Andreas Antonopoulos, Bitcoin OG / author of '"Mastering Bitcoin" dropping pure 🔥 -- as always, with so much logic and truth.

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Andreas M. Antonopoulos shares his take on the #Bitcoin spam discussion and the Knots fork from @LukeDashjr.

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I think we are going to look back and realize "private credit" investors are the suckers at the table, sitting on huge risk, having done really stupid deals, utilizing way too much leverage, and will lose everything. "If the music were to stop, as you put it, then this model wouldn't even be close to that scenario. It would be considerably worse". - Peter Sullivan, "Margin Call"

China is trying to fortify the Yuan as a global currency, buying a lot of gold. The US is trying to extend USD dominance, and create demand for US Treasuries by wrapping them up as stablecoins. Assuming sound money beats fiat in a world which is increasingly indebted where trust fails, a gold strategy wins. The US counters with a bitcoin, digital gold, strategic reserve. The fact the US achieves this reserve will reflect the success of China' gold strategy.