image Yesterday F2Pool mining co-founder Chun Wang said that. He is right. Is bitcoinΒ΄s censorship resistance about to go down the toilet? Yes, if we don not take immediate steps to ensure that UTXOs are mixed by default at protocol level. Any developers copy that?????????????
You know the story of the boiled frog. Well, in Europe you are the frog being boiled. Luckily, I jumped out of the pot and left for good in time. You can also democratically vote with your feet and give them the middle finger. All you need to leave and take your wealth with you is #bitcoin. This is what I have done to prepare.
Is bitcoin at 10 Million impossible? Not if you assume that it can gain a certain market share of other assets which have been monetized as a store of value because of the lack of better alternatives. @`petermccormack`whatbitcoindid podcast with Jesse Myers showed a couple of interesting slides which I copy below courtesy of @`petermccormack` image The above shows the value of several assets classes such as stocks, Bonds, Real Estate Gold etc to be cumulatively approx. US$ 900 Trillion. The second below shows Jesse Myers allocation of a % of any such assets classes to bitcoin. You can play with that as you like and come out with your preferred bitcoin market cap and divide that for 21 million (actually I would divide for 19 million to account for the lost keys and Satoshi holdings which never moved since inception). Say what is your forecasted bitcoin price and how far down the line you see that happening. image
πŸ“„.pdf The FED sues Bitcoinmagazine for infringing the goodwill and value of its trademark FEDNOW LOOOL
In a post someone asked: Can you help me answer this thorny question: is it the value of #Bitcoin that rises in USD or is it the infinite fall towards zero of the USD that causes the price of Bitcoin to rise towards infinity? image My answer was: They are both false. Bitcoin is an economic black-hole. It slowly absorbs all the economic energy of the world as every item is being repriced live in front of our eyes into BTC. It is called monetization. Every passing day that its adoption increases, it buys more of every item. It buys more USD, it buys more EUR, it buys more of your real estate, it buys more of gold bars. The other items do not lose "value" since this is subjective. They are being de-monetized. Take real estate for instance. Its value should be equal to the yield/rent the owner gets. When interest rates are at say 5% a real estate should yield at least 5% plus its maintenance costs plus the work of the real estate manager, etc to be justified as an investment. If it yields below that, the delta is due to its monetization i.e. people pay a premium over its yield because they use it as a store of value because fiat money is not a store of value anymore. The same goes with stocks, watches etc. All those "store of values" should be theoretically de-monetized by bitcoin because of its properties as a superior form of hard-salable money and a "store of value". BTC price then is just is a mathematical function of its adoption, of how much of todays economy gets repriced into 21 million bitcoins. However its adoption and monetization is neither certain nor inevitable, despite it being the best available form of money to humanity. WhatΒ΄s your take?
FOLLOW THE MONEY SERIES: WHY THE WAR AGAINST THE "VIRUS"? image
image FOLLOW THE MONEY SERIES: WHY AMERICANS CARRY OUT THE WARS FOR ISRAEL?
Typical "elitist thinking" explained: you are too stupid to understand their "science". Therefore, no need to explain why you need to take an [experimental gene-therapy marketed as a] "vaccine", suffice to hire and pay well some "influencers" and the herd will silently submit to the experimental injection.
I do not know of any other people who have the intelligence of questioning ingrained biases, learn about money and change their view of society and the world like bitcoiners do. Do the same to question the mainstream narratives on key geopolitical events - like 9/11, the 2008 financial crisis, Covid pseudo pandemic, the Ukraine-Russia war and lastly the Israel slaughtering of tens of thousands of innocent civilians - because it is all connected with the role that powerful elites, special interest groups and their banksters have in the fiat monetary system. Fiat is war, Bitcoin is peace. For those willing to learn more about the current war of Israel in Palestine you will find numerous very interesting links in my substack Note linked below.