Stablecoins are tokenized US debt
$USDT is the 16th-22nd (depending on source) largest buyer of treasuries
As traditional buyers (nation states, banks, etc.) dry up, stablecoins represent a totally new class of buyer at auction
New demand for treasuries = more money printing
We need multiple American ASIC manufacturers desperately 🇺🇸
Chinese ASIC manufacturers currently have well over 50% market share
Great step in the right direction. I hope they can be competitive and make an impact in the #bitcoin mining industry
Grassroots movements are driven by the collective efforts of ordinary, often brilliant people. These movements start at some sort of community or local level and grow organically.
This is the spirit of bitcoin.
Persistent inflation underscores the limitations and often the failure of central planning.
Policies aimed at controlling economic variables through monetary manipulation have repeatedly led to economic distortions, boom-bust business cycles, and unintended consequences
#bitcoin is by far and away the most advanced and decentralized technology that humans have ever invented
Because Bitcoin is actually decentralized, participants cannot be deprived of the rights it provides them and are incentivized to keep it decentralized.
Great quote by @Alekandar Svetski on @Marty Bent's pod
"We are now the barbarians... setting the foundations for going to the stars."
Particularly important given recent events that we remember we are the generation of the 4th turning.
Blessing and a curse. Better start building.
