Awesome episode
@jack mallers one question for next week though: You talk about Bitcoin as a “truth machine”. It strikes me that we have seen big dips when big re-alignments in truth have occurred in the last few months. I’m thinking about Deep Seek and tariff announcements. Is it the case that these events make things less clear and therefore bitcoin is losing value for some reason, or could it actually be the opposite, which is that funds that own bitcoin are selling their bitcoin during moments of clarity, because it’s the most liquid asset and they redirect those funds to capitalize on new information, then when the market prices in that new information we reach a “truth equilibrium”, they sell their position in the known bet, and re-enter bitcoin for the debasement bet. In other words, debasement is the most obvious truth to bet on if you’re not sure where else to put your money, because it’s then easy to move out of the high percentage move to capitalize on momentary imbalances before returning to the high percentage play?
