Oddbean new post about | logout
 “Seem to be” is what keeps my eyes open. But I agree with your sentiment, which, if I am interpreting it correctly, is that if the incentives are right and if we demand more from those with power, or from those who run our institutions, then we would be better off. And I think you’re equating being early to bitcoin as being in line with those incentives. 
 That’s exactly what I mean, at least as a general trend 🫂🫡 
 What could they do if they are really malicious?

Sell it for zero? Or just long-term downward pressure on price?
-> I'd love that

Sell it for (trillions) to the central bank?
-> I'm ok with this; it recognizes its value

Buy an army/resources and fight the virtuous Bitcoin users in the meatspace or via regulation?
-> I'd argue that the current States & Central Bankers govern much more coercive powers in their hands. So what...

The size of your stack does not matter.