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Jeff Booth | 3 months ago (raw) | root | parent | reply | flag +11 
 Pressed send before finishing….. the high likelyhood of the greater game.
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Octothorpe | 3 months ago (raw) | root | parent | reply | flag +1 
 That announcement made my alarm bell ring very loudly...we need to be hyper vigilant
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Olaf W. | 3 months ago (raw) | root | parent | reply | flag +1 
 The note works just as well without the addendum. 😄
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OrangeSideUp | 3 months ago (raw) | root | parent | reply | flag +3 
 It’s pretty safe to assume they will try to control or corrupt Bitcoin if possible, and if this is not achievable, perhaps they’ve just worked out the game theory that the can’t stop it and if they don’t get onboard they’ll lose and the longer they leave it the worse position they will be in. The centralisation of corporate miners if an attack vector that is worrisome.
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satoshian | 3 months ago (raw) | root | parent | reply | flag +1 
 game theory in real time
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FrankCorva | 3 months ago (raw) | root | parent | reply | flag +1 
 I was going to say… Is Jeff being cryptic? Lol. What is that greater game in your opinion?
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stark | 3 months ago (raw) | root | parent | reply | flag +1 
 He wrote a piece called The Greatest Game. Check that.
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FrankCorva | 3 months ago (raw) | root | parent | reply | flag 
 Will do.
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JD | 3 months ago (raw) | root | parent | reply | flag 
 Willy Woo spoke about this recently.

The increasing financialization of BTC.

Went into detail of how this will play put and impact the M2 and M3... and the "price" of BTC.

Interesting stuff.
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BitcoinVideoGuy | 3 months ago (raw) | root | parent | reply | flag +2 
 What do you mean by “the greater game”?
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Jeff Booth | 3 months ago (raw) | root | parent | reply | flag +4 
 If measuring price of #Bitcoin going up in USD, and spending in USD, the 2nd layer is USD or stablecoins pegged to it. 

Ie - by only focusing on store of value and thinking it’s going up (their money is going down) the 2nd layer centralizes and paper bitcoin will be used to keep existing power structure. Massive incentives here including many #Bitcoiners cheering price go up/don’t spend your bitcoin playing into that consolidation. 

Existing system requires inflation to remain solvent. 

Bitcoin system forces productivity gains to all of society through the free market. 

If you knew you that it was too late to stop layer 1, + layer 2 was emerging (native to Bitcoin) and then calculated that unless stopped, Bitcoin would be on path to be medium of exchange that would remove your ability to finance your control structure….what would you do? 

IMO - It either becomes a medium of exchange (and market/political incentives are misaligned here) or ceases to be a good store of value. (Over the long term) 

I went deep on this topic on an upcoming podcast that Saif is releasing.
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Joe | 3 months ago (raw) | root | parent | reply | flag 
 Medium of exchange or bust?