There is no way bitcoin was made by 1 person. It was definitely a group of people. Finney came up with the name, Back came up with the genesis block. Multiple people were posting as satoshi, and multiple people made the software. I strongly suspect Szabo knew about it, and was involved. Craig Wright knows Finney was Satoshi. Kleiman and Dai were probably involved. There is no way 1 person could have made bitcoin.
I'm so tired of all these fake satoshis. If satoshi is even still alive, why would he ever reveal himself? If satoshi is still alive, then he must already be rich, otherwise he would have sold his bitcoin.
I completely agree, but I think the boost from liquidity could run out. There are situations where liquidity fails to boost price levels, such as a liquidity trap.
But a meltup is a real possibility, one that I'm worried about. High rates and high debt could lead to runaway inflation. It appears people are betting on this scenario, judging by the price of bitcoin, gold, and silver. Bond yields keep going up, which also supports this hypothesis. But, the dollar hasn't gone down yet because the economy is strong, and bond yields are high. So there are some conflicting signals.
Big tech will delay the green transition. They will consume as much energy as we can produce, which means we will need to use more fossil fuels. All of these nuclear plants will power these massive data centres, both of which require considerable amounts of carbon emissions to build. And all of these chips that are necessary. There is no way we can build and power all of these data centres without delaying the green transition.
I don't think he told many people about it. Someone told me about bitcoin in early 2008, but they didn't use the name. He mentioned a distributed ledger, and mining for digital currency. He never said the words "bitcoin", "cryptocurrency", "blockchain", or "decentralization". But some guy in Vancouver knew about it, so who was he?
It happened so long ago, I didn't even think about it. But when I finally thought about the dates, it didn't make sense. It's been driving me crazy trying to figure out who that guy was. But it was so long ago, I can't remember that much about it. I just remember dating that girl, and thinking she would think I'm crazy if I even mentioned it. Imagine trying to explain bitcoin to someone back then, it sounded insane. I kinda thought that guy was on drugs
And if he was satoshi, then I know for sure who isn't satoshi. But it happened so long ago that I can't say for certain who it was. Just a guy in his 20s. He might have had a name for it, but I don't remember. He told me it was going to be the future.
Inflation isn't coming down because the government is printing money. And if rates rise, the government will have to print more money. This is why rates have to come down. The fed will keep rates high, or they will raise them, until inflation comes down.
No matter who wins the election, their policies will cause a recession. They can't kick the can forever. And a recession is the only way to get rates back down.
The stagflation hypothesis is flawed. Stagflation would almost certainly lead to hyperinflation. I think debt deflation is more likely. The government would have to really fuck up for stagflation to happen.
The craziest thing about that guy was that it happened in early 2008. I was 18, and he couldn't have been that much older than me. I wonder who he was.
In the late 2000s, I met someone on the bus who told me about bitcoin. I didn't know what the fuck he was talking about. Distributed ledger? Mining for digital currency by solving puzzles? I thought it might be legit, but there was no was I would be able to explain it to my girlfriend, so I should just forget about it.
Not listening to that crazy dude on the bus was the biggest mistake of my life. I still think about that day everytime I look at the price of bitcoin. He was young, and he definitely didn't look rich. I couldn't understand why anyone would want to do that. But he was right.
Inflation is coming down, but everyone is still betting on inflation? Why? Bond yields keep going up. Do people really think there is going to be stagflation?
Bitcoin, gold, and silver are all up. Bond yields are up. Everyone is betting on inflation. Nobody thinks the fed is going to cut until they hit the neutral rate, or they think the neutral rate is higher than previously estimated.
If people thought inflation was coming down, they would be buying bonds. If people thought rates were coming down, the dollar wouldn't be going up.
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