Why is the S&P just a reflection of monetary debasement and not of actual growth.
Why are stocks essentially "money" and the dollar actually just a unit.
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Bought mine through Nick Kaboomracks. Won't make you a fortune but if you have 220v to spare worth the time. It's losing money in most jurisdictions for power rates but happy to help plebs out. 💯💯
This is what the professional fiaters in Tradfi asset management do. They don't actually know what they are doing; simply asking a teacher for the answer.
They don't understand the business they are in.
What if FAANG stocks are actually outperforming because they all secretly hold #Bitcoin ?
5 or 6 stocks are responsible for almost all the index performance.
I would guarantee all of those companies have some #Bitcoin off balance sheet.
Art dies towards the end of fiat systems. People lose the purchasing power to assign value to the things that they believe are beautiful. All things begin to be valued on their utility value, including art. Currently most art is simply used as a tax haven, that's its utility value.
#Bitcoin brings beauty back to the world
High quality food. Food has fallen to its utility value in the fiat world, maximum quantity is the current goal.
Nutritious quality food I will be happy to pay sats for.
Everyone thinks it's a political problem when it's a monetary problem.
Political chaos is the result of monetary chaos.
Money is in fact the most political object.
#Bitcoin
I think it's full of people who constantly refine and review their own mental models of the world. It's an active process of thinking and re-thinking. Most people just accept the world as it is.
Craigslist was probably peak centralized internet.
Most modern tech apps are services people used for free on Craigslist. Ride share, for sale, gig work etc.
My hope is #Nostr can become the decentralized Craigslist and upend the app/gig economy.
The Fed just bailed out one of the largest holders of underwater US debt in Japan.
The collapse is happening but nobody understands it. The Fed is the buyer of final resort.
The ETF shares are being redeemed for gold in the US and the physical thing is being sold in China at a premium. The US is essentially sending all its domestic gold to the East.
The US will back the dollar with Bitcoin and the East will back its FX by gold. BTC is most likely a govt creation to defend the dollar.
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