@mattkratter@AdamBLiv Bitcoin eating fiat and the bond market does necessarily involve touching it and interacting with it. Your unwillingness to engage with the content of Adam's arguments is a bad look.
I'm imagining the bears who think that Bitcoin is so weak that if you buy 4% of it and talk a lot, you can destroy the whole network.
It's not even a person, but a group. Bought 4%.
Like, somehow the key weakness of Bitcoin is that if someone buys 4% of it, everything fails.
I own zero STRC. I have never owned any STRC. I prefer Bitcoin.
I have made posts about how economically stupid it is to buy STRC and use the dividends to buy Bitcoin. I still hold this opinion.
STRC is not a replacement for Bitcoin. STRC is riskier than self-custodied Bitcoin. You are accepting counterparty risk by owning STRC.
But if we somehow do not orange-pill the 640 million retirees in this world by next week, I would rather have them take their capital and buy STRC so it ultimately flows to Bitcoin.
They get an 11.5% yield in exchange for capital that goes to Bitcoin.
I would rather have them do this to A) have a better life with more income and B) stop funding the government deep-state pedophiles while getting paid one-third the amount.
I do not believe STRC is competing with capital that would otherwise be sitting on a Ledger wallet.
STRC is not my ideal. Bitcoin is my ideal.
But STRC can improve the quality of people’s lives on a relative basis, and I prefer that over the alternative if a guy who cannot properly use a McDonald’s self-order kiosk is not mentally equipped to self-custody his wealth in an asset that routinely drops 50%.
We need to be pragmatic.
The Bitcoin network is a little over $1 trillion.
The debt market is 300x that.
Some of that capital going to Bitcoin is a great incremental win for the network, and some lives can be improved instead of the alternative: living off 4% T-bills.
Hypothetically speaking, if the bond market were Trojan-horsed with STRC and it drove Bitcoin to $1 million, I think the positive network effects for Bitcoin would be staggering.
Stories matter. Narrative matters. Bitcoin at $1,000,000 draws a lot of eyeballs to the network.
We cannot let perfect continue to be the enemy of good.
If you are allergic to this level of nuance, please do some inner reflection.
@cturnbull1968@RubenGallego Robinhood didnt steal from the rich and give to the poor. He stole *back* from corrupt government after excessive taxation, and returned the money to the productive working class. Robinhood was a libertarian, not a communist.
I tried to end welfare for refugees and illegal aliens one month ago. 30 Republicans voted against me. Every single Democrat opposed it.
This is the problem. There's no desire to address this issue.
The government will let corporations pump high fructose corn syrup into everything on the shelf, despite heart disease being the #1 killer in America. But you need $35,000 in permits to sell homemade salsa to your neighbor, because you never paid off Congress with lobbyists.
The middle class is the most expensive place to live, and no one talks about it. Lower income households get assistance. The wealthy use tax strategies and loopholes. But the middle class pays full taxes, full tuition, full healthcare, full everything. So you work 50 hours a week just to stay in the same place and fund everyone’s life except yours.
Did you know physician owned hospitals had better patient outcomes, so hospital lobbyists made the Democrats ban their competitors to support the Affordable Healthcare Act?
A liberal reporter felt sorry for the prisoners in Bukele’s super prison CECOT in El Salvador so they made him watch a video of what the prisoners dis to end up there.
He quickly changed his mind…
🚨 California just voted to pass AB 2624 aka “The Stop Nick Shirley Act”:
This bill puts journalists at civil risk for investigating fraud and makes it harder to expose fraud in “immigration support services,” including NGOs, nonprofits and health care facilities that receive hundreds of millions from the state of California each year.
This bill would have made it criminal to expose fake hospices in LA or the Somali “learing center” in Minnesota if they then claim “reasonable fear” and the business owner gives a written demand not to post the video.
Plain and simple, California is trying to make it harder to expose fraud and scare individuals from investigating fraud in their communities, as they could be sued for an injunction to remove the video + forced to pay their attorney fees + minimum $4,000 in damages.
The Attorney General's wife, Mia Bonta, created this bill and is now trying to make it law. How is this not a conflict of interest?
California is full of FRAUDSTERS!
@MarioNawfal It would be nice if it stopped slamming on the brakes and coming to a dead stop in highway traffic when a plastic bag or some leaves blow across the street.
The words "climate change" do not simply refer to the idea that the Earth is getting warmer or cooler.
The Earth is always getting warmer or cooler. Sometimes there were ice ages. Sometimes there were hippopotami in the Thames.
No, the words "climate change" are something more. They are a political slogan.
They do not merely mean that the world is getting warmer right now.
They also mean that this is necessarily a bad thing. That it is your personal fault if you are White and live in America or Europe, but not if you are brown and live in India or China. That you must give up technology your ancestors enjoyed, and pay more taxes so that California can spend 132 billion dollars on 100 meters of rail.
"Climate change" means treating a slow, inevitable, and natural process as a perpetual crisis requiring perpetual money.
This is nothing but a perpetual grift, where the politically connected swear the ice caps are melting, fly around in private jets to tell you about it, then collect your money to buy beachfront property.
California high-speed rail cost now up to $231 billion. That means the average worker in the state will pay out over $12,000 to fund a single project that almost no one will ride.
CA rail will be studied for generations, a truly once-in-a-lifetime level of government failure.
C. S. Lewis, the feminist.
“The homemaker has the ultimate career.
All other careers exist for one purpose only – and that is to support the ultimate career.” — C. S. Lewis
Fauci walked into a CIA briefing in 2020 and overrode six out of seven scientists who said COVID came from a Wuhan lab. This isn't a conspiracy. It's a convergence of interests. They funded gain-of-function research. The virus leaked. So they covered their tracks. @MattKibbe