This is the Japanese Yen chart (USD/JPY).
Heavy government intervention.
And it increasingly looks like whenever governments and central banks start intervening aggressively in currencies and markets, Bitcoin begins to behave like a hedge against that intervention.
The more distortion in fiat markets, the stronger the case for a scarce, neutral monetary asset.
This is exactly where Bitcoin starts to make sense.
π¨πΊπΈπ¨π³ America fired so many missiles at Iran that the Pentagon's own math for defending Taiwan stopped working
The Washington Post just published the numbers behind six months of whispers, and they explain why Asian capitals are getting nervous...
-Reportedly over 1,000 Tomahawks fired from a prewar stockpile of 3,100 to 4,500, plus up to THREE QUARTERS of the Army's precision strike missiles
-Most pre-war Patriot and THAAD interceptors expended, with analysts putting what's left at around 1,000, against China's 3,000+ ballistic missiles
-September's amphibious exercise with South Korea cancelled outright, citing the war, and over 30 ships meant for the Pacific sent to the Middle East
-The USS George Washington sailed west this month, leaving the region without a single American carrier
-Taiwan bracing for significant Patriot delays with $30 BILLION in approved weapons undelivered, and Japan's Tomahawks possibly two years late
-CSIS war games: defending Taiwan burns 5,000 long-range missiles in four weeks, and stockpiles were likely inadequate for China before the first bomb ever fell on Iran
-The fix, a $58.6 billion contract to triple Patriot production, doesn't deliver until 2030
Here's the part that matters. Beijing spent this year encircling Taiwan with its largest drill ever and testing a sea-launched nuclear-capable missile, and Xi lands in Washington on September 24 knowing every number on this list.
Deterrence is arithmetic the other side does for itself, and somewhere in Beijing that math is being run nightly against a clock that says American factories need at least four more years.
The war nobody can end in the Gulf may end up deciding a war not started yet in the Pacific.
Source: The Washington Post / Writer: Daniel
More than a year ago, the House passed the Clarity Act.
Thereβs been progress since β thousands of hours of bipartisan negotiations took place at the staff and Member levels. The Senate Committees on Banking and Agriculture advanced their respective titles. And Senate Republicans produced a floor-ready product that, as I type this, is waiting for a vote.
Itβs disappointing β but not surprising β that Senate Democrats are choosing politics on the cusp of a major victory for American leadership. Find another instance in history where Congress, when given the choice, opted to push an industry out of the United States rather than smartly regulate it. American Exceptionalism was once a bipartisan goal; if Clarity fails, I have serious doubts.
These same Democrats β many of whom have taken millions of dollars from the crypto industry β proclaim that Clarity lacks safeguards for consumers and falls short in countering illicit finance. Nothing could be further from the truth. Titles II and III materially uplift regulatory and compliance obligations for digital asset intermediaries, placing them on similar footing with traditional financial institutions. The Blockchain Regulatory Certainty Act β which Washington lobbyists have spun up as a boogeyman for certain groups of prosecutors and law enforcement β does nothing other than codify longstanding Treasury Department policy thatβs remained consistent across Administrations: non-custodial builders and developers are not, and have never been, subject to registration obligations under the Bank Secrecy Act. And at this point, major law enforcement trades that once opposed the bill, including the Fraternal Order of Police, have now endorsed it.
The Senate needs to vote NOW on this landmark legislation. The truth is that Senate Democrats are afraid to advance the Clarity Act as they fear Senator Warren and the βAnti-Crypto Armyβ she once promised to build. In the days ahead, Leader Thune will put this theory to the test. Will Senate Democrats be on the side of American Exceptionalism, or will they opt to cede American leadership of a global industry for fear of the bespectacled squirrelβs Left flank?
America will lead or America wonβt. Itβs not more complicated than that. I believe Satoshi once said it best:
βIf you donβt believe me or donβt get it, I donβt have time to try to convince you, sorry.β
Logistically, large accounts only see a percentage of questions asked to them. You have to tune out 90% just to function.
Yes, Iβve read it.
A nice aspect of bitcoin is it minimizes the role of institutional politics. So if people donβt like an implementation they can fork and run another.
@EricBalchunas@BitcoinArchive Maybe it's about building a concept. IMO the concept is BTC as a liquid collateral. Some may disagree with the method, but so far so good in terms of liquidity.
@PravattaMarcelo I understood from one of your previous posts that a reading above 50 would indicate a high level of volatility. I see the BVIV index you posted at 60.
What am I missing?
Hey @elonmusk , is it possible to hook up BTC mining rig in those starlink satellite of yours and run'em on solar? Laser data transmission.
Nail in the coffin of the energy debate. Don't think need to worry too much about cooling up there.