Decentralized Minds, The Bittensor Revolution
Decentralized Minds, The Bittensor Revolution takes you on a thought-provoking journey through the evolving world of artificial intelligence.
As the narrative unfolds, it dives deep into the rapid evolving advancements of AI, the implications and the potential dangerous misuse by those in power. The film explores the ethical dilemmas we face, through compelling stories and insights it presents a hopeful vision for the future. It showcases how humanity can steer these groundbreaking technologies towards the greater good by embracing decentralized & revolutionary systems, like Bitcoin and Bittensor.
Featuring: @const_reborn@shibshib89@mogmachine@WSquires@macrocrux@0xcarro@ProfFahdKhan@benzion_b@KeithSingery@JosephJacks_
#Bittensor $TAO
Imagine a $300,000 #Bitcoin within 12 hours...
Apple just did a $110 billion stock buyback.
If they instead deployed that $110 billion into the 1.7 million #Bitcoin left on exchanges that would be $64,705 of cash chasing each #BTC.
However, price is set at the margins.
In reality, if $110 billion chased the remaining #BTC on exchanges not all of 1.7m of them would be bought up instantly and the price would rise way more than $64,705.
If you have 1.7 million houses on the market and 1/2 of them are bought instantly, the remaining demand keeping the market stable is now competing for the remaining ones.
If you have 100 gallons of gas an everyone has a car, it is extremely likely the price of gas merely doubles when 1/2 the gas is bought up... WANTS vs NEEDS.
We cannot truly understand what would happen, however it needs to be emphasized that MOST companies are going to realize something in the next 20 years:... The NEED to own a treasury asset with no dilution, coutner-party, or insolvency risk is critical...
It is a NEED not a want.
If you are in charge of a company and you are ordered to deploy your cashflows or assets into #Bitcoin it does not matter that the price just doubled... you still need it.
"Hey boss do you still want me to buy the #Bitcoin it just doubled? I know you asked me to yesterday but it went up so much I wanted to confirm with you first."
"Foolish employee, it does not matter the price of a lifeboat just tripled. We've been ordered to preserve our balances sheet and what else do you want me to buy, bonds? Do your job and execute the order before it goes up any more. You cost us half our balance sheet by delaying. Do it and then you're fired."
Again - it is a NEED not a WANT.
It is going to be a long time (years/decades) until companies begin transitioning from share buybacks into putting energy into #Bitcoin, however it is wildly misunderstood how bullish that would become.
Why would you put back energy into your fiat monetary premium of your cooperation when you could deploy corporate fiat energy into lower-risk #Bitcoin energy?
Put this in context... the ETFs in total have purchased not even half of the share buyback Apple just announced.
Most importantly... What happens when this NEED approaches the nation state?
Michael @saylor has got a lot of capital via @MicroStrategy to dump into #Bitcoin.
Apple has got 50x the capital to dump into #Bitcoin.
The state has an infinite capital debaser to dump into #Bitcoin.
Don't be naïve...
Someday governments will print legal tender and do their own form of a "currency buyback" and pump their own political currency via #Bitcoin in the same way Apple does a share buyback.
There will come a moment where it is higher risk to NOT randomly issue another trillion of bonds/cash to smash-buy some spot-#BTC... After all, what is another trillion to you?
"THEY WILL NEVER DO THAT!!!"
Ok. Good luck.
If you don't do it, they will.
If they do, you're done.
There is no top for #BTC.
Print for #Bitcoin or your printer will become worthless. In irony, printing your political currency for #Bitcoin may be the only way to avoid hyperinflation.
Get off zero #Bitcoin.
Jurisdictional arbitrage your multi-sig keys.
Upgrade custody + inheritance plan.
Sleep well.
Life life.