"Man desires Beauty because his soul longs for Lost Paradise"
Jesus | BTC | Finance | BJJ
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“Alexander, Caesar, Charlemagne, and I myself have founded great empires; but upon what did these creations of our genius depend? Upon force. Jesus alone founded His empire upon love, and to this very day millions will die for Him."
- Napoleon Bonaparte
This coldcard business is going to be especially painful when the bull market immediately follows. People will be forever calculating the increasing value of their losses.
BREAKING: The US Treasury announces it will double the size long-term US government debt buybacks following the rapid surge in US Treasury yields.
Repurchases of $2 billion will now be increased to "at least" $4 billion, the US Treasury said.
The move is intended to provide "liquidity support" for bonds maturing in 10 to 30 years as total US debt nears $40 trillion.
There is the intervention we have been calling for.
@dotkrueger The second-order effect he’s demonstrating is that he can sell in size at the bottom of a bear to fund his dividends. His company isn’t as fragile as many may think.
This coldcard business is going to be especially painful when the bull market immediately follows. People will be forever calculating the increasing value of their losses.
Most Bitcoin bears have had a seminal, cycle-defining event; Mt Gox, FTX, Terra Luna, Celsius, etc.
Each time, the community has responded to the pain and has learned from it. Grown stronger from it.
Clearly, the Coldcard exploit was this cycle’s event
We’ll learn and adapt
This attack changes everything psychologically.
How many bitcoiners will never even attempt cold storage now?
All while CLARITY is being deliberated. Interesting timing.