This whole Terra episode has rekt alot of ppl permanently. On the converse it's a great opportunity to buy BTC at a 1-year low. Out of the ashes rises the phoenix.
Thought's on being very rich. Living in a 100,000 sqf mansion in solitude. The opposite might be living in an apartment complex with neighbours that know you by name and sometimes knock on your door to borrower sugar. Sovereignty vs community.
Balaji is on to something. So the question is then where do you want to be. Fully sovereign, bowing for the collective and forced sympathy. If you ask me, the sweet spot is right in the center.
https://t.co/GtCEWDyOrl
There are three extant poles.
Communist Capital (CCP): you must submit
Woke Capital (NYT): you must sympathize
Crypto Capital (BTC): you must be sovereign
As I note later in the pod, we need to establish a fourth intermediate - the decentralized center - which appeals to all.
Carnivale is one of the best tv shows that nobody has seen. It came out in 2003 to great reviews though viewership couldn't sustain it. The world wasn't ready for serialized storytelling. If it came out 15 years later it would have been on par with GOT, Sopranos.... Check it out.
Want to orange pill a boomer?
Ask them when they sent their first email. Chances are that it was via aol in the mid 90’s.
Now ask them when they think the first email was sent.
It was 1971.
Email was ~25 years old when they tried it.
#Bitcoin just turned 13.
@LayahHeilpern It's the painful truth. That's what you get when you mess with a volatile asset class with an exponentially growing user base. Oh and leverage and hedge fund interest. When we zoom out through we get a very different picture.
@Dennis_Porter_ You can only appreciate the opportunity that is line 2 once you've experienced the pain of having bought from line 1. I think all Hodlers can relate.