Dear Elon,
India is a sovereign country, not your personal business project. You run a private company, not a charity.
Just because you want to enter the Indian market doesn't mean you get to mock people and lecture India on what it should do.
And please stop selling this idea that you are coming to save poor Indians. Starlink is VERY expensive. It's not free internet that you are giving away out of kindness.
You are here to do business, just like every other company. So let's not pretend this is some social service.
Nobody is stopping you from making an offer. Make it affordable, follow Indian rules, and let the government decide. That's how it works.
Please keep attitude in check, you just sell internet. You don't own India.
Tether just dropped their latest reserves report and the numbers are serious.
- USDT Liabilities: $174B
- Cash & Cash Equivalents: ~$140B
> Meaning:
If everyone tried to redeem $USDT at the same time, Tether is short by ~$34B in instant liquidity.
The missing gap is backed by:
- Bitcoin: $9.8B
- Gold & metals: $12.9B
- Secured loans: $14.6B
- Other investments: $3.8B
So yes, Tether is solvent on paper (assets $181B > liabilities $174B).
But they’re not fully liquid, they run a fractional reserve model like traditional banks.
As long as redemptions are normal, everything works.
If there’s a panic? Liquidity stress hits fast.
USDT isn’t “fully backed by cash.”
It’s backed by U.S. Treasuries + yield + risk assets, scaled to a $174B stablecoin.
Global finance changed in October 2023 and few people noticed.
And if you're an investor, you better know exactly what I'm talking about or you might make a huge mistake.
Gold was completely flat between August 2020 and October 2023.
But since then? It's up 95%.
Bitcoin paints a similar picture.
By October 2023, BTC was showing signs of life after the 2021 meltdown.
But since the exact same date that gold took off, BTC has gained 313% in a controlled, methodical manner.
You need to be asking yourself one question: WHY?
As gold is breaking out towards new highs, lots of Bitcoiners are waiting for one last pump to sell before riding off into the sunset for the bear market.
But before you make any decisions... You need to understand what happened in October 2023.
That was when Janet Yellen and the United States Treasury tacitly admitted that they could no longer fund budget deficits with regular long-term debt issuance.
And so, since October 2023, the US has been funding an increasing amount of its deficit spending with short-term treasuries because that's the only thing investors were willing to buy.
Everyone wanted t-bills, but no one wanted to get stuck holding long term bonds.
And why would you? As rates go up, the value of those bonds collapse.
Silicon Valley Bank learned that lesson the hard way.
But with T-Bills, you aren't exposed to the same risks because you aren't locking capital up long-term.
So the reason Gold and Bitcoin have been up tremendously since October 2023 isn't just because of "cycles."
They're up because the market realizes that the sovereign debt bubble is reaching it's natural conclusion.
Shifting debt issuance to short term T-Bills was an admission that there's not enough demand for long term treasuries.
If they continued to sell the standard amount of 10, 20, and 30 year bonds, government bond yields would increase to unsustainable levels.
And the US would be functionally insolvent.
Historically, that means a sudden currency devaluation.
In which case, hard assets win the most.
That's exactly where we're at today.
So if you're wondering what the next catalyst for Bitcoin is going to be...
It's not microcaps adopting BTC, or even the Trump family buying more BTC.
It's the same catalyst that has added $9 Trillion to gold's market cap in less than 2 years.
It's trillions in capital fleeing the sinking sovereign debt ship by hopping into the gold and orange life boats.
We are no where close to the end of this trend.
In fact, we are closer to the beginning than the end.
However, when the crisis point comes, history tells us that currency devaluations happen suddenly.
Nobody knows when it will come.
But when it does, you'll do well if you have the majority of your wealth in assets that cannot be seized or debased.
A nice car, a fancy lifestyle, and a big house are the old status symbols.
The ultimate flex is freedom.
Time freedom, location freedom, and financial freedom.
Air-gapped signer,
Seed with parity,
Multiple Backup on titanium,
Tricks your backup,
With Multi-sig and
remove the keys from devices.
Never access, never use—go all the way, Satoshi way.
For the first time on this planet, you can store something as safely as possible—an invaluable piece of information crucial not only for you but for the entire planet Earth.
If you're a bitcoiner who's made it this far, it's time to learn the hard way, not the soft way. Don't fall into the trap of convenience with hot wallets and mobile wallet nonsense. No matter the fiat amount you're storing, do it with the best security practices.
So create the best signer for yourself, your family, the future of your lineage, society, and fellow beings. Comfort is a scam.
So does accessibility, we are in the store of value phase. Many think this phase is temporary, but no, it's going to last for decades to come. Understand this well and do not give away your corn in faith of easiness to spend. By spending, you are helping corn, but corn doesn't need you. Don't fall for the upcoming congestion on transactions; hold it with you, pay a premium for corn; it will be worth everything one day.
In the next couple of years, IOUs and side shifts are going to be on your head, around you, and will make you bow down in the name of tech, TPS, and comfort. Do not fall into any trap; keep stacking the sats; there's no need to spend for nothing. There isn't a way to buy anything without giving your everything. So, wait for the day until we reach there and then start talking and spreading the corn the way you like, love, or have learned.
Practice the best way of storage for couple of times and Just do it once and then keep stacking the sats on it forever without revisiting it even once.
Remember, this is the best one can do in this time on Earth to fight against injustice, imbalance, and the demon of fiat. You are creating a Warmachine—don't just call it a wallet or signer.
"Do not go gentle into that good night."
Rage …Rage….Rage….