Silab

A curios mind who loves crypto.
A PhD holder who loves engineering.
An explorer who loves to discover the mountains.

[Silab @silab_crypto]

The world is moving towards a neutral currency, the one that cannot be sanctioned or confiscated.
Options:
1. Gold: it is hard to move it around and maintain the self-custody.
2. #BTC : from a technology view point , it is superior to gold but it doesn't have enough liquidity

[Silab @silab_crypto]

I think September inflation read starts coming down. So, there is a decent chance #EthereumMerge meets with lower read on inflation. In such scenario, crypto can see a pump, at least temporary.

[Silab @silab_crypto]

#LunarCrush A big short squeeze is coming.
1. I believe only 20-30 % of #ust supply is organic ( the rest belongs to #lfg or big Luna holders)
2. A major part of organic supply has already left the ecosystem.
In this stage #luna is like #GameStop.

[Silab @silab_crypto]

#utxo and #eutxo based Blockchains (#Bitcoin and #Cardano) are like #GPUs (many small cores), whereas an accounting based blockchain such as #eth is like a single core #CPU (a powerful one though).

[Silab @silab_crypto]

#jackmallers announcement in #btcmiami2022 was one of the biggest milestone in #btc history.
I think #BTC open payment network can revolutionize every industry.

[Silab @silab_crypto]

A realistic solution for me is:
A hard asset with scarce supply which one can self custody:
1. #BTC   
2. #ETH
3. Real estate
Hopefully we will pass this crisis without peacefully.

[Silab @silab_crypto]

High inflation and devaluation of the currency are the only peaceful options left for handling the debt crisis in the developed countries such as the US and Europe.
Check out the @LynAldenContact.

[Silab @silab_crypto]

3. In an extreme case, they might go for confiscating the wealthy individuals' assets (but this changes the rule of the game ...)
One possible solution would be a massive reduction in the government spending but this might result in social unrest.

[Silab @silab_crypto]

@MinswapDEX Thanks for all the hard work. I cannot claim my FISO rewards. The https://t.co/oDPDZGKH5X is not available anymore.

[Silab @silab_crypto]

#btc divided by nasdaq.
Most probably #btc will decouple from nasdaq by September/October and put a new all time high in the nasdaq term.

[Silab @silab_crypto]

I really hope the US can find a peaceful path to overcome this crisis.
I believe #btc as neutral money or collateral alongside #eth as the base layer for a new financial system can be a potential solution.

[Silab @silab_crypto]

Having the world reserve currency once was an advantage for US. However, it is not anymore:
1. The US has lost its industrial capacity (because it was more profitable exporting dollars and importing goods)

[Silab @silab_crypto]

4. The debt to GDP ratio has reached very unsustainable levels.
In summary:
A. They lost (sold) their industrial capacity
B . They sold their future (high debt to GDP )
C. The have created lots of inequality (wealth gap)

[Silab @silab_crypto]

@JeffSnider_AIP I have listened to many of your podcasts. I think the eurodollars system or its equivalent is moving to crypto and stable coins.

[Silab @silab_crypto]

This system is not regulated and participants often got over leveraged and drove the whole world into crisis. It is a ledger and trust-based money system.
@JeffSnider_AIP check him out if you are interested.

[Silab @silab_crypto]

The #eurodollars system is a shadow dollar banking system, as big as the US domestic money market or even bigger. This system harvested most of the economic growth in the last 50-60 years.

[Silab @silab_crypto]

I think in the short term, the world will adopt a mix of gold and #btc as a neutral currency but in the long run #btc will probably rule.

[Silab @silab_crypto]

The world is moving towards a neutral currency, the one that cannot be sanctioned or confiscated.
Options:
1. Gold: it is hard to move it around and maintain the self-custody.
2. #BTC : from a technology view point , it is superior to gold but it doesn't have enough liquidity