@ThHappyHawaiian@badcharts1 How much capex would occur in the face of climbing interest rates? Invest in industries that do not require capex and in commodities that do require capex.
@c50391904 Public school offers more social interaction. However, many of those interactions have negative effects on kids. Disagree that public schools offer a net positive on the social side. Many public school kids are damaged by their peers.
@0xNonceSense Gold went up during the ‘79 Iran war. This time gold went up BEFORE the Iran war. What you’re really doing is giving credence for a massive gold run to occur again during this war.
@Hodling_btc Bitcoin does have exchange utility, is finite, etc., but its value is unrelated to energy inputs. As far as security, I don’t know that we can trust exchanges or wallets in general.
https://t.co/4UE0VKRzWn
Bessent on Iran:
We have seized about $1 billion of Iran's crypto — just outright grabbed the wallets.
Some of them may be typing in right now and might not realize their wallet has been grabbed.
This is money that's stolen from the Iranian people.
@Hodling_btc Doesn’t matter because sea shells have no demand are easily replaced. No amount of energy used to dig the seashell has any effect on its value. Bitcoin has thousands of replacements as mediums of exchange and wealth storage.
@Edmstormtrooper Metals have industrial & exchange utility. If we found a cheap alternative for metals, prices would fall. Bitcoin’s only utility is exchange, same as fiat. It’s replaceable fiat that isn’t printed.
$10K to mine 1 oz of gold reduces supply
$10K to mine 1 BTC does nothing to supply