Here is my current base case:
If the tariffs on China stay in place at current rates, we will:
1. get a recession.
2. S&p500 and bitcoin have topped for the year
3. The budget deficit will blow out due to automatic stabilizers in recession
If the tariffs rates on China end…
If you haven't considered the next steps of concentrating all power in the hands of a few through a Central Bank Digital currency with artificial intelligence, 24/7 monitoring, and robotics....you neither understand human nature, or how absolute power corrupts.
#Bitcoin
Conviction follows truth.
Pay attention to how bitcoin outperforms shitcoins whenever there is fear in the markets.
Bitcoin is bedrock, truth and substance. Bitcoin has hodlers of last resort.
Shitcoins are smoke and mirrors and empty hype.
1/ Why doesn’t #Bitcoin move from proof-of-work to proof-of-stake?
A panel yesterday at the Oslo Freedom Forum #OsloFF explained PoW vs PoS in the best way I’ve seen in a while.
A thread 🧵 with quotes 👇
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