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You cannot fight the Fed and it has shown there is nothing it won't do to prop up the stock/bond market.
The gov't is responsible for more than 50% GDP which makes the US quasi-socialist without any of the benefits.
A lot of white space for the market to correct.
An eye for simplicity in design and ambition does not mean you do not have grand ambition. Rather you can frame and filter in a more basic framework free of convolution.
None of this will end well but "when the music's on you have to dance".
COVID-19 is not BTC's moment.
We want something that will protect our wealth in cases where the people in power fuck up.
BTC is fundamentally different from the decision-making body and is not tightly coupled to traditional financial markets.
Internet cycles move in a pendulum between aggregated and fragmented.
Over time users will get tired of the Swiss Army knife solution and seek out excellence in products in specific use cases.
PD standards are becoming more open and decentralized.
Entrepreneurs will build smaller $5-$10M companies that employ people all while living in a place if their choosing, connected with the community.
Reminds me of @david_perell's business school of the future:
In 2000, there were 8,000 public companies. Now there are 4000.
2/3 of the S&P 500 do not have an R&D budget
Why? Well, we don't have capital markets that support high drilling, fast-growing companies that build for the future of America