I've been thinking a lot lately about economic migration lately.
For many of us #Bitcoin was the red pill we needed to see more clearly what's really going on in the world and the people running the governments. (I know, some you were already "woke" before you discovered BTC.)
A year of lockdowns. A year of restrictions on basic freedom. A year of printing an insane amount of money.
A year of total incompetence, even more so than usual, of most governments around the world... and now the vaccination strategies and passports.
There are so many red flags
One advantage of this crisis is that it pushed the idea and infrastructure of remote working ahead by 10 years.
It's no longer just your classic "digital nomads" that can work from anywhere in the world now.
Even my 60 year old mother now understands the joy of working from home.
I only see 4 reasons on why you wouldn't move to a more "friendly" or "suitable" environment:
1. Family/friends/loved ones. But well they can move too.
2. You can't afford it.
3. You have a very specific job that you can only do at that location.
4. You can't with your passport
There is no perfect place, but well if you're not happy, you can always try to "shop around" and see which country, state or city offers something that fits you best.
If I was American I would be moving to Miami or NH.
If you want to stay in the EU: probably Portugal or Malta.
Local governments have to adapt or they'll lose entrepreneurs and innovators to other places.
You're already seeing the brain drain in many places in Europe and US.
I expect a lot more people are going to vote with their feet and take their money and businesses with them.
It wouldn't surprise me if large parts of what are currently thriving and innovative cities in Europe are going to be complete ghettos in 20-25 years.

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More from @WhalePanda

29 Jun 20
What Joe conveniently isn't mentioning is that it doesn't matter if they were direct market buys.
The $BTC getting locked up on $GBTC are not redeemable so they're effectively locked/off the market.
More coins going off the market than are being mined.
There are a couple of different scenario's here:
1. People send money to Grayscale, Grayscale buys them. According to the Messari research this is ~30% of coins mined after the halving
2. OGs/Funds send their coins to GBTC to take advantage of the premium. This has 6 month lockup
2.a. OGs/Funds are happy with the shares and don't buy new coins.
2.b. OGs/Funds dump the shares after 6 months when the lockup period expires if there's a premium and rebuy BTC.
Read 6 tweets
10 Jun 20
A couple of people asked me about this thread.
Tbh it's one of the dumbest takes I've seen in recent years but I'll address it.
First of all: Dominance is one the dumbest indicators in this industry. It's easily manipulated and we currently have 5500 "cryptocurrencies" (tokens & stablecoins)
If I buy 1 coin with 1 billion supply for $1, I just created a billion dollar marketcap coin.
He forgot BCash here as copycat altcoin, which is the coin he's actually pushing if you know his history.
Read 21 tweets
15 May 20
With the start of the 4th #Bitcoin epoch we'll soon see another big influx of new people into this space.
Here are some of my thoughts and observations after 7 years in this space.
Is it too late to buy Bitcoin?
No, also: you don't have to buy a full Bitcoin. Don't invest money you can't afford to lose or might need soon. This is a risky investment.
Even if you decide to buy Bitcoin now, in a couple of years people will tell you that you just got lucky.
Should I trade? On twitter I see all these people who are claiming to make huge amounts of money
If you're already not 100% convinced if you should trade or not: don't. Even if you're 100% sure that you should trade I would still advice you not to. The majority of the people lose
Read 16 tweets
31 Jul 19
Nick has some very strange takes on Bitcoin and Ethereum. Nick used to work at Coinbase which explains a lot.
Comparing marketcap after 4 years is stupid because Bitcoin came from 0. Ethereum started with a shady ICO and (ab)used Bitcoin's name to give it value.
The entire narrative then was "Ethereum is Bitcoin 2.0" these takes were actively promoted by investors & founders abusing Bitcoin's brand.
Using txns/day for 2 completely different projects makes no sense. Bitcoin is for payments/wealth transfer. Ethereum to send cryptokitties.
That's a shitty theory.
1. A lot of Bitcoiners don't want anything to do with Ethereum or other shitcoins, they would never buy anything like that since they consider it unethical to support it.
2. Others Bitcoiners (like myself) use shitcoins like Ethereum to make more Bitcoin.
Read 10 tweets
13 Sep 18
As a monetary Bitcoin maximalist (trade shitcoins to make more BTC) it's interesting to see both sides. Ofc $ETH isn't going to 0 yet. There's too much money behind it. It'll pump again. Will it ever reach its ATH again vs BTC? Doubtful. Will it reach ATH vs USD? Depends on BTC.
Very few coins die just like that as long as there is a decent exchange supporting it and there are some people working on it. Look at all those old coins that are still alive. Accumulate, pump, distribute/dump.
$ETH is interesting though, many people claim that there is a lot of dev activity on $ETH however most of that activity is actually by companies/projects which work on tokens/smart contracts. Their reliance/allegiance to ETH is limited since they can switch to another platform.
Read 4 tweets
23 Aug 18
*Trigger warning* Why have the Ripplers become so obsessed with decentralization even though it's a premined centralized altcoin which was so centralized that a part of the history is lost forever? A thread.
A post posted on Ripple.com by their CTO who claims Ripple has nothing to do with $XRP, even though it was posted on Ripple.com, described the decentralization aspects of $XRP ripple.com/insights/the-i…
Why the sudden obsession with decentralization? In the past Ripple (sorry $XRP) got added to most exchanges almost immediately since it had a relatively high (top 5) marketcap. Due to more strict regulations and the very real possibility $XRP is a security this stopped happening.
Read 9 tweets

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