It's no accident #bitcoin rose from the ashes of the Great Recession
Necessity = the mother of invention after all
The money-printing happening today is kindling for a Grand Conflagration
It's the backdraft that will burn the halls of power
I do not like it tbh
👇
What's coming will be painful
As @aantonop states so eloquently, we're witnessing the Separation of Money and State
Someday, our children's children's children will read about this moment in textbooks
They will wonder at the fact that long ago governments controlled their own printing presses... and got to weaponize their currencies against other nations (and even their own people)
They will see that govts got to use money as a quiet tool of injustice (stealing from the poor and cloaking it in the benign-sounding word "inflation")
[Inflation = a wealth transfer mechanism... taking from the poor and giving to the wealthy]
Just like the Separation of Church and State was devastating for the church, the Separation of Money and State will be devastating for the state
But, I'm optimistic that it will create a better future for our children
Governments currently wield too much power over our lives
If their budgets were constrained by the hard reality of an unmanipulable currency
Then they'd be forced to stop spending on things they couldn't afford
They'd be forced to make the hard decisions we've put off for a generation
They'd have less funding for political bs and wars of aggression
They'd have to peel back funding on the "nice to haves" and apply it only to the necessities: health, safety nets, education and infrastructure
What seems imminent is the radical constriction of the political machine
The great ledgers of all the governments around the world will be made right
The debts will come due
The hard decisions will have to be made
And government's prominence and overreach and massive amount of headspace in our lives will retract like a rusty mechanical arm
We have too much government today
They have convinced us that we need them
But what if that's the lie?
What if we can become more self-reliant?
What if we borrow less?
What if we save more?
I should save my breath and not urge governments to buy bitcoin bc I think they're too arrogant and stupid to see beyond the end of their terms
But there is an opportunity for governments to embrace crypto
The greatest trade of them all could be a central bank buying $BTC with its (borrowed) paper wealth
None of us can see the future, but all of us can feel the change
Number go up distracts us from how deadly serious all this is
It's here and it's happening
There will be blood
But on the other side, I believe there will be less govt and more freedom, too
✌️
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How much bigger of a news event can we possibly get? This is the beginning of blockchains becoming the de facto settlement layer for EVERY transaction of any value whatsoever moving forward
More 🙃
2) Crypto is finally breaking up the logjam of middlemen that make the current financial system so f'ing inefficient
There will be blood
3) We're in a race between regulators (I need a code word for them... maybe "gators") trying to shut down crypto and crypto integrating itself so deeply into the financial system that it can never be "disintegrated"
1. I was excited for this project for a lot of reasons... mainly bc I thought they'd incentivize liquidity on Uniswap/sushiswap for 3x tokens. In other words...
I envisioned being able to go to Uniswap and buy 3xYFI bull/bear tokens for example. That would have made it the easiest way in the world to get leverage on just about any asset
2. The dev didn't seem to see Uniswap liquidity as desireable or possible on 3x tokens... I call bs since 3x tokens have been succesfully trading on thorchain's bepswap for months. Synlev had an opportunity to be doing the same on Ethereum instead of Binance Chain