I'd be very, very, VERY careful dabbling in the "#Bitcoin is ESG" narrative and trigger-happily nailing your colors to the mast.
this narrative is absolutely true and will win out in the long run, but because bitcoin supports freedom, not because it supports audits 🙄
this narrative is absolutely true and will win out in the long run, but because bitcoin supports freedom, not because it supports audits 🙄
if you think capital allocators are going to give the slightest shit about greenwashing in the midst of a stagflationary bond market collapse, then I'm sorry to be the one to tell you this, but you have been hoodwunk by ur-racoons, to happily borrow an @EpsilonTheory-ism.
"ESG" box-ticking is peak Cantillon.
in fact, it's Lenz's Law of Capitalism. it's not the horse you want to back, even from the most cynically capital markets-minded perspective you can imagine, *provided* you are sufficiently long-termist in outlook.
allenfarrington.medium.com/lenzs-law-of-c…
in fact, it's Lenz's Law of Capitalism. it's not the horse you want to back, even from the most cynically capital markets-minded perspective you can imagine, *provided* you are sufficiently long-termist in outlook.
allenfarrington.medium.com/lenzs-law-of-c…
hilarious - if not totally obvious and natural - that once again this is all it takes to properly understand and best interact with #bitcoin.
*be humble and think long term*
that's it. all else follows 😊
*be humble and think long term*
that's it. all else follows 😊
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