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Given that you said you read books and have been asking questions, I'm surprised. When you actually do the 100 hours of research, you're amazed at how the system can absolutely fix and replace what we currently have. The reason why bitcoin is inflationary is that each block that is mined gives...

Bitcoin is not fixed supply, it is inflating, but its inflating at a predictable amount that will lessen over time. Yes, our economy is based on debt. And for debt to work, you always need to increase the money supply because as you say, there needs to be more money to pay back old debt. But...

This is a mess that started very long ago, and many people say in 1971 when the power to print was essentially given the green light. Debt bubble, asset bubble, inflation, they all have the same root causes, which is corrupt money system. The Fed is at the centre of all of this is well. So it...

Didn't CZ say at one point that he was going to take months to unwind the FTT position in order to not cause market chaos? It was said after the earlier tweet about selling, so maybe it was in response to some legal advice, but it would be interesting to know how much he sold and how much...

The thing though is that during this time, we dropped rates to nothing and did QE. Now, rates are much higher, and they are doing QT. You said in the other thread that you think the market has already priced all this in. But I hardly see how this could be so when it isn't really that much...

Have you seen how much money is in these funds? Its minuscule compared to how much they are actually protecting. But listen, we don't need to argue about this. Its super easy to make everyone whole when the government has a printing press. But of course the problem is that everyone else has...

I just don't understand how you can say I'm an idiot while at the same time completely not seeing your own inconsistencies in your reply. You say we can't go a week without getting scammed, and start with stating that cold storage has no utility. How about the utility of not getting scammed...

Did I read somewhere that it's a multisig address so much safer?? I wonder if this is bullish or bearish. I think the last thing we want is a big whale that can dump one day, but on the other hand, it they are scooping up supply for long term, it limits what is available. Just finding out...

Although I do agree that the market can keep going higher and what happened we can just call a correction, I just don't see how where we are now doesn't affect the economy is a very negative way. Interest rates are just beginning to hit people hard. I know lots who have mortgage payments go up...

You're welcome and I'm appreciate of all the knowledge you share. Your FTT short was epic, and I'm shocked by how much you actually made on this trade. In hindsight, it made perfect sense, and reading so many posts on this situation now, there were plenty of clues and plenty of time to get...

John, I found this post extremely interesting... This is the sort of stuff that I really think about. It appears as if 80k btc should have been purchased by FTX since this is what customers thought they had. But instead, it looks like FTX just took the money, and didn't actually have...

I had to give you a like for this... very perceptive and funny at the same time!

I honestly have no idea what you are trying to say. Yes, if your life savings what on FTX, then its gone. And if your life savings is in cold storage, then what exactly have you lost? Your analogy of the bunker makes no sense because you can always leave the bunker. You can have a software...

Proof of reserves just means someone has the money, but it doesn't mean any of it will come back to you when you want it.

As obvious as it is now that this was a huge con, I'm happier dealing with this than the con the government has been running for centuries and the central banks for 100 years. People will learn to self custody crypto, and if we do move in this direction, government won't be able to fleece the...

I never lost any money, other than the drop in price. Most of my small crypto holdings are in cold storage. Your arguments are just as dumb. You're not addressing my points at all. All the millions in your brokerage are only there as long as the system works. I'm not saying you need to...

Found it!

From what I saw and read, the pivot was that they are going to be more aggressive, not less. I saw an excellent analysis posted here a few days ago from some fund manager that pointed this out. Have to find it because I think it was spot on, and very bearish going forward.

Furthermore, it's not too difficult to regulate a system where if someone fucks up, more money can just be printed to plug the hole. Women have taken advantage of this as well. They fuck whoever they want and sometimes get pregnant. If he is rich, they have the baby and cash in. If he is...

Agreed. But at least the system won't be designed to screw them. With central banks running the show, it's an impossible system to make work for many people.