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I remember thinking in 2012 when it was $100, that if I used my $1000 to buy 10 bitcoins, instead of the silver I was stacking, that I would have a considerable percentage of all there will ever be. Knowing the world population was in the billions, and with my 10 BTC, only 2.1 million people...

And this is why nobody should ever think a national digital ID is a good thing. Even Elon trying to make his Twitter an "everything app" is the dumbest idea when you consider how many people lose their accounts every day. Imagine having your whole personal and financial life on one app.

Let me expand on this just a little bit. Money doesn't need any backing because its just an idea, its a ledger, a way to keep track of value. If you back it with something, you introduce extra variables, and especially counter party risks. If you back money with gold, now you have to wonder...

I call this a feature, not a bug. Anything that is backed by something else creates even more risk because that backing isn't under your control.

I thought I read that the company that Dylan Leclair joined... metaplanet???.... in Japan was down 80%. But I don't know about any of this.

When will US audit the gold? But nobody questions it but it just goes on. They also don't audit the Pentagon, even though they keep losing money. If you want a full audit, buy Bitcoin.

In this amount of time, their entire BTC holdings might already cover all the USD that is outstanding! LOL... You're not wrong about the commercial paper, I give you that. I too remember reading that none of the big players ever came across their trades crossing with Tether. And so I think...

What you describe is actually the most legit example that I have come across of anyone who considers the education route. The change though that I think would be valid is that it likely takes only 1 month to cover everything that can be shared (this is assuming there is no high level math)...

Just curious to ask if there is still a video in the works like you suggested the other day?

You had about 120 BTC.. correct? At $65k, that is $7.8M. So yes, you've done better. But how many people would have been able to repeat this and put in all the work that you did? I know its all hindsight, but 99 out of 100 people would have been better off holding the bitcoin.

And how long will this go on for? I think its clear now that major cracks are appearing, and nobody knows what to do about it.

I like how after jumping on the FUD bandwagon, you actually state what could be a likely scenario on the horizon. The fact of the matter is, most people cannot do what you do by trading volatility, but must of us can HODL Bitcoin. In fact, there are likely people out there with more money who...

LOL... I didn't actually know this. Perseverance and stubbornness are two sides of the same coin. Its very hard to know which is at play most of the time.

Ya... headlines not good.

LOL... that's one explanation. Another could be trading family accounts, but I doubt that. If it is a prop firm, I wonder what the payout rules and ratios are. If I made $16k in one day, after already having an amazing week, I'm not sure why I would need a prop firm, and I'd also be worried...

Thanks for the honesty, and especially about the earlier gains you gave back before you started shorting. Out of curiosity, why are you having your trades go to 5 different accounts? Does this mean that each time you enter 1 contract you are actually trading 5 in total?

Ok.. now do an M2 money supply chart and you tell me where the ponzi is!!!

Stablecoins are now critically important to the survival of the US dollar. Its all over the damn internet if you listen in to some of the podcasts. Nobody is buying treasuries anymore, but these stablecoin issuers are soaking them up. There are many countries that need access to dollars and...

Yes, he tried to explain every trade and the reason for it. Maybe he didn't have time to do this all the time, but it was the general idea. Sometimes he would share the chart to show the setup, but this was all before the youtube channel. I wasn't really watching anymore when he started...

How much do you think it should cost to maintain the hardest form of money ever created? If you want decentralization, that comes at a price. If you want to ensure that nobody can change the transaction history, that also has a price. If you want it to remain permissionless, that doesn't come...