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    cjd (cjd@pkteerium.xyz)'s status on Saturday, 24-May-2025 23:26:02 JSTcjdcjd
    in reply to
    • cjd
    • Wolf480pl
    And you're absolutely right that BTC is a big bet, but it's basically betting:

    1. Central banks are too incompetent and uncoordinated to issue a global reserve currency that they don't end up printing away to nothing
    2. Crypto remains a greasy pole and in the crypto-sphere BTC is impossible to dethrone
    3. Gold remains stupid and annoying to move around, protect, or transact in

    So basically it's betting against legacy institutions.

    Also I personally agree with most of Saifdean Ammous's political message, but that's a personal conviction so YMMV...
    In conversationabout 8 days ago from pkteerium.xyzpermalink
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