
Read_506 – Pumping Iron [Arthur Hayes]
“40 years of this back and forth has resulted in almost $20 trillion in zero- or negative-yield government and corporate debt, the lowest interest rates in the last 5,000 years, and the most amount of
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“40 years of this back and forth has resulted in almost $20 trillion in zero- or negative-yield government and corporate debt, the lowest interest rates in the last 5,000 years, and the most amount of

“As long as there are money printers, there can be no freedom of expression. Money is the tool we use to express value to each other. Whoever controls the money supply controls the world.” –

“We are not going to wait for the future – we want to join in building it as well! I encourage entrepreneurs to reach out to Seetee. The bigger the dream, the more we listen.”<br

“This problem is precisely why all previous attempts of digital cash required a centralized registry. You always had to trust someone to correctly identify the order of things. A centralized party was required to keep

“As a consensus system without central authority, Bitcoin protocol upgrades can be challenging. If one segment of the network upgrades to a new version of the protocol before another segment does, different nodes might enforce

“The most egregious falsehood regarding economic health that is nonetheless widely believed is surely that we ought to measure it by the magnitude of goods and services consumed. This is dangerous nonsense.” – Allen Farrington

“The Internet’s protocol (transmission control protocol/Internet protocol, or TCP/IP) doesn’t offer “services.” It doesn’t make decisions about content. It doesn’t distinguish between photos and text, video and audio. It doesn’t have a list of approved

“If the US Dollar really was to reach an uncontrollable level of inflation, a last move by the Fed may be to do this same trade on a Federal level by printing dollars to acquire

“So far, it seems that when governments try to ban or restrict Bitcoin, it ends up merely accelerating the adoption of the currency inside their countries. Governments that have failed miserably with their Wars on

“Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply

“When we begin to value things in bitcoin, we can find their legitimate value, as bitcoin is the most legitimately-valued money. There are no manipulations of supply, or buybacks, or quantitative easing or laws protecting

“The annual issuance rate with all those annotations kind of looks like it was drawn by a Bitcoiner making fun of Ethereum, but instead that’s from an Ethereum source. Various Ethereum Improvement Proposals or “EIPs”

“Supplying liquidity is an investment, and we need to treat it accordingly. Like lending money or buying stock, investors commit capital for a period and expect a return that increases over time.” – Roy Sheinfeld

“if the representation of reality in this article is correct, the highest and best use of a dollar of debt may simply be to buy bitcoin. Many more individuals and entities will leverage this asymmetry

“I believe Bitcoin is one hell of an invention. To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and

“Perhaps one of the great ironies of the future will be the Solcoin alliance between urbane Terrans and hillbilly belters.” – Dhruv Bansal
Continuing our awesome walk through Dhruv’s excellent Bitcoin Astronomy series we hit

Preparing for the Second Part of Dhruv’s incredible series, today we have a reboot of Part 1!
Equal parts entertaining & intellectually intriguing, we start with Part 1 of Dhruv Bansal’s wonderful piece, Bitcoin Astronomy!

“People aren’t trading bitcoin, they’re accumulating more and more of it over time and holding it long term (aka, “stacking sats“). This is evident not only through the raw on-chain data and exchange flows, but
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