Mac Budkowski ᵏ
@macbudkowski
Everyday I'm getting more convinced that Balaji might have been right. My conviction is still pretty low (ca. 4-5%) but it started from 1%.
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Mac Budkowski ᵏ
@macbudkowski
"They're the same picture" https://i.imgur.com/kFXiVkV.png
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Dan Romero
@dwr.eth
If they're the same picture, how come the dollar didn't hyperinflate after the first two? :)
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timdaub
@timdaub.eth
how can you tell? In 2008 there was no Bitcoin
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Dan Romero
@dwr.eth
In 2020 there was? First sign of inflation/rat hikes in 2022 Bitcoin fell massively along with other risk assets? Fine to say: "this time it's different", but important to acknowledge Bitcoin has been strongly correlated with risk assets during COVID shut down crash and risk off in 2022.
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timdaub
@timdaub.eth
In a seriously weakened economy, I also don‘t see how Bitcoin is a useful asset to hold unless, of course, our institutions are getting so immensely fucked that it becomes an anti-corruption hedge. But I doubt that‘ll ever happen. I agree that, for now, it is an asset you hold for its future growth.
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