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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"They're the same picture" https://i.imgur.com/kFXiVkV.png

If they're the same picture, how come the dollar didn't hyperinflate after the first two? :)

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Founder /kiwi-news, a decentralized Hacker News

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.

how can you tell? In 2008 there was no Bitcoin

c/acc - 🏴‍☠️🌊 Bring me that Horizon 🍹
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What would happen to BTC if all the US on/off ramps lost access to fiat?

Slowly slowly then all of a sudden. It did, just there was no way to measure before BTC. You can always control Gold metrics and CPI. BTC is credibly neutral third party. To bring btc down you have to do things that make system break. Fed flinched at first sign of weakness and BTC was here to call the bluff. Idk my 2¢

Hmmm. I was reasonably early to the "COVID is going to be a big deal" train (I was in the Balaji group chat), but seems like a very different set of conditions.

I guess we'll just have to find out!

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