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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Syed Shah🏴☠️🌊
@syed
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¢
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Dan Romero
@dwr.eth
What would happen to BTC if all the US on/off ramps lost access to fiat?
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Syed Shah🏴☠️🌊
@syed
That to me is the single most interesting part of the bet Balaji made. The assumption is that it would collapse. But there is a world where people get more desperate to get on-boarded. Because the US has shown weakness by acknowledging it as a threat. Now it’s not the off-ramp that shrunk but the on-ramp. Btc=a milli
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Dan Romero
@dwr.eth
So if US banking rails were permanently cut tonight, do you think the price of Bitcoin is higher or lower one month later?
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Syed Shah🏴☠️🌊
@syed
Hmm the how is as important as the when. Like how the narrative is presented. But one month after that point? Higher. People have way too much trust in the banking system. These clowns are more degen than in 2008 not less I suspect. Postmortem will prob confirm. It’s depression or hyperinflation. Fed shows hand Wed.
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Syed Shah🏴☠️🌊
@syed
But Fed could surprise and show they’re serious about inflation and money supply and then it’s a more interesting fight/debate. Idk it’s all soo…could go either way. But fck it I’ll lock that in as my final answer.
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