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%.

Building @kiwi 
Writing @ https://kanfa.macbudkowski.com/

"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

how can you tell? In 2008 there was no Bitcoin

Founder /kiwi-news, a decentralized Hacker News

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.

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.