It’s far less than one might think. About 100 years, even less in some situations. It’s hard to imagine a world not under the dollar standard, but the truth is, it’s way past due. Reserve currency status does not last forever. Will bitcoin be the next world reserve currency? We Read more…
The news from Bloomberg says Russia will eliminate the dollar from its wealth fun. Kremlin seeks to reduce exposure to U.S. assets amid threats of sanctions. https://www.bloomberg.com/news/articles/2021-06-03/russia-cuts-dollar-from-119-billion-wealth-fund-amid-sanctions From Balajis.com As outlined in this series of articles, every country that’s not the USA or PRC will shift to national stacks & Read more…
A Greek-American acquaintance of mine shared this article as if it was an epiphany. https://www.profgalloway.com/threats/ Basically, professor Galloway boils down the threats to America in three general categories: Virgins, e.g. incels grabbing machine guns and killing people. That’s due to the evil dating apps that leave them with their dicks Read more…
I know a lot of people have difficulty thinking about prices in Bitcoin, or Satoshis even. For one, it hasn’t stabilized yet, so that’s a main issue. As for changing currency, it’s no different than using a different currency in another country. You go to England, you use British Pounds. Read more…
After reading the Bitcoin Standard, the part that shook me the most was the following realisation: Hard money makes wars inefficient, whereas soft money makes them bloody and endless. If anything, the takeaway from every thing Seifedean Ammous says should be the following. I’m using a thread reader app to Read more…