Recent content by Arden

I mentioned Lyn Alden, she takes it one step further. Alden argues that money is ultimately an accounting system; a ledger that tracks who owes what to whom. In primitive economies, this ledger was mental or social (“I gave you a goat, you owe me a favor”). With the rise of markets, that...

Since we are on the topic, going to throw this out there: https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG83QBJ6 Strong recommend. One of the best non-fiction books ive read in years. You don’t have to like BTC to enjoy it, either.

Going to say this one last thing. Happy to continue the conversation after this, but i think we should move it to the crypto thread: The idea that “Bitcoin can be restricted by governments” is true, but it’s even more true of fiat, because fiat doesn’t exist without government permission in the...

Double post

Played PF1 extensively and every version of dnd out there. Was thinking of trying PF2 myself and watched this. Found it pretty damn insightful

Ok so it sounds like our real argument is: I think BTC is sovereign resistant but not sovereign immune, and that it doesn't need to be immune to be a better currency than fiat. You think it's not sovereign resistant, and therefore it's not better than fiat. Fair?

Going to stop you right there. That's not my quote and that's not what I mean. Go back and look again. Stop changing the words in my quote lol. Dick move. Here you go, my original quote: "Because bitcoin is decentralized, it is largely beyond the reach of government manipulation." See the...

The whole "but what if the government bans it" argument has been around forever, so it's not surprising to see it, but if you're paying even a little bit of attention to the news it has never been less relevant

Don't want to get into a retarded argument, but fwiw I'm not shifting goal posts. Look back at what I said- I said BTC was "largely beyond the reach of government manipulation." What I mean is (unlike fiat), BTC is immune to a lot of the fuckery that governments can do with the fiat-based...

If your argument is that the US government is powerful enough to make pretty much any store of value useless if they want to- sure i 💯 agree. What i meant when i said it was largely beyond the reach of govt manipulation was that it records every transaction on an immutable public ledger that...

The Bitcoin blockchain is maintained by tens of thousands of nodes in more than 100 countries. It doesn’t depend on Coinbase (or any single company) to function. Not saying a government couldn't disrupt btc price action or prevent certain people from accessing their btc, but the likelihood of...

Because bitcoin is decentralized, it is largely beyond the reach of government manipulation. Because there is a hard-coded finite supply of bitcoin, it can't be inflated. Because bitcoin exists in the electronic medium, it is much easier to move and store than gold. Because of all those...

Think youre missing the point. It *is* decentralized. As far as being detached from fiat currency and the stockmarket, the selling point for BTC is that it seeks to be so. I don't think Satoshi ever suggested it had achieved that goal. Like I said, im sure you could come up with some random...

Ive never seen anyone outside Twitter crypto bot accounts say anything that stupid.

I mean 300x fwd PE is kind of hard to ignore. Just like before, Burry isn't wrong, it's just a question of timing.