drgo on Nostr: Brilliant. Just don’t forget, they provide the red carpet but they can also pull on ...
Brilliant.
Just don’t forget, they provide the red carpet but they can also pull on the rug…at least temporarily!
The whole goal of easy money is to get people to make wise decisions and then turn them in to bad decisions after the fact and have those people 1) feel bad/guilty about their decision and feel responsible for outcome and 2) get others to view them as greedy…this way people don’t riot over the rug pull.
But the reality is they want to take your stuff on the cheap. And they can do this first by inflation and then by deflation.
So long as you own & carefully / competently custody bitcoin, there is a floor to how far you can fall. This option is something they’ve never gone up against before. And when they realize it, they’re gonna freak…
Just don’t forget, they provide the red carpet but they can also pull on the rug…at least temporarily!
The whole goal of easy money is to get people to make wise decisions and then turn them in to bad decisions after the fact and have those people 1) feel bad/guilty about their decision and feel responsible for outcome and 2) get others to view them as greedy…this way people don’t riot over the rug pull.
But the reality is they want to take your stuff on the cheap. And they can do this first by inflation and then by deflation.
So long as you own & carefully / competently custody bitcoin, there is a floor to how far you can fall. This option is something they’ve never gone up against before. And when they realize it, they’re gonna freak…