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Lol yeah this is such a shallow assessment.
Over the past 7 years, Bitcoin has dropped more than 50% FIVE TIMES.
Yeah, but it's also been up over every single 4 year period.
Fwiw, he's at least right that treating bitcoin as a way to make more fiat is a bad idea , haha
I think it is important to see these kind of findings once in a while. To keep our perspective in check. People still dont realize that it is still very early. But no matter what, bitcoin is 1sat=1sat.
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0 sats \ 5 replies \ @kepford 8h
Its truly amazing to me how people can grow up in a capitalist system and still seemly not understand markets and prices. Its really wild to see.
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20 sats \ 4 replies \ @kepford 8h
You know... they took economics at university like I did. Complete nonsense. That has to be it.
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65 sats \ 3 replies \ @Satosora 8h
I think that economics base is very important, though. If you didnt have it, would you be able to see the difference between fiat and bitcoin? It gives you a solid base on which to form your own thoughts.
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20 sats \ 2 replies \ @kepford 7h
Ha, I should be clear. They took modern Keynesian econ. When I discovered Mises and Rothbard through Ron Paul, Tom Woods, and Bob Murphy economics began to make sense.
If everyone one just read Economics in One Lesson it would correct so many false ideas propagated in culture.
Economics is very important. What I learned in college was bullshit. I thought it was at the time but didn't have a good alternative until finding alternative schools of thought.
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Throwing back to this post by @pillar
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44 sats \ 0 replies \ @Satosora 7h
Pillar with operation saylor....amazing. And actually publishing the results month in and month out. He does good work!
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