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❤️ Pre-coiner takes. COVID19 is bringing pre-coiners toward the endgame.
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But this is bad. The PE firms should NOT get to socialize the costs of their profiteering in better times with no consequences during public service periods. I think the government should get equity for bailout even if the owners lose control. Indirect partial nationalization.
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I don’t think you did, or you’d be in a much stronger position than your tweets suggest. It’s one thing to vaguely expect the apocalypse. It’s another thing to call it precisely enough to profit. If you didn’t pull that off, you were just as surprised as anyone.
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2/3 of the people in the world are always expecting end times and when bad things happen, feel validated. Only like 1% make meaningfully prescient moves that demonstrate actual insight. The rest is just ideological posturing with 20-20 hindsight.
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I didn't mean to suggest I predicted the pandemic, but my response throughout has been stoic. I just meant that the money printing to me looks like business as usual, and it is now more apparent to everyone. My approach has remained constant: make money while bitcoin is cheap.
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Ie you’re an expert on composites, who bought some cheap bitcoin and eats a lot of beef. Your “endgame” thoughts are on par with anyone else’s since coiner status is irrelevant. FWIW I do hold some crypto bought cheap. I don’t see it as relevant to my prognostications right now.
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Perhaps endgame was the wrong word. I meant the eventuality of hyperbitcoinization. If we are talking about taking action in the prediction of extreme events, I will have done so. Having crypto != holding as a bitcoin maximalist. (I consider any price under $1m very cheap)
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My only intended comment was that current events (including money go brrr meme) increase public awareness about the financial system. My claim is that there are n-steps to become a bitcoin maximalist, we are all heading there, and we just knocked out a few steps.
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