I have a different take on bitcoin, tether, and dollars

Can also speak with authority on nation state violence

"Nothing makes you feel more free than taking another person's freedom"

@coloradotravis and @profplum99 concerns with tether, bitcoin, and decentralization make sense yet I remain long BTC

They are correct on force, I worked in decentralized societies, they are dangerous because the state does not have a monopoly on violence
For those in the first world who have never seen a milita ride out of the desert, kill and enslave farmers, and the government cannot stop it because the 21st century slave trade pays better than the UN, the reality of decentralization is might equals right
I know, that isn't the decentralized future Buterin talks about while wearing a t-shirt with a cat fighting space invaders on it (love those shirts)

But we need to be real, disrupting the global centralized economy won't be like Uber putting taxis out of work
It will be war and faminine level disruption as old empires come alive again

For decentralization to rise the centralized global power of the last 70 years (US Hegemony) has to weaken

Yes we will be rich, but as the Big Short says,

"you can be happy, just don't fucking dance"
There is a much larger discussion to be had on old empires coming alive and US Hegemony fading with security of trade across oceans and changing demographics

Piece I wrote is here, but lets stay focused on tether, bitcoin, and dollar for now

https://t.co/nT6gw6Xw6v
When I saw Chinese businessmen using tether for cross border payments to circumvent SWIFT, I got it

They are doing what the CCP does best

Using the US's 70 years of geopolitical power, 10 aircraft carrier battle groups, and GDP strength without having to pay for it
Seriously doubt tether is backed

Would be a wasted opportunity by the CCP

CCP doesn't want fair anything, they want to undo the shame of the Opium Wars and treat the West the way we treated them in the 19th century

But don't care, bitcoin could drop to $1k, would just buy more
Bitfinex will doubtfully ever get called on tether, they are the 21st century Chinese equivalent of Sir Francis Drake

Privateers running an unlicensed federal reserve branch printing free dollars with the protection of the CCP and fear their displeasure much more than SDNY AUSAs
Bitcoin investors happened to stumble into geopolitics and are shocked the Great Game is so dirty and grey

Tether and bitcoin are nothing

China kills Indians in the Himalayas to keep India engaged there so its navy does not have funds for defenses at the Strait of Malacca
So not worried about tether, if btc drops, I buy more, trust it more than Fed now

You would too if you graduated in 2007 for the GFC, spent a decade overseas at war while fed and boomers had a party, came back for a pandemic, everything is expensive, and it all feels fake
I just can't get excited about buying Airbnb at 28x EV/S, or using my VA loan on a $800k house

Then I look at https://t.co/j0Jxx4Xsjs, see my cost of living going up 12% a year, and it is frustrating

Makes the whole traditional financial system feel dirty
I would love to have a better option than bitcoin, if I was worth $5 mil, I would have different tools and maybe not be in bitcoin

But I don't, so I just stay long bitcoin, and will go into other investments when I find ones I think are good value and make sense to me
Also, don't want bitcoin to be the new global trade currency

None of us should because the only thing that protects global trade is violence and that requires dudes like me

Think people get confused about security

Bitcoin being secure isn't the same as shipments being secured
Don't want btc to be anything else than it is already

An alternative asset class

I no longer trust the system I grew up loving and gave years of my life defending

It isn't the life I wanted, but I didn't choose it, the Fed did

At least bitcoin lets me not be angry about it
So to wrap up, CCP would disappoint me if they weren't printing fake dollars, doubt audit happens

If btc falls I buy more, trust it more than Fed

Shift from US Hegemony and dollar larger than bitcoin, but don't want to see dollar fall

Look forward to having better options

More from Bitcoin

The #Bitcoin fundamentals of four generations of inflation, entitlements, and regulations are separate and apart from #Bitcoin the technological innovation. If we had sound money there would be little demand for Bitcoin. (1/13)


The notion that gold futures hold down the physical gold price or subjects the gold price to long-term manipulation is a canard. CME gold futures deliveries are settled with warrants meeting exact specifications met by approved refineries, carriers, and warehouses which (2/13)

ensures the integrity of delivery apart from the exchange. https://t.co/CpV1OBSsAT One need look no further than the 1980 Hunt Silver fiasco which illustrates how deliverable futures contracts provide for the discovery of an untapped silver supply resting in people's homes.(3/13)

Not so for Bitcoin. The CME Bakkt Bitcoin contract is for Bakkt Bitcoin. It is not Bitcoin. Bakkt Bitcoin is a cash-settled monthly futures contract. While the Bakkt Bitcoin has geographically storage of private keys, they are not your private keys. (4/13)


Not your keys, not your bitcoin. The Bitcoin Warehouse is an internal ledger The internal ledger operates separate and apart from the Bitcoin blockchain. The only interaction with the public blockchain is during the deposit of bitcoin into the Bakkt Warehouse and the (5/13)

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Rig Ved 1.36.7

To do a Namaskaar or bow before someone means that you are humble or without pride and ego. This means that we politely bow before you since you are better than me. Pranipaat(प्राणीपात) also means the same that we respect you without any vanity.

1/9


Surrendering False pride is Namaskaar. Even in devotion or bhakti we say the same thing. We want to convey to Ishwar that we have nothing to offer but we leave all our pride and offer you ourselves without any pride in our body. You destroy all our evil karma.

2/9

We bow before you so that you assimilate us and make us that capable. Destruction of our evils and surrender is Namaskaar. Therefore we pray same thing before and after any big rituals.

3/9

तं घे॑मि॒त्था न॑म॒स्विन॒ उप॑ स्व॒राज॑मासते ।
होत्रा॑भिर॒ग्निं मनु॑षः॒ समिं॑धते तिति॒र्वांसो॒ अति॒ स्रिधः॑॥

Translation :

नमस्विनः - To bow.

स्वराजम् - Self illuminating.

तम् - His.

घ ईम् - Yours.

इत्था - This way.

उप - Upaasana.

आसते - To do.

स्त्रिधः - For enemies.

4/9

अति तितिर्वांसः - To defeat fast.

मनुषः - Yajman.

होत्राभिः - In seven numbers.

अग्निम् - Agnidev.

समिन्धते - Illuminated on all sides.

Explanation : Yajmans bow(do Namaskaar) before self illuminating Agnidev by making the offerings of Havi.

5/9