TIL Proton exists today thanks to bitcoiners’ generosity
Bitcoin poised to become a major political wedge
@NickSchamp @guenter_thomas @BelgiumOptimist I think investing in bitcoin is prudent and conservative. Stuur de belastingsdienst misschien deze krantenkop:
Like clockwork, the long-term resistance levels on this chart have crystallized around every 3x move. If that continues, next resistance for bitcoin will be at 540 times the CRB Index (= another +50% from here).
It makes sense for an investor to look at bitcoin as home owners insurance for his financial house. Now, if the kitchen's already caught fire, it makes sense to start paying a much higher premium.
Like clockwork, the long-term resistance levels on this chart have crystallized, around every 3x move. If that continues, next resistance for bitcoin will be at 540 times the CRB Index (= another +50% from here).
Tuur Demeester's post references a 2016 chart showing countries like Argentina and the Netherlands are "bail-in ready," a term tied to the 2014 EU Bank Recovery and Resolution Directive, which allows banks to confiscate depositor funds during crises, a policy validated by the 2013 Cyprus bail-in where €8 billion was seized from accounts.
The mention of "controlled defaults" aligns with historical precedents like Argentina's 2002 default on $1 billion to the World Bank, and recent web data suggests regulators may preemptively restructure national debts to avoid chaos, a strategy supported by a 2021 IMF study showing orderly defaults reduce economic fallout by 30% compared to abrupt collapses.
Demeester’s focus on Bitcoin as a hedge against such financial instability echoes his 2012 analysis when BTC was $5, gaining traction as institutional interest grows, with Coatue’s Philippe Laffont managing $54 billion now considering it a portfolio staple, per a 2025 CNBC report.
@BTC_broo Yep, important number. Gradually - then suddenly.
Midjourney video is here. Experimented on some bitcoin hardware concept art:
Nvidia is the only stock in the world that has outperformed bitcoin on a +10-year timeframe.
Bitcoin fixes the money, and thus represents a force to change the world. But in which direction should it be applied?
What's worse: Calling Ethereum a scam and being scorned for it, or preaching crypto "tolerance" and standing by while peoples' savings melt away from one of the biggest financial rugpulls of our time? I think, the latter.
Labor seems cheap under a bitcoin standard, because it is technology that makes saving easy and efficient. As a side effect, the pursuit of greatness becomes a lot more achievable.
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