96 lines
6.1 KiB
Markdown
96 lines
6.1 KiB
Markdown
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# Operation Saylor - Episode 9/120
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Hi again and welcome to another episode of the Operation Saylor. This is update number 9, corresponding to March
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2023.
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If you are reading this for first time, you might want to check [Episode 1](https://stacker.news/items/47539), where my
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plan and details are explained. That will get you in context.
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---
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## Stats
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- BTC stack: 1.4692 BTC
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- € stack: 70.40 €
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- Current total value in €: 38,735.34 €
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- € into BTC: 30,000 €
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- Paid back to bank: 2,929.60 € ***
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- Outstanding debt: 41,014.73 €
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- Installments to go: 112
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## Charts
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[](https://postimg.cc/GHWqLK58)
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[](https://postimg.cc/qzh1HSjH)
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---
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## Log
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Another month drops by, a few banks are gone. March has definitely been an exciting month in terms of fiat crumbling.
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And we still have a few days left, so we might need a bit more popcorn to get till the end of the show.
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A few days ago I was discussing the whole shitshow with a bitcoiner friend of mine. She said she was enjoying it and
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was excited to see more banks being hit by bank runs and the common public suddenly coming to understand that fiat
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money isn't much more than words written with smoke.
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As much as I fully understood her excitement (and I share it to some degree), I couldn't help but feel like Ben
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Rickert in The Big Short as he headsout of the Vegas casino with his mentees. "Just don't fucking dance". I see a lot
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of Bitcoiners rooting for a hardcore collapse of the fiat system that suddenly slingshots us into a forced
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hyperbitcoinization. I find this worrying and a sign of ignorance, teenager like euphoria and short-sightedness.
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I think the consequences of a break-neck paced hyperbitcoinization would be terrible. Obviously, hodlers would see
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their networth skyrocket in the blink of an eye. But what would be the price to pay? Who's better off: the average
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Joe of the current fiat system, or the richest man in Mad Max land?
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I state the previous question assuming a sudden switch from the fiat standard to the bitcoin standard would have
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apocalyptic effects on today's economy. Humans and other things that exist in meatspace, unlike software, data and
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things that appear on screens, take time to change and can only adapt so fast to change. Picture our economy like a
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natural ecosystem. Full of individual components that interact with each other in complex and hard to predict ways.
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The cantillionares in the system would be this kind of parasite that is plugged into every living creature in this
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ecosystem, corrupting and weakining everything it touches. Nevertheless, it is a part of this natural
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ecosystem. It has placed itself in a central position, where it sucks life from many places and pukes it back into
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others, taking a cut for its own benefit in the process. Even if it's a net negative for the overall health of the
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ecosystem, it has become part of it. Somekind of an evil backbone.
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What would happen if you cut all its tentacles swiftly? How many parts of the ecosystem would die without it? How long
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would it take to have nature heal itself into its old glory? Coming back to real world terminology: how would our
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complex supply chains keep the lights on if many banks fail in a month? How many people would stop working in the
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face of not receiving their paychecks? How many suppliers would remove to send good to their customers without
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receiving payments first? How many treasuries would suddenly vanish into the vod? How big of chunk of international
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trade would come to a halt in the confusion that would derive from the USD dominance falling apart?
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I think we shouldn't hope for the world to suddenly blow to shit just to see Bitcoin succeed overnight. Let's think
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longterm. Let's think: how can we maintain and take care of all the great technical, social and intellectual
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capital that we have built up to today, while getting rid of the cantillionare tentacles and shifting to a bitcoin
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standard?
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I'll tell you what I'm hoping for: I hope they print. I hope they print like there's not tomorrow. I hope they
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bailout every single bank that shakes a tiny bit. Not because it is the right thing to do, we perfectly know it
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isn't. Instead, I root for the printer because I believe it will do two things: on one hand, it will buy us more
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time. More time to let bitcoin and the great technologies that surround it grow and mature. More time to bring more
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young kids to the world, that will see bitcoin as a force of nature like the sun, since it will have existed "since
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always" for them. More time for bitcoiners to keep on orange pilling all over the world, and specially in those
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places where it's needed the most. More time to make circular economies come to life, creating patches of this
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natural ecosystem that remain free of the cantillionaire monster and will do just fine once it dies. On the other
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hand, uber-printing will through more gas into the fire of inflation, which is one of the great problems that
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bitcoin is trying to solve. This will give everyone even more motivation to jump into the bitcoin wagon.
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That will be it for this month. I wish you the best for the rest of march and I hope you have your popcorn ready.
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---
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## Previous episodes
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- Episode 1: [https://stacker.news/items/47539](https://stacker.news/items/47539)
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- Episode 2: [https://stacker.news/items/61708](https://stacker.news/items/61708)
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- Episode 3: [https://stacker.news/items/71794](https://stacker.news/items/71794)
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- Episode 4: [https://stacker.news/items/83670](https://stacker.news/items/83670)
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- Episode 5: [https://stacker.news/items/98216](https://stacker.news/items/98216)
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- Episode 6: [https://stacker.news/items/111818](https://stacker.news/items/111818)
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- Episode 7: [https://stacker.news/items/124601](https://stacker.news/items/124601)
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- Episode 8: [https://stacker.news/items/140816](https://stacker.news/items/140816)
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*** You might have noticed this amount hasn't changed since episode 8. I made a mistake on episode 8. This month
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figure is fine, and episode 8's should have been 2,563.40€.
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