Episode 9

evangelism/episodes/episode_9.md

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+# Operation Saylor - Episode 9/120
+
+Hi again and welcome to another episode of the Operation Saylor. This is update number 9, corresponding to March
+2023.
+
+If you are reading this for first time, you might want to check [Episode 1](https://stacker.news/items/47539), where my
+plan and details are explained. That will get you in context.
+
+---
+
+## Stats
+
+- BTC stack: 1.4692 BTC
+- € stack: 70.40 €
+- Current total value in €: 38,735.34 €
+- € into BTC: 30,000 €
+- Paid back to bank: 2,929.60 € ***
+- Outstanding debt: 41,014.73 €
+- Installments to go: 112
+
+## Charts
+
+[![episode-9-stack-value-vs-debt.png](https://i.postimg.cc/3xR6ZbjB/episode-9-stack-value-vs-debt.png)](https://postimg.cc/GHWqLK58)
+
+[![episode-9-bitcoin-stack.png](https://i.postimg.cc/Dy5HLKG0/episode-9-bitcoin-stack.png)](https://postimg.cc/qzh1HSjH)
+
+---
+
+## Log
+
+Another month drops by, a few banks are gone. March has definitely been an exciting month in terms of fiat crumbling.
+And we still have a few days left, so we might need a bit more popcorn to get till the end of the show.
+
+A few days ago I was discussing the whole shitshow with a bitcoiner friend of mine. She said she was enjoying it and 
+was excited to see more banks being hit by bank runs and the common public suddenly coming to understand that fiat 
+money isn't much more than words written with smoke.
+
+As much as I fully understood her excitement (and I share it to some degree), I couldn't help but feel like Ben 
+Rickert in The Big Short as he headsout of the Vegas casino with his mentees. "Just don't fucking dance". I see a lot 
+of Bitcoiners rooting for a hardcore collapse of the fiat system that suddenly slingshots us into a forced 
+hyperbitcoinization. I find this worrying and a sign of ignorance, teenager like euphoria and short-sightedness. 
+
+I think the consequences of a break-neck paced hyperbitcoinization would be terrible. Obviously, hodlers would see 
+their networth skyrocket in the blink of an eye. But what would be the price to pay? Who's better off: the average 
+Joe of the current fiat system, or the richest man in Mad Max land?
+
+I state the previous question assuming a sudden switch from the fiat standard to the bitcoin standard would have 
+apocalyptic effects on today's economy. Humans and other things that exist in meatspace, unlike software, data and 
+things that appear on screens, take time to change and can only adapt so fast to change. Picture our economy like a 
+natural ecosystem. Full of individual components that interact with each other in complex and hard to predict ways. 
+The cantillionares in the system would be this kind of parasite that is plugged into every living creature in this 
+ecosystem, corrupting and weakining everything it touches. Nevertheless, it is a part of this natural 
+ecosystem. It has placed itself in a central position, where it sucks life from many places and pukes it back into 
+others, taking a cut for its own benefit in the process. Even if it's a net negative for the overall health of the 
+ecosystem, it has become part of it. Somekind of an evil backbone.
+
+What would happen if you cut all its tentacles swiftly? How many parts of the ecosystem would die without it? How long 
+would it take to have nature heal itself into its old glory? Coming back to real world terminology: how would our 
+complex supply chains keep the lights on if many banks fail in a month? How many people would stop working in the 
+face of not receiving their paychecks? How many suppliers would remove to send good to their customers without 
+receiving payments first? How many treasuries would suddenly vanish into the vod? How big of chunk of international 
+trade would come to a halt in the confusion that would derive from the USD dominance falling apart?
+
+I think we shouldn't hope for the world to suddenly blow to shit just to see Bitcoin succeed overnight. Let's think 
+longterm. Let's think: how can we maintain and take care of all the great technical, social and intellectual 
+capital that we have built up to today, while getting rid of the cantillionare tentacles and shifting to a bitcoin 
+standard?
+
+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 
+bailout every single bank that shakes a tiny bit. Not because it is the right thing to do, we perfectly know it 
+isn't. Instead, I root for the printer because I believe it will do two things: on one hand, it will buy us more 
+time. More time to let bitcoin and the great technologies that surround it grow and mature. More time to bring more 
+young kids to the world, that will see bitcoin as a force of nature like the sun, since it will have existed "since 
+always" for them. More time for bitcoiners to keep on orange pilling all over the world, and specially in those 
+places where it's needed the most. More time to make circular economies come to life, creating patches of this 
+natural ecosystem that remain free of the cantillionaire monster and will do just fine once it dies. On the other 
+hand, uber-printing will through more gas into the fire of inflation, which is one of the great problems that 
+bitcoin is trying to solve. This will give everyone even more motivation to jump into the bitcoin wagon.
+
+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.
+
+---
+
+## Previous episodes
+
+- Episode 1: [https://stacker.news/items/47539](https://stacker.news/items/47539)
+- Episode 2: [https://stacker.news/items/61708](https://stacker.news/items/61708)
+- Episode 3: [https://stacker.news/items/71794](https://stacker.news/items/71794)
+- Episode 4: [https://stacker.news/items/83670](https://stacker.news/items/83670)
+- Episode 5: [https://stacker.news/items/98216](https://stacker.news/items/98216)
+- Episode 6: [https://stacker.news/items/111818](https://stacker.news/items/111818)
+- Episode 7: [https://stacker.news/items/124601](https://stacker.news/items/124601)
+- Episode 8: [https://stacker.news/items/140816](https://stacker.news/items/140816)
+
+*** You might have noticed this amount hasn't changed since episode 8. I made a mistake on episode 8. This month 
+figure is fine, and episode 8's should have been 2,563.40€.