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- Discuss the following quote from the Fiat Standard - Introduce the exit value metric. (Episode 22)
- Formalize the success measurement metrics: (Episode 23)
> While many - Final exit value
people would be tempted to exit fiat debt entirely and shift to holding hard - Time in positive exit value
bitcoin savings, the continued existence and wide availability of fiat debt - Percentage of positive exit value against DCA exit value
will offer a strong incentive to borrow fiat and use it to accumulate bitcoin. - Integral of exit value through trapezoidal rule for approximation (https://www.youtube.com/watch?v=1p0NHR5w0Lc)
One of the smartest and most far-seeing analysts of bitcoin, Pierre - Compare the success of Operation Saylor against Operation Pleb (DCA strategy) (Episode 24)
Rochard, had identified this phenomenon as early as 2013, outlining how - Simulate what would have happened (Episode 36)
bitcoin allows investors worldwide to carry out a speculative attack on all
national currencies similar to what George Soros and beneficiaries of low
interest rate lending have been doing to weak national currencies for
decades, with spectacular success. The speculative attack strategy is to
borrow the weak currency, and use the proceeds to buy the stronger
currency. As the borrowing of the weak currency causes an increase in its
supply, selling it to buy the strong currency causes a decrease in demand
for it, and results in the decline of its value next to the stronger currency.
This reduces the value of the loan the attacker owes, and increases the
value of the currency he holds, a highly lucrative combination. With bitcoin
a harder currency than all national currencies, it could serve as the perfect
launchpad for attacks against national currencies. It is a natural evolution
of the interaction between the two forms of money: hard bitcoin is
optimized for appreciating as it is held, while fiat is optimized for devaluing
as it is inflated and lent. The likelihood of speculative attacks casts doubt
on the monetary upgrade scenario discussed above. How long can fiat
survive if people can keep inflating its supply by borrowing it to buy harder
bitcoin? We have never seen a similar situation and it is hard to estimate how this will unfold.
- For episode 6: we got our altitude, now get ready to glide to our destination
- Make a series on the planning behind Operation Saylor
- On why it makes sense to borrow in weak currency to buy strong assets
- On the simulation of it
- On why it's not such a big deal. People take crazy loans to buy houses, acquire cars and pay for weddings.
Buying a hard asset is unlikely to "go to zero", and it's rather more probable to simply lose a small % of the
total value.
- Show the simulation notebook
- On orange pilling friends and family
- Compare the decentralized nature of marijuana production and consumption
- Talk about the V for Vendetta movie, perhaps Matrix as well?
- Present my crazy idea on tipping sats on students

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