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"#Bitcoin has no relation to anything. It's a tiny thing that gets disproportionate attention," says Ray Dalio on #crypto. "The value of $BTC is less than 1/3 of $MSFT stock. It's not an effective store of wealth. But we are in a world where money as we know it...

1,259,949 Aufrufe • vor 3 Jahren •via X (Twitter)

10 Kommentare

Profilbild von ₿aseload 🍷
₿aseload 🍷vor 3 Jahren

@RayDalio It’s funny how he describes perfectly what Money should be, and yet fail to see that Bitcoin has it all embedded. Nearly there Ray. But you need some help from @saylor to see the light.

Profilbild von Nazim
Nazimvor 3 Jahren

@RayDalio This is why #BABYDOGE will dominate the crypto market 🚀

Profilbild von Malachi ₿.
Malachi ₿.vor 3 Jahren

@RayDalio Dalio proves once again he hasn’t actually studied #bitcoin

Profilbild von Daniel Sempere Pico
Daniel Sempere Picovor 3 Jahren

@RayDalio Ray's appears to be struggling with his speech there. I hope he's not sick.

Profilbild von Moon Lambo
Moon Lambovor 3 Jahren

@RayDalio I don’t even know where to start with this 😐

Profilbild von ₿it⚡️Dov
₿it⚡️Dovvor 3 Jahren

@RayDalio What he describes at the end, I believe the dollar was supposed to be this, Central Banking policy was supposed to do this... Yet, he wants to repeat the same error again trusting a board or something to keep this coin going honest... Guess who got an invite to be on a board?

Profilbild von Alexander Ellefsen⚡️
Alexander Ellefsen⚡️vor 3 Jahren

@RayDalio Love to see it when "what is money" is a theme on mainstream media. The inevitable collapse of the $ is inching ever closer.

Profilbild von Bat Pateman 𝒶𝓀𝒶 PROFITisOPINIOnCASHisFACT
Bat Pateman 𝒶𝓀𝒶 PROFITisOPINIOnCASHisFACTvor 3 Jahren

@RayDalio it has no relation to anything apart from being close to perfectly correlated to M2 and monetary base. Almost trading perfectly correlated with the overall risk sentiment

Profilbild von Sean Doherty ⚡️
Sean Doherty ⚡️vor 3 Jahren

@RayDalio In other words, that's the smartest guy when it comes to a hedge fund? Yikes. Fiat is fraud

Profilbild von tehMoonwalkeR
tehMoonwalkeRvor 3 Jahren

@RayDalio have huge respect for @RayDalio but it's clear he doesn't know much about $BTC and #crypto

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Muneeb Ali said the thing out loud that Bitcoiners think and #Ethereum holders hate. Ethereum shouldn't be the #2 asset in crypto, structurally. His argument isn't tribal. It's game theory: "It's actually not an equilibrium state to have Ethereum as the number two asset, because Ethereum is always going to try and compete with #Bitcoin. They're always going to say: we have this reason or that reason to be better than Bitcoin, and we are also a store of value." And the timing makes it sharper. He pointed at Vitalik now pushing "ETH is a store of value", proof, in his eyes, that the competition never ends. Two assets fighting over the same narrative is permanent friction. His alternative: "A much more equilibrium state for the industry is that the number two asset is a Bitcoin execution layer that cannot survive without Bitcoin, not competing with Bitcoin for store of value, but actually providing a lot of value to Bitcoin... As Bitcoin grows, Bitcoin's execution layer grows. It's like a very healthy alliance." Yes, he builds Stacks, a Bitcoin execution layer. Of course this is his book. But the logic deserves a real answer instead of an eye-roll: an ecosystem where #1 and #2 reinforce each other is more stable than one where they fight over the same story. That's just true. The question is whether markets reward stability or competition. Thirteen years of history says ETH holds the throne. His game theory says the throne itself is the problem.

Michaël van de Poppe

18,450 Aufrufe • vor 9 Stunden

“I'm not a huge hater of the institutions. I wasn't a huge hater of altcoins. These institutional products are just kind of altcoins. People can go make their money. Go do your thing. But it's not Bitcoin. An ETF is not Bitcoin. With these centralized projects, you're not getting the core values of Bitcoin, the control, the censorship resistance, the privacy. You're putting it in a centralized wrapper, and if you put Bitcoin in a centralized wrapper, you lose everything that's good about it. It's not Bitcoin. It's just an affinity marketing thing. It's “Hey, you like Bitcoin, go buy my other project." Just like, "Hey you like bitcoin? Go buy my altcoin." It's not the same thing, and I think in many ways it's a step backwards. I don't hate these people, but they certainly shouldn't be celebrated. It's not forwarding our industry if we do treasury strategies, if we do ETFs, we cheer for BlackRock and Cantor. That's a step backwards. It's not something to be cheerful for. It's not a victory, in my opinion. A victory is having more people have direct ownership of real Bitcoin. We now have millions of people who've been onboarded into this fake paper thing that's a claim on a claim on a claim of something that has Bitcoin in the words, but it's not actually Bitcoin. They are never actually holding a wallet like many of us did back in 2012 where somebody sent us that first dollar and you say, "Wow, this is cool. I didn't need to give my ID and I'm able to control and hold this sound money for the first time." You now have a whole generation of millions of people that don't have that. They have some junk fiat product sitting like sludge on their centralized brokerage account at the centralized clearing firm, traded on a centralized exchange, with a centralized transfer agent, and a centralized custodian, and they have to trust six levels of people on a claim for something that has the word ‘Bitcoin’ in it. It's not a victory. It's not a step forward. I don't think it's something that should be celebrated at all.”

Bruce Fenton

23,882 Aufrufe • vor 11 Monaten