Eric
1.5K posts

Eric
@ericdss
Investing | Internet Web3 Metaverse
Singapore Katılım Eylül 2009
2.2K Takip Edilen770 Takipçiler
Eric retweetledi

Let’s take flight to the next riddle! ✈️
Hint: It’s a speedy crypto layer.
5 winners will be chosen to win S$200 BTC and a Coinbase Merlion Pudgy!
→ Follow @CoinbaseSG @BaseinSG
→ RT + comment your guess
🔔 Open to existing Coinbase Singapore users. Giveaway ends 12/8/25.

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An international view of the major central bankers and their interaction.
bit.ly/3osEF7E
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View on the Fed with an especially deep profile on Jay Powell.
bit.ly/45vfUIx
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Been catching up on some reading lately..
A fabulously woven tale of chip supply chains, industry players and historical perspective written by @crmiller1
bit.ly/3UDbJWc
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Who can make the best counter argument to @balajis take that the dollar will hyperinflate to zero?
We’re looking for our next guest.
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Here are the remaining references, as Twitter has a limit on the number of links in one post.
I am moving $2M into USDC for the bet. I will do it with Medlock and one other person, sufficient to prove the point. See my next tweet. Everyone else should just go buy Bitcoin, as it'll be much cheaper for you than locking one up for 90 days.
Terms of the bet: ideally someone can set up a smart contract where BTC is worth >$1M in 90 days, then I win. If it's worth less than $1M in 90 days, then the counterparty gets the $1M in USD.
HYPERBITCOINIZATION
We have to define hyperinflation in BTC vs USD terms because all other fiat currencies can and will be inflated away. That is hyperbitcoinization.
This is the moment that the world redenominates on Bitcoin as digital gold, returning to a model much like before the 20th century. What's going to happen is that individuals, then firms, then large funds will buy Bitcoin. Then sovereigns like El Salvador (@nayibbukele) and tiny crypto friendly countries.
The big move will be when a US state like Florida or Texas, or a "normal" country like Estonia, Singapore, Saudi, Hungary, or UAE buys BItcoin. And when @narendramodi tells India's central bank to buy Bitcoin, even as a hedge, it's over.
Why will it be so fast? Well, hyperinflation happens fast. We've seen digital pandemics (COVID), digital riots (BLM), and digital bank runs (SVB). Everything will happen very fast once people check what I'm saying and see that the Federal Reserve has lied about how much money there is in the banks. All dollar holders get destroyed.
The thing is, people are still tuned to an analog world where things get gradually worse rather than all at once. But there isn't much forewarning for a digital event — it's 1 and then it's 0. Just like the bank runs, except this is the central bank.
There are however two sources of forewarning. First is the chart of the long-term depreciation of USD vs BTC, from less than $1 USD per BTC to $25k USD per BTC. Much of the smart money has been voting against the dollar since the financial crisis. The end is a digital drop off a cliff, almost invisible on the chart — but highly visible in the world.
This tweet is the second forewarning. It'll be ignored and mocked by people who still trust the US establishment, even after the last few years. Who can't imagine that the US banks and media could be lying to them to this extent.
But they are. Just as they did in 2008, and over the last ten years. The digital devaluation of the dollar is coming and it's going to be intense.
[9]: Patient on hikes Nov 3 2021: archive.is/thPOu
[10]: Renominated Nov 22 2021: archive.is/NWb25
[11]: Yellen admits not a tech issue: #selection-2467.421-2467.502" target="_blank" rel="nofollow noopener">archive.is/8xzPO#selectio…
[12]: FDIC admits rate rises rekt banks: #selection-2043.19-2047.150" target="_blank" rel="nofollow noopener">archive.is/yxd1u#selectio…
[13]: Presidents don't like hikes: #selection-7099.213-7099.330" target="_blank" rel="nofollow noopener">archive.is/Aiayr#selectio…
[14]: archive.is/ZM2YK

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I will take that bet.
You buy 1 BTC.
I will send $1M USD.
This is ~40:1 odds as 1 BTC is worth ~$26k.
The term is 90 days.
All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation.
If someone knows how to do this with a smart contract, we can do it on chain, so I can send USDC.
If you won't do that, name a custodian.
#BitSignal

James Medlock@jdcmedlock
I'll bet anyone $1 million dollars that the US does not enter hyperinflation
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@marcelolima I’ve read somewhere today that Shopify recognises the issue and is terminating 3PL to do it themselves at some places.
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@EMparadigmshift @jamesjho_ @argentHQ @RampNetwork I’m waiting for a mobile version of Argent X. For the ZKSync wallet it sorely needs to add dapps and assets for swapping. Phantom iOS would be big.
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