My sister in law asked me, recently, “I heard Bitcoin is legal now? Is it a good time to buy?” “Nope.”

So basically a much much much less awesome Cassette Beasts?

Move fast and break th- oh there goes my wealth.

All the reasons mentioned are true, and also I think there could be a more insidious one.

Back in the day, walmarts were really good at showing up in small towns, reducing their prices to a massive loss (unsustainable), drive out the small town’s other retail options, then jack prices back up the moment they become dominant and control the market.

I understand Canada isn’t a small town, but the field of DevOps/Infrastructure engineers with relevant skills that would work in an office in Torronto? Leverage your fictional pile of investment from tether to temporarily take losses on labor to squeeze the market, then dump / downgrade the value of labor as soon as conditions are more favorable.

This is in many ways way the major tech companies do all the time: overhire cynically not because the extra hands have meaningful projects, but precisely because they don’t want upstart competitors from any of the talent.

Is there a secondary market for existing El Salvadorian victims citizens to sell or exchange theirs for a buyer’s fiat slum hole citizenship in return? A true investment in making the world a better place.

The irony is that moment that there is actually a governmental “Federal Crypto Reserve” agency is the moment you know that civilization has already collapsed and you better have been hoarding potatoes.

Checking the pulse on bitcoin, my sister in law asked me the other day, “Hey Bitcoin is going up, should I buy?” “Nope.”