Read_499 - The Bitcoin Black Hole Effect [William Clemente]

Published: Feb. 26, 2021, 2:11 a.m.

b'"If the US Dollar really was to reach an uncontrollable level of inflation, a last move by the Fed may be to do this same trade on a Federal level by printing dollars to acquire Bitcoins to stack on their balance sheet. Only time will tell." - William Clemente III\\n\\nToday we read an excellent piece from bitrawr.com by William Clemente on the various feedback loops that could lead not only to the qualitative loss of trust in the fiat system, but a quantitative pull to earn a near risk-free position in the Bitcoin collateralized lending markets. Edited in part by Preston Pysh who has discussed this idea in greater depth, what happens when multiple feedback loops within the Bitcoin markets converge to make it an increasingly liquid, low risk, high yield asset? It creates a Bitcoin Black Hole.\\n\\nThe Bitcoin Black Hole Effect:\\nhttps://www.bitrawr.com/the-bitcoin-blackhole-effect\\n\\nFor other great articles and episode mentioned in this show, check out the links below:\\nRead 489 - The Cantillon Effect 2.0:\\nhttps://bitcoinaudible.com/?p=5678\\nAsset DNA - Speculative Attack:\\nhttps://bitcoinaudible.com/?p=5714\\nBitcoin is the Great Definancialization:\\nhttps://bitcoinaudible.com/?p=5554\\nThe MacroVoices episode on Interest Rates:\\nhttps://www.macrovoices.com/946-macrovoices-259-louis-vincent-gave-as-inflationista-as-they-come\\n\\nA huge thank you to our amazing sponsors:\\nSwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)\\nBitBox\\xa0- Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)\\nLVL.co\\xa0-\\xa0The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)\\n\\n--- \\n\\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message'