Rabbit Hole Recap MERRY BITCOIN CHRISTMAS | RABBIT HOLE RECAP #337
Dec 26, 2024
The discussion kicks off with Bitcoin's potential as a safe haven amidst shifting monetary policies. Russia's contradictory stance on Bitcoin, both banning mining and using it in foreign trade, takes center stage. El Salvador’s strategic loan agreement with the IMF raises questions about cryptocurrency's empowering role. Tether's investment in Rumble highlights Bitcoin's media influence. The impact of repressive media laws in Malaysia and the importance of self-custody for Bitcoin security are also key topics, blending personal stories with critical insights.
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Bitcoin and Dictators
- Dictators want to use Bitcoin for themselves but control its use by their citizens.
- This creates a game theory where they can't fully ban it but try to control internal use.
Bitcoin's Dual Properties
- Bitcoin's scarcity incentivizes mining, while its decentralized nature allows censorship resistance.
- These two properties are intertwined; you can't have one without the other.
El Salvador's IMF Deal
- Don't overreact to El Salvador's IMF deal; Bukele might leverage it to buy more Bitcoin.
- Question the narrative and consider the potential for strategic plays.
