* * * Original: Liu Jiaolian * * *
Readers must still remember the March 19 article "Balaji and Medlock's Million Dollar Bet" ? Balaji, the former chief technology officer of Coinbase, and Medlock, an anonymous netizen on Twitter, bet that Bitcoin will soar to $1 million against the U.S. dollar within 90 days, and the bet is $1 million.
Seeing that 90 days are about to pass, Bitcoin is still hovering leisurely around $30,000, and it doesn't mean to soar into the sky. a man of his words. Two days ago, Balaji fulfilled his promise and threw 1.5 million US dollars, 500,000 more than the original bet!
According to his Twitter, after negotiation, the $1.5 million was arranged as follows: the first $500,000 (actually 16.55 bitcoins) was donated to Bitcoin core developers through Chaincode (chain proof: bit.ly/core500k ); The second $500,000 (USDC) was donated to the charity project Give Directly (proof on the chain: bit.ly/gived500k ); the third $500,000 (USDC) was directly sent to the winner Medlock (proof on the chain: bit.ly/med500k).
It really is: a true hero with aspirations for thousands of miles, a man with a big heart!
While announcing the matter, Balaji wrote:
"I just burned a million dollars to tell you they're printing trillions of dollars.
"but why?
"Well, I'm not a trader, I'm not John McAfee, and I don't have a habit of publicly burning $1 million. The reason I do this is because I do believe in the public heart, but unfortunately, we can no longer rely on the public sector to Let us know when something goes wrong.
"After all, Yellen knew the 2008 crisis was coming, but didn't sound the alarm. Bernanke told us on April 10, 2008, that it would be a 'mild recession', but 158 days later the world economy collapsed ... Powell has been saying today that we can still have a "soft landing".
"So I'm using my own money to send a costly signal that the economy is in trouble and that there won't be a 'soft landing' as Powell promised - but worse.
"Months, years, decades or centuries?
If trading, premature is wrong.
But if you keep preparing, it will be too late to see the truth.
So I don't care much about timing.
It's right to do something like this early.
“In other words, when did the fiat currency crisis start?
Timing is notoriously difficult to determine.
The Bear Singer was arguably wrong for 15 years.
Until they were so right about inflation.
“Personally, I think there is a 10% chance that the U.S. will default within a few months, a 70% chance within a few years, a 19% chance within a few decades, and a 1% chance that it lasts several centuries—whether this default is explicit (through something like the debt ceiling) or more likely implicit (by printing money).
"But 10% is already high.
Then again, just because of the debt ceiling issue...
Larry Summers sees a 2-3% drop in a few months.
The market sees it at an all-time high of 149 basis points.
Even the editors of The Washington Post said it was high.
"So: how far is the default?
Are there months, years, decades, or centuries to go of U.S. sovereign default?
"I'm very interested in your point of view."
* * * Produced by Liu Jiaolian * * *
Sponsoring the teaching chain, sharing beauty and beauty
(The annual fee system is equivalent to 1.6 yuan/day)
Lesson: Liu Jiaolian Bitcoin Principles Audio Lesson [link]
Book: God Rolls the Dice: A Bitcoin History [link]
List of articles with more than 10,000 views on Liu Jiaolian's official account:
Satoshi Nakamoto's Legendary Treasure (1w+)
Bitcoin has won (4w+)
Is Bitcoin about to suffer a real crash? (1.6w+)
PlanB: The Bitcoin bull market is over. (1.5w+)
Buffett: All Bitcoins are only worth $25. (4w+)
How do big investors with 129,000 bitcoins view bitcoin (1.8w+)
You can't learn the success of SHIB (1.1w+)
(Public account: Liu Jiaolian. Knowledge Planet: Reply to "Planet" from the public account)
(Disclaimer: The content of this article does not constitute any investment advice. Cryptocurrency is a very high-risk product, and there is a risk of zeroing at any time. Please participate carefully and be responsible for yourself.)