jakiro
With the strong rise in BTC prices, STH (short-term holders) seem to be “ok” again.Most of their positions have also begun to return to profitability.Judging from the perpetual contract fee rate data, as shown in the figure below, in fact, since last year, August 2023, and until now, July 2024, the positive fee rate has basically been maintained, which shows that the market has actually been in a bull market.fact.
Of course, the period when the rate is prominent to the neutral rate (i.e. 0.01% in 8 hours) can be considered as a period when the bull mood is extremely strong.Smart friends may think of short-term surcharge rates at the currency standard, but Jiaolian thinks that if you do this arbitrage in the past (below) with arbitrage, the chances of winning are not large enough. The final outcome is that you will lose if you take the rate.principal.
US presidential candidate Robert Francis Kennedy Jr. (hereinafter referred to as Kennedy Jr.), who has little chance of winning, attended the ongoing “Bitcoin 2024” conference and gave a speech.
During the speech, Kennedy Jr. said:(If I were elected,) I would sign an executive order directing the U.S. Treasury to buy 550 bitcoins a day until the U.S. builds a reserve of at least 4 million bitcoins, and a dominance that other countries cannot usurp.“
This statement even attracted the praise from the well-known Bitcoin developer Jimmy Song:No matter how you think of Little Kennedy, he did a lot of homework.It is awe-inspiring to see that he can learn so much in just one year.“
However, some netizens poured cold water on the comment section and said:It’s a pity that he has no chance of winning at all.“
Some netizens also disagree with this pessimistic argument:If everyone who says he has no chance of winning stops saying that he has no chance of winning and instead goes to vote for him, he will have more chance of winning.“
Jiao Lian appreciates the attitude of a netizen.Politics is a game that caters to ideas.Many things that people think are indestructible are actually products of ideas.From families and companies to society and country, they are actually the concept of a group of people.If most people’s ideas change, these things will change in minutes.
Concept, in the field of encryption, is called consensus, in the field of politics, and in the field of history, it is called “water can carry a boat, but can also overturn the boat.”
No matter how dictator, no matter how powerful a violent machine, no matter how terrifying butcher knives and bombs, they will inevitably be defeated by the general concept of the people.
At this point, this passage from the great mentor Marx is a classic:Of course, critical weapons cannot replace the criticism of weapons. Material power can only be destroyed with material power, but once the theory is mastered by the masses, it will become material power.As long as the theory is convinced, it can grasp the masses; as long as the theory is thorough, it can convince people.“
When the Education Chain talked about “people’s control of capital”, some pessimistic people immediately denied it, insisting that it was impossible.If everyone abandons the concept of impossible, instead asserts their own rights, actively practices and exercises their powers, when every soldier, every civil servant, every employee, every farmer, every teacher, every student,Every father, every mother… When everyone in a country thinks and does this, they will naturally be able to do it.
Just like the halving of BTC, the total amount of 21 million, from the idea in Satoshi Nakamoto’s mind, it became the common idea of dozens or hundreds of early participants, and then to becoming millions or tens of millions of miners., the collective concept of coin holders and ecological participants is becoming increasingly indestructible.
How did this concept become a material force that cannot be destroyed by aircraft carrier nuclear bombs after mastering millions, millions, and even hundreds of millions of people?Through mining machines, computing power and PoW (proof of work).The powerful computing power that is invincible in the world is “criticism of weapons”.The concept of “decentralized currency” conceived and designed by Satoshi Nakamoto is “a weapon of criticism.”
Why can’t BTC “de-PoW” be used, such as following the trend and doing PoS?Because from a philosophical perspective, the mentor has long warned us that critical weapons cannot replace the criticism of weapons, and no matter how clever the design ideas are, they cannot replace the powerful computing power.
Becoming a national reserve is another powerful concept on the development path of BTC.
Whether it is Kennedy Jr. or Trump, it doesn’t matter which specific individual proposes or promotes this concept.
The objective laws of historical development determine that when BTC develops to this stage, it will inevitably lead to the birth and emergence of more and more influential politicians, beginning to promote and promote this concept.
In the view of the Education Chain, this is all inevitable for historical development.
From this point of view, it doesn’t matter whether Kennedy Jr. has a chance to win, and we don’t need to care or worry.
Importantly, when a politician begins to promote this concept, it means that this concept has gained recognition from a considerable number of people.
So game theory can tell us with certainty that this will surely prompt more politicians to move closer to this concept.
When a country begins to include BTC in national reserves as an element of national strategic competition, it will inevitably arouse other countries’ vigilance, assessment, reflection and follow-up.
After all, if you are not careful in international competition and civilized survival, you will lose everything if you take a nap. If you suffer a hundred years of shame.No one dares to underestimate it.
What kind of concept will surely be deeply rooted in people’s hearts and become the choice of history?The tutor has already explained very clearly: if you can convince people, you can control the masses.What does it look like to convince people?thorough.
Is BTC thorough?thorough.
Along the way, countless people with ulterior motives and want to sell altcoins always like to label BTC people as “maximum ideology” and discredit them as “extreme”, “uncompromising”, “closed”, and “no”tolerate”.All these hats, smears, criticisms and abuses are actually supreme glory and medals!
It is precisely because of the “complete” revolutionary nature of the BTC community and the uncompromising spirit that it can constantly convince people, and then master hundreds of millions of global people and become the most powerful.The material power of the body transforms into a weapon criticism, overcomes the test of life and death, crushes the mantis arm of the car, and finally wins the victory of the monetary revolution.
