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Welcome to the 4th epoch.

Pumped for the halving? I sure as fuck am.

It’s an important occasion, marking the next step in bitcoin’s inevitable march to becomming not only the hardest money ever, but the first instantiation of objectively verifiable absolute scarcity that humanity has ever engaged with. As such, each step in this process, and in particular the early ones, are a big deal.

If demand remains constant, and supply is cut, there should be upwards pressure on price. Happy days!

But this is not the only story here.

As many who have engaged with bitcoin have noticed, bitcoin changes you. Of course, as everyone comes at bitcoin from a different perspective, the changes experienced are not uniform, but there are many similarities. …

About

John Vallis

I record conversations with interesting people. Hodl.

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