Societal Values - A mature pragmatist understands that a virtuous, self-disciplined society maximizes practical freedom [1] - The juvenile libertarian views freedom as anti-social activity [1] Leadership Philosophy - Bukele advocates for "Normas mínimas / Basic rules" (minimum standards/basic rules) [1]

But why are gold prices rising? Because BRICS is stacking gold bricks, and the Russian sanctions eroded the store-of-value function of the dollar.And why did the Fed hike rates and devalue Treasuries? Because inflation was eroding the purchasing power of the dollar. https://t.co/PkkYeWPggWDaniel Di Martino 🇺🇸🇻🇪 (@DanielDiMartino):@balajis This is just the mechanical effect of rising gold prices and reduced US treasury value amid higher interest rates... not that gold holdings and treasury holdings changed m ...

Market Trends - The dollar potentially experienced a near 50% decrease in value [1] - Gold price nearly doubled [1][3] Inflation Analysis - The actual inflation rate is reflected by the rate at which informed investors are moving away from the US dollar and investing in tangible assets [1]

Currency Reserve Status - The dollar's reserve currency status is declining [1] - The dollar now accounts for 42% of global reserves [1] Precious Metals - Gold is experiencing a rapid increase in value [1]

Well… is it good for someone with no experience in allocating capital to suddenly be put in charge of allocating billions?Also, it’s not clear that career politicians actually have less in the way of conflicts-of-interest than businessmen. Career politicos have many interest groups to propitiate.vasanth (@NextVasanth):@balajis isn’t the implicit point that political billionaires are not professional capital allocators, so they would allocate their budget based on a different set of principles (not maximizin ...

POLITICAL BILLIONAIRESThe clip below is a good encapsulation of what modern China is by Eric X. Li, who’s one of the most thoughtful Chinese nationalists.I appreciate his description, because the Internet is the exact opposite. Because on the Internet, capital (in the form of Bitcoin, and more generally smart contracts) really does stand above any given state.The negative way of framing this emerging reality is that Internet capitalists are now above national governments. The positive way of framing it is: ...

When Bitcoin wins...0:00 It ends the Fed02:10 Payments become packets3:30 Keynesianism falls like Communism4:20 Real estate falls in real terms5:40 Fiat billionaires get flipped6:20 Money printer runs out of toner7:50 The battle begins...10:00 ...and it's time to build https://t.co/D5nSUQaJJM ...

Market Trends - Former Coinbase CTO Balaji Srinivasan predicts that when Bitcoin succeeds, real estate values will decrease in real terms [1] - The prediction suggests a shift in investment preferences from real estate to Bitcoin [1] Investment Strategy - People may stop viewing houses primarily as investments and instead allocate funds to BTC [1]

Key Personnel - Balaji played a crucial role in launching USDC on Coinbase's platform as CTO [1] Cryptocurrency & Technology - Coinbase launched USDC [1]

Technology & Innovation - Coinbase's CTO, @balajis, previously developed a precursor to x402 using Bitcoin [1] - The vision is now more feasible due to near-free transactions on @base, widespread stablecoin adoption, and the emergence of AI agents [1]