[sigwinch]

The inevitable bailouts will be breathtaking. We’re in a quadratic adoption phase to legitimize a currency faster than the public discovers its downsides. The first bailout will be in this administration and won’t look like an inflection point. It’ll look like printing fiat into a dark, lucrative, inaccessible hole.

Among average Americans, the biggest advantage for promoters is the widespread susceptibility to scams. FartCoin, $TRUMP, and BitCoin are equally buoyant unless you know just a little about the technology and culture. Demographics might change this before education does. That’s the second inflection point.

The third inflection point is how the politically-connected holders will manipulate hard forks, say due to a quantum breakthrough in Grover. Once we start seeing forged signatures, will we roll Ethereum back to last June? Or back to Tuesday?

[marcosdumay]

There won't be crypto bailouts. The goal of crypto is to disperse it into the masses where it can lose all value. It losing value won't lead to any reaction, except for pumping some new crypto.

[sigwinch]

Trump wouldn’t have 180’ed on it if he wasn’t promised an actual windfall in fiat or land.

[hengheng]

I am still wondering what money it was that predominantly went into crypto. Lots of retail investors lucked out between Tesla stock and BTC, but that can't account for all of it. I suspect a lot of shady money coming in from outside the US that raised the water level. Yet people talk about it like it's a co-op pension fund.

National bailouts going into an international fund are going to be a global power readjustment. Fun times.

My personal guess for an inflection point is civil unrest. Doge are already tightening the belts for the lower class. Nobody has really figured out how far they can take it. Police has been arming itself for the last decade or two, that started way before Trump, and they have been ready to thwart any uprising. But I am wondering if something is going to happen regardless. Civil war is only a bad idea as long as there are other options.