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Joe Kendzicky
Bitcoin Analyst
426
Tweets
392
Following
899
Followers
Tweets
Joe Kendzicky Nov 23
Replying to @coloradotravis
how is this an attack? seems like typical trading procedures
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Joe Kendzicky Sep 22
Replying to @twobitidiot
Calvin ayre?
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Joe Kendzicky Sep 9
Replying to @raypaxful @cz_binance
I love paxful but I don’t really understand how it is P2P (or different from binance at all)...User funds are held in centralized company wallet, paxful mods have full autonomy in disputes, users are subject to censorship/bans, and platform requires extensive KYC
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Joe Kendzicky Aug 25
I don't understand...treasury is spending that money into the economy (drawing down reserves at TGA into dollars). Why does it matter if Fed is buying the T-bills with reserves or money. Ends up getting converted into money at the end by treasury, no?
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Joe Kendzicky Aug 23
You’re leaving 1st step...treasury spends $ it doesn’t yet have, then sells bonds. That in essence is the transformation of reserves into money bc it hits real economy. If deficit spending was coming from taxes/borrowing then no new net money creation but that’s not the case rn
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Joe Kendzicky Aug 22
They aren’t taking dollars out of the system though. It’s being entirely financed via Fed monetization
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Joe Kendzicky Aug 15
Replying to @nutinyourRi
I can arrange this
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Joe Kendzicky Aug 6
Disagree- Land is not a depreciating asset.
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Joe Kendzicky Jul 30
“That money isn’t lent against and cannot be used for squat” Can you elaborate on what you mean here ?
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Joe Kendzicky retweeted
fighting techno-satan Jul 9
This is the best interview I’ve listened to all year. Plz only reply if you’ve listened to it, can hold a rational conversation on topics you may not fully endorse, & are averse to thought-shaming.
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Joe Kendzicky Jul 8
Replying to @TheCryptoFam
2/effects that the savings transferred to new hands by an inefficient allocator destroys future real wealth, since savings is the originator of investment and technology. And those two factors are what drives higher economic growth
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Joe Kendzicky Jul 8
Replying to @TheCryptoFam
1/Printing cash doesn’t increase the capital stock of a society. A unilateral UBI payout increases M1 without any guarantee of increasing real wealth. It’s just more cash chasing the same amount of scarce resources and distorting asset prices. You could even argue 2nd order
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Joe Kendzicky Jul 8
Replying to @TheCryptoFam
I guess you can argue it’s a better than beaurocratic spending but i find it difficult to call it an “investment” when it is not a consensual monetary transfer from the originating party
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Joe Kendzicky Jul 8
Replying to @TheCryptoFam
The money has to be extracted from 1 of 3 sources: taxes, domestic/foreign borrowing, or monetization. 1 and 2 are not happening. So it’s a transfer mechanism from savers->gov who then redistributes it accordingly. Gov is not the agent spending but it is most certainly allocating
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Joe Kendzicky Jul 8
Replying to @TheCryptoFam
Lol it’s not an investment. It’s a coercive wealth transfer from savers. One in which the state magically becomes a better allocater of capital than the free market
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Joe Kendzicky Jun 21
Replying to @stunad620 @stevojaco
Ftx
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Joe Kendzicky Jun 11
Replying to @BraveTheWorld
His dad was the CEO of Citibank
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Joe Kendzicky May 25
Replying to @JamesTodaroMD
*(w)hitler
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Joe Kendzicky May 24
Replying to @JHancock @_Checkmatey_
Fungibility + tail emission monetary policy + dynamic block size + alternative PoW all hedge areas where bitcoin has potential long run uncertainty. Also has one of the strongest communities (exhibited thru the FFS) and core devs
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Joe Kendzicky May 23
If your dollar supershake theory plays out, surely there will be dramatic responses in restructuring the existing monetary/economic framework
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