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Start your week with the 10 minute News Block, your weekly Bitcoin and economic news update!

We cover the cooler inflation print (can we trust it?), increased odds of another rate cut, Strategy’s USD reserve and adding more Bitcoin (don’t miss tomorrow’s interview), and Senator Lummis announcing she will not seek re-election.

Subscribe wherever you get your podcasts!

https://open.spotify.com/episode/2yfqxwe6KQ79ywOQeJTPts?si=Hy4wv9TOTsux8aDWwqoe2w

Little Johnny 1w ago 💬 1

I love (almost) all the work you do. You are such a great podcaster/interviewer, definitely one the best in the space. Very natural, beautiful, fun, intelligent… Where to stop?

So, just one question:

When are you going to notice that Bitcoin is a new system and it’s not an asset in the existing system?

I am worried that Michael Saylor (also known as ‘Dollar Mike’ and ‘Fiat Saylor’) is misguiding you. Bitcoin is about the separation of money and state, right?

If I have misunderstood something, please let me know.

Perhaps you are playing 4D chess, orangepilling Dollar Mike/Fiat Saylor, and I am just not getting it. But if that’s not the case, please clarify.

By the way, I am going to buy your book! And I am not trying to be evil or anything like that. I am just confused to notice that one of the best podcasters/interviewers in the space is not fully on board with the idea that "sats must flow".

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Discussion

Ricky Zhang 1w ago 💬 1

No one will be 100% perfectly aligned with the new base layer from the very start during a humanity-wide phase change like this.

We are all going through our own journeys allocating our time and energy from fiat to bitcoin 1% at a time.

Both Saylor and Natalie are building bridges to help others within the narrative market.

And Saylor has taken on a first-mover position within capital markets as well.

Both are contributing more than they are harming, as they are very early and bringing awareness of bitcoin to the masses.

At some point during the transition, both will face the decision to remain in the "fiat asset" camp or move to the "protocol base layer" camp.

The decision may well be forced by ever-tightening conditions in the fiat world, combined with ever-increasing awareness of the bitcoin ecosystem's infinite possibility space.

And the responsibility of taking action to bring about that awareness lies with those of us who have already made it there.

Little Johnny 6d ago 💬 1

Hi Ricky!

Thanks for the comment! Nice to get to know you here on Nostr.

Here are my comments:

Yes, I agree that at first, it’s really complicated to understand what Bitcoin is about. And Natalie is definitely one of the best interviewers in the whole Bitcoin space. It’s easy to see that she has worked in the mainstream media. She is very natural in front of the camera.

When it comes to understanding Bitcoin as a protocol, I don’t think there is anything that Dollar Mike does not understand. He gets it. He is muddying the waters on purpose.

It’s a worrying sign that Mike made a lot more sense a few years ago. Nowadays he is fantasizing about Katy Perry launching her own coin, wondering which one is better Ethereum or Solana, and all that kind of crap. Why? I have no idea. But that’s what he is doing.

A few years ago, Saylor became the best known “Bitcoin influencer” by making sense. He was never a freedom maximalist, but at least he was not openly hostile towards the idea of peer-to-peer cash. And now that everybody knows who he is and considers him Mr. Bitcoin, he is using his platform to confuse newbies and distract people from the main benefit (no third parties required).

I don’t think that I understand what you mean by “Saylor and Natalie are building bridges to help others within the narrative market.”

I think that if the freedom money narrative does not win, Bitcoin fails. I see it totally black and white. Bitcoin is a new way of doing things outside of the fiat scam. Or it’s just a tool for the fiat scammers.

Saylor is clearly against the idea of Bitcoin being freedom money. And, unfortunately, Natalie does not push back, when Fiat Saylor is playing his fiat games. I understand Natalie not wanting to make Mike angry.

Natalie is one of the most popular Bitcoin podcasters. So, Natalie would make it harder for herself (at least in the short term), if Saylor does not like her anymore. So, I understand her very well. However, it’s very hard for newbies to understand why Bitcoin is powerful, if Saylor is allowed to shitcoin and stockcoin without any push back.

How many people are going to lose “their” coins just because they never understood that “not your keys, not your coins”? From Mike they are never going to learn it.

“At some point during the transition, both will face the decision to remain in the "fiat asset" camp or move to the "protocol base layer" camp.

The decision may well be forced by ever-tightening conditions in the fiat world, combined with ever-increasing awareness of the bitcoin ecosystem's infinite possibility space.”

🎯 I agree.

Ricky Zhang 6d ago

By narrative bridge, I mean Saylor's media work is exposing people to Bitcoin for the first time (alongside his work building products for the financial markets).

That leads them into the ecosystem and to learn about self-custody from those who are championing it.

Yes, there may be some shitcoinery and stockcoinery mixed in. Perhaps Saylor now faces different vested interests compared to before.

But it doesn't matter, because you and I and many others can speak the truth and share with others freely.

And over a long enough period of time, the honest protocol (and its social layer) wins.