Time to accumulate.

There are billions in the developing world that need to hear the message of #BTC  before JP Morgan and Janet Yellen understand it.

Press on.

If number of #Bitcoin users triple, the network could become 10x more valuable because of network effects.

If adopters increases 10x perhaps it becomes 500x more valuable.

#Bitcoin could have 2% adoption and be trading at $3,000,000 in 2023 dollars.

Metcalfe’s Law is brutal.

I really started paying attention to #Bitcoin  in 2020, when I realized the dollar was declining faster than I thought it was.

I was shocked El Salvador's adoption was as soon as it was.

I am, again, shocked at how quick these bank failures and reversion back to QE has been.

Strange world… picking up speed.

Shoot. I guess my post was TOO good.

If someone says either of these things to me, I immediately loose all my respect of their financial advice:

1)“#Bitcoin  is a scam” and can’t tell me difference between miners vs nodes or POW vs POS.

2) “Banks are safe” and can’t elaborate on fractional reserve deposits.

I want to make this clear.

I’m much less worried about banks failing or deflation.

I’m worried about the reaction to the banks failing.

We have no idea how bad failures will be and therefore no idea how much stimulus they will require.

Printer incoming. #Bitcoin

Wait a second.

A top 20 US bank that was AAA rated last week went bust within 48 hours because they were heavily invested in bonds with a “risk free” yield?

🚩

It’s as if everyone assumed others were doing due diligence, when nobody actually did.

Don’t trust, verify. #Bitcoin

Will take a long time

21 sats is a lot of money.

That is 1/100 trillionth of the entire network.

If we have the assumption most folks will own 100,000 sats or less:

21 sats is 1/4,500th of one’s stack.

Perhaps multiple days worth of income.

You can buy perhaps dozens of days of income for $1.

Let’s see if anyone zaps this post in light of this perspective, haha. 🤣

Yes, but I don’t think this bank going down is the catalyst

"#Bitcoin  is worthless because you can't use it at Chuck E Cheese... Chuck E Cheese tokens have more intrinsic value than Bitcoin."

What is wrong with Twitter folks?…

Banking stocks tanking like meme stocks.

Crypto banks and fiat banks… these losses are immense.

40% to 60% in a single day.

Already rumors for bailouts and bank runs…

Amazing how 24 hours changes everything.

“Risk happens fast.”

#Bitcoin  may be volatile in USD right now…

But notice how there isn’t even a RUMOR of a bank run, bailout, or insolvency in #BTC .

Bitcoin is a bank without bankers that is designed to never need a bailout, yield, or a reset.

Many are scared right now, I am grateful for this.

People who predicted #Bitcoin:

Tesla, 1900

Ford, 1921

Fuller, 1967
Hellman & Diffie, 1976
Merkle, 1980
Chaum, 1983

Hayek, 1984

May, 1988
Zimmerman, 1991
Hughes & Gilmore, 1992

Stephenson, 1995

Back, 1997 @adam3us

Davidson, 1998

Rees-Mogg, 1998

Szabo, 1997 @NickSzabo4
Keiser, 1999

Friedman, 1999
Cohen, 2001
2004, Finney @halfin

Who am I missing?

Future thread… any insight or additional names appreciated

Yeah, I know.

Nostr is my safe place. 😂

No I think the value is added over time via work, wasn’t issued at the beginning.

PoW

So far on Twitter I’ve been called:

“Sexist, sucker, scammer, grifter, transphobic, retarded, hater, shill, AI bot, fool, naive, ignorant, selfish, etc.”

I’m finding that most people like to engage intellectual disagreement with jargon.

I am also finding Nostr is much more pleasant.

Bitcoin is beautiful. 🧡

I think it is already unusable for the average person. Think about it, a two dollar fee is unattainable and impractical for well over half the world population.

In the future, I expect transaction fees to only trend up and take a larger portion, and it will only become more unattainable for people.

I think we are in the rare era work individual people actually use the layer one, in the future I think the vast majority will be layer two and only nations and mega corporations use layer one.

Joe’s article is really good however I have not read it recently

If we figure a $10,000,000 #Bitcoin as a ballpark…

Then today’s $25,000 is $0.0025 on the dollar before inflation.

Point is not the exact number... point is that it's well under 1 cent.