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JG
11edfa8182cf3d843ef36aa2fa270137d1aee9e4f0cd2add67707c8fc5ff2a0d
Physical Scientist // Food & Music Lover // Tennis and Golf Player

I can see the heated marital discussions now.

Wife: you lost our life savings investing in Fartcoin Treasuries?!

Husband: but you don't understand, hot girl told me it was a good idea!

Holy crap. I will say though, he seemed to make it a lot longer than many of his colleagues did Macho Man, Miss Elizabeth, Bam Bam Bigelow, Razor Ramon, to name a few.

Amazing. I was there two weeks ago and pretended to be snoring.

Replying to Avatar Scott Wolfe

Hubris (a short story)

In the year 2029, the global economy trembled—not from war or pandemic, but from a quiet revolution that had been gathering beneath the surface like tectonic pressure.

The story began a decade earlier. @Microsoft, @Apple, @Google, and the other titans of Silicon Valley were basking in record profits. Their balance sheets overflowed with trillions in cash and equivalents, most of it parked in U.S. Treasury bonds—low-yield, “safe,” and endorsed by decades of convention. CFOs nodded confidently at board meetings. Risk was for startups. Stability was strategy.

But a storm was building, and they refused to look up.

In a small but growing corner of the global economy, something different was taking root: Bitcoin. While the tech elite dismissed it as volatile, slow, or worse — a haven for libertarians and groups trying to go around institutions — it kept humming along, block by block.

@MicroStrategy, a company dismissed as a curious footnote on @CNBC, quietly continued converting its balance sheet into Bitcoin. Others followed, slowly, and then into a growing wave. Sovereigns too: El Salvador, Bhutan, then Brazil, Czech Republic, and more. A parallel system was forming, one that operated beyond borders, beyond central banks, and beyond the cautious worldview of the titans of corporate America.

By 2027, inflation had returned—not the kind central bankers claimed to control, but the kind that eroded real wages and made corporate bonds unattractive. U.S. debt spiraled as interest payments surpassed defense spending. Apple’s $200 billion in cash began to shrink—not in numbers, but in purchasing power. They were rich, yes. But so was Rome, once.

Still, they didn’t move.

Why risk headlines for a speculative asset? Why anger investors stuck in the modalities of the past, those convinced by Charlie Munger, Warren Buffett and other investing giants of the past that this Bitcoin thing was a speculative fad? Why rock the boat when the tide had always lifted them?

Because tides change.

When the dollar crisis hit in 2029, it wasn’t sudden. But the consequences were. Treasury yields spiked. Foreign investors and stable-coin companies dumped U.S. debt. The Fed, cornered, scaled up its money printing. The world finally noticed that the emperor’s currency had no clothes.

Meanwhile, Strategy’s balance sheet exploded in value, as did those of other corporations that joined the early wave of Bitcoin Treasury Companies. Once small-cap and mid-cap firms, these companies now dwarfed the giants of the past. Countries lined up to mine, secure, and settle in #Bitcoin $BTC. A new monetary standard emerged—not by decree, but by demand.

At an emergency summit in Davos, the CEOs of the world’s largest firms gathered in panic. Microsoft’s CFO whispered, “We should have bought Bitcoin back when it was under $100K.” Apple’s board, once lauded for its caution, found itself questioned by shareholders who watched their cash erode in real time.

The corporations that once shaped the world had missed the future by clinging to the past.

It wasn’t lack of information. It wasn’t bad luck. It was hubris.

And hubris, history reminds us, is always punished in the end.

$MSFT $AAPL $GOOG $NVDA $TSLA $NFLX

Bookmarking and saving for 2029.

My guess would be less than 0.01% of all holders. It would be pretty sweet to be part of that group, that's for sure.

Replying to Avatar Jameson Lopp

Now do Hanlon's Gun, Cat, Razor, Law.

Some of what he says reminds me of what Andre Agassi said in his book "Open" after he won his first major title. I don't remember the exact words but it was something like "a dirty little secret I learned was that losing hurts more than winning feels good."

Yeah I dunno, I think it's just being candid.

I love how they assert that there's no second best, yet by every observable measure that's clearly false.

Replying to Avatar Scott Wolfe

Reflecting on an inspiring experience from this morning. On my run down by Lake Ontario, there is an indigenous encampment drawing attention to consequences of Bill C-5 (One Canadian Economy Act) and a variety of outstanding Treaty issues.

I said hello and thanked them for the beautiful smell of sage that was filling the air, after which an Elder invited me over to smudge. Grateful for the gift, we began speaking about different issues pertaining to their grievances (very legitimate, centuries old grievances).

It opened an opportunity to speak to the Elder and a couple of others about Bitcoin and the potential for economic sovereignty (and by extension, other forms of sovereignty). I told them about the work my colleagues Suman Kumar and nostr:npub1zvu0wuq4rf5839sangchz8h7rq6ejp22zhvn8sncwc3eaq987qds66w2ya are doing to nurture dialogue and learning about Bitcoin with Cree community members in the province of Quebec.

The beautiful thing: they got it. The concepts resonated. They were interested to learn more. I’ll be going back to speak with them again and to share some resources.

It reminded me that a myriad of groups, communities, nations stand to benefit from the opportunity Bitcoin presents to (figuratively) bulldoze gates, fences, and enforcers that prevent them from achieving autonomy and sovereignty.

I we can find more openings and opportunities to engage First Nations, Inuit, and other native communities throughout the Americas regarding Bitcoin. We, the creator’s children, and future generations, all stand to benefit.

Fantastic story, Scott. This is exactly the kind of stories that Canadians on the left side of the political spectrum need to hear more of to understand how Bitcoin is a force for good in the world.

In part I remind myself that if I talk to the average person on the street if they've heard of Bitcoin, pretty much everybody has. Many will say they've heard of Ethereum. Far fewer will say they've heard of Solana, Ripple, Cardano, or Fartcoin or whatever other shitcoin.

I'm also reminded of something a friend told me a while back that stuck with me: back when the Internet protocol first took off, there were some people that came up with new ideas. When you asked what their idea was they'd say "it's like the Internet... but better". In my mind all the shitcoins are mostly solutions looking for a problem, and their main "selling point" is that "they're like Bitcoin... but better" - which is objectively nonsense. That's the message that I like to tell normies.

It's the 21st century version of a certificate of authenticity. Used to be a time where you'd buy some collectible, jewelry, etc and it would come with a certificate that 'proves" it's real and people would take that as "proof". Like seriously? If they're willing to fake the collectible/jewelry, they're willing to fake a paper certificate, or in this case fabricate a Blockchain out of thin air.

Great video. Sadly, citizens of developed nations are seeing more and more that their wages are stagnating while cost of living keeps rising all while wealth concentrates towards the already extremely wealthy. Obviously this is to a lesser extent than in the nations cited in the video, but nevertheless still a problem and a root cause of growing civil unrest.

I'll be sharing this video with those I know.

Comparing to the previous is a pretty low bar to be fair. I'll guess we'll see what this one does in the long run...

I think getting a tattoo about being either vaccinated OR unvaccinated is super cringe; neither is a personality trait. However, it's not for me to decide who gets what tattoo, so I'll just go on ignoring both.

Old people are the only ones I've ever seen driving Nissan Murano Convertibles, so there's that.

I remember these dumb drinks back in the 90s, made my Clearly Canadian (I tried one out of morbid curiosity, it was *not* good).

https://en.m.wikipedia.org/wiki/Orbitz_(drink)