Welcome #[0] - spokesperson for the Canadian trucker Freedom Convoy!
Zap him to say thanks for what he did for promoting freedom and helping to orange pill free speech enthusiasts everywhere!
If you've ever enjoyed my podcast, please go write me a funny review at ratethispodcast.com/Bitcoin and I'll read on a future episode 🙏
If someone designs me a sick graphic for this pickleball paddle I'll give a mean Zap!
Has anyone created a step by step onboarding instruction sheet on how to get Bitcoin that you can give out to friends and families looking to protect themselves from bank runs and bail ins?
We are living through the reconciliation of the GFC/banking crisis.
They socialized the losses and privatized the gains with bailouts, kicking the can down the road as far as they can.
The can is at our feet again.
They increased the national debt from ~7 Trillion to ~32 Trillion in 15 years.
The money supply went parabolic.
Inflation is the highest it’s been in decades.
Labor participation is the lowest it’s been in decades.
Wealth inequality & homelessness is worse now than it was in 2008.
The bond markets are more volatile now than they have been in decades.
This is not a left vs right thing, it’s not political - both parties presided over the destruction of the dollar.
There’s 3 paths forward:
1) No can kick. We won't get hyperinflation.
-The bond markets crash.
-Banks are insolvent, real estate crashes into a deflationary collapse.
-They either don’t print because they know printing might cause hyperinflation or there is no buyers for the debt (confidence is lost in treasuries.)
2) Can Kicked. We get high inflation.
-The bond markets get bailed out by the central banks (Fed balance sheet expands dramatically and the majority of USA’s debt is owned by the Fed.)
-Banks are insolvent and it leads to further centralization of the banking system. 500-1000 small/medium banks rolled into the larger banks. Fed acquires $2 T+ of USTs from the insolvent banks.
-Interest rates drop back near zero, inflation rises and we continue in a high inflation environment.
-another crisis in 10 years.
3) Can kicked too hard. We get hyperinflation.
-Banks collapse and Bond markets lock up. Stock market & real estate markets crash.
-Both get bailed out by the Federal Reserve & Congress.
-$20-30 Trillion gets printed over the next 1-5 years, causing a hyperinflationary collapse.
Does anyone have a good idea of #[0]‘s business plan for Custodial bank?
Is the plan to get a bank charter and then be a full reserve bank with zero rehypothecation?
Or will they use their banking powers to print money from nothing to create loans for crypto companies?
Nice tweet Michael
On a space listening to people talk about ordinals.
Very interesting to hear them talk about not just PSBTs & taproot, but now they are all looking into Nostr as a messaging protocol to coordinate marketplace trades.
Bitcoin P2P tech is winning 🤙
Check out this Nostr art for auction by Asanoha at ScarceCity
https://scarce.city/auctions/asanostrich-i-inaugural-nostrica-2023
Just listening to a great podcast by #[0] with the guy behind the Bitcoin Archive twitter account.
https://fountain.fm/episode/8777218315
Worth a listen!
The Bitcoin Wars
Act 1: 2013/2014 Dread Pirate Roberts
Bitcoin vs The US Government
Act 2: 2017/2018 The Insider Coup
Bitcoin vs Big Block Corporations & Miners
Act 3: 2021/2022 The Free Market
Bitcoin vs Silicon Valley & Cryptocurrency Network Effects
Act 4: 202X The Woke Mob
Bitcoin vs Politicians & Central Banks
---
2009: Bitcoin launched by an anonymous cypherpunk, with no VC funding, as an alternative to inflationary debt based money & bailouts for banks.
2023: VCs pretending to be cypherpunks bastardize the blockchain & rebuild everything that's wrong with wall st, then beg for bailouts.
Now that the same Shill-a-coin Valley VC complex that propped up FTX/Celsius/LUNA/PonziFi has lobbied for & received a bailout, it should be more obvious now than ever before that these charlatans & grifters are not part of Bitcoin.
I'm quite certain that Bitcoin just won the war with Silicon Valley.
What comes next is more strict regulations for the Crypto VC industry that almost took down the financial system with Ponzi Finance.
The Shill-a-coin Valley bailout is a victory for Bitcoin fundamentals 🍾
We are now ending Act 3 (this process will take another year) and entering Act 4, Bitcoin vs Central Banks & Politicians.
Is this Lee from clubhouse
I said Nic Carter let his ego get the best of him back in the summer (he forgot the stay humble part), then he blocked me a few months later even though I was actually defending him.
Now apparently I'm a miserable, hypocritical, holier than though git?
What even is a git? I guess you can add illiterate to the list.
Side note: I’m super pumped to be a judge and sponsor for the upcoming Nostr hackathon!
Really looking forward to seeing what people are working on, including some portfolio startups that have entered the hackathon 🤙
1 Billion Sats 🎉
1 billion sats raised for bitcoin builders in the bear market and we’re just getting started at https://geyser.fund
I’m so proud to have played a small role in this, Mick & Stelios are shipping 🫂
The latest update of Damus doesn't show the relay connection anymore! Used to like that.
#nostrica starting in 12 days, but #nostrhack starts in 3!
https://makers.bolt.fun/tournaments/2/overview
Whether you are coming to #[0] or not - be sure to register and hack away.
If any of you that are following me have already registered - drop reply... curious to learn more about what you're hacking on.
💯
