Yes, this works during the adoption toward hyperbitcoinization. In that #Bitcoin is not only a SoV during that time, but also gains in purchasing power. To be accurate, one should not conflate the terms Investing and Saving.

“He loved big brother”

Policy makers, lol.

It’ll make the exchange rate of Bitcoin go up. Like in all black markets, the price of desirable things goes up due to constraints.

I wouldn’t worry too much about it. #Bitcoin naturally turns greed into altruism. Even for those that start with a higher stack during the transition to hyperbitcoinization will need to contribute value, or they’ll just spend their stack. Bitcoin will always flow to value due to scarcity. And re the forking? If they try to mess with the code, me and the maxis will continue with the OG version. It will always have the highest value, because it’s pure.

The problem IMHO is equally with the Sheeple as it is with the Tyrants. I posted this yesterday, but fits well here:

H.L. Mencken explains why democracy is doomed in 10 points:

1. People don't want freedom but safety: "The average man wants the peace of a hog in a comfortable sty."

2. Democracy INTENSIFIES groupthink: "Democratic man is quite unable to think of himself as a free individual; he must belong to a group, or shake with fear and loneliness."

3. Democracies are plutocracies; they're run by the aristocracy of money. But the plutocracy "lacks all the essential characters of a true aristocracy: a clean tradition, culture, public spirit, honesty, honor, courage—above all, courage. It is transient and lacks a goal."

4. The plutocrats lack "an aristocratic disinterestedness born of aristocratic security." He submits. He can be bullied and broken.

5. Democracies birth their intellectual apologists - Mencken calls them "pedagogues." These are not genuine thinkers; they’re "men chiefly marked by their haunting fear of losing their jobs." This describes most journalists.

6. Democracy is anti-excellence. Freud said we repress our sex drive as it’s frowned upon...but there’s nothing that democracy frowns upon more than a CLEAR proof of superiority. Democracy says "the most worthy & laudable citizen is that one who is most like all the rest."

7. Mencken explains how this era demands we repress our greatness: "A man who has throttled a bad impulse has at least some consolation in his agonies. But a man who has throttled a good one is in a bad way indeed. Yet this great Republic swarms with such men, & their sufferings are under every eye."

8. Mencken on the two worst crimes in a democracy: "There is only one sound argument for democracy, and that is the argument that it is a crime for any man to hold himself out as better than other men, and, above all, a most heinous offense for him to prove it."

9. Mencken: "The democratic politician, confronted by the dishonesty and stupidity of his master, the mob, tries to convince himself and all the rest of us that it is really full of rectitude and wisdom." To gain power in a democracy, men sacrifice their self-respect...

10. Mencken believed democracy will cancel itself out: "Democracy may be a self-limiting disease, as civilization itself seems to be. There are thumping paradoxes in its philosophy, and some of them have a suicidal smack."

-a tweet from @oldbooksguy

Two gin-scented tears trickled down the sides of his nose. But it was all right, everything was all right, the struggle was finished. He had won the victory over himself.

He loved big brother.

-Orwell

H.L. Mencken explains why democracy is doomed in 10 points:

1. People don't want freedom but safety: "The average man wants the peace of a hog in a comfortable sty."

2. Democracy INTENSIFIES groupthink: "Democratic man is quite unable to think of himself as a free individual; he must belong to a group, or shake with fear and loneliness."

3. Democracies are plutocracies; they're run by the aristocracy of money. But the plutocracy "lacks all the essential characters of a true aristocracy: a clean tradition, culture, public spirit, honesty, honor, courage—above all, courage. It is transient and lacks a goal."

4. The plutocrats lack "an aristocratic disinterestedness born of aristocratic security." He submits. He can be bullied and broken.

5. Democracies birth their intellectual apologists - Mencken calls them "pedagogues." These are not genuine thinkers; they’re "men chiefly marked by their haunting fear of losing their jobs." This describes most journalists.

6. Democracy is anti-excellence. Freud said we repress our sex drive as it’s frowned upon...but there’s nothing that democracy frowns upon more than a CLEAR proof of superiority. Democracy says "the most worthy & laudable citizen is that one who is most like all the rest."

7. Mencken explains how this era demands we repress our greatness: "A man who has throttled a bad impulse has at least some consolation in his agonies. But a man who has throttled a good one is in a bad way indeed. Yet this great Republic swarms with such men, & their sufferings are under every eye."

8. Mencken on the two worst crimes in a democracy: "There is only one sound argument for democracy, and that is the argument that it is a crime for any man to hold himself out as better than other men, and, above all, a most heinous offense for him to prove it."

9. Mencken: "The democratic politician, confronted by the dishonesty and stupidity of his master, the mob, tries to convince himself and all the rest of us that it is really full of rectitude and wisdom." To gain power in a democracy, men sacrifice their self-respect...

10. Mencken believed democracy will cancel itself out: "Democracy may be a self-limiting disease, as civilization itself seems to be. There are thumping paradoxes in its philosophy, and some of them have a suicidal smack."

-a tweet from @oldbooksguy

Except, #Bitcoin is not a commodity. Since you can’t eat it or use it as a raw material. It is in fact money. A MoE, SoV and UoA. Accurate definition of terms is key to a functioning society. They have everyone confused by changing the meaning of things. Orwellian…

The question is, why?

He‘s the King‘s Jester. He can say provocative things, but every now and then, he has to go kiss the ring.

…and, #Bitcoin aligns capital allocation with value creation and panelizes value destruction (because you lose your bitcoin, and the losses can’t be plugged by printing new ones). Its P2P nature also means looking someone in the eye and a handshake (trust) will mean something again (because you may lose your bitcoin). Ultimately Bitcoin leads to a better world. Fix the money, fix the world.

Gold is also not verifiable, hence can be manipulated with paper gold.

#Bitcoin is absolute money

Oh boy. Another politician….can’t fix the system with another politician.

https://x.com/hodlmagoo/status/1726607602698867169?s=46

Dollarizing Argentina? Oh boy.

Ad hominem much? Btw, I also disagree with Lyn’s message that J Powell is basically a good guy …

A bit aggressive arn’t you? Nevertheless I disagree with Lyn’s message, not so much that she’d spend her savings, but about confusing Bitcoin with investing, I.e making money with money, and by going back to the Fiat system at six figures, when the idea is to get out of it and move to a Bitcoin standard.

Like an investment security that I expect to outperform my money on a risk-adjusted basis? Bitcoin is not an investment, it’s money.