I hear you bro. Your heart is in the right place. And, I’m realistic about the fact we can’t stop it anyway, but imho, having the fiat world throwing massive amounts of money at manipulating development of software that’s perfectly fine, is a risk to Bitcoin. We should at least recognize that. I personally like grass roots for core at this stage. Spend the money on adoption and L2.

What needs big money for what change in the code right now? Seems fishy to me.

👍

There comes a time when the USD goes away. Is it at an exchange rate of $200k/#Bitcoin? $1,000,000/#Bitcoin?

Ask yourself, how is it, that you do not?

Do you hear the grasshopper which is at your feet?

So it’s not a commodity (since you can’t eat it, like wheat; and it’s not a raw material, like oil or gold). And it is indeed money (UoA, MoE, SoV).

In the past people used commodities also as money or to back money to approximate scarcity. Scarcity is the key. So gold, for example was both, a commodity and money. Interestingly valued differently for each function.

For the first time in human history, Satoshi-san invented pure money with absolute scarcity. Nothing else exists that cannot be corrupted, like #Bitcoin.

There are a lot of confusing forces at play. Like shitcoins pretending to „improve“ on Bitcoin in some way, but compromising one of the key attributes of Bitcoin like decentralization or PoW and hence enabling corruption for private gain. Or governments and corporations changing the meaning of words like cryptocurrency, stablecoins and yes, money vs commodities, to attack and control Bitcoin or move it into another realm.

The other big confusing factor is that during the adoption toward hyperbitcoinization, the purchasing power of your money, Bitcoin, actually increases. Which makes Bitcoin behave like an investment not a savings (SoV). The price of goods and services decreases far beyond the natural decrease in prices due to increased productivity and innovation. So you have a lot of fiat behavior going on, like trading, etf‘s, options etc.

Once Bitcoin adoption reaches critical mass, it’s simply money. Goods and Services will be priced and exchanged for Bitcoin. You can’t invest in money, because how would that work? I earned one Bitcoin, and invest one Bitcoin, so I still just have one Bitcoin. And, because Bitcoin is THE money, not a commodity, you don’t trade it for another money.

The beauty of scarce money is, society will be able to harvest the benefits of innovation and technology. Abundance. Existing things will get cheaper. People will have time to focus on new inventions (at premium prices), art, architecture and beauty. It’ll be a beautiful new world, not a brave new world.

During adoption to hyperbitcoinization Bitcoin will turn greed in altruism. Due to scarcity, Bitcoin will flow to value. So even when bad guys start with more Bitcoin, unless they become productive stewards of our earth, they’ll spend more than they make.

So it’ll all work out. Fix the money, fix the world.

Answer me these two questions. Can you eat Bitcoin? Or use it as raw material? Changing the meaning of words, in this case confusing money and commodities, is ultimately intended to dollarize #Bitcoin. To keep it in a box while maintaining the fiat system. To trade #Bitcoin. To create derivatives and options markets, etf’s. But ultimately to use dollars. If you consider #Bitcoin to be money, then none of that makes sense. You can’t invest money in money. Let‘s say you earned one #Bitcoin by adding value. Could you invest one #Bitcoin into one #Bitcoin? No. Be careful out there….it‘s a brave new world.

Right, he changed the meaning of the word commodity, conflated it with the meaning of the word money, and hence moved #Bitcoin into another realm. He also said Bitcoin and the USD will coexist. Dangerous. He also said, at #Bitcoin Atlantis, that the Banks and Corporations need Bitcoin, true. That that helps Bitcoin, true. And then concluded that we should embrace them-lol. I don’t think so. Finally, he used other people’s money to get rich with Bitcoin. While you can argue about the virtues of using the fiat system to get rich, he surely isn’t pure. Again, be careful.

Want to share what part and why?

#Bitcoin is actually money. A commodity is a raw material, or something you can eat. Before #Bitcoin, commodities were used as money, or to back money, to achieve scarcity. Calling Bitcoin a commodity is intended to regulate it. To tax it, track and trace it etc. A trap. And ignores #Bitcoin‘s UoA (the recording) and MoE (currency) features. The P2P system that would make us free. Accuracy of language is very important. „By controlling the language, Big Brother controls the way that the people think“ (Orwell). #MichaelSaylor also tells you Banks and Corporations are your friend….be careful out there.

#Bitcoin turns greed into altruism. Because after hyperbitcoinization, there will be consequences for bad behavior. That’s great, as #Bitcoin will clean out the tyrants peacefully. #MichaelSaylor; however, extrapolates that phenomenon and tells us that we should embrace the tyrants (Banks, Apple, Government etc.). I don’t think so.

It’s a system thing. We can’t vote ourselves out of it. 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

I‘m sorry #Michaelsaylor, but the tyrants have to go. You‘re saying they’re ok, because they need #Bitcoin? Eh, no.

#Bitcoin appeals to greed during hyperbitcoinization, but crushes inefficient use of capital under a Bitcoin standard. Companies like Tesla or Boeing will not survive. Only because the Tyrants are greedy and ushering in hyperbitcoinization doesn’t make them ok. They have to go.

#Plebchain

It would have gone parabolic Wednesday, had they not shut down Coinbase. And then the ETFs didn’t buy any Bitcoin Thursday while Grayscale supplied an additional $600 million in #Bitcoin. A little market manipulation; however, that can only slow it down by a few days.

I would categorize it like this:

The Russians were too stoic

The Chinese were too stupid

The Europeans too scared of the US

The Africans too poor

The Arabs too rich

And the US? Too greedy to let it go.

It’s ironic that it is the US again to be first. Ushering in hyperbitcoinization.

It will not increase in purchasing power after hyperbitcoinization…in that it will be 1:1 value to value. True price discovery. Yes, innovation and productivity increases will make existing products and services more affordable, capital allocation decisions will flow towards those things that improve value to society (companies like Boeing or Tesla wouldn’t survive and we’d probably all fly on individual drones already if the trillions would have flown to value rather than bailing out Boeing with 1940s tech). And yes, we would then live in abundance, focus our energy on art, beautifully architecture, inventing things etc. But it’s not investing in Bitcoin. You would invest your Bitcoin in a building things. Or earn Bitcoin. Or Save it for later.

Miami ESG

Miami Beach