Bitcoin's purpose is much higher than increasing the net worth of those who hold it (or hold exposure to it). Bitcoin is freedom money and the siren calls of wealth and convenience are on their way to undermine the mission. Don't get distracted. Our children will be free.
I know everyone is focused on the bitcoin ETF, but I highly recommend you take some time to listen to this rip with Chris Hume about the persecution of Amos Miller in Pennsylvania.
This is something to pay attention to. Healthy food is under attack.
Should be a fun week.
To threaten people with a felony charge for not playing the role of tax collector on behalf of the IRS is one of the most despicable and insulting things that has come out of the US government in recent years.
The US national debt is more than 3x what it was when bitcoin launched. Put another way, 68% of the debt that this country has accrued over the last 248 years was added over the last 15 years, or 6% of the country's lifetime.
2024 will be the year that makes it clear that we’re not going to vote our way out of the problems that exist in the world. We’re going to have to build our way out.
Next year more people than ever will realize that bitcoin is a solution worth working on.
“Oh you made it easy for people to skirt the taxi medallion scam? Have you ever tried making it easy for people to skirt central bank control over money?”
Many point to Uber and AirBnB as Herculean efforts by startups to play in legally gray areas to brute force the mainstreaming of products by making incumbent regulations look silly. Bitcoin is going to make Uber and AirBnB look like child’s play.
They’ve printed trillions and those trillions have not been changing hands as is evidenced by the collapse in the velocity of money.
This chart proves the COVID stimulus checks were nothing more than bread and circuses.
This is your monetary system on fiat. Abject favoritism.
On the train back to Philly after the last nostr:npub1key55ax33gkl50uqemvl4khrtqrhzm7wzpc7fhseutt5ddkcwcrqgxlt3h meet up of the year and I’m not going to lie, freaks… I’m pretty bullish.
Would love to discuss this on TFTC!
Wouldn't it be nice if the market operated on top of a monetary system that couldn't be manipulated by the whims of Fed board members who are constantly making emotional decisions driven by what their banking friends and politicians want to see happen?
The Bank Secrecy Act and KYC/AML compliance regulations have proven to be wholly ineffective at achieving their stated goals and, instead, created a two-tiered justice system.
Unsurprisingly, Senator Warren is doubling down on this failure.
There aremany great insights in this rip with nostr:npub13j76fjsmfz3wdfqd5cv3a7cwf3l8stgc5xyfllayyrsa9yrg4nfss2s940 but two stood out to me.
- China is running the Triffin's Dilemma playbook that made the dollar the reserve currency via their Belt and Road Initiative.
- "More will be caught than is taught."
Can’t win if you don’t think you can.
We’re going to win.
Don't let the price mania distract you from the speed bumps that are lying on the road ahead. All of the bullish fervor could quickly turn into existential dread if the Treasury has its way.
https://tftc.io/bitcoin-price-surge-treasury-regulations-impact-analysis/
"Would you say that there's multiple blinking red lights out there?"
"I see blinking lights everywhere I turn."
The lowest common denominator rhetoric is laughable. The FBI is known to manufacture "attacks" to justify their budget and agenda. Don't fall for this crap.
Why did bitcoin pump to $42,000? Who knows why, but here are some possible drivers.
Regardless of what the drivers are, always remember:
- There will only ever be 21m bitcoin
- Governments & central banks will never stop printing
- People need an exit