So hiw would something even better than Gold, kuchbitcoinkuch, be classified 🤔
UHQULA ?
Aka: Ultra High-Quality Ultra Liquid Asset.
It definitely sucks
Would you mind you elaborate ?
At $100,000 one Sat is 0.1 dollar cent.
At $1million a Sat would be 1 dollar cent.
Why would we need more divisibility ?
And on LN we have sub Sats right now.
Do I miss something ?
Are you talking about a country where one Sat has a too high value to he usable?
"the masses will wait till they start missing food for up to 72hrs at a time before they wake up and start looking for non-state solutions. "
Don't forget the phase where they will blame all on those that did prepare, and try by force to take anything and all away from those.
If things turn for the worst, most have no idea what others are capable of doing.
I think current situation with outsized gains are abnormal.
It will slowly turn into a way more stable money/SOV.
That will trigger people to look for yield.
Make them invest their Bitcoin.
Nevertheless it will make it way less interesting to spend it like we now spend fiat.
That will make us/economy way less focus on consumption and through away quality.
That's either a lot of OGs selling or a lot of pBTC changing hands.
https://video.nostr.build/ea110ca2459d8d46ae62be24af7559b47a4ca86e598bd1e51a9905f5231a49e3.mp4
We plebs can't see/know what is happening to #Bitcoin any more.
Untill some 6 years ago we could see onchain data, look at the orderbooks, and be quite accurate about demand supply and understand price action.
Nowadays there is too much OTC or paper-BTC moving around to understand price movements or lack of movements.
I feel a bit pitty for new Bitcoiners, they fully have to trust Bitcoin to keep doing its thing and be patient.
For those who already have some serious wealth in it that is a bit easier I think.
There are three types of people who use "Intrinsic Value".
1) Those who haven't given it enough time to understand
2) Those not capable to understand.
3) Those who are not honest with you.
Knowing what type you are dealing with can be helpful.
Non plebs now own 3.64 million #Bitcoin.
At this moment that is growing with a rate of 3.62% each Month (that % was lower the last few weeks).
If that would continue, in just 2 years they own half of all #Bitcoin.
In 3 years they would own all #Bitcoin....
It can't continue at this rate.
So either demand will slow down or price must go UP.
It is to protect you 😇
I mean they also protect you against gambling, getting into way to big debts and so on.
There is really too little appreciation for what those banks do to protect and support us.
It is surprising how well the improving buying power prevents you from waisting your money on unneeded things.
All these very tempting things that are factually just for fun are looked at differently.
The whole idea that in a few years you can probably buy way more with your #Bitcoin is the perfect and I think needed filter.
For everything you need, it is a more or less a no brainer to spend.
But all luxury, most of which is a double edged sword since it fastly depreciates in time, is looked at differently.
Saving is also rewarding as it increases your buying power.
All these things are opposite to fiat.
It really makes you look different at that whole corrupted system.
One of the latest things I got over with is interest.
It took me quite a while to realize it is one of these things we think we are entitled to.
And I think it is mostly because we gain from it.
But I finally came to the conclusion it is a existential feature for the fiat system.
It has two knobs; the creation/destruction of fiat and the interest rate.
Besides forcing the system on people, simply by law and demanding taxes to be paid in fiat, interest is the mechanism that makes it interesting for people to hoard it.
Without interest the inflating money would only incentives people to spend it as fast as possible, and Gold would probably still be used as store of value by many.
The whole Keynesian theory is based upon those simple rules and just describes how governments/banks can use the system and to justify its existence.
It is brought as the holy grail to control everything (for the good of course) and insure a stable society/economy.
But it doesn't explain how it is used to enslave us and used as oppression tool not to mention enables them to rob us.
All this is needed to see the true value, usability and fairness of the #Bitcoin system.
Humans need to compare things to be able to see advantages or disadvantages, to see what is beter or worse.
Suffering is needed to better enjoy or appreciate good times and vice versa.
It is one of the reasons the fiat system was accepted for so long, the only alternative, Gold/Silver, was way more cumbersome than fiat and is fully knee-capped.
But now we have a better Money than fiat was and with more usability than Gold had.
And on top of that gives us back our freedom !
Once you see these facts it can only surprise us how hard it seems to be to see/realize all this by the masses.
But be fair, how long did it take you to see all these things and switch to the #Bitcoin Standard ?
How can such a simple concept, ok two to be exactly, be misunderstood for so long by so many ?
It just shows how many won't be ready to grasp the less hard aspects of Money.
So it will actually take 2 months,just to get clearance....
And also the reason it won't happen, imagine the implications....
But Bitcoin is risky, used by criminals.... 😜
Not to mention retail to start waking up and start filling the mem-pool again 🤔
I'm just wondering how long can the market supply thos numbers of #Bitcoin, especially without price exploding....
Strategy is one regular buying party, but I see more and more others buying those numbers of Bitcoin.
Like, Twenty-One, Anchorage Digital, etc.
And next to that the many smaller companies telling they are buying thousands of Bitcoins....
All previous up moves where rather Jerry.
My guess is next up move is going to be a real surprise for most..
Not to mention 'scary' 😬
Incredible! nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle and Twenty-One aquiring over 43,500 BTC ($5B) before the company is even approved for the public market.
Twenty-One will be the greatest financial service company ever created. This is just the start.
#bitcoin #twentyone
I don't know if Twenty-One is actually acquiring those #Bitcoin on the market or have some other source ?
But those numbers, just like Strategy bought another 21K Bitcoin this week, are mind boggling.
Even more mind boggling is that those numbers of Bitcoin are available without having any real price movements as consequence....
Demand is increasing.
At some point it will outpace supply.
I don't know where we are on those moving lines but they will cross.
In my mind it can only have an explosive price reaction as consequence.
And I'm ready, as 'bring it on' 😁
You seem to understand what is not wealth (fiat), but imply you don't know what other stores of value are out there, housing is just one, artificial inflated but still ?
Strange 🤷♀️
I mention without signature.
But you getting into such details is telling 🙂
What you COULD be missing:
IF the next core release enables anyone to transact with any UTXO that would still be a 'valid #Bitcoin transaction'...
Now take some time to let the consequences sink in and stop using those generic words like 'valid transactions' 'arbitrary censorship' etc.
It doesn't help the discussion a single bit and reads like a r/Bitcoin comment...
I would say the wealth transfer hasn't really begun ?
Yes the $ price increase has been huge in these 16 years, but total wealth transfered into Bitcoin has just been starting.
"Capitalism" is mostly, just like any other word, (ab)used without stating the definition they have attached to the word.
We see this most clearly in politics, economics, monetary theories etc.
You can just label something "Far-left, Far-right, Capitalism, Inflation, Ponzi, Climate-change, Owning class, Commies, Nazi, etc. and use it to come to some conclusions.....
It works best to hide the labeling all together and just use those words by slipping them into a conversation as being obvious what it is..... and move on to first the subtle mind settings to go to conclusions, to finally arrive to the usually extreme convictions !
If we don't take a step back and agree on the meaning/definition of the words used don't even start an argument.
It is waisted time.
Once you start to notice these practices you will see how often the are abused in news, propaganda pieces, and yes in every days life.
Guard yourself against it.
Lets hope they all sell on the same time.
Cheap sats are always welcome.
#Bitcoin is free.
Own Bitcoin or not, use Bitcoin or not, use it the way you want.
By anyone, that includes Governments.
It is NOT #Bitcoin's function to protect against government overreach nor abuse.
"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
The longer you are into #Bitcoin the better you understand this way of thinking.
We can't do the thinking for everyone.
If you are interested you need to put in the time yourself.
It is often seen as arrogance or not willing to spend the time to explain.
Well just "sorry" !
“I think we'll need new governance structures, institutions probably to help with this transition. So I think political philosophy and political science is going to be key to that.
But I think the number one thing, first of all, is to create more abundance of resources. So that's the number one thing, increase productivity, get more resources, maybe eventually get out of the zero-sum situation. Then the second question is how to use those resources and distribute those resources.
But yeah, you can't do that without having that abundance first.”
From Lex Fridman Podcast: #475 – Demis Hassabis: Future of AI, Simulating Reality, Physics and Video Games, Jul 23, 2025
https://podcasts.apple.com/us/podcast/lex-fridman-podcast/id1434243584?i=1000718721313&r=6895
This material may be protected by copyright.
This is the CEO of Google Deepmind talking about the priorities for AI and the main problem we need to figure out is how to distribute this abundance.
Who’s gonna tell him?
#Bitcoin
Root problem, one of them, is people abusing power.
I think we can't prevent that from happening so lets start by reducing power concentration.
That means way less government, way smaller companies.
Yes, that probably means less luxury.
If unlimited resources would solve things we already would be happy.
But the fiat system proves that unlimited fiat doesn't solve anything long term.
I think we should learn what really makes us happy.
And mostly material stuff is just a small part of that.
Altcoins 100% bullshit 🤷♂️
I quited with the bullshit when I found out I got a better evaluation doing nothing but telling them what they wanted to hear than actually doing my job.
It is amazing how those companies can function/survive at all.
Covid made the whole situation even more surreal.
Thank God I could leave that behind me.
Thank God there is PLENTY of FUD left 😇
The time is close users will actually use #Bitcoin, without knowing it, but complain about #Bitcoin being difficult, a scam, useless erc.
🤷♂️
Because if one of the 100 million shitcoins out there isn't what you are looking for I'm convinced #Bitcoin with that feature also wouldn't be what you want ?
Trying to figure out the real drive of people isn't easy.
Most of the drives are not that beautiful so many aren't open about it.
I have enough work to do to mostly focus on myself 🤷♂️
I think that is just how it works ?
At some point larger numbers just don't make much more sense.
Everyone has dreams and a limited time on this earth.
So at some moment most will spend.
It can be food, housing, retire, or whatever, Everyone has some point where every day needs or wishes become more important that some arbitrary increase in their net wealth.
Nevertheless the number of #Bitcoin is limited.
So also for OG's spending will be limited.
I'm convinced the fiat speculation game has also affected #Bitcoin.
Most Bitcoin exposures via hedge funds and structured products is paper-based and is only backed by margin, rehypothecation, and trust.
It has caused to temper #Bitcoin upwards trend.
But that also means the price pressure has coiled-up.
If the price breaks out, by simply too much real demand / too little supply, short positions will be forcefully terminated and cause a so called short squeeze.
We have seen some amazing samples of derivatives squeezes in the past, and a very interesting one is the silver squeeze caused by the Hunt brothers.
The problem with derivatives and physical, thus limited, commodities is that when the delivery of that commodity is requested and that commodity is not sufficient available the price movement will be extremely volatile and only increasing the problems.
It is hard to imagine what will happen when the only absolutely capped commodity will enter such a market condition.
Extreme price increases will only create more demand.
There are no safety switches that will stop trading.
Nor are there any cool down periods build in since trading can take place 24/7/365.
I don't think it will be healthy.
But considering derivatives speculation is building up, the limitless amount of fiat sloshing around, and the mentioned properties of Bitcoin, it is almost certain to happen at some point.
And sorry, no this is NOT a God Candle:
He never stated he was doing a good job 😇