I wish we could know the real number.

I define a bitcoiner as someone who 'gets it' and understands the problem the asset is solving and its value prop. I don't count crypto traders, dabblers, and degenerates.

I would guess less than 1 percent. BT felt like it was fairly insular and more for Western technophiles, Austrians, and anarchists than people who used Bitcoin purely out of necessity rather than a combination of necessity and ideology.

Meditations.

It's so often recommended that it's become a trope, but it really is a mind altering book on how to be a better, more self-restrained version of yourself.

It was so impactful to me partly because it's just personal reflection and observations. It wasn't written for a profit or fame.

Been there, it is really disheartening. But you are still helping them even though it doesn't feel Like it sometimes.

Everytime you talk about it, it gives them a touch point, an experience that normalizes it even if only a little.

It took me 4 or 5 'encounters' with Bitcoin before deciding to investigate it for myself. You trying to help them understand is an important part of their process getting there.

Muun is the one I introduce people to and have had good reception for so far.

Grotesque.

GN 🌜

This is the funniest and also cringiest thing have seen in a while.

I wish I had been in Twitter to witness it 🤣

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GN

And miles to go before I sleep.

This is my favorite poem 💜

It's a consistent and very real factor in human decisionmaking. We're talking about literally millions of human beings that exist within the government.

You have to account for the fact that incentives drive behavior if you want an accurate read on why a particular person or group of people behave. It's not the only thing that drives behavior, but it's everpresent.

What did you mean when you said it only works if corruption is assumed as a standalone event?

It's easy to forget that all the government is, is a collection of people.

People who follow their incentives. Except it's distorted because their performance doesn't matter, but the perception of their performance matters very much.

So they turn into parasites who get paid and have job security for a song and dance routine that doesn't solve any problems and actively worsens the situation in the long run.

They work for the elites in the sense that the elites know how to leverage wealth and power to play on the incentives of bureaucrats and elected officials.

Most of them are not on Dr. Evil's payroll, they are just working for themselves to keep the grift going for as long as possible.

With you.

Best presentation I've seen in a while. I'm going to be sharing this out to the normies I've been working on 🔥

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Rigid thinking is a helluva drug. He could have maintained a hard money maximalist stance and educated himself early.

I think it depends on how the powers that be try to close access off to regular people

If exchanges are allowed to continue to operate little fishes will continue to buy real Bitcoin. Blackrock and their ilk will also be buying, but it won't be just them.

My only point is that I think 99% of bitcoiners do in fact have a price at which they are willing to part with at least some of their stack. That will end up in the hands of other plebs, newcomers, Blackrock, and any anyone else willing to buy at the spot price and self custody.

I do agree that Blackrock will eventually rehpothecate. And they'll get blown out as a result.

Enriching people in dollar terms will lead to selling for dollars, which means wider distribution.

It's the same as with previous cycles, but with a larger market cap. New entrants are going to sell while in profit thinking they are geniuses, but some will hodl and learn and become the latest wave of bitcoiners.

I can disagree with you -vehemently- on some topics and still respect you and consider you worth 'following.'

Learning to deprogram myself from black and white thinking has been the most difficult exercise of my adult life. But it's an ongoing process and I still find myself falling back on old modes of thought that are more convenient.

I blame public education and MSM. We are very easy to lead if they keep the strings hidden.

🎯

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CAPS ODELL is the signal I've been waiting for

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His incentives are pretty clear. He's a great example of what we are going to see a lot of in the coming years - businessmen with suits and deep pockets enriching themselves through the protocol.

I'm just glad that most of the supply is spoken for at this point. Less coin in those hands is a good thing.