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Taking Care of Bitcoin
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Taking Care of Bitcoin Podcast

Bitcoin is about to teach the whole world a lesson of absolute scarcity.

I applaud all y'all for getting to class early 👏

Wait, but how does Jamie Dimon know Satashi isn't going to show up, laugh hysterically, and all Bitcoin will be erased??

Bitcoin is always seeking equilibrium

Price

Hash power

Fees

Difficulty

...

Bitcoin is an elegant equilibrium seeking machine

The government shouldn't control the size of the money supply.

The money supply should control the size of the government.

#Bitcoin

We've kicked the debt crisis up the stack from the banking level to the sovereign level.

"Too big to fail" has become "Too big to bailout"

#Bitcoin

The incentives are undeniable.

The choice is simple.

Individuals

Corporations

Financial managers

Pension funds

Endowments

Sovereign wealth funds

Central banks

Nation states

Join, or die

#Bitcoin   

If anything is "transitory," it's this tiny dip in the M2 money supply.

If anything is going "higher for longer," it's the M2 money supply.

"Government has no other end, but the preservation of property."

~John Locke

Inflationary currency is a direct assault on private property.

Government is derelict of this duty.

We all deserve better.

#Bitcoin

Inflation disincentivizes saving.

Without savings, there is no capital accumulation.

Without capital accumulation, there is no prosperity.

Bitcoin realigns these incentives.

Saving is possible.

Capital accumulation is possible.

Prosperity is possible.

Banks are illiquid at best and insolvent at worst.

They do not have your money.

If they fail, you lose everything.

If they get bailed out, you get debased.

Opt out of the ponzi

#Bitcoin

Isn't it ironic...

Just when we're at the precipice of issuing unprecedented amounts of government debt, a superior risk-off asset is born.

Bonds are dead.

Bitcoin is the savior.

Store of value assets...

Real Estate

Requires large down payment

Closing costs

Management

Upkeep

Property taxes

Illiquid

Immobile

Bitcoin

All the store of value proposition, none of the friction.

No barriers to entry

No management or upkeep

No property tax

Liquid

Mobile

Once you see Bitcoin, you can't unsee Bitcoin.

And more people are seeing Bitcoin every day.

#Bitcoin

Hard landing?

Soft landing?

No landing?

They've distorted the economy so badly, nobody knows what the hell is going on.

The U.S. government needs to borrow just to keep the lights on.

Any "yield" you make on a U.S. Treasury just comes at the expense of debasing your fellow man.

There are more moral ways to invest your money.

Opt out of the ponzi.

In the American Revolution, decentralized militias defeated a centralized army.

In the second American Revolution, decentralized money will defeat a central bank.

Life

Liberty

Bitcoin

🇺🇸

Happy 4th y'all!

With Bitcoin, the age of grift is over.

Watch the grifters.

Their anger will grow alongside Bitcoin's success.

Bitcoin is a fixed supply asset.

Look around, government spending in almost every nation is becoming increasingly, exponentially reckless.

Demand for Bitcoin will continue to go up because the need for Bitcoin is increasingly obvious.

Fixed supply.

Increasing demand.

Math.