Great book, top 3 in the space for sure! 🤝
We need to keep working so Bitcoin is bulletproof, monopoly-proof, AI-proof, dystopian-proof, and everything in between.
Proof of work is the answer.
Every time I think about Satoshi, I can't help but realize how much of a genius he was, or how deeply this group understood what was coming.
There's something so remarkable here that words can't fully capture it.
There is still work to do.
Impressive
Human Brain = 20 watts and 1 exaFLOP. An AI equivalent (GPU driven) consumes 6,500 watts. Nature is awesome -- still winning the efficiency game!
can ai compete?
SB 1047 passes assembly, but remains well below the veto threshold (54/80).
It will now move to Gavin Newsom's desk.
It's frustrating to see clueless politicians, who openly admit they barely understand the industry, making decisions that could cripple it.
They’re being manipulated by Machiavellian, doomsaying bureaucratic saboteurs.
The negative impacts will be widespread, yet the blame will likely never find its way back to them.
It's a sad day.
California is now officially the deceleration capital of the world, second only to Europe.
hahaha
I am willing to be misunderstood for long periods of time.
Are you? 👀
Cherish this period; it holds a unique charm you'll look back on fondly.
"Life" is exceedingly "brief".
- Don't squander it.
- Extract every bit of joy and meaning you desire from it.
This is why I am in the #Bitcoin ecosystem,
This decade is set to be monumental.
Hard Truths = Achieving success is seldom easy and never without cost.
Statistically speaking,
most of us are among the most fortunate individuals ever to have existed.
- That doesn't mean we're devoid of challenges.
- Everyone faces difficulties.
- It's vital to maintain a broader perspective on just how privileged we are.
Practice gratitude, buy bitcoin, study and chill.
Stop letting fucking people in "power" control your every move,
The state mishandled your finances.
The state mismanaged your energy sector.
The state jeopardized your food supply.
The state compromised your education.
The state undermined your healthcare.
It's time to reconsider your allegiance to such a failing system.
Time is the most important concept to grasp.
Yet, some still fail to grasp this,
Time is our scarcest resource.
Time is the canvas on which life is painted.
Time is the currency of experience.
Time is the ultimate judge of our actions and choices.
Stop wasting it.
Impatience for victory will guarantee defeat,
Always remember that,
Bitcoin is a patience game, a shift, a revolution.
We must be prepared to have patience for long periods of time and be willing to be misunderstood.
And always,
stay diligent
How did we get here? 🤔
1. The federal income tax was initially introduced to fund war efforts and targeted a mere 1% of Americans at a 1% rate.
2. Today, over 50% of Americans pay income tax, with rates exceeding 50% for some, a drastic shift from its original intent.
3. The proposed taxation on unrealized capital gains threatens to expand from a small group to potentially millions of Americans.
4. The concern is not just the current targets but the potential for future expansion, leading to widespread, unpopular taxation.
5. Taxing unrealized gains introduces volatility and unpredictability.
6. The policy could force investors to sell assets prematurely, harming long-term economic growth and investment.
7. Historically, the U.S. tax system has incentivized long-term investment, but this change could push the country towards short-term thinking.
8. The risk is that the introduction of such a tax could set a precedent, making it easier to expand and modify in the future.
SLIPPERY SLOPE
9. This is absurd, how is this even being proposed?
10. This is shifting to a system that punishes success by taxing unrealized gains could undermine the future prosperity of the nation.
Playbook for This Decade:
1. Bet on and create within exponential curves (e.g., #Bitcoin, AI, longevity, etc.).
2. Do not bet against exponential curves.
3. Lengthen your time horizon.
4. Ignore noise.
Cold storage remains the gold standard
Binance has seized all Palestinian assets at Israel's request.
🇺🇸 Congressional Democrats asks the FEC to censor Elon Musk's Grok AI.
They have cited threats to democracy from its image generation
Being patched, everything is getting extremely weird,
What could go wrong?
censor in the name of "security"
👏🏻
The Great "Malaise"
1. Money loses value annually due to inflationary pressures, diminishing purchasing power.
2. Metabolic damage accrues from widespread consumption of toxic and nutritionally poor food practices, contributing to chronic health issues.
3. An increasing number of people are choosing to forgo romantic relationships, driven by societal shifts and changing personal priorities.
4. The rise of AI technologies gradually erodes individuals' sense of usefulness.
Studying #Bitcoin fixes this.
Secret way to keep your time?
BTC is the only asset in the universe that you can truly own.
How? Why?
Everything else you have in your life, you own at the pleasure of someone more powerful than you.
You think you own it.
You have it until it's taken away.
Bitcoin's the only scarcity.
It's not a commodity.
A commodity is something you can create infinite amounts of.
Bitcoin's the first absolutely scarce commodity in human history.
It's not an equity. It's not a property. It's not a commodity. It's something different. It's new.
Given the fact that it's new, there's nothing to compare it to.
So you've got to ask the question, if there is no scarce commodity in the world, what is scarce?
Find me anything that's scarce.
And I've got the hourglass up here to make a point.
No amount of money will buy you more time or more Bitcoin.
If you consider the nature of the universe as a physicist, the one thing that's scarce is time.
Time is the true ultimate scarce asset.
That's how the universe works.
We have bottled time in a Bitcoin.
If I give you $100 trillion, you won't get more than $21 million in Bitcoin.
We have created the perfect monetary asset because we have figured out how to duplicate the benefits and the characteristics of time.
when you measure your life and everything in your life, you have to measure it against time because time is the one thing you're not getting back no matter what.
Nothing stops this train,
1M BTC extremely plausible,
-nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle
The game plan,
1. Know what you own. (dyor)
- #Bitcoin is the one thing in the universe that you can truly own.
It's the safest, most predictable, longitudinal, and autonomous monetary system/property/asset.
2. Have a regular DCA;
-if it dips -5%, buy much more if you are able.
3. Just hold,
-study for fun and more understanding,
-add a skill to generate more fiat if you want more sats.
4. Never use forced leverage.
5. keep going; 10 yrs will pass and you won't regret a single thing.
literally 🙃