So, does nostr:nprofile1qqs2xs05tluhtr6hpgsmqqxp04898gayjlyrjlexcrndv8j6el784xqpz3mhxue69uhhyetvv9ujumn0wd68ytnzvuq3wamnwvaz7tmjv4kxz7fwvd6hyun9de6zuenedyplqkjh consider Bitcoin to be money 🤔

It’s a question I put to nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpp4mhxue69uhkummn9ekx7mqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvw5fcxa when we caught up earlier today.

According to the author of The Bitcoin Standard, which has orange pilled millions of people, Saylor sees Bitcoin as a unique, hard asset.

“One of the metaphors he uses is that it is like crude oil, in that it is a hard asset. And just like Standard Oil once refined crude oil into refined products like kerosene and gasoline, he sees Strategy’s role as.refining ‘crude Bitcoin’ into financial assets that people can use”.

This is a fascinating anecdote of Saylor’s Bitcoin thesis.

But Saifedean also reminds us that despite what Saylor might think about Bitcoin, it’s still money and will only become more valuable as long as the fiat money printer exists.

https://blossom.primal.net/50e32093cbf060f911d9edca1db735df8cd4421fc18fa9e01783921ea2b4cc4b.mp4

Ever wondered how nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3samnwvaz7tmjv4kxz7fwwdhx7un59eek7cmfv9kqfwmcsr discovered Bitcoin?

His famous book, The Bitcoin Standard, has orange-pilled millions. I’ve always wanted to ask Saif about his history with and impact on Bitcoin.

We sat down for a wide ranging chat at Bitcoin Amsterdam.

This is the backstory behind his Bitcoin journey AND a TL;DR of his newest book - The Gold Standard.

https://blossom.primal.net/f59be9eaeec56c867589f40ccb565586909c4b7546d7f5f4b3ef4efb2c46dd13.mp4

Man this is awesome

So, why is Elon Musk finally talking about Bitcoin's intrinsic connection to physics and energy?

As nostr:nprofile1qqsglmzzvfrcgk7aymek4e8hxaggc9wmasrag08p37xpx64euddvyyspr9mhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmd9uq3camnwvaz7tmwdaehgu3wd46hg6tw09mkzmrvv46zucm0d5v5rfs6 eloquently explains, Elon has firsthand experience trying to stop excess government spending with DOGE.

"He's run that experiment and he knows that it is not possible to rein in government spending when you have access to infinite money printing."

The answer?

"You have to have something that decouples money from the ability to infinitely print money. Because of his background in physics, he's clearly gone well, energy, that's not something you can print into existence. That's a fundamentally better way to create sound money. So gradually he's coming towards a conclusion that Bitcoin is it."

Batten believes Elon is inevitably edging towards the truth.

"Not because he's not incredibly smart, but just slowly because he hasn't had much of his cognitive bandwidth on this."

https://blossom.primal.net/f10f05a3d7cbd4f07336bc393cc010af6449652b6c9973e93c38a365b3f87899.mp4

“Zcash is a shitcoin.”

Another absolute banger from my interview with nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgppamhxue69uhkummnw3ezumt0d5q36amnwvaz7tmwdaehgu3dwp6kytnhv4kxcmmjv3jhytnwv46qdn9uv9.

We had a long chat about privacy as a characteristic of money.

For Saif, money that holds or accrues value overtime is far more important than money that preserves privacy.

"This is the question. How much demand is there for money that does not get debased versus how much demand is there for money that allows you to maintain your privacy?"

I’ll be dropping the full interview soon!

https://blossom.primal.net/50c2175cd4da231a814325789b747bcd591d8233d8b7c50c5c5a47e4d81fd65e.mp4

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots with the arrival of Bitcoin ETFs and Treasury companies?

I asked @saifedean this very question at Bitcoin Amsterdam.

His answer might surprise you 👀👇

"If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time,” Ammous said.

"To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that.”

"If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money."

I’ll be dropping the full interview right here on Nostr. Please 🧡&🔂

https://blossom.primal.net/1b5fd36788f5233203b0f90b8a4f7481e8cc33cbaf3841fa244a1ec4ee18b163.mp4

Excited to drop my full interview with nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgppamhxue69uhkummnw3ezumt0d5q3gamnwvaz7tmjv4kxz7fwv3sk6atn9e5k78de0g7 this week!

We had a fantastic conversation at Bitcoin Amsterdam, here’s the TL;DR 👇

🪙Truth about Bitcoin Treasuries

🔏Is Bitcoin losing its cypherpunk roots?

🥊Bitcoin vs Zcash ("Zcash is a 💩coin")

💸Hyperbitcoinization may take 15-20 years to achieve.

Like, repost and follow - full video drops soon 👌

https://blossom.primal.net/c1088a7c2d0854945887e8ae0969f77f208548113b896a42a2c3b34c329d9b8b.mp4

You’re not wrong 🤣🤣🤣

I’ll be doing it as often as possible

I want it 🤣

Hey nostr:nprofile1qqs9xtvrphl7p8qnua0gk9zusft33lqjkqqr7cwkr6g8wusu0lle8jcpzamhxue69uhkummnw3ezuurpwfjhgmeww3hhwmspzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgmmrdqz thank you for the 21k sats I’ll be paying it forward!

This made me so bullish on Bitcoin.

I’ve earned ~9000 sats posting content on nostr:nprofile1qqs9xtvrphl7p8qnua0gk9zusft33lqjkqqr7cwkr6g8wusu0lle8jcpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgcwaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2aquntzdg this year.

I just used that Bitcoin to pay for coffee at Bitcoin Amsterdam.

Earn sats creating content, then let the Bitcoin flow with Lightning ⚡️

nostr:npub1lr2zzf989mvf393y0tv39ara6a4vddkd6y87z784up9vl6ks6j3qtudl6a did I do this right 😏

https://blossom.primal.net/b606e0bd5feaa3835cde0d5de4bf1b6bd98cbd302339ba82f8b3f0f86b3d1013.mp4

Did you know that Trevor invented seed phrases that over 300 million wallets use today?

"The seed phrase, the wallet backup, the way you write down those 12, 20, 24 words, was actually invented by Trezor, the original founders. That is BIP39."

This was an absolute gem of an insight from Trezor CEO Matej Zak on our latest Chain Reaction show.

https://blossom.primal.net/be857bfd1d1369e9076e33c0aadf87dce526dab663b3f9a3ee412f2ca1ddb105.mov

Bitcoin as money vs Bitcoin as a store of value.

Jesse Myers (Croesus) from The Smarter Web Co breaks down WHY Bitcoin can be all these things at once:

🕊️Feedom money for the sovereign individual.

🪙 Unrivalled store of value for institutions and companies.

https://blossom.primal.net/17119e0604993fdb31932ca093423f03aac22d82c221f2564e9f8ae55715bcff.mp4

This scares the shit out of me

Autumn will do that to you bru 🤣

"Why would I spend my Bitcoin? It's your one chance to save generational wealth." ❌

You'll often hear that from Bitcoiners in the Western world.

But in 🇿🇦, we have a different relationship with money.

"When you do start spending Bitcoin, you buy more Bitcoin so you can spend it as well, then you end up saving more as well. So you actually end up in a better position," says Carl van Wyk from nostr:nprofile1qqsz85k206vm3vqdmlvcy9l4kyfqchlnf4hnctasxufa3ph0ck9decgpz3mhxue69uhkummnw3ezummcw3ezuer9wcq3wamnwvaz7tmwdaehgu3wvekhgtnhd9azucnf0g6jvr3g.

It's even more powerful in Bitcoin circular economies, as Hermann Vivier from nostr:nprofile1qqsptpha27kgrdnpw7cqs7ascrayvheshxy4jjwgjd5rdmz7dngnzvspz4mhxue69uhkummnw3ezummcw3ezuer9wchsz9thwden5te0wfjkccte9ehx7um5wghxyee00p2zjr explains.

"What we're trying to do is to get Bitcoin to flow within the local community. It's not about how many merchants you onboard. It's about what happens to the sats that you spend," Vivier explains.

"It's not about going out and onboarding shops. It's about onboarding one shop and then playing detective and finding out what they are doing with the sats that they are receiving."

"You want to try and circulate the sats in the local community. You don't want those sats to leave the local community as far as possible. And with the effect being that when people are spending sats in our local circular economy, the value stays within the community."

This was one of my favourite Bitcoin-focused #CHAINREACTION shows to date.

You can find the full video on X.

https://blossom.primal.net/0d17725d1d01780df23803d5f1a96d195c4a6140a6286b42cbe692bc2fcd5649.mp4

“Bitcoin doesn’t need you, YOU need Bitcoin” - nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzpmhxue69uhkummnw3ezuamfdejszxnhwden5te0dehhxarj9ehhyctwvajhq6tvdshxgetk0a3wm8

At the individual level 👨‍💼

At the family level 🧑‍🧑‍🧒‍🧒

At the corporate level 💼

At the country level 🌍

I’ll be posting our fantastic conversation from Bitcoin Las Vegas this week

⚡️& 🔁

https://blossom.primal.net/b381380eb0d76492b99157a5364d6d1a0f23bcdc584e8d804df78550f007e120.mp4

Bitcoin neon sign has arrived.

About to level up the home studio!

Brady the cat approves 🐱

Why are so many Bitcoiners skeptical about Bitcoin Treasury Companies 🤔

🤯 Hard to understand financial engineering

💹 Share shilling tied to BTC

Bitcoin OG nostr:nprofile1qqstn8du5qvy5vkw2kgyevn8kghyxjpre9l5rrekmt6a9hlsm4a4cfcprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqythwumn8ghj7un9d3shjtnrw4e8yetwwshxv7tfhkp82w unpacks the core reasons and also explains Nakamoto PIPE unlock situation

Full 📺 in the comments 👇

https://blossom.primal.net/7d3d6a606857ad5827561189afd399f77d0942da53ec351fa9a5e520c23d1048.mp4