Halving progress 32%. #Bitcoin

Saylor is a fiat retard and you need to stop simping him. like right now. or like yesterday.

I may or may not choose to elaborate on this, but rn I’m both angry and busy, #sorrynotsorry.

Money emerges to help individuals cope with the fundamental uncertainty of the future.

GM

I don't talk much about shitcoins, because I spend as little time possible thinking about them. I felt these thoughts bubbling up to the surface so thought I'd share them on Nostr.

I was seeking alternative currencies when I started using Bitcoin. During the initial wave of shitcoinery, I still had some level of interest from the "competing currency" standpoint, not at all related to pump and dump profiting. In fact, I was too naive to realize this is what they would become. Yes, I'm this retarded. 😂

Currently, I think of most shitcoins as a form of gambling. Gambling is idiotic and a waste of money, but that's my opinion. Some people want to do degen shit, and I'm not going to forcefully stop them.

I typically mute/block shitcoin stuff because I don't care about them. I don't waste my time looking at them, when Bitcoin does exactly what I need it to do. When people ask me my opinion on shitcoins I tell them to learn about Bitcoin and DCA sats instead.

Bitcoin is for anyone, but not everyone. I'd rather live in a world where not everyone wants to use Bitcoin. Maybe some want to voluntarily use bcash (lol) or monero. Live and let live. Voluntary money instead of forced govt fiat sounds ok to me.

To be clear:

I own no shitcoins other than two physical Lealana litecoin silver rounds that for some reason I've had since like 2013 or 2014. 😂 Not gonna lie, they look incredible.

In late 2017 I told Blockchain(dot)com I was quitting because they were adding shitcoins after supporting the failed Segwit2x chain. I left 7 figures worth of equity on the table when I quit, as well as a salary that was 4x more than I made at any point in my life. I could have stuck around another 6 months for those shares to vest, but chose to leave because yes, I'm this retarded. 😂

Does this make me a "shitcoin sympathizer?" Am I not "maxi enough" because of these beliefs?

Final thoughts: are all shitcoins scams? I don't think so, but many definitely are. Which ones are scams and which ones aren't? You can DYOR & hope you're right OR you can stop playing stupid games & just stack sats instead.

I'm glad I made the right decision.

One thing I worry about is if Bitcoin completely takes over as a store of value it would work rather too well to transfer wealth across generations, to the point where it starts to lead to very long lived dynasties.

Let's assume hyperbitcoinization already happened - I can just hodl, and get a safe, boring 3% real return by my Bitcoin appreciating. As long as you can live on less than 3% of your net worth a year, you are now financially independent. Not only that, but so are your children, and their grandchildren.

In the current systems fortunes have to be invested to keep their purchasing power, so you face *some* risk of loss. But if you hodl, as long as you use a good vault for the storage, there's very little reason any value will be lost to the family stack almost at all.

Not only that, but a relatively small amount of people mostly in the western world have cornered 70% of the supply of Bitcoin. What about if we're correct and this hodler controlled supply is the future capital stock of humanity? Now you have less than 1m people globally who control 70% of the liquid wealth of the world, that's horribly in-egalitarian.

Now maybe we as early adopters of Bitcoin deserve to get filthy rich for launching a new monetary system. But what about your heirs 3 generations down, should they control 70% of all liquid capital in the world?

Fast forward a few generations and you could have a new neoreactionary "noded nobility" class, hoarding most of the wealth, unironically telling the rest of society to have fun staying poor.

Classical Music: who are your favorite composers?

#[0] Verifying My Public Key: "Troy Cross"

This is my first NOSTR message. My public key is:npub1d3f4m9dgvkdjxn26pqzsxn6lpfn78sxwllxyt8mp76q0a9zyyjlswhr4xv

Sometimes when I’m on a flight taking off from a major city I look out at all the infrastructure and think, how the hell is all of this….GLOBALLY….going to be divided by 21 million. It’s totally surreal!

When I look at pictures of the great pyramids in Egypt all I can think about is the tremendous amount of slave labor that would have been required to build those things (the pyramids were originally covered in white *polished!* limestone so it would glimmer in the sunlight). More than half the population would have been slaves to these crazy rulers who thought they were gods on earth. What the world doesn’t realize today is that when 90%+ of the global population is in debt up to their eyeballs with no glimmer of hope to ever pay off their rolling and ever increasing debts, we are living in a very similar situation. One difference between then and now is at least the Egyptian knew they were slaves.