“The Plan” by Dr. Jeff Ross:
Step 1: Operation Choke Point
Step 2: Devastate regional banks, venture capital, stablecoins, and crypto without any chance of bail outs
Step 3: Chastise the above-mentioned entities for being too risky for retail investors and make examples of them
Step 4: Introduce CBDCs as the “much needed, risk-free” alternative
“The Solution” by Boniq:
Get #Bitcoin and deep freeze it for at least the next 3-5 years.
Nik Bhatia on Swan Signal 3/9/2023:
“Lightning now has to be taught within #Bitcoin 101. It’s part of my mission as an educator. #Lightning Network education must be folded into Bitcoin first principles to understand and explain Bitcoin’s role in our society, Bitcoin’s role in international finance, Bitcoin and Lightning Network’s role in the functioning of a payments network, Lightning’s role in Bitcoin becoming a capital market, and having an interest rate complex within it, which Bitcoin already does…as Lightning Network grows we will see more people publish their yield that they’re earning through Lightning and I do hope and believe one day that yield will be recognized on a global basis as one of the risk free benchmarks, or a reference rate for other capital market activity.”
The funny thing is, he was talking and writing about this idea five years ago, and River Financial published an article in October 2022 that basically demonstrates how this is turning into a reality.
Nik and others are so far ahead of the Jamie Dimons and Charlie Mungers of the world and most people don’t even know who they are.
Link to Nik’s work on the topic (Part 1 of 4): https://timevalueofbtc.medium.com/the-bitcoin-second-layer-d503949d0a06
Link to River Financial paper:
Just be your true self
Don’t resist it or fight
For the birds don’t try swimming
And fish don’t attempt flight
GN 🌙
Funny how cold storage gives me such a warm feeling.
NOT BUYING #BITCOIN IS A US NATIONAL STRATEGIC SECURITY HAZARD.
Step 1) Convince the American public to steer as much of their internal capital away from #BTC as possible. Convince them there are other protocols that are better. Create a huge misinformation campaign to discredit Proof-of-Work. Convince them that proof-of-work is bad for the environment. Target prominent American #bitcoiners with spam bots. Make American Bitcoiners look like trolls.
Step 2) Bait the US into shooting themselves in their own foot by giving the entire world a reason to get off the USD standard, like a massive spree of money-printing & inflation (due to a Chinese lab-leaked coronavirus) or denying sovereign nations off SWIFT (due to a Russian invasion).
Step 3) While the US doesn't know what's happening, do a rapid 180 flip on #Bitcoin . Build a gigantic hashing infrastructure in Siberia. Rapidly become a global leader in Proof-of-Work tech.
Step 4) Reprice exports in #Bitcoin . Convince other nations to do the same.
Step 5) Sit back & enjoy the show.
#SOFTWAR
Credit: Jason Lowery
This fire sale is great.
The majority of people selling their Bitcoin right now are going to buy it back before FY24 starts on April 1, 2023.
Why? Because Biden just announced that people will no longer be able to sell crypto (using the “c” word because it applies to all, not just Bitcoin) and then buy it back immediately and still claim it as a loss on their tax returns (tax harvesting). This has already been the case with equities for a long time.
It was inevitable that it would be the case in this space.
Myself and other Hodlrs couldn’t care less, and it’s actually exciting to be able to buy even more Sats at a discount.
At the end of the day, you’re either in Bitcoin to exit the fiat game or using it to try and win the fiat game. If it’s the latter, you will ultimately lose.
The statement about being in partnership with the Ethiopian government is from Charles Hoskinson.
The other is from Kal Kassa, an Ethiopian Bitcoiner.
It’s a rather profound statement when you think about it. There are many reasons to hate on shitcoins, but this is so simple.
At its core, the point of Bitcoin is to separate money from state. Why would you ever trust in an organization that is outright promoting a partnership with the state, and a very corrupt one at that.
Hopefully Ethiopians and other Africans don’t fall for the Cardano trap.
Pura Vida 💜
Bitcoin is oversold and I’m overjoyed to buy more sats at a deep discount.
GM ☀️
We usually fall, quite unawares, into assuming that what we are thinking—the ideas and opinions that we harbor at any given time—are “the truth” about what is “out there” in the world and “in here” in our minds. Most of the time, it just isn’t so.
Jon Kabat-Zinn
Bitcoin is a powerful force that operates outside of human control. It represents an anti-fragile, living organism that will eventually consume all of humankind's economic energy.
Like a candle in the darkness, it shines a light on the possibility of a new economic system.
Those who do not see its value simply cannot see it yet, but with time, the truth will become clear.
Let us embrace this new frontier with faith and perseverance, knowing that we are standing on the precipice of a new era in human history.
“Everything you can imagine is real”
-Pablo Picasso
GM ☀️
Once an individual comprehends the potential of bitcoin, the profound realization becomes an indelible imprint upon their psyche. Furthermore, the continued journey of discovery unlocks new portals, akin to finding keys to doors that were not even within their field of vision.
On January 5, 2023, Italian economist Fabio Panetta said the following:
“Unbacked cryptos lack any intrinsic value, too. They are speculative assets. Investors buy them with the sole objective of selling them on at a higher price. In fact, they are a gamble disguised as an investment asset.”
In my view, the exact opposite is true with regards to #Bitcoin once you understand what it really is. It is the hardest asset to ever exist disguised as a gamble because the vast majority of people are entrenched in the current system. How can we not be? No one alive today knows anything other than the fiat system. People born when the Federal Reserve was created are nearly 90 years old today.
More and more people are learning about Bitcoin and as they learn more, their goal is to accumulate it, store it, and only spend it in efforts to promote a circular economy.
That’s the magical effect of learning about bitcoin. Even if you begin with a speculative mindset, you can’t remain that way if you stay curious and keep digging.
Simple, yet profound and powerful. I come back to it often.
GM ☀️
Make today a day of action.
While worry and fear are emotions that can’t always be corrected with logic or reason, they are always at the mercy of action.
If you’re afraid or worried, act. Even if your actions aren’t entirely appropriate for the situation, the very act of doing something, anything constructive will have a positive impact on your mind and attitude.
No #Bitcoin, No Life
Know Bitcoin, Know Life
Many people think the problem is that they don’t have enough time to do what they really want to do.
More times than not, people have no idea what they really want to do.