Avatar
Bitcoin Evolution
8f77d784687e1b47cf03302d7471b146bf6af2c667a2e8ae870590abf0d4625e

It's hard to express the amount of creativity and productivity that will be unlocked when we stop spending all this energy trying to take advantage of each other. Humans are absolutely incredible when they can focus on doing something rather than what other people are doing.

It's not about pumping my bags. It's about prosperity of human civilization. I just happen to be long human civilization. #Bitcoin

As a ultra hard commodity money free of counterparty risk on the process of monetization, Bitcoin should behave as both a "risk on" asset that absorbs liquidity in good times as well as financial Armageddon "nothing else is safe" asset. It has only existed during a period of high liquidity and good times, until now.

If money is economic energy and energy can neither be created nor destroyed, is QE money printing or not?

It’s not enough to go around crying for freedom. There is a cost to having freedom. Freedom must be enforced by creating anti-tyranny technologies such as the printing press, the internet and bitcoin.

Using #Bitcoin as pristine long term (over)collateral is the path to reduce volatility and further monetization. Once it gets boring, builders can build. Short term leveraged speculators can go play with shitcoins.

I used to think that the US banning bitcoin would send it into a nuclear winter, now I’m starting to feel that it would be super bullish for anyone in the global south. The amount of capital flight from US to the global south, innovation and development in the regions that need it the most is hard to fathom.

Replying to Avatar Lyn Alden

Too many people have given Elon a pass. Don't give him a pass.

He's a marketer, not a founder or an engineer. He didn't found PayPal or Tesla; he bought into them early. He's good at selling narratives and equity valuation for perpetually unprofitable companies.

Everything for him is a narrative. His green revolution was a narrative to sell more cars and get more subsidies. His bitcoin purchase was to gain appeal among bitcoin/crypto people in a bull market. And he shilled doge like a dumbass. His SpaceX narrative is to get money from the government.

His rooftop solar thing was an outright scam; the technology isn't ready and went nowhere because of that. His full-self-driving-in-an-intermediate-term timeline was a scam, and is going nowhere because of that. He makes scams to draw people and capital in, because for him it's all about narratives and equity valuation.

And then he dug unproductive holes, suggested unproductive hyper-tubes, built meme flamethrowers, for what? It's a narrative, not a business. None of this is real productive shit to make peoples' lives better.

His latest "we need free speech" narrative was a scam too. He tapped into something real, which is what marketers do and why it kind of worked. Yes, we need free speech. Yes, Twitter had censorship issues. He saw that and jumped on it maliciously rather than productively.

But what did he replace it with? He replaced it with arbitrary journalist censorship about his private jet, arbitrary censorship of Substack, selective Twitter Files release, won't talk seriously about any of his China connections because Xi Jinping fucking owns him economically there like Jack Ma, has his balls firmly in his grasp, etc.

Elon's playing the narrative, the anti-woke meme of the day. He's a master meme-momentum-player. Don't fall for it.

Savage Lyn with gloves off is the best Lyn. Keep it up!

No one is being prevented from trading bitcoin into anything, people are being prevented from trading fiat into bitcoin.

#bitcoin não é dinheiro, não é reserva de valor, falhou em ter qualquer utilidade e deveria ser probido, mas não deixe de pagar imposto sobre o seu #bitcoin.

Se o seu governo dificulta investir fora da jurisdição dele, nenhum investimento dentro da jurisdição dele pode ser bom.

Se o seu governo dificulta investir fora da jurisdição dele, nenhum investimento dentro da jurisdição dele pode ser bom.

Stay solvent, run banks

So... Is this how "suddenly" feels?