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Seth Michael Steele
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We must live together as brothers or perish together as fools #Bitcoin

If GameStop were to convert all its cash reserves into Bitcoin, it would rank among the largest institutional holders. That realization caught me off guard, not because GameStop is particularly wealthy, but because it highlights just how early we still are in Bitcoin adoption.

If a mid-sized retailer could instantly place itself among the giants simply by reallocating its balance sheet, what does that say about the broader financial landscape?

It suggests that the institutional wave is still in its infancy, and those who recognize this first will be at a significant advantage.

When considering the best financial strategy, converting cash to Bitcoin is one thing, but selling debt or structured financial products in exchange for Bitcoin is an even more powerful move.

This isn’t about gambling on altcoins or getting caught up in speculative hype; it’s about positioning for a future where Bitcoin becomes the ultimate settlement layer.

Any argument against this that relies on diversifying into unproven tokens is rooted in speculation rather than sound financial logic.

How ironic that those warning against Bitcoin’s supposed volatility often promote far riskier alternatives.

And what about manipulation?

Whether it exists or not, the response should be the same: stay calm and take advantage of the discount.

If you hold your own keys, there is no reason to worry.

The fundamentals of Bitcoin remain unchanged regardless of temporary price distortions.

Fear, uncertainty, and doubt are tools used to shake weak hands out of the market.

In the long run, those who keep their conviction, ignore the noise, and continue to accumulate will be the ones standing tall.

That’d be pretty ironic, Bitcoin, created to fix monetary debasement, used to prop up the dollar and allow more monetary debasement, if it remains a debt based system. Same game new pieces.😭😂

Glad I’m not the only one with wide eyes about it.

I think any bitcoin I don’t hold the keys to might be paper. If I leave coins on Coinbase, I trust Coinbase. If I have ETFs, I trust Coinbase Prime and Fidelity. If I hold strategy, I trust Coinbase Prime and Fidelity.

This is the cycle of 4th party risks. The custodial entanglement can only be compared to the lines drawn on my conspiracy board.

ITS ALL CONNECTED😂

But, I don’t know who to blame because it’s a result of centralization and complacency.

Great clarification, by institutions I’m talking more of those pushing paper bitcoin than those stacking themselves.

However, the ones who do stack themselves might inadvertently be stacking paper bitcoin by proxy depending on who they custody with and if that custodian is the same third party/exchange we worry about.

This ought to be verifiable on chain, but this isn’t always the case. In scenarios where this isn’t the case, you run the risk of paper bitcoin.

I do like your decentralized pricing method though. I haven’t thought about that route often, rabbit hole time 😂

If Bitcoin’s price were being suppressed, who would be responsible?

Would it be the custodians holding paper Bitcoin for institutions? The institutions selling paper Bitcoin to the public? The influencers convincing people to buy it? Or the people naive enough to trust what they’re buying is real?

Is Wall Street to blame for wielding market setting power through futures, ETFs, and custodians? Or is it the people who abandoned the spot market, allowing paper claims to dictate the price of real Bitcoin?

I don’t have all the answers, but one thing is clear: suppression only strengthens the case for self custody.

This entire system of paper Bitcoin could collapse if everyone took possession of their BTC. Because as long as demand isn’t 100% for real, on chain Bitcoin, there’s room for manipulation.

Paper Bitcoin is fiat; just as paper gold is fiat. It’s an illusion of supply, no different from printing more dollars or inflating the max Bitcoin supply. Yet few seem to recognize the implications.

Price suppression? People shrug it off. But millions of fake Bitcoin circulating in markets, diluting real BTC’s value? That should raise alarms.

The difference between real and fake Bitcoin is simple: you can’t take custody of fake Bitcoin.

Self-custody was never the problem. It has always been the solution.

For those of you who think holding ETFs is safer than holding Bitcoin on Coinbase…who do you think holds Bitcoin for the ETFs?

Seeing Bitcoin yield becoming a more commonly used and studied term is restoring my faith in humanity. Not because it’s some passing financial trend, but because it represents a fundamental shift in how we measure value, time, and trust.

Bitcoin isn’t just digital gold; it’s a productive treasury asset. It’s not just a store of value; it’s a catalyst for transformation. Companies that embrace it aren’t just hedging against inflation; they’re rewiring their balance sheets for a future where honest money outcompetes fiat deception.

And here’s the key: Bitcoin is the ultimate benchmark.

It’s a scale that doesn’t lie. The businesses and individuals who measure against it, who trade in sats rather than in fleeting fiat metrics, are the ones thriving while the old system decays.

Most people would rather live in denial, happy with a scale that tells them what they want to hear: whether it’s about their weight, their wealth, or the illusion of economic stability.

Bitcoiners aren’t those people. Proof of Work demands truth, and those who align with it build real, lasting value.

That’s why we’re seeing something remarkable: companies that were once struggling are now thriving simply by thinking in Bitcoin terms. They’ve stopped measuring success in dollars and started measuring in sats stacked, not fiat gained.

This isn’t just a better way to manage money. It’s the foundation for a new economic model; one that doesn’t rely on wealth trickling down from the top, but instead flows in a circular motion, strengthening every participant. A Bitcoin circular economy doesn’t have a top, because value isn’t hoarded: it’s recirculated, strengthened, and compounded.

This is how Bitcoin becomes the standard: not by forcing change, but by making everything else obsolete.

Price action may be stagnant, but sentiment continues to strengthen.

The Bitcoin ETFs are proving to be a litmus test, exposing BINOs. As capital flows into these funds, it’s becoming clearer who truly understands Bitcoin’s long term value and who was just along for the ride.

At this point, I don’t feel bad for shitcoiners anymore. Some lessons can only be learned through experience, and for many, that means getting burned. Bitcoin’s fundamentals haven’t changed; only those who ignored them are now facing the consequences.

There are two types of people in this space: those actively engaging in international game theory, positioning themselves for the future, and those playing in the sandbox, distracted by short term noise, gimmicks, and fleeting trends.

What’s happening now is one of the most remarkable transitions in financial history, Bitcoin is shifting from a niche asset to a global financial pillar. The institutions, the policymakers, and the skeptics are all being forced to acknowledge its presence. The question is no longer if Bitcoin will reshape the system; it’s how fast it will happen and who will adapt in time.

Self-custody turns Bitcoin into a modern-day treasure hidden in plain sight. The keys aren’t just numbers; they’re a cipher, a secret only you control.

Just like in The Da Vinci Code, where knowledge is power and the truth is hidden beneath layers of symbols and history, Bitcoin’s self-custody is about holding the ultimate secret: your financial sovereignty. Your seed phrase is like an ancient riddle, meaningless to the untrained eye but invaluable to the one who understands it. It’s a piece of a decentralized puzzle, scattered across the world yet fully intact within your hands.

There’s a quiet beauty in that. The idea that something so powerful, so incorruptible, so resistant to seizure or censorship can be distilled down to just 12 or 24 words in your mind. No bank, no government, no middleman; just you and the key to a system that can outlast nations.

It’s not just money. It’s a hidden truth. And those who understand it are playing a different game entirely.

Bitcoin is Neutral, But That’s What Makes It Powerful

Bitcoin isn’t built to favor one person over another. It doesn’t discriminate, gatekeep, or enforce arbitrary barriers. No one can draw a line and say, “You can’t buy Bitcoin.” That level playing field is what makes it unstoppable.

Biases exist in Bitcoin, but they come from the people adopting it, not from the network itself. The protocol doesn’t care who you are, what you believe, or where you’re from; it just enforces the rules equally. Freedom minded individuals are drawn to Bitcoin, but that doesn’t make Bitcoin biased. It just proves that freedom thrives in systems that resist control.

Some still believe politics and freedom are connected, but history teaches the opposite. Politicians: left, right, or otherwise, have all expanded debt, raised taxes, and devalued money. Did that make you more free? The real fight for freedom isn’t political; it’s personal. It’s about self-sovereignty, about taking control of what’s yours.

Systemic inequality can’t exist in a system with fixed rules and an anti manipulation consensus mechanism. No bailouts. No backroom deals. Just math. And for all the noise about Bitcoin’s energy use, the reality is that it’s less energy-intensive than the traditional financial system and actively drives innovation in renewable energy. The incentives work because Bitcoin is a market driven phenomenon, not a political promise.

Bitcoin is a protest against corporate and state control. And the most poetic part? When my oppressors buy Bitcoin, they don’t control me; they just become my peers, subject to the same rules as everyone else. No more favors, no more special privileges, no more manipulation.

Separation of money and state isn’t a partisan issue, it’s just that neither party is willing to give up the money printer. That should tell you everything.

My political views might shift over time, but I’ll always be a Bitcoiner first. It’s far less embarrassing to fanboy a permissionless protocol than to worship a politician, a bureaucrat, or any flawed human.

The smartest move a company can make today is allocating capital to Bitcoin.

It’s not just about making a statement; it’s about securing a stake in the hardest money ever created.

If you haven’t started stacking yet, what are you waiting for?

But here’s the thing: you don’t need to chase these stocks.

If you hold Bitcoin and they’re buying it, they’re essentially working to increase the value of your holdings.

Their treasury decisions strengthen the network, while you benefit simply by securing your share early.

As more capital floods into Bitcoin, self-custody becomes non-negotiable.

The more valuable the network gets, the greater the incentive for third parties to take control of your coins.

If you don’t hold your own keys, you don’t really own your Bitcoin.

Stay ahead of the curve. Stack, self custody, and let the world catch up.

The sweet 16th Amendment…

Nothing to do with driving, despite what the smooth side of my brain might hope, but everything to do with giving Congress the power to tax income directly.

When it started in 1913 (federal):

1% on incomes up to $20,000 ($600,000 today)

2% on $20,000 - $50,000

3% on $50,000 - $75,000

4% on $75,000 - $100,000

5% on $100,000 - $250,000

6% on $250,000 - $500,000

7% on $500,000+ ($15 million today)

Most Americans paid 1% or nothing at all.

What people are paying now (federal):

10% on incomes up to $11,600

12% on $11,600 - $47,150

22% on $47,150 - $100,525

24% on $100,525 - $191,950

32% on $191,950 - $243,725

35% on $243,725 - $609,350

37% on $609,350+

Even the lowest earners today pay 10%, compared to 1% or less in 1913.

In terms of purchasing power, what was barely taxable 112 years ago now puts you in the highest tax bracket.

In less than 1.5 lifetimes, we’ve gone from a system where taxes barely touched the average worker to one where the middle class is handing over nearly half of their income when you factor in income tax, payroll tax, sales tax, property tax, capital gains tax, and the countless others that didn’t even exist a century ago.

Too rich to evade, too poor to do it legally, just right to be taxed to high heavens.

If that doesn’t spell evisceration…I’m beginning to understand why they never sent me to the spelling bee.

Sadly, life doesn’t get better for the poor just because there are more of them than the middle class.

The middle class isn’t disappearing by accident; it’s being bled dry.

The only ones winning are the ones with direct access to the money printer.

Yes, the ones you HATE.

Yes, the ones you ADORE.

No matter your feelings, one fact remains: having close proximity to or controlling the money printer and being elite are the same thing.

The tax burden doesn’t shrink, it just shifts.

A dollar saved is a dollar lost, so the only real solution is to stop playing the game entirely.

Opt out.

Opt for hard money that can’t be taxed through inflation.

Opt for Bitcoin.

Secessio Plebis: Galt’s Gulch before it was cool, and proof that the original Roman Plebs would be Bitcoin Maxis

History repeats itself, but the lessons remain the same.

The common people have always held the power to resist their rulers, not through protest, but through strategic withdrawal.

The secessio plebis of ancient Rome proved this long before Atlas Shrugged was written.

When the plebs walked away, the system faltered, because the so-called commoners weren’t common at all.

They were the backbone of society; more productive than the elites who ruled them.

And without their participation, everything collapsed.

Bitcoin is the modern, digital secessio plebis: a peaceful exit from a corrupt, inflationary system.

If appealing for reform worked, it would have worked by now.

But it hasn’t…and it won’t.

Because the game is rigged in favor of those who print the money, write the rules, and move the goalposts.

You can’t fix a system designed to control you.

You don’t fight it…You abandon it.

That’s what Bitcoin represents: an exit.

Both its supporters and its suppressors call it that: one with hope, the other with fear.

And the intensity of their emotions only confirms the truth: the system can’t survive without its plebs, and the plebs are leaving.

The words staking and Bitcoin don’t belong in the same sentence.

Bitcoin operates on proof-of-work, not proof-of-stake, so if a platform claims to offer Bitcoin staking, the obvious question is: Who’s paying the yield?

If Bitcoin itself doesn’t generate rewards, then any so-called yield is coming from a third party; likely through lending, rehypothecation, or some other opaque financial mechanism.

And with that comes counterparty risk.

So, is that yield really worth the trade off?

You’re giving up the security of holding your own Bitcoin in exchange for promises…promises that have a history of being broken.

Time and time again, centralized platforms have collapsed, taking depositors’ Bitcoin down with them.

The illusion of easy yield lures in the greedy and the uninformed, but in the end, Bitcoin rewards those who understand its true value: sovereignty, security, and scarcity.

Mainstream adoption may be growing, but clown world persists; offering financial gimmicks that Bitcoin was designed to render obsolete.

The real yield of Bitcoin isn’t in staking schemes; it’s in holding an asset that remains free from dilution, counterparty risk, and centralized failure.

I’m bullish on sats back…really any way that helps people accumulate more Bitcoin, as long as it’s done ethically and without rugging innocent people.

The beauty of it is that it’s not just stacking; it’s a Trojan horse for orange pilling.

If someone asks me why I choose sats over fiat rewards, that’s an open door to shift their perspective on money itself.

The best orange pills aren’t forced; they happen naturally when people start questioning the system on their own.

Here’s my link:

https://foldapp.com/credit-card?r=E4sCg

Putting the treasury on a blockchain? That sounds about as smart as putting balls in a blender. Have people forgotten how inherently inefficient blockchains are? Government scale operations require speed and efficiency, yet here we are, watching people propose more friction and complexity. Isn’t that the opposite of what was promised?

Governments are built on trust. There is no government without it. A trustless system for a trusted entity is a contradiction. What’s being proposed here isn’t innovation; it’s a rebranded version of the failed DAOs of the past. Maybe that’s where the idea should stay.

And what about transparency? 100% visibility into government spending might sound good in theory, but in practice, it means giving away every strategic advantage to competitors who aren’t playing by the same rules. Nations operate like living organisms: radical, untested changes can be fatal.

Then there’s the issue of control. If the government is the only entity with the ability to alter the system, who exactly is ensuring they don’t exploit it? The government? Yeah right. Read a book. Governments already have a money printer…why would they design a blockchain system that doesn’t serve their interests?

And let’s talk about smart contracts. Do we really trust the government to build secure, unexploitable code when they can’t even run basic programs efficiently? If their blockchain innovation is anything like the rest of their work, it’ll be a glitch-ridden, easily manipulated disaster.

Some people believe putting transactions on a blockchain will solve government corruption. But corruption isn’t a software bug; it’s human nature. And until we accept the reality of human nature, Bitcoin won’t fully make sense. Notice I didn’t say blockchain.

The reason governments push for blockchain, not Bitcoin, is simple: they’ve already planned their corruption. Bitcoin removes their ability to manipulate money, and deep down, they know it. They don’t fear blockchain…they fear the accountability that Bitcoin imposes. And they know their reckoning is coming.

Sats feeling cheap at $97K is a strange sensation, one that only makes sense if you understand where this is all headed.

Nearly 30% of U.S. states have proposed a Bitcoin strategic reserve, a shift that would have seemed unthinkable just a few years ago.

The very idea of governments positioning themselves for a Bitcoin standard only reinforces the inevitable: the window to stack at any cheap price is closing.

If we drop lower, I won’t see it as a setback; I’ll see it as a gift.

Because in the end, it’s not about the price today; it’s about securing a future for your bloodline.