Fiat brains: "How low can prices go on a #Bitcoin standard?"

Me: "Lower."

FBs: "Haha... I mean, at some point they have to stop going lower, right?"

Me: "They are going down forever, Laura."

FBs: "My name is not 'Laura.'"

Me: "I know."

#Bitcoin vs #BitcoinETF:

#Bitcoin:

- Decentralized ✅

- Secure ✅

- Permissionless ✅

- Money ✅

#BitcoinETF:

- Decentralized ❌

- Secure ❌

- Permissionless ❌

- Money ❌

Choose wisely.

The US dollar is prices go up (forever) technology.

#Bitcoin is prices go down (forever) technology.

PgD >> PgU

Dear fiat brains,

If you’re not saving in #Bitcoin you’re not actually saving.

🤯

How do you feel?

By design, if you are saving in #bitcoin then you are accruing purchasing power.

If you don’t understand the history of money, it’s doubtful that you will understand the purpose or value of #Bitcoin.

Is anything "hiding in plain sight" more than the current growth of the #Bitcoin monetary and financial network?

In my lifetime, the only two comparable situations were with personal computers and the internet... both of which were derided and dismissed until they became nearly ubiquitous and accepted by all.

Yes.

2024 New Year’s Resolutions:

1. Head down.

2. Work hard.

3. Stack sats.

Who’s with me?

My goal?

Humbly stack sats until I can support myself and my family off of 5% of my #bitcoin stack... at bear market lows (IMPORTANT), not bull market highs.

It's similar to the 4% rule of IRAs, but I expect bitcoin to outperform equities, bonds, and real estate far into the future.

Market peaks are fun to talk about, but the basal growth rate is much more important to consider.

OPINION: For the next 10 years, I think bitcoin will maintain a CAGR of 35%-45%.

Why was the US dollar initially backed by gold?

Because gold provides fiat currency with an honest unit of accounting and a stable store of value.

What do you think has happened since President Nixon removed the US dollar from a gold standard in 1971?

- Unaccountable (literally), ever-expanding growth of the US dollar and dollar-denominated credit... both in the US and around the world (eurodollar)

- Highly inefficient store of value... with ever-decreasing purchasing power (robbing savers) over time

Fiat brains focus almost solely on medium of exchange as the primary attribute of money.

Prior to 1971--and throughout most of history--it would have been laughable to do so.

Ideal, sound money should provide an honest unit of account and be a stable or increasing store of value over both time and space.

And, it should be an excellent medium of exchange. But this is less relevant than the above-mentioned features... which are critical to the ongoing and increasing prosperity of the human race.

Fiat currency is clown world money.

All fiat currency units trend to zero value over time.

Governments love fiat, because it robs their own citizens of their purchasing power over time in a process call "inflation."

Inflation allows issuing governments to grow ever larger while their citizens grow ever poorer and, often, more reliant upon their governments... which are, ironically, actively robbing them.

Fortunately, there exists a better money for a better world.

Established in 2009.

#Bitcoin

Two Steps to Success:

1. Choose #Bitcoin.

2. Win.

Bonus: This applies to anyone and everyone.

Pricing your assets and net worth in #bitcoin is an eye-opening experience.

You may be gaining in US dollar (or other fiat currency) terms, while losing in #bitcoin terms.

I highly recommend this practice.

Pro tip: In a world of infinite monetary creation, credit expansion, and debasement… flee to verifiable scarcity.

An inconvenient truth for fiat brains:

It is nearly impossible to outperform #bitcoin over time in terms of real purchasing power.

Don’t pout. Opt out.

#Bitcoin

With voting, Warren is very much in power.

There is another way to vote, other than the traditional ballot.

A sly roundabout way, with your purchasing power.

Unpopular opinion for 2024:

Voting (for any party) empowers the current corrupt political system and, ironically, disempowers those who cast the ballot.

There is a better way.

Defund corruption and special interests and hidden currency debasement with #Bitcoin.