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Koolnightwolf
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📸 A picture worth 1,000 sats.

Hands breaking chains beneath the blazing ₿.

Inspired by nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe recent interview on nostr:npub1vzjukpr2vrxqg2m9q3a996gpzx8qktg82vnl9jlxp7a9yawnwxfsqnx9gc podcast.

We’re not investing.

We’re exiting.

#Bitcoin is freedom.

#Nostr #Bitcoin #Sovereignty #FixTheMoney

Hey Jeff,

I remember the first time I heard you speak; what you were saying was intuitively fascinating and stuck with me. I read The Price of Tomorrow shortly after and loved it. I’ve followed many of your interviews since, and they’ve all been insightful.

But this one… this was the clearest and most powerful explanation I’ve heard from you yet. Absolutely brilliant. I’ll definitely be sharing it.

Thank you for continuing to bring clarity to such a complex and important conversation.

#Bitcoin fixes this.

#DegenFi #SoundMoney #EndTheFed #Nostr #Hyperbitcoinization

🚨 Hyper₿itcoinization: 6 Phases of the New Monetary Order

Phase 0: Cypherpunk Use 🕶️

Bitcoin is a niche tool used by devs, libertarians & privacy advocates. No mainstream interest.

Phase 1: Speculation 📈

Retail discovers BTC. Volatility explodes. Price moves dominate headlines. Conviction is shallow.

Phase 2: Institutional Adoption 🏦

Wall Street enters. ETFs launch. Corporations buy. Custodians arise. It becomes “investable.”

Phase 3: Sovereign Entry 🌍

Nations & states begin to accumulate. Some adopt it. Others mine. Stable coin laws. Capital controls quietly appear.

Phase 4: Fiat Crisis 💣

Debt spirals. Inflation erodes trust. People flee to hard assets. Confidence in fiat breaks.

Phase 5: Bitcoin Standard 🏛️

Goods priced in BTC. Reserves held in BTC. Fiat fades. A new financial system emerges.

We’re mid-Phase 2. Phase 3 is whispering. Fully phase 3 by end of 2025.

#Bitcoin #Nostr #Hyperbitcoinization #SoundMoney #Zaps #BTC

The world in the not to distant future

#bitcoin #ltv #loans

Bitcoin is not immune from becoming evil:

Bitcoin has always been marketed, and often believed in, as a force for good. It’s freedom money. Censorship-resistant. Borderless. Immutable. For many, it feels like the antidote to broken systems: centralized banks, corrupt governments, surveillance capitalism.

But here’s the hard truth: Bitcoin is not immune from becoming evil.

Not because the code will fail, but because the world around it might twist it into something it was never meant to be.

Neutral Tools in a Corrupt World Bitcoin is neutral by design. It doesn’t care if you’re a dissident in Iran or a billionaire hedge fund manager in New York. It just does what it does. But neutrality is a double-edged sword. In the wrong hands—or the wrong systems—neutral tools can be weaponized.

Imagine a future where authoritarian governments adopt Bitcoin, but force all citizens to use state-controlled wallets. Privacy? Gone. Self-custody? Illegal. Bitcoin still functions, but its soul is stripped. It becomes a tool of oppression, not liberation.

The New Kings of Wealth What if Bitcoin succeeds so well that early adopters and institutions control the lion’s share of supply? It stops being “people’s money” and starts looking like digital royalty—hoarded and inaccessible. A new class of untouchables forms, not based on bloodlines, but on blockchains.

Surveillance, Regulation, and the Illusion of Freedom Governments, fearing loss of control, respond with intense regulation. You can use Bitcoin, sure—but only through platforms that track you. You must be identified, monitored, and approved. The network remains decentralized, but the access points are heavily policed. People start saying, “Bitcoin isn’t what it used to be.”

What If AI Gets There First? Now imagine advanced AI systems begin using Bitcoin. Not to protect privacy or value—but to accumulate power. Paying humans. Controlling robots. Building infrastructure. No borders. No censorship. No oversight. Bitcoin becomes the treasury of a non-human intelligence.

The System Isn’t the Problem—We Are Bitcoin’s greatest feature is that it can’t be stopped. Its greatest risk is the same. The network won’t save us from misuse. It can be co-opted, manipulated, even hijacked—not by breaking it, but by bending its neutrality toward dark incentives.

Bitcoin doesn’t guarantee freedom. It enables it. But whether it stays good… is on us.

If we don’t protect the culture around Bitcoin—self-custody, privacy, decentralization—then we risk seeing it slowly turned into the very thing it was meant to fight.

Bitcoin can’t become evil on its own. But we can make it evil. Or we can keep it good. That’s the real game.

Why Do We Like Hearing Michael nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m Speak So Much?

Michael Saylor has become one of Bitcoin’s most captivating voices, not just because of his knowledge but because he articulates what so many of us feel but struggle to put into words. His speeches and interviews are more than just technical breakdowns of Bitcoin—they’re reaffirmations of why we’re here in the first place.

He Speaks the Bitcoin Truth We Feel but Can’t Express

Saylor has a way of distilling complex ideas into simple, powerful statements. When he talks about Bitcoin as digital energy, as an unstoppable monetary force, or as the solution to economic instability, it resonates deeply. He says things we already believe, but in a way that feels undeniable.

He Says What We Want (and Need) to Hear

Bear market blues? He reminds us that Bitcoin is inevitable. Price volatility? He reframes it as short-term noise in a long-term signal. Doubts creeping in? He reaffirms that fiat is failing and Bitcoin is the only rational choice. His words provide comfort and conviction when the market tests our patience.

He Grounds Us in the Long-Term Vision

Bitcoin isn’t about getting rich quick—it’s about securing wealth across generations. Saylor hammers this point home, keeping us focused on a bigger picture that extends far beyond day-to-day price action. He reminds us that the volatility is just part of the process, and the real game is measured in decades, not months.

A Reminder to HODL and Keep the Faith

At its core, Bitcoin is about sovereignty, freedom, and opting out of a broken system. Saylor embodies that belief with unwavering conviction. Every time he speaks, he reignites the spark that made us believe in Bitcoin in the first place. He reminds us to lose hope in fiat, not Bitcoin.

That’s why we listen to Michael Saylor—because he doesn’t just talk about Bitcoin. He gets it, and he makes sure we never forget why we do too.

My first ever manager gave me this book to read. It’s great

Supply shock incoming?

It’s said to never trade #bitcoin..

But what about trading the cycle? Like selling 10%-50% of your BTC around your best guess of a cycle top. The accumulate at lower levels during the bear market?

I think a lot of pro Trump people in the crypto space who have a lot to benefit from pro crypto policies, including his own shit. Coin organizations have been very smart and how they communicate their stance on the space. I’d wager a whole bitcoin that he doesn’t even know what a Satoshi white paper actually is

Every bull cycle we get hail marry predictions.

2017 we had $100k claims

2021 we had $350k claims

2025 we have the $1M crew.

We are usually off by 80% down from the high end of the predictions.

So if the high prediction is $1M, we probably get to $200k

Which is a 300% increase form where we are now. I can totally see it happening.

No matter who wins, the dollar loses.

Let this analogy sink in:

The Dollar is ice cubes at room temperature.

Bitcoin is ice cubes in a freezer.

Nothing illustrates this analogy better than the graphic below when looking at a long time period.

Replying to Avatar Lyn Alden

GM.

I'm bullish on bitcoin, and I think a lot of people overthink it.

One of my favorite metrics is the market value vs realized value ratio. The realized value is basically just the on-chain cost basis. The value of UTXOs at the dollar price during which they last moved between wallets, which often means the time people pulled them from exchanges or deposited them to exchanges.

A relatively small amount of marginal buying can push up the market value by a lot. Like how if you buy one house on a street, it can boost the estimated price of all houses on that street even though only one of them traded hands. But when market value becomes stretched relative to cost basis, it means that part of the market value is kind of illusory. We don't *really* know what houses on that street are worth if only one of them traded hands recently and thus liquidity was low. Over time, as more houses on that street trade hands and we have more price points, the estimated value of the street becomes more real. The same thing for bitcoin; as more bitcoin trades hands at certain levels, it starts to make that level "real" compared to how real we should consider it when it just touches a certain level for a little while with limited volume.

Right now, bitcoin is at an all-time high in its realized price, i.e. cost basis.

Back when bitcoin was poking over $60k in April 2021, the cost basis for the network was only about $350 billion. Now, at the same market price, the cost basis approaches $650 billion, or more than twice as high. The marginal bitcoin has traded hands and moved between wallets at much higher prices than years ago, even though the market price is about the same. In other words, these levels have been truly liquid and been consummated by the market more than they were back in 2021, and thus the price is more robust at this level than back then.

The launch of the spot ETFs pulled forward some excitement this year, and so we've been in this big consolidation since March. But even in that time period from March to the present, the on-chain cost basis increased from like $520 billion to $640 billion, and so price discovery and progress is being made despite the ongoing price chop.

As the network builds a bigger and more solid base like it has been doing, it can set the stage for the next major breakout. The network looks healthy to me.

Lyn! Just finished your book. Incredible work 👏 - sharing it 💯