The bitcoin axis is logarithmic while the fiat debt is linear … the data suggests that taking out fiat debt to buy bitcoin is exactly what a person should do.
~$0.065M / btc isn’t this important.
Time to send it. 📈🔥🚀
There are other ways to call out a lie than just shouting from an elevated position.
And then remind them that all climate action is communism. nostr:note1c9tjgv67g7g53hrtdjl39hqxju0em3jhrqfh7scxmv7q63wahqtsf5d3z5
I agree that we shouldn’t capitulate. But I do like calling their bluff…
”Oh you want grid stability? Bitcoin mining does that.”
“Oh you want fewer emissions? Bitcoin mining does that.”
“Oh you want higher renewable penetration? Bitcoin mining does that.”
Concede that climate action is necessary to get passed the first principle impasse…then watch them squirm as they realize Bitcoin mining really is an energy innovation that addresses everything they say they want.
Influencing only pays in a fiat economy. Information - like oxygen - is so plentiful that it is not worth paying for. In a fiat economy, advertisers pay for reach in order to achieve growth … but in a decentralized, quality-focused, sound money economy influencer reach won’t be as valuable.
Broooooooooo…..
Just give me an ATH, bro!
Come on, brooooo!
(but seriously, you’re right. This sux.) nostr:note1e888ssh75ex2hhgq986gnl0sq3tp0mm0g9fqqz78spwrq3f95ytqvvprjt
Russians would be fantastic bitcoin miners. All that Siberian natty gas. Pump it.
The United States government *will* hold zero #bitcoin.
Just need to give bitcoin time to expose that they generate no meaningful value. Bitcoin inevitably separates money and state. nostr:note1z72pzmjkeuvyu2kf03v3tdjr9vnssmk74828xy2gw5cvpuysn4eq5j2mtk
Why don’t folks who have Twitter accounts post everything they post on Twitter over here, too?
(1) if the military might is being fed bugs and paid fiat that doesn’t cover basic necessities (food, shelter, energy) because they are too expensive then they aren’t going to be motivated to do anything of quality. That obviously extends to every single walk of life. Read Atlas Shrugged (or at least The Mandible) for a good narrative around how this happens in a modern society.
(2) fiat currently is the rails for global medium of exchange and unit of account, yes. But bitcoin NGU does not need to be measured by fiat to have NGU. If someone was willing to part with 2 pizzas in exchange for 10,000 bitcoin in 2010 and now 10,000 bitcoin will buy a Caribbean Island citadel then NGU without fiat serving as a medium of exchange. NGU means purchasing power in terms of real goods and services. Fiat has been a useful technology to make that transaction quickly.
(3) Even a 10% 5-year treasury rate against bitcoin’s annual appreciation (50+%) over a 4-year cycle would get blown up by the arbitrage trade. Yes, credit exists on a bitcoin standard but the expected yield is more in line with the appreciation of the asset…we’re nowhere near that in the current fiat world. (Aside: that’s the Michael Saylor trade…if everyone did it, it would blow up modern credit markets.)
(1) why did the Roman legions stop working for Rome? Read about the history of other financial collapses.
(2) bitcoin NGU is measured by its purchasing power independent of fiat currencies. If the dollar became 100% backed by bitcoin and so it’s NGU, too it wouldn’t matter to Bitcoin’s success…Bitcoin’s NGU still is important.
(3) you can’t make credit available under a bitcoin standard. Individuals would take out loans based on 5+ year treasuries and buy bitcoin. The system implodes on itself pretty quickly.
I disagree. Bitcoin’s number (i.e. purchasing power) going up has nothing to do with fiat.
Fiat is a useful measure for how much bitcoin’s number goes up because the world operates with fiat rails for medium of exchange and unit of account. However, as bitcoin’s number goes up, there will be pressure on both of those functions of money technologies based on government decree.
Society eventually stops working for worthless fiat … there are a number of examples of this throughout history (Roman Empire, confederacy, Weimar, etc.) and when the population stops accepting and participating in a currency … that’s very bad for the governing body.
But with bitcoin, not only is fiat debasement bad for the incumbent governing body…there is an available alternative to the incumbent governing body. They will be replaced — not by voting - but by pure market forces.
In the end, NGU is all that matters. I love the medium of exchange L2 techs and the companies striving for bitcoin unit of account…those will come with time. But everything else falls into line once bitcoin continues its role as the best monetary technology (conveyer of value over space & time) that humanity has ever had access to.
Freedom is achieved via NGU.
lol…bro, I’m sure you’re a great bitcoiner but your toxicity is too blunt. Might need to learn to nuance it a bit. At least make me want to feel something before I dismiss you and your position outright. nostr:note15dlqz505kzfnj0mgdx436weqrtqaza60wuq4zq96exg0t5w3nphq3vjne0
I see it differently. NGU bankrupts the status quo. So I encourage more plebs to do whatever they can to stack as hard and often as possible. The faster NGU, the faster the status quo goes under.
Work wherever pays you the most bitcoin…in fiat or bitcoin terms. And, in reality, “bitcoin jobs” won’t pay as much relative to the same function in fiat industry. So most people should (and will) work fiat to stack bitcoin.
Shaming them for it seems immature and short-sighted.
Your stack will get large enough where a monthly stack is immaterial to the overall stack, when saving 100% of your bonus deferred comp is nice bump but still diminishing returns.
If you leave at that point then good on ya. Until then, “walking the walk” is exactly what you’re doing. nostr:note1nlq6c37n6luvsmqpfue02875r4u8ydl97wwkh3n06e2d6kmjy37qzgkknz
Bitcoin prices the risk-free rate. That’s its job. From one 4-year halving cycle to the next, bitcoin is setting the risk free rate governing the allocation of capital. It’s 4-year Sharpe Ratio crushes every other asset & asset class…and it cannot be stopped.
Risk-free. Bitcoin is the best alternative to any other investment for every single person, company, institution, and country. nostr:note1meuwpmjj6rvfryra93s2uxep5hr29ckp6m2cgsssg63me2rjq39s9fh0dq
Trump’s was a pretty poor speech, tbh.