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Fred Johnston
c0587dad09e3efae0ec93036aaa0d70658ce9053ee1359edf1763869e6a50e67
Dad of 5. Retired EE Electric Utility Industry. TSLA. Solar. Covid 1984. Arial Speakers. Lake of the Ozarks. ⚡Bitcoin

Agreed on Silver - bought a bunch $18-$22 - a whole bunch. And the China export constraints are driving this a little too - we don't know the whole impact yet. Maybe it goes a lot higher.

But Bitcoin was, and has been a better buy over the same period of time and if you stay with a 5-7 year time span my guess is #Bitcoin will outperform again - over and over (as you say, understand the supply). A 10 year time frame Bitcoin wins it all.

If someone is trading, good luck either way but it's a losing battle trading - eventually you lose. If you hit the run up in price of either/both more power to you and enjoy the moment, I'm sticking with buy daily until reaching a goal then HODL.

Great perspective. Frédéric Bastiat (1801-1850) was a French economist, writer, and classical liberal advocating free markets and free trade, famous for satirizing protectionism - something we could use today!

But he was before Austrian Economics. Carl Menger founded the Austrian School with his 1871 book "Principles of Economics." It originated out of Vienna's academic scene.

Unfortunately the Elites understood they could control money and won the money battlefield in the late 1800's (Austrians lost). This arguably led to the system we have today which cause two World Wars and endless forever wars (all paid for with fiat).

It can't end soon enough! Were we would have been with real money!!!

Not so. You HODL for 10 years and you will have enough bitcoin that even if you take a 50% decline in the price, it won’t affect your lifestyle.

Buy bitcoin daily, cold storage only every few grand and never use the ETF. Make sure it’s enough to make a difference in 10 years. Use the calculator linked below.

https://bitcoincompounding.com/

Some truth to that.

But, if you live on a #Bitcoin standard it’s very positive!

Once you live on a Bitcoin standard the incentive to not spend is significant because of the hard asset you own - you don’t want to let it go!

No pity needed. Most people lack the decade-long discipline Bitcoin demands—same reason they fail at anything hard.

But here’s the twist: once ~5-10 % of us live on a Bitcoin standard, the vacuum pulls in every last drop of fake fiat. Game over.

At this point it’s unstoppable. Nation-states, oligarchs, corporations, and a growing army of diamond-handed plebs are stacking. The smart money will own most of it—just like every scarce asset in history.

Bitcoin was built for the individual, yet the reality is the patient and disciplined will end up with the lion’s share.

The beautiful part? Once the working man finally gets a few sats in cold storage, no government, no banker, no inflation can ever steal his life’s energy again.

He may not understand the tech, but he’ll sleep like a king knowing his savings are finally safe.

Hard money rewards the patient. Always has. Always will. 🧡

Most “capital-L” Libertarians (the Reason/LP crowd) are still stuck in the 1990s–2000s mental model:

Goldbug reflexes (many were hardcore precious-metal advocates first)

Deep distrust of anything that smells “tech bro” or “volatility”

A weird purity spiral around political strategy (“we must win elections first!”) instead of monetary strategy

Some are honestly just older and never learned to run a node or self-custody

Bitcoiners, meanwhile, are mostly lowercase-l libertarians: they don’t care about the party or the magazine, they just saw the hardest, most seizure-resistant, borderless money ever created.

Bitcoin fixes everything but it's going to take some time.

If you truly believe Bitcoin can’t win because people are “too distracted by TikTok and lattes,” you’re betting against every single chapter of monetary history.

Every time in the past 5,000 years — from shells to salt to silver to gold — the hardest, most verifiable, least-inflatable money has crushed every soft competitor. Not because people were smarter back then, but because once the pain of debasement becomes unbearable, the herd flips violently toward the exit that still works.

Today the pain isn’t here yet for most. Phones are still paid, groceries still cheap-ish, 401(k)s still green. The moment that stops — when eggs are $20, rent eats 60 % of income, and savings evaporate in real time — the same “dumb” masses will suddenly become monetary geniuses overnight. They’ll ape into the one asset that can’t be printed, exactly like Germans into gold in 1923, Argentines into dollars in 2001, Venezuelans into BTC in 2018.

History isn’t a hope; it’s a pattern with a 100 % hit rate.

You’re not betting against Bitcoin.

You’re betting the greatest monetary awakening in human history somehow skips this cycle.

Good luck with that one. 🚀

Human nature wires us for short-term survival, not long-term abundance. We hoard what we fear losing, spend on status signals, and chase dopamine hits from fiat dopamine—spending 98% of income on liabilities. Bitcoin demands delayed gratification: stack sats quietly while the world FOMO-chases the next bubble. Even if divided equally, we'd trade ours for iPhones and lattes in months. Orange pilling fights evolution; start with their pain points, not theory. We need more to understand.

Most people see Bitcoin as an "investment' to get more US$.

If the reader is thinking that's right, you have definitely not read enough books and studied enough.

Think Human Energy. Think: one bitcoin is fixed in time (value changes as human energy is captured in it's digital scarcity).

If you live on a bitcoin standard you do want to buy more US$ with your Bitcoin so be strategic - we are still forced to comply with the fiat world but ONLY as much as you chose (can't live without). We know that more fiat will be created so it's abundantly available the more you wait (remember, 1 bitcoin is fixed in space/time).

Without money, there would be no civilization. Humans existed before money, but in small packs. It was only the invention of money that created civilization. The destruction of civilization started to occur when we created fiat -

"Best place to be is long Bitcoin"

I started buying #Bitcoin at $6000 and watched it go down to $3k.

I started buying daily and in 2025 I'm living on a Bitcoin standard now.

I have some money left in IRA's that I'm slowly getting rid of (doing as little tax damage as possible).

If you trade your Bitcoin you have a VERY HIGH chance of having LESS Bitcoin in the future as you have today.

If you can make it through 5 years, it's very unlikely a dip like today or last month will affect you. It means nothing to me. If it goes to $75K I have enough it has zero impact on my life.

But this requires buying daily (not the ETF) and HODLing for 10 years (or more - keep working - dream big).

This is not a good use of USA tax payer money.

The USA has spent $30+ trillion dollars trying to solve terrorism/war world wide since the end of WW2.

I ask you: Is terrorism solved?

It was money thrown out the window. Great book "Provoked" - which discusses the situation in Ukraine today.

USA military is to protect Americans. The 800 military bases in 70 countries around the world have done NOTHING to stop war. There are STILL wars all over the world!

It's the same as immigration. We can't save lives by allowing immigration, illegal and legal. If you don't believe that, watch this. https://youtu.be/l6tSqGCfoCI

It's the same idea. We can step into a fight but we can't resolve the foundational issues.

What's the solution? We can set an example. Promote peace. Show the world what peace looks like. Take care of our own house. Then we can have a positive influence on others. These countries and civil wars will need to be resolved within.

Quite meddling. It's hurting more than helping.

You can find me, milk, food in general at your local farmers market. But the best place to get your meat is a local rancher where you can buy grass fed and finish beef and have a cut anywhere you want. Highly recommended. Be sure to ask for an extra bag of bones to make your own bone broth and an extra bag of visceral fat so you could make tallow.

After my cancer treatment, I had four spots left in my body. I went carnivore and got rid of the cancer. My oncologist, who I fired, told me diet wouldn’t fix my cancer and it did. I’m starting to think red meat is the solution to everything.

Agree. Left Ledger YEARS ago.

But (AI geneated) they have done a great job sellling it. The most widely used and popular Bitcoin hardware wallet is the Ledger Nano X, which is considered the best cryptocurrency wallet on the market in October 2025. Ledger, the company behind the Nano X, holds the largest market share in the hardware wallet industry.

It was not a false flag.

But the fact that so many are questioning it gives a view into how people don't trust anything anymore because so many things are a lie.

From the food we have been told is 'healthy' to the money we use (which is not money but a tool of enslavement), everything is fake. Politics is a tool as well, the sides created benefit the Elites (not the people). They both have spent us blind.

So even real events don't seem real anymore.

New age of enlightenment coming soon (in next decade), which should start with real money creating some basic truth for humanity. War is often the final straw since all war is paid for by fiat currency that is printed into oblivion until the losing side hyper inflates their money and loses the war.

Well, we will definitely agree to disagree.

Remember: #Bitcoin really can't be horded once you are on a Bitcoin standard. The reason it's being horded now is because FIAT exists. People can print FIAT and buy Bitcoin.

Once the fiat system purchasing power disintegrates to nothing, people will have to spend their Bitcoin to buy things. Meaning we have a REAL money system that can't be cheated (Government can't print what you have to work for).

This is a hard concept to understand because we were all brainwashed into this fiat system of slavery. It's so engrained, we don't even see what real money is anymore unless you READ a ton of books on history of civilization, history of money, the Fed, and Bitcoin.

Money is an exchange of human energy. The US$ is not money - it's a currency created out of thin air that has no value OTHER than someone else will accept it for their work/energy. FIAT has 100% always crashed at some point - it's never worked. BUT we keep trying due to lack of other options and control by those that have the ability to benefit from the free printing press.

It's coming. We will definitely have money outside of Government. But I will admit they will not give up that power/control of people easily.

Replying to Avatar L0la L33tz

So a lot of people seem to have the hope that Trump will pardon the Samourai Wallet developers.

While waiting for the Storm verdict, I took some time to read through the White House Digital Asset Report to see what this administration thinks of financial privacy, and my guys - if you still believe that the Trump WH is in *any* capacity friendly to these undertakings, you are in for a very rude awakening.

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Effectively, the White House urges FinCEN to deem *all* privacy measures in digital assets a “primary money laundering concern” under the PATRIOT Act.

This includes:

-> single use addresses, wallets and accounts

-> swapping between networks & chains

-> mixers, obviously

-> “pooling” or “aggregating” cryptocurrencies from multiple wallets

Many will now say: oh, but there’s so much good language in the report as well, like the protection of self-custody.

That’s true, but the protection of self-custody is contingent on the *lawful exchange* of assets between users.

That’s why the White House additionally urges Congress to *expand the PATRIOT Act* and *amend the BSA to cover “DeFi” services*.

To ensure compliance in “DeFi,” the White House suggests the implementation of digital identities, that would tie all of your transaction history to your name, so that “DeFi” services have the power to approve transactions.

Even when implemented with ZKProofs, as the White House suggests, this would effectively turn a permissionless system into a permissioned one.

I know we live in the age of celebrating all the Bitcoin wins, but sometimes things that glitter are just a massive pile of shit, my dudes.

So you can have a digital wallet. You can have a bitcoin cold wallet. But if you wanna use the money, you have to go through their spyware software so they can track you.

Good luck enforcing that but let’s see where this goes. If 10 million people transact without going through their system because we can are they gonna throw us all in jail?

Replying to Avatar GreyHood

I’m fully aware of bitcoin and what it is. I’ve also read saifdeans bitcoin standard I believe right when it came out. I enjoyed it. Especially the bits about the history of money and its nature as a technology.

Unfortunately though, I feel the same way about your perspective. I defended capitalism for decades until I couldn’t anymore. I’ve also considered the argument that our current environment isn’t true capitalism. While I understand where it comes from I still see it as an appeal to purity.

If I remember correctly Ammous characterizes rent seeking behaviors as a negative feature of fiat which I agree with. However rent seeking is not exclusive to fiat currencies. Bitcoin is superior to gold in almost every way but gold is still a good money and most bitcoiners know it’s long history. That history includes gold as payment for rent. It’s clear to me that this rent seeking is not only enabled by capitalistic behavior but encouraged. Rent seeking and profit motives at the cost of workers is a feature of capitalism. You may find it ironic that understanding bitcoins proof of work mechanism is one of the main reasons that I now see capitalism for what it is. It inspires the non worker (capitalist) to extort the labor (proof of work) of the worker. It depends on extracting wealth from others.

The period between WW2 and the 70’s saw a shrinking wealth gap brought about by a hybrid economy of capitalism under a high amount of government regulation as well as strong labor unions. Reagan’s administration destroyed both of those driving forces that mitigated the rampant inequality of capitalism and now we see a wealth divide that seems like the gilded age 2.0.

The proliferation of fiat may very well have been the last nail in the coffin but at best capitalism exacerbated it but I suspect it is actually responsible for pushing us in the coffin in the first place. I do not refute that there a few benefits to capitalism, but the same is true for other economic systems like socialism and communism as well. The benefits definitely do not outweigh the costs. I don’t claim to have an answer for a replacement of our current structure but I’m quite certain I will never defend capitalism again.

"The period between WW2 and the 70’s saw a shrinking wealth gap brought about by a hybrid economy of capitalism under a high amount of government regulation as well as strong labor unions. "

That's what history tells us. But it's not exactly right.

In the 1800's (still a real Gold standard) we invented trains, autos, electricity, communications - it was the last big 'bubble' of innovation (driven by hard money).

As this efficiency worked it's way into the economies of the world the wealth gap decreased for nearly 100 years. BUT - politicians implemented this thing in the early 1900's called the 'income tax' (temporary I might add) that actually ROBBED the general population for the next 100+ years of that efficiency (which created poverty we know today - it's true - central government planning creates poverty, not solve it). In spite of the income tax, wealth gap closed and the the politicians did not steel ALL the deflationary progress. They did not have too, they got filthy rich - it was an epic run!

We are at the end of that cycle - we have been for 50 years (the US dollar actually would have collapsed in the 70's if we did not cheat and go off the Gold standard - which had been decaying for decades).

Follow nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgew2ua and read his book "Price of Tomorrow" - great read. Deep dive it. Go beyond just the book - as Jeff says we have NEVER lived in a true free market until #Bitcoin.

Conclusion. Capitalism created all you have today. Fiat has been stealing the benefits and funneling it to those closest to the money printer for decades. Deflation is the natural state of Capitalism and once the theft (taxers and printing) are GREATER than the deflationary pressures of real economic gains, the pyramid collapses (which it is doing right now).

The natural state of human innovation is capitalism - the exchange of (base layer here) REAL energy for REAL energy (you catch a fish I trade for a fur to make a coat - exchange of ENERGY).

Bitcoin will bring us back to that as it's real human energy maximizing time preference of money (which drives innovation). nostr:nprofile1qyt8wumn8ghj7ct5d3shxtnwdaehgu3wd3skueqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgzr08nkh7nk4q9cmw02wkfprkgtk0n8kgszlzyqe384ll3qv5rp453f6g5h book "Principles of Economics" does a great job explaining this concept.

Also deep dive history of civilization. It seems like this has nothing to do with money but capitalism with a currency (real money, not fake) was the ONLY combination that created civilization. Without it, we would still be in packs of 150 people or so living off the land.