Thank you. I agree with this all. Jeff Booth. Mallers. Dorsey. You. Actually me. But corporations will take forever to adopt MoE. We can but it’s small. I am for it though. When will it be? I say 10 years. Are you more optimistic?
"Bitcoin as SoV first: Let All the 'Crypto/Worldwide' Currencies Fight to their Deaths on MoE and UoE."
Note: Author is 100% anti-Crypto and 100% Pro-Bitcoin
This uproar on Sayor is totally ridiculous. You haven't been listening or researching the words alongside researching the numbers. Saylor for over three years has been explaining how the "friction" with Bitcoin comes in if we adopted Bitcoin as a currency. Nothing has changed as far as Saylor's beliefs and opinions on Bitcoin. Most of this post is from what he was saying three years ago.
In a perfect world Bitcoiners imagine, Bitcoin is everything, no second best to anything and everything:
1) Store of Value (SoV)
2) Medium of Exchange (MoE)
3) Unit of Account (UoA)
For now it's a dream that may be realistic 20, 30, 100 years from now. But currently, Bitcoin isn't even close to carrying that Trifecta. Why? Because of the US Dollar and Accounting systems. Legacy systems. The friction. The politics.
Bitcoiners are going to war essentially with themselves and it is a combative approach. You think Trump would give up on the United States Dollar? A currency in his DNA, his motivation, via a man who wants his face on Mount Rushmore and that very dollar bill.
Saylor's audience to adopt Bitcoin is big business, not individuals, as they adopt Bitcoin as a Store of Value (SoV) first but it won't be currency/money for a long time. Nothing wrong with it using it that way though obviously.
Savings: SoV, Bitcoin only. Digital Property/Digital Capital
Checking: Everything else, the US Dollar, 159 other currencies, XRP, ETH, CBDCs....yeah, they are stupid and are weaker to Bitcoin and that is OKAY. Let people FAFO? We all did it. Put the lesson to scale, let the United States Government teach people quicker that "Crypto" isn't the same as Bitcoin but if you want to use weaker MoE or UofA, who cares for now when you are holding digital financial dry gunpowder in the ultimate SoV Bitcoin canon? A canon that should never fire.
But for now,
Please go back and Listen to this one Podcast Saylor did with Saif, the question and answer part was great too.
December 2021: <--- YEARS ago
https://www.youtube.com/watch?v=eRvBj7j24B0
Partial Notes:
Saylor:
If you’ve looked at every single banker, every time they say, Well is Bitcoin a currency? Well I mean their answer is, No, it’s not a currency. Jerome Powell can’t admit it’s a currency. Christina Lagarde is saying it’s not a currency. And then the Bitcoin community oftentimes recoils in horror like, Yes we are! Yes we are! Why do you want to be? Why can’t you actually be property worth $10 million dollars a coin and not be a currency? If I told you you could basically go from zero to $10 million dollars a coin and everybody will help you along the way — every company, every government, will help you along the way to become worth $10 million dollars a coin — or, you can fight with everybody the entire way, and if you succeed you’ll have toppled every government and every political group and every company and destroyed the entire 20th century economy, but you’ll have your currency. Like, what’s left? If I rip every single company to zero and I destroy every country and every political system, you’ll have your currency, but what are you going to buy with it when every company is non-existent and every government doesn’t exist? You can’t even buy bullets to defend yourself in the post-apocalyptic anarchy that follows, because bullets get manufactured by companies that use accounting systems that run on dollars.
In this case, after the Currency Battle, SoV Bitcoin can do this:
Other personal Opinions (Warning a bit unhinged):
* Ripple/XRP is a parasitical business, from the pre-mine to the missing 30K first transactions, $10s of millions in 'marketing' to disparage Bitcoin. Losers. They are weaker than Bitcoin, inside the USA and 100% outside of the USA. I agree with Bit Paine's call to action but only with Yellow's temperament. Let's have fun dissing these Crypto unregistered securities?
* I am appalled by a post from Oz on January 25th that said: "Kill your heroes" (not slay but kill) and essentially had Saylor in the crosshairs of a sniper's rifle. Fuck off you mouth breathing, Putin supporting dick. You spend all your days on Spaces blathering on and on how tough you are, yet you essentially want to threaten Saylor so he can NOT go out and selflessly share his thoughts on Bitcoin for free because of safety concerns because of idiots like you? You have benefited but are a complete loser. Wrestle Bears, yeah, because Russian Orcs are so tough and cool. (Yes, I choose to be triggered but your one post was my motivation for this entire post. Thank you.)
My raw notes:
https://bitcoinapolis.blogspot.com/2022/12/bitcoin-bitcoin-as-digital-property-is.html
Great post here:
https://x.com/danieleripoll/status/1736848104836702568?s=20
Trying to turn spot #BTC into an everyday spending currency undermines what's valuable about BTC. Being a store of value is right on the mark. It solves a problem for everyone on earth. Being a medium of exchange has little value. An MoE that isn't backed by anything is basically worthless.
The Bitcoin base layer was optimized for security, immutability and decentralization. That forms a granite foundation on top of which all other (lesser) functions of money can be expressed.
Another terrible Octogenarian idea. Can you guys just retire already? And before you get Plastic Surgery listen to this, you do, you "LOOK WEIRD":
FREE SPEECH:
All is fine until you say the 'wrong' things in front of the wrong guy:
THE JERK:
https://m.primal.net/NwLe.webp
THE POOR:
Is Have Fun Staying Poor the right message?
GM but also being a realist (me: CST/USA):
Grok:
Given these considerations, it's reasonable to estimate:
Approximately 10-15% of the world's population could be experiencing morning around this time, considering the significant populations in the Americas and minor contributions from other regions.
A Shitcoiner President Trump versus Bitcoiner Saylor
Trump: "Hey Michael, can you 'find' a few million to throw at $Trump?"
Saylor: "No."
Trump: "But pointing to
Saylor: "It's temporary, Donald. Are you going to add Bitcoin to a Strategic Reserve like you promised?"
Trump: "I did, a Strategic Reserve for Deez Nuts...(Grabs his crotch)."
Saylor: "You used an Altcoin called $TRUMP to get money into another altcoin called $WLFI and bought another alttcoin called wBTC. That is hardly a Bitcoin Strategy, with all due respect."
Trump: "Look, Michael, you are a smart, smart, great, great man. But you aren't as rich as Elon, Altman, and me."
Saylor: "I don't make money at the expense of others, my legacy is to help billions not just my family or me with wealth. That's Bitcoin."
Trump: "Your legacy....mine is bigger."
Saylor: "True and I will be here. Many of us chose this path of Altcoins first before we realized there is 'no second best' and data shows altcoins will trend to zero against Bitcoin. Bitcoiners are patient, we are on a low time preference where you are high time preference and impatient if results are not immediate. Let me know if you want me to do a presentation to your team in the future?"
Trump: "Yeah..Yeah...did you like my speech?"
Remember when Saylor showed us all how most all the gains in the stock market and Bitcoin are about 2 days a year? Yesterday wasn't it. Is Today? Is tomorrow? I hope it is 17 weeks from today, on a random Saturday night when the USA announces the Storming of Bitcoin Beach?
This is a fabulous post from Ragnar, I love how it's been transcribed for those of us who still like to read:
https://x.com/RoaringRagnar/status/1880570007597236515
"....And if Bitcoin went to $10 million tomorrow, I want you to think about how you would feel because you would lose 20 years of stacking opportunity during which you get to buy at less than $10 million. So the difference between $10 million and $100, 000, that's what you give up if the volatility goes away and people start to agree with you."
Trump obviously doesn't agree with Saylor yet, nor does his sons as they posted that awful list of Altcoins, some I have no idea what they are but could there be money from those people to $TRUMP and the side favoritism prevails?
Of course. But who cares, it's Bitcoin, baby.
"The Art of the Deal" of course, the GIANT softball is you'd never tell anyone your plans to buy an asset before you buy the asset, even Saylor has been demonstrating this the past how ever many weeks. It was assumed he was buying every week until yesterday he announced he only changed the colors of the dots. Nothing has changed with colorless, odorless Bitcoin, everyone knows that. Be thankful, we can stack cheaper sats, period, no matter UK, China, or USA.
THE BITCOIN MORAL OF THE PAST LESS THAN 24 HOURS?
Same old, same old, if you are disappointed, buy Bitcoin. Perhaps buy Bitcoin for the people you love in your life right now for when they 'future understand Bitcoin." Even if it is $100. Gift it eventually. Outside of any of these ridiculous governments and disappointing leaders. The majority of Bitcoin ownership is the individuals.
Let's just keep on stackin' and Tick Tock Next Blockin', on a low time preference with a clock that is ~10 minutes.
Everything is hard to wrap your head around in Bitcoin. And with Bitcoin (spoken in an Italian accent): "MAGA needsa MOREA TIMEA."
We don't need more time but we have done the POW, but we are the super minority, keep educating the Bitcoin Migrants and help fuel the Bitcoin Migration as there are no walls that can physically stop Bitcoin as it is working on mass FIAT deportation.
Shhh......stack cheaper sats, for you, for others. Best gift ever.
In the past 24 hours, all I can think of is "Idiocracy" and are we getting smarter as a human species, with or without AI? Then I see this cartoon in today's paper and think we are still primitive people in how we think/act on so many things, yet does our collective ego think "we are killin' it"?
Yeah, 3 out of 4 US Billionaires recommend “crypto.”
Trump. Musk. Altman.
Who is that fourth one? A blind squirrel could find good Bitcoin content out there with dial-up on 1200 baud.
Geez. Thinking Weber but wrote Coleman. 🤪
Charcoal. Not gas. Not pellets. Convenience? Cook inside. I make my own charcoal. Start low end Brinkman. I had one made out of a 55 gallon barrel custom for $220. It’s awesome Brinkman or Coleman to learn.
(I asked)For whatever reason, I have never liked Jerry Seinfeld. I think it is his voice? But this turned me, it is so beyond brilliant. He gave this speech as he accepted a Netflix award. It is brilliant and totally aligns with what you just posted: https://www.youtube.com/watch?v=ityRn2IA24A
HBO, doesn't matter but it was an HBO not Netflix award. Hilarious.
For whatever reason, I have never liked Jerry Seinfeld. I think it is his voice? But this turned me, it is so beyond brilliant. He gave this speech as he accepted a Netflix award. It is brilliant and totally aligns with what you just posted: https://www.youtube.com/watch?v=ityRn2IA24A
Hate it. Anything non-transaction sucks but
Moonrise Kingdom is great but my wife hated it. You know how you watch some films that win all sorts of awards by Mainstream Media and sometimes it seems they just give accolades to films that really suck. Like a lot of art but it makes the person reviewing it feel superior to others in their intellect?
Yeah, that's not David Lynch films, but they are like art. And his art isn't for everyone.