@Michael Saylor says: β€œBitcoin succeeds on a simple premise: a bunch of smart people would like to keep their money’s [worth]. Who’s buying? The smart money.” πŸ§ πŸ’° This is the critical driver of top-down adoptionβ€”the core of the #Bitcoindollar system I write about. πŸ“–πŸ”₯ Some Bitcoiners criticize Saylor and fear #Bitcoin is being hijacked. They’ve got it upside down. πŸ™ƒ Top-down adoption as a Store of Value (SoV) is the fastest and safest path to mass adoption. πŸš€ Medium of Exchange (MoE) comes nextβ€”if we do our part: βœ… Keep it decentralized βœ… Run our own nodes 🧱 βœ… Hold our own keys πŸ”‘ Let smart money do their job. They pump it to the moon πŸŒ•β€”we keep it sovereign. πŸ›‘οΈπŸŸ§
On the issue of US Treasuries with a #bitcoin kicker some asked: β€œWhy not a gold kicker on US Treasuries? We’ve got plenty! πŸͺ™β€ Sureβ€”now try distributing physical gold yield to investors. πŸ€·β€β™‚οΈ If it's not physical, it's just another IOU. Back to trusting a counterparty. Only Bitcoin solves this. A native digital asset. πŸ’» Mathematically scarce. πŸ“‰ Peer-to-peer, scriptable, decentralized. πŸ”βš™οΈ The Treasury can send yield directly to investor wallets. πŸ“²πŸ’Έ Not only. There is BIG Bonus? 🎯 Other nations copy the move β†’ BTC demand surges πŸš€ β†’ US Bitcoin holdings moon πŸŒ• β†’ Dollar stablecoins gain global flow πŸŒπŸ’΅ β†’ More demand for US debt πŸ“ˆ Gold can’t do that. Ever. ❌ This is the #bitcoindollar system. ORDER NOW on Amazon. #stablecoin https://www.amazon.com/dp/B0F24TPNGP
#nostr I am not able to post. Anyone help? The mobile app works but when I use the laptop nothing happens when I click the POST button. Frozen. Tried logout and login again and restart PC. Nothing. Using Firefox browser and Linux OP. Any ideas??
Some have asked me how the Bitcoindollar System would work, so I have summarized below the key takeaways from Chap. 22 of my book. β€’ Stablecoin issuers convert fiat reserves into T-Bills, increasing U.S. debt demand πŸ“ˆ. β€’ T-Bill yields are reinvested into Bitcoin, creating a positive feedback loop ♻️. β€’ Dollarized stablecoins spread globally as local currencies collapse πŸŒπŸ’΅. β€’ Bitcoin absorbs inflation as an inelastic monetary asset 🧲. β€’ U.S. sustains deficit spending while keeping the dollar exchange rate at sustainable levels βš–οΈπŸ’¬. β€’ Bitcoin becomes the global store of value, displacing gold, real estate, and stocks πŸ›οΈπŸ“‰. β€’ Nations that build strategic Bitcoin reserves gain a critical geopolitical advantage πŸ›‘οΈπŸͺ™. The future is a convergence of Bitcoin, the dollar, and global liquidity flows. The transition is already underway. image
Paying coffee and cake with Sats at #bitcoin event Cheatcode in Bedford, beautiful home of @Peter McCormack