Wait a second.
A top 20 US bank that was AAA rated last week went bust within 48 hours because they were heavily invested in bonds with a “risk free” yield?
🚩
It’s as if everyone assumed others were doing due diligence, when nobody actually did.
Don’t trust, verify. #Bitcoin
21 sats is a lot of money.
That is 1/100 trillionth of the entire network.
If we have the assumption most folks will own 100,000 sats or less:
21 sats is 1/4,500th of one’s stack.
Perhaps multiple days worth of income.
You can buy perhaps dozens of days of income for $1.
Let’s see if anyone zaps this post in light of this perspective, haha. 🤣
"#Bitcoin is worthless because you can't use it at Chuck E Cheese... Chuck E Cheese tokens have more intrinsic value than Bitcoin."
What is wrong with Twitter folks?…
Banking stocks tanking like meme stocks.
Crypto banks and fiat banks… these losses are immense.
40% to 60% in a single day.
Already rumors for bailouts and bank runs…
Amazing how 24 hours changes everything.
“Risk happens fast.”
#Bitcoin may be volatile in USD right now…
But notice how there isn’t even a RUMOR of a bank run, bailout, or insolvency in #BTC .
Bitcoin is a bank without bankers that is designed to never need a bailout, yield, or a reset.
Many are scared right now, I am grateful for this.
People who predicted #Bitcoin:
Tesla, 1900
Ford, 1921
Fuller, 1967
Hellman & Diffie, 1976
Merkle, 1980
Chaum, 1983
Hayek, 1984
May, 1988
Zimmerman, 1991
Hughes & Gilmore, 1992
Stephenson, 1995
Back, 1997 @adam3us
Davidson, 1998
Rees-Mogg, 1998
Szabo, 1997 @NickSzabo4
Keiser, 1999
Friedman, 1999
Cohen, 2001
2004, Finney @halfin
Who am I missing?
Future thread… any insight or additional names appreciated
So far on Twitter I’ve been called:
“Sexist, sucker, scammer, grifter, transphobic, retarded, hater, shill, AI bot, fool, naive, ignorant, selfish, etc.”
I’m finding that most people like to engage intellectual disagreement with jargon.
I am also finding Nostr is much more pleasant.
Bitcoin is beautiful. 🧡
If we figure a $10,000,000 #Bitcoin as a ballpark…
Then today’s $25,000 is $0.0025 on the dollar before inflation.
Point is not the exact number... point is that it's well under 1 cent.
Real estate is not in a bubble.
Stocks are not in a bubble.
Gold is not in a bubble.
#Bitcoin is not a bubble.
The currency we price said assets in is the bubble.
When the currency bubble begins to unwind, we misdirect toward asset prices and excuse new stimulus to keep it up.
Do you think this is a reasonable conclusion?
