Throughout human history, defending wealth—whether land, gold, or resources—has always required physical kinetic power: walls, weapons, armies, and human lives. Defending property has always cost blood. #Bitcoin introduced a paradigm shift: it is also defended by physical power—but electrical power. It replaces the cost of human lives with the cost of an electricity bill. Complaining that Bitcoin “uses energy” is like complaining that a hospital uses electricity to keep a patient alive. It’s the cost of security—but for the first time in history, achieved in a peaceful and universally accessible way. image
In the last 3 days alone, BlackRock's IBIT ETF had a net inflow of 18,433 Bitcoins. 👀
1930s: Great Depression → FDR confiscates gold 1970s: Nixon abandons the gold standard → Inflation skyrockets 2008s: Housing crisis → “Quantitative Easing” (money printing) 2020s: Pandemic → 40% of ALL U.S. dollars printed in just 2 years Pattern identified? Crisis → State expands power → You pay the price #Bitcoin was born in 2009. In the genesis block: “Chancellor on brink of second bailout for banks” Satoshi didn’t create digital money. He created an exit from a broken system that: • Socializes losses • Privatizes gains • Steals through inflation • Bails out banks with your money 16 years later: Fiat system: More broken than ever Bitcoin: 99.98% uptime, zero bailouts needed So, which experiment really failed?
“Although born within our subjective consciousness, the image of perfection expressed in the ideal points to an objective quality: through the ideal, man’s latent qualities tend to orient themselves outward and transform into acts and works in the world. The ideal is the path by which individual aspirations for happiness flow into the already-open furrows of external reality, leaving the glass dome of dreams and taking shape upon the greater stage of facts and things. Without a defined ideal, even the noblest aspirations remain mere dreams, because there is no immanent moral duty demanding they conform to reality, narrowing in scope so they may be realized in depth. Only the idealist is a realist; the others are either dreamers or cynics. Lacking a measure of what things ought to be, they see them as either better or worse than they are.” —Olavo de Carvalho, The Abandonment of Ideals (1987)
So the “big announcement” that’s been making the rounds on international Bitcoin Twitter is just another politician using #Bitcoin as a campaign prop? It’s about time to mute all these people who keep coming with a “huge Bitcoin announcement” every week. Bait after bait.
“I’m too early in #Bitcoin, because the world that will be built because of Bitcoin will happen after I’m gone." — Max Keiser
There are more than $1 billion in call options on the market betting that Bitcoin could reach $140,000 by December of this year. Another $985 million is wagering it could hit $200,000 by December 26. image
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I still can’t wrap my head around the Interim Prime Minister of Nepal being “elected” through Discord. Yes, you read that right — people decided who’s going to temporarily run the country via Discord. That’s insane 🤯 image
🚨The U.S. Payroll report was revised down by 911,000 jobs compared to what was initially reported. That’s nearly 1 million fewer jobs in the aggregate for the 12 months up to March of this year. The U.S. labor market is in much worse shape than reported.