Oddbean

You can’t “Stack Sats”, to use the Bitcoin Cult lingo, without there being a means to distribute Sats to Stackers, and no, not everyone is an US American with a bank account, genius. Also, the entire rest of the world switching to Bitcoin, and not just Americans, will cause a sea change in the dynamics of many problems. Think GSM vs CDMA. America can lose international standards wars. That’s proven. The fundamental layers of Bitcoin are powerful enough to make the dream of hyperbitcoinization come true, if the people who maintain the tools and businesses eschew infantilism like Ordinals and “Assets on the Blockchain” and “Stablecoins”; perhaps the most egregious affront to Bitcoiner sensibilities and ethics. The inventor of Ordinals has now “moved on to other things” having left behind a literally indelible legacy of shame, with his acolytes continuing to pollute and burden maintainers of the public record. He’s the personification of one of the great remaining problems facing Bitcoin: Infantilism. "Dollars on Bitcoin” is the direct result of slave mentality and infantilism. The Austrians understand the dynamics of the problem of the Federal Reserve, but amongst them Saifedean is almost unique in correctly applying Austrianism to Bitcoin. The Bitcoin Cult on the other hand have proven not up to the challenge with their distractions, infantile absurdities and nonsense. They refuse to accept the basic argument implied by Bitcoin; the Federal Reserve Dollar is a corrupt criminal enterprise that is irredeemable. Thankfully many other countries are waking up to how they’ve been enslaved by Keynesian thinking and turned into Cargo Cults with their Central Bank funny money printed abroad and delivered in Security Theatre stocking rituals. These countries now have the means to free themselves from fiat prostitution, and it’s now highly probable that they’ll do it, thanks to the constant streams of provocations and humiliations doled out by Uncle Sam. Victory for America means allowing Bitcoin to be used as money and accepting it for the payment of taxes, not geriatric gibberish like “Strategic Reserves”, which as Saifedean correctly asserts, will not be permitted by the owners of the Federal Reserve System, who are the actual owners of America. https://x.com/saifedean/status/1818274910772306297 FASCINATING! https://m.primal.net/JgSB.png