You'd be hard-pressed to find a more insightful 20-minute interview than this one!
Among the topics covered: #Freedom #OpenSource #Bitcoin #NOSTR #FreeSpeech
https://www.youtube.com/watch?v=MaZyXEU5XAg@LynAlden
#Bitcoin transactions are Peer-to-Peer.
That's somewhat easy to understand. ✅
The Bitcoin Ledger is essentially a database that is NOT run/maintained by a person, group, company, or institution b/c that's the job of a third party.
And, that third party does not exist! 🤯
The 4th Epoch marked the end of getting away relatively unscathed by ill-informed takes on dissing #bitcoin.
During this 5th Epoch, dissing Bitcoin will be CAREER suicide.
During this 5th Epoch, dissing Bitcoin will be BUSINESS suicide.
During this 5th Epoch, dissing Bitcoin will be POLITICAL suicide.
During this 5th Epoch, dissing Bitcoin will be EDUCATOR suicide.
During this 5th Epoch, dissing Bitcoin will be REPUTATION suicide.
During this 5th Epoch, dissing Bitcoin will be LEGACY suicide.
During this 5th Epoch, dissing Bitcoin will be RELATIONSHIP suicide.
During this 5th Epoch, dissing Bitcoin will be WEALTH suicide.
This does not mean that every individual, family, business, institution, central bank, or nation will be on board the Bitcoin Train by the start of the 6th Epoch, what it means is that dissing Bitcoin during the 6th Epoch will be an act left for the FLAT-EARTHERS to carry out!
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🚨Beware: The #Bitcoin 🐇🕳️ can change your life!
No one has ever surfaced after 200+ hours studying Bitcoin down the rabbit hole to go back to a 100% #fiat life, no one! Fact Check: True ✅
Go ahead, try it: You can be the first!
"No one is coming to save you. This life is 100% your responsibility." ~ Never said a nation-state leader determined to control what you think, what you say, and what you do!
#Bitcoin is for the self-sovereign individual promoting self-accountability, self-responsibility, and #freedom for all.
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Are you excited about #ETFs, #bitcoinETFs, and the #EthereumETFs?
If so, why? Are you excited about promoting and extending the life of the Fiat System?
Also, ask yourself why you suppose governments approve #bitcoin and #crypto ETFs, in the US and elsewhere. Are governments gaining control or losing control of the fiat system by doing so?
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#NVIDIA ($NVDA) has reached ATHs, and that's why savvy investors have started evaluating how much to take off the table. With securities, ATHs are signals to NOT get greedy.
Whereas,
Every time #BITCOIN ($BTC) reaches ATHs, savvy savers, and folks storing generational wealth (perhaps some cashing in on NVDA) start evaluating what else they call sell to move into Bitcoin.
The savvy investor and the savvy saver know what they own!!
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No one will ever be able to reap the benefits of a greater financial life hack than buying #bitcoin with #fiat.
Luckily for you, many still DO NOT KNOW what they own and thus are willing to sell you their Bitcoin in exchange for the worst money human civilization will ever have, FIAT currency!
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1983
"Break My Stride"
Last night I had the strangest dream
I sailed away to China
In a little rowboat to find you
And you said you had to get your laundry cleaned
Didn't want no one to hold you
What does that mean?
And you said
Ain't nothing gonna break my stride
Nobody gonna slow me down
Oh no
I got to keep on moving
Ain't nothing gonna break-a my stride
I'm running
And I won't touch ground
Oh no
I got to keep on moving
You're on a roll and now you pray it'll last
The road beyond was rocky
But now you're feeling cocky
You look at me and you see your past
Is that the reason
Why you're running so fast?
And she said
Ain't nothing gonna break-a my stride
Nobody gonna slow me down
Oh no
I got to keep on moving
Ain't nothing gonna break my stride
I'm running
And I won't touch ground
Oh no
I got to keep on moving
(Never let another girl like you)
Work me over
(Never let another girl like you)
Drag me under
(If I meet another girl like you)
I will tell her
(Never want another girl like you)
Have to say
Oh
Ain't nothing gonna break-a my stride
Nobody gonna slow me down
Oh no, oh no
I got to keep on moving
Ain't nothing gonna break my stride
I'm running
And I won't touch ground
Oh no
I got to keep on moving
Ain't nothing gonna break-a my stride
Nobody gonna slow me down
Oh no, oh no
I got to keep on moving
Ain't nothing gonna break-a my stride
I'm running
And I won't touch ground
Oh no
I got to keep on moving
(Whoa)
Ain't nothing gonna break my stride
Nobody gonna slow me down
Oh no
I got to keep on moving
Ain't nothing gonna break-a my stride
I'm running
And I won't touch ground
Oh no
I got to keep on moving
Where are today's Roman Numerals #Maxis?
Could they be descendants from the same gene pool of steadfast highly-educated folks who fought against the adoption of Arabic Numerals?
Europeans first heard of Arabic Numerals in ~ 10th Century, but it took 300 years for the #RomanNumerals maxis to get past their reluctance.
It does seem they have passed on their genes to those who today vehemently support #CentralBanks and #MoneyPrinting, perpetuate Keynesian Economics, #MMT, and tout #fiat > #bitcoin.
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“The government consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can't get and to promise to give it to them. Nine times out of ten that promise is worth nothing. The tenth time is made good by looting A to satisfy B. In other words, government is a broker in pillage, and every election is sort of an advance auction sale of stolen goods.” -H.L. Mencken
100% of people who have ever heard the word BITCOIN in any context (good, bad, or ugly) and have never owned a single #satoshi have NO IDEA that the purchasing power of Bitcoin is going up forever and that no other asset (or investment) will ever beat bitcoin's performance over the long run. These folks are Level 0.
99% of those who own any amount of Bitcoin still have no idea that the purchasing power of Bitcoin is going up forever and that no other asset (or investment) will ever beat Bitcoin's performance over the long run. These folks are Level I & II.
For a Level I Bitcoiner, just about everything else (99%) in the investing world is more attractive than Bitcoin. These folks like dabbling in Bitcoin, and they find the subject worth keeping an eye on!
For a Level II Bitcoiner, there's skin in the game! These folks understand that Bitcoin may be the single biggest asymmetric bet of their life. Yet, their net worth (~80 to 90%) is solidly anchored to traditional (#TradFi) investments.
Level III's are those who will never surface from the Rabbit Hole. There's no mistaking a crypto grifter or scammer for a genuine Level III Bitcoiner! Level III Bitcoiners have been down the rabbit hole for 2,000+ hours and have nearly all of their Net Worth (~ 80 to 90%) in Bitcoin, #BitcoinETFs, $MSTR, and other Bitcoin proxies.
Level IVs must exist in the wild, but I haven't met or heard of one! Have you? 100% of their Net Worth is in Bitcoin. No ETFs, no Proxies!
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People don't want a plethora of options, what people want is the ₿EST among the options available to them where there's no second-best!
₿ - How do I save? Bitcoin
₿ - Where should I invest? Bitcoin
₿ - How do I save for retirement? Bitcoin
₿ - Should I invest in anything else (Stocks, Bonds, Art, Commodities, Real Estate, other.) other than Bitcoin? No, over the long run nothing will outperform Bitcoin.
₿ - How do I find a great financial advisor? With Bitcoin, you don't need one! What you need is a #Bitcoin Key Management Advisor!
₿ - Where should I live? In a Bitcoin-friendly jurisdiction.
₿ - Who should I date? A Bitcoin maximalist!
₿ - Who should I vote for? A Bitcoin maximalist!
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In the spirit of "all bitcoin models are wrong, some may be useful," here's my model for #bitcoin adoption.
Bitcoin Adoption Phases:
Exponential Phase (Jan 2009 to Jan 2024): 1% of the adoption was led by those who front-ran Wall Street. Congratulations if you were part of this cohort of#maximalists (toxic or not), #psychopaths, and #educators (special shout-out to the authors and podcasters) as this will NEVER happen again! You are part of history! 👏 👏
Linear Phase (Jan 2024 to Jan 2034): 9% of the adoption will be led by Wall Street, Institutions, Family Offices, Companies, Pension Funds, and nation-states. In these 10 years, bitcoin will become the universal RISK-OFF asset and generational wealth 💰 💰 will be amassed (during this phase wealth is still measured in #fiat) by those who have done their homework (#PoW) to reap the benefits of a price increase from $44K to $2M.
Asymptotic Phase (Jan 2034 to Jan 2054): 89.9% of the adoption will be led by the masses as Bitcoin will be "the defacto choice." These 20 years will catapult humanity to greater heights as the world will be on a Bitcoin Standard. Nation-states will not be able to readily fund wars, the world is mostly at peace! 🕊 ❤️☮
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The polls are always open, 24 hours a day! It's a vote you can't abstain from ... you cast your ballot every day of your life willingly and smartly or otherwise!
#bitcoin makes war unaffordable.
#fiat makes war profitable and desirable.
#peace > #war
How is this a choice or debate?
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If you are a business owner with a payroll, it's your #1 responsibility to make sure that you can meet your next payroll or two. But having all your 'payroll #fiat cash' in one bank is NOT prudent. Yes, spreading your payroll cash among several different banks is a good first step, but ultimately, you will sleep better if you have very liquid reserves that are safeguarded by the most secure ledger that will ever exist and one that is outside the banking system. #bitcoin
These are the banks that FAILED, closed shop, in 2023:
- Silicon Valley Bank
- Signature Bank
- First Republic Bank
- Heartland Tri-State Bank
- Citizens Bank
You may be thinking ... but all these banks were acquired and depositors were made whole. True.
But, the disruptions to the businesses that had deposits in these banks are still being felt. Many businesses could not make several payrolls on time, the excuses were valid but inexcusable. When it comes to not making payroll, excuses are never acceptable.
Oh, but it won't happen again! Are you sure about that? Google: New York Community Bank
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What types of sunk costs? Fiat sunk costs including:
- net worth
- worldview
- financial acumen
- successful career
- a sense of intelligence
- degrees and certifications
- industry accolades and awards
#bitcoin upends all of the above and much more!
Suspending all of the above and starting a journey down the rabbit hole, a journey of discovery and curiosity is what it takes to see and understand what exactly is the 850 billion-dollar fuzz all about.
Otherwise, the result of hating bitcoin is indeed a natural outcome not because it is a pet rock that won't cause any harm or damage. Rather, it is because this pet rock is more like a meteor hurtling toward them (the haters, the Cramers, the Warrens, the Krugmans, the Dimons, etc) to destroy what they have worked so hard to build (or steal) in FIATLAND.
Only those who are humble enough to dismiss their #fiat mindset will be able to adapt to the biggest paradigm shift in our lifetime, the biggest paradigm shift perhaps in 6000 years, since human beings invented the social construct of #money!
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These words are dangerous because #bitcoin embodies all of them. We are in the early days of ... "then they fight you" phase.
Remember: #BitcoinETFs are 100% #fiat products as #bitcoin redemptions are NOT possible. That was a KEY CONDITION for their approval.
Monitoring eleven Wall Street firms is a walk in the park as compared to the MILLIONS that are going to buy these paper bitcoin products and will one day realize they have been duped, yet again, to remain obedient inside the fiat reservation.
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It only takes one of these horsemen to decimate anyone or any business, regardless of how strong of a track record or prior wins they may have had.
Every day we have to see if one or more of these fellas are galloping alongside us! If so, do something, because they will NOT tire! #bitcoin gets rid of these horsemen, and that's worth the price of admission!
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From 01/12/2009 to 7/14/2010 the #Bitcoin network established itself worldwide with a native coin with "NO #FIAT VALUE." This was a CRUCIAL condition to establish a sufficiently decentralized monetary network. This condition can never be replicated by anyone aware of its criticality.
All attempts at creating an alternate, better than #bitcoin, #cryptocurrency have been doomed from the start as they have launched with tokens that have a #fiat price, insiders, opaque or changeable rules, and in 99% of the cases with a significant "pre-mine" of tokens that are owned by a few players. #bitcoin requires NO TRUST in individuals and it has NO LEADERS, whereas ALL #cryptos require their leaders to behave ethically and morally to sustain the marketability, credibility, and security of their tokens. #bitcoin or #crypto? (How is this still a choice?)
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"I am glad I sold all my #bitcoin for #fiat 3.8 years ago." ~ has never and will never be said by anyone!
The #bitcoin #200WMA chart has never dipped. And, as long as #bitcoin is priced in #fiat currencies that are designed to be perpetually debased, it will continue to attract people looking for a store of value (#SoV).
Now, the day will come when #bitcoin ceases to be priced in #fiat. This is when everything will have a price except bitcoin. When this happens, circa 2040, #bitcoin will be the universal unit of account (#UoA) and remain so, forever, Laura!
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Welcome to Bitcoin! This is a world of hard money and discipline. Weak individuals cannot stomach the learning and discipline required to stay here, they typically leave quietly in the middle of the night.
You, your family, your family office, your company, or your country cannot benefit from the biggest asymmetric bet of human civilization without the DISCIPLINE to #HODL.
This is my take on #HODLing: DCA into #bitcoin & ONLY spend (never sell for #fiat) bitcoin that has matured 200 Weeks.
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