LOL

If I didn’t know better, I would think that Peter Schiff was orange pilling us. Peter is literally arguing FOR Bitcoin here… he just doesn’t realize it. He’s explaining why his rock is a “real” store of value, not necessarily because it is physical or tangible, but because it has been ascribed value by the users and holders of the rock, and that value of this rock is strongly supported because it has all these wonderful physical properties that make it better than all other rocks that could be used in its place to do what it does. He explains that his rock is the the best rock for being a store of value because it’s very durable and doesn’t tarnish, and that it is generally scarce and requires effort to mine it from the ground into existence, and that it’s divisible and can be used as a medium of exchange, and it can be used as a unit of account, and it is mostly portable, and can be verified as authentic by a trusted 3rd party… and also now it can be tokenized, so that gives his rock all the same usability as Bitcoin or other blockchain digital assets. Peter… It is a great store of value… we all agree. Gold was King and it does a pretty great job as a store of value, and did so also as a medium of exchange, and has for centuries. We’re sold on gold. It’s a great rock. Probably the best rock ever. Now… take the physical element OUT of gold, but add IN all the things Bitcoin does better in its place, and what you’re left with is why Bitcoin is better than gold, and then some! Bitcoin the PERFECT store of value. One that is impossible to be faked or duplicated. One that has a finite fixed supply (gold increases in supply @ 2% annually, and we don’t know how much is left on earth to be discovered). One that does not have to be securely stored off one’s balance sheets in secured physical vaults. One that does not require any 3rd party at all to transact through. One that is infinitely durable, divisible, residing on a publicly available, decentralized, node validated and immutable digital ledger, forever. On top of that, Bitcoin is a better Currency than all others. Bitcoin is both the reserve asset AND the native currency, as it can be stored natively in Layer 2 wallets (on networks like Lightning, Liquid or Stacks), where it is already being used for daily purchases at millions of retail establishments that choose to accept it (thank you Block / Square, Bitpay, Coinbase Commerce, etc.), just like the currency you spend via debit cards and even like the physical cash like you use now… AND your government can’t print more or it, ever, devaluing the reserve currency against the reserve asset it was intended to represent. So… not only is it everything gold was, but it’s also everything money & currency was, is, and will ever be, but better. Bitcoin > Gold Bitcoin > All Currencies ever including USD. Bitcoin > All other PoW native coins. Bitcoin ≠ Tokens of another asset. Bitcoin ≠ A network to issue other tokens on. Bitcoin is Digital Capital. Bitcoin is Digital Money. Bitcoin is governed only by code, that which is secured and validated by the users on network. (Mine Bitcoin and/or at least Run a Node!) Peter Schiff just explained every single flaw of Gold, and CZ explained every single benefit of Bitcoin over Gold to him and he still doesn’t get it. 🤦‍♂️ TTNB

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The Bitcoin Fear & Greed index is sitting at “Extreme Fear” level today… the worst fear level since the FTX collapse in Nov 2022, when it dumped to under $16k. Today, with the F&G index at 10, we’re sitting at $95k while the Czech Republic the United Arab Emirates and other nation states are buying. Just sharing…

Got these bad boys…

My Damus feed is chock full of bots and trash. I know I can mute it but Primal seems to have significantly less noise posts without any effort so I’m back over here to test out the nostr waters some more.

Pre-rapture sell off. HODL or BTD.

Explaining Bitcoin is hard because it’s quite nuanced. Most people Don’t think outside the box of it being more than an investable asset, priced in whatever their native fiat currency is. Thats all it will ever be to some people… so I think that any and all Bitcoin price explanation and/or orangepilling to friends and family these days needs to be done in Sats. I’m trying to make is as simple as I can for everyone… The Sat will replace the Cent, and right now Sats are on Sale at -90% Off. We all know there are 100,000,000 Sats (Satoshi units) in 1 Bitcoin. That’s an easy place to start. It’s just like there are 100 Cents in one Dollar… the Sat is the smallest denomination of a Bitcoin. There will always be 100,000,000 Sats in 1 Bitcoin, just like there will always be 100 Cent in 1 Dollar. If you had $1 Million Dollars, you’d have 100,000,000 Cents. There will only ever be 21 Million Bitcoin ever mined, and currently over 93% of the total supply has already been mined and is either in circulation or lost in inaccessible wallets from early miners who didn’t value it enough to protect it. By the year 2035, 99% of all the Bitcoin that will ever exist, will have been mined, and considering Bitcoin is expected to eventually overtake the global market cap of Gold (currently $23 Trillion) by then, this puts 1 Bitcoin at over $1 million per coin. When Bitcoin hits a total global market cap of $21 Trillion, that is when the Sat will replace the Cent. It’s not even that far fetched. It’s quite widely accepted and expected that Bitcoin will be worth $1 Million a coin before you’re likely to retire… and all the ducks are in a row to do so. There’s an enormous adoption curve ride we’re about to go on, fueled by ETFs, the US SBR & Genius Act, Bitcoin treasury companies, Bitcoin integration via banks, business point of sale terminals and peer-to-peer payment systems (Square, PayPal, Venmo, etc.); an adoption curve similar to that of the global adoption of the Internet in the 1990 and early 2000s. That’s not even mentioning the pressure on the FED to lower interest rates with the intention of helping the US Federal Gov’t to reduce it’s growing debt and deficit, which will run the economy hot and we all will watch trillions of dollars flow into this new “Digital Gold, but Better” Bitcoin narrative that’s taking hold in the global financial landscape. The pumps are primed and we’re ready to run. We’re still early… it’s just hard to see for the average person. Right now, 1 Bitcoin costs more than 2x the annual median salary for an individual in the USA between 25-38 years old. It’s 33% more than the combined income for an average USA household. It’s over 4x more than the price of an average used car. Most everyday people can’t relate to $1000 things, let alone $100k things, in which to invest… but they can relate to how many Cents are in a Dollar. It’s gonna happen. Right now you can get about 1000 Sats for 100 Cents. When Bitcoin hits $1 million, 1000 Sats will cost you 1000 Cents. Stack some Sats now while they’re at a 90% discount. The inventor / creator of Bitcoin, Satoshi Nakamoto, said in 2009 - 'It might make sense to get some, just in case it catches on.’ It’s catching on.

For the first time in 30 years, non-US central banks own more gold than US treasuries. This is very bullish for bitcoin.

Aaaaand back to Damus… lol.

I had been exclusively using Damus as my Nostr client but today I decided to log into Primal and here’s my first Primal post. This is just for exploratory purposes. I didn’t need to switch… npub login allows all the same consumption of content… but I just wanted to try it logging in. Kinda like sending test btc from wallet to wallet when you first learn about bitcoin. Just sharing!

John Nash invented Bitcoin.

What do you think the Bitcoin price will be in USD on the day we hit block #1,000,000… which should be on or around May 1, 2027. A million blocks… what a time to be alive 🟠

How do we get our friends off other trad-social media like X/Threads/Facebook and over on NOSTR ? How do we explain it, sell it, without sounding complicated. I try to say something like “It’s like Facebook or Twitter or Threads except you retain your data and and you can take it with you to another hosting platform”. How do you give the spiel?

- “According to reports, the Big Beautiful Bill allocates roughly $75 billion in extra funding for ICE, making it the highest-funded law enforcement agency in the federal government. Here's a breakdown of the increased funding for ICE: $45 billion for ICE's detention system to expand its capacity to hold over 100,000 detainees at any given time, roughly double its previous capacity. Nearly $30 billion for ICE's arrest and deportation efforts, including hiring additional deportation officers and staff, retaining personnel through bonuses, and increasing transportation assets. Billions more for other programs such as state and local cooperation, technology upgrades, and incentives to retain ICE personnel.” 47 also just said he would NOT sign a bill, even if it passed thru the Senate and Congress, that would require ICE to show identification and to stop wearing all facemasks. He literally just told us he doesn’t care what the citizens want, nor what the elected officials majority agreed on. This is a secret state police which literally translates to Gestapo. I’m sick of people not seeing how fucked up this is. They are saying the quiet part out loud.

I started running a Node. It feels assuring.