Is this really accurate? Irreversibly Destroy

Luke Dashjr

It takes time to think through, implement, and review a more complicated long term change. 

In that time, anyone can just destroy Bitcoin ...

Why cant AI takeover all the politicians jobs?

Bitcoin is the best money

Fuck you money. Not the stack size, but freedoms it protects. Still stacking it.

Are we goin to do the "unrealized capital gains tax" thing? or go completely the other way: "legal tender, no cap gains"? It feels like it will be happening soon

wen rhr?

How exactly can Japan invest 36 billion in US? I thought they actually dont have any money? They owe way more than they produce, right? *Some* pretend that businesses/Govt/sovereigns are different than plebs/households.... this is fiat BS at its best. I either have cash (savings) to invest, borrow cash to invest or have to work more to earn cash to invest. There are no other options. This truth will eventually win. F-in frustrating that it is taking so long....

Maple AI: Austrian Ecomonics: "Policy Implications: Limited Government & Free Markets: Core Idea: Based on their analysis of knowledge, incentives, and process, Austrians consistently conclude that voluntary exchange within a framework of strong property rights and minimal government intervention leads to the most efficient, dynamic, and prosperous outcomes. Government intervention (price controls, regulations, central planning, monetary manipulation) distorts signals, creates discoordination, and leads to inefficiencies or crises. Implication: Strong advocacy for laissez-faire capitalism, free trade, and radical limitations on state economic power. Deep skepticism of government solutions to economic problems."

Maple AI: "In essence, Austrian Economics provides a framework for understanding the economy as a complex, dynamic process driven by the subjective valuations, dispersed knowledge, and purposeful actions of individuals, coordinated primarily through the price system and entrepreneurial rivalry within free markets, and arguing that government intervention often disrupts this intricate process."

"Space is associated with the structure of the hypergraph, yet time is associated with computation on it." S. Wolfram

Warsh appointment is noise Signal: The FED doesn't control the interest rates. Who cares what the short-term (T-bills + T-notes) rate is? No one should. 10yr+ bonds is what counts. Fewer buyers of US bonds is the problem: a strong signal that the world/market no longer trusts US-bonds as reliable store of value. Yield curve control (YCC) is also a BS term. Call it what it is: they (FED) step in and buy the unwanted bonds with printed money to keep the rates lower. $7-8 trillion is due (rolling over) in 2026 and they will likely have to print (= YCC) to make sure rates don't spike. Full on ponzi Buy and hold real money they cant print

FED never produced anything, they were initially minimally funded.... they actually printed virtually all of it.... How Asset Purchases Work (Mechanics): When the Fed decides to buy an asset (like a Treasury bond or MBS), it does the following: Identifies the Seller: The Fed buys assets from banks, primary dealers, institutional investors, etc., usually through auctions in the open market. Credits Reserves: The Fed pays for the asset by crediting the reserve account of the seller's bank. Example: Imagine the Fed buys a $1 million Treasury bond from Investment Fund A, which banks at MegaBank. The Fed adds the bond to its assets on its balance sheet. Simultaneously, the Fed creates $1 million in new digital reserves and credits MegaBank's reserve account at the Fed (adding to the liabilities side of its balance sheet). MegaBank then credits Investment Fund A's account by $1 million. Key Points: No Pre-existing Money Needed: The Fed doesn't draw down a bank account funded by taxes or borrow money to make these purchases. It creates the payment digitally at the moment of purchase. Balance Sheet Expansion: Each asset purchase simultaneously increases both the Assets (the bond or MBS) and Liabilities (the newly created reserves) on the Fed's balance sheet. The Fed's balance sheet grows when it buys assets. Initial Capital (1913): While the Fed creates its operational money, it did start with initial capital provided by member banks. Commercial banks that joined the Federal Reserve System were required to purchase shares (stock) in their regional Federal Reserve Bank. These shares paid a fixed dividend (6% by law), but did not confer control like regular stock. This initial capital provided a small buffer, but it was tiny compared to the Fed's balance sheet today and was not the source of funds for asset purchases. Gold Certificates (Historically): In the early decades under the gold standard, the Fed did hold gold certificates (backed by gold held at the Treasury). This provided a form of backing for the currency it issued, but the mechanism for paying for asset purchases was still primarily the creation of reserves or the issuance of notes, albeit constrained by gold reserve requirements. The gold wasn't "spent" to buy assets; it acted as collateral limiting how much the Fed could create. Earnings & Seigniorage: The Fed earns interest on the assets (bonds, MBS) it holds. After covering its operating expenses and paying the statutory dividend to member banks, the Fed remits the vast majority of its earnings back to the U.S. Treasury. This is a form of government revenue called seigniorage. However, these earnings are a result of holding the assets, not the source of funds to buy them. In Summary: The Federal Reserve didn't get "money" from somewhere else to start buying assets. Its foundational power, granted by Congress, is the authority to create U.S. base money – both physical currency (Federal Reserve Notes) and, crucially for asset purchases, digital bank reserves. When the Fed buys an asset, it pays for it by creating new reserves out of thin air and crediting the seller's bank. This is the essence of its ability to conduct monetary policy and expand the money supply. Initial capital from member banks and historical gold holdings provided structure and constraints, but not the operational funds for purchases.

*FED acting as the Treasury's Agent* From Maple AI. Fed Reserves Assets: "Foreign Currency (Intermittently, Especially Post-Bretton Woods): The Fed holds relatively small amounts of major foreign currencies (euros, yen, etc.). Used historically for foreign exchange (FX) intervention, in coordination with the Treasury, to influence the value of the U.S. dollar. (Note: The Treasury, via the Exchange Stabilization Fund, is the primary actor, but the Fed acts as its agent)."

*FED acting as the Treasury's Agent* From Maple AI. Fed Reserves Assets: "Foreign Currency (Intermittently, Especially Post-Bretton Woods): The Fed holds relatively small amounts of major foreign currencies (euros, yen, etc.). Used historically for foreign exchange (FX) intervention, in coordination with the Treasury, to influence the value of the U.S. dollar. (Note: The Treasury, via the Exchange Stabilization Fund, is the primary actor, but the Fed acts as its agent)."

*FED acting as the Treasury's Agent* From Maple AI. Fed Reserves Assets: "Foreign Currency (Intermittently, Especially Post-Bretton Woods): The Fed holds relatively small amounts of major foreign currencies (euros, yen, etc.). Used historically for foreign exchange (FX) intervention, in coordination with the Treasury, to influence the value of the U.S. dollar. (Note: The Treasury, via the Exchange Stabilization Fund, is the primary actor, but the Fed acts as its agent)."

Why I'm still stacking: None of the core facts have changed: ✅DA-POW ledger based on time and energy works without anyone in charge ✅bitcoin is both money + a network ✅gold is not a network - based on its physical limitations, it needs a network outside of gold to work ✅gold has failed before and cannot be upgraded ✅gold supply is elastic ✅USD is failing: $38 trillion debt + no buyer; train has left, NSTT

All the dudes who say the superbowl sucks quit football as a kid. Human excellence comes in many forms. Just recognize how skilled + dedicated these guys are. If you could do it, you would.

@TEN31 "How much more valuable are those scarce ledger units if they can be sent across the world cheaply and instantly; if they can be safely stored without the overhead of armies and vaults; if they are trivially verifiable and easily accessible to anyone with an internet connection; if they can be spent and secured composably and programmably?" Ignore at your own peril

Own something that cant be printed.