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Taking Care of Bitcoin
TCBcoin@nostr.theorangepillapp.com
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Taking Care of Bitcoin Podcast
Tale from the front lines: accused of operating an unlicensed money transmitter business. Taking Care of Bitcoin with Dave Scotese!
The United States will buy Bitcoin, whether it be now or later. Game theory demands it. The only question is: Will we lead? Or will we chase?
NEW EPISODE Taking Care of Bitcoin with Trey Musgrave! President and Founder of The Bitcoin District Initiative
21 million Bitcoin. That’s it. ~50,000 publicly listed companies ➡️ Not enough for each to own 240 BTC ~60 million millionaires worldwide ➡️ Only ~0.35 BTC each if split evenly ~195 nation states ➡️ ~107,000 BTC each All will be a buyers. Don’t overcomplicate this.
Global investors are long real estate... they're long bonds... they're long equities... They refuse to see Bitcoin because Bitcoin exposes a pretty unnerving fact. All of their investments are significantly overvalued.
It's incredible how ardently people will defend a money that steals from them when presented with a money that doesn't. Stockholm syndrome is real. We aren't meant to be caged. Come on out of there. image
"Hustle culture" isn't necessarily something to be celebrated. "Hustle culture" is born out of the fact that monetary inflation is making it increasingly impossible to get by on a single income. It doesn't have to be this way.
For decades, we have compared the dollar against other fiat currencies. It was always the least dishonest amongst dishonest monies. It was the "cleanest dirty shirt," as they say. Enter Bitcoin Absolutely scarce, honest money A clean shirt The game has changed.
Yes, liquidity is suffering right now, but look at the trend. Does anyone believe this dip in M2 is anything but temporary? image
Many people on earth never had a landline phone, they jumped the shark straight to the cellphone. In similar fashion, some countries with failing currencies will collapse into the dollar, but as soon as Bitcoin is large enough, most will jump the shark straight into Bitcoin.
We knew the game theory would come for individuals. We knew it would come for corporations. We knew it would come for financial managers. We knew it would come for sovereign wealth funds and nation states. But, let's be honest, did we see it coming this soon?
Bitcoin is about to teach the whole world a lesson in absolute scarcity. I applaud all y'all for getting to class early. 👏
The government shouldn't control the size of the money supply. The money supply should control the size of the government. 🇺🇸