How would bitcoin handle the recent demand from China? NGU @jack mallers … NGU. Don’t apologize for the trouble nation states have found themselves in. Their pain needs to be bitcoiners’ gain. Empowering the individuals to really change the world. Apologizing for their ills, justifying them prioritizing gold over bitcoin, and giving them time to adopt isn’t the right approach IMO. We need to accelerate bitcoin adoption ASAP. We’re not all as rich as you are…

The insatiable appetite for growth is a symptom of interest rate policy making money too accessible. With bitcoin, interest rates will be set at 20%+ … there will be a return to looking inward, delivering quality with our time, and rediscovering humanity’s purpose in the World. Look forward to the rediscovery process.

Remember when they had to convince the public to buy “war bonds” in order to fund their operation? How much better would things be if we had to ask the public for funding for any service or action the government wanted to implement?

As @Saifedean Ammous says, Bitcoin’s NGU is the most important metric in bitcoin. To act as if all these other metrics suggest we’ve never been stronger is naive and/or misleading. Bitcoin’s stuck in a 4+ year chop that undermines its thesis as a superior technology. We’ve got to get to the root cause of the underperformance.

What needs to happen to get 10% of the United States population to understand that central banking is the problem we all feel?

Bitcoin at 30% discount going into the money printer phase of central banking. What do you think comes next?

Bitcoin replaces treasury bonds.

@Marty Bent Please stop cherry picking the 3-year bitcoin return profile. It’s not intellectually honest and it is not endearing your class of ‘21 bitcoin maxis. You’re speaking from a position of hubris afforded by earlier adoption and moving the goal posts from your “supercycle” calls late 2024. This is by far the worst return performance for 4-5 year hodlers.

@Jeff Booth I think it is easy for those bitcoiners who have already gotten incredibly wealthy to dismiss the importance of NGU. But for the next wave of adoption, the bitcoiners who have committed to the thesis - who believe in the importance of decentralized money and that bitcoin is that money - have to enjoy the risk-adjusted returns over time. I started adopting bitcoin in 2020. Became a bitcoin maxi in 2021. Planned on building out a business, running it on a bitcoin standard, and contributing to the long-term success of bitcoin. Yet the overall purchasing power return profile of bitcoin for the last 4-5 years has dramatically underperformed. The earlier adopters dismissing this, dismissing those who adopted during this window, is a drastic mistake. Bitcoiners need to have empathy for other bitcoiners. And it feels like all the bitcoiners who have already “made it” are totally distanced from and annoyed by the bitcoiners who have not had that bump in value transfer over time. We’ve gone from encouraging bitcoin adoption from the general population to trying to improve the functionality of bitcoiners who already have had their purchasing power elevate to incredible levels. NGU is a necessity. Many bitcoiners seem to have forgotten that necessity.

2026 is the year. It’s all going to change. Embrace it. Stack our little hearts out. LFG!

If you think the gold and silver moves are impressive, just wait until central banks start stacking bitcoin.

Bitcoin obsoletes traditional banks. You don’t think they’re going to fight bitcoin to the death? There is no “integrating” bitcoin into their current operations. Their current operations are incompatible with bitcoin at a fundamental level. They’re terrified and doing everything they can to stop it. Fighting in the shadows. Tick tock, next block.

The best application of vibe coding is to disrupt existing industries. Not to make profit for yourself. But to open source closed systems that require a monopoly to function. Break the monopolies. Disrupt the existing system. Bring true capitalism to the market and reprice the economy.

Bank runs were featured climatic events in our old culture. Both Mary Poppins and It’s a Wonderful Life showcased the ills of banking. Yet as a modern society, we fail to acknowledge that this is a real risk to our daily lives. Has the risk gone away? Or has it just been transferred to a mechanism harder to quantify (like larger inflation)? I believe it is the later. How much longer until the uninformed masses feel inflation so much they finally wake up and make a modern day “run on the bank”? #bitcoin

Bitcoin will replace treasury bonds. It will be difficult to prevent this transition from happening quickly once it starts. History has shown that money fails fast when it fails. Whenever this transition happens, all pricing models go out the window.

@Marty Bent to your point on the US economy requiring the fraudulent activity. You’re absolutely right and it is designed / justified by the necessity of getting capital flowing into certain municipalities that private enterprise has left behind. If the USA didn’t have these fraudulent mechanisms to get capital to remote / less economically viable cities, towns then you’d have absolute collapse of (and associated social unrest within) towns that were built up around Industrial Revolution economies. Cities & towns that no longer have a private economic justification to exist. But Americans live there, have mortgages there, and are hyper resistant to leave their homes. As repulsive as the whole thing is, it serves a critical function to the US economy and our continued social stability. Now the whole DEI and political contribution funneling angles are an additional layer that I’m not taking about. But I can see why both political parties are funneling fraudulent capital to thousands of cities & towns across the country.