Michael Saylor asks: “What is your primary way of holding bitcoin?”. Interesting choice of words. Saylor gives three options: 1. Self-custody 2. Institutional custody 3. Bitcoin ETF. But if we are talking about YOU HOLDING bitcoin, there is only one way to do that. And it is YOU HOLDING bitcoin, i.e. self-custody. So, the other two other options are not YOU HOLDING bitcoin. They are an institution holding bitcoin and a Bitcoin ETF holding bitcoin. I think it’s important that Bitcoiners do not give an inch, when The David Copperfield of Bitcoin muddies the waters. Otherwise, we are soon in a situation, where the general public thinks that “yes, you can hold bitcoin, but not like that.” So, GR, Mike. #Bitcoin #BTC #BitcoinETF #selfcustody #MichaelSaylor #Saylor #Strategy #Microstrategy #selfcustody #money

npub1gfxgylgst4lcemkjth6xdvcvq7le8rtlrym7wayml63qrjggngaqkqescl and npub1x3pn8pd7fjkt0ds8z4d7r9sp22kzm2hthhswey6lj5ml7hp3qqcs60l4jh 👍 Jake, become more active here on Nostr! #Bitcoin #Energy #ElSalvador #mining #bitcoinmining #BTC

“We believe that for the long run building on the steel foundations... It should not be backed by a centralized system. So, any stablecoin based system will be backed by money in a bank. We talk about stablecoins as running on top of blockchains. That's actually the wrong way of thinking about stablecoins. We think about technologies in layers. If you are using a stablecoin, the base layer is the one that determines the value, the one that provides you the fundamental protection. The base layer of a stablecoin is some bank. Actually, that's not even the base layer. The base layer of the USD stablecoin is the US government. The next layer is a bank where the money that has been printed by the government is held in. The layer 1. Then the layer 2 will be the private company that is managing that account, Tether or US Circle. And the layer 3 is the given blockchain that they have chosen to hold some of their cryptocurrency in… Ethereum, Stellar, or so on. And then if you are using a rollup or so, then that is layer 4. And it would be the same if it’s on Bitcoin. If it's on Bitcoin... when Bitcoin comes in, it will after the US government, after the bank, after Tether or Circle, so it's Layer 4 when Bitcoin comes in if we have a stablecoin running on Bitcoin. You have to think about it in terms of the ability to censor. And with Bitcoin, the Layer 1 is Bitcoin. There is nothing below that. And it's the most decentralized money that exists.” - Obi Nwosu (CEO of npub1uq70uqgas9pyhds2zt57kr9se8rg3s68ztphjnq82ts8rzeknmeql7u0c2 ) on the npub1lr2zzf989mvf393y0tv39ara6a4vddkd6y87z784up9vl6ks6j3qtudl6a media To summarize: Sats. Must. Flow. #fedi #fedimint #bitcoin #btc #stablecoins #stablecoin #tether #circle #Ethereum #Stellar #politics #USDT #USDC #sats

When I see intelligent people not understanding very simple things, I get suspicious. I love the fact that Bitcoin reveals people’s hidden agendas. Eric Weinstein is a good example. "The selling point is that it had a miraculous virgin birth, where Satoshi is the Virgin Mary, doesn't spend the genesis block, is content simply to give his gift to all. The flipside of that is, what if Mary is the CIA, what if Mary is China, what if Mary is something we don't really understand. Yikes." Blah… Blah… Who invented the wheel? What if the innovator is something we don’t really understand? Bitcoin is open and transparent. Not sure if we can say the same about Eric Weinstein. I think that the right questions are: “What if Eric is the CIA, what if Eric is China, what if Eric is something we don’t really understand.” I have an idea: What if Bitcoin podcasters and event organizers quit inviting Eric till he learns the very basics of Bitcoin? That would give him time to study. And if he is not interested, he can continue focusing on his craft -- immigration policy and porn. By the way, I know that the video is old. But he has not been getting any wiser. #psyop #CIA #EricWeinstein #Weinstein #Bitcoin #BTC #money #freedomtech

If you measure #Bitcoin in dollars or in another fiat currency, it looks like Bitcoin has not been performing in recent times. But if you see all the #BTC circular economies popping up in different parts of the world, all the innovation related to #privacy and payments, #Nostr etc., it’s easy to see that Bitcoin is more valuable than ever before. And the competing system, the world of fiat, is becoming more and more dystopian everywhere. Who cares what is the dollar value of Bitcoin, when you need a permission to use “your” dollars? And, similarly, who cares how many Twitter or Youtube followers an account has, when Twitter / Youtube can (and will) suppress the message if it contradicts their ethos of centralization? Bitcoin liberates. Fiat enslaves. Trying to measure Bitcoin price in fiat currencies, is like trying to measure the value of fresh mountain air in exhaust fumes.