Elon Musk hasn't said the word Bitcoin since 2022. Will he talk about Bitcoin tomorrow or will he continue to bury his head in the sand like an ostrich?
The way Bitcoin separates money from the state is with the immutability of its monetary policy.
But for the separation to be effective it has to be converted into money (CAMoE).
And the use of Bitcoin as a strategic reserve favors adoption and its conversion into money (same NGU).
From Scott Wolfe on X:
The IMF have revealed their Achilles heel. It is Bitcoin adoption. They can strong arm governments into staying clear of Bitcoin but they can’t stop YOU! We the people have the unprecedented opportunity to end the predatory, anti-human, neo-colonial work of the IMF by adopting and using Bitcoin ourselves. Let’s accelerate this grassroots, global movement for positive change and a better world! ✊
As the price of Bitcoin plummets, it becomes increasingly imperative to diligently study and comprehend the intricacies of Bitcoin and monetary principles to uphold and perpetuate the foundational ethos of decentralization, transparency, and individual sovereignty that Bitcoin was designed to embody.
The "black market" label only exists because governments assert a monopoly over what’s "legal," usually to extract taxes or enforce control. But anarcho-capitalism rejects that premise entirely. Private property and mutual agreement are the only rules that matter.
The brainwashing comes when people internalize the idea that freedom needs permission slips from above. It doesn’t. Trade is trade, and the only crime is when someone uses force or fraud. Everything else is just the state crying over lost revenue.
A while ago, the socialist government of Spain made an announcement regarding state debt in which it said that this was a good thing, not bitcoins ("eso sî que es bueno y no los bitcoins"). Now it is Tether's CEO who is proud to hold US government debt.
@TiltedCheddar asks Grok3 to predict the price of bitcoin for the next 10 years. The results are interesting, but it's more or less a normal prediction of events. I've changed the parameters a little bit 😂 and I get the following:
I don't care if Bitcoin IOUs are discounted or the same price as real bitcoins. They are different goods and I would never trade real bitcoins for Bitcoin IOUs.
#Bitcoin #austrian #soundmoney
Tether CEO Paolo Ardoino says that "Tether USDt is the best ally to the US Dollar hegemony".
But that is precisely the problem, being "the best alley to the hegemony of the US dollar", the fiat money par excellence, the money of coercive power.
The future must be built with a sound money freely chosen by the market.
#Bitcoin #Austrian #soundmoney
Talking about #Bitcoin as a Store of Value or Deposit of Wealth only makes sense if we assume that Bitcoin is a Medium of Exchange.
This will be better understood if we think that it is not value that is stored or wealth that is deposited, but rather that goods are exchanged for bitcoins and these are kept (hodl) as a reserve of purchasing power. And obviously if Bitcoin were not a Medium of Exchange it would not be used as a reserve of purchasing power.
I don't think so, more than a Bitcoin president, a crypto-bro president. @realDonaldTrump still has to learn what Bitcoin is and why it is not a cryptocurrency (and @elonmusk doesn't seem like he's going to help with that).
#Bitcoin