"What's wealth but the means of expanding one's life? ... I'm manufacturing time. ... That's the savings account I'm hoarding. Is there any sort of safety vault that could protect this account in the outside world?" - Ellis Wyatt, Atlas shrugged Bitcoin is time.

Bitcoin is a tsunami.

Why is the Bitcoin price of volatile? Bitcoin has no use except for its use as money. So it's either worth zero because nobody else accepts it as money, or Bitcoin is extremely valuable because everybody wants to be paid in bitcoin. What do you think volatility would look like if a new money were emerging from zero?

I'm done trying to convince people that bitcoin is the answer. Now I'm just going to probe them for what they think the solutions are. Dilution, censorship, control, housing scarcity, wealth gap, financialization, social security Ponzi scheme?

Had a good Bitcoin conversation on Facebook that I think is worth sharing. Me... Yeah, the price is volatile. Don't dismiss Bitcoin for behaving as expected during its adoption phase. Friend... now we can all sleep better knowing that our "future currency" can fluctuate every time a whale sneezes lol Me... do you realize how much price volatility bonds are suffering right now, despite being universally adopted as the current world reserve asset? Have you considered what Bitcoin's short term price volatility would look like if it were universally adopted as the world reserve asset? Friend... Hundreds of countries will relinquish control of their currency why? Because bitcoin is a cool idea? Ill take things that will never happen for $100. On top of that adoption is technically challenging for 99% of people. People cant even properly secure their passwords and now all of a sudden the illiterate world is going to store and maintain bitcoin without getting it all stolen by bad actors? And that money is uninsured to boot? Bitcoin is a cool concept, it has showed it has value to some but it will never be what you think it is. Nobody is going to give all the power to bitcoin whales. I sure as hell wont. Me... all great thoughts worthy of careful consideration. Hundreds of countries don't have control over their currency, but are controlled by the few that do. Most people will never deal with bitcoin technical challenges, but will instead transact and protect their accounts using a growing suit of apps backed by bitcoin. Yes, money is power. The key is to break the cycle so that power is not also money. In Bitcoin, more money can never give you control over the money. In fiat, more money does give you more control over the money, which leads to more money and power. What kinds of things are you watching for that would get you to reconsider your current outlook? Friend... Hundreds of countries flock to the USD. Thats what I meant about that. As an American I think thats a good thing. That allows this country to keep operating at a deficit for as along as we need. Do i agree with that on principle? No. But my trust in that system is more a result of my distrust of bitcoin whales than it is trust in our gov. How is the power not in the hands of whales right now? Me... Obviously, the hundreds of countries that don't control the money have much to benefit by flocking to a system of money that can't siphon their wealth away. It's true that Americans benefit from the dollar, but at terrible cost to the rest of the world. Time to build a better system. Bitcoin whales only have one, temporary power - to manipulate the price while bitcoin adoption is minimal. Current bitcoin adoption is around 0.1% of global wealth. But even now attempts to manipulate the price to exploit people are guaranteed to bleed Bitcoin into the hands of people who simply buy and hold. Bitcoin whales have no power to exploit. Fiat whales certainly do, like getting overleveraged on financial derivatives only to get bailed out by working class taxpayers. Why do you think you're more willing to trust a fiat system that gives a ruling class the power to put themselves above the rules, rather than to trust a Bitcoin system that enforces the same rules for everyone? ... Now it's been several days with no response

The Bitcoin price always seems high, until you realize it's going to infinity.

The truth is that food, housing, clothing, comfort, and travel are more abundant than ever. The reality is that fiat inflation has stripped wealth away from people so that these things feel more expensive than ever. Bitcoin reveals the truth: true prices, measured in a money that cannot be printed, are falling for everyone around the world, and will forever.

Civil society is built on the technology of laws that allow humans to cooperate and resolve conflicts based on sets of rules, rather than resorting to physical force. Clearly, there are huge advantages to cracking the code for figuring out how to cooperate civilly with each other rather than resolving everything with physical force. Bitcoin is the next major advance in civil technology for exponentially better cooperation. All other civil systems that have been built so far in order to help humans cooperate suffer from the same major flaw - the rules and the enforcement of the rules are physically separate. It's just a piece of paper that won't stop a bad guy from breaking the rule. For example, in the case of physical property, it is always possible for a thief to kill and steal the property. A police force is then retroactively tasked with resolving the injustice. The rules of civil property rights and the enforcement of those rights are physically separate. But with Bitcoin, a thief can kill and still not have access to the digital property, to the bitcoin. The rules of bitcoin rights and the enforcement of bitcoin rights are inseparable. Bitcoin is a set of rules that a bad guy *can't* break. Yes, a police force will still be dispatched to catch the murderer, but bitcoin opens the door to making theft impossible, which removes a major incentive for violence. Great, you killed the dude, now what? You get nothing. You would have gotten more by cooperating. Now you are a fugitive. Bitcoin is an amazing civil technology that not only creates a fair set of rules by which people can cooperate, but it also enforces the rules with astonishing power and efficiency - far more efficient than any police or military could ever hope to enforce any other set of rules. Bitcoin creates the reality where anyone in the world, from the poorest to the richest, can literally hold and enforce their own property rights in their head, without guns, police, or armies. Bitcoin builds the reality of enforced property rights into the human brain. Crazy! I suspect society changes in amazing ways as the implications of this ripple out.

Bitcoin is the discovery of digital scarcity. Now, for the first time ever, hoarding wealth makes the world richer rather than poorer. Savers who hoard Bitcoin drive up the price of Bitcoin, making everyone who uses Bitcoin richer. Savers who hoard real estate, drive up the prices of homes, making everyone who needs a home poorer. Before Bitcoin it wasn't possible to hoard your wealth in a digital token that was useless outside of the ledger. This meant hoarding wealth always inflicted artificial scarcity of useful stuff onto the rest of the world. We need money to be scarce. We need stuff to be abundant. Bitcoin is the answer.

"Socialism" and "communism" are misleading terme. From now on I think I'll use "bureaucratic society" instead.

Do not try and rend the debt ceiling - that's impossible. Only try to realize the truth. What truth? There is no debt ceiling. https://image.nostr.build/4695ae920b47a884dec1b99ae7adfb3b5c47c2c88dd75165d743ee0ca5feb65c.jpg#m=image%2Fjpeg&dim=1080x1258&blurhash=%7BFQJcg_MWXRP.7Dj-%3AIB%7EVD*R%2CxaIo%25LM%7BozRiE1-%3BV%40WXxuIU%25L9G-%3BRjM%7B%25fIUxuRj.7IUM%7B%25LIVxtt7RjDjt7xuRjt6ayWBof-%3BV%40IVbIjsjtt7ofbHRQt7tRRPofoyRjR-t6aeNGt6ayayoe&x=cd98258fe0fe30f5e81ab13054c206601f8bce358282513285d2690b03b7e5c3

Fearing bitcoin is like fearing electricity. Bitcoin isn't a business, or stock, or investment. Bitcoin is a tool. It's a free and open-source protocol that anyone in the world can choose to use as a way to save and transfer value. Money is a ledger. Bitcoin is a perfect, unstoppable, incorruptible ledger. This cartoon from 1889 captures the social anxiety around a new encroaching technology. The truth was that humans would use electricity to build a better world. Humans will use Bitcoin to build a better world.

If you long to build a better world, ask not what Bitcoin can do for you, but ask what you can do for Bitcoin.

Bitcoin is the American dream embodied in a computer social contract enforced by weapons grade cryptography.

In 2043, 1 sat will have about the same purchasing power as $1 in 2023. Today, total global wealth is $900T. Assuming 5% compound growth, total global wealth in 2043 will be ~$1.8 quadrillion. Assuming 3M btc lost, we're left with a total of 1.8 quadrillion sats. 1 sat=$1

"Bitcoin introduces incentives to a space where they were sorely lacking, and hence can likely form a robust base for near-enough every internet-based distributed system to be built from this point forward." -Bitcoin is Venice I'd love a home server that I can plug Bitcoin lightning blades, storage blades, and graphics blades into, all running on secure data transfer protocols leveraging Bitcoin conservation of energy in cyberspace. Maybe Michael Saylor and Microstrategy use their substantial engineering skills and balance sheet to expand their business to offer distributed internet solutions, both hardware and software.🤞

Bitcoin isn't an investment opportunity, but a financial inevitably. Savings that is not in Bitcoin will be diluted. Transactions that are not in Bitcoin will be censored. Commerce that is not in Bitcoin will be manipulated. Every person on earth has multiple problems that Bitcoin solves. All sttempts to use any other form of money will lead to pain, thus the world will increasingly choose Bitcoin as money.

Bitcoin is not a Ponzi scheme, the dollar is. Bitcoin requires no new debt or suckers to persist. It just keeps on working enforcing the rules of the protocol for anyone who chooses to use it. The dollar on the other hand must borrow from future generations to try to keep the scheme going. Without constant injections of new debt, the dollar system collapses. If you couldn't tell, I've had enough of systematized theft. I am not going to stop talking about how Bitcoin fixes this. Not because it's a good "investment opportunity" but because it literally ends a system of financial slavery.