The hypocrisy in protesting a state's claim to your property, while miners liquidate the underlying value of your holdings.

"Nobody wants to be outside the system. They would much rather be inside the system, but they haven't been invited, and they probably won't. And many of them can't do the things that are necessary to be invited inside the system." What does he suggest, exit. Until Bitcoin gives you the tools and education these institutions are profiting on, the only response is to avoid it. Until you are invited, leave. View quoted note →

The irony, since all this decentralized finance began, is how significantly less productive people have become.

Watching the Bitcoin community discuss economic policy, among their reasons for buying a network locked asset, makes me fully appreciate the hard work of federal regulators and central bankers.

Store of value is the greatest resistance to any blockchain. A sign of inefficiency in the capital flow of the network. Those who can't redeem value get burned by validators until the most efficient path opens up. View quoted note →

You're not "opting out." You are opting in. Fees will turn your SATs into dust. View quoted note →

What is Bitcoin doing for protected class citizens? #asknostr These are people on life support, without any means of reciprocating value beyond their natural being. These are patients suffering dementia, organ failure, cancer, strokes, and traumatic brain injuries. A natural government simply pays the creditors with printed money; diluting expenses proportionally across the entire network.

Using Bitcoin as a "store of value" is the least efficient use case for a blockchain that demands capital efficiency. You are not escaping the fiat debt trap; you are joining the mathematical debt trap. View quoted note →