In the prewar 1800’s there was an incessant desire for paper currency due to limitations in the divisibility and portability of gold and silver.
What the people were looking for was an instrument of exchange to escape from the limitations of barter. Especially on the frontier.
What the people got was shitcoins and fraud.
Bitcoin is not digital gold.
They’re holding taxable events over your head to prevent you from leaving their shitty slave currencies.
Short and long term cap gains aren’t 100%. Pay the exit fee.
Volatility is high enough that with the right tax lot tracking you’ll post enough nominal losses it doesn’t matter anyway.
Get paid in bitcoin. Save in bitcoin. Spend on credit and pay off every month. This is under-evangelized
Not enough people are taking advantage of the tools we have today to get on $0.
Where’d all the “burn the boats” guys go?
Everything I have read about money from the early republic era points to a landscape that I believe we will be entering into again soon. Many banks all issuing notes for circulation, people trading those notes at x/discount to face value due to some limiting factor, and all being promises for redemption in specie. The vast majority were never redeemed for one reason or another. Either the banks didn’t have the specie or they wouldn’t redeem because of some arbitrary rule they made up.
When the Visas, Mastercards, JP Morgan’s, Chase’s, BOA, etc etc are all issuing tokenized securities and stablecoins remember there is only one specie that matters, the divisibility problem has been solved, it’s already digital, it’s Bitcoin. Satoshi solved this problem before it existed in the digital landscape. The analog has already played out.
Last week my boss told me he started buying bitcoin 2-3 months ago, then asked if I’ve ever bought any.
I said “sir you pay me in bitcoin every week and didn’t even know it”
Which began a fun conversation
How ironic would it be if Zuck is spending his billions scalping AI researchers not to try and win the race to AGI but because he knows OpenAI will waste humanity in very short time, and the only way to stop it is to buy the researchers away.
Zuck the digital Batman.
Widespread adoption of bitcoin will always be hindered by those who yearn for cheap credit. Bankers, for all of history, have provided for that demand. It is an underlying fault in humanity’s temptation of greed. Human nature will not change. But for those who resist that temptation, bitcoin offers the ability to insulate their future self from the destructive consequences of their peers.
If you’re not being paid in Bitcoin you’re short Bitcoin
Can we slow this down plz.
This cult of Dionysus needs to die.
Has anybody shared Nostr reads or other Nostr long form content across different non Nostr platforms? How does that look? We need more good writers native on Nostr but most of their audiences are elsewhere.
Can confirm US Steel is going to use the tariff narrative as a means to increase the cost of their goods regardless of whether or not raw materials are impacted. Expecting 7% in April and a further 13% in the following 3 months.
Take this into account when the economists claim tariffs are the source of inflation.
1835, Monroe Michigan. A lack of small change was so acute that William Wells Brown was able to create paper money from nothing, and the community utilized it. Sufficiently premined for himself of course.
Divisibility problem of Specie in action.
Bitcoin fixes this.
Read:
“Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic” Joshua R. Greenberg
Shitcoins and Shinplasters
Make your sons pull weeds
It’s funny watching people “come to the realization” about our monetary system through discoveries by DOGE. As if bitcoiners haven’t been shouting this from the rooftops for years.
Also, I couldn’t buy bitcoin with my 401k if I wanted to (and I do). For the privilege of serving fees up to my financial overlords, and a promise from the government to not tax me until I take money out from it, I get to purchase all the indexes they made for me. And by doing so underwrite their books of business for 40+ years!
I think I’ll take my penalty and buy this dip.
I find it funny that a large portion of the investment class was not able to “buy” bitcoin with their money until the ETF was approved…
And they don’t see a problem with that.
