Michael Hollomon Jr.'s avatar
Michael Hollomon Jr.
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Author | Satoshi’s Gift: The Past, Present and Future of Bitcoin
Fun fact: when Nixon took us off the gold standard in 1971, M2 (broad money supply) was less than $700 billion. Since 2020, M2 has increased by over $7 trillion, more than $1 trillion per year, every year. Inflation is not rising prices. It’s falling purchasing power. There is a fix for this image
There are two kinds of Bitcoin adoption: 1. Symbolic adoption = legal tender headlines, political branding, Bitcoin-friendly laws. 2. Forced adoption = using Bitcoin because the fiat banking system or reserve structure is failing you. Iran is the best example of the second category. El Salvador-style symbolism gets headlines. But Iran-style forced usage is what actually matters. Iran already has the three conditions precedent to forced adoption: external sanctions pressure, devaluation of its national currency, and an immediate need for payment rails outside the dollar system. Iran’s crypto activity was already surging amid sanctions and currency devaluation, and now it’s demanding ships to pay Hormuz tolls in crypto or Chinese yuan. Iran is turning to Bitcoin, not because it loves Bitcoin, but because sanctions + wartime pressure are pushing it there. Gradually, then suddenly
I just discovered something new in the audiobook space: The Non-Fungible Book Club. @NFBCSocials is an audio-first, Web3-powered platform redefining audiobook ownership. Users can buy, collect, loan, and sell audiobooks just like physical books, eliminating subscriptions while earning rewards. It emphasizes direct creator support and rewards listeners, fostering a new, owner-centric model for book lovers. Key Features of the NFBC Platform: True Ownership & Resale: Utilizing Web3 technology, users truly own their digital audiobooks and can sell or lend them, mirroring physical book ownership. No Subscriptions: Purchase only what you want, allowing for a flexible, non-subscription-based listening experience. Web3 Incentives: Earn rewards, badges, and tokens for listening, creating a "pay-to-listen" model. Creator-Centric: Designed to support authors directly with each purchase made on the platform. Exclusive Access: Unlock specialized content and perks as you engage with the platform. This model focuses on the audiobook opportunity and addresses how authors can better understand ownership and royalties in the audiobook market. nfbclub.com/books/0xf5a8f7…
Michael Hollomon Jr.'s avatar
Unkle_Skunkle 0 months ago
Something is breaking in the global financial system. Most people can feel it. Almost no one can explain it. I spent years studying why, and then wrote a book about it. Here’s the core thesis in 10 points: 1. The dollar isn’t backed by anything—only trust in the very institutions that profit from its debasement; 2. That trust started cracking in 2014; 3. Sanctions weaponized the $USD-dominated financial system; 4. In 2022, the world saw that ‘sovereign’ reserves could be switched off by the U.S. at the press of a button; 5. That shattered all illusion of ‘neutral’ reserve assets; 6. Since then other nations have been quietly looking for alternatives to the U.S. dollar; 7. U.S. debt is now growing faster than its economy; 8. U.S. interest payments are already unsustainable, and becoming unmanageable; 9. The system won’t collapse overnight. It will erode—and then snap; 10. Bitcoin is the first truly credible alternative to this broken system. If you understand this, you’re early. If you don’t, you’re not ready for what’s coming. My book explains the full picture: 👉🏾 satoshisgift.store
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Unkle_Skunkle 1 month ago
Since Trump took office debt-to-GDP has grown from 121% to 131%. This means that debt is growing more than twice as fast as the economy. But the real danger is that interest costs are exploding faster than the economy. U.S. interest payments are now roughly $1T/year—about 3–3.5% of GDP. That’s where fiscal flexibility disappears and deficits accelerate. Still don’t have any bitcoin? It might make sense just to get some in case it catches on.
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Unkle_Skunkle 1 month ago
Me and my best buddy ready to sling some books! 📕
Michael Hollomon Jr.'s avatar
Unkle_Skunkle 1 month ago
Honored to be invited back to the @Robin Seyr podcast. It’s always very interesting talking Bitcoin with him!
Michael Hollomon Jr.'s avatar
Unkle_Skunkle 1 month ago
The only thing better than stacking fiat chips is immediately smashing them into Bitcoin at 2024 prices! image