Replies (46)
The pro-dollar crowd think they can use Bitcoin to absorb the money printing under Trump.
They think they can benefit from Bitcoin which it’s possible they can.
But they don’t understand that they can’t tame the beast.
Let them believe the Dollar will be supported by backing it with Bitcoin. This is the sly round about way.
Can both be appreciated for the role they play during the transition? Could the transition even happen if one didn’t have the other?
I'm pro-Bitcoin, and pro-Dollar-Credit.
If someone wants to let me spend their dollars while I hold my sats, for 0% for 18-24 months...
Yeah I'm pro that...
How long do you think people can use Bitcoin as collateral to borrow things like the dollar to actually spend? How long can Saylor's playbook survive?
This is the way!
I’m guessing it can last about ten more years.
*Insert Trojan Horse meme here*
It's *a* way at the very least!
It's not financial advice, and your mileage may vary, but I've come to embrace fiat credit as a useful tool in times when when the market greatly undervalues absolute scarcity.
If you have a wagon pulled by horses you can use 2 horses to take you to your destination, so I'm not a fan of the analog, but I don't think anyone who is pro-bitcoin is pro $, it just so happens they're Americans and patriotic and believe a quick collapse of the US financial situation will lead to lots of death.
I personally think a quick collapse is optimal to avoid long term death, but some people don't think about the brown people we blow up overseas when they make these calculations.
You can’t make a racehorse (BTC) out of a donkey ($). Keep the racehorse, ditch the donkey….
💯 HERE FOR SEPARATING MONEY FROM THE STATE
ONLY ONE MOVE: OPT OUT, REFUSE TO USE THEIR MONEY
This is why I cannot understand why a Bitcoin Strategic Stockpile would in any way help the dollar. Let’s let the dollar die as gently as we can.
Bitcoin is a short on the dollar. Kill it.
In the end it can be only one.
I don"t know why anyone would buy US savings bonds from a government if the governmemt uses the proceeds to buy bitcoin.
Then again, I don't know why people buy US savings bonds now.
True, but i support the Saylor narrative that doesnt talk about replacing currency just adding a better capitol tool. I think its only natural when the world understands pristine capitol they will use it as money too.
"There can be only one". Highlander
Do you think Saylor, Trump, Elon etc. secretly want Bitcoin to win, don't get it, or are fiat compromised?
Another Bitcoin narrative that will come and go in due time….
Multiple monetary networks can, do, and will likely always exist at any given time. Being pro or against a monetary network is a strange stance to take either way, everyone just uses the money that best suits them in any given moment.
I think they are incentivized to believe a certain (misguided) framework.
Fist compromised
*fiat
If I could guess I would think the dollar will ultimately die, but there will be a transitional period when the dollar is boosted and backed by Bitcoin and used along side it for transactions before Bitcoin achieves total dominance.
The main downside that’s never discussed: there will be blood. The banking and ruler class that owns and benefits from the current fiat system will not give up that power without wars, camps, or both. They have given themselves authority to print money to pay sympathetic arms manufacturers and direct complicit media to cover. There is additional strong incentive for them to burn it down rather than give in easily: If they lose control and the curtain is pulled back, many will find themselves in court rooms at best.
Bitcoin gives hope to and buys time for zombie companies. Imagine what it can do for successful companies and individuals.
““The traditional advice would be, you do a transformational acquisition, you find that you need a merger partner. You’re dead in the water. Go find somebody to merge with,” Saylor said at the Lotte in September. “Bitcoin is the universal merger partner, right? The real appeal of digital capital is you can fix any company.””
CNBC
MicroStrategy rides 'red sweep' to 477% gain in 2024, topping almost all U.S. stocks
Of the 439,000 bitcoin that MicroStrategy owns, more than one-third have been purchased since Trump's election victory last month.
Good point
I don’t appreciate a slave coupon
What if that slave coupon was what showed people why a new system was necessary and led to the adoption of something better?
Yes. Before the internet, money was a “winner-takes-most” technology. After the internet, money became a “winner-takes-all” technology.
That is the same as saying, what if continually punching someone in the face is necessary and will lead to that someone appreciating being unharmed
It’s a dilemma. I want this transition to happen as soon as possible. But the faster it happens the more pain for those that haven’t yet made that transition.
For some reason, the verse…”the meek shall inherit the earth” comes to mind when thinking of early Bitcoiners adopters. Not that Bitcoiners are “meek” in a negative sense. Just my 2 sats.
Can’t the factors that led to good be appreciated? Is being grateful and thankful for everything’s role in life not a peaceful idea? Should you pray for your enemies?
No
Why don’t all actors in a play deserve appreciation? Is there an idea that sometimes evil can unintentionally eat itself and lead to good by going too far?
You can appreciate it all you want, I chose not to.
Part of the reality is that we need old dollar for some payments.
As long as we can’t pay with lightning everywhere…
How do you explain being bullish with MSTR then? Saylor has this position
~2030 not any longer
Question Jeff. Do you think it is viable to take my entire pay each month and convert to BTC. Then do all spending on a credit card with a zero interest period. Then each month convert the BTC to fiat to cover the monthly expenses. Rinse and repeat. Therefore effectively living on a bitcoin standard in a fiat world.
I can't use the new Strike feature as not in the USA.
"No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon (money)."
- Matthew 6:24 KJV
BONUS TIP, DONT PAY BACK THE DEBT AFTER 🤣
🫡
Ew dollars 🤢🤢🤢🤢🤢🤢🤢🤢
