"#Bitcoin is worthless because you can't use it at Chuck E Cheese... Chuck E Cheese tokens have more intrinsic value than Bitcoin."
What is wrong with Twitter folks?…
Luke Broyles
npub1pwz3...tdyp
#Bitcoin will save your energy.
#Truth will save your culture.
#Jesus will save your soul.
🧡
Banking stocks tanking like meme stocks.
Crypto banks and fiat banks… these losses are immense.
40% to 60% in a single day.
Already rumors for bailouts and bank runs…
Amazing how 24 hours changes everything.
“Risk happens fast.”
#Bitcoin may be volatile in USD right now…
But notice how there isn’t even a RUMOR of a bank run, bailout, or insolvency in #BTC .
Bitcoin is a bank without bankers that is designed to never need a bailout, yield, or a reset.
Many are scared right now, I am grateful for this.
People who predicted #Bitcoin:
Tesla, 1900
Ford, 1921
Fuller, 1967
Hellman & Diffie, 1976
Merkle, 1980
Chaum, 1983
Hayek, 1984
May, 1988
Zimmerman, 1991
Hughes & Gilmore, 1992
Stephenson, 1995
Back, 1997 @adam3us
Davidson, 1998
Rees-Mogg, 1998
Szabo, 1997 @NickSzabo4
Keiser, 1999
Friedman, 1999
Cohen, 2001
2004, Finney @halfin
Who am I missing?
Future thread… any insight or additional names appreciated
So far on Twitter I’ve been called:
“Sexist, sucker, scammer, grifter, transphobic, retarded, hater, shill, AI bot, fool, naive, ignorant, selfish, etc.”
I’m finding that most people like to engage intellectual disagreement with jargon.
I am also finding Nostr is much more pleasant.
Bitcoin is beautiful. 🧡
If we figure a $10,000,000 #Bitcoin as a ballpark…
Then today’s $25,000 is $0.0025 on the dollar before inflation.
Point is not the exact number... point is that it's well under 1 cent.
Real estate is not in a bubble.
Stocks are not in a bubble.
Gold is not in a bubble.
#Bitcoin is not a bubble.
The currency we price said assets in is the bubble.
When the currency bubble begins to unwind, we misdirect toward asset prices and excuse new stimulus to keep it up.
Do you think this is a reasonable conclusion?
A flood is coming to the neighborhood.
You're "diversified" in it with multiple houses.
Flood insurance trading at $0.0025 on the dollar.
The only way to buy this insurance, however, is to smash the dam with a hammer.
99% of the town owns zero insurance.
See the problem yet?
#Bitcoin
All it took for #Bitcoin to trade up to $69,000 USD was a couple million hardcore holders that refused to sell their 90% of supply.
What happens when there are 500 million hardcore holders that refuse to sell the next 9%?
What about the last 4.5 billion over the last 1%?
Food for thought.
Nostr is interesting.
Has a way to go, but everyone is so nice here and the zaps is such a neat feature. I like it so far
Happy Nostr-ing and happy zapping!
Governments will own #Bitcoin out of self interest, and mine it (or at least have regulations friendly to mining) out of self interest.
The government's self interest is its goal of survival.
It’s inevitable, in my view, that every government becomes a Bitcoin-acquisition state for the service of their citizens.
The entire reason we diversify is because we don’t have thermodynamically sound money.
The entire reason we breed large animals for transport is because we don’t have a mass transit system.
The entire reason we kill whales for oil is because we don’t have mechanical luminosity.
Facts:
There are 155,238 gallons of water on earth per satoshi.
There are 6,985,714 gallons of water in the solar system per satoshi.
There are 698,571,400,000,000 gallons of water in the solar system per #Bitcoin.
That's 1.06 billion olympic swimming pools per Bitcoin, or 10.6 pools per satoshi.
Currently, you can buy 0.00000001 gallons of water for one satoshi.
If you like it when I spit facts on Nostr (and not yet Twitter), feel free to spit me some sats. 😉🧡
Looking to dive into the “deep end” of Nostr.
What, what if #Bitcoin is not a symptom of the increasing speculation of an increasingly corrupted ledger?
What if Bitcoin is actually the solution & it’s doing exactly the opposite of what you would expect the world’s lowest risk asset to do?
Markets feel increasingly disconnected from reality because the ledger at which you price those assets in is increasingly detached with reality, math, and the law of conservation of energy.
The problem and disparity isn’t in the asset, it’s the currency.
Wake up.
#Bitcoin
Trying out Nostr… 😳👀
Message is the same:
#Bitcoin will save your energy.
#Truth will save your culture.
#Jesus will save your soul.
🧡