*Information cascade: Proof-of-reserves by major states reframe solvency; BTC becomes the benchmark of credibility.* View quoted note →

*Once a critical threshold is reached, non-BTC settlement prices [worsen]. Fiat discretion becomes a tax on one’s own economy. The dominant strategy for all players is to adopt BTC.* View quoted note →

*War machine enabled: Without the constraint of settlement in hard money, wars scale beyond taxation; future generations inherit the bill.* View quoted note →

*With our fiat being debt the whole concept of borrowing and saving becomes quite fuzzy. Saving pieces of paper, or digital, that are a debt to an undefined person, is strange. Just like borrowing those pieces of paper, or digital, is strange. The whole concept is rather strange. Just because some law says those pieces of paper must be accepted to settle any debt.... How they pulled it off, and where able to keep the system alive for so long will be one for the history books* View quoted note →

*a subprime paper bitcoin sector📉is starting to emerge where choppy seas are making it hard for investors to have fun* View quoted note →

*Instead of dignifying the poor, [socialism] turns them into an instrument to legitimize state violence against the productive* View quoted note →

*Rothbard argues that socialism is the very negation of natural law. According to him, those who promote it do not seek justice but institutionalized plunder* View quoted note →

*Central planning, by suppressing the spontaneity of social order, also suffocates the virtues that sustain civilization: effort, frugality, honesty* View quoted note →

*Friedrich Hayek, in The Road to Serfdom, warned that socialism not only leads to political totalitarianism but also to the moral degeneration of the individual.* View quoted note →

*Socialism, according to Mises, is a rebellion against the natural inequality of talent, effort, and merit; it is a doctrine that attempts to impose by force an equality that human reality denies* View quoted note →

*Mises was one of the first to point out that socialism is not only a failed economic system, but also a manifestation of resentment* View quoted note →

Nice! *habits are the steering wheel of life. Master them, and life follows* View quoted note →

🤡 *it's actually a good idea to give banks and governments the ability to create more and more money, in order to build more trust within society.* View quoted note →

*Bitcoin is a tool for building a better world. But the world won’t be rebuilt with hope and memes alone. It will be rebuilt by high-agency people, running high-integrity businesses, on top of sound money using principles that have stood the test of time.* View quoted note →

*Spontaneous order beats central planning. Austrian economist and sound money advocate, Friedrich Hayek showed us that complex systems can self-regulate when incentives and feedback loops are clear* View quoted note →

*There is selling, but not enough to satisfy even a fraction of the reserve companies purchases* View quoted note →

*Bitcoin’s advantage is protocol sovereignty and grassroots coordination. The latter wins only if we actually build it. BlackRock thinks it’s building a moat. In reality, it’s setting up the next round of the social-layer war. And like last time, it’s the network with incorruptible rules and stubborn users that wins* View quoted note →

*the game isn’t just about buying coins, it’s about narrative control — pushing Bitcoin into a “safe commodity box” while financializing the layers above it* View quoted note →

*Blackrock is gearing up to tell the world what Bitcoin is and is not. We achieve NOTHING from this project if our money is allowed to remain untethered to Bitcoin as the base layer* View quoted note →

*The attack is to ossify #bitcoin as a pure commodity and store of value* View quoted note →