McG's avatar
McG
npub1eqhm...k6lz
#Bitcoin 🇨🇦 🌎
McG's avatar
McG 1 year ago
Getting thirsty out there. Only 4 MSTR's left on exchanges. image
McG's avatar
McG 1 year ago
What's The Problem? Best orange pilling video I have seen in a while. For an introductory video for someone trying to understand the value prop of Bitcoin, this is a great place to start, understanding the problem. this is my new favorite for sharing alongside @npub1a2cw...w83a 's Broken money video. depending on the person.
McG's avatar
McG 1 year ago
Was having lunch with some very successful nocoiners today. We are still very early. Bitcoin and AI is on their radar and they think everyone is crying wolf so they don’t feel like they NEED to take action yet. But they know that day is coming. Don’t think we will ever reach a point of hyperbitcoinzation in terms of sound money enlightenment to all but Bitcoin will just, in a sly round about way, entrench itself more and more through reinforcing incentives bottom up and top down.
McG's avatar
McG 1 year ago
When explaining bitcoin to people who are successful and don’t think they need Bitcoin my favourite thing to say is, “ your wealth is collapsing in Bitcoin terms”. I can see the pain in their souls and ego. It’s a beautiful thing.
McG's avatar
McG 1 year ago
@Jeff Booth blink twice if you are still advising.... we'll say... future Canadian political leaders. Manufacture, mine, produce, drill, attract businesses.. demand for CAD increases, relief valve Bitcoin so CAD currency stays relatively weaker than USD?
McG's avatar
McG 1 year ago
My lightning wallet is magic. I keep spending bitcoin, tipping bar tenders, b-day gifts etc but the fiat amount keeps going up?! I'm afraid to tell anyone, it's like a golden goose!
McG's avatar
McG 1 year ago
Resign with honour Trudeau image
McG's avatar
McG 1 year ago
@jack mallers are you thinking about thinking about bringing Strike to Canada? Trying to link a wallet on primal! Canada has produced a ton of bitcoiners and has one of the highest per capita bitcoin adoption in the world. Any thoughts or framework on Canada?
McG's avatar
McG 1 year ago
Should be some 🔥 books coming out this year. Bhatia and Lepard are close to releasing and hoping Booths second book later this year. Would be cool if people on nostr could somehow buy the books first. @npub1d3f4...r4xv @npub1qw6e...2v52 @Jeff Booth
McG's avatar
McG 1 year ago
Full disclosure, I love the cybertruck.. If I was still a fiat brain I would own one. But I realized if your car is a computer you don’t own it. It’s like holding a bitcoin ETF A bitcoiner hacked into Tesla and could control any Tesla in the world with the VIN# In a world of rapid change and progressing AI/AGI I want to have full control of my vehicle when I’m going 140 km/h on the highway.
McG's avatar
McG 1 year ago
Lots of noise and anticipation out there and for good reason but this pod with @Marty Bent & @npub1qw6e...2v52 was signal. Yes Bitcoin is eating into the traditional assets but the nature of the bid is changing.
McG's avatar
McG 1 year ago
If bitcoin is like a vacuum pulling more people in the larger it gets it will seem unethical to sell bitcoin for fiat weakening the pull to a better future. Selling some btc for consumption with fiat seems like leaving your brothers on the battlefield.
McG's avatar
McG 1 year ago
Have you ever ‘orange pilled’ someone who became more obsessed about bitcoin than you?
McG's avatar
McG 1 year ago
If Price follows hash rate then your stack size follows education. Proof of work happens first in both cases.
McG's avatar
McG 1 year ago
How I, a low IQ pleb, sees btc game theory playing out amongst Nation States: ⚡ Plebs meme bitcoin into the collection consciousnesses of political leaders around the world simultaneously bringing awareness of their own insolvency ⚡ US devalues currency, quasi YCC, lowers taxes, asset inflation, lowers debt/GDP for a period of time, places key tariffs to stimulate US production of goods & services, implements DOGE and tries to set the foundation for effectively unwinding the effects of 50 years of the Triffin Dilemma ⚡ Bitcoin reserve implemented, aggressive in speed and size. Global Bitcoin game theory unleashed. ⚡BRICS nations licking their chops and happy to give US a head start on stacking BTC because their economies are net producers and energy rich ⚡If the US changes the game to one that has a fair set of rules while over time unwinding the extractive USD hegemony they MUST turn the US back into a production powerhouse of goods, services, energy, AI, robotics, innovation etc. otherwise their BTC stack and position of global leader will become distributive to other nations. ⚡Circling back on the importance of DOGE. It's not about cutting the deficit IMO, it's more important to remove the bureaucracy and red tape to allow companies to build & compete on a global scale letting the free market flourish which will outcompete centrally planned ones like Russia & China. What are your thoughts? Let's flush out some ideas. @Jeff Booth @npub1a2cw...w83a @npub1tccn...e6fh
McG's avatar
McG 1 year ago
My pleb take on Saif and Saylor’s chat about yield on Bitcoin: Yield comes from prices falling against #Bitcoin. Said in another way, your purchasing power increasing is the yield not the # of units you have. Money is just information. Technology is deflationary and exponentially increasing with AI, robotics 3D printing autonomous driving etc and they are converging. Prices of goods and services are collapsing to their marginal cost of production (lines of code over time). Over time people borrowing will have to return at least the rate of deflation plus risk. If the rate of deflation is currently -5% and increasing it will make less and less sense to loan money into the future especially if your hurdle rate as a bitcoiner far exceeds what you can get in traditional lending markets. Risking your bitcoin which increases at say 50% per year to earn 5% doesn’t make much sense to me. @Jeff Booth ~agree?