I need to make an effort to post on nostr more.

Goodbye Joe Biden 🦆 Hello Strategic #Bitcoin Reserve 🦅

And yet number goes up. #Bitcoin

The average laser-eyed #Bitcoin pleb has a better understanding of monetary policy and economics than most bankers and government officials.

Keep calm and HODL #Bitcoin. Everyone seems to be overreacting to the Samourai arrests, the FBI PSA, and Phoenix leaving the US. Here's my attempt to break it down. Samourai You have to unpack all of the different elements. Could this be a state attack on self-custody and privacy? Maybe. Probably not. There are a few components here that need to be evaluated on their own. 1⃣ Samourai was a self-custodial wallet 2⃣ Samourai was a mixer 3⃣ Samourai was providing normal people with privacy 4⃣ Samourai were knowingly marketing the service to criminals and flaunting that fact Reading the charges, it seems like #4 is pretty cut and dry for this case. Their getting arrested for #4, doesn't automatically mean #1, #2, #3 are under siege as well. If Samourai was a taco stand laundering money and bragging about it, I'm sure they would be taken down too. They may be accused of running a money transmitter now, but that may or may not stick. We'll find out in the trial. All that said, we should always be vigilant to attempts to erode privacy and the ability to self-custody. It just does not seem that this fight is *that* fight. FBI PSA Seems pretty normal that the FBI would advise people to use compliant services, and the entire announcement seems to revolve around potential disruptions due to Samourai being taken down, and potentially others in the future. Given they took action, they have to post some bulletin about it. Remember that when people lose funds or have funds stolen from them, they do go to the FBI for help. From their point of view, the best thing for people to do is use compliant services where they can potentially help. The announcement concludes saying that services that purposely break the law will be investigated - so again we go back to #4 above. This is nothing new, and self-custody is not being criminalized. Phoenix Leaving As @jack said, it's feels completely unnecessary. Phoenix obviously is not a MSB and they are not doing anything illegal. In my view, their exit from the US app stores is a complete overreaction. Keep Calm Could "they" come after wallets, developers, mixers, nodes, LSPs, sidechains, eCash, VPNs, encryption, etc? It's totally possible. But if you're not breaking the law, you have nothing to worry about. To my knowledge, there is still rule of law in the US, property rights are still protected, and privacy is enshrined in the Bill of Rights (@gladstein). It would be very difficult to change the law or stretch it to incriminate these things because it's all just information and software, which is speech. Some will try. But as they are trying, #Bitcoin is becoming more and more mainstream and integral to the world's financial system. #Bitcoin is freedom technology and it will continue on. Go outside this weekend and think about why you're here.

We were here to witness the 4th #Bitcoin halving.

The only thing preventing #Bitcoin from becoming corrupted fiat money is the ability for plebs to run their own nodes.

#Bitcoin is a threat to totalitarianism and communism, so be wary of politicians that say Bitcoin is a threat to “democracy.”

#Bitcoin is for future generations - generations that had once been enslaved with fiat debts not of their own, and before they were even born.

We should call inflation what it really is: fiat failure. 5% inflation? Thats 5% fiat failure.

Money is the Operating System of the world. #Bitcoin  gives us an OS that cannot be hacked.

#Bitcoin as a Medium of Exchange cannot be ignored. Without the ability to transact Bitcoin permissionlessly, it will end up captured and neutered like gold is.

You’d be a good Samson Mow! View quoted note →

There is absolutely nothing that any government or central bank can do about inflation at this point. We’ve passed the point of return for the legacy system. Only three paths exist now: 1️⃣ Hyperinflate 2️⃣ Default 3️⃣ Buy #Bitcoin

Borrowing without consent is stealing. Learn about #Bitcoin for the sake of your descendants.

Diminishing returns are for nocoiners. #Bitcoin

The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation. The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC. IBIT’s average stack is ˜$200M/day or 4.7k BTC. FBTC’s average stack is ˜$175M/day or 4.2k BTC. So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month. But more importantly, the IBIT/FBTC intake is ˜9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply. And this demand is just 2 ETFs. Don’t forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs. Plan accordingly.

No amount of selling is going to be able to keep up with #Bitcoin demand from plebs, corps, nation-states, and ETFs. That is the reality people must accept. Some are bearish now and seeking out bearish things irrationally. Be rational. Leave the emotions out and do the math

There are no diminishing returns when a step change takes place. Bitcoin is not a marginally better $ or gold. #Bitcoin is a 1000x improvement on any monetary technology devised in all human history. Diminishing returns is an irrelevant concept when the entire game has changed.

There’s a certain irony in Brian Armstrong trying so hard to change Bitcoin, promoting every fork, pushing Ethereum as a better Bitcoin, and listing so many shitcoins, but now his only job is providing custody to ETFs of the original #Bitcoin, the one which he saw as deficient.