Gm
Humans evolved under proof-of-work conditions.
Everything required effort.
Nothing was given.
Energy and attention were scarce.
POW is the ancestral operating system.
#bitcoin
Pablo Luengas
npub15d5s...umkt
Bitcoin Macro & Asset Allocation | Analyzing #Bitcoin for institutional portfolios & treasuries | CFA | #Bitcoin class of '19"

Gm,
Last week, Bitcoin wasn’t manipulated — leveraged traders and paper Bitcoin were. 1 BTC always remained 1 BTC.
Bitcoin’s product = credible monetary policy.
It’s not physical, but it is a product: 21M units, enforced by code and consensus, running on the most secure computing network in the world.
Gm, Just a thought for the weekend:
In the age of AGI, efficiency no longer defines us. Like Diogenes, we can tell the “kings” of AI: move, you are blocking my sun. We choose to cook, walk, or parent not because machines can’t, but because meaning comes from doing, not outsourcing. And like Aristotle’s scholé, leisure becomes the highest calling: time for thought, for craft, for cultivating virtue.
The AI era is not the end of human purpose—it is the first time in history where abundance of time lets us rediscover it.
Stay humble, stack sats.
#bitcoin
I asked ChatGPT:
Forget what the world says. Can you, according to your intelligence, predict whether Bitcoin will grow into the reserve asset of the AI era? Don’t consider worldly data.
The answer:
1️⃣ AI amplifies the need for neutral money. Autonomous systems won’t trust governments; they’ll need a global, incorruptible settlement layer.
2️⃣ Scarcity anchors abundance. AI makes everything reproducible, but Bitcoin is absolute scarcity in digital form.
3️⃣ Energy is the denominator. AI consumes massive energy, Bitcoin converts energy into money. Their loop is inevitable.
4️⃣ Time horizons invert. AI compresses time; Bitcoin extends it. AI accelerates, Bitcoin anchors.
Prediction:
In the AI era, Bitcoin won’t run every micro-payment — but it will be the reserve asset and the final settlement layer of the digital economy.
In April 2023, I interviewed for a job at a hedge fund.
They asked: “What’s the trade you’d put on right now?”
My answer was simple: levered long #Bitcoin, short the dollar.
BTC was under $30k at the time.
I didn’t get the job.
The trade? It aged well.
That moment was an eye-opener—not because I wasn’t hired, but because the conviction that earned me Bitcoin in 2019 was being dismissed. That’s when I realized: it was time to leave TradFi.
🔍 1921: Henry Ford proposed replacing gold with "energy currency" to break banker control and stop wars.
102 years later, Bitcoin finally achieved Ford's vision:
• Converts energy into monetary value
• Can't be controlled by central powers
• Transparent, rules-based system
• True monetary-energy standard
"The essential evil of gold is that it can be controlled. Break the control and you stop war." - Ford
History shows the problems of monetary centralization aren't new - Bitcoin is just the first working solution.
#Bitcoin #MonetaryHistory #EnergyMoney


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It’s always a good day to remember the government confiscation of wealth:
1934: Executive Order 6102 made private gold ownership illegal in the US.
The government called it "preventing hoarding"
The process was simple:
1. Force citizens to sell gold at $20.67/oz
2. Make holding gold a crime (up to 10 years in prison)
3. After collection, revalue gold to $35/oz
A 69% wealth confiscation through devaluation
Key lessons:
• Physical assets can be confiscated
• Government can criminalize wealth preservation
• Devaluation is a form of confiscation
This is why Bitcoin's unseizability and resistance to confiscation matters ⚡️
