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Matthew J
MatthewJ@bitcoinveterans.org
npub1lxzw...fplf
Bitcoin Veteran.
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Matthew J 2 days ago
There is no "everything bubble" There is no "asset bubble" The currency units are inflating... more currency units are required to buy the same assets/everything.
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Matthew J 1 week ago
Anon, whats more important: Controlling the money, or controlling the people? I will go first. Controlling the money. Because you can control incentives, with money. The money can be used to control behavior/people..
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Matthew J 1 week ago
I just watched a debate between a bitcoiner (Fred Krueger) and a shitcoiner (Henrik Zeberg) Key Takeaways: Shitcoiners don't understand bitcoin is money, and currently the 10th largest currency in the world, or that it is backed by energy/Proof-of-work. The energy/Proof-of-work consensus bind bitcoin to reality. They don't understand the difference between bitcoin and shitcoins. Bitcoin is a currency that solves Triffin's dilemma. Shitcoins are technologies trying to expand the derivatives market/and further detach real asset from reality. Shitcoins are fiduciary media, bitcoin is money. Another Takeaway, is that shitcoiners/economist bro's, think there is an everything bubble... there is a USD currency bubble, which makes everything priced in that, take more currency units. As they print more dollars, it inflates prices in that broken denominator. Bitcoin and stonks are not the bubble, the US dollar is. Henrik also made a point that China is buying gold and not bitcoin. Historically, China's track record is not very good. They were buying silver, just before we went on the gold standard. And lastly, Henrik suggested that we were going to get a Lehman type crash, and bitcoin would drip 95%. If you dig a little deeper, I think that a pullback is possible... but 95% crash? I think a Lehman/Bear Sterns scenario is actually bullish for bitcoin. The banking troubles in 2023, led to bitcoin going up. Bitcoin is anti-fragile. It is not dependent on a bank. My second example refuting that would be that gold went on a run from 2004-2011. Gold etf's were approved in 2004, and it had some pullbacks, but continued going up in price through the Great Financial Crisis in 2008, while everything else dumped. Bitcoin etf's were approved in 2024. There is a possibility that bitcoin could continue up through the next crash in 2027, or whenever it is... while everything else dumps. Stay humble, stack sats. Bitcoin is not the hurdle rate, it is the money. The future reserve currency asset, that solves Triffin's dilemma.
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Matthew J 1 week ago
This is the bear market. This time is mild. In 2022, hashrate dropped from over 240 EH/s to around 125 EH/s. We now dropped from 1 Zettahash per second to 900 Exahash per second. 10% decline in hashrate vs 2022 where we dropped around 40%-50%
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Matthew J 1 week ago
Biggest reduction in liquidity in over 50 years... When they start printing. Bitcoin bull run will break all your models.
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Matthew J 3 weeks ago
The average cost to mine 1 ounce of gold is $1300-$1400. Current price is more than 3x that. Bitcoin costs more to mine than its currency fiat sales price. We are going much higher.
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Matthew J 3 weeks ago
Vanguards and banks opening up bitcoin extraction tools ("services") in January. Remember the etf's? Price dropped, before it ran. That is what is likely happening behind the scenes.
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Matthew J 3 weeks ago
Bitcoin should be seen as the ultimate measuring stick for value because it is the only form of money that is truly scarce, immutable, and outside any government or central bank’s control. Unlike fiat currencies that can be printed endlessly—silently stealing purchasing power through inflation—Bitcoin’s supply is capped forever at 21 million coins, with issuance slowing predictably until around 2140. Over 95% of all bitcoin that will ever exist, have already been mined. This hard limit makes it the closest thing humanity has to digital gold, but better: perfectly divisible, instantly verifiable, and borderless. When you price goods, services, or even other currencies in bitcoin (sats), you’re measuring them against something that cannot be manipulated or debased. Over time, as adoption grows and fiat continues to inflate, everything else trends toward zero when denominated in Bitcoin, while Bitcoin itself reveals the true, erosion-free value of your work, savings, and assets. In a world of endless money-printing, Bitcoin is the honest ruler—everything else is shrinking.
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Matthew J 3 weeks ago
Almost 1 million bitcoin has been pulled off from exchanges in the last 12 months image
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Matthew J 1 month ago
Cutting ties with big banks isn't enough. Cut ties with fiat nation state currency, and join the bitcoin revolution. Bitcoin is for sovereign individuals.
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Matthew J 1 month ago
The tradfi lies and manipulation roadmap: If your "vote harder" color is red: 1. Bitcoin is China coin. 2. Bitcoin has ties to Epstein. 3. We don't know who Satoshi is. If your "vote harder" color is blue: 1. Bitcoin is bad for the environment 2. Bitcoin wastes electricity 3. Bitcoin is a ponzi scheme If none of that worked... 1. Bitcoin crashed down 40%, it is highly volatile. 2. Self custody is dangerous, you might get hacked. As they fill the news feed with these narratives, they have stacked over 5% of the entire Bitcoin supply that will ever exist. They are also getting involved in bitcoin mining and pushing legislation. Stay focused. We haven't won. The battle is just beginning. Not your keys. Not your bitcoin. Stand up for your rights, or they are sure to be taken.