Replies (101)
Day three and Matt is tired of the patriarchy.
Thank god for Bitcoin. Who cares about that other shit?
I mean, if we had kamala it would be WW3, trump is just the cbdc. how else do we get mandibles.
Thank God America is fumbling the ball at the 3 yard line.
The rest of the world can crack on and be sovereign.
Alhumdulliah
HISTORICALLY THE US GOV BURNS MONERO THEY SEIZE.
It does indeed…
Bingo. Replace CBDC with P(rivate)BDC.
Stay humble and keep stacking sats. No one is gonna do it for you.
What's the point of burning it if Monero doesn't have a fixed amount compared to Bitcoin?
Naive take, IMO.
Money laundering tools are like cigarettes in a prison to government types.
AND without ever creating a base money supply of USD that could be criticized for inflating
Its a CBDC without getting rid of and credit inflation
Well played, banksters
Yeah
There is no difference between CBDC and USDC or tether. No stablecoin will resist the power of the USG for censorship “requests.”
If there’s a person/entity to pressure, it’s a CBDC.
God help us
Not one single mention of Bitcoin.
Whitney Webb said this last year
I guess we'll just need to wait until maybe Vance becomes president to get an actual SBR. Or better yet... maybe everybody (individual states included) just needs to stay humble and stack their own SBR and not wait for Trump or anybody else to do it for them.
Bait & switch is one of their oldest, tried & true crimes.
Sacks special🤦♂️. at least there's a nod to self-custody 'without persecution'
this
Smh 🤦🏾♂️
THIS IS ALWAYS THE WAY
This is accurate
It says keeping of seized assets … that’s bitcoin
There it is. 🫡
I'm guessing Elon will make X-USD part of the X everything app and may enable mobile transactions directly through Starlink mobile in unfriendly countries. (He should do it on lightning but not sure if he will)
Bet they don't allow people to issue USD stablecoins backed by assets of their own chosing i.e gold, silver, bitcoin. They restric the use of USD stablecoin in the US to those backed by US debt. Hope I'm wrong.
That's really old. Almost 3 years ago.
I believe some of the ownerships have changed since.
Vance?? He comes from the technocrats. He is the 2nd Gen of the PayPal mafia boys.
there's absolutely no reason to think government shitcoining results in a Bitcoin standard.
The whole premise depends on them valuing Bitcoin MORE than the ability to print money
which is absurd
good take 👍
Sovereigns will used Bitcoin
Serf and Subjects will use Crypto
Yes, but we know how this ends.
I just used him as a placeholder name. Put whoever you need to in there.
Ah. Well he in particularly is a no go, lol
Interesting if this starts to happen with more corporations and banks making their own tokens I can only assume the other shitcoins like XRP Cardano all that bullshit will be exposed even more as completely useless.
The most powerful government in the world legitimizing and promoting Bitcoin, and actively pushing forward policy which encourages its use, does bring us closer to a Bitcoin standard.
It brings us closer to "regulatory clarity" and capture of the network.
Bitcoin doesnt need any government to legitimize it. Their involvement will never result in a positive outcome.
unless someone's "positive outcome" means fiat gains of course.
If you don't think Bitcoin can survive a friendly government I'm not sure what you've been doing here. If you think Bitcoin can be captured by Trump making a shitcoin reserve you might as well sell it all right now.
the point is that its NOT a "friendly government."
and what I'm doing here is pointing out that fact to people who dont know any better.
I'm very confused what you think is going to happen here or how this deviates from anything we've been expecting this whole time.
Also, if you want a bitcoin standard you need the government on board……there are millions of people who do not have the wherewithal to think on their own. Unfortunately, they need to be told what is legitimate and what is worth something and they look towards their government, experts, and financial planners. I don’t know about you, but in all these years I’ve only been able to convince 6 people to hold bitcoin and one of them I sleep with and the others have been a result of me sleeping with the first. Mu hope is that once they do buy it, they eventually self custody, and then make some gains which maybe leads them to learn more and to further expand their understanding of what they hold.
oh it's completely expected.
including all you maxis rooting for government involvement as if it was a positive thing.
as if at some point,
they're going to care SO MUCH about the Bitcoin they hold
they'll willfully surrender the ability to actually print money.
something something Trojan Horse something 🙄
Upon further reflection, I’d ad if you want it accelerated then you need them. Eventually, we will get there, but it’d be nice to have it before I die 😂.
Bingo. The Bitcoin standard is not 8 billion self-custody lighting nodes and cashu mints. I wish it was, but it's not, and that's not our fault.
Take banks being able to hold Bitcoin as an example. Most people would love a Bitcoin savings account at their traditional bank. Is it captured Bitcoin? Yes. Is it a Bitcoin standard? Still yes.
If you think Bitcoin fails because of fractional reserve or scaling limits or mining regulations or bitcoin loans etc. etc. You haven't thought it all the way through. Dishonest people fail. Honest people win. That's the game Bitcoin presents and that's why it continues to win.
They can FAFO if they want, but allowing it into the financial system like this is a huge positive development.
It's not about them caring, it's about the people caring. They "lead" the people. No denying that.
If a Bank can legitimately hold Bitcoin and offer those services to customers, do you seriously not see how that is a huge win?
It blows my mind that the president of the US is even talking about any of this. Senators too. I don’t know how people can’t see that all of this means we are winning. Trumps trump. I think a lot of people weren’t around in the 80s and 90s.
the difference between you and I is
you think captured Bitcoin is a win.
it is the same bullshit.
I think a Bitcoin standard is a win. This is an economic fight.
My Bitcoin will not be captured but there are people who will use captured Bitcoin. Look at how many people use Coinbase and Binance. Now imagine the biggest banks in the worlf offer those services to customers. Now imagine Visa settles Bitcoin denominated payments.
The network will not be captured. It is the individuals which can be. But that is always their choice, and even captured individuals denominating wealth against Bitcoin is a massive win. In fact, it will promote more freedom over time. Watch it happen.
No surprise. They couldn't get in front of Bitcoin, so now they're attempting to accomplish their goals by harnessing it.
Stand strong plebs, no compromises on what Bitcoin is, how it's used, or the future it brings!
My dude is right
Why don't you vote for better money?
Maybe, just maybe they’ll use cashu 🙏
Doesn't work like that. Better money needs to be organic. Cannot be created by a politician. I can vote for politicians who will be more friendly to my better money though.
And yet you are describing two contradictory systems. One which relies on the permission of the state and the other which does not. Voting does nothing to secure bitcoin.
Great show
FED = privately owned bank
USDC = privately owned CBDC
Old Tactic = outsource unconstitutional
activity to a private entity
Wow it doesn't? I thought that was part of the white paper.
I'm not sure what is complicated about this. I use better money - Bitcoin. It exists like a force of nature. It doesn't need my vote. But I do also vote for politicians who will promote my better money.
UNTIL THE DISTRIBUTION OF BITCOIN TOPPLES THAT OF FIAT….AT THAT TIPPING POINT THIS BECOMES ALL ARE SOVEREIGN….WHICH MANY LIKE TO BELIEVE THEY ARE CURRENTLY LIVING ON/IN A BENEFICIAL FIAT STANDARD/SYSTEM , BUT WE ARE MOVING AWAY FROM THATFALSE NARRATIVETO OUR COLLECTIVE STORY AND ONTO/INTO THE BITCOIN STANDARD/SYSTEM…WHICH IS MORE CLOSELY ALIGNED WITH THE UNIVERSAL LAWS OF PHYSICS. ANYWAY - THAT WAS A LOT TO SAY A LITTLE :) AND HOPEFULLY IT MAKES A LITTLE SENSE
What happens when KYC is mandated on all transactions and a unrealized gains tax is levied relative to yearly returns?
Guillotines? Idk. You don't have any more of a plan then I do. At least I'm trying to support people who won't do that.
My point is white market bitcoin is no different than voting for better dollars. You have to be willing to use bitcoin without permission (black market) in order to gain it's main value prop (tax avoidance)
The better the tools become, and the more people who transact + mine, the less the risk of punishment becomes.
Yeah thought the platform when he announced it was a little sus. Onwards!
The privatization of the surveillance state continues, but still a massive positive no China level CBDC
How would we verify they're doing that? 🤔
We are over-reacting.
#Bitcoin will win.
The fiat gamblers need an off-ramp to their addiction. Give it to them - shitcoins.
HISTORY shows when the fiat system fails (US$ and Shitcoins are ALL fiat) the hardest money of the time wins (why Gold remained on top for so long - it was the hardest money until now).
Buy Bitcoin daily (NOT the ETFs!). Move to cold storage every few grand. HODL 10+ years. So simple, but not easy.
Also, shitcoins are very well developed worldwide on the US$ shitcoin. Bitcoin L2+ is not as well developed at the shitcoins in US$. So the crypto market is an onramp to Bitcoin. I'm not touching it with a 10 foot pole, but how many of us played with SOME shitcoins in some way before understanding Bitcoin fully? (Answer: most of us)
100%. All roads lead to #Bitcoin eventually.
History shows 100% of fiat fails given enough time.
All is good - progress made here MUCH faster than I ever dreamed.
I disagree with you here. Governments don’t need to legitimize Bitcoin. Bitcoin is legit because it works and they can’t stop it. Governments are not the ones that legitimized a gold or silver standard. Reality is what does these things. Government adapts to the world and tries to find the best way to take advantage of them. This is what history shows us.
I don’t think Bitcoin can be captured but it depends what you mean by captured.
But I do have to say that “friendly government” is an oxymoron. Government is evil by nature and cannot be friendly.
I’m not saying it’s not legitimate. I’m saying that millions of people can’t do their own research, think for themselves, and need to be told what is “legitimate”. The market will eventually will educate them, but If we want the adoption of btc to accelerate then these people are reliant on the information provided to them by the “experts”.
Is El Salvador Bitcoin friendly in your opinion? Genuine question.
People can be corrupted, people can be led astray, people can get rug pulled. Bitcoin itself cannot be. The old world will either get on the train or get run over. I'm not sure why people have been so hysterical recently.
Those people will now buy trump coin, wrapped Bitcoin, and eth because of the government.
Not really. The government took out an IMF loan recently and announced they are providing free electricity and water to 95% of the citizens. Where is that money coming from? They also are scaling back bitcoin stuff. Businesses are no longer required to accept bitcoin payments. Not sure which direction they are going but enslaving the citizens with an IMF loan is bad news. Idc if they’re stacking bitcoin. That Bitcoin does not belong to the people.
Maybe, but I think the same people who would’ve bought them before will. I don’t care about them. Small fry.
I’ll be very surprised if endowments, SWF, pension funds, and legitimate nation states buy meme coins.
I don’t care about them either but you mentioned above that the millions of people who can’t think for themselves need a government or group of “experts” to tell them to buy Bitcoin. But this same group is now telling them to buy shitcoins. So this is causing more harm to people and many will associate that harm with all of cryptocurrencies including bitcoin.
Their people are not inslaved and requiring Bitcoin to be accepted by businesses is big government. All I'm saying is that there is such thing as better and worse government.
The fucking president just launched a meme coin what do you mean 😂
So you view it as the lesser of two evils.
My view is that it is still evil. Would you rather live under Stalin or Mao? They’re both bad choices. I believe that the point of Bitcoin is to separate money from state. I think that’s what satoshi wanted to accomplish. I don’t think integrating it into the government is what he wanted. I also don’t think that it is clearly good for Bitcoin because backing the dollar with Bitcoin extends the life of fiat. Unless you only care about NGU which is also valid. That’s my opinion though, we don’t know what the future holds.
Would you rather live under Stalin or Washington? Much less of a straw man. Think on it.
I agree that the government is evil because it uses force to exploit people. But there isn't a reason it has to be that way. If Bitcoin is here to fix money and fix that relationship, it will be adopted by governments.
Bitcoin separated money and state in 2009, but only for people who use it. Supportive policies lead to more people using it. Very simple.
I didn’t see any news of large funds investing in it?
We are going to have to agree to disagree on this one 😂🤙
I would rather live under neither but obviously Washington didn’t have millions die under his rule. But if you’re implying that trump is anywhere close to what Washington was then we are probably never going to align on our views lol
So 100 years from now, you think the dollar will still exist and will be used at a large scale?
Yeah 😂😂
The same group? It’s the president, Donald Trump and his family. Sure, many gamblers will get wrecked, but I don’t see financial advisors, pension fund boards, the boards of large wealth funds, money managers advising their clients to buy trumps fucking meme coin. He will milk dumb people, like rich people have always done. It sucks, it’s immoral, and is absolutely unethical, but that has no effect on the mission and what has been accomplished. He’s one man. I care more about the others who will be integrating btc into every nook and cranny and making it such an integral part of the world’s financial underpinnings everyone in the world will have exposure to it, without even knowing.
Go back and read this whole thread. I'm not sure where you're getting my views from but nowhere did I say "Trump = George Washington" or "The dollar is here to stay".
Here are my points.
- evil is not black and white
- there is such thing as better and worse governments
- I would rather my government support and encourage use of my money rather than antagonize me and criminalize it
- Trump positioning the US "pro-crypto" brings us closer to a Bitcoin standard
I ideological align with you on a lot of stuff but I've been noticing recently just how out to lunch some libertarian takes have been. No serious person thinks we are all just going to wake up tomorrow in a beautiful free and capitalist world with no government and no taxes and no corrupt politicians. Progress towards that goal starts with understanding where we're currently at and working off of that. A few tiny steps in the right direction is a good thing.
We won’t just wake up in a world like that but we can take small actions to get there, you’re right about that. I just don’t think a Bitcoin reserve prolonging the life of the dollar is contributing to that end goal. It doesn’t really matter though because governments are going to do what they do.
Bitcoin will yet humble Trump.
I mean no one really expected politicians to keep any words they spoke or that this would be an easy win, did they? Come let me whisper my years of disillusionment with politics into your ears and let me impart the truth lol
View quoted note →CBDCs don’t accomplish goals. They fail because people reject them.
State run SBR! Make the 10th Amendment Great Again! The money printer is the way the Fed Government keeps the states from pushing for their 10th amendment powers.
MILLIONS OF PEOPLE ALREADY USE USD TOKENS.
UNLIKELY THEY WILL BE REJECTED AT SCALE ANY TIME SOON.
I tend to agree. I don’t think Lutnick, Bessent and Sachs understand Bitcoin enough to realize what they’re doing. They’re placing a depreciating currency directly next to an exit door to the hardest form of money that’s ever existed. My conclusion is they are either intentionally laying the groundwork for fiat’s demise, unintentionally doing so, or plan to introduce legislation that restricts the free movement from stablecoins into Bitcoin, likely through more punitive taxation.
I tend to think it’s the most former and that they are the accidental architects of fiat’s last, pathetic gasp of air.
The fact they’re all accumulating BTC reserves a small possibility of their intentionality.
there will be no rejection.
The only way to win is a better alternative and a fumble from the auhorities.
Under the definition section, just swap out “the central bank” with the words “a comercial bank” and you’ve pretty well nailed it….
That's interesting. I was thinking Sachs understand #Bitcoin but you make me wonder.
If Trump 'really' wants a strong USA manufacturing base, then the US$ GRC has to end. It's that simple. And US citizens will have to go back to work (60% of jobs today are unproductive and not needed). I mean 'real' productive work and innovation.
BUT - your post along with this podcast with Grant Williams has me wondering. I don't agree with a LOT of what Grant and his host say here - clearly neither understand Bitcoin but they do understand shitcoins.
Great follow up.
Apple Podcasts
The Grant Williams Podcast Ep. 90 - Demetri Kofinas FULL EPISODE
Podcast Episode · The Grant Williams Podcast · 02/04/2025 · 1h 35m
I’ve oscillated back towards believing they are skating to where the puck is going to be, rather than where it is. What they do with the taxes around USDT use on Lightning vs BTC use on Lightning will tell us how deeply they understand it.
If the tax laws are equivalent, then they’re either just kids playing with matches - or intentionally trying to burn the old system down.
If they let you spend freely with Lightning USDT but still tax BTC on Lightning, then they understand how much of a threat BTC is to the old system and are trying to keep fiat going as long as possible.
They try to implement “onshore” US digital dollars and “offshore” digital dollars.
The incentive will be to keep what’s clawed back into the US staying in the US.
