Thread

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Good to see you on nostr ser 🫡

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Nice.

Awesome to see you back!

I shared this with my family and friends who are nocoiners on FB. I believe everyone on Nostr understands it already. The message is incredibly important for those who don't understand, thanks 🙏🏻

Welcome back 🤌

I started seeing an influx of all the “going down to x”. Clear signal that we are still far from top.

strf/ strk/ strd are making it somewhat possible to cashflow btc....=)

nostr:nevent1qqszu7dktqydpq3nvlcn2sl2f48a47rtqczjts8jplu886rjjymtepcppemhxue69uhkummn9ekx7mp0qgsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgrqsqqqqqp5x79qf

Would love to see Saylor list a product called “saif”… wait a second… that’s just Bitcoin nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qy28wumn8ghj7un9d3shjtnwdaehgu3wvfns2upjfw nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqjay3h5 nostr:nprofile1qqsg2zqd8wkhpnxu6lm5c2dyfa2mhpwte57apjae2ldp6g2mmwf3ypqpz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0zfag3g nostr:nprofile1qqsd0uazmzmhwseeym3rjhf3txyjapreapc6sq8yq8cy07cg45tlx2cprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyv8wumn8ghj7un9d3shjtnrw4e8yetwwshxv7tf9ufkk95f nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpramhxue69uhkummnw3ezuampd3kx2ar0veekzar0wd5xjtnrdaksz9rhwden5te0wfjkccte9ejxzmt4wvhxjmc4er830 nostr:nprofile1qqst0xtvrqlqxm0j0qpfgkuqh0wgkzl4judkvgdgd0e4d8pnyytlqlgpzpmhxue69uhkummnw3ezuamfdejszynhwden5te0danxvcmgv95kutnsw43q9fhxek nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u

I'm so jealous how you can articulate things so crystal clear. Thx.

#yestr 🫡

I'm always happy when I see a post from you on nostr!

$200T-$300T is super bearish. At the very least it’s half, $450T. If every transaction is half money, half not money. Add in all the glut and air pockets from leverage on debt, equities, and houses then you’re way over $450T.

We are beginning the transition between a debt based monetary system and a wealth based monetary system. Bitcoin represents digital financial capital better than anything our civilization has invented yet. So this is just the beginning. Bitcoin will replace the Treasury markets. Globally. So $450T is the low end.

That 900T number is 2023 dollars I believe. By the time we get to Bitcoin monetization total wealth measured in USD could be 9000T The only measurement is everything divided by 21 million. 0.10 Bitcoin purchasing power will be about 5 million USD(2025).

I get this gotcha basically every time I make a post about this. It’s not as useful as you think it is. I am obviously am aware of the fiat error term like everyone else here. Therefore, what matters is: what % of total global wealth will Bitcoin terminate at? Houses and equities will still have some value, just denominated in Bitcoin. 50% is rational answer. Also, at 50%, it’d also make sense to add a 2x multiplier to the Bitcoin *purchasing power* in today’s dollars because presumably, everything else will have dropped by about 50%. PS Jeff Booth is wrong that it’ll eat all $900T or, if you like, 100%.

I’ve run the maths and every time Saif posts on nostr, the bitcoin network grows stronger. It’s a very complex algo but it’s totally legit.

450 trillion ÷ 21 million = 21 million 🧐

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Just started principles of economics and the concept of marginal utility blew my mind. Great info 🫡

So what happens when all these old people stop buying bonds which fund governments which fund police and some young dudes come into their homes and ask for their bitcoin or else.

nostr:nevent1qqszu7dktqydpq3nvlcn2sl2f48a47rtqczjts8jplu886rjjymtepcppamhxue69uhkummnw3ezumt0d5pzqsmeua4l5a4gpwxmn6n4jggajzanueajyqhc3qxvfa0lugr9qcddqvzqqqqqqyqcpqtu

Awesome to see you're on Nostr. I should have assumed you'd be here already.

Without police to protect the "young dude" he'll face consequences or potentially even be prevented depending on how well those "old people" know their neighbours. I lived next to a 75 year old woman, if someone tried to rob her, even knowing that the police would arrest me and the courts would send me to prison. They wouldn't make it back outside. Their knees and elbows would be dislocated and they'd be laying on her kitchen floor screaming until another neighbour called the police to come and arrest me for defending her. I'm pretty sure without the police more people would take responsibility for defending themselves and their neighbours.

Exactly. People confuse being early with being right too soon. Bitcoin isn’t just another asset—it’s a zero-to-one moment for money itself. We’re not speculating on price; we’re front-running a global monetary reset. Buckle up

They use their gains to hire private security that is 100x cheaper and 100x more effective than buying bonds to fund genocidal pedophiles in the hope they'd protect you

🤣

🫳🎤

And when the private security demands all their corn for a year of protection because there is no one to stop them, what do they do in year 2…?

You should go to the gym so you are less pessimistic and more solution-oriented

If you actually care read chapter 12. https://mises.org/online-book/new-liberty-libertarian-manifesto/chapter-12-public-sector-iii-police-law-and-courts/police-protection

Bookmarked 🫡

Same

Welcome back 🧡🫂 always happy to see a post from you on the Nostr! 🤙😉

A saif take / saif bet nostr:nevent1qqszu7dktqydpq3nvlcn2sl2f48a47rtqczjts8jplu886rjjymtepcppamhxue69uhkummnw3ezumt0d5g9c0j8

Very informative.

Saif is back with style

“Paperbitcoinisation will save us all.” Cute. Like thinking a karaoke session saves opera. DWAR.

Get in, we’re getting in a Bitcoin standard 👨‍🚀🚀

Aren’t all the taxi drivers, barbers, and laborers of the non-western countries going to provide through USDT?

If I may add, progress slowed by political policy or government meddling doesn’t stop Bitcoin. FUD and volatility are features like filters, skimming the fat and building conviction. Delayed adoption is a reward to those with understanding and patience. Bitcoin doesn’t care about politics, religion, or status. It’s simply better money. When was the last time you could zap some apple stock or gold to anyone anywhere?

💯 you cannot be "too late" to Bitcoin. It's simply a choice of holding onto strong money vs. weak money, and thus, buying BTC will ALWAYS be the superior option to holding onto your government-issued, infinitely-printed monopoly money. nostr:nevent1qqszu7dktqydpq3nvlcn2sl2f48a47rtqczjts8jplu886rjjymtepcppamhxue69uhkummnw3ezumt0d5pzqsmeua4l5a4gpwxmn6n4jggajzanueajyqhc3qxvfa0lugr9qcddqvzqqqqqqyqcpqtu

100% Truth

Wooo you Back 🧡👏🏻

nostr:nevent1qqszu7dktqydpq3nvlcn2sl2f48a47rtqczjts8jplu886rjjymtepcpzpmhxue69uhkummnw3ezumt0d5hsygzr08nkh7nk4q9cmw02wkfprkgtk0n8kgszlzyqe384ll3qv5rp45psgqqqqqqsas3ydr

Totally agree 🤝🤠 Bitcoin's game barely begins.

Translated for your state and federal political seats to hear: Bitcoin as Digital Savings: A Case for Revised Taxation Policy Dear [Representative/Senator Name], I write to urge your reconsideration of how Bitcoin is taxed, particularly the treatment of Bitcoin transactions as taxable capital gains events. Current policy fundamentally mischaracterizes Bitcoin’s primary function and inadvertently penalizes constituents for protecting their savings from inflation. Bitcoin Functions as a Digital Savings Account: While some adopters initially approach Bitcoin as a speculative investment, those who truly understand Bitcoin are fleeing inflation. Bitcoin should be understood as a digital savings account rather than a speculative investment. When your constituents move money from a traditional savings account to Bitcoin, they are not seeking “gains” - they are seeking to preserve their purchasing power against monetary debasement. Even though some gains are generated from the adoption curve of more people buying Bitcoin, this is healthy because it encourages adoption of something that will be healthy for our families, healthy for our municipalities, and healthy for our nation. We want this adoption rewarded and encouraged. Inflation Protection: Traditional savings accounts lose purchasing power at roughly 3-8% annually due to inflation. Bitcoin serves as a digital safe harbor that maintains purchasing power over time, similar to how gold historically protected savings from currency debasement. Savings Preservation, Not Speculation: When a constituent exchanges inflating dollars for Bitcoin, although some are making an investment bet - all are taking an action to defend their savings. The dollar value increase merely reflects the dollar’s declining purchasing power, not true economic gains. Penalizing Prudent Savings: Current tax policy effectively penalizes citizens for protecting their life savings from inflation. This creates a perverse incentive where responsible savers are taxed for preserving their purchasing power while those who allow inflation to erode their savings face no tax consequences. How This Impacts Your Constituents Working Families: Middle-class families watching their savings lose value to inflation turn to Bitcoin as a digital savings vehicle. Current tax policy punishes them for this prudent financial decision. Retirees: Fixed-income retirees using Bitcoin to preserve their nest egg face complex tax reporting requirements and potential tax liability simply for maintaining their purchasing power. Small Business Owners: Entrepreneurs using Bitcoin as a business savings account face administrative burdens that discourage adoption of superior monetary technology. Everyday Transactions: Citizens cannot practically use Bitcoin for daily purchases when every transaction creates a potential taxable event, defeating its utility as functional money. Policy Framework for Constituent Service To best serve your constituents, I recommend legislation that recognizes Bitcoin’s monetary nature. Treat Bitcoin as Currency, Not Property: Reclassify Bitcoin transactions under currency exchange rules rather than capital gains, similar to how foreign currency transactions up to $1000 are exempt from reporting. Savings Account Exemption: Consider exempting Bitcoin held in personal accounts from capital gains treatment, recognizing its function as digital savings rather than investment speculation. De Minimis Threshold: Establish meaningful transaction thresholds below which Bitcoin transactions are not taxable events, enabling practical use as money. Inflation Adjustment: If gains treatment continues, adjust the basis for inflation to tax only real economic gains rather than nominal dollar increases caused by currency debasement. Competitive Advantage for State Innovation Leadership: States and districts that embrace sensible Bitcoin policy will attract the digital economy’s most innovative companies and highest-skilled workers. Economic Development: Clear, favorable Bitcoin regulations will position your constituency at the forefront of the digital monetary transition, creating jobs and economic opportunity. Constituent Wealth Preservation: Enabling your constituents to protect their savings through Bitcoin will help them maintain financial security in an inflationary environment. The Bottom Line Even your constituents that are seeking to “get rich” through Bitcoin - are taking actions to help them stay financially whole. You cannot stop federal debasement of the US Dollar, but you can help ensure that your constituents are encouraged to better weather that storm, regardless of which motivation led them to the strongest shelter. Remove capital gains taxation on Bitcoin, and you pave the path to a more sovereign constituency. Current tax policy punishes them for making responsible savings decisions and forces them to choose between preserving their purchasing power and avoiding complex tax complications. Legislation that treats Bitcoin as the digital savings account it offers will serve your constituents’ financial interests, promote American leadership in digital monetary technology, and align tax policy with economic reality. I urge you to champion legislation that stops penalizing prudent savers and recognizes Bitcoin for what it fundamentally is: a superior form of digital savings that protects working families from monetary debasement. Thank you for your consideration of this critical issue affecting your constituents’ financial wellbeing. Respectfully, [Your Name] [Your Title/Credentials] [Contact Information]

Sorry I didn’t intend to post a “gotcha” I don’t think Bitcoin will need to be “worth 450/900trillion $” at any point actually. Either fiat dies and we start measuring in something else, or the tyrannical government imposed slavery continues.

Ok yes so fiat dies. Everything denominated in Bitcoin. Bitcoin eats monetary premiums of gold, houses, and equities…what % of those things does it eat?

Saifedean always brings the 🔥 👏👏👏 nostr:nevent1qqszu7dktqydpq3nvlcn2sl2f48a47rtqczjts8jplu886rjjymtepcppamhxue69uhkummnw3ezumt0d5g9c0j8

Looking forward to reading it!

Thank you for an encouraging breakdown of where BTC is currently sitting compared to all the other commodities. This week I met a boomer, while out walking the dog. Didn't know him, friendly chat turned to world problems and crypto. The next day, 4 hours of intensive interrogation of how money works, why BTC etc, etc. End result, he's bringing 2 family members to talk to me. I have told him I'm not a finance advisor. I've never worked in a bank. And had no idea about how currency really worked under the hood, until covid lockdown happened . Two points - 1. Let whoever approaches you drive the conversation - he knew about exchanges to convert fiat, he has a cold wallet - doesn't know how to use it, and he knew something bad is coming, but couldn't put a finger on the specifics. 2. He's excited to know we have a crypto meetup. He wanted to pay me for my knowledge and time. The best reward he could give me is to secure a future for his children /grandchildren. One person at a time. It is people like you, who freely give your time and counsel to help us teach people out in the wild. I can't remember who said BTC is a religion. I get it now. Thank you for what you and many of your colleagues have done to help us board the BTC train.

Idk, the % would grow over time until the price of everything consumable is the marginal cost of production correct? In the perfect world…

Same thing you do if a shitty restaurant demanded a year's income to not poison you. You go to another restaurant. You hire another security firm. Obviously the honest security firm will be infinitely more efficient and powerful than the scammers trying to get by on theft

Also, don’t underestimate the largest wealth transfer in human history that has already started. Boomer kids punching in.

Fascinating read

Except the shitty restaurant has AK-47s pointing at you and has locked the doors. What might be obvious to everyone else is that the endlessly more efficient thing for an organised group with guns (cartel) to do would be to get a monopoly. And by the way you know you can already live in countries where cartels control things- Mexico or Somalia. Remind us where you live again? But if you can provide a single historical or current example of where the general population refers to their cartels as ‘honest security firms’ I’m all ears.

Only Two 10x Bitcoin Cycles Left The first? It’s happening now, as Bitcoin goes mainstream. Institutions are piling in through paper Bitcoin: ETFs, custodial products, derivatives. Wall Street wants exposure without the inconvenience of self custody. But this cycle is building something else too: complacency. The final 10x? That begins when Bitcoin gets native privacy. Suddenly, the paper Bitcoin becomes a relic of the surveillance era. Governments will try to limit access to private Bitcoin, branding it as dangerous or illicit. But people will rush for the exits, scrambling to swap their IOUs for real keys before the privacy fork splits the chain. Because when the fork happens, you’ll only get the useful Bitcoin if you actually hold your own. nostr:nevent1qqszu7dktqydpq3nvlcn2sl2f48a47rtqczjts8jplu886rjjymtepcppamhxue69uhkummnw3ezumt0d5pzqsmeua4l5a4gpwxmn6n4jggajzanueajyqhc3qxvfa0lugr9qcddqvzqqqqqqyqcpqtu

You sound like a gambler 😂

Me? Naaaw

Scarce money can hold infinite value. Infinite money can hold virtually no value. nostr:nevent1qvzqqqqqqypzqsmeua4l5a4gpwxmn6n4jggajzanueajyqhc3qxvfa0lugr9qcddqqszu7dktqydpq3nvlcn2sl2f48a47rtqczjts8jplu886rjjymtepchqw7x3

You forgot hype without evidence

And what if some countries decentralise power and others don’t?

‘Sure, even authoritarian states can use Bitcoin. But they can’t print it, inflate it, or freeze it. That makes it dangerous - not just to their enemies, but to their own control.’ This is a bug not a feature if the inability to centralise spending power means the population can’t fund a military and gets invaded.

Private security doesn’t exist in any meaningful way outside of a few failed countries like Somalia or Mexico. This is why Saif can’t reply to me. Because he knows that capitalism won’t work if there is no check on private violence. Bad actors don’t last because they have no way to coerce people to buy their goods or services like they would in a purely free market without a government-funded and enforced legal system. As I said, you wouldn’t be free to walk, or everyone would have left Mexico or Somalia…

You’re still somehow thinking that there will be this perfectly free market where one actor doesn’t gradually get more power and become a monopoly. Maybe you can give an example of where that has happened rather than just continually asserting that it will because Bitcoin. And your argument is also saying that we will get a choice because… we will have a single currency. In your bitcoin world, what if people want to opt out of bitcoin?

Better to wreck the economy than be invaded. Economies can be rebuilt much more easily than people

Seperate money and state. Who gives a fuck what your statist friends think. Please stop begging the cartel.

Agreed, separate money and state. My land and people are under laws drawn by my peers. I want laws that align with what’s best for the people. I want to influence that when possible.

Yup, #bitcoin is a monetary network. Buy bitcoin, you participate in the greatest, biggest global market ever devised... and of course, everyone else's monetary hopes and dreams 😃

So bitcoin removes the ability of the nation state to print (therefore to exist), yet somehow doesn’t remove the choice to hold stable reserve currencies? You could argue bitcoin has already removed our choice to do that.

History’s far more replete with nations that were invaded that weren’t able to print. Try crowdfunding a patriot battery when missiles are otw

Give me a single historical example of where a nation that had hard currency (there have been hundreds) defeated a nation that could print

11 questions 🧡 https://primal.net/e/nevent1qqs94mz0wc6rye5sxmt4gwx8trem5qz9xdag3ngrqwva4zutrltewpqu4zmm3

In other words, you want to force people to do things or else they will force you? As long as you're the one doing the forcing it will be fine? Why?

Nope. Not at all what I said. More like, if we’re to have laws made by the elected, they should be fair, in line with the social contract of our country and represent our goals as a country long term, therefore I choose to speak up.