Replies (47)
YES
Life is expensive…
Holding fiat is suicide
90%
Plus it's a handy thing to rub the doubters noses in
NGU HELPS SUPPORT THE MISSION
THATS WHY WE STAY HUMBLE
AND STACK SATS
Could you justify why do you think it is 90% do you have inside info or it’s your gut feeling? I’m just super curious, because I’m more on a 10% side of it happening.
BECAUSE IT DOES NOT REQUIRE TRUSTING POLITICIANS.
WE JUST HAVE TO ASSUME THEY ARE GREEDY WHICH IS THE EASIEST ASSUMPTION IN THE WORLD.
Number go up is critical for more adoption
life is, indeed, expensive 🫰
View quoted note →THE GOOD THING IS WE HAVE #BITCOIN BECAUSE WE CAN OPT OUT OF THIS B.S. SYSTEM. 💜🧡
Outta 10 - what the chances the BSR gets passed?
More chance Ross gets out or BSR?
👆🏼
Politicians want to win too
Anyone can win with Bitcoin
Downward volatility confirms people's misunderstandings of Bitcoin.
The upward volatility that then follows shocks them into capitulation and adoption.
Number go up is the measure of more addition
Plus price is a pretty good metric to follow the draining of all earth's financial wealth into bitcoin.
OK, we know it's gonna happen whatever, but you think I'm not going to want to watch!?
It really is odd when people say "stop focusing on NGU"
Like brother, NGU is the feature. We will make the world a better place because of NGU, as we will be in better financial position to do so. It matters.
NgU is not the game, but in many ways it is the scoreboard.
Seems fairly relevant that prices head lower and lower over the years while my loved ones suffer continuously because politicians and media have scared them away from BTC because it’s So VoLaTiLe!
Seems pretty volatile to me that my neighbors have had to sell houses because they can’t afford the historic increases in property tax. Tell me how this IS NOT taxing unrealized capital gains, already a policy for every dollar slave impudent enough to own a house.
Thanks
@ODELLTrue 👍🏻
ITS NOT IRRELEVANT.
IT'S ANTIFREEDOM.
BRINGING IN NGU NORMIES WITH THE CURRENT TRADEOFF SET UNDERMINES BITCOINS CENSORSHIP RESISTANCE.
BUT I HAVE IT ON GOOD AUTHORITY
THAT WE WILL COMPLAIN NO MATTER WHAT.
SO... PROBABLY NOTHING.
With every price increase, the bitcoin denominated value and so buying power of my fiat wage reduces to zero. Time to go full bulltard and just work for corn!
💯
It needs to go up with the number of sats you’ve been zapping 😂
PEOPLE YOU DO NOT LIKE BUYING BITCOIN DOES NOT UNDERMINE CENSORSHIP RESISTANCE.
THAT’S THE WHOLE POINT.
Respect
THE POINT IS COMMUNITY CONSENSUS.
THINKING THAT *WHO THE COMMUNITY CONSISTS OF* DOESN'T EFFECT THE FUNDAMENTALS IS SHORT-SIGHTED.
“You just want to pump your bags.”
So? Finally, we have an aligned incentive model!
That is true. And yet, I feel the community consensus of a global currency is inclusive of everyone and anyone who wishes to use the currency.
Is this having high standards or elitism?
Yeah, to say it’s not relevant is irrelevant
These CAPS 😂
Bitcoin price in USD is an indicator of Bitcoin adoption. I want both to go up. 🫡
the signaling that a price provides is fundamental in order for the market to coordinate. Thinking it is irrelevant is fucking retarded 😂
As long as the Bitcoin economy is connected to the fiat system - BTC to Fiat price is relevant.
In a Bitcoin only economy where an eg “always” costs 500 Sat, there the number of Sats in your wallet is more important than their value in fiat
It's just a fact that seeking Fiat NGU is retarded
There’s a smug sense of self importance coming from those who say things like, “why do you care so much about price action?”
They’re basically saying, “why do you enjoy your purchasing power going up?” Often times these same people will use the acronym HFSP (have fun staying poor).
So don’t enjoy your bags being pumped because that’s greedy but also you’re dumb and gonna be poor because you don’t adopt bitcoin! It’s like they forget that bitcoin appreciates in value… ya know… number go up…?
Anyways, I get the sentiment behind pretending price action isn’t a factor but it comes across as a whole lotta virtue signaling when people bitch about those who enjoy the NGU aspect of bitcoin.
I thought it was no privacy = no freedom, no freedom = no wealth.
#NoKYCorBust
It is when the M2 money supply can just double, and people think the value of their bitcoin doubled, when in fact the value hasn't changed, but their tax owed doubles when they choose to spend their bitcoin.
Yeah, this has always been a weird one for me. Anyone who says they don't care about price is either rich enough to genuinely not care, or lying.
no bro
the value doubled because people are waking up to the real value proposition of Bitcoin!
its a Trojan Horse that will eat the fiat system from within
the psychopaths who run the world will just fade into the sunset.
dont take the black pill hro
SBR isn't going to happen anyway so I suppose a further drop in price is inevitable.
Great note Fren 😊 and totally spot on as usual
Why does this weirdo keep yelling?
ODELL
THIS TIME LAST YEAR THE EDGE LORDS SAID THE ETFS WOULD BE IRRELEVANT.
ETFS LAUNCHED. PRICE WENT UP AS EXPECTED.
SAME THING HAPPENING RIGHT NOW WITH THE STRATEGIC BITCOIN RESERVE.
THERE IS A WEIRD MENTALITY AMONG SOME BITCOINERS THAT PRICE GOING UP IS IRRELEVANT.
ALL OF US HAVING MORE PURCHASING POWER IS INCREDIBLY HELPFUL. LIFE IS EXPENSIVE.
View quoted note →
I love the duality in Bitcoin in all of it’s characteristics.
Personally I preferred the bear market where NGU still meant Not Going Up and we could stack more Sats.
But NGU in a bull market is also nice, knowing you need to stack less Sats for the same stuff.
Someone is advising powerful governors to use this term ‘Strategic Reserve’ that was first introduced by Jason Lawery in his thesis Softwar.
This signals that even though they can’t understand bitcoin, there are intelligent people behind helping them making smart decisions.
Bitcoin’s price going up is good, but it should never be a reason not to buy it.
Buy bitcoin before them before it’s too late.
It’s bitcoin or nothing, for the honor of our ancestor’s sweat and resignations.
