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16 hours ago•••
Strategic Bitcoin Reserve.
Daddy State said he wouldn't sell the bitcoins obtained through extortion (and you're happy about that); By doing so, Daddy State legitimized the image of bitcoin in the eyes of the market (and you're happy about that); Daddy State also said that maybe, in the future, he could buy bitcoin by selling other properties (and you're happy about that).
You took the cookie that Daddy State promised you and now you're wagging your tail.
This is what you've become, dear bitcoiner: the pet of those who promised you the absolute nothing, mixed with the flavor of state extortion. I expect you to become his guard dogs as well.
We are not the same.
92 days ago•••
Gold Standard: over. Dollar Standard: declining phase Bitcoin Standard: emerging phase.
Bitcoin will be the next global monetary standard. Let's start denominating things accordingly. It is not 1 BTC = 100,000 USD. IT IS 1 USD = 1,000 SATS
The ultimate goal is not Store of Value; The ultimate goal is not Medium of Exchange; The ultimate goal is Unit of Fucking Account.
92 days ago•••
Bitcoin is closer to 200k than zero.
92 days ago•••
Happy 100k everyone 🧡
100 days ago•••
Bitcoin has no intrinsic value, experts are right. Too bad they forget how the financial system has proven time and again that intrinsic value provides no guarantee: rules of the game changing from month to month, privileges rewarding a few, debt choking families.
While central banks and governments play rewrite the rules to their advantage, Bitcoin remains firm: transparent, unchanging, accessible to all.
Experts tell us there is no value in any of this. Perhaps they are right, or perhaps their decline is already confirmation of what they fear most: Bitcoin's success.
The analysis in the new Bitcoin Train article.
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