This guy goes ultra viral with amazing and truthful explainers of central banking (the best I have heard yet!), then proceeds to show intellectual laziness on Bitcoin. Now, what else is he wrong about? EVERY. SINGLE. TIME. image
MANY PEOPLE NEED MORE PATIENCE I 100% disagree with @jack on this. 99% of people don't understand their money is broken (and predatory), so pitching "a better money to exchange things" is futile and imho, currently, a waste of time. The clearest use case for Bitcoin is being a superior savings tool FIRST, as the loss of purchasing power is (slowly) becoming clear to more people. That is a way better and practical "pitch" for people to adopt Bitcoin. Just being a superior Store of Value (SoV) than gold will put us at an exchange rate of $1M per Bitcoin. But becoming bigger than gold TAKES TIME (Boomers dying and Millennials inheriting). If I don't want to save, store my value, in this better money, why would I want it as a reward in a value exchange? Let alone value things in Bitcoin? The sequence is: Store of Value > Medium of Exchange > Unit of Account. Yes, Bitcoin IS already superior -ideal- money, but most people do not understand that, yet. That takes time, and education, and not the discouragement of talking about how Bitcoin will fail. That will definitely put off people to learn about it. Just because you get it, does not mean the rest of the world SHOULD. Don't stop talking about Bitcoin and start educating others on MONEY. image
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Bitcoin’s price is down? Touch grass and chill. image
If a government “bans” something while at the same time talking about how useless the thing they are banning is, it signals the opposite to you. Very little people will take action on that though.
What are your top 3-5 rabbit holes you are currently in? Do you rotate? I rotate: 1. Bitcoin / Finance / Macro / Money 2. Consciousness / Psychedelics / Spirituality 3. Astrotheology / Hermetics / Gnosis 4. Ancient / lost civilizations
Imagine free currency competition in the US, where US treasury backed stablecoins can be launched by any company. At some points these issuers will want to differentiate. “Be a better money than all the alternatives.” And then they start backing their stablecoins with Bitcoin. And this exposes a direct competition between US treasuries and Bitcoin. (With the obvious winner). I think 2 more cycles before we are there. Patience.
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Bitcoin is the map, the territory, and the destination.
Pack it up guys, the normies figured out Bitcoin image