Why allow ourselves to be in a system where such a small group of people can inflate the money supply we're forced to use and accept the resulting inflation? They don't ask permission and don't tell us how much they print. Self custody Bitcoin is the only rational measuring stick!
Using fiat currency as the denominator to measure economic activity, free markets don't exist. Instead the money printer picks the winners and the losers. We can't let fiat economics be conflated with the finite nature of bitcoin. It's fiat price is an attack vector until it's ∞. #ChangeTheUOA to BTC!
What most believe is BTC is not scarce. In fact everyone could own as many "bitcoin" as they want if they keep it on exchanges since exchanges IOUs aren't BTC until they're in self custody. Its scarcity is irrelevant until enough understand the only #btc is self custody. #nyknb
If the way we assess bitcoin's value is by how much fiat currency it's worth, then those who control the value of fiat currency will control the value of bitcoin. These are the same folks BTC is designed to usurp! It's time to think different. ∞$/21 MM ₿ ≠ $
#ChangeTheUOA
#BTC_PSA : As long as #bitcoin has a fiat price the money printers are in charge.
Don't trade bitcoin for fiat, trade fiat for self custody Bitcoin until we separate state and currency and get our country and our world free from the fiat war machine! #SelfCustodialBitcoin #nyknb
Today all markets are mispriced as they're denominated and dominated in $ ( fiat currency) who pulls all the strings. #Bitcoin poses a direct challenge to this system of control and once it's been defeated we can and will have truly free markets denominated in self custody #btc as the UoA and a government for and by the people again.
As long as folks are willing to price #bitcoin with fiat currency, the money printers will dictate that price and we'll continue to be enslaved by them and unable to achieve separating state and currency. DCAing #btc into self custody regardless of the $ price is our only hope.✌️
So many supposed bitcoiners advocating for #TARDFI such these BTC ETFs and other companies who are marketing themselves as Bitcoin Treasury companies! It's not only super disappointing but at times completely overwhelming! You look at X and you see how pervasive the attempts to frame the narrative that #tradfi = #bitcoin... Especially MSTR, the ETFs and now these bitcoin treasury companies. What a bunch of 💩! It blows my mind because only a few out of the hundreds of these companies even publicly post their L1 #bitcoin addresses like Bitwise, Metaplanet and maybe a few others!
And not to mention that while posting their L1 addresses is certainly better than not, this still in no way makes shares in these companies #bitcoin whatsoever. There's no way to confirm the amount of shares independently, no way (that I'm aware of) to take custody of the actual shares in these firms, and no way as an individual to redeem these shares for the supposed BTC they claim to hold, and these firms are storing their #bitcoin with the same #tradfi sponsored centralized exchanges who have an obligation to do their best to subvert btc to the dollar by using all the historically effective tactics available to them such as commingling and rehypothecating them. Not only all that, but then there's the whole counterparty risk aspect too!
To me Bitcoin is and always has been a revolution to surmount fiat and #tradfi, not to compliment it! And while I know I'm likely preaching to the choir here, but self custody #Bitcoin is the only option for people that are not only seeking their freedom, but the freedom of all from the fiat currency printers who have captured and now control all of our governments.
Ultimately there's self custody #bitcoin, and everything else is a form of fiat. Fortunately we can collectively change everything as long as enough understand how and why to DCA #bitcoin into self custody regardless of the fiat price. Chose wisely, chose freedom, choose self custody #btc and chose to be free!
IMO 🇺🇸 will be forced to use the $ as an L2 for #Bitcoin by backing each dollar with a certain amount of Satoshis that are fully redeemable on demand. They won't want to, but must to avoid WW3. This will force the entire world onto a #btc standard and separate state & currency.
As long as we ascribe any value to fiat currencies, they will dominate regardless of the $ price of #bitcoin as they will print ∞ units to rule the citizens of all nations. We must DCA #btc into self custody consistently to be truly free until there is no longer a fiat price!