Hedraios

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Hedraios
🛡️ hedraios@nostrplebs.com
npub1pt89...430z
#Bitcoin 🐇🕳️ ⚡️ [Keet.io] [Umbrel] [✝️ 📖]
It's a constant challenge for me to adjust out of fiat measuring and into Bitcoin measuring. It's like changing from imperial to metric, or being at the start of learning a new language. A paradigm shift. I try to think in descending Moscow time, not ascending dollars. But it's really hard. I have to untrain the brain. On that note... All the new "Bitcoin Treasury Companies" that popped up this cycle are fiat thinking, right? I mean, I understand Preston Pysh's analogy that they are a transmission; and Saylor's analogy that they are like a pump or refinery. But they do not of themselves provide individuals with custody of #Bitcoin in the end. If, say, the focused end goal for an individual is to own (have custody of; bearer asset only) sound money and exit fiat, then all these complex stock offerings and financial vehicles are really disposable, aren't they? Disposable = useful for a bit, but definitely meant to be discarded. Like a game of hot potato. "Hold it, but not too long..." They use Bitcoin price appreciation to offer fiat users more fiat...but that fiat must be eventually dumped for sound money if a guy is a Bitcoiner. So they are just a slow motion, long time frame, pump and dump? They are adjacent to #Bitcoin...but are filled with so much fiat conversations and terminology. shares and stakes durations and dividends rates and risks shareholders and CEOs options and regulations disclosures and capital drives investor interest and ATMs mNavs and Josh Manns I think I will just keep trying to get rid of fiat and get more of what Saylor really wants to get his hands on. What we all really need to get our hands on. Sound money. I don't want a leveragable derivative of sound money. I just want sound money. An ethical, accessible, non-jurisdictional, accurate, opt-in standard for measuring, preserving and exchanging value. #Bitcoin
There is risk in the banking system: "The Federal Reserve is a trusted party in all three senses of maker, man-ager, and mediator - it is the monetary trinity. The Fed makes the dollar. The Fed manages the funds of other banks. And the Fed ultimately serves as the central mediator for digital dollar transactions through services like Fed Wire. In sum, managers offer convenience and peace of mind. Mediators maintain financial plumbing. And makers enable economic stability and exchange through a common medium. Users of modern money trust these parties to do their jobs well. This is a tradeoff and involves risk. As cypher-punk Nick Szabo says, trusted parties are "security holes." Managers sometimes fail, leaving their customers with pennies on the dollar. Mediators sometimes block lawful commerce. Makers also make mistakes. They might print too much money and, as inflation soars, put on the brakes too late. Then they might slam the brakes too hard and, as a recession looms, keep the brakes on for too long. Sometimes makers know which levels they'll pull and, as private citizens, execute a series of, let's say, well-timed trades in the stock market. This is insider trading, not with company stock, but with what company stocks trade against - a national currency. As a group, these trusted parties can and sometimes do imperil our financial privacy, our funds, our freedom to use them as we'd like, and their value. Some will judge that the benefits of trusted parties outweigh the risk. They might be right. It might also be true that we would benefit from having options without one or more of these trusted parties so that participating in the economy doesn't force us into a single set of tradeoffs." - Resistance Money #Bitcoin #Plebchain image