Since Michael Saylor started buying
#Bitcoin
, he's bought the equivalent of 23% of all the newly mined Bitcoin.
3 (FUCKING 3!) more MicroStrategies and there is NO MORE new supply!
One million seconds ago was about 11 days ago.
One billion seconds ago was 1988.
One trillion seconds ago was 30,000 BC.
Stolen from
@zerohedge
Printing trillions has consequences. It's not going to be pretty.
Buy
#Bitcoin
If you'd bought $10 of
#Bitcoin
every day for the last 5 years, you'd have spent $18,270
Today you would have $333,982 worth of
#Bitcoin
"It might make sense just to get some in case it catches on"
Reminder:
This is what Fidelity (who manage roughly $10 trillion) have to say about
#Bitcoin
"Tradition investors typically apply a technology investing framework to Bitcoin, leading to the conclusion Bitcoin as a first-mover technology will easily be supplanted by a...
If you want to tell me
#Bitcoin
is a scam, I'll happily debate you, but first, prove that:
- Your bank is solvent
- Your pension is fully funded
- Your country can service its debt
I'll wait.
If 21M people wanted
#Bitcoin
theoretically they could all have 1.
If everyone does, we could all have 0.00262500
If everyone does from what's left, we could all have 0.00018220.
18,220 sats.
Let that sink in.
...should consider Bitcoin first in order to understand digital assets, but that Bitcoin should be considered first and separate from all other digital assets that have come after it."
Signal > Noise
The average salary in Australia is about $70k
The national debt (per taxpayer) is about $172k
If everyone was taxed 100% of their salary, the debt bill still couldn't be paid.
Your currency will be devalued. They have to print.
#Bitcoin
"It's not
#Bitcoin
it's the technology behind Bitcoin"
They were my words. That's what I thought. That's what I told people in 2016.
I was wrong. I ate the humble pie and kept studying.
And you know what...the world didn't end because I admitted I was wrong.
...superior one or have lower returns. However, as we have argued here, Bitcoin's first technological breakthrough was not as a superior payment technology but as a superior form of money. As a monetary good, Bitcoin is unique. Therefore, not only do we believe investors...
"So, you mean to tell me that if I cashed in everything I've worked my entire life for, I couldn't even buy 1
#Bitcoin
?"
"That's pretty much it, yeah"
Everyone. Soon ™️
#Scarcity
There are 7.8 billion people playing musical chairs and there are only 21 million chairs (and the first 18,829,785 chairs are taken).
I'm sitting down. Are you?
#Bitcoin
@cryptotraveler
Seeing an 80ish year old lady walking her dog with a mask on, with not a person within 100m.
I'm furious with the people that have made her that afraid.
More than 2 years on, The Bullish Case for
#Bitcoin
is even more relevant than it was when
@real_vijay
wrote it.
Just had a re-read and it really is great. Do yourself a favour.
Take your total
#Bitcoin
holdings and divide it by 21 million.
The answer is the (fully diluted) fraction of the world that you own.
Learn to store it properly, and no one can ever take that away from you.
Neat, right?
What are the 3 most important things to understand in
#Bitcoin
?
1. Cold Storage
2. The Difficulty Adjustment
3. The 200 Week Moving Average
That's mine (today). What say you?
"The Commonwealth bank sent me a letter saying I can only purchase $10,000 worth of Bitcoin a week.
I have checked my calendar and 1984 is only 2 years away"
Message I just received from a nocoiner friend.
It's speeding up.
Picture from a UK chip shop in 1976.
Riddle me this...if you'd not bought the fish and chips, but rather, put the 21p in the bank and received interest for 47 years, would you have enough to buy the fish and chips today?
Normie
"What do mean there's only 7.56% left and no one is selling. I've arrived and I want some. How much?"
Bitcoiner
"I don't accept worthless paper. Give me the keys to the farm and we'll talk. Otherwise, the job queue is over there. Join it."
#soon
#bitcoin
is the technically superior asset class compared to the dollar, the euro, the peso, the bolivar, the stock index, the gold, the silver, the everything you can conceivably buy…
If you think an Emirate state couldn't drop a billion USD into
#Bitcoin
without blinking, you might want to consider that they did that to a couple of golfers.
I've been watching the US debt clock so I could see it go over $33 trillion (I know...I'm a loser)
But, I forgot for a couple of days and it's now $33,039,235,000,000.
Yes, that's right, I miss 2 days and they rack up $39 billion extra.
2 DAYS!
There are 900
#Bitcoin
mined per day.
So 90 billion
#Satoshis
Once 8 billion people realise they want them, that's 11.25 sats each.
Read that again. 11.25 SATS EACH.
That's USD 0.0033 worth.
Best bit is, in 359 days it's 5.625 sats.
Sometimes, all you can do is laugh.
To all those who speak truth to power, who've been mocked by friends and family but never taken a backwards step, and who still try to help...today is your day.
You are my people.
I'll leave the last word to Mark.
Remember the toilet roll crisis?
Now imagine supply lines couldn't be adjusted and 8 billion people have the shits.
Things are gonna get messy.
#Bitcoin
"A declining state has trouble building a bus lane, but it can still destroy someone's life"
3hrs 13mins into the Marty/Balaji marathon for that nugget.
Imagine if 93.18% of all fresh WATER that there will EVER be had been distributed, and you had none.
What would you do?
I'll you what you wouldn't do. You wouldn't assume that there will always be more water in the tap.
#Bitcoin