The liquidation engine was angry that day, my friends - like an old man trying to send back soup in a deli.
#Bitcoin
#BTC
∞/21M · Less Government · More Freedom
The Dutch Central Bank today revealed it spent months executing an operation to move $15 billion including 200,000 kg of bars and coins, requiring police and military support.
This would have been 10 minutes+$3.02 on the
#Bitcoin
Standard.
#GovEfficiency
What happened with GoFundMe/truckers will occur at all levels of society once CBDCs are functional: Money will not only be debased but also automatically frozen & taken from you when used in ways the overlords disapprove.
#Bitcoin
is the only known insurance against that threat.
This is the first time in history the common man can still front-run trillionaires; But make no mistake, the window of great opportunity might start closing soon.
#Bitcoin
BREAKINGISH: The EU scrapped the PoW ban proposal following backlash. Paragraph 61 (9c) was crossed from the Markets in crypto-assets regulation (MICA)
We got 'em lads. 💪
#bitcoin
#btc
#POS
💩
Warren Buffett and Charlie Munger criticize
#Bitcoin
because they want Berkshire Hathaway to build natgas peaker plants in Texas, but Bitcoin mining’s grid stabilization is more cost effective than natgas peaker plants.
Guess which side the environmentalists are on!
"Each citizen now has a choice. You can stay on the Fiat standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the
#Bitcoin
standard, in which no one gets to do that, including you." - Ross L. Stevens
Senator
@CynthiaMLummis
defending
#bitcoin
mining energy use in Congressional hearing today:
- "So it's basically just a computer?"
- "Yes"
- "Is that computer directly emitting pollutants?"
- "No"
- "Is it Congress's role to say
#gold
is a more worthwhile use of energy than
🤣 Two great ways to react to the same Charlie Munger comments against
#Bitcoin
@Saylor
has the tact to tell someone to go to hell in such a way that they look forward to the trip.
@FossGregFoss
prefers being blunt when calling bullshit, as that is the way of the practical man.
MicroStrategy has acquired an additional 1,045
#bitcoin
for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023
@MicroStrategy
holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR
“In no period of human history, has paper money spontaneously emerged on the free market. The only sure way to bring paper notes into circulation was to impose them on the citizenry.
Historically, private coinage came first and only later did governments take over. It carries
Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.
The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient, argues
#TheECBBlog
Powerful highlights of
@LawrenceLepard
describing
#Bitcoin
to
#Gold
bugs, two years ago:
"This is a paradigm shift at the base layer of money. You need to take the time to understand Bitcoin, the biggest asymmetric bet in history, a CDS on the failure of sovereign currencies, as
Every single "innovative DeFi/Web3/altcoin project" mainnet showing how they are not 'boomercoin' and will surpass
#bitcoin
's 13-year 99.98% uptime.
👑
#BTC
#1
@EvaVlaar
Dutch Communist Republic.
Property rights and the free market are being thrown out the window, along with energy and food industries.
Keep voting for commie globalists until you're all back to the middle ages.
The WEF is not even hiding their tyrannical plans for Central Bank Digital Currencies anymore
"You can have expiry dates & the government can decide if money can be used to purchase some things but not others that it deems less desirable, and that is a very powerful use of CBDC"
Kid Mallers isn't taking any prisoners 🤣
"A load of garbage [..] Vitalik Buterin printed a lot of coins in his basement [..] been promising all sorts of crazy things that have never happened. [..] Ethereum is a tech play, a gamble [..] it's not a new reserve currency."
The
#1
shitcoin has now lost -60% of its value vs
#BTC
since its all time high in July 2017. ETH continues to lose value to
#Bitcoin
, decaying for 331 days now.
This is how most altcoins die: in slow agony with some dead-cat bounces, not Luna-like instacandles to zero.
It's been exactly 5 years today since Roger Ver had a mental breakdown because he didn't like that people were calling his centralization-prone scam coin "
#Bcash
" while he tried to sell it as
#Bitcoin
Time has not been kind to this pro-centralization altcoin...
1/
"You can't have a small group of people that control the protocol. [...] no material changes to the economics [...] it's an immaculate conception that was never reproduced:
#Bitcoin
is the only non-controversial decision."
-
@saylor
The SEC's position is very clear: every crypto asset other than Bitcoin is a security.
Brian states it multiple times.
Crypto in the U.S. is fully rekt.
Every time someone mentions Crypto while you were telling them about
#Bitcoin
, just point at this short
@Saylor
thread for unambiguous explanation. 🤣
1/3
April 5, 1933. The order required Americans to hand over any significant amount of gold to the Federal Reserve in exchange for dollars.
FDR then devalued those dollars to make it easier to repay the huge debt that had built up during the Great Depression.
The Executive Order
[Erratum]: Whoops. I totally tagged the wrong
@SECGov
there. Not that it would make any difference...
As long as we keep a spot
#bitcoin
ETF blocked, the market will be protected!
Scammers peddling unregulated securities daily are just a minor annoyance to
@GaryGensler
This clip by
@maxkeiser
shows in only 5 seconds what's been happening in markets for decades and will soon accelerate out of control.
Fiat printing-debasing-bailout fugazi cycle. 🔊
UK inflation out at 8.7% 🔥 (vs 8.2% expected). Bank of England's loose monetary policy (i.e. money counterfeiting) has been pure destruction.
This is the same central bank that bashed
#ElSalvador
🇸🇻 &
@nayibbukele
for adopting
#bitcoin
- a move that proved very successful 🤡🇬🇧
@DylanLeClair_
@guardian
If only something similar to this growing fiasco had been attempted before, so we would have learned from it. Oh well, gotta wing it, I guess. 🤷♂️
"When a wise man points at the moon, the idiot looks at his finger."
Explaining
#Bitcoin
isn't easy, but here's a great summary in only 15 minutes - which amazingly is as relevant today as when it was recorded 8+ years ago.
Matt
@Odell
reminding everyone that if you deal with scammy people as investors or sponsors, you're gonna have a bad time. 🤣
- [He has no shitcoinery sponsors anymore]
-"That's because all his sponsors went bankrupt"
@CNBC
Elon's take makes zero sense as anyone working from a laptop does not need to waste 2h/day (sometimes more) just to go put the laptop on a different table.
The reason
@elonmusk
pushes this is that Tesla's product benefits from lots of cars on the roads and lots of commuting. He
"Higher interest rates aren't gonna help. These guys are driving a clown car & bouncing it off these 2 guardrails, one is massive inflation, the other is massive deflation"
"They don't know what the f*ck they're doing!"
@LawrenceLepard
saying it the way it is 🤣
#bitcoin
#btc
Exactly 15 years ago this day in 2008, Lehman filed for bankruptcy, triggering a global financial crisis.
It turned out to be the the worst economic downturn since the great depression.
45 days after the collapse, Satoshi published the
#Bitcoin
whitepaper, bringing us freedom.
#Bitcoin
is not "an experiment" anymore. This is a live global settlement network that is working. Bitcoin does not need to be "fixed" 💯💪
@BitcoinPierre
@PrestonPysh
Hodlers of last resort have a long time horizon. If you have no discipline, ya get rekt. This is the hardest soundest money the world has ever seen! The current system is a burning platform.
#Bitcoin
is an apex predator built to survive; A black hole on the world's balance sheet
The
#Euro
🇪🇺 fiatshitcoin has now lost over 40% of its buying power since creation in 2000, and the debasement is accelerating.
The
@ecb
is a criminal cartel. No matter how harder you swim, they constantly pull you back in place.
They control the money supply, counterfeiting
Microstrategy is raising $500 million to buy more
#bitcoin
- stock sale filing [Bloomberg]
@saylor
wants all of it. I don't like that and shall therefore stack right now before he gets all of it.