Bitcoin or bust https://x.com/lynaldencontact/status/2064860339661865184

Feels like some ppl forgot why bitcoin even exists Sure, number go up is cool But the whole reason bitcoin exists in the first place Is not because of number go up Its becuase of number go down Im talking about fiat The evil that is dirty debasing manipulated fake money Yes thats right. Bitcoin is not the fake money Fiat is the fake money Green pieces of cotton, or more accurately, numbers on a screen created out of thin air by a government that promised to back them with real money and then ran a bigger rug pull than any crypto platform ever could Dollars backed by the FuLL fAitH aNd cREdiT of the US government When in reality that faith is nothing but broken promises and that credit is littered with implicit defaults the notes are redeemable for gold, until theyre not Youre allowed to hold the gold, until youre not Those dollars are worth a certain amount of gold, until theyre not Their value is diluted at a “reasonable” rate, until its not this is the reality fiat. This is the broken manipulated money system that drives up the cost of living, distorts price signals, and drives massive asset inflation and wealth inequality (forever) its dirty dog shit manipulated money that steals from you steals your time and energy and the value of your labor and destroys your future. It’s designed to enrich those already in power and steal the life force of everyone else. Printed money does not produce wealth it transfers wealth Thats why we’re here. Or at least, thats why bitcoin exists. Thats the origin story of un-debaseable, uninflatable, un-manipulatable money That and the power of permission-less-ness and censorship resistance i just wanted to remind some of you why we’re here . Yeah number go up is cool and all that But bitcoin is more than that the world needs bitcoin Becuase if bitcoin fails, then we’re left with fiat And I dont believe a fiat future is good for the world Here’s what a fiat future looks like It was 55 years ago in 1971 that the US officially “went off the gold standard” Again a very cute way of saying the “full faith and credit” is worth less than cat shit wrapped in dog shit I want to show you what another 55 years of the same broken manipulated money would look like CPI inflation since 1971 has averaged 3.9% per year A pretty far cry from the fed’s supposed 2% inflation target 2% inflation cuts the real value of your money in half in about 36 years 3.9% cuts it in half in about 18 years According to CPI , $100 in 1971 has retained about 12% of its purchasing power, Meaning today it buys you $12 worth of real goods and services But as we know, CPI is a manipulated joke A closer measure to the real inflation rate is the increase in the money supply That has grown from $600 billion in 1971 to almost $23 trillion today A 36X increase Or about 6.7% per year compounded If you measure the dollar’s debasement by that rate, $100 has retained less than $3 worth of purchasing power In another 55 years, at that same growth rate, US M2 will surpass $800 trillion. Trillion with a T. A Trillion is a thousand billion you know And that 100 dollars from 1971 will be worth less than 8 cents in real purchasing power terms What about the national debt? Many people think its already unsustainable at a whopping $39 trillion, with the annual interest expense over $1 trillion That debt has grown roughly 98 times since it was around $400 billion in 1971 So at that same growth rate of 8.7% per year, in another 55 years, it will surpass 3.8 quadrillion Thats 3,800 trillion Thats 3,800,000 billion And the interest expense on that debt would likely surpass 68 trillion dollars per year Most people would say Oh thats absurd. That’ll never happen Really? Do you think in 1971 they would have thoguth it realistic that the national debt would ever hit 39 trillion? Do you see any signs of it slowing down or reversing trend? On the contrary, its doing the opposite, its accelerating. even j pow admits the trajectory is unsustainable but even he cant do anything about it. becuase its like an anti-virtuous cycle. The more they borrow and print, they more they have to borrow and print How about housing? You think its unaffordable now The median home price has increase by average of 5+% per year since 1971. Its gone from $25000 to over $400000 And in another 55 years , the median home price in the US will be nearly $6.5 million (congrats if you own one i guess) Do you envision a world in which wages keep pace, and the average family can afford a 6.5 million dollar home? Or $550K / year college tuition Or a $625K new car? Me neither The numbers become completely absurd This is why we call it a fiat ponzi The system is so bloated and broken that it requires perpetual expansion to remain stable Perpetual expansion means perpetual debasement Dont give me this BS about it being economic growth Printing money is not the same as productivity In fact it actually inflates away the real gains of productivity “Oh but AI and robotics will drive so much productivity it will lead to abundance” Did you forget about the central bank’s 2% inflation target? (the one thats actually a 3.9% inflation track record) Its an oxymoron. Increased productivity is not allowed to drive prices down and lead to abundance. The producivity gains are inflated away and funneled to the top. By definition and by design. We only share in those productivity gains if our money is allowed to capture them in the form of increased purchasing power Increased purchasing power is the result of falling prices But prices are not allowed to fall. So the fiat future is a disaster Thats why bitcoin was created. Chancellor on brink of second bailout for banks. Someone in power always on brink of bailout for someone who’s not you. The true cost to be paid by your savings, your wages, your children The world needs permissionless, censorship-resistant, un-debaseable money that no man can print or control. This is why we have to win. Number go up is a nice side effect of winning But if we lose, number go up is a hollow victory Bitcoin is money. Everything else is dog shit Quit slacking and start stacking.

Never forget why Bitcoin was created https://x.com/thesatstack/status/2064008234718188015

It is absurd to think Bitcoin can ever hit $36M? I laid out the case for why it might not be as ridiculous as it seems... https://x.com/thesatstack/status/2054265365870621020

Tell me again about the virtues of 2% inflation https://x.com/hedgeye/status/2054620297861476677