I went through the same exercise of comparing gold to bitcoin and came up with the same conclusion. This means if gold is fairly priced, bitcoin is severely under priced. https://primal.net/e/

Good news everybody!

You realize that people have weddings for their guests and not themselves. Then you get all of your money back and buy bitcoin and elope. You will have just as much love as you would have with a wedding, but you also have way more Bitcoin.

He’s saying punish the bankers that break the law and hurt their depositors and the tax payers. He’s being dramatic about it, but he’s saying punish people for committing crimes.

This is kind of a funny Trojan Horse in a different way 🤣 Get the name into the zeitgeist via fashion to backdoor Bitcoin into people’s minds.

I think in the future, #Strategy will effectively set the floor rate at which we can borrow against #Bitcoin. Why would the borrow rate ever be lower than the yield on #STRC? If I could borrow dollars against my #BTC at 5% and make 11% on STRC I would borrow as much as I could. If I can put my dollars into STRC at 11%, why would I ever lend them to BTC collateralized borrowers at 5%?

Let’s say 90% of gold’s value stems from its monetary premium, not its utility (for jewelry, electronics, etc). As such, it is primarily the properties of gold as money that dictate this value. Gold is durable and scarce. It is not salable (where can you buy things with it?), it is not divisible (in practical terms for users), it is not portable (who wants to carry around their gold that they can’t even spend?), it is not uniform in a practical sense (we don’t all use gold coins or certificates that are the same), it is not verifiable (for obvious reasons), it is not accessible (how many people around the world can reasonably use gold day to day?). So if durability and scarcity alone drive 90% of gold’s value, then those same properties, plus all of the others that Bitcoin truly has, implies the inherent value of Bitcoin is significantly higher than that of gold.

It’s an interesting comparison. I bet if you look at productivity by citizen, innovation, gdp, etc. the US would come on top. The US seems a country of workaholics that invent, innovate, eat crappy food and recklessly spend 🤣

Just some perspective. Phone is way safer than any PC. How many phone viruses and hacks have you heard of vs. Windows viruses and hacks?

That is the interest rate that people are willing to lend at. It isn’t some random number. That is the market rate for taking a loan. Strike doesn’t decide it, people lending their fiat decide it, and the people who want to borrow have to decide if they are willing to pay that. Why is this so hard for people to understand?

“People who use fiat currency, we call them poor.”

I wonder if the Patriot Act will be a victim of the Fourth Turning and the next turning will bring a rebirth of privacy and individual sovereignty. Freedom from the algorithms that steer our lives.

“I am not an advocate for frequent changes in laws and Constitutions. But laws and institutions must go hand in hand with the progress of the human mind. As that becomes more developed, more enlightened, as new discoveries are made, new truths discovered and manners and opinions change, with the change of circumstances, institutions must advance also to keep pace with the times.” Thomas Jefferson