Randall Stephens

MBA, trader, meat eater, music lover. Free markets. Voluntary association. Kind, not nice.

[Randall Stephens @074eth]

@SenSanders Why don’t you ever suggest that the government root out the trillions of waste fraud and abuse first? Why do you always jump straight to confiscation of people’s wealth?

[Randall Stephens @074eth]

@scottmelker So nice I listened twice. Exit.

[Taya Bass @travelingflying]

I just found out that my aunt, a lifelong Republican, voted for a Democrat in California.

This never would have happened if she were still alive.

[Randall Stephens @074eth]

@TheBabylonBee NEVER!

[Randall Stephens @074eth]

@TheBestqueenx Guessing Copacabana Beach based on the islands offshore and the balck and white small tile sidewalk.

[Randall Stephens @074eth]

@PeachProof23 Of course, how did you not?

[Randall Stephens @074eth]

@RepDeluzio No, the answer is to abolish income taxes on wages and to eliminate the trillions of waste fraud and abuse in the federal budget.

[Randall Stephens @074eth]

@BitcoinPierre How do you figure?

[Randall Stephens @074eth]

@JasonTrennert_ @StrategasRP Ah yes, the University of Figure It Out. I took a tour there.

[Randall Stephens @074eth]

@GovSherrillNJ

[Randall Stephens @074eth]

@ewarren There is easily $1-$2 trillion in the annual federal budget that is just pure fraud. Start there.

[Randall Stephens @074eth]

@JesseOlson @HalvingTracker Fascinating that the cycle high was barely equivalent to the last cycle low.

[SightBringer @_The_Prophet__]

⚡️Schiff is defending a dead monetary map.

His entire argument depends on treating Bitcoin as an isolated object and asking whether it has value in a vacuum.

That is the wrong frame.

Monetary assets do not become important because they produce cash flow.

They become important because the surrounding system creates a need for coordination, collateral, settlement, escape, and trust-minimized ownership.

Gold did not win because it produced yield.

The dollar did not win because paper had intrinsic value.

Treasuries did not win because debt is sacred.

They won because a system formed around them.

Bitcoin is now forming a system around itself.

ETF rails. Custody rails. Brokerage access. Stablecoins. Tokenization. Treasury enforcement. CLARITY. Strategic reserve language. Corporate balance sheets. Bitcoin income wrappers. MSTR credit machinery. Prediction markets. Sovereign optionality. Sanctions pressure. Capital controls. Fiscal decay.

That is the thing Schiff refuses to see.

He sees price speculation and says “no value.”

The deeper structure says Bitcoin is being pulled into the core of financial power because the old system keeps producing the exact problems Bitcoin solves.

Debt keeps rising.

Money keeps getting politicized.

Banking access keeps becoming conditional.

Sanctions keep expanding.

Trust in sovereign balance sheets keeps weakening.

Neutral collateral keeps becoming more important.

Digital financial rails keep swallowing everything.

Bitcoin sits at the intersection of all of that.

Schiff’s mistake is not skepticism. Skepticism is useful. His mistake is category failure. He keeps judging Bitcoin like a bad stock, when it is competing to become digital collateral in a world where trust itself is fragmenting.

That is why he sounds right during crashes.

Crashes expose fraud, leverage, scams, false belief, bad tokens, dumb money, and overpromised narratives. Schiff points at the wreckage and says the whole structure is fake.

But the wreckage is the purification layer.

The internet bubble did not kill the internet. It killed the garbage built on top of it before the real architecture took over.

Crypto is going through the same separation.

Garbage dies.

Leverage dies.

Retail mania dies.

Fake decentralization dies.

Bitcoin survives.

Stablecoins survive.

Tokenization survives.

Prediction markets survive.

Custody survives.

Regulated rails survive.

The U.S. does not lose by becoming the crypto capital if it captures the surviving rails. It wins the jurisdictional layer. It owns the compliance perimeter, the custody stack, the ETF market, the legal definitions, the stablecoin dollar network, the institutional distribution rails, and the tax/reporting architecture.

That is power.

Schiff thinks America is becoming the bagholder.

The deeper read: America is trying to become the operating system.

That does not mean every token matters. Most do not. It does not mean every crypto holder wins. Many will get destroyed. It does not mean the process is clean. It will be ugly, political, surveilled, manipulated, and full of fraud before the surviving structure hardens.

But Bitcoin’s role is not disappearing.

The system is surrounding it.

That is the tell.

Worthless assets get ignored.

Threatening assets get attacked.

Useful strategic assets get absorbed.

Bitcoin is being absorbed.

Schiff’s gold framework cannot process that because gold already won its social authorization centuries ago. He treats old belief as reality and new belief as fantasy. That is the blind spot.

The real future is harsher than Bitcoin utopians wanted and far more bullish than Schiff can admit.

Bitcoin will not remain a pure outside-the-system rebellion asset.

It is becoming institutional collateral inside the system.

That transition will feel like betrayal to purists and like failure to bears.

It is neither.

It is power discovering how to use the thing it could not kill.

[Randall Stephens @074eth]

@GovSherrillNJ @NewJerseyOAG "We are going to keep working for better conditions inside Delaney Hall until it is closed for good." What does this mean?

[Randall Stephens @074eth]

@BernieSanders "Give the public" in this case means expropriate someone else's property by force.

[NJ Assembly GOP @NJAssemblyGOP]

Remember when @RepJoshG, @AndyKimNJ and Asw. Ellen J. Park were celebrating Samsung's new NJ headquarters? Feels like yesterday. Actually, it was only eight months ago.

That's about how long it took for one of the world's largest companies to decide New Jersey's tax-and-regulation environment wasn't worth it. Today Samsung announced it's moving that headquarters to Texas.

Great start @GovSherrillNJ! The ribbon-cutting photos still look great, though.

[Randall Stephens @074eth]

@Polymarket Why don't communists like Bernie Sanders ever comment about producing wealth instead of just seizing wealth that others produce?

[Randall Stephens @074eth]

@SteveLovesAmmo The birth of social media enabled the spread and normalization of fringe ideas and movements. So late 2000's early 2010's.

[Randall Stephens @074eth]

@ThrillaRilla369 "Daniel-san, must talk. Walk on road. Walk right side, safe. Walk left side, safe. Walk middle, sooner or later, get squish, just like grape. Understand?"

[Randall Stephens @074eth]

@homerepaired Don't lend money to the government. Instead buy STRC preferred equity paying 11.5% dividend which is tax deferred because it's considered a return of capital.