Alberto Tor

[Alberto Tor @Albytr14]

@joeroganhq staged...

[Dylan O'Sullivan @DylanoA4]

Think about this study a lot

[Bitcoin News @BitcoinNewsCom]

#Bitcoin OG Andreas Antonopoulos addressing the "problem" of quantum computing and Bitcoin security.

[Stack Hodler @stackhodler]

You just articulated one of the best parts about Bitcoin.

It will make everything more affordable. Here's how:

Without Bitcoin, you're forced to invest in a bunch of random stuff to grow your purchasing power.

Hotels, homes, speculative startups, etc.

Sure you know a bunch of it will fail, but you have so much cash that you just spray and pray that something hits and makes up for the losses.

That's capital misallocation. And it's happening at scale.

It inflates the price of everything for everyone.

Including homes that people need.

So what happens when people start stacking Bitcoin instead of dumping money into real estate investments?

The price of homes that people actually need to live in will fall.

Prices are truth.

They are the market's way of telling you the relative value of things.

So if your buddy can't get anyone to dump $16 million into a hotel, that means he's holding the bag.

He (or the bank that owns the hotel) needs to revalue the hotel much lower to whatever the clearing price is.

That's what happens when you play around with 20th century stores of value at the dawn of Bitcoin.

Asset holders need to adapt or die.

The price of real estate will continue to fall relative to Bitcoin because it's a terrible store of value compared to BTC.

Insurance costs, property tax, maintenance costs, tenant headaches, natural disaster risk, pandemic risks, etc...

Capitalism won't stop though.

At a certain point, Bitcoin returns slow down when it's properly priced closer to ~$10 million a coin in today's terms.

And then it may make sense to buy equity in businesses that can offer cash-flow or rapid growth opportunities.

But it's important to remember: People won't stop consuming just because they have Bitcoin.

When someone has surplus wealth, they eventually value time/experiences/material comfort more than incremental wealth.

Or they may want to fund entrepreneurs for excitement / challenge / impact.

And so Bitcoin will incentivize people to save and carefully allocate capital, but once they have "enough" - they will still trade some of their Bitcoin for goods and services.

One last thing:

You said deflation is a bad thing.

Deflation is coming no matter what.

When AI and robots are doing 90% of our work, that's massively deflationary because they can do things way faster and cheaper than humans.

Which should make the price of everything fall.

But you're right that deflation is bad for a debt-based economy because you can't pay back debt if the currency the debt is denominated in gets more valuable.

That's why central banks debase currencies to make sure the debt based economy doesn't implode.

So right now, instead of letting technology gains make things cheaper for everyone, central banks actually make sure we all face 2% growth in prices every year.

And they'll debase the currency as much as they need to to make sure prices grow instead of fall.

Which is why things get worse every year if you're stuck in the fiat system.

Luckily anyone can opt out of the inflationary system right now by adopting finite Bitcoin.

Bitcoiners are already living in a deflationary world.

We're getting the full benefit of humanity's increasing productivity.

Everything around us is getting vastly cheaper every four years.

Anyone can opt into this deflationary system at anytime and get the full benefit of the AI / robotic revolution that is just beginning.

[Alberto Tor @Albytr14]

@kris "100k incoming"

[Kris @kris]

When Bitcoin hits $100,000 I will give 1 BTC to one person who follows me.

The rules are simple:
- like this tweet, follow me and RT
- comment “100k incoming”

Let’s go! $BTC #bitcoin

[Stack Hodler @stackhodler]

$100K Bitcoin used to sound like some crazy far-off goal.

Now it's just a 12% move away. And It won't surprise a soul.

A million dollar Bitcoin will be normalized the exact same way.

[Naval @naval]

The basis for friendship, relationship, partnership - isn’t proximity or time spent together - it’s values.

[Innerdevcrypto @Innerdevcrypto]

To be successful in anything: do not follow the human herd

1: To be wealthy, don´t stay in a 9-5 job (unless no other choice) or follow normal finance. Set up own company or do crypto for example or be first in something original
2: To be healthy, don´t eat carbs & sugar & buy in supermarket. Eat protein & fat & grow own food
3: To be happy, don´t look outside like everyone else. Look inside
4: To live your destiny, don´t listen to others. Listen to your heart & intuition which nobody tells you to do
5: To stay strong, don´t focus on physical body only like everyone else. Cultivate chi & jing, save your sexual energy and train your tendons and mind and spirit
6: To get a real education, don´t follow the usual academic system unless absolutely needed for a profession that has your passion, follow your own desire to learn and use all the info that is available for free
7: To get attention & a message across, don´t talk a lot. Talk less but talk with extreme focus which power comes from cultivating silence.

I can go on forever with this list, but you get the point.

To be succesful & original: never follow the human herd

[Naval @naval]

Angry people vote, the apathetic stay home.

Trump has to make you angry at the state of affairs.

Kamala has to make you angry at Trump.

[Matt Le Tissier ✝️ @mattletiss7]

Ain’t that the truth.

[Science girl @sciencegirl]

Frameless exhibition London

The storm on the Sea of Galilee

[Alberto Tor @Albytr14]

@punk1685 'done'

[Robin Seyr @RobinSeyr]

Who is this guy?

⇒ You work, they print.

He gave the most based opinion on inflation:

[🏔Adam🏔 @denverbitcoin]

This hits hard

[illuminatibot @iluminatibot]

The biggest scam in life is paying taxes on the money we make, paying taxes on money we spend, and taxes on things we own, that we already paid taxes on, with already taxed money.