Brian Weckman

Dad of twin boys, husband, Austrian school of #Bitcoin @Yankees fan. No inv advice here, just discussion. 😎

[Brian Weckman @BrianWeckman]

#Bitcoin is the ultimate long game. It's a truth machine that feasts on lies - monetary or otherwise.

[Alistair Milne @alistairmilne]

Guess which asset ChatGPT ranked as the most robust vs AI & robotics developments in the future

[Brian Weckman @BrianWeckman]

@Truecrypto Sold the 90 day out $60 puts on it for the same reason

[Brian Weckman @BrianWeckman]

RT @BTCGUS21: Haters, doomsayers, and fiat maxis have 10 times more anxiety about Bitcoin crossing $1 million than the all-in Bitcoin psych…

[Jeff Swanson @theswansjr]

"Bitcoin isn't backed by anything."
Let me stop you right there.

Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.

Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.

The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.

The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.

Now let's talk about what is backed by nothing.
The dollar.

It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.

In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.

"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.

Follow if you're serious about building wealth they can't print away.

[Brian Weckman @BrianWeckman]

@Truecrypto Just wanted to let you know how much I continue to appreciate your posts. Often times the non-investing ones are the most poignant. Thanks for taking the time.

[Brian Weckman @BrianWeckman]

@Euphoric696 @BowTiedBull Wash sale rule doesn't apply to bitcoin

[Brian Weckman @BrianWeckman]

@realpeteyb123 Very true. I took the initiative to start retiring 5 minutes at a time about 3 years ago. I only do things now that I enjoy or find challenging in a positive-stress way. By the time I hit 50 last year, I had found more time and fulfillment than I ever had

[TFTC @TFTC21]

The American Reserve Modernization Act (ARMA) would authorize the U.S. Treasury to acquire up to 200,000 bitcoin per year for five years, targeting a reserve of 1 million BTC.

The bill was introduced Wednesday by Rep. Nick Begich with 16 original cosponsors. It is a rebranding and expansion of the original BITCOIN Act co-introduced last year by Begich and Senator Cynthia Lummis. It would codify Trump's March 2025 executive order establishing a Strategic Bitcoin Reserve into permanent law that cannot be reversed by a future president.

The bill classifies bitcoin as a "Tier 1" strategic reserve asset, putting it on the same legal footing as gold. A separate digital asset stockpile would hold other federally owned crypto.

All acquisitions must be budget-neutral. The funding mechanism is revaluing Federal Reserve gold certificates from their current statutory price of $42.22 per ounce, set in 1973, to current market prices. That gap generates hundreds of billions in accounting gains without new taxpayer debt.

The bill also ends the practice of auctioning off seized bitcoin. All future seizures would be transferred directly to the Strategic Reserve instead of being liquidated by the U.S. Marshals Service. Existing government holdings would be consolidated into a single audited ledger.

Bitcoin in the reserve would be held for a minimum of 20 years. The bill establishes federal custody standards including geographic distribution of private keys across air-gapped facilities, multi-signature governance requiring authorization from the Treasury, the Fed, and an independent third agency, and investment in "quantum-resistant cryptographic upgrades."

Rep. Pat Harrigan, one of the cosponsors, said "The United States government already holds billions in seized bitcoin with no coherent strategy for managing it, and that needs to change."

[The Bitcoin Historian @pete_rizzo_]

20,000,000 #BITCOIN HAVE BEEN OFFICIALLY MINED

ONLY 1,000,000 BTC FOR THE NEXT 114 YEARS

THE MOST SCARCE ASSET IN THE HISTORY OF MANKIND 🚀

[Strategy @Strategy]

If $BTC price appreciates by just 2.3% annually, we can fund all our dividends indefinitely.

[Adam Livingston @AdamBLiv]

Rick: “So what are you looking to get for this Bitcoin?”

Saylor: “Your dollars, your gold, your debt market, and eventually the quiet surrender of your entire civilization.”

[James E. Thorne @DrJStrategy]

Food for thought.

The Great Game Comes for the Fed.

Kevin Warsh’s arrival at the Federal Reserve would mean more than a new chairman. It would mean that the great new game, the struggle over energy, industry, data, payments, borders, and national power, has finally reached the central bank. The old pretense that the Fed stands above politics, above history, and above the national interest is collapsing. Good. It never was true.

Trump and Andrew Jackson belong to the same American tradition: both understood that concentrated financial power quickly becomes political power. Jackson fought the Bank of the United States because he saw that institutions claiming neutrality often serve entrenched elites. Trump is now applying that same instinct to the modern monetary establishment. The target is no longer Nicholas Biddle’s bank but the western central-bank system, the Fed, the ECB, the Bank of England, and their peers, that has spent decades passing ideology off as expertise.

That ideology is a stale misuse of Keynes. The General Theory was written for depression conditions and then marketed by generations of disciples as if it were a timeless manual for all economies in all eras. That is how the Fed ended up treating supply shocks as inflation, backward-looking shelter data as revelation, and every market tremor as an excuse for balance-sheet manipulation. Across the west, the same script still reigns: manage aggregate demand, massage expectations, defend the inflation target, and assume more central-bank discretion is always a mark of sophistication.

Warsh represents a different possibility. He and Treasury Secretary Scott Bessent are linked through Stanley Druckenmiller, which means a Warsh Fed would not operate in splendid isolation from Treasury but in strategic coordination with it. That will horrify the status quo, and it should be expected. The status quo should be horrified. Trump’s America First policy is not just about tariffs or border control. It is about restoring economic sovereignty through innovation, productivity, energy abundance, and supply-side reform.

That is the regime change now coming for the Fed and if it succeeds, it will challenge the entire western central-banking consensus.
Warsh grasps something the Fed’s academic monoculture does not: stronger growth is not inherently inflationary. If productive capacity is rising, faster innovation, more investment, and better supply conditions can deliver expansion without hotter prices. Volcker, for all his tensions with Reagan, understood the same underlying truth: credible money was a precondition for durable, non-inflationary growth, not an excuse to suffocate productive expansion forever. Bernanke and Yellen turned emergency activism into doctrine and made Wall Street dependent on central-bank liquidity. Shrinking the balance sheet is not radical. It is normal.

The great new game is not really about a single appointment. The United States is exiting Pax Americana and entering a new era of economic sovereignty, much as the early republic had to break free of British imperial finance after the Revolution. That transition requires regime change at the Fed. Kipling in Kim wrote that “when everyone is dead the Great Game is finished. Not before.” With the appointment of Kevin Warsh, the monetary front of that a new chapter in the great game truly begins.

But can one man alone break decades of Keynesian dogma embedded across the western central-banking order?

https://t.co/AAsfMbvh0u

[Brian Weckman @BrianWeckman]

@PricedinBTC What a waste of time and effort

[CoinDesk @CoinDesk]

JUST IN: The U.S. military confirms it is running a live $BTC node for cybersecurity testing, with Admiral Paparo telling Congress Bitcoin has "incredible potential" as a tool of American power projection versus China.

[Brian Weckman @BrianWeckman]

Wow #Bitcoin

[Alex Thorn @intangiblecoins]

🚨 BREAKING: INDOPACOM COMMANDER ADMIRAL PAPARO TELLSENATE ARMED SERVICES:

"BITCOIN IS A VALUABLE COMPUTER SCIENCE TOOL AS POWER PROJECTION" AND THAT "BITCOIN IS A REALITY, A PEER-TO-PEER, ZERO TRUST TRANSFER OF VALUE... THAT SUPPORTS INTERESTS OF THE UNITED STATES OF AMERICA"

[Tatum Turn Up @tatumturnup]

“Where are the blockchain servers located”

… My house?

[Lyn Alden @LynAldenContact]

Ansel is right. People with this view don’t truly understand the open source aspect or the proof of work aspect fully.

A strong point about Bitcoin is that it literally doesn’t matter who created it. It can be assessed on its own merits since it’s transparent and decentralized.

[Scott Lincicome @scottlincicome]

Your annual Donald Rumsfeld IRS Tax Day Letter appreciation post.

[Brian Weckman @BrianWeckman]

@txmedai @DrDeepMD Back to 2015? Did you see life rates go up 50%

[Brian Weckman @BrianWeckman]

@DrDeepMD And there were no COVID payout exemptions on policies. They don't care what you die from (outside of war or suicide)

[Brian Weckman @BrianWeckman]

@DrDeepMD Yep I was telling people if it was as bad as was talked about, life rates would have skyrocketed - they didn't