Charlie

#Bitcoin 🇺🇸

[nick (Big Wick Nick) @ExitLiqCapital]

9th inning of the bear market btw

[Will @WClemente]

Getting ≥10 BTC for ~600k USD seems like a pretty good deal for long term buys.

63 million millionaires, 21 million BTC.

[Renaissance @0xRenaissance]

It’s actually unbelievable how similar the start of every cycle is to the start of every other cycle

[Rational Aussie @rationalaussie]

You know, one day we will all look back on these Bitcoin days and have a hell of a story to tell.

Your grandchildren will tell stories about how you were the only one who bought digital scarcity with size, prior to AGI, prior to the quantum hack of 2029, and prior to the rise of the humanoid slave class.

They'll ask how you did it.

And you'll be able to tell them:

I was giga retarded and thought it would go up

[Treasury Secretary Scott Bessent @SecScottBessent]

More than a year ago, the House passed the Clarity Act.

There’s been progress since — thousands of hours of bipartisan negotiations took place at the staff and Member levels. The Senate Committees on Banking and Agriculture advanced their respective titles. And Senate Republicans produced a floor-ready product that, as I type this, is waiting for a vote.

It’s disappointing — but not surprising — that Senate Democrats are choosing politics on the cusp of a major victory for American leadership. Find another instance in history where Congress, when given the choice, opted to push an industry out of the United States rather than smartly regulate it. American Exceptionalism was once a bipartisan goal; if Clarity fails, I have serious doubts.

These same Democrats — many of whom have taken millions of dollars from the crypto industry — proclaim that Clarity lacks safeguards for consumers and falls short in countering illicit finance. Nothing could be further from the truth. Titles II and III materially uplift regulatory and compliance obligations for digital asset intermediaries, placing them on similar footing with traditional financial institutions. The Blockchain Regulatory Certainty Act — which Washington lobbyists have spun up as a boogeyman for certain groups of prosecutors and law enforcement — does nothing other than codify longstanding Treasury Department policy that’s remained consistent across Administrations: non-custodial builders and developers are not, and have never been, subject to registration obligations under the Bank Secrecy Act. And at this point, major law enforcement trades that once opposed the bill, including the Fraternal Order of Police, have now endorsed it.

The Senate needs to vote NOW on this landmark legislation. The truth is that Senate Democrats are afraid to advance the Clarity Act as they fear Senator Warren and the “Anti-Crypto Army” she once promised to build. In the days ahead, Leader Thune will put this theory to the test. Will Senate Democrats be on the side of American Exceptionalism, or will they opt to cede American leadership of a global industry for fear of the bespectacled squirrel’s Left flank?

America will lead or America won’t. It’s not more complicated than that. I believe Satoshi once said it best:

“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”

[Magoo PhD @HodlMagoo]

Boomers have had their day and are trying to come to terms with their fleeting grasp of reality while thinking what was, is still what is.

No living legendary investor has had to grapple with very novel but profound question of “what is money?” as they were born into a fiat monetary system.

I believe Boomers inability to grok Bitcoin is actually an inability to accept their own decline and eventual deaths.

[TFTC @TFTC21]

"Congrats on the promotion. You're drunk. You're wasted. How many fingers am I holding up?"

@jackmallers on why fiat is like wearing drunk goggles. Real wages negative for 50 years but nobody notices because the numbers go up.

[Erik Voorhees @ErikVoorhees]

Remember that all government money is counterfeit.

Such money began as discrete quantities of a real commodity: silver or gold. Such money was used and trusted because it was a bearer proxy for this real good; the paper (valueless) a receipt for a quantity of metal (valuable).

And then the metal was stolen by the US Federal Government from all holders of the proxy instrument. The public was rugged, and now all government money is counterfeit, aka fiat.

That the world continued on without rebellion says something about how easily the masses may be deceived so long as a charismatic man with a flag pin stands before them.

When will he next appear before us? What illusion will we next be asked to believe?

The bill for this crime is paid every year by everyone holding fiat, as they see prices rise and struggle with the attendant consequences of being paid in an asset debased in perpetuity. They attribute their suffering to some phenomenon of nature, or to the greed of capitalists, rather than to that specific act of fraud on August 15 1971.

[MacroScope @MacroScope17]

"As money saved diminished like a lump of ice on a summer's day, there was every incentive to eat it, drink it or be merry with it."

-When Money Dies by Adam Fergusson

[jords @jords]

crypto is my home bros, i had my time off but i love this place and returned because of it. i love it especially when prices are down and ppl need help believing again

it's not over, no more over than it has been the many times before. i bought coins a few months ago and they are a good amount higher, but i can understand those that are feeling dark with the slow bleed

bear markets are where heroes are made. i live in a summer destination, the vibes are good but winter is where great friendships are forged. the winter dinners and late night discussions are much better for relationship building than the summer beers

we're in the winter. this is the time where ppl remember your contributions, the only ones left are the real ones who will define your future reputation. ppl are more accessible, life changing dm's are possible

it's time to reassess where your allegiances are, how you are handling bag bias. if you believe everything will likely go much higher in the future, it doesn't matter if you're down a lot you can still rotate to better coins

if you've been on borrowed conviction, maybe it's a good time to figure out what your coins actually do. read a white paper, read the colossus jeff article, jump on a call w someone smarter than you

i have zero interest in speculating elsewhere. wealth generation for me comes from crypto and tradfi is for wealth preservation. this is where my edge is, this is where my friends are, this is where free money rains from the skies during the good times

if you are only a few red or green candles away from happiness or sadness, then you should work on yourself. read books, look inward. your happiness should never be pegged to markets

if the same is true for your conviction, then you need to size better. one green day or one red day should not impact your belief in long term positions, there is much peace to be found in this

slow down, recharge and rest. there are plenty of good days to come and you will need your energy. enjoy summer, enjoy time with friends, enjoy your time in this world bc it's all you actually have

the numbers on the screen are completely worthless if they do not improve your life

i believe in you guys, i believe in this industry and i believe that there are better days ahead

whatever is to come, ill be here and i hope you will be too

ily

[mert @mert]

if you buy an asset and sell it when it goes down instead of buying more, why did you buy it? are you stupid?

[threadguy @notthreadguy]

the crypto trade is hilarious because in ten years bitcoin will trade at 0 or 1mm+ and you’ll feel retarded in both scenarios

[Mike Selig @ChairmanSelig]

Today's vote for CLARITY brings us one step closer to cementing the US as the crypto capital of the world. With a bright line between digital asset securities and commodities, clear rules of the road for digital asset transactions, and an end to regulation-by-enforcement, America will remain the global hub for crypto innovation for years to come.

[Charlie @ChazOfftopic]

@EleanorTerrett @SenRubenGallego @Sen_Alsobrooks Thank you @SenRubenGallego and @Sen_Alsobrooks ! We will remember your votes. We will also remember @SenWarren and those who continue to be on the wrong side of history.

[Eleanor Terrett @EleanorTerrett]

🚨JUST IN: The Clarity Act ADVANCES out of the Senate Banking Committee in a 15-9 bipartisan vote, with two Democrats voting in favor: @SenRubenGallego and @Sen_Alsobrooks.

Next stop: the full Senate.

[barky🍦 @barkery91]

sorry i cant go out tonight im in 7 figure hell

[Erik Voorhees @ErikVoorhees]

It may be obvious in hindsight that we actually built crypto for the machines

[peepeepoopoo @DeepDishEnjoyer]

i think trump is the "crypto president" in the sense that he's retarded

[slush @slush]

#bitcoin break long-term trendline and is trading under 0.20/USD now. Time to buy or market collapse?