Re███d Ape

#Bitcoin— in it for the freedom tech since $250 (all lost in unfortunate maritime incident) | ⚡#TSLA from $16 | ☢️ U-235 bull | #ICT dabbler | Rest is redacted

[Re███d Ape @EntangledApe]

Top cringe of this bull run #Bitcoin

[Re███d Ape @EntangledApe]

@Tesla Finally a new GTA

[Elon Musk @elonmusk]

@zerohedge True.

That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.

[Re███d Ape @EntangledApe]

@nikkharris @Tesla Feature request: Let my Tesla (@grok) roast bypassers through its external speakers 🎙️🔥

@elonmusk

[Re███d Ape @EntangledApe]

Pls fix basic Supercharger experience, especially now that other brands can use:

1. Build/open faster

2. Integrate queue into Tesla app/car UI based on ETA

[Re███d Ape @EntangledApe]

@HWLinvest https://t.co/5S744dsnow

[Re███d Ape @EntangledApe]

@elonmusk When 🇸🇪 got rich it had one of the most open and deregulated economies in the 🌍. Lower taxes than in the US and most western countries.

Then the welfare state eroded the conditions that made the model viable. The 4th richest country became the 14th in decades.

[Re███d Ape @EntangledApe]

@elonmusk When 🇸🇪 got rich it had one of the most open and deregulated economies in the 🌍. Lower taxes than in the US and most western countries.

Then the welfare state eroded the conditions that made the model viable. The 4th richest country became the 14th in decades.

[Re███d Ape @EntangledApe]

@elonmusk Source: https://t.co/TWhOzhI1c9

[Re███d Ape @EntangledApe]

@elonmusk When 🇸🇪 got rich it had one of the most open and deregulated economies in the 🌍. Lower taxes than in the US and most western countries.

Then the welfare state eroded the conditions that made the model viable. The 4th richest country became the 14th in decades.

[Re███d Ape @EntangledApe]

@elonmusk Source: https://t.co/TWhOzhI1c9

[Re███d Ape @EntangledApe]

@sfliberty Recommended reading (Swedish). Basically the long Economic History version of this thread.

[Re███d Ape @EntangledApe]

@ATRightMovies

[Re███d Ape @EntangledApe]

@LinkN01 Mycket bra jobbat! Förvånansvärt balanserat reportage.

[Re███d Ape @EntangledApe]

@LinkN01 Gothenburg testing autonomous buses

https://t.co/lD15jO4V8w

[Alex Stanczyk ∞/21m @alexstanczyk]

Gold is eternal.

It’s the largest store of value in human history—over $21 trillion—and physically indestructible.

But after 8 years running a physical gold fund, I realized something shocking:

Bitcoin is better.

Here’s why 🧵

[Re███d Ape @EntangledApe]

@BitcoinMagazine Why so bearish?

[Re███d Ape @EntangledApe]

@SawyerMerritt Good news. Now it's more than just Tesla lobbying the European regulators to allow FSD.

(Presumably any company would want to cover all key European markets, no matter if EU or not. And UK relaxing policies would also pressure the EU.)

[Re███d Ape @EntangledApe]

@TheBTCTherapist

[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.

[Stack Hodler @stackhodler]

Elon was happily tinkering with his rockets and electric cars in democrat-controlled California.

Then they tried to stop him from working during covid.

And now he's dismantling the entire deep state as a side hustle.

Has a single tweet ever backfired so hard?

[Re███d Ape @EntangledApe]

@MarcusWeidenlov @Dennisgooner Efter 15.000 mil med Tesla har jag fått vänta totalt...
**drum roll**
15 min vid Superchargers.

10 min på en av de minsta utanför Cannes, och 5 min i Sverige pga facket.