Jellygoat

[Jellygoat @Gelatacapra]

@KweenInYellow all the best to your dad but maybe not wasting your own life on the internet war of keyboards might be pretty beneficial for him

[Jellygoat @Gelatacapra]

@andreagail_k @atrupar The only sensible reply in many screens worth of scrolls 🤣 🤣 🤣

[Jellygoat @Gelatacapra]

@getpseudoed Because #BTC is hopeful af

[Cole Walmsley @Cole_Walmsley]

#Bitcoin is the greatest asymmetric opportunity in human history.

Let’s say you own 0.01 Bitcoin (worth $615 today).

If the Bitcoin thesis plays out as predicted, Bitcoin will be the global monetary singularity.

The entire world will be united on a #Bitcoin standard.

This means that everything that exists is priced in Bitcoin. Every good, every service, every new technology, every piece of land, everything, all priced in Bitcoin.

Because Bitcoin has a fixed, finite supply of 21 million, your stake in Bitcoin is fixed, and your stake in everything that exists in the world is fixed.

With 0.01 Bitcoin in your possession, you own 1/2,100,000,000 of all Bitcoin, and you own 1/2,100,000,000 of everything that exists.

The craziest part is that it’s not only everything that exists today, it’s 1/2,100,000,000 of everything that exists *forever.*

With each purchase of Bitcoin, you are increasing your rightful claim of everything that exists for all of time.

Some have estimated that $900 trillion of value exists in the world today (it’s almost certainly more).

If you were to own 1/2,100,000,000 of everything that exists today, that would be worth $428,571.

By purchasing 0.01 bitcoin today, you are buying $428,571 of value for $615.

That is already a massive asymmetric opportunity.

Future prosperity, everything that will ever exist in the future, is unknown.

We do know that it will be greater than today. In all estimations, future prosperity for the rest of time is infinite.

You are then talking about owning 1/2,100,000,000 of infinity.

The value that exists in the future is infinite. 1/2,100,000,000 of infinity is infinity.

By purchasing 0.01 bitcoin today, you are buying *infinite* value for $615.

That’s an infinitely asymmetric opportunity.

With Bitcoin, your downside is whatever money you put into it. Your upside is infinity.

Which means your upside is infinitely more than your downside.

There can be no greater asymmetric opportunity.

You might want to study #Bitcoin so you can understand why and how Bitcoin will become the global monetary singularity.

You might want to buy at least a little #Bitcoin

Just in case it works out.

[Simply Bitcoin @SimplyBitcoin]

NEW: #Bitcoin reaches a new all-time high in 14 of the G20 nations

[Luke Broyles @luke_broyles]

#Bitcoin went from $0.05 to $50,000 adding 19,500,000 coins to supply and tens of billions of dollars injected.

#Bitcoin is adding 1,500,000 coins with quadrillions of dollars in the next century.

Only the mathematically challenged think $10,000,000 #BTC is bullish.

[Stack Hodler @stackhodler]

You haven't met the real #Bitcoin yet.

93% of its supply has been issued over the past 14 years.

What you think of as "Bitcoin" is what you have experienced as 93% of all Bitcoin that will ever exist was dumped onto the market.

But during the next 14 years, buyers will fight over new issuance that is a mere 6% of the total supply.

And after that? Less than .5% of new supply will remain.

Bitcoin's true scarcity hasn't even kicked in yet.

What happens early next year when it becomes the hardest money that humanity has ever known?

And what about when understanding of this new monetary technology grows at the same time new issuance goes from a flood to a trickle?

People are terrible at projecting into the future.

They don't understand just how rare 1 #Bitcoin is.

There will come a time when all the mining power in the world won't even produce a single Bitcoin in a year.

There are 60 million millionaires in the world.

If BTC were evenly spread amongst them, they could each have .35 BTC max.

Except ~5 million BTC are already lost forever...

Which means .26 BTC max per fiat millionaire.

And that's forgetting the corporations, insurance funds, pension funds, sovereign wealth funds, and nation states that will permanently remove millions of BTC from the market.

It's also assuming that current individual holders who refused to sell despite years of ridicule will suddenly decide to trade their entire stack for fiat.

Bottom line: Bitcoin is ridiculously scarce.

Even 0.1 BTC will be considered a fortune one day.

But by then you won't measure its value in infinite fiat.

People will just intuitively understand how abundant everything else is relative to BTC.

And all goods will be priced accordingly.

Pricing Bitcoin in infinite fiat will one day seem as ridiculous as pricing an ounce of gold in Wampum.

[Wicked @w_s_bitcoin]

Plebs who started daily dollar cost averaging at the all time high are now up over 50% in profit on their total #bitcoin investment.

[CJK @CJKonstantinos]

Accurate Inflation data as a deflator is important in economic analysis 🔍

----- EXAMPLE -----

In Q1 you sell 10 units at a cost of $80 for $100 each.

You had $1000 of sales.
You had $200 of profits.

Inflation persists at a reported rate of 3.7%, interest rates go up and cost structures increase...

Your cost go up $16 per unit and you push it to the customer, higher prices dampen demand.

In Q2 you sell 9 units at a cost of $96 for $116 each.

You had $1044 of sales.
You had $180 of profit.

Without adjusting for inflation aka in nominal terms, it looks like there's an increase in sales of $44 or 4.4%

Correcting for inflation by the reported rate of 3.7% leaves you with 0.7% sales growth.

IN FACT, PEOPLE were just PAYING MORE FOR LESS; there was no growth at all.

Q2 unit sales declined by -10%
Q2 profits declined by -10%

FAKE NEWS HEADLINE 📰
Sales Increase 0.7% 🚀🚀🚀

HIDDEN NEWS HEADLINE 📰
Units moved -10% | Profits -10%

----- END EXAMPLE -----

I'm not saying inflation is not being accounted for...

I'm saying that INFLATION is NOT being PROPERLY ACCOUNTED FOR in that ITS BEING UNDERSTATED.

The UNDERSTATEMENT of CPI aka inflation TRICKLES down INTO EVERYTHING, most importantly:

-> Real GDP
-> Real Interest Rates

It's the understatement of inflation in the GDP deflator that's turning it into the GDP inflator; similar to what we saw in sales example above -> sales up yet business down.

This may make you uncomfortable BUT the truth is...

Nominal GDP may have been >4.9% BUT when accurately accounting for real inflation, REAL GDP was NEGATIVE.

---

It's the understatement of inflation when calculating real rates of return that's misconstruing marketplace incentives.

3M T-bills pay 5.5%
Reported CPI 3.7%

5.5% less 3.7% = 1.8% real return

People should be incentivized to save versus spend and/or invest.

Where is the capital rotation?

Real inflation at least CPI x2 = 7.5%

5.5% less 7.5% = -2% real return

People are incentivized to spend and/or invest not save (because negative rates = loss of purchasing power)

So people stay in stocks and other "risk" assets bc they are not properly incentivized to leave them by the real rate of return being positive.

---

Although the government data is free and abundant, proper analysis is costly and scarce.

To solve this problem, I'm simply going to plug in the data to the proper pre-manipilated gov equations.

This will provide a FREE and EASY one stop macro shop for accurate:
-> Money Supply
-> CPI
-> Real GDP
-> Real Interest Rate

Coming soon!

MAKE DATA GREAT AGAIN #Bitcoin

[Joe Burnett, MSBA @IIICapital]

Bitcoin is not a belief system or a collective hallucination.

Just like a airplane is not a belief system.

A good airplane is safe, reliable, comfortable, long range, and cost effective.

You can objectively determine #bitcoin is good money just like a 737 is a good airplane.

[Joe Nakamoto ⚡️ @JoeNakamoto]

Talk to someone about #bitcoin today.

🏠 🚲⚡️

I still think about this scene; it still haunts me

[Altcoin Daily @AltcoinDaily]

Think about it like this. 👇 #bitcoin

[Bitcoin for Freedom @BTC_for_Freedom]

Which level are you?
- Level 1: #bitcoin is a crypto currency
- Level 2: Lol, BTC is gambling
- Level 3: I’m too late to BTC
- Level 4: I hold BTC, ETH, XRP etc.
- Level 5: I only hold BTC
- Level 6: BTC is the key to fixing the world

[Jellygoat @Gelatacapra]

@Jeffyboythought @RealRonChhinzer Doesn';t matter who wins, same problems, different face.

[Jellygoat @Gelatacapra]

@alifcoder Yes!

[Tomer Strolight @TomerStrolight]

Watch this.

Full Screen.
Volume up.
Lights out.

You're welcome.

[naiive @naiivememe]

#Bitcoin

[BLAKE⚡️ROGUE MONEY USER @bleighky]

This clip hits so hard and my fellow #Bitcoin ers are the only ones that truly understand why 🤯🤯

[Jellygoat @Gelatacapra]

@ShaneTrammel @The_BTC_Base @LukeMikic21 There's tons more energy to pull from in the US compared to so many nations. Do you know why blackouts/brownouts are rare in NA? they're rare because we produce so much more energy than we actually use. If half the grid isn't being used it's essentially wasted

[Jellygoat @Gelatacapra]

@saifedean Hey Saifedean! Interested in the course but curious about the times the live seminars will be taking place! Any chance that you'd have this info now?