Olivia
Online
Harding
@HardRepost
Life's like a box of chocolates. But you should really only eat meat.
Melbourne, Australia
Joined March 2017
307 Following
55 Followers
201 Posts
How it feels for Australia to be the last Asian team in the World Cup.
This is insane.
1971:
-Gold was $43/oz
-Average hourly wage was $3.70
-Time needed to buy one oz of gold: 11.6 hours
2026:
-Gold: $5,000/oz
-Average hourly wage: $28
-Time needed to buy one oz of gold: 179 hours
What does this mean?
Your time is literally less valuable today than it was 50 years ago. Look at it this way:
In 1971: Work 12 hours ➡️ get 1 ounce of gold
In 2026: Work 12 hours ➡️ get 0.07 ounces of gold
Gold is still gold. One hour is still one hour. Wtf is happening?
We haven't used sound money since 1971, when U.S. President Richard Nixon took us off the gold standard. Money became infinitely printable, with nothing required to back it.
So they printed money, over and over. And over. And over. And over again.
Every time they printed new dollars, the dollar became worth less. Think about it like this:
If there's 10 copies of a rare painting, and then they make 1,000 new copies, all the copies become worth less. That's what happens when you increase the supply.
That's what's been happening to the dollar since 1971. And guess what?
The money you use represents your time.
You give time and energy to the market, the market gives you money in return. That money reflects the time you gave.
It's no wonder that time has become less valuable as the dollar has become less valuable.
We don't use gold to measure our time and energy. We use a money that can be printed out of thin air by a small, central group of elites that we have no real say over.
Anybody with the power to print money from nothing will eventually abuse that power. That's what's been happening since 1971.
As a result, it now takes more of your time to earn the same amount of gold, which is completely backwards from a species that is supposed to be progressing.
It should be going the other way. As we develop new technologies and bring more productivity to the market, it should take *less* time to earn the same amount of gold.
The only way -- THE ONLY WAY -- to stop your time from becoming less valuable is to use a different form of money. You must exit the dollar system. You cannot escape time-debasement if you are in a system with monetary-debasement.
You need a system that cannot be debased.
We have a monetary system that was explicitly created to prevent monetary debasement once and for all. We have evidence for those that have chosen that system.
If your money was Bitcoin, this is how much time it would take to buy one ounce of gold:
2012: 208 days
2016: 2 days, 22 hours
2020: 4 hours, 28 minutes
2024: 56 minutes
The dollar loses value over time, because it can be infinitely debased. The longer you use it as money, the more time you lose.
Bitcoin gains value over time, because it is the only money that cannot be debased. The longer you use it as money, the more time you gain.
The game is alignment.
Choose wisely.
they're now rugpulling the perioidic table
Boomers: don’t invest in Bitcoin it’s too volatile!
Silver:
You know what I wish I had.
Onchain data for precious metals.
What we'd see right now, is a massive volume of recently bought coins at the top, and a tonne of short-term holders who are about to start panic selling.
Revived supply by old money ramped up hard since January, and we now have a top heavy market.
Probably not a 20yr bear market, but silver will be in a bear market by the time the tennis is finished.
Sigh
The cool thing about trading metals is u dont need to worry that copper inu is going to steal all the mindshare from copper while ur asleep. They’re not making new commodities on pumpfun every few seconds
Sold silver at the dealer this morning for a 3x over ~18 months.
Sell thesis was simple, silver chart is now parabolic, I received three messages in two weeks asking how to buy it, and gold/silver ratio has hit lows where it historically peaks out. Every twitter sub-community is now a silver community.
Topping stuff.
Some notes on the experience:
- I couldn't sell it yesterday because of public holiday in Australia, and I lost a few % points waiting for the dealer to open 9am this morning. I also had to bus to the city, pain in the ass.
- Lines out the door, all retail, all very excited to buy.
- Chit chat in the line was mostly retail folks bragging about how much $ they have made since last weeks buy, and why silver is now better than gold as an investment.
- In shop, many of the buyers had no idea how to think about weights, coins vs bars, different mints. Total newbs, or people who wanted the shiniest coins at whatever price.
- I was one of two sellers, other guy was selling a fat stack of silver, and clearly had been buying for a long time. Serious looking dude too.
- Sold 2% below spot price, so spread wasn't terrible.
The whole experience was 100x more time consuming, less convenient, and with lower control than a Bitcoin transaction. I couldn't sell when and at the price I wanted to. The spreads buying silver are heinous, and glad the spread on the way out wasn't too bad.
Bitcoin fixes literally all of the monetary properties here. Silver should be used in industry, leave the monetary use-case to gold and corn.
Staying humble and stacking sats with the proceeds.
There are Bitcoiners out there who couldn't handle six months of gold going up.
Their conviction melted as they watched gold have what is a normal positive year for the corn (after Bitcoin had two of them back to back btw).
Peter Schiff has felt like this for 17-years, and will be back to feeling like that soon enough. He literally grew silver hair waiting for silver to go up.
If you're feeling particularly salty, go buy a gold coin, you'll put the top in, and then we can get back to regular programming.
Both coins are going considerably higher, own them both.
Fiat has no bottom.
sat next to a guy on a flight who smelled like old money
rolex. tailored suit. reading a physical newspaper like it was 1987.
figured he was some finance executive or inherited wealth.
we got talking. I mentioned I sell stuff online.
he put down his newspaper.
"what kind of stuff?"
digital products. courses. ebooks. that kind of thing.
he smiled weird.
"I made $4 million last year selling a PDF about aquariums."
I thought he was messing with me.
he wasn't.
this guy is 61 years old. spent 30 years as an accountant. hated every second of it. retired at 55 with decent savings but nothing crazy.
his hobby was aquariums. had been keeping fish tanks since he was 12.
"my wife told me to start a blog so I'd stop boring her with fish facts."
so he did. wrote about aquarium stuff 3 times a week. water chemistry. tank setups. fish compatibility.
for 2 years nobody read it.
"I had maybe 50 visitors a month. all probably bots."
but he kept going because he had nothing else to do.
year 3, one article ranked on google. then another. then another.
suddenly he was getting 100K visitors a month. all people searching for aquarium help.
"I realized these people would probably pay for a complete guide. so I wrote one."
147 pages. everything about setting up and maintaining an aquarium.
priced it at $47.
first month: $6K
first year: $340K
last year: $4.2 million
from a PDF about fish tanks.
I asked about his marketing strategy.
"I don't have one. google sends people to my blog. blog mentions the guide. people buy it. I go play golf."
no email sequence?
"I have a newsletter. I send fish tips once a week. sometimes I mention the guide at the bottom. that's it."
no upsells?
"I made a second guide about saltwater tanks specifically. $67. people who bought the first one usually buy the second. that's my whole business."
no team?
"my wife helps with customer service. we get maybe 10 emails a day. most are just people showing us their tanks."
this 61 year old retiree built a bigger business than most "entrepreneurs" I know.
no ads. no funnel hacks. no growth strategies. no personal brand.
just mass expertise in one weird niche and patience to let it compound.
before we landed he gave me advice I didn't ask for:
"everyone your age wants to get rich fast. that's why most of you stay broke. I wrote about fish for 2 years before making a dollar. now I make more than I did in 30 years of accounting. speed is overrated. patience pays."
the plane landed. he grabbed his newspaper and walked off.
probably went home to feed his fish.
After two networking events with investors this weekend, here is about 90% of the feedback I’ve received on Bitcoin so far:
1. “It’s too late, I could have bought at $800, I missed it.”
2. “When they take down the grid, you won’t be able to use it. It requires electricity, which they can shut off.”
3. “Even if it goes to $1 million that’s only 10x, I can find investments that will 100x.”
4. “I invest in real estate and can do a 1031 exchange. You can’t do that with Bitcoin.”
5. “If I lose the keys, I can never get it back.”
6. “Didn’t the CIA create that?”
7. “My broker told me not to invest in it.”
8. “I like that XRP.”
We are so early.
Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100.
If they paid their bill the way we pay our taxes, it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay £1.
The sixth would pay £3.
The seventh would pay £7.
The eighth would pay £12.
The ninth would pay £18.
And the tenth man (the richest) would pay £59.
So, that’s what they decided to do.
The ten men drank in the bar every week and seemed quite happy with the arrangement until, one day, the owner caused them a little problem.
“Since you are all such good customers,” he said, “I’m going to reduce the cost of your weekly beer by £20.”
Drinks for the ten men would now cost just £80.
The group still wanted to pay their bill the way we pay our taxes.
So the first four men were unaffected.
They would still drink for free but what about the other six men?
The paying customers? How could they divide the £20 windfall so that everyone would get his fair share?
They realized that £20 divided by six is £3.33, but if they subtracted that from everybody’s share then not only would the first four men still be drinking for free but the fifth and sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fairer to reduce each man’s bill by a higher percentage.
They decided to follow the principle of the tax system they had been using and he proceeded to work out the amounts he suggested that each should now pay.
And so, the fifth man, like the first four, now paid nothing (a 100% saving).
The sixth man now paid £2 instead of £3 (a 33% saving).
The seventh man now paid £5 instead of £7 (a 28% saving).
The eighth man now paid £9 instead of £12 (a 25% saving).
The ninth man now paid £14 instead of £18 (a 22% saving).
And the tenth man now paid £49 instead of £59 (a 16% saving).
Each of the last six was better off than before with the first four continuing to drink for free.
But, once outside the bar, the men began to compare their savings. “I only got £1 out of the £20 saving,” declared the sixth man. He pointed to the tenth man, “but he got £10!“
“Yeah, that’s right,” exclaimed the fifth man. “I only saved a £1 too. It’s unfair that he got ten times more benefit than me!”
“That’s true!” shouted the seventh man. “Why should he get £10 back, when I only got £2? The wealthy get all the breaks!”
“Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!”
The nine men surrounded the tenth and beat him up.
The next week the tenth man didn’t show up for drinks, so the nine sat down and had their beers without him.
But when it came time to pay the bill, they discovered something important – they didn’t have enough money between all of them to pay for even half of the bill!
And that’s how it works.
Tax them too much, attack them for being wealthy and they just might not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible.
The McRib is back, November 11th
Gentleman, start your engines.
her: what are you thinking about
me thinking about how during the 10/10 crypto liquidation event some mysterious wallet got funded with 80-160 million USDC right before Trump's tariff post on China and then opened over a billion in shorts on BTC and ETH with perfect timing down to the minute and closed them at the exact bottom for 160-200 million profit which is impossible without insider info from Trump's circle since his family holds billions in WLFI tokens that dipped 25-30% but they bought back 1.4 million worth right after like they knew it was a setup to clean out leverage and then Binance and Bybit suddenly had "technical issues" freezing orders so traders couldn't close positions or buy the dip while the short whale executed flawlessly and at the same time oracles misfired prices causing stablecoins like USDE to de-peg to 0.65 only on Binance which triggered a cascade of unfair liquidations wiping 1.6 million accounts and 19-40 billion total but insurance funds barely budged and ADL kicked in clipping winners unevenly and market makers like Wintermute moved 700 million including 200 million BTC to Binance hours before like they were prepping the harvest and then data sites like Coinglass got hacked so no one could see the real numbers in real time and exchanges admitted to "system congestion" rejecting close orders with error codes -4118 -2022 -1008 while liquidations ran perfectly against retail and some positions got nuked 25x over even with low leverage because collateral was marked at bogus prints and then rumors spread of two massive trading firms going to zero forced to dump their entire top-100 token books in a fire sale amplifying the altcoin bloodbath down 50-80% in minutes and meanwhile the Chinese Loot Theory fits because Asia was sidelined all year by US narratives like ETFs that got delayed by the government shutdown so CZ launches Aster dex luring billions in OI from noobs right before Xi provokes Trump knowing it'd tank everything and loot the overleveraged longs waiting for SOL XRP DOGE ETFs that never came and then post-crash an invisible predator like a wounded whale or carcinogenic market maker keeps dumping majors into their own shorts suppressing recovery while crypto decouples from rising stocks just like FTX Alameda in 2022 dragging on for months disguised as a bear market and Binance might've orchestrated the whole thing by exploiting their own oracle vulnerabilities to de-peg USDE and cause the cascade specifically to take out Hyperliquid as a competitor but it backfired and now they're reviewing cases case-by-case promising comps benchmarked to midnight but only for that tiny depeg window ignoring the broader manipulation and the awful human cost of traders committing suicide the next day alongside hundreds of portfolios erased including funds that won't admit it publicly and the real winners were a handful of entities pocketing billions in zero-sum derivs while retail became collateral damage in a quiet war between giants and regulators never probe because it's all "just volatility" not negligence or coordination and the market's still acting weird with thin books and artificial pressure like someone's unwinding massive losses by selling non-existing BTC MtGox-style and no full logs or transparency ever gets published so it all smells like a highly coordinated harvest not a market event lmao what the fuck:
nothing babe
What if gold beats eth to 5k lol
FTX start repaying $5B tomorrow, If you have 1 BTC you ll get 30K, price in 2022, If you have 1 SOL, you get $30.
Me with Ethereum in FTX and still get full $3900, same price in 2022 :
Instead of calling the top every day maybe u should call your mother and tell her u love her
crazy how just 5yrs ago we were all locked down in our homes farming yield and trying to figure out wtf impermanent loss was
The biggest skill will always be walking away from the casino
If you can’t do it, it doesn’t matter how much you’ve made. You’ll always give it all back.
Being orange-pilled is waking up one day and finally noticing that every “success story” around you is just someone slightly higher up the debt chain.
Your neighbor’s “dream home” is a mortgage-shaped shackle with granite countertops.
Your coworker’s “promotion” is just a 10% raise with 30% more work and a smiley emoji from HR.
The guy at your gym brags about his “passive income” while his rental property bleeds cash and he’s one tenant away from foreclosure.
You watch your parents cut coupons at the same kitchen table they bought in 1989, their retirement “investments” rotting in a mutual fund that couldn’t outpace a Costco hot dog price chart.
You see the city repave the same pothole three times in six months and call it “infrastructure spending.”
And at some point, sitting in your car outside a gas station, staring at the pump while the price ticks up in 5-cent jumps, you finally get it...
Fiat is the scam, Bitcoin is the exit.
Last Seen Users on Sotwe
Most Popular Users
Elon Musk 
@elonmusk
241M followers
Barack Obama
@barackobama
119.2M followers
Cristiano Ronaldo
@cristiano
112.1M followers
Donald J. Trump
@realdonaldtrump
111.8M followers
Narendra Modi
@narendramodi
107.1M followers
Rihanna
@rihanna
98.1M followers
NASA
@nasa
92.2M followers
Justin Bieber
@justinbieber
91.3M followers
KATY PERRY
@katyperry
88.5M followers
Taylor Swift
@taylorswift13
82.4M followers
Lady Gaga
@ladygaga
73.9M followers
Virat Kohli
@imvkohli
71.2M followers
Kim Kardashian
@kimkardashian
70.2M followers
YouTube
@youtube
68.7M followers
Bill Gates
@billgates
64.4M followers
Neymar Jr
@neymarjr
64.1M followers
The Ellen Show
@theellenshow
62.4M followers
CNN
@cnn
61.8M followers
Selena Gomez
@selenagomez
61.6M followers
X
@x
60.8M followers