Jeff

Analyst. Investor.
Obsessed with learning, knowledge, and personal growth.
#bitcoin

[Jeff @Invest0rLee]

@crypto_king34 DONE

[Jeff @Invest0rLee]

First Person Shooter
Like That
We Don't Trust You
7 Minute Drill
All To Myself
Show of Hands
Champagne Moments
Push Ups
Taylor Made Freestyle
Like That Remix
Euphoria
6:16 in LA
Buried Alive Interlude Pt 2
Family Matters
Meet The Grahams
Not Like Us
BBL Drizzy
The Heart Pt 6

[Cole Walmsley @Cole_Walmsley]

Watch this magic trick.

You and your friend each have $50 in a $100 total supply of money.

You each have 50% of the money.

A big bad wolf comes in, creates $100, and gives it to themselves.

There is now $200 in the supply of money.

The big bad wolf has $100, you and your friend still have $50.

The big bad wolf owns 50% of the money, while you and your friend now own 25%.

Not a single dollar has been directly taken, but you have had half of your money stolen from you.

You used to have 50% of the money and now you have 25%, all because someone came in, printed a bunch of money, and didn't give it to you.

Magic.

Let me ask you...

Do you support the big bad wolf coming in, printing money, and stealing from you?

My guess is no.

Then why do you support central banks?

Look at the Federal Reserve, the central bank of the United States.

In 1959, there were 289 billion dollars in circulation.

In July of 2023, there were 20,902.7 billion dollars in circulation, which is a 7,127.77% increase in the supply of money, and an annual increase rate of 6.92%.

As we saw with the big bad wolf situation, whenever new money is created, it is placed somewhere. Somebody receives the new money.

Where does the central bank's new money go?

For every $100 the Federal Reserve creates, $56 goes to the top 1%, while $0.60 goes to the bottom 50%.

The top 1% of the country receives 93x more of the new money than the bottom 50%.

I wonder why there's a growing wealth gap?
As we saw with the big bad wolf, whoever receives the new money is at an advantage, while whoever doesn't receive the new money is having their money secretly stolen from them.

The money isn't taken out of their hands, but their money's value is robbed and placed where the new money goes.

The Federal Reserve creates new money at a rate of 6.92% every year.

Which means every year, money is being stolen from somebody and given to somebody else.

The evidence shows the central bank prints money and disproportionately gives it to the top 1%, stealing from most everybody else at a ratio of 93:1.

Unless you're in the elite 1%, this system sucks.

This system is called the fiat monetary system, where governments and central banks are granted a monopoly over money and given access to a limitless money printer.

They can create money whenever they want, and when they do, they steal from YOU and give it to whoever they want.

The new money creation is another word for inflation. The Federal Reserve *mandates* there to be a 2% rate of inflation every year. Which means the Federal Reserves *mandates* there to be a 2% rate of theft every year.

Disrespectfully,

F*ck that.

That system can burn in hell.

We NEED a solution.

The solution is to eliminate the ability for anybody to create money out of thin air.

We need some sort of monetary framework that eliminates that ability and secures a level playing field forever.

I have great news.

We have that monetary framework.

It exists as you read these words. We don't need to create it. It's already here.

Say hello to Bitcoin.

With Bitcoin, nobody can create new bitcoins, including governments (especially governments).

Bitcoin was founded on this idea.

This idea is protected by a globally dispersed computer network that does over 600 quintillion calculations per second.

Quintillion. Per second.

There will *never* be more than 21 million bitcoins in existence.

Death, and 21 million bitcoins. That's all I know for certain.

Do you wonder why Jamie Dimon, the CEO of JP Morgan, the biggest bank in the United States, hates #Bitcoin and wants nothing to do with it?

Maybe it's because it directly opposes the very system that has benefitted him to the tune of billions of dollars?

He doesn't give a sh*t about you or me. He doesn't give a sh*t that his system steals from you and me and gives to him.

Unfortunately for him, I give a sh*t.

I don't support his robbery. I don't support fiat's theft. I don't vote for the BS politicians propagating an evil system.

I vote for Bitcoin.

I receive worthless fiat money and dump as much of it as I can into Bitcoin.

I'm writing a book about Bitcoin and I write online about Bitcoin because all of humanity deserves to see the light.

The only politician I would vote for is one that advocates for the separation of money and state, and with it, the eradication of the fiat system.

I don't vote for fiat. I don't vote for evil.

I vote for Bitcoin.

[Jameson Lopp @lopp]

Military-industrial complex spends our money sowing death & destruction while our own infrastructure is crumbling.

Prison-industrial complex ruins innocent lives for committing victimless crimes and being too poor to navigate the legal system.

Agricultural-industrial complex keeps us addicted to fake food, paying off both government agencies and non-profits to recommend their poison as being part of a healthy diet.

Medical-pharmaceutical complex keeps us addicted to drugs that don't work well and often create a downward spiral of taking more drugs to deal with side effects.

Media-industrial complex keeps us distracted and fighting about pretty bullshit so that we don't dismantle the industrial complexes.

The crazy thing is that thanks to the information age we are now aware of what's happening and can discuss it. Yet we don't seem to be turning the ship away from the iceberg...

[Jeff @Invest0rLee]

@InnovaProShop How can I use my rewards points along with the F2 Friday code? When I enter the 2nd one, it deletes the first code. Can they not be combined in the same order?

[Troy Cross @thetrocro]

"In closing, bitcoin appears to provide a number of benefits across an ESG framework."

Terrific new report on bitcoin's ESG impacts by @BrianConsolvo for @KPMG. Share it widely.

https://t.co/jEqXSykqED

[Lyn Alden @LynAldenContact]

Over the long term, most money is clearly going digital.

The question is closed and permissioned (CBDCs) or open-source (Bitcoin and its competitors).

So when you look forward a couple decades, you need to err one way or the other. You can't realistically assume the status quo.

[SeedSigner @SeedSigner]

I wanted to think carefully and respectfully about how I responded. Snarkiness can feel good in the short term, but you can only win people's minds and hearts with logic and love.

[Lyn Alden @LynAldenContact]

Saying that bank deposits are money but bank reserves are not money, is kind of like saying food comes from the grocery store rather than the farm.

[Jeff @Invest0rLee]

@jack Interesting. How does this compare to @keet_io ?

[Stacy Herbert 🇸🇻🚀 @stacyherbert]

Strike expands Bitcoin payments to 65 countries, moves global headquarters to El Salvador

El Salvador is winning 🇸🇻🧢🚀 https://t.co/kHWZQHE7Pd

[Jason Maier @cjasonmaier]

I am thrilled to announce the publication of my book, A Progressive’s Case for Bitcoin

You can now buy the book on my website: https://t.co/MjYsMyJQBP

[Michael Saylor @saylor]

Even the @WEF is recognizing the environmental benefits of Bitcoin Mining.

[Joseph Wang @josephwang]

If you have 5 minutes:

I thought this exchange was pretty amazing.

Jon asks why the military cannot account for 850b in spending while soldiers are on food stamps, and the Deputy Secretary cannot answer and seems indignant at being asked.

https://t.co/q0B9hn7iD9

[Jeff @Invest0rLee]

Think about the implications of switching to a global reserve currency that is instead secured by electricity and math. Humanity wins.

[Lyn Alden @LynAldenContact]

When they try to raise rates and suck out liquidity too quickly when debts are this high, chaos ensues. Can't fight 1940s-style inflation with 1970s-style policy.

Going forward, the Fed can either damage the currency or damage the long tail of small and medium banks.

[Jeff @Invest0rLee]

@timevalueofbtc Hi Nik. Curious what you mean by "best relative freedom". Published a week ago, Heritage has us ranked 25th globally in economic freedom, while Cato/Fraser/Friedrich Naumann has us ranked 7th in economic freedom, 15th human freedom, & 24th personal freedom.

[Jeff @Invest0rLee]

@danheld Kraken > Coinbase. Much lower fees & been around longer. Reminder: Coinbase sells blockchain analytics data to government agencies (IRS, DEA, ICE). I wouldn't use an exchange that goes beyond the min. KYC/AML requirements to prioritize growth & profit at the expense of privacy.

[Lyn Alden @LynAldenContact]

I updated my Bitcoin energy article with full-year 2022 data and new case studies:
https://t.co/onZQHbLOrr

[Jeff @Invest0rLee]

@IamCryptoWolf Pre-PoS $ETH performance is no longer relevant. Imo, better to evaluate using Sept 15th 2022 merge date to present. $ETH down -15%. $BTC down -14.4%.