Aaron Lieber

“Fix the money, fix the world.” ₿itcoin

[Aaron Lieber @LieberFilms]

This might be the most important 5 minute listen of your entire life. @PrestonPysh @Swan @samcallah @CitizenBitcoin @coryswan #Bitcoin

[Your Daily Cents @YourDailyCentss]

Can we just start a class action lawsuit against the US government? US Citizens v United States. Gross negligence in handling taxpayer funds would be a good start. Who’s in?

[Saifedean Ammous @saifedean]

This week's podcast episode is my full @DohaDebates on the nature of money with two MMT economists, @jasonhickel and @ptcherneva. This was a good one you don't want to miss!

[Aaron Lieber @LieberFilms]

@SawyerMerritt For everyone who couldn’t get the real thing

[Aaron Lieber @LieberFilms]

"When I say I can out-HODL the US government. I'm immune to the price." @americanhodl8

Five red weeks in a row. Lowest price since August.

Price only has power over you if your time horizon is short. Think in decades and this week gets very quiet.

[Aaron Lieber @LieberFilms]

Peter Schiff: six years in, Saylor sits at his own cost basis.

That's an average. Strategy's first coins cost about $11,650 in 2020; it bought above $90K this year too.

Cost basis is a dollar scoreboard. Strategy counts coins: 850,364, about 4% of all that will ever exist.

[Aaron Lieber @LieberFilms]

Spot bitcoin ETFs saw a net $1.28B walk out last week, per Farside.

Sounds big. Zoom out: since launching in January 2024, they've still taken in a net $55.6B.

Last week was about 2% of that. Tourists come and go. The base keeps getting built.

[Aaron Lieber @LieberFilms]

@woodhaus2 @DBurkland And it’s gone (discontinued)

[Ron Nehring @RonNehring]

I just bought a $1999 refrigerator.

It would have been about $1649 if not for the federal tariffs tax which I (not “South Korea”) paid.

I also paid $155 in sales tax.

Total cost $2154. Of which 25% is tariff tax and sales tax.

To pay for it, I had to earn $3,420 in gross salary, of which $1266 went to fed and state taxes.

So for $3,420 in labor I got a refrigerator worth $1,649 (48%).

52% went to the government in taxes.

[Aaron Lieber @LieberFilms]

Bitcoin slipped below $74,000 Sunday night, its lowest since August. More than $1B of leveraged crypto bets were liquidated in 24 hours, per CoinGlass data.

That's what borrowed money does in a drop.

Coins you own outright can't get margin-called. They just sit there.

[Aaron Lieber @LieberFilms]

Bitcoin, week in review:
- Binance proof of reserves: published
- Spot ETFs: -$1.28B
- Jobs report: +165k, jobless 4.1%
- Hashrate: 992 EH/s
- Price: -2.6%

Next up: CPI Tue, Fed minutes Nov 18.

Exchanges come and go. The rules stay the same.

[Aaron Lieber @LieberFilms]

The last fraction of a bitcoin is expected around 2140. After that, miners earn fees only.

No meeting. No vote. No surprise.

The schedule is the policy.

[Aaron Lieber @LieberFilms]

Every 10 minutes or so, new bitcoin is created.

How much, and for how long, was set in 2009. No committee has touched it since.

A quick tour of the issuance clock:

[Aaron Lieber @LieberFilms]

About 95.7% of all 21 million coins are already mined.

The next halving, to 1.5625 BTC per block, comes at block 1,050,000. That's about 75,000 blocks away, estimated around spring 2028.

[Luke Gromen @LukeGromen]

When a democratic nation where every person gets a vote follows a policy of "socialism for the rich but capitalism for the poor", the voters eventually vote themselves the same safety net that their elites got.

[Aaron Lieber @LieberFilms]

@LukeGromen They only bail out insiders sir, everyone here’s your $1400 check.

[Aaron Lieber @LieberFilms]

Jobs report this morning. Every month, a new number and a new round of guessing what the Fed does next.

Bitcoin's supply schedule has been public since 2009 and hasn't changed.

If you could change one thing about money, what would it be?

[Luke Gromen @LukeGromen]

Earlier this week, I sat down for a 90-minute conversation with my friend @JeffBooth. You can find a link to the discussion in the following post below.

[Aaron Lieber @LieberFilms]

This week's midterms flipped Congress, and bitcoin swung more than $2,000 in a few hours as the results came in.

Majorities change every two years. Policies change with them.

Bitcoin's 21 million cap has held through every election since 2009. That's the point.

[Aaron Lieber @LieberFilms]

New to bitcoin? Here's what "proof of reserves" means.

An exchange publishes evidence that it holds enough coins to cover customer balances, and lets you check that your balance is counted.

Useful. But the only coins you can fully verify are the ones you hold.