SacTown Bitcoiners

Spreading the word of #Bitcoin in NorCal and connecting with plebs. [email protected] - Meetup 🧡

[SacTown Bitcoiners @SactownBitcoin]

https://t.co/qIAdfev4tp

[SacTown Bitcoiners @SactownBitcoin]

Come join us for a pizza day celebration at the beautiful Turkovich Winery in Winters

[Paul @PJDEJOE]

As someone who has a master's degree in finance and a master's degree in accounting, had a tax practice, passed level 1 of the CFA exam, was a multiple time CFO, and angel investor, I had never learned or even thought of the two concepts that sent me down the Bitcoin rabbit hole.

Something different clicks for everyone on this thing but one of the things you can't unsee is that the people that this clicked for, who are often met with negative epithets, are from all different walks of life from all over the World have arrived at the same set of thruths independently.

For the most part, they're not cultists or psychopaths (some definitely), they just agree that math works, protocols with network effects are powerful, and something is broken. That's it.

They get a bad rap as well because they speak up when they see something wrong and courage is often met by those that don't have it by projecting unintelligence. I've definitely been that person more than most at times. Instead of saying I don't know I'll talk in circles, instead of admitting fault I'll blame others, instead of speaking up at the risk of looking dumb I look for support from the largest groupthink I can find. Add the topic of money, which we're not supposed to talk about, to those with a projecting propensity and you have a vacuum of intelligent discourse on the topic of Bitcoin.

But these truths that were independently arrived at by Bitcoiners are also so easily verifiable that it's become frustrating. It's frustrating when you run into people that still dismiss math and open source software that is easily verifiable after 16 years of predictability. If you're scoffing at that sentiment then you might not realize you're frustrating to people trying to explain to you what was concept 1 for me, how it affects our future and what exactly is broken which is:

WE. WILL. NEVER. STOP. PRINTING. MONEY.

That means your costs denominated in a currency with an ever increasing supply will go up FOREVER. @DOGE is not gonna save you. $36.2T in debt and $220T in unfunded liabilities is not going to be solved if we get rid of daylight savings time and work from home. Those liabilities will get paid but with printed money or higher inflation.

We're positively reinforced every day that there is nothing wrong with money when it gets us what we want and always has. And when you get good at getting money, nothing is broken. In fact it's the opposite for you if you're able to own assets that go up in value when money is continually created out of thin air.

Checking a money making ego at the door is definitely a prerequisite here if you've been good at the fiat game. Admitting you might have been wrong is also hard. I had to admit that my life was basically trying to stack accredidations for myself to signal that I was smarter than everyone else at finance and then doing everything I could to win at the fiat game where you keep score with how much money you have. So that's how I stumbled into Bitcoin. Trying to make more money. I had no idea we were in a debt spiral as a country and would still have no idea if I didn't go down this rabbit hole. I had to admit I was wrong and didn't understand money.

Concept 2 for me was related to concept 1 in that there is a long history of currencies that fail for the same reason: perpetual money creation that devalues your savings. If there are people that can make more, they will make more and that erodes a necessary property of money. This is the one situation where working harder is not the answer.

There are properties of money that must be maintained for something to even be considered money. That was an unlock for me. In all the time I spent playing the game I never once came across any books or study material that showed why and how money has to have and maintain certain properties or it can suddenly no longer be money. When you lose the properties of money and there is an alternative money that possesses these properties in superior form, as a species, we do the same exact thing each time. We move to the money available at the time that has the better properties of money. Because you have to.

So money printing and properties of money are the two concepts where I recommend starting if you've not dug in yet and are still dismissing Bitcoin. Verify for yourself whether or not we will stop printing money whether or not money has properties that must be upheld. Maybe I'm full of shit. Do the work to prove it. And yes it's still possible somehow that this thing goes to zero I just am not smart enough to show why and how but maybe you can. That would at least be a more interesting discourse than where we're at now.

Here's a chart on the properties of money from @Mister21st and an article on why money tends towards one with proof to check out in the meantime.
https://t.co/qzLagSGjB4

[SacTown Bitcoiners @SactownBitcoin]

@Nunyabuis21mill @AnnaAtlasBTC @cluborange @btc_cards The feeling is mutual! You and Steph are such integral parts of our Bitcoin community. Gotta keep the crazies together! 🤪🧡✊🏼

[₿itcoin₿iz ⚡ @bitcoinbiz_]

Throughout human history, it’s rare to see ordinary people celebrating as an asset reaches new all-time highs. Market peaks have traditionally favored the wealthy, not workers or professionals with limited savings or investment knowledge.

#Bitcoin has changed that. This is the paradigm shift: everyone—truly everyone—can benefit from the best asset and store of value humanity has ever created.

Congratulations, Bitcoiners. Together, we are winning.💪

[SacTown Bitcoiners @SactownBitcoin]

@bitcoinbiz_ @MDBitcoin @bitcoinrebel @michelleolipha1 @EchoesofBTC @x_imp0stor 🫶

[SacTown Bitcoiners @SactownBitcoin]

@AparicioCadiz @charliebilello Maybe too expensive?

[SacTown Bitcoiners @SactownBitcoin]

Can’t wait! We’re getting together at a bitcoin aligned winery in Winters. Come join the fun and raise a glass with some plebs who are bullish on humanity.

[SacTown Bitcoiners @SactownBitcoin]

@Nunyabuis21mill @BVBTC @1EastSideTony @btc_cards @BtcPins @BTC_Bernoulli @dusty_daemon @americanhodl8 🫶🧡🫶

[SacTown Bitcoiners @SactownBitcoin]

Meetup tonight in Sacramento!

Join me at Sactown Bitcoiners Monthly Meetup https://t.co/GDsiSVIDqh

[SacTown Bitcoiners @SactownBitcoin]

Meetup tomorrow night! Join us for Bitcoin, bites & beer!

Join me at Bitcoin Only Sactown Social https://t.co/defpgIzZPU

https://t.co/GB8EerJNS8

[SacTown Bitcoiners @SactownBitcoin]

@LordBitBert @julian_liniger @PacificBitcoin So happy you found us! xoxox

[SacTown Bitcoiners @SactownBitcoin]

Looking forward to seeing everyone tonight. Lots to talk about and a special guest. https://t.co/ihh2g00RQm

[SacTown Bitcoiners @SactownBitcoin]

@egg_descrambler absolutely disgraceful and in plain sight

[SacTown Bitcoiners @SactownBitcoin]

@grantgoode @GrantCardone do some research friend. we have provoked the conflict in Ukraine for years. Ukraine joining NATO is an existential threat to Russia, and a red line that should not be considered. Listen to Prof John Mearsheimer.

[SacTown Bitcoiners @SactownBitcoin]

@DowdEdward Bitcoin is the most effective and hopeful tool we have to fight this. The only reason the government is as large and corrupt as they are is because they control the money. Without the printer they control nothing.

[SacTown Bitcoiners @SactownBitcoin]

@RafiFarber short it and post the receipts or stfu

[SacTown Bitcoiners @SactownBitcoin]

@Crypto_Mags @KobeissiLetter amen!

[SacTown Bitcoiners @SactownBitcoin]

@leadlagreport blather.
not investment insight.
learn to curate your timeline by eliminating this nonsense.

[SacTown Bitcoiners @SactownBitcoin]

@leadlagreport most trad fi professionals know nothing about money. for them its about having a narrative, and sounding convincing so that people pay them to manage their savings. selling themselves is what they know. money not so much.