Day 365, my last day, asking Tesla to accept Bitcoin again.
Long-time Tesla shareholder, Model Y owner, and Bitcoin advocate here.
@elonmusk has said Bitcoin is energy money — and that Tesla would resume BTC payments once mining hit ~50% clean energy.
We’re there.
@Square accepts Bitcoin for millions of merchants
@Tesla owns BTC
@SpaceX owns BTC
@X is working with El Salvador, where Bitcoin is legal tender
El Salvador buys 1 BTC per day, with help from @maxkeiser
So what’s the holdup?
If Tesla believes in:
Energy realism
Long-term thinking
A post-labor transition that still respects scarcity
Then accepting Bitcoin again isn’t symbolic — it’s consistent.
I own zero STRC. I have never owned any STRC. I prefer Bitcoin.
I have made posts about how economically stupid it is to buy STRC and use the dividends to buy Bitcoin. I still hold this opinion.
STRC is not a replacement for Bitcoin. STRC is riskier than self-custodied Bitcoin. You are accepting counterparty risk by owning STRC.
But if we somehow do not orange-pill the 640 million retirees in this world by next week, I would rather have them take their capital and buy STRC so it ultimately flows to Bitcoin.
They get an 11.5% yield in exchange for capital that goes to Bitcoin.
I would rather have them do this to A) have a better life with more income and B) stop funding the government deep-state pedophiles while getting paid one-third the amount.
I do not believe STRC is competing with capital that would otherwise be sitting on a Ledger wallet.
STRC is not my ideal. Bitcoin is my ideal.
But STRC can improve the quality of people’s lives on a relative basis, and I prefer that over the alternative if a guy who cannot properly use a McDonald’s self-order kiosk is not mentally equipped to self-custody his wealth in an asset that routinely drops 50%.
We need to be pragmatic.
The Bitcoin network is a little over $1 trillion.
The debt market is 300x that.
Some of that capital going to Bitcoin is a great incremental win for the network, and some lives can be improved instead of the alternative: living off 4% T-bills.
Hypothetically speaking, if the bond market were Trojan-horsed with STRC and it drove Bitcoin to $1 million, I think the positive network effects for Bitcoin would be staggering.
Stories matter. Narrative matters. Bitcoin at $1,000,000 draws a lot of eyeballs to the network.
We cannot let perfect continue to be the enemy of good.
If you are allergic to this level of nuance, please do some inner reflection.
@ChartsBtc Price in the middle literally means nothing. Finish the 4 year cycle. Which probably doesn't even apply anymore but you can't compare 4 years to 2 now. 🤷♂️
Peter is stupid and the people who follow him are stupid. Except he's smart cuz he gets way more air time being anti Bitcoin than he would if he just said it was the right thing. It's unfortunate cuz if he just embraced it he could help being about the world he wants but he's actually selfish and stupid and doesn't really want to make the world a better place he just wants to be idk what he wants even tbh.
Youd think after they took his bank he'd understand Bitcoins benefits but he doesn't. He needs btc to be relevant. We don't need Peter i blocked him years ago. Bitcoin would be better if no Bitcoiner ever talked to him again. Fuck Peter schiffs
@jonwillbanks
Idk how into sci Fi you are. But I like these books and they talked about countries a that are basically controlled by a company, like east India trade companies. Anyway sounds like what theil is thinking about.
They'll need a better currency than Argentina pesos tho.
Of course they can just use USD or BTC?
https://t.co/ORZre3Ur68
Important to stay calm and put your hints into perspective.
The market is close to ATH. An absolutely crazy AI rally just happened in semis.
$NVDA and $TSLA get caught in a little market selloff in the middle of a crazy bull run for AI stocks.
I don’t see any signals for a market reversal / end of rally, other than certain sectors are very high (Dram, semis outside NVDA).
Crypto ? Remember that 70-80% sell offs from highs are the normal. The fact that we are inky down 50% and there is so much resistance is also more bullish than not.
Crypto people fudded Bitcoin about an impossible quantum computer and what ended up being their demise was someone with no Zcash knowledge sending a single sentence prompt to Claude.