Steele Nakamoto

#Bitcoin

[Davinci Jeremie @Davincij15]

If Bitcoin breaks $67,000 within 24 hours of this tweet, I will give 1 random follower who like and retweet this ONE whole #Bitcoin.

[Simply Bitcoin @SimplyBitcoin]

JUST IN: Comedian Dave Smith gives arguably one of the best speeches at the 2024 #Bitcoin conference in Nashville

[Proton @ProtonPrivacy]

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[Pierre Poilievre @PierrePoilievre]

Trudeau blames the world.

I call BS.

Here’s how he doubled housing costs and how I will fix what he broke.

[Steele Nakamoto @SteeleRich4]

@BritishHodl Hell yes!

[Steele Nakamoto @SteeleRich4]

@LayahHeilpern ❤️❤️❤️

[Steele Nakamoto @SteeleRich4]

@TheCryptoLark Be mindful that Germany by law had to sell... Now they should have a plan to re-acquire! We will see...

[Daniel Sempere Pico @dansemperepico]

I was sitting in my office at 5:15pm yesterday, almost ready to leave, when I had an idea.

Immediately, I picked up the phone and called my wife.

"Are you OK to do bath and bedtime with the girls on your own tonight?"

"Sure. Why, what's up?"

"Do you remember how I told you the German Government has been selling bitcoin?"

"Hmm...no."

"Remember I said they crashed the market and we're poor again?"

"Oh, yeah I do remember that"

"Well, I've just had a great idea for a bitcoin video meme.

I'm going to use the clip of H*tler getting angry at his generals and script it so that it looks like he's getting angry about Germany selling their bitcoin. It's topical so I have to get it out ASAP.

It's going to take me a few hours of work so I'll be home around 9pm"

"Ok sounds good--I'll see you later tonight."

We hung up the phone and I got to work. A few hours of scripting and making the captions, and the video was ready. I posted it, and headed down to my car to drive home.

I thought you guys would enjoy the meme but I did not expect all the amazing feedback and responses I received.

The video has so far done 5K likes and 550K impressions.

I put a lot of time and effort into writing and love the process, but it also feels incredible to know that it made you laugh.

Thank you to everyone who has watched, laughed, liked, retweeted, and replied.

It means a lot, especially when the work involves sacrificing precious family time.

I'm feeling very grateful for how supportive my wife is, and that I get to make stuff to post on this crazy app that you guys seem to enjoy.

I fucking love the internet, and I love you all.

THANK YOU 🧡🧡🧡🧡

[Steele Nakamoto @SteeleRich4]

@rajatsoni Do it!

[Bitcoin Magazine @BitcoinMagazine]

RT if you are HODLing through this #Bitcoin dip ✊

[Steele Nakamoto @SteeleRich4]

@TheBTCTherapist We are 98% BTC, if that makes you feel better... Riding the same wave buddy! What a champion!

[Rajat Soni, CFA @Rajatsoni]

Banks make the majority of their profits from interest

They earn interest by lending you something that doesn't exist in the first place

Banks spin up credit out of thin air and they give it to you to pay for things and they charge you interest for doing so

They intentionally keep interest rates low so that more people borrow money and they can make more interest by giving out more loans

So if you think about it, housing prices are going up because people can borrow money that they don't have upfront

These people buy as many houses as they can and pump up the price because they think they're making massive profits

When in reality, the bank is taking half of their profits, and these people are taking all of the risk of going bankrupt

The entire financial system is designed to keep the working class working by making everything more expensive over time

We use fake money today and almost everyone thinks it has value when it can actually be created out of thin air

Remember:

It takes the same amount of effort to create a $100 bill as it does to create a $1 bill

[Rajat Soni, CFA @Rajatsoni]

People think I'm posting negative things about real estate because I'm a doomsday kinda guy

But that's not true

I used to think real estate was an amazing investment

I was a realtor at one point

Then I started studying #Bitcoin   

When I was driving to my client meetings, I would listen to bitcoin podcasts

One of my greatest takeaways was that real estate wasn't widely used as an investment until central banking became a thing (in the early 1900s)

People used houses SOLELY for shelter because we used precious metals as money for the longest time

Precious metals hold their value, so we didn't need to use houses to store value for us

Precious metals were a great store of value because they were difficult to produce

But people stopped using precious metals because governments slowly transitioned them away

In 1933, the US government made gold ownership illegal in the US

In 1971, the US government severed the link between gold and US Dollars for the entire world

Governments got people used to using paper (fiat currencies or government-issued money) as money

The smart people figured out that they can't hold paper for a long time

They started buying stocks and real estate

Stocks and real estate are more difficult to produce more of than fiat, so they retain their value, while fiat currencies lose value over time

Real estate investing only really started after 15 and 30-year mortgages became a thing

This is when people started using houses as a store of value

Using housing as a store of value is one of the biggest contributors to the wealth gap we experience today

Banks discriminated against minorities and didn't allow them to take on loans because they lived in certain areas

Those minorities couldn't get loans to use the equity in their homes as liquidity, so they weren't able to take on opportunities as they came up

This was a way to transfer wealth AWAY from minorities

Even today we see the wealth gaps created by these decisions from banks

It has compounded over time

The only reason why this has happened is because we have been convinced to use pieces of paper and plastic as money

We accept paper, something that can be printed at will, for our hard work and effort

Banks can print this money and make the wealthy even wealthier

As more is printed, the value of what we save decreases

We have to work for it

While they can create it out of thin air

Fiat currencies are the biggest scam we fell for

They are used to extract wealth from savers and move it to the wealthiest people in society

The wealthiest people love stocks and real estate because stocks and real estate are what make them wealthy

But investments in real estate are funded with fake money printed out of thin air

You have to pay your landlord money that you worked hard for

But your landlord bought your house using money that was printed out of thin air

How is that fair?

If fiat currencies fail, real estate will very likely fail as an asset

Same with stocks

Precious metals can't take down fiat currencies because they are failed assets

They don't work in the digital economy

Bitcoin will be the reason for fiat currencies failing

Bitcoin is specifically designed to work as money in the digital economy

Study Bitcoin and prepare accordingly

[Mike Alfred @mikealfred]

The simple but unpopular truth is that getting wealthy is largely a formula which involves discipline and endurance.

It turns out that most people have neither and consequently most people are not wealthy.

[Rajat Soni, CFA @Rajatsoni]

Governments use social unrest to steal from us

They intentionally divide us and control us

And we are all falling for it

Let me explain:

(THREAD 👇)

[Rajat Soni, CFA @Rajatsoni]

The cost of living will rise forever.

But why?

There's a very simple explanation:

The amount of money chasing the number of goods available to be consumed is rising.

Let me give you a simple example:

Year 1: you have 100 apples and $100 in the economy, the price of an apple should be $1.

Let's say because of technological innovation we can produce 110 apples in year 2.

The supply of apples has gone up but the amount of money chasing those apples stays the same.

The price *should* decrease to ~$0.91.

What happens if the amount of currency in the economy increases faster than the number of apples?

What if apple production can't keep up with money production?

Year 2: 110 apples, $120 in the economy. The price of apples rises to $1.09.

I know this is overly simplified and there are a lot more factors to consider.

But as the amount of money in proportion to the number of goods increases, we see prices rise.

When the US government borrows trillions of dollars, what is that money being used for?

If it's not spent on investing in production, PRICES WILL RISE.

Maybe we won't see the impact in the short term, but over the long term, this results in a decrease in purchasing power.

The same amount of money can buy fewer goods because there are more units of currency than goods in the economy.

We are seeing this happen in real-time!

Apples haven't gone from $1/pound to $1.09 per pound.

They've risen 3-5x.

I remember when apples were $0.79/pound and now I see them at $2.49-$2.99/pound.

Today, there are so many ways that money enters the economy, and this wouldn't be a problem if it were used as an investment to increase the quality/quantity of goods.

But it's not.

Instead of being invested, the new money is being used to incentivize a DECREASE in production.

Governments incentivize citizens to STOP BEING PRODUCTIVE!

Social security exists to incentivize retirement (a period where people spend but don't produce).

Tax benefits on real estate are used to incentivize purchasing homes to make money (instead of producing other goods and services).

Billions are spent on the military and this spending leads to death and destruction instead of prosperity (taking away labor from production of goods and services).

This is why your cost of living constantly goes up.

For every action, there will always be an equal and opposite reaction.

When one group gets to make decisions and take action without putting in the work required to make it happen, someone else has to work twice as hard to do the required work.

Instead of teaching kids how to invest, governments offer free money to retirees.

By the time Millennials and Gen Z are supposed to receive social security, the benefits will be worthless because all of the value will have been extracted already.

When real estate investors are told to buy homes because of tax benefits, the supply of homes in the economy for people who want to buy them to live in decreases.

When the military receives billions of dollars to train members on how to kill others, those members are NOT producing actual goods and services that society needs.

All of these resources (labor, raw materials, goods, and services) are taken away from other parts of the economy.

Since you can't print resources but demand is essentially unlimited (as population grows so does demand), prices have nowhere to go but UP.

Instead of investing in the future, governments incentivize spending and then promise to pick up the slack for people at an older age.

Governments get to print the money we use today.

They will print forever.

Prices will rise forever.

You must either defend what they do and learn to deal with the consequences, or you can do something about it.

"But I have no control over this!"

STUDY BITCOIN.

The supply of everything else can increase, but there will never be more than 21 million Bitcoin.

Prices will always fall when you save in Bitcoin!

[Elon Musk @elonmusk]

I doubt that the people of Australia agree with suppressing their rights

[Dr. Simone Gold @drsimonegold]

Pfizer whistleblower, @MelissaMcAtee92, has released a video noting that she is NOT suicidal.

Why would she feel the need to post such a video?

We all know why.

Please REPOST and show your support for Melissa!

[🇦🇺Luke Mikic- The 9-5 Escape Artist🇵🇪 @LukeMikic21]

🇦🇷Swapping $500 of Bitcoin for Argentinian Pesos in Buenos Aires today.

❌No KYC
❌No predatory fees
❌No FBI interrogation

You can live on a Bitcoin standard outside of the fiat system today. ⚡️

[Bitcoin Magazine @BitcoinMagazine]

This is one of the best advertisements for #Bitcoin you'll ever see 🔥