"Bitcoin isn't backed by anything."
Let me stop you right there.
Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.
Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.
The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.
The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.
Now let's talk about what is backed by nothing.
The dollar.
It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.
In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.
"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.
Follow if you're serious about building wealth they can't print away.
💯
Kraftunderskudd i Norge er stort sett en villet handling. Mislighold av magasindisponeringen.
På toppen jobber Statkraft aktivt med å svekke effektbalansen slik at prisene øker og samfunnet kan ikke elektrifiseres ytterligere.
TRANSLATION:
Big Energy and OPEC need more time to keep the strait closed while oil and LNG executives close more deals, and the WEF gets its manufactured inflation, recession, and distressed-asset-stripping crisis.
Once we’re done, we’ll announce the deal we already agreed to.
In the meantime, you deal with the inflation.
You will own nothing and be happy.
“Draining the swamp” meant draining the global middle class that doesn’t own the appreciating assets.
Meanwhile, you get distracted with left-versus-right politics, capitalism vs. communism, manufactured immigration, and fake wars on terror while we price you out of the markets.
You can pretend elections matter while the financial-industrial complex sets the policy and tells you when the strait will reopen through our insurers.
Go distract yourself at a Tommy Robinson rally and vent some frustration there.
It will make no difference, and we’ll use it to build your social credit score, pre-crime social media arrest data, and digital ID profile.
Bitcoiners need to pay very close attention to what’s happening at the development layer.
This is an open-source boardroom.
Accountability sits with those writing the code, maintaining it and those committing pull requests need to be watched carefully.
Don’t trust.
Verify.
And when those who allegedly visited Epstein island start trying to discredit investigations and get upset about certain articles, that’s when you pay even closer attention.
That’s why we run nodes and keep an eye on miners too.
The financial industrial complex have repeatedly tried to infiltrate and we have to always stay alert.
Great work on this article.
Looking forward to Part 3.
Ny dag der Norge igjen har høyeste strømpriser i Europa!
Kablene skulle øke prisene med 2-4 øre/kWh fra rundt 33 øre/kWh i følge kraftbransjen.
I dag betaler vi 30 øre/kWh mer enn Tyskland og mer enn dobbelt så mye som Sør-Sverige.
På tide at politikere kommer på banen og får regulert bruken av eksportkablene?
Brudd på konsesjonsvilkårene når en forespeilet 2-4 øre/kWh prissmitte i konsesjonssøknadene blir 60 øre/kWh? Kraftbløffen lever videre…
Venezuela Just Proved the Bitcoin Bull Case, And No One Is Paying Attention
Maduro used Tether to move 80% of Venezuela's oil revenue. Billions in sanctions evasion, settled on Tron since 2020.
Then the US made a phone call.
Tether froze the wallets.
Game over.
Everyone's focused on the arrest. The real story is the lesson every finance minister on earth just learned in real time:
Stable coins are a leash, not an escape.
If someone can freeze it, it isn't money. It doesn't solve sovereignty.
First principles:
USDT is dollar plumbing without SWIFT. Faster. Cheaper. Still has a CEO. Still has a compliance department. Still picks up when Washington calls.
This is why USDT adoption exploded, 71-year-old grandmothers in Caracas pay their HOA fees in tether now. But useful ≠ sovereign.
The entire value proposition for sanctions evasion just got publicly falsified.
Now do the game theory:
You're Iran. Russia. Any country hedging against dollar weaponization. You just watched Venezuela's "crypto solution" get shut off like a light switch.
Where do you put reserves now?
USDT? Compromised.
Yuan? Political strings.
Gold? Try settling $500M across borders in 10 minutes.
CBDCs? Same kill switch, government branding.
There's exactly one asset that clears final settlement without asking permission from anyone.
21 million units. No CEO. No freeze function. No phone number.
This is the ad Bitcoin never had to buy.
The most desperate, highest-stakes capital on earth just learned there's only one door.
Price doesn't reflect it yet.
It will.
Den store kraftbløffen fortsetter: kraftbransjen lovte lave priser i Norge når fornybar elektrisitet i Tyskland/UK produserte for fullt.
I stedet har vi fått priser på 80 øre/kWh selv når strømmen er tilnærmet gratis i Europa, som i går og i dag. Dette er en 45-50 øre/kWh økning, betydelig høyere en bløffen fra kraftbransjen om at de nye kablene bare ville gi en generell prissmitte på 2-4 øre/kWh.
Det produserers for fullt med fornybar elektrisitet i Europa nå og lav etterspørsel pga påsken! Prisen i Tyskland var i går negativ (!) 18 øre/kWh og i dag 3 øre/kWh.
Får vi dermed lave priser i Norge? Nei, @Statkraft har tømt magasinene til ekstremt lave nivåer og har dermed sørget for at Norge har Europas høyste strømpriser i går og i dag, med priser på rundt 80 øre/kWh - hele 25x høyere enn i Tyskland.
De nye kablene skulle bare gi 2-4 øre/kWh økning i strømpriser, hvilket dermed skulle øke fra rundt 30-35 øre/kWh til 32-39 øre/kWh.
I stedet har vi fått priser på 80 øre/kWh når strømmen er tilnærmet gratis i Europa.
Nå ønsker @StatkraftAS å bruke 6 mrd kroner på øke kunne tømme magasinene enda mer effektivt! Norske strømkunder vil bli belønnet med høyere priser!
I firmly believe what we are witnessing in the Middle East and the international fallout is the beginning of the end of the unipolar world we have lived in since WW2.
Bitcoin will get you a seat at the table wherever you find yourself when this all shakes out.