Antonio Paone

Don’t trust, verify. Wealth Advisor ⚡️

[Antonio Paone @Venser_pao]

@Xerk_MTGO Pm

[Antonio Paone @Venser_pao]

@NOVO_KoE @fireshoes @CrazyMorango_ @Claudio_Ke01 Vai solo tu

[Elon Musk @elonmusk]

True currency is steadfast friendship

[Antonio Paone @Venser_pao]

Few

[Saifedean Ammous @saifedean]

Value is not a physical thing

To all the people who think bitcoin can’t have value because it’s not tangible...

Tangible assets constitute the following percentage of the Mag7 market caps:

Nvidia: 0.66%
Apple: 1.38%
Tesla: 4.06%
Microsoft: 7.29%
Alphabet: 8.39%
Meta: 9.56%
Amazon: 16.28%
Combined weighted average: 5.79%

If you liquidated all of these companies’ physical assets, they wouldn’t amount to 6% of their valuation. There have been days in which the market caps of these companies have moved by more than the total value of their physical assets.

If 94% of the value of the most valuable companies on earth is non-physical, then value does not have to be physical.

If digital things have no value, then you should have no problem with giving me your computer to erase all the data from it. I will return your computer to you in the same exact physical form. I will just press a few buttons that remove all your data, photos, and contacts, and make it impossible for you to restore them. If value can only be tangible, then all of these digital things have no value, and you shouldn’t mind me deleting them as long as the devices return in their original state. I don’t think you would.

Technology, data, business knowledge, customer base, brands, and so much more are non-physical assets whose value likely exceeds that of all the planet’s physical objects and land. This is something most people understand in their daily lives, but because most people have no understanding of money, they do not understand how it applies to money, too.

Most people think their money is physical, but in reality, most fiat currencies today are 90%+ digital, and usually less than 10% of the supply is physical paper money. There are no stacks of dollars in your bank sitting in a box under your name, available for you to pick up at any time. A tiny fraction of the money is physical, and the rest is digital, manufactured in various quantities by your bank, government, central bank, and other pedophiles, in quantities based on pure vibes. People still give this non-physical fiat money value because it is the only money they can use with a bank account, since governments only license banks that use their local fiat shitcoin. There is no need for the money to be physical to work; digital fiat money works as well as physical fiat money; or as badly.

Bitcoin is an entirely digital money, but it is given value for far more intelligent and peaceful reasons than fiat money. You can read more about that in my books The Bitcoin Standard and The Fiat Standard, which you can buy from Amazon or https://t.co/Va3iL87Ups.

A common objection to bitcoin’s value is: “But if people stop believing in the value of bitcoin it can lose all value.” But that is true of everything. If people stop believing in the value of gold, it would lose value and just become another worthless rock. If people stop believing in the value of electronic devices then Apple and Nvidia go to zero. If people stop believing in the value of Manhattan, then all Manhattan real estate goes to zero. If people discover that tomatoes are poisonous, they stop believing in the value of tomatoes, and the entire planet’s tomato industry goes to zero. Just because something is physical does not guarantee its value, as we can see from the infinite amount of sand and rocks on our Earth left completely untouched by human hands. Physical things can be valueless and non-physical things can have value. Value and physicality are two independent things that are orthogonal to each other. You are doing yourself a disservice if you are unable to benefit from the world’s most advanced money and best saving technology because you are unable to see that value can be non-physical in this one instance, when you have no problem seeing it elsewhere.

[Antonio Paone @Venser_pao]

@del_pivo90 Shockland

[Antonio Paone @Venser_pao]

@TogoDogo @fireshoes Good job. Can I ask you how you sideboard vs prowess and momo? Thank you in advance

[Antonio Paone @Venser_pao]

@claytomation @NOVO_KoE Try to survive their combo and avoid overextending into sweepers

[Antonio Paone @Venser_pao]

Won a 32-player Sunday RCQ in Milan with Elementals 🏆

R1: UB Demons ❌🔥🔥
R2: 5c Cube Toolbox ❌❌
R3: Izzet Lessons 🔥🔥
R4: Jeskai Control 🔥🔥
R5: ID
Top 8:
Jeskai Control 🔥🔥
UB Demons 🔥🔥
5c Cube Toolbox 🔥🔥 (@NOVO_KoE GG!)

[Antonio Paone @Venser_pao]

@loliverjan @NOVO_KoE It’s good against control. It performs best against Lessons and other interactive decks that don’t run many creatures

[Antonio Paone @Venser_pao]

Going forward idk if the deck is worth. Maybe some interaction for torpor orb is needed and feel a bit low on cub and green.

See u in Turin and Prague!

@fireshoes for value 🙏🏼

[Antonio Paone @Venser_pao]

@NOVO_KoE @LamonacaEdoardo Quanto piangi, Edo taggato, io non me lo meritavo GG

[Antonio Paone @Venser_pao]

@MarcoWish_ @fireshoes 🐲🐲🐲

[Antonio Paone @Venser_pao]

@steve_hanke HFSP

[Elon Musk @elonmusk]

@zerohedge True.

That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.

[Saifedean Ammous @saifedean]

No, you did not miss the bitcoin train.

We are just getting started.

Just because bitcoin went up a lot does not mean it cannot go up a lot more. On the contrary, the more it goes up, the more it demonstrates product-market fit, the more likely it is to go up.

Bitcoin is different from stocks, bonds, and commodities because it has a much, much larger addressable market. Let's compare:

Apple's total addressable market is 8 billion people who can own an iphone and laptop. A lot of them already do, and a lot of them are too poor, so there's just not much more room for growth. Maybe Apple can increase by 5x, or 10x, but it would need to introduce new products that are wildly popular to do so, which is very difficult. Ultimately, an Apple stock is a claim on cashflow, and it is priced based on expectations of Apple cashflow, and it is not easy to continue to increase cashflow once you're a trillion dollar company.

But bitcoin is money, and its total addressable market is all of the planet's cash balances, which currently include something in the range of $100 Trillion in physical government cash and checking and saving bank accounts, plus ~$120 Trillion in government bonds, ~$22 Trillion in gold, and arguably, a chunk of the world's real estate and stock markets, which people are holding to beat inflation, and not to take risk in search of return. All in all, bitcoin's Total Addressable Market is in the range of $200-300 Trillion, which is about 100 times larger than what it is now. All of these assets are trash compared to bitcoin, and there is no reason for anyone intelligent to hold a significant position in them. Everything held in these assets has lost ~90% of its value against bitcoin in the last 5 years, and will likely keep losing another 90% every few years. The only things maintaining significant demand for these assets at this point are their holders' old age, intelligence deficiency, and susceptibility to government propaganda. They can continue to hold these assets as they decline, making them poorer, or they can shift to bitcoin and start getting richer. Either way, and regardless of what they do, the world's wealth is going to end up in the hard money, and not in the obsolete moneys of the twentieth century.

Bitcoin has no cashflow to price it. Most nocoiners think this makes it a ponzi, but that is only because they have never experienced real money, and only have as a frame of reference the hot potato trash fiat money which everyone smart tries to exchange for hard assets as soon as they can. They are incapable of understanding people demanding to hold money for its own sake, for its ability to hold value, and not for cashflow. This is how gold became the money of the world without generating any cash flow, and this is why bitcoin, which is infinitely better money than gold, is going to continue to monetize and grow.

Nonetheless, bitcoin's demand is highly variable, and with leverage, it will likely continue to be significantly volatile for the foreseeable future, so always keep in mind that it could decline significantly, and manage your position accordingly.

[Lyn Alden @LynAldenContact]

"Nothing stops this train" is not a cynical view at all.

It's an acknowledgement to not stress about what you cannot control and what is nearly inevitable, so that you may instead focus more constructively on things you can control and that can be changed.

[Antonio Paone @Venser_pao]

@steezy10_ ⚡️

[Antonio Paone @Venser_pao]

@toselluc 4

[Adam Back @adam3us]

with bitcoin the timechain drives the arrow of time with proof of work.

bitcoin not blockchain, rather timechain!

[Antonio Paone @Venser_pao]

@Atlas21IT @grok mi spieghi tutta la vicenda che si sta creando su bitcoin core?