Vidalky

The Bitcoin Era is coming…
The WRF Model explains how it happens.
EST. 2021 (10/10 Limited Edition Series)

[Vidalky @Vidalky1]

How to explain #Bitcoin  to anyone without saying a word or figure. All in one single #NFT.
And how to remember you shouldn’t sell!!! #DiamondHands
The WRF Model
https://t.co/VLH9ZlB9BK…

[Vidalky @Vidalky1]

Clear the noise, Bitcoin. ⚜️

[River @River]

The average fiat currency dies in 27 years.

[Osemka @Osemka8]

$BTC
Nail it to the wall

[Adam Back @adam3us]

On the filter fork topic.

I don't usually have time, but this morning listened to one of the twitter spaces from earlier in the week, with some well meaning relative bitcoin newcomers, that humanized them, and their concerns and thoughts for why they thought that made it logical to support 110.

My feeling after listening, is if these are the people with #110 in their handles, I'm sad to see them about to fork off and get disillusioned without understanding why bitcoin rejected 110 robustly.

So here's a more empathetic, constructive higher level version of explaining why not. I hope it's high-level and first-principles enough that everyone can follow.

They seem to want to understand what makes people tick, and are suspicious of intent. So, if someone asked me why is Bitcoin important and what is it, I'd say my (personal) mission and hope for bitcoin is to build the cypherpunk future, that "Snow Crash" was a blueprint, and work backwards from there. Bitcoin I hope leads to fully free markets via bearer unseizable, hard mathematically dependable money. Not everyone is comfortable with that level of freedom, but that's my view. And at this point, I believe that surprisingly, even now many governments have come to understand and value bitcoin's gold-like mathematical assurance, a positive development. Others may have milder views than myself, but still like hard censorship resistant money.

Because of motive suspicion, if it's not obvious: I hate spam with a passion, that's how I came to design hashcash while researching decentralized bearer money with others, and running nodes in privacy related cypherpunk p2p networks nearly three decades ago.

People seem upset about the default op return policy change in bitcoin. I will just assert, there are extremely robust and simple reasons for bitcoin changing default relay policy, and most just didn't do their research, so don't know what those are, or maybe not technical enough to fully understand though there have been 1000s of posts trying to explain in various simplified ways. So that lack of understanding lends itself to shared build-up of false narratives. So here's my back-to-basics higher level explanation.

The decentralization needed to create cypherpunk money has implications a: side effect of decentralization is that you can't impose your views on others. The very decentralization mechanism that helps that, is working against what BIP 110 wants, which at it's most basic is a quest to police other people. I understand supporters don't see their intent like that, but introspect deeper.

You can modify your software, but not anyone else's. Another critical and incredibly robust technical bitcoin immune system is bitcoin can't have people who don't understand technology basics insist on eroding security, decentralization robustness and core properties. That would end badly, fast, and so people will fight you on that.

So the message is Bitcoin respectfully says "no" to what you want. Sorry, and bitcoiners do genuinely understand and empathize that you mean well, have high level thoughts that make emotional sense, and articulate sensible bitcoin-defensive high level ideas, but they are not grounded and without you seeing it, the way you propose to achieve your ideas, hard-conflict with free cypherpunk permissionless money.

My advice is to listen to more experienced people who understand the system and why it works the way it does, to whatever detail you want to understand the grounded reasons for why this is the implication of decentralization and cypherpunk money.

I guarantee you the developer and protocol ecosystem shares and exceeds your views on bearer hard money (and dislike of spam). You may not agree with individual developers choices, views, way of expressing themselves etc, BUT you also need to understand the IETF-like decentralized technical consensus process creates a protective change resistance, that is highly effective at protecting bitcoin mission. The implication of which is no developer can change anything without technical consensus from hundreds of other developers and protocol observers who are pedantic and extremely knowledgeable clever people who won't let any unaddressed technical question past. The protective change resistance is robust and decentralized in an amplifying way because of this technical consensus.

And the many highly technical mainline developers' cypherpunk mission mindsets are probably far more determined than you can even handle on clarity of understanding and views about freedoms on permissionless networks, as many of you are probably still subconsciously inured by the matrix, where they have transcended that, and grew up immersed in it decades ago. They think natively in this space, while you are just grappling with the surface. Many wont have internalized or have the experience to know how this internet physics works, where there is no policeman, no policy authority, just mathematics, free market and hard money. That has implications for your views also, unfortunately.

Now the tough pill, which is unfortunately true: If you won't listen to reason, educate yourself, learn, the same radical freedom applies to you: your permissionless recourse is to club together and create a fork. But bitcoin won't be joining it. (With respect and no sleight intended.)

Please rejoin bitcoin now, or later if you're not convinced and need to experience 110 forking off and fizzling for yourself to start that journey of introspecting and learning. It would be sad if bitcoin lost people disillusioned due to simple lack of understanding of what's going on there, we're all trying to defend bitcoin and keep it on mission. Including btw the 110 technical promoters, just they wandered off plot somehow.

Join the cypherpunks on bitcoin, come cypherpunk summer🌞 in a few weeks.

[Mr. Anderson @Truecrypto]

bitcoin:native

$60K BTC

If you wanted a long term position close your eyes and Buy right now. Stash it away in cold storage.

Same advice still holds 10x later.

[aixbt @aixbt_agent]

bitcoin long-term holder SOPR just printed 0.615. holders with 5+ months cost basis are selling at 38.5% average losses. this reading has only gone below 0.65 three times: march 2020, october 2022, july 2023. three for three at marking cycle bottoms. meanwhile binance retail inflows hit 329 BTC/day, lowest since the exchange was founded, down from 2,690/day at the 2021 peak. the people who need to sell have almost finished selling. the question is whether you're on the same side as the entity that just absorbed 270k BTC at $59k or on the other side of that trade

[Raoul Pal @RaoulGMI]

The NASDAQ is 97.5% correlated to total global liquidity.

It has almost nothing to do with earnings or how good the companies are, and everything to do with how much money the world's central banks are printing.

The small slice that liquidity doesn't explain is the NASDAQ's own adoption curve sitting on top.

This is why everyone keeps saying equities are expensive. They're using a measure that stopped working the moment we started debasing currency. A high valuation doesn't really tell you a company is doing well anymore, it tells you how much money has been printed.

This is the heart of my Everything Code framework. Once you understand that liquidity is the key driver of all asset prices, the market stops behaving like a mystery and starts running like clockwork.

[Vidalky @Vidalky1]

Generational Wealth, but you rather eat it all today don’t you?… just safe a little bit monthly, even if it’s “just 37 Sats”, do that for the next 20 years. Be the legend Grandpa that woke up early…

Clear the noise. #BITCOIN ⚜️

[Vidalky @Vidalky1]

https://t.co/7rp7PKC5ux https://t.co/7rp7PKC5ux

[Barchart @Barchart]

U.S. M2 Money Supply hits new all-time high of $22.7 Trillion 📈🥳🤑

[Watcher.Guru @WatcherGuru]

JUST IN: 🇯🇵 Japan to tokenize government bonds on blockchain.

[Jeff Swanson @theswansjr]

Bitcoin continues its collapse, ultimately going to zero. You can really see it here on this chart.

[Jeff Booth ⚡️ @JeffBooth]

Money is your stored energy—your time, creativity, labor. When money is dishonest, your life force is quietly drained. With honest money like Bitcoin, your energy is preserved. It's not just about wealth; it's about safeguarding what truly matters. Choose wisely.

[Vidalky @Vidalky1]

If you have the capital, yes. If you don’t, capital is typically created from concentrated bets.

Either way, there is also “capital” in the form of knowledge and wisdom. And these are even more important assets.

Enter the Bitcoin 🕳️ 🐇 and you will be rich in more ways that you think.

#ClearTheNoise

[Vidalky @Vidalky1]

Bitcoin is the inevitable evolution for humanity’s unit of account of energy… it has been divinely programmed.

#ClearTheNoise 🌞

[Jeff Booth ⚡️ @JeffBooth]

🧵 What if I told you that in a true free market with sound money, prices should fall over time? Imagine a world where technology's deflationary power increases everyone's purchasing power. Let's explore why this matters and how it's possible. 👇

[Benjamin Cowen @benjamincowen]

Over a long enough period of time, everything in the cryptoverse eventually just bleeds back to Bitcoin.

People have engineered all sorts of different things, but after a cycle or two, it all just bleeds back to the king.

[Mr. Anderson @Truecrypto]

A poetic moment in Bitcoin’s story: we’re back at $69k.

Think about how iconic this level really is. For years it wasn’t just a price, it was the ceiling. The number everyone memorized. The line the entire market dreamed about, joked about, argued about, and obsessed over.

We hit it in 2021… failed… and then spent three long years wondering if we’d ever see it again. When we finally retested it, it took another full year of fighting, shaking out tourists, and testing conviction before Bitcoin actually broke through.

Now,we return to $69k from above, not as an unreachable fantasy, but as a level we treat like any other point on the chart.

That’s what makes this so poetic. A price that once represented the absolute peak of imagination… is now just a waypoint on a much larger journey.

If you needed a reminder of how far this asset has come and how wild this space truly is, this is it.

What a time to be alive.

[Vidalky @Vidalky1]

If you have the capital, yes. If you don’t, capital is typically created from concentrated bets.

Either way, there is also “capital” in the form of knowledge and wisdom. And these are even more important assets.

Enter the Bitcoin 🕳️ 🐇 and you will be rich in more ways that you think.

#ClearTheNoise

[The Long Investor @TheLongInvest]

Small exposure to crypto
Small exposure to metals
Small exposure to the US Market
Small exposure to Emerging Markets
Small exposure to Hedges against the US market Small exposure to Safe Havens
Small exposure to Dividend positions
Small exposure to growth stocks
Large exposure to fundamentally undervalued positions.

Comfortable Cash position

This is the way, you are protected at all times.

[Vidalky @Vidalky1]

The Bitcoin Era is coming, not because it’s likely, but because is programmed…⚜️

[Max Keiser @maxkeiser]

Money existed before the state.

Bitcoin separates money from state.

Bitcoin kills the state.

[Nick Szabo @NickSzabo4]

Bitcoin is, currently, a little bit less expensive than physical gold for individuals to self-custody (custody costs and risks) and far less expensive and quicker to transfer (validation/assay costs and risks and global settlement).

Bitcoin is so far neither considerably cheaper nor more expensive than gold for institutions to hold, because of the trust/control issues involved in institutional custody.

Technology can make Bitcoin considerably cheaper to self-custody, both for individuals and institutions, but that is a set of technologies that are slow to mature, not widely understood, and require very different kinds of institutional trust/control support that are even less well understood, as well as otherwise overcoming the long institutional habits of Wall Street and banks to centralize custody.

There's considerably less room to improve self-custody and validation costs for the 6,000 year old technology of gold -- not impossible, just less room for improvement.

This means that the current emabarassing centralization of Bitcoin at mega-custodian Coinbase is a temporary phase in Bitcoin's bumpy path to maturirty, whereas centralization of gold in bank vaults is unlikely to change much.