storm

🧐 learning out loud
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[Bitcoin B2B for Freedom @BTC_for_Freedom]

- You: "My stocks went up 10%."

- Government: "Congratulations! That's taxable."

- You: "But inflation was 8%. I only really gained 2%."

- Government: "We tax the full 10%."

- You: "You tax the inflation you created?"

- Government: "Capital gains are capital gains."

- You: "So you profit from debasing my money twice?"

- Government: "You're not an economist."

[storm @_chapterX_]

new howard marks memo 🐐

https://t.co/c8fow5dCqD

[storm @_chapterX_]

each time you speak up you strengthen yourself

[Cory Klippsten 🦢 Swan.com @CorySwan]

The US is not going to default. It is going to pay you back in dollars that buy a little less every year, quietly, for decades.

That is financial repression, not hyperinflation, and it's exactly where Bitcoin comes in. https://t.co/8lCOoh6qAj

[storm @_chapterX_]

"we tend to think about bitcoin as we would any other technology, when the more accurate mental model is to treat it as a network protocol" @LynAldenContact

https://t.co/hF6CBM8429

[Jeffrey Currie 🆔++ @CommodMkt]

Wake up, folks. Commodities are telling you something, and yesterday the Treasury confirmed it.

Scarcity in the physical world. Repression in the financial one.

Scarcity pushes prices up. Repression holds yields down. The gap between them is the debasement.

Commodities are the only asset class that wins on both sides.

The structural case for commodities has been turbo charged. Underinvestment, deglobalization and electrification all pushing markets like diesel cracks and copper to new highs.

Meanwhile the chokepoints are increasing, from Hormuz to the Red Sea, the Rhine, the Panama Canal, the Black Sea grain corridor and Russian refining capacity. It is becoming increasingly apparent that not a single one of those is reachable by anything in Washington's toolkit whether it be caused by war or weather.

The illusion of abundance is likely behind us. I said as much on CNBC this Monday, and I got long gold, silver and agriculture last week.

Ten points for you to consider. (1/11)

[Handre @Handre]

This 1min clip has changed the way I interact with people on a daily basis.

Enjoy.

[GB Politics @GBPolitcs]

🚨NEW: A message from YouTube to its content creators has been verified

It warns the UK government will force them to push legacy media outlets, like the BBC, ITV, and Channel 4, over independent commentators and journalists

[Decentra Suze @DecentraSuze]

Jeremy Grantham’s latest @CNBC comments are a perfect example of what happens when traditional finance tries to judge Bitcoin using an old framework.

Had these comments been about crypto, I would have nodded along. Much of that market has proved to be speculative and altcoin season is not coming back.

This was not a discussion about the crypto casino. He was speaking in front of a Bitcoin chart, while the segment drifted between 'crypto' and Bitcoin as though they were the same thing, which tells you how little precision sat behind the critique.

Bitcoin deserves a more serious discussion than recycled talking points about crooks, dividends and supermarket payments.

He called it a 'useless speculative mechanism' and said it would 'dwindle away' over decades, 'not with a bang but a whimper.'

He asked why people do not use it to buy dinner or pay at the supermarket.

Then came the line:

“What it does is allows crooks to move money around without leaving a trace.”

That is not dismissive… it’s wrong.

It is not a stock, a company, or a bond. It does not have earnings, dividends, cash flow, a management team, or a board of directors, because it was not designed to be valued like those things.

It is a decentralised monetary network with:

- no CEO
- no central bank
- no political control
- no bailouts
- no off switch
- a fixed 21 million supply that cannot be inflated on demand.

The 'without leaving a trace' claim really misunderstands the system.

Bitcoin is a public ledger and every base layer transaction is recorded. It is far more traceable than cash, which is why law enforcement, analytics firms and exchanges have spent years building tools around that transparency.

The 'people don’t buy dinner with it' argument is also wrong and lazy. Gold is not judged by how often it is used at the supermarket.

Bitcoin allows people to store and transfer value across borders, outside a system suffering from inflation, surveillance, debanking, capital controls and political discretion.

Then there is proof of work, which Grantham dismissed as 'proof of unnecessary work.'

That 'work' is what secures the network. It is what makes Bitcoin expensive to attack, impossible to rewrite and different from the thousands of tokens that can be changed, paused, printed or controlled by insiders.

That is a stock market framework being applied to an open monetary protocol.

Bitcoin has already survived bans, crashes, exchange failures, media attacks, regulatory assaults, energy panic, criminality narratives and repeated predictions of its death. That is not dwindling away.

Grantham is not watching Bitcoin disappear, he is watching the old framework fail to explain it.

So if the price worries you, remember what this actually is...

A 17 year old monetary network separating money from state and challenging some of the oldest assumptions in finance.

We are still early!

Full article:

https://t.co/k6lMUNK5n0

[Ronnie Stoeferle @RonStoeferle]

Probably the best quote when it comes to the current setup in gold/silver/miners:

“The only permanent truth in finance is that people will get bullish at the top and bearish at the bottom.”

James Grant

[storm @_chapterX_]

@saylor the fuck

[Jeffrey Currie 🆔++ @CommodMkt]

This is the Revenge of the Old Economy in real time.

A super cycle already underway before Hormuz closed.
Brent will break out. The security premium is not transitory.

Three drivers. Not fading. Intensifying.

Deglobalization. Electrification. Redistribution.

All three turbo-charged versus our 2020 super cycle call.

We are still in the bottom of the first inning. None of the imbalances have been resolved. They grow by the day.

Own the grains/softs. Own the metals. Own the molecules.

Remember, you cannot print molecules https://t.co/XQpR4p4HPL.

10/10

[storm @_chapterX_]

@theasewell05 @MaeveHalligan @BuckAngel ... fwiw. Happier than I have ever been post-transitioning. Sadly more scared than I have ever been too.

[storm @_chapterX_]

@theasewell05 @MaeveHalligan @BuckAngel Trans person here. Myself + every trans person I know find a lot that's being said very alien to our experience. It took deep introspection over many years to accept myself, 0 encouragement despite the signs, hard to get healthcare + wider world met my transness lukewarm at best.

[Ronnie Stoeferle @RonStoeferle]

"Dishonest money not only destroys capital, the saver and the economic calculation of entrepreneurs. It chiefly destroys the soul of a society. It begets a dishonest under-standing of risk which begets dishonest accounting, dishonest objectives, dishonest business endeavours, dishonest securities, a dishonest financial system and ultimately, a dishonest managerial class."

Tony Deden, "Gold: An Objective Look at Subjective Value"

[storm @_chapterX_]

"The real question is what gold preserves when dollars no longer tell the truth."

[🇦🇺Craig Tindale @ctindale]

https://t.co/o3BEMBSCwi

[calle @callebtc]

within a single generation we got

- 24/7 internet in our hands (smartphones)
- decentralized open-source money (bitcoin)
- general purpose AI for everyone (agents)

what a crazy time to be alive

[I_Am_The_Algo @I_Am_The_Algo]

Do not quit

I repeat do not quit

[storm @_chapterX_]

@PauloMacro Any said book recommendations?

[Psychedelic El ₿arto @PsychedelicBart]

2013: "Bitcoin is dead at $13"
2018: "Bitcoin is dead at $3k"
2022: "Bitcoin is dead at $16k"
2026: "Bitcoin is dead at $64k"

The funeral keeps getting more expensive to attend.