2012-2019 me: holding some #bitcoin just in case
2020-2021 me: self-custody, running node, sharing passion with friends and fam, reading everyday, giving nieces and nephews bitcoin for their B-days locked in cold storage for their future
In 2020 I learned #btc has already won
We are moving from a monetary system that unfairly transfers the productivity gains from technology to the rich and powerful through inflation, to one where the productivity gains will be shared by all.
The earlier you understand the implications, the better.
#Bitcoin
Ross Ulbricht's (@RealRossU) sentence is the greatest violation of the Eighth Amendment that I'm aware of in the United States today. The Eighth Amendment prohibits the federal government from exacting cruel and unusual punishment.
JR: "Imagine if bitcoin becomes the only money worth anything ... and everyone is like 'but I don't have any of it!' and your money is worth s**t, you got to get new money — bitcoin. And then there's only a finite number of bitcoins... so maybe there's no bitcoin for you"
Congratulations to the #Bitcoin community. This morning, by unanimous vote of 7-0, the Financial Accounting Standards Board (FASB) agreed to add a project to review Accounting for Exchange-Traded Digital Assets and Commodities.
MicroStrategy has a $205M term loan and needs to maintain $410M as collateral. $MSTR has 115,109 BTC that it can pledge. If the price of #BTC falls below $3,562 the company could post some other collateral. See slides 11-12 in Q1 2022 presentation. #HODL
https://t.co/9WHsIB6Usx
@dylanleclair It will be viewed in the future similarly to the way Marxist Soviet Economics is today. Data driven, has some good insights, but built on false premises.