250 years ago, America declared independence from a distant power that taxed its people without their consent.
This week the US money supply surpassed $23 trillion. It took nearly 200 years to reach the first trillion. The last trillion took less than a year.
The great irony is that the modern money printer achieved what no king ever could... debasement without representation. A silent tax on every dollar earned and saved, levied without a single vote being cast.
The founders fought for financial sovereignty and somewhere along the way it was surrendered to a money that is constantly debased. This time a different revolution is required.
It does not need armies or declarations. It needs individuals choosing sound money until the printer no longer matters.
Bitcoin is that revolution.
@tedcruz I proudly stood in the way of your AI-data center amendment to the Big Beautiful Bill that would have given those companies immunity from the law. In fact, @mtgreenee and I got it stripped from the bill. Did your big tech cronies still let you cash their checks after you failed?
Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.
Imagine if I said to you "Earth is an uninhabitable place to live"
You look at me sideways and say "What?"
I reply "Planets are awful. Pluto/Uranus/Neptune, you'd freeze. Mercury, you'd burn. Venus, you'd be poisoned. Jupiter and Saturn, you'd be crushed. Mars: nothing to breath.
It's true. Most of the planets, including over 5700 exoplanets, are really really bad places to live.
But the conclusion that this means earth is uninhabitable is obviously a basic logic fail.
Now imagine someone tells you "Bitcoin is a scam"
Again, as someone who has used Bitcoin and understands how Bitcoin works, you say "What?"
They reply "Most crypto has gone to zero. VCs dump on retail. Memecoins are complete rugpulls. Pre-mined tokens, you get diluted to oblivian. ICOs, you're the exit-liquidity for founders and early investors.
It's true. Most of the thousands of cryptocurrencies launched since 2009 have been complete scams.
But again, the conclusion that this makes Bitcoin a scam is equally a basic logic 101 fail.
Earth is the only planet with a breathable atmosphere, the right temperature band, and liquid water.
Bitcoin is the only cryptocurrency with the combination of no insider enrichment, a fixed supply that nobody can change, and a 17-year unhacked decentralised ledger.
In both cases, some very special and unique features make the general rule inapplicable to the one obvious exception.
This logical fallacy has been around long enough to have a name. Aristotle spotted it about 2,300 years ago and called it the "Fallacy of Accident". You take a pattern that's generally true for a category and force it onto the one member where the evidence clearly shows it doesn't fit.
Other examples of the logic fail :
- No-one I know can run a sub 4-minute mile, therefore Hicham El Guerrouj can't run a four minute mile
- "Drugs are bad" so we should ban prescription medication
A few days ago, Ben McKenzie sat on Jon Stewart's podcast and committed the same logic-fail: citing crypto's failures as his evidence against Bitcoin.
He's not the only one to fail in this way. Paul Krugman, Elizabeth Warren, Jamie Dimon, Christine Lagarde all conflated Bitcoin with all crypto for years. Many journalists still fail to distinguish Bitcoin from all other crypto (though the better ones are starting to).
In fact, this fallacy has been deployed for years with impunity by people who either don't know, or forgot to mention, that Bitcoin has unique features making it materially different from all other crypto
The irony is that Bitcoiners and crypto-critics are on the same page: the rugpulls, the insider enrichment, the tokens engineered to extract value from retail investors are all things that Bitcoiners like @CorySwan and others have been vocally calling out for over a decade, long before category-conflating journalists and actors from teen dramas decided they had an opinion about it.
It's not that hard
Unless you have the attention-span of a gnat-fly, you can easily do 5 mins research (AI-assisted if you really want) and discover either what the core differences are between Earth and all other planets, between Bitcoin and all other crypto.
Earth is an incredibly, uniquely habitable planet for humans to live.
Bitcoin is an incredible, uniquely suitable form of currency for humans to use
@jonstewart I agree Jon, it'll blow someone's mind ... if its the size of a walnut.
For the rest of us, here's the data
Illicit activity from traditional currency: 2-5% of global GDP. (Source: UNODC 2026)
Illicit activity from crypto: 0.14% (Source: Chainalysis 2024)
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Lots of people are losing their shit because Trump called the Iranian leadership "crazy bastards" and said "praise be to Allah" on Easter Sunday
To me this doesn't bother me at all. Trump has always been unfiltered
However, what worries me greatly is the threat: "Tuesday will be Power Plant Day, and Bridge Day"
This is civilian infrastructure; causing civilian harm to achieve military objectives
That's not ok. I know the closure of the Strait of Hormuz is terrible for the global economy, putting Trump in a corner, but the solution is not causing harm to civilians, the same civilians Trump praised in January and promised to support during the protests
These threats constitute a crime under international humanitarian law:
Article 51: “The civilian population as such, as well as individual civilians, shall not be the object of attack.”
Article 48: "Parties shall at all times distinguish between the civilian population and combatants… and accordingly shall direct their operations only against military objectives.”
For the sake of the Iranian people, I urge Iran's leadership to accept some concessions to end the war soon, and I urge Trump not to deliver on his threats