Deemon21

#Bitcoin

[Deemon21 @Deemon211]

@PrestonPysh BTC 001 with Breedlove changed everything for me. Thanks Preston. All the best.

[Deemon21 @Deemon211]

@dazbea Leave some for me

[Deemon21 @Deemon211]

@FossGregfoss @udiWertheimer @seanclarke911 Miss you Foss, get back on the air soon

[Deemon21 @Deemon211]

@dotkrueger @bitcoinarchive What an idiot

[Cam @camdoody]

As a VC whose job is to understand what’s coming in technology, I don’t believe anything is more important for my friends and family to understand than what I am about to say.

The hallmark of the first era of internet companies (2003-2023) was growth.

This era, it will be gross margin (via AI)

Companies will be able to dramatically reduce their COGS over the coming years, and prices will fall precipitously as companies compete.

But there is a clear and present danger to this.

Central banks everywhere will have far more purchasing power to take from the economy by printing money out of thin air and driving inflation.

Because of the massive productivity gains (gross margin) AI will create, Govt’s will accrue far more power than before while maintaining a 2% inflation target.

Which, to be clear, is simply sucking out all productivity gains of their economy, plus another 2% and directing it with full discretion. All while economic producers (us) struggle to outpace a depreciating standard of living.

“Technology reduces prices, which means the natural state of free markets is deflation. So anything that slows or stops this productivity from flowing to you in the form of lower prices is evidence of a crime.” -@JeffBooth paraphrased.

I believe in the advancement of technology. I believe it is inevitable, and I want to ensure it leads to human flourishing and abundance.

But it will either benefit the people, or those that control the money.

And that is why I believe bitcoin is important.

Learn about it. Read The Price of Tomorrow or The Bitcoin Standard. Listen to Preston Pysh, Lyn Alden or Robert Breedlove on podcasts.

If you’re close to understanding it but a little stuck. Let me spend an hour with you.

[Deemon21 @Deemon211]

@nic_carter Golden

[Deemon21 @Deemon211]

@BobLoukas Are you an Aussie Bob?

[Deemon21 @Deemon211]

@coryswan @dergigi Hi Cory, I am outside US, Australia specifically, can I use swan where I live?? Thanks

[Deemon21 @Deemon211]

@PeterMcCormack This is great! But baseball has almost no following in Australia.

[Peter McCormack 🏴‍☠️🇬🇧🇮🇪 @PeterMcCormack]

Fuck you Elon!