@saifedean Saif, this is a really effective thread! I appreciate how you distinguish the difference in the risk of keeping your coin on an exchange vs holding it in cold storage.
5/ This video highlights some of the similarities between how the general public felt about the Internet early on and the way they are reacting to Bitcoin today.
https://t.co/CFNpaVJ8ZD
@GVictoriaB The opportunity cost of spending Bitcoin is identical to spending fiat that you could have exchanged for Bitcoin but didn't.
I never regret spending Bitcoin; I do regret having held fiat for longer than I needed to. Which is why I simply stopped doing that.
“Everybody has to buy oil, but the US gets to press a button to print oil.” @JeffBooth has distilled the inequality of the petrodollar system into a single sentence. https://t.co/SEKYWjJ081
@pete_rizzo_ and @PeterMcCormack reminded me that Bitcoiners should think more about a reality where #BTC exists in conjunction with a fiat system and still makes the world a better place. Listen to more criticism and acknowledge imperfections. https://t.co/FnAMX3HBVt
$UST with $10B+ in $BTC reserves will open a new monetary era of the Bitcoin standard.
P2P electronic cash that is easier to spend and more attractive to hold #btc
There is so much packed into this piece and I highly recommend everyone ready it now as we digest what it means to possibly have to go to war of the circumstances in Ukraine escalate. Thanks @gladstein thanks @TheGuySwann for the audible presentation.
30% of WWI, 50% of WWII and 100% of the Korean War were paid for by taxes. 0% of Iraq and Afghanistan wars were paid for by taxes. Here are a few more pints that I really appreciate👇🏼 https://t.co/CsqAtYIkr5
The genius part of the Fiat system is how governments (likes the USA) have figured out how to borrow massive for war without causing a rise in interest rates (paraphrasing) @gladstein
Rather than spending time discussing how much energy #BTC consumes compared to other things, we Bitcoiners should spend a lot more time discussing why the consumption of energy is worthwhile. This is how we defeat the “#BTC is bad for the environment” narrative. @nlw knows this!