Jony

Don’t trust, verify | Bitcoin Maxi | Yoga Student | Brand Director at a Fortune 50 | Node Runner | HBS ExEd

[Jony @jonyclapes]

Humanity will blossom under a #Bitcoin standard.

The next generations will look back at this century as the dark ages, where people worked for money that governments printed out of thin air, that needed to ask permission to use their money and send value across the world while being slaved by debt working zombie jobs.

Where corporations chase the next quarter profit at the expense of quality in products in order to “create” value for shareholders.

#Bitcoin will enable a new renaissance of epic proportions. Imagine a world where trade is frictionless, where you can stream money 24/7 everywhere in the world and the supply can’t be tampered with.

Hopefully we can experience this in our lifetimes. ⚡️🙏🏼

[SightBringer @_The_Prophet__]

⚡️August 15, 1971. The Nixon Shock.

Mainstream version:

Nixon “temporarily suspended” dollar convertibility into gold because speculators were attacking the dollar and the Bretton Woods system needed adjustment.

Real version:

the United States defaulted on the monetary promise underlying the postwar global order, then renamed the default a policy adjustment.

That is the event the mainstream still does not metabolize.

The U.S. had promised foreign governments they could redeem dollars for gold at $35 an ounce.

But America had issued more dollar claims than it could honor in gold. Vietnam, welfare-state expansion, global military commitments, domestic spending, and reserve-currency privilege stretched the system past its backing.

Foreign holders saw the mismatch and started demanding gold.

Nixon closed the gold window.

That was not a technical adjustment. That was the empire refusing redemption.

The phrase “temporary suspension” was the spell. It made a structural default sound like administrative prudence. The suspension became permanent. The world moved onto fiat rails. The dollar survived because the U.S. still had military power, energy-system leverage, financial depth, institutional momentum, and no immediate replacement.

The mainstream frames 1971 as modernization.

The real event was the birth of managed debasement as the operating system of global finance.

After 1971, money became explicitly political. No hard settlement constraint. No external redemption discipline. No final anchor outside state discretion. The system shifted from “trust but redeem” to “trust because there is no alternative.”

That changed everything:

Asset inflation became structurally easier.

Debt expansion became the main growth engine.

Financialization exploded.

Labor’s share weakened over time.

Real assets became long-term escape vehicles.

Gold became a political memory.

Bitcoin eventually becomes the digital answer to the broken promise.

The deepest truth:

1971 was the moment the old monetary contract died and the public was told it had been upgraded.

That is the event.

Not ancient enough to feel mythic.

Not dramatic enough to look like a battlefield.

But probably one of the most consequential breaks in modern history.

[Magoo PhD @HodlMagoo]

Once you realize that slavery was never about owning a person but about owning the fruits of their labor, you will understand why #Bitcoin was created.

[Jony @jonyclapes]

@LynAldenContact INTJ music 😉

[Jony @jonyclapes]

@CepnikMaciej Se puede mandar a cualquier cuenta o solo a una cuenta con tu nombre?

[SightBringer @_The_Prophet__]

⚡️Bitcoin is the first asset in modern history whose main product is refusing to die.

That is why Hal Finney’s line is so powerful.

He saw the actual mechanism before almost anyone else.

Bitcoin does not become valuable because someone promises yield, growth, dividends, guidance, or political backing.

Bitcoin becomes valuable because it keeps surviving every attempt to dismiss, ban, corrupt, fork, ridicule, financialize, and bury it.

Every day it survives, the world has to quietly update.

At $0.01, the bet was “this is probably a toy.”

At $15, the bet was “maybe this survives among weirdos.”

At $1,000, the bet was “maybe this becomes a speculative asset.”

At $20,000, the bet was “maybe this becomes digital gold.”

At $60,000+, the bet became “maybe this is a permanent monetary rail.”

The price is just the visible surface of that probability update.

Bitcoin’s real chart is not price. It is death probability collapsing over time.

That is what skeptics still do not understand.

They think Bitcoin has to keep proving itself with new arguments. It doesn’t. Time is the argument. Blocks are the argument. Halvings are the argument. Failed bans are the argument. Exchange collapses that fail to kill it are the argument. Bear markets that fail to erase it are the argument. Governments regulating it instead of destroying it are the argument. BlackRock packaging it is the argument. States discussing reserves are the argument.

Bitcoin wins by making disbelief more expensive each year.

The real genius of Bitcoin is that it turned survival into compounding credibility. Most assets need management teams to execute. Bitcoin needs the network to keep producing blocks and refusing invalid rules. That sounds simple, but simple is the point. It is a machine that converts time, energy, and consensus into monetary credibility.

Fiat credibility decays because humans keep modifying the promise.

Bitcoin credibility compounds because the promise keeps refusing modification.

That is the entire civilizational split.

Every fiat system eventually asks for trust again. Trust us through this emergency. Trust us through this deficit. Trust us through this war. Trust us through this bailout. Trust us through this inflation. Trust us through this temporary measure. Trust us through this debt spiral.

Bitcoin says: verify.

That is why it terrifies the old system. It exposes money as a credibility game and then offers a version where the rules do not need a priesthood.

The hardest truth: Bitcoin is no longer trying to become legitimate. Legitimacy is slowly being forced to route through Bitcoin.

That does not mean the path is clean. There will be crashes, confiscation attempts, custody failures, regulation, taxation, ETF paper games, political attacks, quantum fear cycles, and stupid leverage blowups. None of that changes the core. Those are stress tests.

The longer Bitcoin survives the stress tests, the more absurd the zero case becomes.

The zero case was plausible in 2010.

It is now mostly a psychological defense mechanism for people who missed the compounding of monetary credibility in real time.

Bitcoin is not just an asset anymore. It is a running referendum on whether trust in code-backed scarcity can outlast trust in political restraint.

And the answer keeps getting clearer.

Every block says the same thing:

The promise held again.

[Jeff Swanson @theswansjr]

"Bitcoin isn't backed by anything."
Let me stop you right there.

Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.

Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.

The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.

The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.

Now let's talk about what is backed by nothing.
The dollar.

It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.

In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.

"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.

Follow if you're serious about building wealth they can't print away.

[Strike @Strike]

Everybody wants to buy the dip until it’s time to buy the dip.

Your future self is counting on your current self to do the hard things today.

It’s either going to zero or going up forever. Act accordingly.

[Quinten | 048.eth @QuintenFrancois]

Funny how Bitcoin is doing exactly what it does every 4 years

And people act surprised and angry

[Merlijn The Trader @MerlijnTrader]

$24,000,000,000,000 IN US BANKING ASSETS IS WATCHING ONE CEO LOSE HIS COMPOSURE.

🇺🇸 JPMorgan CEO Jamie Dimon today:
"He's full of shit."
"If he wants to be a bank, be a bank."
"We'll fight it. If we lose, we lose, and we'll live."

The target: Coinbase CEO Brian Armstrong.
The fight: CLARITY Act stablecoin yield rules.
The Senate Banking Committee already advanced it 15-9.

The largest US bank just confirmed publicly: they're losing the framework war.

Trillions follow the rules.
The rules just got written without them.

[Mark Jeffrey @markjeffrey]

Taxi is unhappy with Uber

[Jony @jonyclapes]

@BBVA_Mex Esa nueva aplicación está infame. Quien aprobó ese diseño 🤣

[Mr. Anderson @Truecrypto]

Bitcoin is doing it again.

Not the fun part yet. The part where it gets everyone doubting the whole thing before the next cycle can really begin.

People forget how this asset works. It does not just go up because “halving.” That is the kindergarten version. The real engine is fixed supply meeting human emotion. There will only ever be 21 million coins, so when demand wakes up and real holders stop selling, price has to climb until it finds enough coins willing to move.

That is how you get the insane runs. The 1k to 20k move. The 3k to 69k move. The 15k to 126k move.

But then comes the part nobody likes.

Bitcoin has to digest what it just ate.

If an asset runs 8x, the market does not just calmly reset in three weeks and move on. It has to work through late buyers, leverage, weak hands, tourists, ETF flows, and everyone who bought the top calling themselves a long-term investor until the candles turned red.

That is where the downside gets ugly. The person who bought too early in the downtrend eventually becomes a seller lower. The trader who thought he was buying the low finds out he was just catching another bounce. The leveraged long does not get to be patient. He gets liquidated. Perps and synthetic exposure make the whole thing worse because they create extra demand on the way up and forced selling on the way down.

This is how Bitcoin gets those elevator-down phases.

Not because it died. Because ownership is being cleaned up.

Coins move from people who liked the price action to people who actually want the asset.

That process feels terrible while it is happening, which is exactly why it works. Doubt comes back. The timeline gets dark. People say AI replaced it. Stocks are better. Bitcoin had its moment. The whole thing is over.

And somehow they say this while Bitcoin is still trading above the last cycle’s blow-off double top.

Think about how crazy that is.

The 2021 top near 69k was viewed as this insane parabolic event after a 20x plus move from the prior cycle low. Now, after 7+ months of crypto winter, Bitcoin is still hanging around that old “impossible” zone, and people are acting like the asset failed.

That is not failure. That is a much higher floor trying to form.

Maybe the final floor is already in. Maybe it is not. Nobody knows. The only way to stay sane is station to station. If you think it is going lower, fine. Mark the next real support. Mark the level above that proves your read is wrong. Then update when price gives you new information.

Do not do what the eternal bears do.

Do not pick some dramatic number like 15k, 3k, or zero and then build your whole personality around it. That is how people blind themselves. They stop doing analysis and start defending a prophecy.

Being wrong is not the problem. Everyone is wrong. The problem is refusing to say, “I was wrong,” when the market has clearly moved on.

That is why Bitcoin is such a funny asset. Most bears do not say it is expensive. They do not say it needs a normal correction. They say it is going to zero.

They said it at $7. They said it at $70. They said it at $700. They said it at $7,000. Now they say it when one coin is worth more than most people make in a year.

That is the magic.

Bitcoin creates doubt, then feeds on the people who get trapped inside it.

It runs. It digests. It makes everyone question the whole thing. Then when the floor is finally found, the same people who were waiting for zero are shocked when it starts moving again.

The supply is still fixed. The emotions still swing too far. The believers still absorb the panic. The doubters still give it fuel.

Everyone is falling for it again.

[Jony @jonyclapes]

@LegalFockery @APompliano @PeterSchiff @CNBC @JoeSquawk Oh god. This Fiat mindset is a virus, literally. Amazing that after all these years, people keep asking these questions.

[Brian Hansford @remarkmarketing]

It brings me great joy to see the HR function getting wrecked right now. I have never found a useful HR team, ever. Wipe them all out.

[Jony @jonyclapes]

@sergiofly @KASTxyz Totally. Just did that.

[Jony @jonyclapes]

Transaction notes in @Bitkey would be a killer.

Tagging, or leaving a note on each transaction would be great.

If I see my transaction list, I don’t know the concept of each transaction.

@nunchuk_io and @Strike do a great job with this.

Please add this.

[Adam Livingston @AdamBLiv]

Michael Saylor is TAKING OVER the WORLD right now and everyone is ASLEEP.

$STRC just did almost HALF A BILLION DOLLARS of trading volume in one day.

If Strategy captured 80% of that volume like they did last month, that is $397.28M of capital.

At $80,000 per Bitcoin, that is 4,966 BTC potentially added to the balance sheet in ONE trading day.

To understand how insane this is:

Hundreds of S&P 500 companies do not make $397M in profit in an entire quarter.

They need 90 days of sales, payroll, inventory, debt, HR, conference calls, and corporate hostage videos to produce less profit than Strategy can potentially raise through one preferred security in one 6.5 hour market session.

Starbucks does an average of $342 million of profit per QUARTER.

Dollar Tree does $321 million of profit per QUARTER.

So if Strategy can plausibly raise or deploy around $300M to $400M in a single trading day through STRC, you are comparing one preferred-security capital-raising day to the average quarterly profit engine of dozens of S&P 500 companies.

That is OBSCENE scale.

And Strategy can convert that capital into Bitcoin.

The hardest asset on Earth.

The bears are still talking about mNAV while Saylor is building a capital machine that can inhale quarterly-profit-sized chunks of the S&P 500 before dinner.

Probably nothing.

[Lawrence Lepard, "fix the money, fix the world" @LawrenceLepard]

This is why we can't have nice things.
Monetary inflation of 15% since early 2025. But hey, reported inflation is ~3.5%. Sure.
Chart by the brilliant @TaviCosta