Back in late 2020, I spoke with Michael Saylor and asked him why Bitcoin destroys every other store of value.
His answer will change how you think about money forever:
There is $250 trillion in global assets and every single one of them has the same fundamental problem when you look closely enough.
Your real estate is immobile, illiquid, and taxed annually without exception and half of all commercial real estate is structurally impaired from COVID with at least a decade of uncertainty still ahead.
Your bonds only work when interest rates keep falling and that game has a mathematical floor because the moment rates go negative everyone pulls their money out simultaneously and the entire mechanism that made bonds attractive for four decades inverts overnight.
Your equities get taxed at every single layer of existence:
> revenue gets taxed as sales tax
> cash flows get taxed as income tax
> expenses get taxed as payroll tax
> trade gets taxed as tariffs
(plus regulatory risk sits on top of all of it)
And when the price rises by a factor of ten it does not become safer, it becomes more dangerous because it is delaminating from its fundamentals and any disappointment from that point causes catastrophic volatility.
Here is what most people never understand about money:
Every traditional store of value you own is a vertebrate and if you are a vertebrate you can be killed with a needle because there is a headquarters, a jurisdiction, a regulator, a court that can reach in and end it.
Bitcoin is a swarm of hornets with no headquarters to raid, no jurisdiction to exploit, no CEO to arrest, and no regulatory throat to cut because there is no throat.
Your money should be a single celled organism, the base layer of the ecosystem, not a vertebrate with a backbone that can be decapitated the moment it becomes inconvenient to the wrong government.
Bitcoin is the only asset that structurally solves the problem every other asset you own creates:
I was in and out of romantic relationships for years and always told myself I was just picky.
The truth was that I was performing.
Every dating situation started with the highlight reel…
Lead with strengths, hide the weaknesses, keep the baggage out of sight as long as possible.
When I started practicing radical truth, I basically inverted that entire approach.
I went into conversations and put everything on the table immediately.
Here are my problems, my baggage, how I act…
It felt uncomfortable and counterintuitive, and I wasn't sure it was going to work.
The quality of the relationships that followed was completely different.
One of them became my wife.
We now have reverence for radical truth in our marriage and have made significant strides in overcoming our own issues together.
Follow along.
They cannot tax you 20% more without you resisting it, so they print the money instead and take it through inflation.
You pay the same price either way except one method requires your permission (sort of) and the other one doesn’t at all.
Ron Paul said it is not a coincidence that the 20th century was both the century of central banking and the century of total war.
Bitcoiners need to pay very close attention to what’s happening at the development layer.
This is an open-source boardroom.
Accountability sits with those writing the code, maintaining it and those committing pull requests need to be watched carefully.
Don’t trust.
Verify.
And when those who allegedly visited Epstein island start trying to discredit investigations and get upset about certain articles, that’s when you pay even closer attention.
That’s why we run nodes and keep an eye on miners too.
The financial industrial complex have repeatedly tried to infiltrate and we have to always stay alert.
Great work on this article.
Looking forward to Part 3.
@SimonDixonTwitt When you say the Fed is owned by the banks, what do you mean aren’t the banks under the fed? Because the food loans money to the banks. What am I missing here?
@planbparaguay What happens when the neighbouring Argentina becomes a Jewish settlement and becomes the new Israel? What happens when they want to expand just like what they are doing in the Middle East? This is a genuine question.
Surface-level honesty is just another form of hiding.
Saying "I need to work harder" isn't honest. It's safe.
Real honesty sounds like: "I've been using busy work to avoid the one thing that actually scares me."
That's where the breakthrough lives. In the admission that makes
Playing the victim is the most expensive habit you'll ever have.
It costs you respect. Revenue. Relationships. Time you'll never get back.
Every minute spent blaming circumstances is a minute not spent building solutions.
The men winning right now? Same economy. Same problems.
Just audited a plumbing company's missed calls from last month.
47 leads. Zero follow-ups. $68,000 left on the table.
The owner thought his business was slow. It wasn't.
His follow-up was just broken.
How many leads slipped through your cracks this week?
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