Short term, Bitcoin feels like swallowing broken glass.
Long term, Bitcoin feels like owning the printing press everyone else is being robbed by.
The chart goes up. It goes down. It makes grown men cry into their Robinhood accounts and CNBC anchors smugly declare the funeral, for the eleventh time.
And then it goes up again.
Further than before. Higher than they said was possible.
Here's what uncomfortable people don't understand: the discomfort is the yield. Every paper handed panic seller is handing their future to someone with a longer time horizon and a colder storage device.
You're not being asked to ignore the volatility.
You're being asked to outlast it.
Because on a long enough timeline, Bitcoin doesn't feel like a gamble. It feels like the only decision you ever made that actually made sense.
Stack sats. Opt out.
@jyn_urso@TheBitcoinConf The Trumps are a bunch of amoral grifters. For a community that lives by “don’t trust, verify” we sure were quick to trust them blindly. It’s embarrassing.
For 5000 years, people have agreed:
3000 BC: Money should be scarce.
2000 BC: Money should be scarce.
1000 BC: Money should be scarce.
0: Money should be scarce.
1000: Money should be scarce.
1500: Money should be scarce.
1900: Money should be scarce.
1914-1970: Ok but what if it’s not.
1971: Money is what the gov says it is.
1990: Financialize all the things.
2008: Oops maybe not.
2009: Money should be scarce -> Bitcoin.
2010-2019: Bitcoin makes no sense.
2020: Money printer go brrrr.
2021: Wait maybe bitcoin makes sense.
2025: Money should be scarce.
A currency that can be infinitely printed by a government is an anomaly.
You don’t have to accept it, opt out with bitcoin.
If @nytimes misidentifies Satoshi after an 18-month investigation that selectively attends to only confirmingevidence… What are the odds they get it right on bitcoin’s energy use, utility, value, security, etc.? Wrong on all of those too.
What about everything else? The news?