Veggielee

I'm a guy that works for a technology company that travels around the world soaking up culture and spreading good will.

[Veggielee @Veggielee]

@nic_carter Look up how much water the cattle industry uses. It makes almond water usage look like a drop in the bucket

[Veggielee @Veggielee]

@APompliano It is very expensive to live in Norway sir

[The ₿itcoin Therapist @TheBTCTherapist]

30 seconds of wisdom from Michael Saylor

[Veggielee @Veggielee]

@bitcoingardener What are the green cone looking things for?

[Veggielee @Veggielee]

@Ashcryptoreal Inverted crash?!

[Tyler @TylerDurden]

Zuckerberg sold your information so he’s a free man.

Pavel Durov didn’t, so he’s in jail.

It’s this simple.

[Elon Musk @elonmusk]

Absolutely

[James Lavish @jameslavish]

This is my quant.

[Veggielee @Veggielee]

@APompliano It will take 20 years for the permit

[nicolas, 30 ans @nic_carter]

telling commentary on stablecoins and dollar dominance from Fed Governor Chris Waller in a Feb speech. maybe the Fed can take it to heart and relax their anti-stable stance?

https://t.co/s1EO0XTxUo

[Veggielee @Veggielee]

@KevinSvenson_ Why I avoid social media today...

[Jack Mallers @jackmallers]

Bitcoin's killer app is giving us all something to own that nobody can make more of. Only Jeffrey Epstein's banker would tell you it's for bad people.

Ask yourself: Am I ok being forced to pay off my government's debt?

If you're not, then opt out and buy #Bitcoin

That simple.

[Veggielee @Veggielee]

@StackerSatoshi Bitcoin OFC

[Robert ₿reedlove @Breedlove22]

Technology is always a double-edged sword. Study #Bitcoin and free your mind or you will end up enslaved. There is no other option.

[Onramp @OnrampBitcoin]

MUST LISTEN: As @PrestonPysh articulates on episode one of Scarce Assets, once investors more deeply understand bitcoin’s fundamentals & its upside potential, the immense opportunity cost associated with owning richly valued equities becomes clear.

Links to the full episode 👇

[Max Keiser @maxkeiser]

#Bitcoin fixes this.

[Lyn Alden @LynAldenContact]

I've done transactions in fiat and bitcoin. I haven't done transactions in gold, Apple stock, or anything else.

I can send bitcoin to anyone with an internet connection globally, within the hour on-chain, or within seconds via Lightning, with no centralized party capable of blocking it. Meanwhile, my international fiat wire transfers take days and often get blocked by centralized parties and then I have to sort through layers of bank customer service to figure out which side the blockage occurred on and why. Happens all the time.

And recipients of international dollar transfers that don't have access to eurodollar accounts often get forcibly converted into local currency at fake exchange rates, whereas sending bitcoin can reach them directly, around their local banking system.

Bitcoin can be brought across borders in unlimited size, whereas fiat and gold are very limited at ports of entry. That doesn't matter much to most Americans but it can matter a lot for people in the 160+ other currency monopolies in the world that often want to leave one country for another with their savings intact. It's not theoretical- I personally know people that have done this and have fled hyperinflationary jurisdictions thanks to it. That's a monetary use case.

I've spoken with plenty of human rights advocates in authoritarian countries who turned to bitcoin when their bank accounts were frozen. It helps them keep receiving donations, keep their funds from getting arbitrarily taken, etc. That's another monetary use case. It's the fallback for financial de-platforming, confiscation, censorship, etc.

When I travel globally, which I do many times per year, I can't access any of my physical gold in the United States, and all of my modes of payment (other than a small wad of physical cash) are reliant entirely on an international chain of credit- I have to trust my U.S. banking institutions and their various counterparties to keep my cards working. But I can customize some of my bitcoin setup so that I can access self-custodial bitcoin anywhere, which could be helpful in a pinch. In some countries I can spend it directly on merchants, while for others there are peer-to-peer marketplaces to convert it to local currency, which greatly increases my options if need be rather than making me entirely reliant on my institutions back in the US.

So, what someone gets by holding bitcoin is optionality and global availability that their other monies can't provide them, and in a package that has less ongoing supply dilution than fiat or gold (and ultimately with zero dilution).

And then on top of that, there is an investment thesis that this money will continue to catch on due to having the above-mentioned characteristics, and thus reach closer to its total addressable market (which is basically anyone who wants to hold some nonzero percentage of their net worth in self-custodial and globally portable money that can't be diluted). Even if one is in a jurisdiction where they don't feel those attributes are helpful to them and thus doesn't directly hold it for its monetary properties, they might instead hold it within an investment vehicle because they view those attributes as being attractive to others and thus likely to continue gaining adoption.

The majority of bitcoin doesn't move very often, because it's held for savings or a long-term investment outlook. But the fraction that does move, can move with very high velocity due to how efficient it is. Due to the fact that modern monies get rapidly diluted, we tend to treat money and investments as separate, whereas with bitcoin, some portion of it can be locked away as savings/investment, while another portion can be used for spending or working capital.

[zerohedge @zerohedge]

Remember when the FDIC gifted First Republic to Jamie Dimon (and even funded the purchase with its own loan while keeping the toxic crap for taxpayers)? Jamie thanks you all so very much