CEO @Swan | Host of OUTSIDE MONEY | Investor in 60+ tech startups | Follow for Bitcoin, investing, markets, macro, and geopolitics | Truth, family and 🏀
Watch & Read OUTSIDE MONEY 👉
- Tweets 67,955
- Following 14,293
- Followers 306,196
- Likes 116,109
Pinned Tweet
PRICE CONTROLS ARE A LIE POLITICIANS TELL TO BUY VOTES.
They can change the law. They can't change the market dynamics.
History is littered with examples:
- WWII America (ration books)
- Germany, 1948 (goods vanished until controls lifted)
- San Francisco, 1994 (15% fewer rentals)
…in today's Helsinki edition of OUTSIDE MONEY
11
14
127
13,852
In June 1948, Germany ended its price controls and rationing.
Within hours, goods started appearing in stores.
None of it had been made overnight. So where had it all been hiding?
4
8
24
3,587
Here's the video this article is from.
PRICE CONTROLS ARE A LIE POLITICIANS TELL TO BUY VOTES.
They can change the law. They can't change the market dynamics.
History is littered with examples:
- WWII America (ration books)
- Germany, 1948 (goods vanished until controls lifted)
- San Francisco, 1994 (15% fewer rentals)
…in today's Helsinki edition of OUTSIDE MONEY
4
1,189
PRICE CONTROLS ARE A LIE POLITICIANS TELL TO BUY VOTES.
They can change the law. They can't change the market dynamics.
History is littered with examples:
- WWII America (ration books)
- Germany, 1948 (goods vanished until controls lifted)
- San Francisco, 1994 (15% fewer rentals)
…in today's Helsinki edition of OUTSIDE MONEY
11
14
127
13,852
I wrote the whole thing up: the €2 tomato, why goods appeared in Germany's stores the day after prices were freed in 1948, WWII ration books, Turkey's bread tariff, and what San Francisco's rent control did to the next renter.
In June 1948, Germany ended its price controls and rationing.
Within hours, goods started appearing in stores.
None of it had been made overnight. So where had it all been hiding?
1,140
Election season. Here come the price controls.
PRICE CONTROLS ARE A LIE POLITICIANS TELL TO BUY VOTES.
They can change the law. They can't change the market dynamics.
History is littered with examples:
- WWII America (ration books)
- Germany, 1948 (goods vanished until controls lifted)
- San Francisco, 1994 (15% fewer rentals)
…in today's Helsinki edition of OUTSIDE MONEY
1,021
CAPITALISM IS LOSING THE MORAL ARGUMENT
Last month I was having a chat with Saifedean Ammous, and he told me a story that really stuck with me.
He said it has become increasingly difficult to win an argument with a socialist at a dinner party.
We Are Gonna Kick This Can Down the Road for DECADES!!
This might get me banished from certain circles, but hear me out 😬
What if the debt doomers are right about the problem, but thirty years early?
77
77
580
86,396
Ammo for your next dinner party argument
PRICE CONTROLS ARE A LIE POLITICIANS TELL TO BUY VOTES.
They can change the law. They can't change the market dynamics.
History is littered with examples:
- WWII America (ration books)
- Germany, 1948 (goods vanished until controls lifted)
- San Francisco, 1994 (15% fewer rentals)
…in today's Helsinki edition of OUTSIDE MONEY
800
WHY BITCOIN PRICE MODELS KEEP FOOLING SMART PEOPLE
A public service announcement as we head into the Bitcoin bull market
119
110
801
239,146
Nobody can calculate the right price. Not a model, not a bureaucrat.
PRICE CONTROLS ARE A LIE POLITICIANS TELL TO BUY VOTES.
They can change the law. They can't change the market dynamics.
History is littered with examples:
- WWII America (ration books)
- Germany, 1948 (goods vanished until controls lifted)
- San Francisco, 1994 (15% fewer rentals)
…in today's Helsinki edition of OUTSIDE MONEY
777
We Are Gonna Kick This Can Down the Road for DECADES!!
This might get me banished from certain circles, but hear me out 😬
What if the debt doomers are right about the problem, but thirty years early?
170
208
1,976
330,231
Politicians' other favorite trick
PRICE CONTROLS ARE A LIE POLITICIANS TELL TO BUY VOTES.
They can change the law. They can't change the market dynamics.
History is littered with examples:
- WWII America (ration books)
- Germany, 1948 (goods vanished until controls lifted)
- San Francisco, 1994 (15% fewer rentals)
…in today's Helsinki edition of OUTSIDE MONEY
741
In 1933, the U.S. government forced Americans to surrender their gold.
When Bitcoin becomes important enough, the easiest coins for the government to grab will be the enormous pools held by regulated custodians.
That’s what Bitcoiners mean when we warn about a "6102 Attack," and it’s a major reason why self-custody matters.
In today’s OUTSIDE MONEY.
102
172
1,299
362,003
Another ugly thing governments do to their people
PRICE CONTROLS ARE A LIE POLITICIANS TELL TO BUY VOTES.
They can change the law. They can't change the market dynamics.
History is littered with examples:
- WWII America (ration books)
- Germany, 1948 (goods vanished until controls lifted)
- San Francisco, 1994 (15% fewer rentals)
…in today's Helsinki edition of OUTSIDE MONEY
1
1
868
Bitget football sponsorships in recent years: La Liga, Juventus, Galatasary, Lionel Messi
3
1
3
5,449
Post isn't true though. Minimal findings of iron at any of the bronze age city states.
The order is the opposite. Collapse broke the bronze supply chain. Had to figure out how to use local materials. Iron was everywhere.
I had not realised before that the Bronze Age Collapse was literally *caused* by iron.
Bronze age powers like the Egyptians, Hittites and Babylonians used bronze weapons, made by combining copper and tin. Tin was so scarce that only the richest and most powerful groups could access it and the bronze weapons it allowed. (Tin was so rare that it was being transported from Cornwall to the Middle East more than 1000 years BC.) The scarcity of tin gave these empires a near-monopoly on violence.
Iron weapons are not actually any better than bronze ones – they're not stronger or easier to work with, as I'd assumed. They're just much, much easier to mass produce once you have bloomeries, which are the first furnaces that were hot enough to melt iron in a way that made them useable for weapons.
Bloomeries meant that iron ore, which was widespread, could be used to make weapons anywhere. That led to warlords, bandits and city-states rising in a massive decentralization of military power, which the Bronze Age empires were unable to resist.
After the invention of the bloomery, skeletons show a measurable increase in weapon-inflicted injuries. 'Destruction layers' with bones and signs of burning have been found from this time at archaeological sites including Troy. Ancient writers – including Herodotus, Ovid, and the writers of the Old Testament – believed the invention of iron had unleashed a new age of violence.
New at Works in Progress, WEAPONS OF MASS DECENTRALIZATION: how iron itself brought about the Bronze Age Collapse. And what technologies could do the same today?
worksinprogress.co/issue/wea…
2
3
29
6,094
Cory Klippsten 🦢 Swan.com retweeted
I told Opus 5.5 to find out who Satoshi was and ask him to rap the whitepaper for me.
It located an old email address nobody knew about.
Then a swarm of agents set up a studio for him and got a mic and everything. They even brought in pineapple jalapeno pizza.
Sound up!
13
31
187
12,403
Cory Klippsten 🦢 Swan.com retweeted
With AI driven advances in anti-aging and your BTC stack meaning you'll be rich enough to enjoy life indefinitely, there's never in history been a more expensive time to chop years off your life by being a sloppy lazy slob. Get fit now brother.
8
3
86
6,967
SAME LOAF OF BREAD. THREE DIFFERENT PRICES.
Manhattan, 1658: 4 in silver, 6 in beaver pelts, 8 in wampum.
Bitcoin could eventually be one money for all of it: what you save, what you spend, and what you price things in.
STORE OF VALUE. MEDIUM OF EXCHANGE. UNIT OF ACCOUNT.
1990s Russia did it backwards: prices in dollars, payments in rubles.
Bitcoin could too.
7
8
85
9,170
STORE OF VALUE. MEDIUM OF EXCHANGE. UNIT OF ACCOUNT.
1990s Russia did it backwards: prices in dollars, payments in rubles.
Bitcoin could too.
10
14
95
17,141
Here's the video this article is from.
"IF BITCOIN IS MONEY, WHY IS EVERYTHING STILL PRICED IN DOLLARS?"
Because store of value comes first.
Conventional wisdom says people spend Bitcoin next (medium of exchange), then price things in it (unit of account).
But in 1990s Russia, businesses priced things in dollars and took payment in rubles.
…in today's OUTSIDE MONEY
1
3
2,105
"IF BITCOIN IS MONEY, WHY IS EVERYTHING STILL PRICED IN DOLLARS?"
Because store of value comes first.
Conventional wisdom says people spend Bitcoin next (medium of exchange), then price things in it (unit of account).
But in 1990s Russia, businesses priced things in dollars and took payment in rubles.
…in today's OUTSIDE MONEY
44
57
385
26,510
The written version, for anyone who would rather read it: why New Amsterdam priced one loaf of bread three ways, what wampum and beaver had to do with it, and what that says about when Bitcoin becomes a unit of account.
STORE OF VALUE. MEDIUM OF EXCHANGE. UNIT OF ACCOUNT.
1990s Russia did it backwards: prices in dollars, payments in rubles.
Bitcoin could too.
4
1,484
Cory Klippsten 🦢 Swan.com retweeted
Initiatives that ignite passion and make sense.
Underutilized Resources in the Bitcoin Space.
@CorySwan CEO of @Swan
Bitcoin Cafe, Swan & Big Bitcoin
We are back with another guest that needs no introduction, but we will do one any way.
Our guest is @CorySwan the Founder of @Swan, Real Bitcoin Company, Co-Host of the Bitcoin Cafe and Bitcoin Maximalist.
They discuss parallels between the wars in the past and the our battle for monetary independence and coordinated attacks on Bitcoin and what we can do to survive it!
They also reflect on the corporatization of Bitcoin and what his means for the future of the movement.
If you believe in Bitcoin and the original ethos behind it, if you believe in education and Self Sovereignty, this is definitely an unmissable episode.
nitter.net/i/broadcasts/1pKdRRdwL…
1
4
10
2,820