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1933: the US government ordered Americans to turn in their gold at $20.67 an ounce. Hoarding risked 10 years in prison. 1934: it repriced the same gold at $35. Same ounce. 69% more dollars. The Treasury booked $2.8 billion in "profit." The people who turned it in got nothing.
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Live with Restream, September 25 nitter.net/i/broadcasts/1mxPaZNNM…
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The median new American home. September 2016: $304,000, or 504 BTC. Today: $411,000, or 4.9 BTC. Priced in dollars, it rose 35%. Priced in Bitcoin, it fell 99%.
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Satoshi listed his birthday as April 5, 1975. April 5, 1933: FDR signed Executive Order 6102, ordering Americans to turn in most of their gold. 1975: the first full year Americans could legally own gold again.
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Swan retweeted
Asked Claude 5.5 to build me a banger edit about bitcoin’s role in society purely in code.
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House prices won't switch from dollars to Bitcoin all at once. Money has never changed that way. 1650s New Amsterdam ran on wampum, beaver pelts and guilders. 1990s Russia bought groceries in rubles and apartments in dollars. Cory takes us through it all ...in today's OUTSIDE MONEY
"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
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It’s my birthday. Here’s something I’ve been telling the people I care about for many years.
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Bitcoin just crushed $87,000 THE NEXT BATTLE IS AT $89k
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BITCOIN RIPS TO $85,000!!! Bears in shambles 😭 Only 4 more battles till Valhalla 🚀 In today’s bullish episode of OUTSIDE MONEY:
Top 5 Catalysts for the Bitcoin Bull Run Here’s exactly how this is going to go down.
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This is how we're using AI to build.
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Swan retweeted
Most people don’t need to be talked into bitcoin. They just need someone to talk them through it. I’ve joined @Swan and will be working with Swan Private clients as their dedicated advisor. I’ve seen a lot of bitcoin journeys up close: from organizing @DenverBitDevs and co-founding @SpaceDenver, to hosting @ValueStackPod, writing The Bitcoin Tao, and advising on bitcoin security at @CasaHODL for 5+ years. I’m now bringing that expertise into the Swan Private team. Swan has a full suite of solutions for every bitcoiner through every stage of the rabbit hole, whether it's buying, holding, retirement and business, or passing it on. If you want to move further along your bitcoin journey, let’s chat: calendly.com/swanzach
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Café Bitcoin coming up at 10am ET. Day 50 of 50 Days for Freedom, celebrating the battle for monetary independence and freedom money. Set a reminder for a notification when we start 👇 nitter.net/i/spaces/1yKAPwOegvexb
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THE WORLD IS GOING BACK TO GOLD Foreign central banks are running their own version of the debasement trade. Their share of the Treasury market has fallen from 40% to 12% since 2008. At the same time, they started buying gold at a pace we haven’t seen in decades.
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The US owes $2 million for every Bitcoin that exists. Ten years ago: $1.26 million. Debt has no ceiling. Bitcoin's supply does.
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Café Bitcoin coming up at 10am ET. Friday Bitcoin hang with @CitizenBitcoin, @TomerStrolight, @Bquittem, @DecentraSuze and more. Set a reminder 👇 nitter.net/i/spaces/1oKMvNlobkjGQ
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