I really hope someone tweets this out in 10 years. Credit to @markgoodw_in for putting this in my head. I've been wrestling with this idea for fucking 2 years, trying to figure out the flow mechanisms. I understood it from a philosophical perspective but I was really struggling to understand the ACTUAL mechanics of how it works. Here goes. Something clicked for me today. And this will seem really simple and dumb but its' not. 1.) User/individual sees bitcoin price going up and wants to buy some. 2.) User goes to app/exchange. App exchange deals in USDT or equivalent. 3.) User then is forced to convert whatever currency they are in (even could be USD!!), into USDT in order to buy bitcoin. 4.) Tether mints the coin (takes the USD), and then buys US Treasuries. Here's the part I think some people are missing. This creates a 1 way demand for Treasuries. Tether just collects the premium and never sells them. So if you peel back the layers here and see what is actually happening. 1.) If bitcoin price pumps, it attracts demand. 2.) That demand is basically auto converting whatever currency the user comes in with, into a US Treasury buy. And it's being bought by someone who won't sell it (Tether). So the only loser is the original currency. This might end up being the most brilliant attack of foreign currencies ever engineered. It's playing out right in front of our eyes and we can't see it. I've been studying it for years and I'm still struggling with it. Sorry for continually tagging your Mark. Why can't people see this?

Thought. Bitcoin takes 20 years for people to realize it’s valuable and viable. (Similar timing to internet). Value? Half a million. 2029 = 500k. Then it takes another 20 years to fulfill its role a global monetary base layer. Value? Just like Hal said. 2049 = 10 million.

444k loading @JoshMandell6

I'm starting to understand that much of what we see on fintwit and crypto twitter is fed activity to manipulate people's emotions on investing. Almost like a testing ground.

Liquid, maybe the second largest layer 2 just got fucking smoked and the price of bitcoin didn't move.

I have to pay someone and they wanted venmo. Had no balance on venmo. So now, it's gonna take 5 business days (a week in real time), for my bank to move the money to venmo account. Then it'll take another week for them to move it from venmo to their account. 2 weeks! To move $140 dollars. In 2026. So tell me again how legacy bullshit fiat system is better than bitcoin. This could be done in 10 minutes and confirmed within the hour.

What if. Gold is about to be re priced as held on the treasury balance sheet and they used Rand Paul as a media plug to make sure people knew the gold was there

Lacy Hunt says Warsh needs Bessent to stop fucking with the 30 year bonds so he can see the market signal (Drucks point). But Warsh has said traditional measures of monetary expansion and inflation expectations are bullshit and he wants to use bitcoin to do it. Bessent says he has asymmetric info. I think they let bitcoin run up to 2x power law before they flip the market and tight. Bitcoin is the new inflation measure. @JoshMandell6 thoughts?

Remember. Insider trading is legal in bitcoin. Do not discount the idea that insiders have "asymmetric info". Is it likely? Probably not. But we haven't seen runs like this in a very very long time.

Is it possible. With Jackson hole and Asheville this week. Someone with inside info is front running bitcoin?

Going to see a HUGE bitcoin price pump tonight as tradfi tries to cover into sunday night/new week.

Uber eats is dangerous. It's mostly struggling poor people looking for extra income (admirable), who would be better off starting a side hustle. Delivery food, to people who are too tired to cook or too lazy and are wasting huge amounts of income. Net negative for society. I support their ability to exist in a free market, but man I just see a lot of downside to it.

Does anyone know is Len Sassaman had other concerns about bitcoin besides privacy?

I don't know if bitcoin is going to go up or down in the next 12 months. But I think volatility will be very very high.

I walked by the bus stop this morning, and literally EVERY single kid's head was buried in their phone. Middle school, not high school. But tell me again why they'll be buying gold and not bitcoin in 10 years.

Here’s what people don’t get about trump in regards to the mid term and pumping markets. To him, it’s not about the politics. He’s leaving in 28. But what does matter to him is legacy. Even if he’s a lame duck. He’s going to do everything in his power to run it super hot in 27 and 28 so people will remember him fondly and then aoc can deal with the fallout later.

So wait. Blocksize war ended, then we pumped from 5k to 19k. Bip 110 dies and now we pump? Coincidence? Or psy op

It's so insane to me that bitcoiners are excited about 69k. We were here in 2021. Yes I understand tops and bottoms. But people, if this thing is to do what we want (NGU), we have a longgggggggggggggg way to go. And to be sure, bitcoin will fail at scale if we don't appreciate at a higher CAGR than index funds. For two main reasons. 1.) NGU at a high rate incentivizes entrants from previous cycles to upgrade their lifestyle. IE, sell. And they need to sell to keep the market moving. 2.) Without NGU, we don't attact new entrants. Anyone here for freedom is already here. We will not take this thing to 10 trillion (in real terms), based on freedom. Sorry. That doesn't mean YOU can't use it for freedom. But it does mean that 99.99% of new entrants in the next 10 years will be looking purely for price appreciation and don't give any fucks about what a private key is. Fin.

Buy bitcoin because it’s better money. But if bitcoins want cheap price exposure to gold…this is NOT financial advice I’m literally an idiot. Buy the gld leaps

Ok, I'm convinced bitcoin was co opted in 2014 by stablecoins. That doesn't mean you can't use bitcoin as freedom money, but it means the powers that be have another, bigger plan. 99.99% of users will never self custody or anything like it. They are being used as demand for US Treasuries. And if bitcoin price pumps who loses? It's a genius plan (no pun intended).