After a long time on the road, El Little Presidente finally meets El (Big) Presidente 🇸🇻
Thank you for making time again, and for giving him a new home
@nayibbukele
🧡
My first time in El Salvador 🥰
You guys have been asking for my opinion; I’ve been a little hesitant because you can’t intimately familiarize yourself with a country in just two weeks, and I would look pretty silly trying to pretend otherwise.
But I know many of you are…
First you buy
#Bitcoin
because you want to make money.
Then you buy
#Bitcoin
because you want to save money.
Eventually you buy
#Bitcoin
because you don’t want to lose money.
Fiat money is designed to keep our time preference high. That’s why people see Bitcoin’s short-term volatility, but not its long-term growth, and they see fiat’s short-term stability, but not its long-term debasement. Expand your time horizon, and you'll see why
#Bitcoin
matters.
“The real problem is that you pay high taxes only to uphold the illusion that you are funding the government, which you are not.
The government is funded by money printing. Paper backed with paper. A bubble that will inevitably burst.
The situation is even worse than it seems,…
At this point, it doesn’t even matter if
@elonmusk
is trolling. By recycling long-debunked misinformation, he’s misleading his massive audience and feeding into false media narratives, effectively vilifying the very miners who secure Tesla’s $1.3b worth of
#bitcoin
.
Bitcoiner for a month: Sells
#Bitcoin
to buy dinner
Bitcoiner for a year: Sells
#Bitcoin
to buy a car
Bitcoiner for two years: Sells
#Bitcoin
to buy a house
Bitcoiner for five years: Sells house to buy more
#Bitcoin
@BTC_Archive
@elonmusk
I think many people aren’t mad because of the price, they’re confident Bitcoin will bounce back stronger. They’re mad because Elon is shamelessly spreading harmful misinformation while making countless people FOMO into a high-risk meme coin in the most irresponsible way.
The CFTC has charged the owners of BitMEX with illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations. According to reports, the firm's CTO was arrested this morning.
@ecurrencyhodler
reports
#Bitcoin
drops.
Bitcoiner for a week: “Panic sell!”
Bitcoiner for a year: “HODL”
Bitcoiner for two years: “BTFD”
Bitcoiner for five years: “Can’t BTFD, I’m already all in”
#Bitcoin
went from an idea to legal tender in a nation state in less than 13 years. The Bitcoin standard is coming, and it’s coming way faster than anyone could've imagined.
His name is The Little HODLer. He listens to all your
#Bitcoin
fun facts, HODLs with you through dips, and cuddles with you through really bad dips.
Thinking of making more Little HODLer plushies and putting them up on a store if there’s enough interest! Would you get one? 😊
Saturday: Reveals plans to make
#Bitcoin
legal tender
Tuesday: Makes Bitcoin legal tender
Also Tuesday: Thinks of volcano-powered Bitcoin mining
Wednesday: Starts working on volcano-powered Bitcoin mining
El Salvador is moving towards the Bitcoin standard at maximum speed.
🧵While we were sleeping, the European Commission (via ESMA & ECB) has been creating a report which they plan to label bitcoin
-environmentally harmful
-a threat to EU energy security
-a haven for financial criminals
Paving the way for 2025 de facto EU bans on BTC & BTC mining
It’s almost comical for a central banker to call
#Bitcoin
“suspicious.” There’s nothing suspicious about wanting to protect your savings. What’s suspicious is how hard central banks are trying to keep you from doing so.
At a money exchange in London.
Me: I’d like to exchange €120
Lady: I’ll give you £68
Me: What?
Looking up fx rate, it should be ~£100
L: You won’t get those rates anywhere
Me: Fine, never mind then
L: Wait I can do up to £84
Business model:
#scam
#Bitcoin
fixes this