<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Bitcoin Pleb ]]></title><description><![CDATA[Pleb takes!  Signal - no noise!  Sign up now and get FREE ACCESS to the archives, over 60+ Bitcoin articles to read and reflect upon!]]></description><link>https://www.bitcoinpleb.com</link><image><url>https://substackcdn.com/image/fetch/$s_!ppjQ!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5490305-45ab-4a02-b4de-e871b56e7b4a_1024x1024.png</url><title>Bitcoin Pleb </title><link>https://www.bitcoinpleb.com</link></image><generator>Substack</generator><lastBuildDate>Mon, 18 May 2026 04:35:06 GMT</lastBuildDate><atom:link href="https://www.bitcoinpleb.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Bitcoin Pleb]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[bitcoinpleb@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[bitcoinpleb@substack.com]]></itunes:email><itunes:name><![CDATA[Vincent Van Dough]]></itunes:name></itunes:owner><itunes:author><![CDATA[Vincent Van Dough]]></itunes:author><googleplay:owner><![CDATA[bitcoinpleb@substack.com]]></googleplay:owner><googleplay:email><![CDATA[bitcoinpleb@substack.com]]></googleplay:email><googleplay:author><![CDATA[Vincent Van Dough]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[How Bitcoin Helps Humanity Climb Maslow’s Hierarchy of Needs]]></title><description><![CDATA[&#8220;One's only rival is one's own potentialities. One's only failure is failing to live up to one's own possibilities. In this sense, every man can be a king." - Abraham Maslow]]></description><link>https://www.bitcoinpleb.com/p/bitcoin-helps-humanity-climb-maslows-hierarchy</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/bitcoin-helps-humanity-climb-maslows-hierarchy</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Tue, 14 May 2024 12:30:47 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!yvce!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6c24b184-4cdd-47e1-a761-30e63ac1341e_1024x784.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!yvce!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6c24b184-4cdd-47e1-a761-30e63ac1341e_1024x784.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!yvce!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6c24b184-4cdd-47e1-a761-30e63ac1341e_1024x784.jpeg 424w, https://substackcdn.com/image/fetch/$s_!yvce!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6c24b184-4cdd-47e1-a761-30e63ac1341e_1024x784.jpeg 848w, https://substackcdn.com/image/fetch/$s_!yvce!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6c24b184-4cdd-47e1-a761-30e63ac1341e_1024x784.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!yvce!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6c24b184-4cdd-47e1-a761-30e63ac1341e_1024x784.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!yvce!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6c24b184-4cdd-47e1-a761-30e63ac1341e_1024x784.jpeg" width="1024" height="784" 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https://substackcdn.com/image/fetch/$s_!yvce!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6c24b184-4cdd-47e1-a761-30e63ac1341e_1024x784.jpeg 848w, https://substackcdn.com/image/fetch/$s_!yvce!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6c24b184-4cdd-47e1-a761-30e63ac1341e_1024x784.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!yvce!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6c24b184-4cdd-47e1-a761-30e63ac1341e_1024x784.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" 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y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Stories shared by Bitcoiners over the years have one common theme:</p><p><em>&#8220;Bitcoin changed my life!&#8221;</em></p><p>It is a fascinating thing to study.  How can a simple software program serving as a distributed ledger, inspire people to become&#8230;better?</p><p>What is behind this magical internet money that is so fascinating that it captures the imagination, helps people kick bad habits and then turns them toward a higher calling in life?</p><p>Maslow&#8217;s hierarchy of needs explains to all of us what makes us happy, healthy and thriving individuals.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!OYB0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!OYB0!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp 424w, https://substackcdn.com/image/fetch/$s_!OYB0!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp 848w, https://substackcdn.com/image/fetch/$s_!OYB0!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp 1272w, https://substackcdn.com/image/fetch/$s_!OYB0!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!OYB0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp" width="1024" height="1024" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1024,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:58108,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/webp&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!OYB0!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp 424w, https://substackcdn.com/image/fetch/$s_!OYB0!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp 848w, https://substackcdn.com/image/fetch/$s_!OYB0!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp 1272w, https://substackcdn.com/image/fetch/$s_!OYB0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65c7014a-33f9-4474-b783-0310a3272072_1024x1024.webp 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>This visual is fairly easy to understand, even if you&#8217;ve never cracked a psychology book in your life.</p><p>You need to have your needs at the bottom of the pyramid MET before you can ascend toward self-actualization.</p><p>Our world today is in dire need of solutions, once the basics are met an individual can grow stronger leading to a better neighborhood.  Once a community has the basics down, a society can grow.  And once a society grows, <em>humanity can thrive</em>.</p><p>Bitcoin, as a giant technological leap forward plays its role perfectly.</p><p>A sound money anyone, anywhere can hold, spend, give and share as he sees fit without interference from third parties. </p><p>Humanity will continue to ascend with Bitcoin!</p><h2>Bitcoin and Your Physiological Needs</h2><p>The basics in life are simply as follows&#8230;</p><p>Food, water, shelter and clothing.</p><p>There is of course variance in exactly what we may need depending on where we live.  An eskimo does not need a set of swimming trunks, and a desert dweller needs no fur-lined parka.</p><p>But unless we have the basics, that is pretty much how we will spend all of our time&#8230;trying to secure the basics for ourselves and our family.</p><p><strong>Enter Bitcoin</strong></p><p>Look, it&#8217;s <em>rough right now</em> if you&#8217;re broke as a joke.</p><p>The government is running inflation HOT, and they will keep running it HOT til they can get their debt somewhat under control.</p><p>This means the little guy gets continually screwed.  Food, gas and shelter are going to be going up steadily for a while.   Once inflation is let loose, it&#8217;s like a runaway train.  It simply keeps going til it runs out of steam.</p><p>So what&#8217;s a man to do?</p><p><em>Buy and Hold Bitcoin</em></p><p>The amazing thing about Satoshi&#8217;s discovery is that it&#8217;s divisible down to fractions of a penny.   </p><p>So get on the horse and start riding.  Buy $10 this week and $20 next.  Quit wasting your fiat money on lottery tickets and beer.  Delete that stupid gambling app on your phone and put the cash into Bitcoin instead. </p><p>Strap in, make a plan and work that plan.</p><p>You aren&#8217;t going to get rich quick.  </p><p>That&#8217;s OK&#8230;.Bitcoin isn't a get-rich-quick scheme, it is a &#8220;don&#8217;t end up poor&#8221; <strong>savings plan</strong> for intelligent people with drive and discipline.</p><p>We all start small.  There&#8217;s no shame in that, there&#8217;s only shame in <a href="https://www.bitcoinpleb.com/p/why-total-dummies-can-still-get-rich">not starting</a>.</p><p><strong>JUST START</strong></p><p>Once you become a self-starter, a go-getter, and a never-quitter, thing WILL just fall into place. </p><p>You not only have a little stack tucked away for your future, you have the confidence that it&#8217;s GOING TO GROW in dollar terms because it&#8217;s engineered money.</p><h2>Your Security and Safety Needs - Met By Bitcoin</h2><p>Next up on the pyramid is the desire to feel safe and secure.</p><p>People want to feel some order, some predictability and have a modicum of control in their lives.   </p><p>These can cover several areas including </p><ol><li><p>Emotional safety - Being around people who are trustworthy and allow one to express themselves without punishment</p></li><li><p>Physical safety - Being able to live in a community without fear of violence or theft</p></li><li><p>Financial security - Feeling educated enough and empowered to make choices that will enhance the life of your future self.</p></li></ol><p>Obviously Bitcoin represents THE CHEAT CODE when it comes to building financial security.</p><p>An escape from the crooked and corrupt shit-show built on the quicksand that is fiat money.</p><p>Millions have been &#8220;Orange Pilled&#8221; a badge of honor indicating you&#8217;ve put in COUNTLESS HOURS studying Bitcoin and reaching the logical conclusion:</p><p><em><strong>The world will never be the same</strong></em></p><p>When one reaches this monumental conclusion, a wave of peace and calm washes over you. </p><p>Provided you&#8217;ve done the necessary work to hold your Bitcoin in cold storage, out of the grubby little hands of government and its banking arm &#8212; you are GOLDEN.</p><p>You can kick back and relax.</p><p>Even if <a href="https://www.bitcoinpleb.com/p/one-system-is-pure-fuckery-one-has">Rome burns</a>, you&#8217;ll know Bitcoin provides you with OPTIONALITY in the years ahead.  </p><p>With this peace of mind, you can focus on leveling up once again.</p><h2>The Feeling of Belonging That Comes From Bitcoin</h2><p>Next on Maslow&#8217;s hierarchy is the desire for humans to feel love and feel like they are a part of something, <em>that they belong</em> - that will be our focus, the belonging that comes with Bitcoin.</p><p>At its core, Bitcoin is a decentralized movement to offer individuals <em>private money</em>. </p><p>How radical is the idea of private money, something completely unbacked by the State?</p><p><strong>VERY</strong></p><p>Since <a href="https://www.bitcoinpleb.com/p/gold-miners-put-out-of-business">gold</a> was replaced fully by fiat, private money has basically been DEAD, not even on the radar of the financial system.</p><p>Thus, advocates and supporters of private money had no way to connect on a worldwide scale&#8230;until the internet.</p><p>Now, there is a place <em>we belong</em>.</p><p>Not in the pubs like the American Revolutionary.   This isn&#8217;t a geographical struggle against a single government.  Rather it&#8217;s a peaceful and cooperative protest against all governments who&#8217;ve <em>abused the people</em> via inflation.  </p><p>One that could only be organized by rules set out from the get-go, and only changed by consensus.</p><p>The feeling of belonging that comes from being a Bitcoiner takes many forms, here are but a few.</p><ul><li><p>Elimination of monetary inflation, government theft from EVERYONE</p></li><li><p>Expansion of freedom and free speech as fiat can no longer be weaponized</p></li><li><p>Working with millions across the world, simply by holding the same money</p></li><li><p>Getting a seat at the table, Bitcoin welcomes all yet none rule over others</p></li><li><p>Shitposting with the anons on X about Cramer, Yellen and Liz Warren</p></li></ul><p>There are other social aspects as well.  Both online and in-person Bitcoiners are joining together to find and promote solutions in many areas.  </p><p>Fixing the money is just the beginning&#8230;.</p><p>Next, Orange pilled advocates climb the next rung on Maslow&#8217;s hierarchy.</p><h2>Reaching Higher - Bitcoin and Esteem Needs</h2><p>In time as our first three levels are fully met, we strive for the next level of the hierarchy.</p><p>A word of caution, a Bitcoiner can go batshit crazy as they look to have their esteem needs met.  </p><p>Some have even fallen victim to the dreaded BDS (Bitcoin derangement syndrome) in their desire to be recognized for what they&#8217;ve done in Bitcoin..</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!iLFX!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!iLFX!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg 424w, https://substackcdn.com/image/fetch/$s_!iLFX!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg 848w, https://substackcdn.com/image/fetch/$s_!iLFX!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!iLFX!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!iLFX!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg" width="1179" height="1103" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/bde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1103,&quot;width&quot;:1179,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:201628,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!iLFX!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg 424w, https://substackcdn.com/image/fetch/$s_!iLFX!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg 848w, https://substackcdn.com/image/fetch/$s_!iLFX!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!iLFX!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbde5e0e9-964e-4eea-a421-c0109e89297c_1179x1103.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>There are two sides to the esteem coin.  One is our feeling about ourself, the other is the feedback we get from others.</p><p>At its core, our esteem is our feeling of &#8220;sense of self&#8221; in relation to others.  </p><p>Our EGO is in play at this point and that guy is one tricky son-of-a-bitch.</p><p>Naturally, if Bitcoin has helped us grow out of old habits, we&#8217;re going to have a sense of pride and accomplishment about that.  The danger comes in thinking that now it&#8217;s time to &#8220;fix Bitcoin&#8221; or &#8220;fix&#8221; other Bitcoiners.</p><p><em><strong>No and No</strong></em></p><p>The beauty of Bitcoin is that it&#8217;s voluntary, open source and people can come and go as they please.   Nobody is in charge, and nobody can change the protocol unless they gather consensus from others.</p><p>That truth seems lost on many, who allow ego to cloud their vision.  </p><p>Some decide that they know better, that they are the ones to decide what Bitcoin should be rather than <em>what Bitcoin is&#8230; </em></p><p>Garbage like BSV and Bitcoin Cash come to mind immediately when considering figures in Bitcoin history who thought they knew better.</p><p>So where should we allow Bitcoin to influence us when it comes to our esteem?</p><p>Focus on how you are helping both your family and community, while at the same time hardening the Bitcoin protocol so it becomes MONEY FOR EVERYONE ON EARTH.</p><p>It&#8217;s a magical, almost monumental task.  Replacing <a href="https://www.bitcoinpleb.com/p/the-seriousness-of-bitcoin-and-why">every fiat money</a> with one incorruptible monetary ledger is something that doesn&#8217;t happen every day.  Enjoy and SAVOR it!</p><p>The feelings of self-worth and self-esteem that come with working on such a task are almost incomprehensible.</p><p>We are all truly participants in a peaceful monetary revolution.</p><h2>Self-Actualization - Bitcoin&#8217;s Role in Raising Humanity to the Pinnacle of the Pyramid</h2><p>Finally, we each individually arrive at the destination.</p><p>Self-actualization.  Transcendence.  A state of grace.</p><p>At the top of Maslow&#8217;s hierarchy of needs is this idea&#8230;</p><p><em><strong>&#8220;What a man can be, he must be&#8221;</strong></em></p><p>At this point, your Bitcoin journey will take you <a href="https://www.bitcoinpleb.com/p/brainwashed-by-dollar-and-enlightened-bitcoinn">on the road</a> you were meant to be on since birth.   </p><p>If you were to become a writer, you begin to write.  If you were to paint, you paint.  And if you were meant to build, you build.  Anything and everything is now possible.</p><p>Bitcoin may or may not be a major part of your life at this point.  It doesn&#8217;t matter anymore, as it has simply been a tool to free you from the shackles of <a href="https://www.bitcoinpleb.com/p/debt-slavery-bitcoin-saving">debt slavery</a>.  </p><p>It <em><strong>pays you back in time</strong></em>, rather than in material goods or wealth.</p><p>And our time is what we crave control over more than anything else.</p><p>The fiat world makes it extremely difficult to reach this level, as we get caught up in just meeting our lower needs.  </p><p>Bitcoin fixes this.  As the decades roll by, millions will tuck away Bitcoin for themselves and begin to climb the pyramid leading to self-actualization.</p><p>A modern day renaissance will ensue.  Beautiful art, music and writing will explode onto the scene. Deflationary technology built on Bitcoin will free up more time, for more people - everywhere.</p><p>At the same time, wars and financial oppression will be lessened greatly as the fiat money printer continues to malfunction.  In time it eventually meets its maker and Bitcoin becomes world money.</p><p>Maybe Bitcoin has already changed your life.  You may already have more time, you may have doubled down on your commitment to yourself, your family and your community and your financial well being.</p><p>If not, take time now to evaluate ALL that Bitcoin is, and how it indeed is a tool for self-sovereignty AND self-actualization!</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/subscribe?"><span>Subscribe now</span></a></p>]]></content:encoded></item><item><title><![CDATA[Why Dividend Bros Will Get Crushed By the Monetary Revolution]]></title><description><![CDATA[&#8220;Recognizing a problem doesn&#8217;t always bring a solution, but until we recognize that problem, there can be no solution.&#8221; - James Baldwin]]></description><link>https://www.bitcoinpleb.com/p/why-dividend-bros-will-get-crushed</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/why-dividend-bros-will-get-crushed</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Fri, 10 May 2024 19:28:39 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!_qE_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!_qE_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!_qE_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg 424w, https://substackcdn.com/image/fetch/$s_!_qE_!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg 848w, https://substackcdn.com/image/fetch/$s_!_qE_!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!_qE_!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!_qE_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg" width="596" height="551" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:551,&quot;width&quot;:596,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:63816,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!_qE_!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg 424w, https://substackcdn.com/image/fetch/$s_!_qE_!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg 848w, https://substackcdn.com/image/fetch/$s_!_qE_!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!_qE_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5677dd20-d0ec-4492-97ac-593b6b46cf0e_596x551.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Dividend bros have been making the rounds on the X platform lately screeching about their &#8220;method&#8221; which will get you rich and let you kick back and retire on the beach&#8230;</p><p>They sing the praises of their 3% divvy from upstanding corporates like:</p><ul><li><p>Cancer causing cigarette manufacturers Philip Morris and Altria</p></li><li><p>War merchants Lockheed Martin and Raytheon</p></li><li><p>Diabetes inducing soda companies Coke and Pepsi</p></li></ul><p>While it all sounds good in theory, a massive structural problem exists if you are a dividend investor&#8230;</p><p><em>The money is completely fucked</em></p><p>Yep, dividend stock investors have a <strong>massive problem</strong>, but until the problem is recognized they won&#8217;t discover a solution!</p><h2>What Foundation Do You Build Your House Upon?</h2><p>The problem for dividend investors is that we live in 2024.</p><p>Back in 1954, or 1983, or even 1995 you could simply follow the plan of buying solid dividend paying stocks.   </p><p>You&#8217;d do slightly better than inflation, you&#8217;d grow your yearly income as these stocks raised their dividends, and all would go fairly well.</p><p>But in 2024 with $35 trillion in debt hanging over the head of the United States government, things are changing.  </p><p>Failing to recognize big change is on one the greatest blunders an investor can make.  </p><p>Just ask those that held Blockbuster stock in the year 2000.</p><p>They looked at a dominant brand with thousands of stores and simply ignored what was coming down the pike - streaming video services.</p><p>So today, those who are buying and holding dividend stocks are overlooking the termites chewing at the foundation of their investment thesis.</p><p>The DOLLAR ITSELF is going to ruin those who don&#8217;t recognize what is happening right in front of everyone&#8217;s face&#8230;</p><p><em><strong>The first monetary revolution in more than 100 years! </strong></em></p><p>Trillions upon trillions of dollar currency units are going to be created over the next decade ALONE.</p><p>This is just to keep the boat afloat, demolishing the real returns AND the purchasing power of everything denominated in dollar terms.</p><p>Its like building your house on sand.</p><p>It might stay up a month, a year, even a decade.</p><p>But eventually the right storm is going to come along and wash it right off of its foundation, leaving you broke and homeless.</p><h2>Investing Based on Communities?  </h2><p>Many dividend shills value the &#8220;communities&#8221; that are formed via social media.</p><p>Platforms like X allow people from all over the world to come together, exchange ideas and figure out what makes sense.  While this is certainly a bonus, it has no real world bearing on how those investment actually perform.  Social platforms represent just a tiny number of the total number of investors, and they are filled with shills and snake oil salesman who are simply trying to pump their bags.</p><p>Thus, complaints pop up from time to time when asking for advice on potential investments.   Social media engagement farmers inquire about Bitcoin (knowing there are passionate advocates) and are told to go do their own work.  </p><p>Enter &#8220;The Dividend Breeder&#8221; with an all-timer when it comes to rejecting Bitcoin:</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!EtrM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!EtrM!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg 424w, https://substackcdn.com/image/fetch/$s_!EtrM!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg 848w, https://substackcdn.com/image/fetch/$s_!EtrM!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!EtrM!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!EtrM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg" width="1080" height="1227" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1227,&quot;width&quot;:1080,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:120217,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!EtrM!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg 424w, https://substackcdn.com/image/fetch/$s_!EtrM!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg 848w, https://substackcdn.com/image/fetch/$s_!EtrM!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!EtrM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39abd29d-9e5f-4508-a47c-9c55b3e692f3_1080x1227.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>While there are five things wrong with the reasoning posted above, let us focus on one:</p><p><em><strong>&#8220;The majority of the Bitcoin community turned me off&#8221;</strong></em></p><p>Here is an &#8220;investor&#8221; who puts his hard earned capital on the line in markets.  </p><p>These markets are filled cut-throats when it comes to capital allocation &#8212; the Warren Buffetts, the Bill Ackmans and the Stan Druckenmillers.  </p><p><em>Literal Billionaires</em></p><p>Yet, my man is going to pass on the Orange Coin simply because advocates of said coin advised &#8220;The Dividend Breeder&#8221; to go put in the work, study Bitcoin, and figure out for himself if an allocation is wise.</p><p>It&#8217;s a bold plan! Let&#8217;s see if it works out&#8230;</p><h2>Real Value is What Makes a Good Investment</h2><p>So if &#8220;community&#8221; doesn&#8217;t make for a good investment, what is the actual key to the kingdom?</p><p><strong>VALUE</strong></p><p>Everything on earth is valued with some sort of measuring stick.  The dollar is the most popular measuring stick, by far.</p><p>Large, dividend paying stocks like the ones mentioned at the outset bring in billions of dollars in return for their products and services.</p><p>Yet because of the amount of debt accumulated by nation-states, companies and individuals around the world, and ever increasing SUPPLY of those dollars must be created to keep the system running.</p><p>Its just the nature of a debt-based monetary system.</p><p>The <em>full value</em> of a dividend stock is pretty much baked into the cake.  The earnings, growth rate, and overall financials have been around on all of these companies for decades, and their outlook well known by the investment community.</p><p>Hundreds of millions of people hold dividend stocks, and that value WILL BE DILUTED by money printing &#8212; its guaranteed at this point!</p><p>On the other hand Bitcoin looks to be <strong>highly undervalued</strong>, as it provides an escape hatch from the debt based system.  Its a technological advancement, not a stodgy, traditional company with single digit annual growth.</p><p>Bitcoin money is different in that it can be held by the individual with no trusted third party involvement.  Thus, a measure of insurance is baked into the investment that you won&#8217;t find anywhere else besides physical gold.</p><p>So how does this movie end? </p><p>Dividend bros <em>will get crushed </em>in real purchasing power terms, provided they continue to make decisions based on having the dollar as their <em>unit of account</em>.</p><p>You see&#8230;UNLIMITED DOLLARS are available, while only 21 million Bitcoin will ever exist.  </p><p>Placing your trust in a government that has shown no restraint in the management of their currency is only a road to serfdom, nothing more.</p><p>Buy Bitcoin, dump dividends.</p><p>Unless you just don&#8217;t care about missing out&#8230;</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item><item><title><![CDATA[What Dopes Like Jamie Dimon Don't Understand About Bitcoin and How to Use it to Your Advantage]]></title><description><![CDATA[Ignorance is not bliss..and information asymmetry is a bitch!]]></description><link>https://www.bitcoinpleb.com/p/dopes-like-jamie-dimon-bitcoin</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/dopes-like-jamie-dimon-bitcoin</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Thu, 25 Jan 2024 17:25:32 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!_d05!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!_d05!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!_d05!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg 424w, https://substackcdn.com/image/fetch/$s_!_d05!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg 848w, https://substackcdn.com/image/fetch/$s_!_d05!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!_d05!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!_d05!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg" width="1020" height="999" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:999,&quot;width&quot;:1020,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:338390,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!_d05!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg 424w, https://substackcdn.com/image/fetch/$s_!_d05!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg 848w, https://substackcdn.com/image/fetch/$s_!_d05!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!_d05!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1045a60e-c04d-47df-9892-ec9f1c70a49a_1020x999.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Jamie Dimon continues to double down on his Bitcoin hate, but who amongst us is surprised?</p><p>The JPMorgan CEO willingly let himself be Elizabeth Warren&#8217;s little puppet, testifying before congress and playing his &#8220;role&#8221; perfectly.  </p><p>His recommendation to the gubbermint?  <em><strong>Shut down Bitcoin!</strong></em></p><p>Next, dude showed up at Davos and nearly cried on CNBC about Orange Coin. </p><p>When the hosts kept pressing him for his views he begged &#8220;please stop talking about this shit&#8221; after running his mouth about criminals, money launderers and terrorists and their love of Bitcoin.</p><div id="youtube2-eneB3s9bCdI" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;eneB3s9bCdI&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/eneB3s9bCdI?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><p>So, should you listen AT ALL to Jamie?</p><h3>Know-it-all or Know Nothings?</h3><p>While Dimon undoubtedly knows a LOT about fiat, the Federal Reserve and its influence, and the TradFi system, he is either <em><strong>ignorant or lying</strong></em> about Bitcoin.</p><p>His rambling incoherent word salad about &#8220;blockchain not Bitcoin&#8221; in the clip above was taken straight from 2017, letting us know he&#8217;s still ignorant!</p><p>Frankly, in 2024 this is inexcusable.  Technology marches on and individuals clinging to the old ways will be steamrolled.  Undoubtedly shareholders and board members at JPMorgan are beginning to tire of Jamie&#8217;s ignorance about the <a href="https://bitcoinpleb.substack.com/p/bitcoin-unlike-other-financial-assets">greatest monetary revolution</a> in history.</p><p>Even Larry Fink bent the knee, and quickly pushed his Bitcoin ETF straight through the paper tiger that is the SEC!  </p><p>He did enough WORK to figure out the Bitcoin is REAL and it isn&#8217;t going away.  Oh, and he wanted to collect a shit-ton in fiat fees as well.</p><p>Know-it-alls on one topic (fiat) continue to be Know-Nothings on the topic of Bitcoin.</p><p>They&#8217;ll continue to be decimated in Bitcoin terms as time goes by, but that&#8217;s a GOOD thing for you!</p><h3>Bitcoin is a Commodity, and No Amount of Whining Changes That!</h3><p>Fiat maximalists continue to conflate <em><strong>what Bitcoin is</strong></em>&#8230;</p><p>Bitcoin is <a href="https://bitcoinpleb.substack.com/p/the-seriousness-of-bitcoin-and-why">not fiat</a>, but dopes like Dimon think that it is&#8230;as illustrated at 2:30 of the video above:</p><div class="pullquote"><p>"I think there's a good chance, when we get to that 20 million bitcoins...Satashi [sic] is going to come on there, laugh hysterically, go quiet, and all Bitcoins [are] going to be erased. How the hell [do] you know it&#8217;s going to stop at 21?"</p></div><p>Sorry Jamie, the code has been written and is being enforced every ten minutes by the largest computer network ever assembled in mankind&#8217;s history.  </p><ul><li><p>Whining about it won&#8217;t change that fact</p></li><li><p>Calling us &#8220;criminals&#8221; won&#8217;t change that fact</p></li><li><p>Labeling us &#8220;terrorists&#8221; won&#8217;t change that fact</p></li><li><p>Accusing us of &#8220;money laundering&#8221; won&#8217;t change that fact</p></li><li><p>Slandering &#8220;Satashi&#8221; with some off-the-wall conspiracy theory won&#8217;t change that fact</p></li></ul><p>&#8220;Satashi&#8221; set us on a new course, where a new commodity money is transparent, open and auditable by anyone, anywhere at any time.</p><p>Ignoring facts has always been a recipe for disaster for those in competition with a new, better technology.  </p><p>If you doubt that, just ask Blockbuster shareholders.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!KCCJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F796479d6-6216-4ea0-b53d-0e97af96188c_697x353.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!KCCJ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F796479d6-6216-4ea0-b53d-0e97af96188c_697x353.png 424w, https://substackcdn.com/image/fetch/$s_!KCCJ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F796479d6-6216-4ea0-b53d-0e97af96188c_697x353.png 848w, https://substackcdn.com/image/fetch/$s_!KCCJ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F796479d6-6216-4ea0-b53d-0e97af96188c_697x353.png 1272w, https://substackcdn.com/image/fetch/$s_!KCCJ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F796479d6-6216-4ea0-b53d-0e97af96188c_697x353.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!KCCJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F796479d6-6216-4ea0-b53d-0e97af96188c_697x353.png" width="697" height="353" 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https://substackcdn.com/image/fetch/$s_!KCCJ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F796479d6-6216-4ea0-b53d-0e97af96188c_697x353.png 848w, https://substackcdn.com/image/fetch/$s_!KCCJ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F796479d6-6216-4ea0-b53d-0e97af96188c_697x353.png 1272w, https://substackcdn.com/image/fetch/$s_!KCCJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F796479d6-6216-4ea0-b53d-0e97af96188c_697x353.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3>Using Information Asymmetry to Your Advantage</h3><p>The danger for a know-it-all is that ignorance and pride prevents you from <em><strong>really seeing</strong></em> what is going on.</p><p>My guess is that Dimon just cannot fathom a new monetary system, one where rules rather than rulers determine how things work.</p><p>Anyone who has spent 1,000 hours <a href="https://bitcoinpleb.substack.com/p/spending-100-hours-understanding-bitcoin">studying Bitcoin</a> knows better.  Technology upgrades have happened in telecom, media, and transportation.  Only an arrogant fool would think that MONEY would be impervious to a similar upgrade.</p><p>Thus, <strong>plebs</strong> enjoy a massive advantage over the legacy thinking that pervades society today on this topic.</p><p>We&#8217;ve done the work, we&#8217;ve started stacking, and we won&#8217;t stop til EVERYONE agrees with us &#8212; RULES NOT RULERS.</p><p>Thus, your advantage comes into play when you recognize <em><strong>how early</strong></em> you are.</p><p>Today a million Sats can be had for a mere $400 as Bitcoin continues to hover around $40,000.</p><p>With three Bitcoin halvings happening in next 3,000 days, this fiat price will look STUPID CHEAP when we look back at it in 20 years&#8230;</p><p>Stack Harder!</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/dopes-like-jamie-dimon-bitcoin?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/dopes-like-jamie-dimon-bitcoin?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Bitcoin Pleb  is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Why Understanding Bitcoin is Far More Important Than You Think]]></title><description><![CDATA["Any fool can know. The point is to understand." - Albert Einstein]]></description><link>https://www.bitcoinpleb.com/p/why-understanding-bitcoin-knowing</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/why-understanding-bitcoin-knowing</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Tue, 23 Jan 2024 19:23:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!ndpy!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ndpy!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ndpy!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png 424w, https://substackcdn.com/image/fetch/$s_!ndpy!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png 848w, https://substackcdn.com/image/fetch/$s_!ndpy!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png 1272w, https://substackcdn.com/image/fetch/$s_!ndpy!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ndpy!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png" width="1025" height="938" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:938,&quot;width&quot;:1025,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2501677,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!ndpy!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png 424w, https://substackcdn.com/image/fetch/$s_!ndpy!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png 848w, https://substackcdn.com/image/fetch/$s_!ndpy!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png 1272w, https://substackcdn.com/image/fetch/$s_!ndpy!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef19a9ad-cff4-417d-807f-a5d33bef7d3c_1025x938.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Pretty much everyone &#8220;knows&#8221; about Bitcoin now&#8230;</p><p>But they do not <em>understand</em>&#8230;</p><p>The separation will happen &#8212; both Kings and Slaves are making their choice now.</p><p>In a generation there won&#8217;t be an option.  You will either be set for life, or you&#8217;ll have to WORK for your Bitcoin.</p><p>We are truly living in amazing times&#8230;right on the cusp of the greatest change in mankind&#8217;s history.</p><p>Nothing can change it, and nothing can stop it.</p><h3>Knowing About Bitcoin</h3><p>We all start somewhere with new topics, and Bitcoin isn&#8217;t an exception to that.</p><p>Most new things are confusing.  Our minds are already filled to the brim, <em><strong>attention and focus</strong></em> are commodities in short supply.</p><p>Snippets, soundbites and cynicism rule the roost.</p><p>That&#8217;s why you have to ignore the herd, trust your gut, and most importantly - study BItcoin!</p><p>If you don&#8217;t, you&#8217;ll simply be swept along by the prevailing currents.  We all know where that leads.  </p><p>In a 9 to 5 job with little to no prospects of real freedom outside of a few weeks of vacation, a mailbox full of credit card bills and the dim hope of retirement&#8230;&#8220;someday&#8221;.</p><p><em><strong>Knowing about Bitcoin isn&#8217;t enough!</strong></em></p><p>Understand is where we are at, get your knuckles dirty, and shut off Netflix for a month or two! </p><p>DIVE into the most important question of our times&#8230;What is Money?</p><h3>Understanding Bitcoin - A Monumental Task </h3><p>Nobody fully &#8220;gets it&#8221; yet.  The longer you study Bitcoin, the more your mind is blown.</p><p>In 100 years, historians will laugh their collective ass off when reading takes from the Fiat Maximalists of our day and time.  </p><p>Like trying to cure a disease by applying leeches to skin, fiat money will be viewed as an absurd and unjust relic of days gone by.</p><p>But we live in the here and now, so the learning, the studying and <a href="https://bitcoinpleb.substack.com/p/price-is-what-you-pay-value-bitcoin">the understanding</a> of this discovery starts with us.</p><p>One by one, each human will determine that their labor can be stored in a manner free from manipulation and influence by those in power.  </p><p>The effects of this are just starting to seep into the ground.   As millions of Bitcioners turn into billions of Bitcoiners, there will be no turning back.</p><p>Hard money ALWAYS wins, no matter who opposes it and no matter how long they fight against it.</p><p>In the end, fiat maximalists will simply Have Fun Staying Poor until they bend the knee to Bitcoin.</p><div class="captioned-button-wrap" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/why-understanding-bitcoin-knowing?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;}" data-component-name="CaptionedButtonToDOM"><div class="preamble"><p class="cta-caption">Thank you for reading Bitcoin Pleb . This post is public so feel free to share it.</p></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/why-understanding-bitcoin-knowing?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/why-understanding-bitcoin-knowing?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p></div><h3>Your Legacy Hangs in the Balance</h3><p>Reflection is critical at an important inflection point like this.  </p><p>What are you really doing with your time and money?  Who has their hand in your pocket, carefully extracting value from your day-after-day, year-after-year?</p><p>Clues about the failure of fiat and the rise of Bitcoin surround us all, yet many hesitate to go &#8220;all in&#8221;, to grab the brass ring, to let it all hang out.  To be unapologetically DIFFERENT when it comes to YOUR MONEY.</p><p>Ironically, Bitcoin is rationally the safest choice for a person trying to protect the fruitage of their labor.  It can&#8217;t be artificially inflated by gubbermint and their Central Banking lackeys.</p><p>The question then is:  <em>Do you understand?</em></p><p>Any fool can know, as Einstein said.  </p><p>But to <em><strong>understand</strong></em> means to then take rational action and secure your share of the scarcest asset ever known to man.</p><p>Your great-grandchildren will never remember you for being at degenerate trader who shitcoined his way from four to five figures.   </p><p>But they WILL remember the man who patiently and carefully stacked year in and year out for a decade.  Securing his bag for his family, forever.</p><p>Games are for dopes and noobs, serious investors play the long game.</p><p>Generational wealth is at stake, don&#8217;t screw it up.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Bitcoin Pleb  is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[The Illusion of Being Late to Bitcoin - An Impossibility You Must Banish From the Mind]]></title><description><![CDATA[You are here...right on time!]]></description><link>https://www.bitcoinpleb.com/p/illusion-of-being-late-to-bitcoin</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/illusion-of-being-late-to-bitcoin</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Sun, 08 Oct 2023 22:58:53 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!JOiU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!JOiU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!JOiU!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg 424w, https://substackcdn.com/image/fetch/$s_!JOiU!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg 848w, https://substackcdn.com/image/fetch/$s_!JOiU!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!JOiU!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!JOiU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg" width="1024" height="901" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:901,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:409585,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!JOiU!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg 424w, https://substackcdn.com/image/fetch/$s_!JOiU!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg 848w, https://substackcdn.com/image/fetch/$s_!JOiU!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!JOiU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8e569c5b-10b7-4047-b6ae-a50c1f303f4e_1024x901.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>An X/Twitter post from <a href="https://twitter.com/ZinedHodl">@ZinedHodl</a> about &#8220;being late&#8221; to Bitcoin inspired a few thoughts&#8230;</p><p>Here it is:</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!_8h-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!_8h-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg 424w, https://substackcdn.com/image/fetch/$s_!_8h-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg 848w, https://substackcdn.com/image/fetch/$s_!_8h-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!_8h-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!_8h-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg" width="1192" height="388" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:388,&quot;width&quot;:1192,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:78955,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!_8h-!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg 424w, https://substackcdn.com/image/fetch/$s_!_8h-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg 848w, https://substackcdn.com/image/fetch/$s_!_8h-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!_8h-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa25ba197-61a3-424d-9320-5066fc28ec6e_1192x388.jpeg 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>After mulling it over a moment or two, it really began to bother me.   I would HATE to think that a young person, facing down Clown World right now might think he&#8217;s not stacking enough, or even worse quits stacking altogether.</p><p>TL: Don&#8217;t wanna read?</p><p><strong>YOU ARE NOT TOO LATE, YOU ARE SO EARLY IT IS RIDICULOUS!</strong></p><p>Here&#8217;s why&#8230;</p><h3>Nobody of Importance (Besides Saylor) Has Run the Numbers</h3><p>99.9% of Normie World has not run the numbers.  </p><p>And this includes those who should&#8217;ve by now &#8212;  Billionaires, Millionaires, Hedge Fund Managers, Sovereign Wealth Funds, Economists, Wall St. boys, Financial Advisors &#8212; ALL CLUELESS!</p><p>They don&#8217;t know <em><strong>how this works</strong></em>.  </p><p>They don&#8217;t know what absolute scarcity even is, let alone what it means.  Only the plebs &#8220;get it&#8221;.</p><p>Bitcoin Maximalists have done math, and know how this movie ends. </p><p>That&#8217;s why they don&#8217;t do shitcoins, don&#8217;t entertain scammers and grifters, don&#8217;t trade, don&#8217;t Fuck Around &#8212;  they don&#8217;t want to Find Out and be humbled by Bitcoin.</p><p>There are only <strong><a href="https://satoshisperperson.com">240,000 sats per person</a></strong> available, and that number goes down every day.</p><p>That is just $70 bucks or so right now.  Accumulate as much as you can and you will absolutely be a Prince in Bitcoin-Land.</p><p>Just buy, HODL and wait.</p><h3>Why You Are Early, Even if Your Mind Says You&#8217;re Late!</h3><p>Lets forget everything above, just imagine you really were &#8220;late&#8221; to Bitcoin and what that would mean.</p><p>First off, it would mean Bitcoin is on its way to becoming World Money, and everything that entails.  </p><p>All transactions, all value, and all monetary communication happening in Bitcoin - soon!</p><p>With that knowledge, how would you begin acting?</p><p>If we were even half way to this point, you&#8217;d immediately reduce all of your fiat savings and increase your Bitcoin savings.  </p><p>You would maximize this in each and every way possible, as you already KNOW dollars are going away and Bitcoin is being valued as an everlasting storage asset that you will be able to rely on for the rest of your life.</p><p>So you&#8217;d be &#8220;later&#8221; than 50 percent of people, but you&#8217;d automatically beat the other 50 percent to the punch by fully allocating to Bitcoin at that particular point in time.</p><p>Easy enough&#8230;and get this:</p><p><strong>WE ARE NOWHERE NEAR 50% POINT OF HYPERBITCOINIZATION</strong></p><p>But there&#8217;s more&#8230;an even more rational way to look at &#8220;being late to Bitcoin&#8221;!</p><h3>Even if You Were &#8220;Late&#8221;, You&#8217;d Still Show Up!</h3><p>Ever have a really important event in your life requiring a firm time commitment?</p><p>Think important job interview, your prom, or maybe even your wedding!</p><p>If, God forbid something really got in your way in the moments leading up to that event, would you just bail?  </p><p>Not show up?  </p><p>Ghost everyone waiting for you?</p><p>NO</p><p>You&#8217;d swallow your pride, get there as fast as possible, and make amends as best you could.</p><p>It would be embarrassing, it would suck, and you&#8217;d feel pretty damn bad about the whole thing.  </p><p>But you would at least try&#8230;</p><p>So it is with Bitcoin today.</p><p>People are so HUNG UP on the irrelevant fiat price of Bitcoin, they think they&#8217;ve &#8220;missed it&#8221; and its a better idea to go look for other speculative ventures where they can try to get their 1,000x with no work.</p><p>Give it up.</p><p>Bitcoin IS the important job interview, the prom, your Wedding and every other important thing EVER, all wrapped up in a pretty unconfiscatable Orange Coin.</p><p>You&#8217;ve got to show up, even if you <em><strong>think you are late </strong></em>and make YOUR BEST EFFORT to stack as much of it for yourself &#8212; NOW!</p><p></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/illusion-of-being-late-to-bitcoin?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/illusion-of-being-late-to-bitcoin?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Why 80 IQ Plebs Are Choosing Superior Bitcoin Over Inferior Fiat]]></title><description><![CDATA[Either follow fiat money to its grave or adapt and thrive with Bitcoin]]></description><link>https://www.bitcoinpleb.com/p/plebs-are-choosing-superior-money-bitcoin</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/plebs-are-choosing-superior-money-bitcoin</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Tue, 12 Sep 2023 12:45:10 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!8aAv!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!8aAv!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!8aAv!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg 424w, https://substackcdn.com/image/fetch/$s_!8aAv!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg 848w, https://substackcdn.com/image/fetch/$s_!8aAv!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!8aAv!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!8aAv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg" width="1024" height="751" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:751,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:333746,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!8aAv!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg 424w, https://substackcdn.com/image/fetch/$s_!8aAv!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg 848w, https://substackcdn.com/image/fetch/$s_!8aAv!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!8aAv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0afda3-e6eb-401f-a7eb-63cd254b314c_1024x751.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p><p>Bitcoiners are often accused of having a superiority complex&#8230;</p><p><em><strong>Guilty!</strong></em></p><p>My money is better than yours.  </p><p>In fact, so much better it is embarrassing that we even have to have this conversation, but here we are&#8230;</p><p><em>Here the hell we are!</em></p><p>So let&#8217;s get it on&#8230;</p><h3>Ordinary Money and Its Absurdity</h3><p>Today everyone worships at the Altar of the Almighty Dollar</p><p>A currency debased by 80-90% of its value since 1971, depending on the statistics you&#8217;re buying.</p><p>And yet people are still mesmerized by this fraud of a currency, masquerading as money.</p><p>To be fair, its the prettiest horse in the glue factory.  But the death sentence has already been issued with the advent of Bitcoin.  Now we wait for each currency to meet its end in the slaughterhouse that is the global financial system.</p><p>Amazingly, every other currency has been worse than the Dollar over the last five decades, and yet nobody really stops to think about what is going on and what to do about it.</p><p>Well that&#8217;s not entirely true, <em>people do act</em> in times like these, they just don&#8217;t really know <em>why they act</em> in the way they do&#8230;</p><p>Take for example, residential real estate. </p><p>Since the end of the gold backed Dollar, people have used real estate to store value.</p><p>This has worked magnificently for baby boomers, provided they stayed in the market. Those who didn&#8217;t buy somewhere along the line, and hold that real estate are now facing tough times as the value of their pension, their 401(k), and their pittance of a social security check barely pay for their basic needs.</p><p>A lifetime of saving, done in the <em><strong>wrong financial instrument</strong></em>, can lead to heartbreak.</p><p>A person could have saved for fifty years, putting their labor into bank CDs, money market funds, and even have a pension.</p><p>Yet be <em>flat broke</em> in their Golden Years in 2023&#8230;</p><p>Indeed, the Dollar is some shitty money if you&#8217;re trying to store value over the last 50 years!</p><h3>Extraordinary Money and Its Power</h3><p>On the other hand, Bitcoin is the Anti-Fiat.</p><p>Nearly every year Bitcoin goes up in value in comparison to its nearest competitor, the US dollar.</p><p>But it is far more spectacular than that&#8230;</p><p>Bitcoin lets its user send value anywhere in the world without some <strong>punk-ass bank</strong> getting in the way.</p><p>You&#8217;re probably familiar with banks.  </p><p>These horrid, disgusting institutions constantly nose into your business, rape you on interest rate spreads (and fees), and still manage to get charged with fraud on the daily.</p><p>We all deal with them, and as long as the stench of fiat continues to waft over this world most of us will have to continue doing at least a little bit of business with them.</p><p>But the end of banks is near, and it can&#8217;t come a minute too soon.</p><p>Bitcoin ends the abusive practice known as banking, at least for responsible, freedom loving individuals that wish to sever ties with these parasites.</p><p>That in and of itself is a tremendous reason to investigate, buy and use Bitcoin today.</p><p>But ending banking is just a side benefit, there are more important things each individual must do in these critical years ahead - namely saving in Bitcoin for your self preservation.</p><p>A fundamental shift is happening, and your long term survival is on the line.  You only need to look at the poor sap who saved in dollars instead of real estate starting in 1971&#8230;</p><h3>The End Game - Fiat Dies and Bitcoin Thrives</h3><p>That fundamental shift is happening now.</p><p>Fiat is dying, and there isn&#8217;t a thing anyone can do about it.  Not banks, not politicians and certainly not <strong>head-up-their-ass</strong> governments. </p><p>They know it&#8230;that&#8217;s why they are literally spending trillions right here and right now.  </p><p>Once the credit card limit is reached, nobody will care how many guns they have, it will be over!</p><p>So what does it mean for you and I?</p><p>Provided you&#8217;ve already secured your own stack, it is critical to now <em><strong>educate</strong></em>, and to <em><strong>flagellate</strong></em>.</p><p>Educate at first, if you&#8217;ve been in Bitcoin for a bit your family and friends know it.  </p><p>They know you&#8217;re the kook who loves magic internet money.   The nerd who follows and documents the sins of the Fed.  The geek who runs a Bitcoin node to verify all of that magic money is legit.</p><p>So make sure they feel comfortable coming to you for advice and guidance.  Don&#8217;t talk down to them, don&#8217;t lecture them, don&#8217;t intimidate them&#8230;help them!</p><p>Most aren&#8217;t ready to jump in and swim in the ocean right away.  So guide them to a place to buy some Bitcoin safely and securely, help them sock it away once they&#8217;ve stacked a few million sats so they don&#8217;t get rugged.  Confidently answer their questions and concerns.</p><p>Once that is done, its time to flagellate.</p><p>Yes, <em><strong>flog the hell</strong></em> out of the existing financial system.  Enough of the rape and plunder of ordinary folks trying to make a living on the fiat standard.  It is indeed time to accelerate the Bitcoin standard for the sake of humanity as a whole!</p><p>Do it in you&#8217;re own unique way&#8230;we all have our own God Given Gifts that we can use.</p><p>If you&#8217;re a speaker&#8230;.SPEAK</p><p>If you&#8217;re a memer&#8230;MEME</p><p>If you&#8217;re a writer&#8230;WRITE</p><p>If you&#8217;re a warrior&#8230;FIGHT</p><p>And since it all started with stackers&#8230;STACK</p><p>There&#8217;s no wrong way to call out the injustice and sins of the banking and political class.  The more noise we make, the more people <em><strong>will take note</strong></em>, and hopefully wake up!</p><p></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/plebs-are-choosing-superior-money-bitcoin?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/plebs-are-choosing-superior-money-bitcoin?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><p></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p><p></p>]]></content:encoded></item><item><title><![CDATA[Governments Want You to Have Fun Staying Poor - Why it Means Bitcoin Cannot Fail]]></title><description><![CDATA[Nothing motivates humans more than lifestyle erosion]]></description><link>https://www.bitcoinpleb.com/p/governments-have-fun-staying-poor</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/governments-have-fun-staying-poor</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Mon, 11 Sep 2023 17:56:28 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!C3qe!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!C3qe!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!C3qe!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg 424w, https://substackcdn.com/image/fetch/$s_!C3qe!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg 848w, https://substackcdn.com/image/fetch/$s_!C3qe!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!C3qe!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!C3qe!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg" width="1024" height="948" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:948,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:328926,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!C3qe!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg 424w, https://substackcdn.com/image/fetch/$s_!C3qe!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg 848w, https://substackcdn.com/image/fetch/$s_!C3qe!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!C3qe!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a0e08b7-a421-444b-bd5c-37dd37596fe6_1024x948.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Central banks and government are on a mission.</p><p>It&#8217;s simple, but not easy.  They want to steal from you.  They&#8217;ve always been stealing, but now they want to steal MORE.</p><p>Because they&#8217;ve made such bad decisions in the past, they now must make up for it.  And that involves elevated inflation, for an elevated period of time.</p><p>It&#8217;s a game, of course.   Them against YOU, and taking from YOU for as long as possible is how they get out of this mess.</p><h3>Have Fun Staying Poor - What it Really Means</h3><p>Bitcioners are criticized for their <strong>&#8220;</strong><em><strong>give no fucks&#8221;</strong></em> attitude when it comes to convincing others they have have the solution.</p><p>The evolution of Have Fun Staying Poor from a meme to <em>absolute reality</em> is based in the cold, hard truth of the protocol.  Bitcoin is, and whether you decide to participate is up to you and nobody else.</p><p>We are at the point where Bitcoin&#8217;s inflation rate is well under the official inflation numbers for the US dollar.  And far below the unofficial rate for the things that matter like having a damn house to sleep under.  Next year Bitcoin hardens even further, daily supply reduces by another 50%, and minds get blown yet again.</p><p>But billions still slumber along using fiat as their unit of account.</p><p>Meanwhile, Bitcoin Kings continue stacking day-in-and-out without a care about whether others join them in the crusade for hard money.</p><p>You see, HFSP means a single thing &#8212; FREEDOM.</p><p>Freedom to live your life without worry about what everyone else says, does or thinks about Bitcoin.</p><p>Freedom to save, spend, and store value without interference.</p><p>Freedom to live and let live, even if others decide to use fiat and hurt themselves in the process.</p><p>And the <em>freedom to know</em>, that no matter what, people will begin to act in their own interest once the pain becomes great enough.</p><h3>How Have Fun Staying Poor Works in Reality</h3><p>Over the past 14 years, Bitcoiners have made the choice to not remain poor.</p><p>They&#8217;ve seen fiat in action, studied the levers behind fiat manipulation, and simply opted out from one degree to another.</p><p>You and I each made that choice, based on evidence.  Oftentimes that evidence has been first hand.  We&#8217;ve been diluted by fiat currency to such a point where we&#8217;ve put our money where our mouth is, and stored value in another form of money &#8212; Bitcoin.</p><p>This will continue&#8230;</p><p>Everyday people wake up a little more poor than they did yesterday.  And everyday a few hundred or thousand of them start searching for a way to prevent government theft.</p><p>They search through their options&#8230;</p><p>Stocks - Bonds - Gold - Silver - Houses - REITS - cRyPto</p><p>BITCOIN</p><p>And one at a time they exchange fiat for Bitcoin, and get off the HFSP train</p><p>You see&#8230;humans really HATE being stolen from.  </p><p>The problem for many is that they just don&#8217;t know they are being ripped off.  But rampant inflation changes this in a way that governments simply cannot control.  In the process of creating inflation, they WAKE PEOPLE UP!</p><p>And that is where we are today&#8230;</p><h3>Establishment Desperation and the HFSP Narrative</h3><p>When the establishment KNOWS their propaganda isn&#8217;t working, they have one solution&#8230;more propaganda!</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!UiQI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!UiQI!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg 424w, https://substackcdn.com/image/fetch/$s_!UiQI!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg 848w, https://substackcdn.com/image/fetch/$s_!UiQI!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!UiQI!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!UiQI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg" width="1177" height="608" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/e304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:608,&quot;width&quot;:1177,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:117408,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!UiQI!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg 424w, https://substackcdn.com/image/fetch/$s_!UiQI!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg 848w, https://substackcdn.com/image/fetch/$s_!UiQI!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!UiQI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe304a42c-598d-47bb-8169-befac75af562_1177x608.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Source: <a href="https://twitter.com/paulkrugman/status/1699902891795063117?s=20">Twitter</a></p><p>Above we see the King of Fiat Economics underhandedly berating the public.   His claim that &#8220;inflation is down&#8221; reeks of financial privilege and a total disregard for the lower classes struggling to make ends meet.   </p><p>Yet, it is entirely predictable.</p><p>Krugman&#8217;s job is to make you think everything is OK.  That the government and Central Bank knows what it is doing, and that you need to keep on trusting them.  </p><p>Yet his argument holds no water when examined closely.  Inflation is still running well above the Fed&#8217;s 2% target, it is only &#8220;lower&#8221; when compared to the 7% rate it was running at just a year ago.</p><p><em><strong>Thus, we Bitcoin&#8230;</strong></em></p><p>Deep down, Paul is not dumb.  He is captured.  He is owned by interests far bigger and more influential than you or I&#8230;thus he must toe the line.</p><p>As a fiat economist he must encourage the public to Have Fun Staying Poor!  </p><p>He must promote the idea that the continued erosion of the middle and lower class lifestyle is not only acceptable, it is necessary!  </p><p>Even if it is a big, fat lie&#8230;</p><p>Fortunately, technology and human action advances no matter the opposition.</p><p>Hundreds of millions are already in the lifeboat.</p><p>Billions more will jump in before the decade ends&#8230;and then fiat dies forever.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/governments-have-fun-staying-poor?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/governments-have-fun-staying-poor?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><p> </p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p><p></p>]]></content:encoded></item><item><title><![CDATA[Why I Don't Want a Spot Bitcoin ETF...Yet]]></title><description><![CDATA[Proof of Work for another decade>Wall Street Bullshit]]></description><link>https://www.bitcoinpleb.com/p/why-a-dont-want-a-spot-bitcoin-etfyet</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/why-a-dont-want-a-spot-bitcoin-etfyet</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Tue, 22 Aug 2023 23:14:38 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!jnsG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!jnsG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!jnsG!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg 424w, https://substackcdn.com/image/fetch/$s_!jnsG!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg 848w, https://substackcdn.com/image/fetch/$s_!jnsG!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!jnsG!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!jnsG!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg" width="1024" height="835" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:835,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:432451,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!jnsG!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg 424w, https://substackcdn.com/image/fetch/$s_!jnsG!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg 848w, https://substackcdn.com/image/fetch/$s_!jnsG!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!jnsG!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1474d52c-15ee-4ad1-8f5c-9341830a38cd_1024x835.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Pondering the moon boys speculate over the Bitcoin ETF over the past weeks has led me to a surprising conclusion&#8230;</p><p>I don&#8217;t care when the EFT comes, in fact I would prefer it be another 5-10 years..</p><p>Why?</p><p>It all boils down to proof-of-work.</p><p>I want more Bitcoin in the hands of those who study this question:</p><p><em><strong>What is Money?</strong></em></p><p>This is the question that mints new plebs, builds hardened Bitcoiners, and will lead to a better society.</p><h3>Moon My Bags, Baby</h3><p>All of us want to be wealthy of course.</p><p>We are far enough along, that barring nuclear war there isn&#8217;t anything that is going to stop Bitcoin.  It is so far ahead of every other money, there isn&#8217;t a debate any longer.  </p><p>This is assuming that you&#8217;ve done the work, and answered that question for yourself &#8212;</p><p><em>What is money?</em></p><p>Its now a question of sooner or later.  When will Bitcoin Moon?  Who will reap the majority of the rewards of this new asset class absolutely devouring fiat instruments?</p><p>Wall Street or the plebs?</p><h3>The Problem of Wealth Distribution</h3><p>Wall Street, in conjunction with spineless politicians have done a masterful job of bailing out fiat multiple times over the last five decades.</p><p>1987 crash led to the Greenspan Put</p><p>2008 financial crisis led to TARP and massive printing</p><p>COVID crash, print some more</p><p>All in all, socialism for the rich, they were made whole by the printer time after time, by simply using their connections in the government.  Whining and crying for bailouts all the while taking cover under the cloak of scaring the common folk with the idea they would all lose their job if they didn&#8217;t go along with the scam.</p><p>What has it led to?</p><p>Massive wealth inequality, and the slow destruction of the middle class.</p><p>Bitcoin fixes this, but it will be more beneficial to the <em>right people</em> if it takes longer.</p><p>So lets hope work - hard, dedicated work is involved for a bit longer&#8230;</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/why-a-dont-want-a-spot-bitcoin-etfyet?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/why-a-dont-want-a-spot-bitcoin-etfyet?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><h3>The Work That is Bitcoin</h3><p>If you&#8217;re reading this, you&#8217;re probably the paranoid oddball of your family&#8230;</p><p>Which is a good thing.</p><p>You don&#8217;t trust, you verify.</p><p>You started reading about Bitcoin, and dismissed it.  We all do the first time. But something clicked somewhere, and you looked again.</p><p>You started studying, reading, listening, buying, and then storing Bitcoin&#8230;</p><p>But it didn&#8217;t stop there.  You kept going.  You double-checked, triple-checked, and checked again today.  </p><p>Is there a flaw in my understanding?  What else can I learn?  Who can I trust?</p><p>In the end, the work paid off.  Your purchasing power increased, but you realized this isn&#8217;t about fiat gains &#8212; it&#8217;s about FIXING THE MONEY.  </p><p>Fixing it once and for all.  Kicking the leeches, the rent seekers, and the bloated fat-cats out of their comfy chairs and forcing them to get a real job for once in their life.</p><p>And we&#8217;ve only just begun&#8230;</p><p>Work is hard, and work is rewarding.</p><p>Work is not logging into your online IRA account and clicking &#8220;BUY BITCOIN ETF&#8221;</p><p>Nope, not for a second.</p><p>Work is studying Bitcoin, teaching Bitcoin to your children <em>and then reaping the rewards&#8230;</em></p><p>A Bitcoin ETF will come, it is indeed inevitable.  Wall Street has already missed out on Bitcoin in a massive way.  They won&#8217;t tolerate it much longer.  </p><p>But quit rooting for it.</p><p>We need more plebs in the lifeboat first.  More hard workers, more low time preference men, women, and their children.  Hard money in the hands of the hardest, most dedicated individuals first.</p><p>More work, then the rewards&#8230;</p><p></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[One System Is Pure Fuckery - One Has Fixed Rules Everyone Agrees Upon]]></title><description><![CDATA[Play fiat games, win fiat prizes...]]></description><link>https://www.bitcoinpleb.com/p/one-system-is-pure-fuckery-one-has</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/one-system-is-pure-fuckery-one-has</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Mon, 21 Aug 2023 19:12:09 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!yzB-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!yzB-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!yzB-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png 424w, https://substackcdn.com/image/fetch/$s_!yzB-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png 848w, https://substackcdn.com/image/fetch/$s_!yzB-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png 1272w, https://substackcdn.com/image/fetch/$s_!yzB-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!yzB-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png" width="1023" height="867" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a8d46da5-945e-4708-91ec-2d2408613604_1023x867.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:867,&quot;width&quot;:1023,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2290320,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!yzB-!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png 424w, https://substackcdn.com/image/fetch/$s_!yzB-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png 848w, https://substackcdn.com/image/fetch/$s_!yzB-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png 1272w, https://substackcdn.com/image/fetch/$s_!yzB-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8d46da5-945e-4708-91ec-2d2408613604_1023x867.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p><p>Imagine playing Monopoly with a few friends&#8230;</p><p>One person is nominated Banker, as always.  But these friends tell you before the game starts, this banker gets special powers, outside of the rules written in the box.</p><p>In this game, the banker gets to give money out, whenever he wants and to whoever he wants.  Your friends tell you they&#8217;ve played before and usually he gives the money to himself, but occasionally he gives them some extra cash too&#8230;</p><p>You see, your friends have swallowed the kool-aid that is fiat economics.  They whine and complain to you that &#8220;a little inflation is necessary&#8221;, you know, to make sure things roll along smoothly.</p><p>Sound fun?  Or does it just sound insane?</p><p>That is Clown World we live in, one of the &#8220;friends&#8221; of the Banker is Paul Krugman, who today endorsed an increase in the targeted inflation rate from 2 to 3%:</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!52po!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!52po!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png 424w, https://substackcdn.com/image/fetch/$s_!52po!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png 848w, https://substackcdn.com/image/fetch/$s_!52po!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png 1272w, https://substackcdn.com/image/fetch/$s_!52po!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!52po!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png" width="606" height="520" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/cecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:520,&quot;width&quot;:606,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:339796,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!52po!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png 424w, https://substackcdn.com/image/fetch/$s_!52po!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png 848w, https://substackcdn.com/image/fetch/$s_!52po!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png 1272w, https://substackcdn.com/image/fetch/$s_!52po!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcecab1fd-a32a-4dcf-8413-ff7d4021d970_606x520.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Source: <a href="https://twitter.com/paulkrugman/status/1693597491030090195">Twitter</a></p><h3>Clarity on What Fiat Economists are Endorsing</h3><p>Lets be extremely clear on what the Pied Piper of Fiat Economics is calling for:</p><p><em><strong>Theft</strong></em></p><p>Stealing more money from EACH and EVERY hard working person&#8217;s pocket.</p><p>Bad enough the government taxes you to no end on your labor, but this arbitrary increase on the arbitrary target of 2% inflation will be an absolute gut-punch to everyone not paying attention.</p><p>Inflation steals from EVERYONE and hurts the middle class and the poor the most.</p><p>Without a stable currency, people&#8217;s thinking continues to move toward the high time preference, which kicks off an ever increasing doom loop.  Tolerating higher &#8220;official inflation&#8221; (we all know unofficial inflation is already far higher) allows government, central bankers, and Wall Street casino operators greater flexibility to spend your money without accountability.</p><p>Thank God for Bitcoin</p><h3>Opting Out of the Fiat Game&#8230;Rules Not Rulers</h3><p>If it isn&#8217;t clear to you yet, here&#8217;s the simple explanation&#8230;</p><p>One game is pure fuckery.  Government and central banks are in a world of trouble with the debt they&#8217;ve run up over the last 50 years on the fiat standard.  They are rolling out their soothsayers like Paul Krugman to grease the wheels, insisting that &#8220;2% theft doesn&#8217;t quite work, we need 3% theft&#8230;INDEFINITELY&#8221;</p><p>You know where this ends up.  </p><p>3% is just a stopping point along the tracks to whatever number they can get away with.</p><p>The other game is Bitcoin.</p><p>A fixed supply of money with established rules that can only be changed <em><strong>by consensus.</strong></em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://twitter.com/VinceVanDough/status/1693678743552663671?s=20" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!NmXt!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cb5f408-ca46-496a-ad82-fa8615e9e82c_589x257.png 424w, https://substackcdn.com/image/fetch/$s_!NmXt!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cb5f408-ca46-496a-ad82-fa8615e9e82c_589x257.png 848w, https://substackcdn.com/image/fetch/$s_!NmXt!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cb5f408-ca46-496a-ad82-fa8615e9e82c_589x257.png 1272w, https://substackcdn.com/image/fetch/$s_!NmXt!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cb5f408-ca46-496a-ad82-fa8615e9e82c_589x257.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!NmXt!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cb5f408-ca46-496a-ad82-fa8615e9e82c_589x257.png" width="589" height="257" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0cb5f408-ca46-496a-ad82-fa8615e9e82c_589x257.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:257,&quot;width&quot;:589,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:16394,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;https://twitter.com/VinceVanDough/status/1693678743552663671?s=20&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!NmXt!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cb5f408-ca46-496a-ad82-fa8615e9e82c_589x257.png 424w, https://substackcdn.com/image/fetch/$s_!NmXt!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cb5f408-ca46-496a-ad82-fa8615e9e82c_589x257.png 848w, https://substackcdn.com/image/fetch/$s_!NmXt!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cb5f408-ca46-496a-ad82-fa8615e9e82c_589x257.png 1272w, https://substackcdn.com/image/fetch/$s_!NmXt!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cb5f408-ca46-496a-ad82-fa8615e9e82c_589x257.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Which game will you play?</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p><p></p><p></p><p></p><p></p><p></p>]]></content:encoded></item><item><title><![CDATA[Bitcoin is Valuable Because it is Scarce - Perspectives From an Ex-Jehovah's Witness ]]></title><description><![CDATA[How my journey out of the Jehovah's Witness faith helped me recognize something very important about Bitcoin]]></description><link>https://www.bitcoinpleb.com/p/bitcoin-is-valuable-because-it-is</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/bitcoin-is-valuable-because-it-is</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Fri, 11 Aug 2023 15:22:23 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!IrEG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!IrEG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!IrEG!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg 424w, https://substackcdn.com/image/fetch/$s_!IrEG!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg 848w, https://substackcdn.com/image/fetch/$s_!IrEG!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!IrEG!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!IrEG!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg" width="1024" height="928" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:928,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:404214,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!IrEG!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg 424w, https://substackcdn.com/image/fetch/$s_!IrEG!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg 848w, https://substackcdn.com/image/fetch/$s_!IrEG!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!IrEG!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F467f0e16-3b26-42b2-bf22-a9ea749cf75b_1024x928.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>I used to be a Jehovah&#8217;s Witness.</p><p>Knocking on your door Saturday morning&#8230;offering you a Watchtower and a free home bible study.  </p><p><em>Sorry I bothered you&#8230;</em></p><p>I believed it because I was born into it.</p><p>When you&#8217;re a kid you don&#8217;t have much of a choice.  Mom and Dad dress you up for church several times a week and you go learn about God.  When I became an adult, it was just the natural thing to keep on doing, until I finally had one of those moments where I <em>really questioned</em> what was going on around me.</p><p>Then my faith crumbled to the ground in just a few short weeks.</p><p>Most of it revolved around one of the core teachings of the Jehovah&#8217;s Witnesses.</p><p>That I would <strong>live forever in a paradise earth</strong>&#8230;provided I was a good boy and continued to follow ALL of the rules set out in front of me!</p><p>In the end, it all worked out for the best.  In fact, I think it helped me understand a very important thing about Bitcoin &#8212; the idea that SCARCITY is important.</p><h3>The Problem With Everlasting Life on Earth</h3><p>At first glance, living forever sounds nice.</p><p>Plenty of food and water for everyone.  Land, a nice house and like-minded people all worshipping God together.  What could go wrong?</p><p>Well, let&#8217;s follow things through to their logical conclusion.</p><p>Everlasting life on earth means your TIME is abundant.  So abundant, it slowly becomes meaningless.</p><p>I would be able to have as many pets as I wanted, even animals now considered wild would be tamed and docile, allowing everyone to be their own Sigfried and Roy.  Plenty of food would also be available to all, unlimited <a href="https://www.jwfacts.com/watchtower/earth-forever.php">fruit platters and vegetable spreads</a> were the norm in Jehovah&#8217;s Witness literature.</p><p>While this all looks nice for a bit&#8230;it would get boring in time.</p><p>Maybe I would&#8217;ve enjoyed it for 50 years, or 500 years, or 5,000 years.  But I was sure I wouldn&#8217;t be happy living for 50,000 years this way (or any way).</p><p>I figured out that there is a specific reason my time here on earth is valuable&#8230; </p><p>Because it is SCARCE!  I have a limited amount of time to live, thus everlasting life lost all appeal to me almost overnight.</p><p>The same problem exists today in a different format.</p><h3>The Problem With Paper Money</h3><p>After I departed from the Jehovah&#8217;s Witness religion, my mind was opened.</p><p>Anything and everything was on the table.   Lies would no longer be tolerated, truth became my mission in life, no matter the consequence.  I was determined to not be fooled again.</p><p>Thus began a journey down the Bitcoin Rabbit Hole.</p><p>It doesn&#8217;t take long to realize the <em><strong>big problem</strong></em> with fiat currency.</p><p>It is <em>unlimited</em>, scarcity is not a factor in the production of paper money.</p><p>Oh sure, politicians and Central Bankers play the game of pretending they are restraining the production of fiat.  But come any particular &#8220;emergency&#8221; the printer is fired up and currency units are produced to meet said need.</p><p>You only have to look at the Greenspan put, the 2008 bailouts, and finally the epic COVID money print of 2020/2021 to know that the guys in charge only have one tool in their tool belt - <em><strong>print the f*ckin&#8217; money</strong></em>.</p><p>So because fiat is unlimited, it loses value each and every day.  Sure some years you may only lose 2%, but some years you lose 20%.</p><p>That is why things with UTILITY like houses have become so overvalued.  They are hoarded because they continue to absorb dollars that are printed.</p><p>Thus I discovered, like many of you, that fiat is absolutely worthless at its core.</p><p>It is only valued because of the mutual trust people have among each other and the governments issuing the currency.  </p><p>And that trust is now rapidly eroding.</p><h3>Bitcoin is the Solution to the Fiat Problem</h3><p>This isn&#8217;t just an individual issue.</p><p>Nation-states around the world are wrestling mightily to get out from the oppressive thumb that is the weaponized dollar.</p><p>Gold has been a partial solution, especially for China and Russia over the last decade.  They are stacking like never before, but it&#8217;s just a band aid.  Gold can and will be manipulated as well due to some of its inherent faults.  Storage and centralization are major issues hampering gold down to this day.</p><p>The real, and long-term solution will be Bitcoin due to several factors, but the one we are discussing today is ABSOLUTE SCARCITY.</p><p>Unlike fiat money, or the everlasting life promised to me by the leaders of the Jehovah&#8217;s Witness religion, Bitcoin has a cap on its supply.</p><p>21,000,000 coins for all to use, for all eternity.</p><p>This mind-blowing discovery has barely reached into the minds of humanity, but when it fully does a true enlightenment will ensue.</p><p>Cooperation rather than coercion will become the driving force for all humans, and no government, no matter how powerful will have to play by the rules.</p><p>It will be a beautiful thing, one which we cannot fully comprehend &#8212; yet&#8230;</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Recognizing Reality - The Long, Slow Destruction of Paper Currency]]></title><description><![CDATA[&#8220;Recognize reality even when you don't like it &#8211; especially when you don't like it.&#8221; -- Charlie Munger]]></description><link>https://www.bitcoinpleb.com/p/recognizing-reality-the-long-slow</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/recognizing-reality-the-long-slow</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Sun, 06 Aug 2023 16:52:00 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!VbGJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!VbGJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!VbGJ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg 424w, https://substackcdn.com/image/fetch/$s_!VbGJ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg 848w, https://substackcdn.com/image/fetch/$s_!VbGJ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!VbGJ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!VbGJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg" width="1023" height="972" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:972,&quot;width&quot;:1023,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:312090,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!VbGJ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg 424w, https://substackcdn.com/image/fetch/$s_!VbGJ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg 848w, https://substackcdn.com/image/fetch/$s_!VbGJ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!VbGJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2621cbbf-5a35-49af-b3b8-2c5f4a7f0114_1023x972.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>We live in a world of denial.</p><p>People ignore facts put right in their face about the nature of their government, their politics, and most importantly - their money.</p><p>What will it all mean in the end?</p><p>PAIN</p><p>And lots of it&#8230;</p><p>But completely avoidable, if you stay humble and stack sats.</p><h3>Denying the Facts About Paper Currency</h3><p>The reality of paper currency is clear as day.</p><p><em><strong>They all fail</strong></em></p><p>Some fail quick, some fail slow.  But history proves this fact to be true.  What <em>you do</em> with that fact is what matters.</p><p>Day by day, each and every one is failing a little bit at a time.  Recently, the failures of fiat currency have actually been in the news, a bit surprising considering the media is a direct propaganda arm of government.</p><p>But the facts can only be denied for so long, and the message today is loud and clear:</p><p>&#8220;Everything is under control, inflation is coming down!&#8221;</p><p><em><strong>Sure</strong></em></p><p>While Jay Powell and Christine Lagarde preside over the last days of fiat, wise men are quietly and carefully stacking the rarest money ever invented.</p><p>And waiting&#8230;</p><h3>Time is All That Stands Between the Bitcoin and Fiat Standards</h3><p>Our minds are not wired to understand massive sea change happening around us.  </p><p>Who would&#8217;ve predicted the internet would completely revolutionize business and social networking to this extent?</p><p>Those who cling to &#8220;the good old days&#8221; or &#8220;this is how we&#8217;ve always done it&#8221; get left behind, and quickly.</p><p>Massive retailers like Borders, Blockbuster and Sears destroyed in just a few short years because they failed to adapt.</p><p>Technologies like land lines completely obliterated by cell phones.</p><p>Fiat currency, soon to be absolutely destroyed by Bitcoin.</p><p>In fact, looking back historically for 13 years, it has <em>already happened</em>!</p><p>Anyone putting a few thousand dollars into Bitcoin very early now enjoys complete financial security, with their Bitcoin (hopefully) tucked away in cold storage as the revolution continues. </p><p>In time, this will be everyone.  Banks, while probably still in existence, will have little power - they&#8217;ll simply serve their actual purpose.</p><p>Nobody will work for paper money.  </p><p>Nobody will accept paper money for payment.   Nobody will accept paper money even if it is GIVEN TO THEM.</p><p>It will be worthless.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/recognizing-reality-the-long-slow?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/recognizing-reality-the-long-slow?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><h3>Bitcoin is Your Head Start in the New York Marathon</h3><p>If you&#8217;re reading this, you have a head start against 99% of humanity.</p><p>Yep, its still THAT EARLY.</p><p>Bitcoin will take another 20-50 years to fully monetize.</p><p>Its like starting at mile 25 of the New York City marathon.</p><p>No Ivy Leaguer with a fancy MBA is ever gonna catch up to the humble pleb who stacks week in and week out RIGHT NOW.</p><p>So what are you gonna do?</p><p>Continue to believe the lies propagated by Paper Money enthusiasts?  Trust that it is all gonna be OK?  </p><p>Or <strong>RECOGNIZE REALITY</strong> and act accordingly?</p><p></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[The Government Teaches You NOTHING About Money - and That is a GOOD Thing]]></title><description><![CDATA[&#8220;It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.&#8221; &#8213; Henry Ford]]></description><link>https://www.bitcoinpleb.com/p/the-government-teaches-you-nothing</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/the-government-teaches-you-nothing</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Sat, 05 Aug 2023 19:11:02 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!B5G-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!B5G-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!B5G-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg 424w, https://substackcdn.com/image/fetch/$s_!B5G-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg 848w, https://substackcdn.com/image/fetch/$s_!B5G-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!B5G-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!B5G-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg" width="1024" height="859" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:859,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:308900,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!B5G-!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg 424w, https://substackcdn.com/image/fetch/$s_!B5G-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg 848w, https://substackcdn.com/image/fetch/$s_!B5G-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!B5G-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b628854-4e8b-4629-aba5-a10eee947ddd_1024x859.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Imagine what Henry Ford would say today&#8230;</p><p>His amazing quote illustrates well what the government wants you to know about money &#8212; ABSOLUTELY NOTHING.</p><p>How else could an entity run up a debt of more than $32 Trillion dollars, and have entitlement obligations upcoming of more than $150 Trillion, without an ignorant populace?</p><p>But I&#8217;m an optimist!</p><p>And wherever you see extremely pessimistic news or numbers, it&#8217;s time to look for the hidden opportunity.  </p><p>And Bitcoin is that opportunity - hidden in plain sight for anyone with a few brain cells to see.</p><h3>Your Money Education - Did You Even Get One?</h3><p>When I think back to high school (circa 1991) I don&#8217;t remember a thing about money being taught in school.</p><p><em>This is intentional</em></p><p>The school system is designed to simply create worker bees, people who follow orders and don&#8217;t question them.</p><p>Entrepreneurship is ignored, rigid schedules are the norm, and questioning authority is out of the question.</p><p>But the tables have turned&#8230;</p><p>Today, education is free for anyone who WANTS IT.  All it takes is desire and an Internet connection.  There are no excuses for anyone, now.</p><p>Thus, the playing field has been leveled to a point where anyone living anywhere can access historical data and writings about money - what it is, how it is used by people, and what is on the horizon.</p><p> Then apply what you&#8217;ve learned to your own life.</p><h3>When Systems Start to Fail, Those in Charge Desperately Cling to What They&#8217;ve Built</h3><p>Fiat has been in failure mode since 1971.</p><p>Untethering it from Gold was simply a &#8220;temporary fix&#8221; according to Tricky Dick.  </p><p>Temporary is now at 52 years, and it&#8217;s all working out as government intended.  Five decades of unlimited and reckless spending are coming to roost, and it will be both glorious and petrifying at the same time.  </p><p>That&#8217;s why Bitcoiners are warning you to get into the lifeboat &#8212; NOW</p><p>Sure you can stumble around, wait &#8216;til TRILLIONS more get printed, and have yet more confirmation that things are really bad from the fiat perspective&#8230;<em><strong>but why</strong></em>?</p><p>Government is SCREAMING at you from the top of a mountain, letting you know they are completely inept, and that their drunken spending will continue until they absolutely CANNOT anymore.  </p><p>How many warning signals do you need?</p><p>Its Last Call, all aboard for those on the train leading to monetary justice and a peaceful new world.</p><h3>The Good Thing About Government Propaganda and Money - Opportunity for the Plebs</h3><p>Because &#8220;systems&#8221; last so long and don&#8217;t collapse all at once, there is confusion among most people about the fiat money system.</p><p>Acceptance of the idea of &#8220;that&#8217;s just how it is&#8221; continues among the general population.  To confirm this, simply throw out the idea that all fiat money will be replaced by Bitcoin over the next 20-50 years.</p><p>Whoever you are talking to will look at you like your a damn alien, someone colored green and has pointy ears.</p><p>But this is your advantage, <em><strong>your opportunity</strong></em>. </p><p>Anyone who works a job can simply start Saving In Bitcoin.</p><p>Doing so doesn&#8217;t take much of a brain, remember its wisdom, not intelligence that is required.</p><p>Being wise means looking around, noticing, and taking the right actions at the right time.</p><p>Today is the right time to start stacking 1/10th of a Bitcoin, at minimum.</p><p>If you can scrounge up $3,000 in US government IOU&#8217;s it can be exchanged at this exact moment for a tenth of a coin.   Locked away in cold storage for 20 years this means a simple and easy retirement.</p><p>Do it&#8230; TODAY</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item><item><title><![CDATA[How to Never Lose Money With Bitcoin]]></title><description><![CDATA["Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." - Warren Buffett]]></description><link>https://www.bitcoinpleb.com/p/how-to-never-lose-money-with-bitcoin</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/how-to-never-lose-money-with-bitcoin</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Fri, 04 Aug 2023 16:53:02 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!dXov!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!dXov!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!dXov!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg 424w, https://substackcdn.com/image/fetch/$s_!dXov!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg 848w, https://substackcdn.com/image/fetch/$s_!dXov!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!dXov!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!dXov!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg" width="1024" height="985" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:985,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:441292,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!dXov!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg 424w, https://substackcdn.com/image/fetch/$s_!dXov!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg 848w, https://substackcdn.com/image/fetch/$s_!dXov!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!dXov!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F99ca6cf1-f773-4f3f-84b8-2aae5bd249e9_1024x985.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Ever lost a&nbsp;<em>lot of money</em>?</p><p>Painful.</p><p>Sleepless nights ensue, your decisions replayed and questioned over and over again in your head. Eventually, you just have to let it go&#8230;.</p><p>Otherwise, you&#8217;d go insane.</p><p>Investing using fiat instruments can be a dangerous game.</p><p>Millions of people are out there, all playing the same game. Some of the smartest people walking the earth are involved, backed by literally trillions of paper dollars. It&#8217;s brutal, ruthless, and unfortunately rigged to a great extent.&nbsp;</p><p>If you don&#8217;t keep your head up, you&#8217;re undoubtedly going to get knocked out.</p><p>But there&#8217;s a new game that humble plebs are playing&#8230;one where you NEVER LOSE, if you approach it with the right mindset.</p><p>But first, lets review the rules set forth by one of the investing legends&#8230;</p><h3>Rule Number One: Never Lose Money</h3><p>Warren Buffett&#8217;s first rule is widely known among the investment community for its simplicity.</p><p>Never lose money.</p><p>In a nutshell, it means that you should know what you&#8217;re getting into. Do your research, think about it, and then wait awhile while you think about it some more.</p><p>Our worst financial decision are made in emotional moments, when we are either feeling fearful or greedy.</p><p>This leads to disaster.</p><p>Thus, if you approach every single investment with the mindset that you cannot stand to lose any of your hard-earned money, you&#8217;ll look before you leap.</p><h3>Rule Number Two: Never Forget Rule Number One</h3><p>So once you have rule number one down, what&#8217;s next?</p><p>Revisit and re-establish Rule #1 in that thick skull of yours!</p><p>Yes, Buffett emphasizes the concept of not losing money&nbsp;<em><strong>to such an extent</strong></em>&nbsp;that the second rule is to revisit the first rule. What this should tell you is that your capital is precious, and you never want to gamble! </p><p>If gambling is what you want to do, allocate a little cash to your entertainment budget and go to Vegas!</p><p>This speaks deeply to human nature.</p><p>We have so many irrational beliefs about our investing abilities. Not recognizing that this is a weakness can lead us down the road to ruin.</p><p>So tighten up your mindset.</p><p>But there is one neat trick that helps you in the Bitcoin Universe. Something that allows you to invest, and never-ever lose&#8230;</p><h3>Change Your Unit of Account From Dollars to Bitcoin</h3><p>Bitcoin is simply another form of money.</p><p>Everything from beads to seashells to gold has been used as money in man&#8217;s history. These items have pros and cons, of course - but one of the biggest problems with physical items is that they can either be replicated or mined.</p><p>While gold is the hardest of these items to find and/or mine, it can and will always be sought out as long as other people value that item.</p><p>Fiat is one of the worst items to store value in, as governments can create millions or billions of additional units at the snap of a finger. Right now, the United States is such dire straights, they are planning to boroow at least $2 Trillion dollars over the next year or so, just to keep the machine up and running.&nbsp;</p><p>Yes this shit can (and will) get out of control very quickly once people wake up and realize what&#8217;s going on.</p><p>Fortunately for us, most folks are just too busy, uninterested, or unaware of the game the government plays.  Nor the solution deployed by Satoshi nearly 15 years ago.</p><p>So as humble plebs we just keep on buying, and hoarding Bitcoin.</p><p>The truly mind-blowing thing is that we cannot be diluted by ANYONE once we have purchased and safely stored our Bitcoin.</p><p>So&#8230;if we simply change our view on &#8220;money&#8221; by changing our unit of account from the dollar, to Bitcoin, we NEVER LOSE MONEY.</p><p>Because Bitcoin is scarce, digital, has a fixed supply, and a known schedule issuance, we can completely rely on the Bitcoin Network to save us from the lunatics running the asylum.</p><p>Now&#8230;I already hear the argument: &#8220;What about the (dollar) price of Bitcoin?&#8221;</p><p>And of course, if your unit of account is the dollar, then you may get less of them if you decide to sell your Bitcoin back into dollars.</p><p>But that&#8217;s not what plebs are about&#8230;</p><p><em><strong>This is a monetary revolution</strong></em></p><p>In a revolution, you stay smart, you watch your back and defend yourself, your family, your friends and your community in that order.&nbsp;</p><p>Nothing is going to change until change is forced upon the powers that be, and that happens when enough people stack enough Bitcoin and simply ignore everything that Clown World stands for and represents.</p><p>Stay Humble, Stack Sats, and you&#8217;ll never lose a single one if you do it right.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/how-to-never-lose-money-with-bitcoin?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/how-to-never-lose-money-with-bitcoin?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item><item><title><![CDATA[Bitcoin is the Risk Free Asset For Educated Plebs]]></title><description><![CDATA["Risk comes from not knowing what you're doing" - Warren Buffett]]></description><link>https://www.bitcoinpleb.com/p/bitcoin-is-the-risk-free-asset-for</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/bitcoin-is-the-risk-free-asset-for</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Thu, 03 Aug 2023 16:52:03 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!atGI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!atGI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!atGI!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg 424w, https://substackcdn.com/image/fetch/$s_!atGI!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg 848w, https://substackcdn.com/image/fetch/$s_!atGI!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!atGI!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!atGI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg" width="972" height="901" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:901,&quot;width&quot;:972,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:285934,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!atGI!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg 424w, https://substackcdn.com/image/fetch/$s_!atGI!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg 848w, https://substackcdn.com/image/fetch/$s_!atGI!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!atGI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F017fcc07-f29c-4f09-96a4-90bd44cc114e_972x901.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Step of curb, you might get hit by a bus.  </p><p>RISK is everywhere.</p><p>Yet people today insist on living life in <em>fear</em>, never trying new things, always looking for the easy way, and worst of all - trusting everyone else&#8217;s opinion.</p><p>Take Bitcoin.</p><p><em><strong>&#8220;Too risky!  Too volatile!  Might get hacked, bro!&#8221;</strong></em></p><p>You&#8217;ve heard it before - from the media, and (sadly) from your family and friends.</p><p>Yet the track record proves otherwise, anyone carefully investing a portion of their paper money earnings over any significant period of time into Bitcoin has increased their purchasing power&#8230;</p><p>SIGNIFICANTLY!</p><p>So is Bitcoin really that risky?  Or is it paper money issued by the government that is the real danger?</p><h3>Why Fiat Money is Risky</h3><p>These days, people vote themselves money via their elected representatives&#8230;</p><div class="pullquote"><p><strong>&#8220;When the people find they can vote themselves money, that will herald the end of the republic.&#8221; - Benjamin Franklin</strong></p></div><p>They never stop to think where the money comes from, just gimme that money. </p><p>Thus, debt levels around the world have ballooned to a point where something will give.  </p><p>And what will give, over a period of time, is the paper money system itself.</p><p>People, (collectively) do not know what they are doing, as Warren Buffet so eloquently stated.  Rules are constantly broken to bail-out those who get in trouble, and the can gets kicked down the road.  Politicians get re-elected to continue messing the bed in incomprehensible ways.</p><p>Thus <strong>massive risk</strong> to the entire system ensues.</p><p>Because paper money is built on one thing, trust.</p><p>No trust = No money!</p><p>At least money issued by the government&#8230;</p><p>Thus, risk will continue to increase as trust erodes.</p><p>And opportunity presents itself to those paying attention.</p><h3>Why Bitcoin is Risk Free&#8230;Provided You Understand</h3><p>In the end, everything is money in one form or another.</p><p>Cars, houses, silver, gold, commodities, stocks, bonds, drugs, alcohol, tobacco and every other good on earth is something somebody else wants.</p><p>But they all have their downside.  You must find someone else to exchange either 1) another good or service for your good or 2) accept some trusted form of money that you think can be used at your convenience at a later point in time for <em>what you want</em>.</p><p>The vast majority does not know yet that one form of money surpasses all others in its ability&#8230;Bitcoin.  It will transform capitalism and spread prosperity to all four corners of the earth for a very simple reason - it allows people to transmit and communicate value anywhere, anytime and in any quantity&#8230;<em>without any intermediaries</em>.</p><p>Thus, those who recognize the opportunity can plan accordingly.</p><p>But you must <em>know what you are doing</em>, to avoid risk.</p><p>How do you do this?</p><p>Study</p><p>Study Bitcoin until you <em><strong>really understand it</strong></em>, inside and out, up and down, back and front.</p><p>Proof of work will set you free, forever.</p><p>10 hours to get your feet wet, 100 hours &#8216;til you&#8217;re waist deep, and 1,000 hours to swim confidently in the ocean while the waves crash around you furiously.</p><p>And if you want to go all in, the Michael Phelps method will require you put in 10,000 hours.</p><p>Not necessary for everyone, but if its your calling then you cannot resist.</p><p>When you <em>truly understand Bitcoin</em>, risk is eliminated, COMPLETELY.</p><p>And you are on the way&#8230;</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p><p></p>]]></content:encoded></item><item><title><![CDATA[Why Total Dummies Can Still Get Rich With Bitcoin]]></title><description><![CDATA[&#8220;You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.&#8221; - Charlie Munger]]></description><link>https://www.bitcoinpleb.com/p/why-total-dummies-can-still-get-rich</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/why-total-dummies-can-still-get-rich</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Wed, 02 Aug 2023 16:52:05 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!Lxox!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Lxox!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Lxox!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Lxox!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Lxox!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Lxox!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Lxox!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg" width="1024" height="914" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/e3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:914,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:237490,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Lxox!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Lxox!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Lxox!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Lxox!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3bf2486-adea-4463-b8a2-f9ebd9d51abf_1024x914.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>I&#8217;m a dummy</p><p>When I look back at the absolutely stupid shit I&#8217;ve done over the years in the investment world, its a wonder how I still have a roof over my head.</p><p>But I&#8217;m not alone (fortunately)&#8230;because we&#8217;re all dummies!</p><p>We don&#8217;t have &#8220;6-12 months&#8221; of emergency savings.</p><p>We don&#8217;t pay off our credit cards every month.</p><p>We don&#8217;t have &#8220;balanced retirement portfolios&#8221;.</p><p>Hell, we don&#8217;t even balance our checking accounts.</p><p>Why?</p><p>I&#8217;m just plain lazy at times.  We generally have the tendency to think we are smarter than the next guy on the street, and we decide to figure it out as we go instead of wasting precious hours on all that nonsense.  </p><p>We have kids to raise, wives to love, and jobs to tend to so the fiat flows don&#8217;t stop.</p><p>But there&#8217;s one area where us dummies need to keep it tight, the Bitcoin game.</p><h3>Bitcoin is Different - Dummies Can Still Win!</h3><p>In so many ways, the one-time discovery of digital scarcity levels the playing field and rewards the <em><strong>wise</strong></em>, not necessarily the <em><strong>intelligent</strong></em>.</p><p>What's the difference between intelligence and wisdom?</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Z-UA!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Z-UA!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Z-UA!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Z-UA!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Z-UA!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Z-UA!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg" width="1366" height="358" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:358,&quot;width&quot;:1366,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:90948,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Z-UA!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Z-UA!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Z-UA!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Z-UA!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1394ace9-266e-4c56-b375-6abd601570c4_1366x358.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Source: <a href="https://www.thesaurus.com/e/grammar/wisdom-vs-intelligence/">Thesaurus.com</a></p><p>While our intelligence may be limited by our genes, our upbringing or any number of additional factors, wisdom can be carefully cultivated by study and application of principles to the situations we see around us.</p><p>Munger&#8217;s quote at the introduction comes into play at this point.</p><p>Careful study of Bitcoin reveals it to be <strong>SUPERIOR MONEY</strong> in almost every facet, with the exception of the length of time it has been around.</p><p>So what do &#8220;intelligent people&#8221; do with this information?  </p><p>They try to trade Bitcoin, or they delve into &#8220;better Bitcoins&#8221; also known as shitcoins.</p><p>They nitpick at the edges of Bitcoin, calling it slow, criticize the supply issuance, and scream from the mountaintops that the authorities will shut it down (hint: if they haven&#8217;t by now, they can&#8217;t).</p><p>On the other hand, a wise one simply looks at the facts, and then projects <em>what will result</em> based on how human nature will play out.</p><h3>Would You Care for Some Unconfiscatable Money That Increases in Purchasing Power?</h3><p>Wise people see are things intelligent people do not.</p><p>The scary part is what intelligent people DO NOT SEE.</p><p>Governments are on the rampage, taxing and spending like no other time in history.</p><p>Inflationary policy is absolutely necessary for the charade to continue.  In the past, this led to the absolute destruction of the middle class, as the currency lost value so went the fortunes of any who stored money in it.  </p><p>Only those with hard assets like gold, farmland and real estate made it through.</p><p>And today Bitcoin is the lifeboat that will bring billions through the government sponsored destruction of fiat money.</p><p>So&#8230;would you care for some unconfiscatable money that increases in purchasing power?</p><h3>Brilliance is Unnecessary, Long-Term Wisdom Is&#8230;</h3><p>Wise people don&#8217;t overanalyze, once they have the basics down and know exactly what is going on, they take measured and consistent action.</p><p>A once in a lifetime, monetary revolution is upon us. </p><p>This monetary revolution will drastically redistribute wealth around the world.  But to enjoy the benefits of the revolution, you have to be wise, for a really, really long time as Munger advised.  </p><p>El Salvador will become Hong Kong, Michael Saylor will become Warren Buffett.</p><p>But it won&#8217;t be their intelligence, it&#8217;ll be their <em>wisdom that prevails</em>.</p><p>Plebs, fortunately are already front-and-center in this massive sea change.</p><p>But remember, I am a dummy, and you are too&#8230;</p><p>Use your wisdom, and your understanding of human nature and to get you to the other side.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p><p></p>]]></content:encoded></item><item><title><![CDATA[The Seriousness of Bitcoin and Why Fiat Death is Now Inevitable]]></title><description><![CDATA["Take a simple idea and take it seriously" - Charlie Munger]]></description><link>https://www.bitcoinpleb.com/p/the-seriousness-of-bitcoin-and-why</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/the-seriousness-of-bitcoin-and-why</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Tue, 01 Aug 2023 12:19:19 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!tMSu!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!tMSu!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!tMSu!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg 424w, https://substackcdn.com/image/fetch/$s_!tMSu!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg 848w, https://substackcdn.com/image/fetch/$s_!tMSu!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!tMSu!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!tMSu!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg" width="1023" height="901" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:901,&quot;width&quot;:1023,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:274926,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!tMSu!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg 424w, https://substackcdn.com/image/fetch/$s_!tMSu!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg 848w, https://substackcdn.com/image/fetch/$s_!tMSu!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!tMSu!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F84e106d7-22c2-438b-9edb-6a4cf89e6dee_1023x901.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Most in the world today do not take Bitcoin <em>seriously</em>&#8230;</p><p>Sure they know about it.</p><p>They talk about it, they have an opinion on it, and they think it is one BIG FAT JOKE.</p><p>The epitome of seeing and idea in rapid motion, and yet dismissing it completely - with no real rational backing.</p><p>What happens to such people?</p><p>They get wrecked&#8230;</p><h3>Take a Simple Idea and Take it Seriously</h3><p>Bitcoin at its core is a very simple idea.</p><p><em>Private money</em></p><p>Eliminate the government, eliminate the bankers, eliminate the politicians, eliminate the whiny losers who don&#8217;t want to work a real job.</p><p>Simply create a software program that people can opt-in and out of at their convenience, and see what happens.</p><p>It has been a fascinating experiment.</p><p>Mainly in that all those losers, politicians, bankers and government hacks have cried out about Bitcoin from the get-go.</p><p>As Satoshi so eloquently stated - if you don&#8217;t get it, I don&#8217;t have time to convince you, sorry (not sorry)</p><p>What all of these people have failed to do is LOOK FORWARD.</p><p>Things are always changing, usually for the better!  </p><p>Look at the phone you&#8217;re reading this on right now!  An incredible pocket encyclopedia that lets you talk to anyone, look up anything, learn about every possible subject, and communicate messages anywhere in the world.</p><p>People who have such devices actually think the MONEY would never be improved.</p><p>Well, its happening.</p><h3>Why Ignoring Bitcoin Means Failure</h3><p>Opinions, shaped by the government and their attack dogs in the media are being shaped every day.</p><p>Bitcoin has been ignored, laughed at, and fought against by the majority for nearly 15 years now.  </p><p>But the bottom line is everyone who has ignored Bitcoin, bagged on Bitcoin, criticized Bitcoin, and underestimated Bitcoin is poor in comparison to &#8220;what coulda been&#8221;</p><p>Everyone (myself included) regrets not getting into Bitcoin sooner, investing more fiat into Bitcoin earlier, and/or selling Bitcoin too soon.  This will only continue in an exponential manner as Bitcoin rockets through six, seven and eight figures.</p><p>Hard financial lessons, yet they will continue on a <em><strong>brutal scale</strong></em> until fiat finally submits.</p><p>This will certainly take another generation, possibly two.  But the wheels are in motion, the train is on the tracks, and the phenomenon  that is Bitcoin cannot be stopped by anyone or anything.</p><h3>Treat the Bitcoin Idea Seriously or Have Fun Staying Poor</h3><p>Billions are just starting their Bitcoin education.</p><p>It&#8217;ll be rough, especially for those who resist.  What you resist, persists - thus you will see awful, ignorant Bitcoin takes spew forth from every corner of society for a few more decades.</p><p>Just don&#8217;t listen.  </p><p>If you&#8217;ve done the work (1,000 hours of Bitcoin education should do it) your understanding of money, fiat, and Bitcoin will become crystal clear to you, just as it has to millions on plebs around the world already.  </p><p>If it isn&#8217;t clear, put in another 1,000 hours of study.</p><p>Your financial future is at stake.  You don&#8217;t have time to put it off, discount it, or God forbid <strong>IGNORE BITCOIN</strong> at this critical juncture.</p><p>Get in the game, or Have Fun Staying Poor.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/the-seriousness-of-bitcoin-and-why?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/the-seriousness-of-bitcoin-and-why?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><p></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item><item><title><![CDATA[Yeah Being Rich is Cool - But Have you Enjoyed the Peace of Bitcoin?]]></title><description><![CDATA[If Bitcoin works long-term, many of us will be rich, but peace of mind comes along for the ride!]]></description><link>https://www.bitcoinpleb.com/p/yeah-being-rich-is-cool-but-have</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/yeah-being-rich-is-cool-but-have</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Mon, 31 Jul 2023 17:24:15 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!T_Xl!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!T_Xl!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!T_Xl!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png 424w, https://substackcdn.com/image/fetch/$s_!T_Xl!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png 848w, https://substackcdn.com/image/fetch/$s_!T_Xl!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png 1272w, https://substackcdn.com/image/fetch/$s_!T_Xl!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!T_Xl!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png" width="1017" height="968" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:968,&quot;width&quot;:1017,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2209311,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!T_Xl!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png 424w, https://substackcdn.com/image/fetch/$s_!T_Xl!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png 848w, https://substackcdn.com/image/fetch/$s_!T_Xl!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png 1272w, https://substackcdn.com/image/fetch/$s_!T_Xl!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F714af129-72ca-4be7-a88e-c551502e1a1b_1017x968.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Ever spend 15 minutes mentally spending your Bitcoin?</p><p><em><strong>Its fun!</strong></em></p><p>Lots of real estate, experiences with friends and family, and just whatever I want to do is what I look forward to&#8230;</p><p>While the <em>Destination</em> is what we all think about, the <em>Journey</em> can (and should be) just as fun.  Realize here and now is all we really have, and remember that&#8217;s how it will be every single day on this ride to hyperbitcoinization.</p><p>Bitcoin, while initially a cause of fear and doubt in my mind 8 years ago when I dove in, has now become a source of incredible peace in my life.</p><h3>Sleeping Well at Night</h3><p>The last three years, since I really locked down my Bitcoin stack into cold storage have been incredibly peaceful for me.</p><p>No worries about the Fed, CBDCs, the goofballs in DC, or what the economy will or won&#8217;t do in the next quarter.   Just the peace of mind that dominates my mind knowing things are all going to work out.  </p><p>I used to be a &#8220;financial junkie&#8221;</p><p>Always on the lookout for the hidden risk, the next big Wall Street scandal, or what 4th quarter GDP might mean&#8230;</p><p><em>What a waste!</em></p><p>Now, its just the noise in the background that pops up every once and a while when a friend asks which stock they should be getting into.</p><p>I simply smile and reply the fiat game is coming to an end.  It might take two years, it might take 20, but I don&#8217;t have to pay attention to it anymore.  I advise them to look into Bitcoin, and stop playing the rigged game set up by bankers and politicians more than a century ago.</p><p>And while I might still consume plenty of financial content, its for a different purpose.  Its simply to determine how many people are waking up to Bitcoin, and how quickly they might be doing so.</p><p>And yes, <em><strong>my sleep filled nights</strong></em> are amazing, KNOWING its all working out in favor of Bitcoin - and all who embrace it.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/subscribe?"><span>Subscribe now</span></a></p><h3>Getting Rich in More Important Things</h3><p>Knowledge is power, as they say.</p><p>Knowing Bitcoin will succeed frees you up for many other important things in life.</p><p>For example, a young man who stacks a tenth of a Bitcoin (or more) for his retirement in 20-30 years can put all of his focus on perfecting his craft now.</p><p>Maybe he&#8217;s an artist.  He may not be wildly successful selling art for fiat, but he makes a living at it.</p><p>With Bitcoin locked away in cold storage, <em><strong>unconfiscatable</strong></em> by anyone, including the state, he can focus on what things are most important.  Making his art, starting and raising a family, and escaping from the corporate rat race if he so chooses.</p><p>Options like this have been difficult to deploy in the fiat world!  Currency that constantly erodes in value means longer work hours, and stressful decisions requiring a second career managing fiat financial instruments.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/yeah-being-rich-is-cool-but-have?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/yeah-being-rich-is-cool-but-have?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><h3>The World Changes on the Bitcoin Standard</h3><p>Thousands (millions?) today already enjoy the same peace of mind.</p><p>They don&#8217;t have to worry about if the Fed raised rates by a quarter point next meeting, or if the Bank of Japan is tweaking their yield curve control parameters. </p><p>They just have to put a little bit of their labor into Bitcoin - week in and week out until they meet their stacking goal.</p><p>Then just wait.</p><p>It may take two years, it may take twenty.  But Bitcoin is inevitable.</p><p>Ignore the noise from the dying legacy system.  Buy Bitcoin, store it safely and go enjoy life!</p><p></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item><item><title><![CDATA[Why You Should Stop Contributing to Your 401k and Buy Bitcoin Instead]]></title><description><![CDATA[Protect yourself from the coming storm with Bitcoin money, cut the "strings attached" provision]]></description><link>https://www.bitcoinpleb.com/p/why-stop-contributing-401k-buy-bitcoin-instead</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/why-stop-contributing-401k-buy-bitcoin-instead</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Sat, 10 Jun 2023 20:32:13 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!7WlQ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!7WlQ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!7WlQ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg 424w, https://substackcdn.com/image/fetch/$s_!7WlQ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg 848w, https://substackcdn.com/image/fetch/$s_!7WlQ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!7WlQ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!7WlQ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg" width="1024" height="993" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:993,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:440116,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!7WlQ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg 424w, https://substackcdn.com/image/fetch/$s_!7WlQ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg 848w, https://substackcdn.com/image/fetch/$s_!7WlQ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!7WlQ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F41b59dfd-db15-43f1-aff6-0382f13f2b53_1024x993.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>I took a crash course on 401k&#8217;s back in the day.</p><p>The year was 1997, and I was looking for a job.</p><p>Merrill Lynch hired me into their 401k department, taking phone calls from participants across the country and answering their questions.  It was very interesting, as I basically got to see the nuts and bolts behind several dozen 401k plans.</p><p>The savings vehicle has become a monster.   Over $6.6 trillion sit in 401k plans, another $2.7 trillion sit in defined contribution plans, and another $11 trillion reside in IRA accounts.  (<strong><a href="https://www.ici.org/statistical-report/ret_22_q4#:~:text=Defined%20Contribution%20Plans,in%20401(k)%20plans.">Source</a></strong>, end of 2022).</p><p>There are certainly advantages to a 401k, tax deferral and tax reduction being the most prominent.</p><p>But like anything, the government attaches strings to your account, you basically take it on the chin if you withdraw funds before retirement.  The government always gets theirs.  </p><p>Personally, I have begun to wonder about the &#8220;rules&#8221; and &#8220;safety&#8221; of 401k and IRA accounts, mainly the tax code surrounding them.</p><p>It won&#8217;t be long til the government sees that huge pile of money, and decides for the &#8220;sake of fairness&#8221; that people who&#8217;ve accumulated a nice nest egg should pay more.</p><p>You know, &#8220;fair share&#8221; kind of talk.  The government is always interested in <strong>you</strong> being more fair with <strong>them</strong>.</p><p>That&#8217;s why if you contribute to a 401k, you should STOP IMMEDIATELY and do this first.</p><h3>The Scarcest Money EVER Created is On Sale Right Now</h3><p>Bitcoin is scarce decentralized money which competes against dollars, yen, gold, the Euro and basically every other financial asset.</p><p>If you&#8217;re new, you probably have heard about it, but dismissed it as &#8220;fake&#8221; or a &#8220;Ponzi&#8221; based on what friends or the media have told you.</p><p>If so, here is your warning.</p><p>Buy Bitcoin now, and don&#8217;t stop until you have <strong><a href="https://www.bitcoinpleb.com/p/11-steps-to-ten-million-satoshis">1/10th of a Bitcoin</a></strong> - at minimum.</p><p>If you want to ease up after that, go ahead.  But buying a tenth of a Bitcoin will put you in the top 3% of Bitcoin holders &#8212; FOREVER.</p><p>This is <em>absolutely critical</em> to your long-term financial health.</p><p>You may not understand it, yet.  But you will.  Everyone will.  </p><p>There will not be a choice on saving and holding Bitcoin.  </p><p>So you might as well get in now, while it&#8217;s on sale.  You can get a tenth of a Bitcoin for around $2,600 dollars today, on sale from $7,000 in late 2021.</p><h3>The Advantage of Holding Bitcoin Money Over a 401K</h3><p>But why quit your 401k?</p><p>Because it&#8217;s just a savings account, one you may not be able to get at in a time of need!</p><p>With Bitcoin, you can always access it in an emergency.</p><p>No, I don&#8217;t recommend it.  It should be the absolute last resort, and you&#8217;ll pay tax on the capital gain with Bitcoin.</p><p>But you won&#8217;t have to quit your job, or take a loan on your 401k, or be completely locked out - some 401k&#8217;s don&#8217;t allow any access.</p><p>Bitcoin is diversification - in <strong>SAVINGS</strong>.</p><p>You&#8217;re told from day one to DIVERSIFY, but they only tell you to diversify your asset mix in the retirement plan.</p><p>You need to diversify the types of savings you have.  A 401k, some Bitcoin, and even (gulp, yes I&#8217;ll say it) some cash in the bank.</p><p>That way, you can keep on going without acquiring debt.</p><h3>The Real Bitcoin Advantage - Rapidly Monetizing Digital Money</h3><p>The real benefit though is participating in all the Bitcoin network offers.</p><p>Millions of people cooperate to make Bitcoin work. </p><p>Some mine it with special machines, others run nodes to accept and verify valid transactions.  Most of us just hold Bitcoin, keeping some savings away from corrupt banks.  Many also build products around Bitcoin or write code to support all of it.  Finally, educators spread the word with  the modern tools provided by the internet.</p><p>All of this is voluntary, creating digital money for the world one day at a time.</p><p>So it&#8217;s a good idea to get some.  </p><p>Once you&#8217;ve secured a tenth of a Bitcoin, go back to funding your 401k if that&#8217;s what feels right.</p><p>But you&#8217;ll have some money for retirement that grows independently of the traditional system, helping you sleep better at night.</p><div><hr></div><p>If you enjoyed this post please hit the like button up top or share it with someone who&#8217;d benefit from rapidly growing digital money!</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/why-stop-contributing-401k-buy-bitcoin-instead?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/why-stop-contributing-401k-buy-bitcoin-instead?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item><item><title><![CDATA[11 Things I Wish My 2016 Bitcoin Self Would Have Known]]></title><description><![CDATA[Learning about Bitcoin isn't the same as learning from Bitcoin. Bouncing back from mistakes you might have made is critical to financial success.]]></description><link>https://www.bitcoinpleb.com/p/11-things-i-wish-my-2016-bitcoin</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/11-things-i-wish-my-2016-bitcoin</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Fri, 09 Jun 2023 15:52:53 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!b7FN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!b7FN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!b7FN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg 424w, https://substackcdn.com/image/fetch/$s_!b7FN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg 848w, https://substackcdn.com/image/fetch/$s_!b7FN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!b7FN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!b7FN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg" width="1021" height="909" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:909,&quot;width&quot;:1021,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:419531,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!b7FN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg 424w, https://substackcdn.com/image/fetch/$s_!b7FN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg 848w, https://substackcdn.com/image/fetch/$s_!b7FN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!b7FN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F379fad8e-7d4a-4a6d-a19f-b04e2559a829_1021x909.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Do you beat yourself up over past failures?</p><p>We all do to some extent.  Even if it&#8217;s just in the moment where we make a dumb decision, we call ourselves stupid even though we know we aren&#8217;t.  The best thing to do is to immediately let it go.</p><p>We can then have clarity on what we could of or should have done differently.  Nobody is perfect, and to expect that of ourselves is unrealistic.  Failures in Bitcoin are common!  </p><p>Think about pizza guy&#8230;he sold off 10,000 Bitcoins for a couple of large pies.  But now it&#8217;s part of Bitcoin lore, an example for everyone about what we are dealing with, real money with real value!</p><p>Personally I bought my first Bitcoins back in 2016 on Coinbase.  Of course, I had no idea what I was buying, and regret not holding those Bitcoins through the years.  But I&#8217;ve learned, as have millions of other Bitcoiners who push forward today, dedicated to the cause of changing the world with sound money.</p><p>Here are 11 lessons for both newbies and hardened veterans&#8230;</p><h3>1) Know What You Own - The Warren Buffett Rule</h3><p>Getting into Bitcoin is a little bit like hopping on a bike as a 5-year-old and trying to get around the block that first time.</p><p><em>You&#8217;re gonna crash.</em></p><p>It&#8217;s pretty much inevitable, nobody naturally does something perfect on the first go-round.  The important thing is to continue to educate yourself.  </p><p>Bitcoin is a deep (and interesting) rabbit hole, every time you think you&#8217;ve got a good handle on it, something else truly blows your mind about the whole idea.  Even after 7 years, I learn new things about it every week that harden my conviction.</p><p>In time, you&#8217;ll fully understand the core principles, and knowing what you own will intensify your <strong><a href="https://www.bitcoinpleb.com/p/never-make-money-on-bitcoin">conviction to HODL</a></strong> through thick and thin.</p><h3>2.) Move in Slow - Bitcoin is a Marathon Not a Race</h3><p>Anytime we learn about something new that can enrich us, we develop a serious case of FOMO.</p><p><em><strong>Careful</strong></em></p><p>Bitcoin cycles are ridiculously volatile, with several hundred percent gains possible on the upside, and 80 percent plunges on the downside.  This is how it has to be, as the whole world isn&#8217;t going to just accept a brand-new money right off the bat.</p><p>The volatility is simply a mechanism, ensuring coins get distributed among billions of people in a semi-orderly fashion.  Many early adopters willing sold their Bitcoin for large fiat gains, only to see huge additional upside escape.</p><p>A prudent way to get into Bitcoin is to dollar cost average.  The <strong><a href="https://www.bitcoinpleb.com/p/how-to-get-rich-with-bitcoin">10x10x10 plan</a></strong> helps you accumulate over time, buying more when it is down and less when we are flying high.</p><p>The most important thing is to have a plan and work your plan.  The transition from the dollar standard to Bitcoin may be volatile, but having your Bitcoin in cold storage will help you sleep well at night.</p><h3>3.) Bitcoin is Not For Traders - Long Term Thinking</h3><p>As Parker Lewis so eloquently stated:  </p><p><em><strong><a href="https://unchained.com/blog/bitcoin-is-the-great-definancialization/">Bitcoin is the great Definancialization</a></strong></em></p><p>So many today are entranced by day trading, speculating, options, and GET RICH QUICK.</p><p><strong>Meh..</strong></p><p>The end is near for that nonsense.  The only ones who have won big doing this are the big brokerage houses that trade stocks, bonds, and derivatives.  Those who know how THAT game works and can consistently trade against a pool full of retail suckers.</p><p>Patience. Discipline. Long term thinking.</p><p>Don&#8217;t <strong><a href="https://www.bitcoinpleb.com/p/hodling-vs-trading-patience-bitcoin">trade Bitcoin</a></strong>. </p><p>Accumulate as many Satoshis as you can, and prosper.</p><h3>4.) The Price is the Price - Stop Arguing With the Market</h3><p>This one is tough once you&#8217;ve fully swallowed the Orange Pill.</p><p>Logically, we know Bitcoin should be selling for many multiples of the current Dollar price.</p><p>But it&#8217;s not.</p><p>So don&#8217;t get cute.  Don&#8217;t try to time the tops and bottoms.</p><p>The (fiat) price is the price, and that is a reflection of the collective knowledge of all participants on earth at any given moment.  But 1 BTC will always equal 1 BTC.</p><p>If you&#8217;re struggling with your argument about the <strong><a href="https://www.bitcoinpleb.com/p/price-is-what-you-pay-value-bitcoin">fiat price</a></strong>, meditate on this question for a few days&#8230;</p><p><em><strong>What is Money?</strong></em></p><p>When you carefully consider this question day in and day out for a few months, you see there are various forms of money, all in competition with each other at any given time.</p><p>Bitcoin is the superior money because of its qualities, and as people <em>come to understand</em> - it will naturally increase in value <em>compared to everything else</em>.</p><h3>5.) Bitcoin is the Elephant in the Room, and That&#8217;s OK</h3><p>After swallowing the Orange Pill whole, and perhaps dosing on another dozen Orange Pills thereafter, you may be inclined to let anyone and everyone in your general vicinity all about it.</p><p>They may not be all that interested.</p><p>And that is perfectly OK.</p><p>Bitcoin is the elephant in the room and one by one it will be acknowledged.  </p><p>Most people are pretty uncomfortable changing a radical worldview quickly and decisively.   So &#8220;touchpoints&#8221; are how you let people know about it.  </p><p>The more people who reach out to them about the topic of Bitcoin, the better.  Generally, people have to hear about something several times, then they finally investigate further.</p><p>Everyone has been brainwashed FROM BIRTH that fiat currency is normal and healthy for all&#8230;it is absolutely going to take lots of time, lots of new ideas, lots of teaching, and lots of patience to DEMONSTRATE this is verifiably false and we are on our way to something so much better.</p><h3>6.) Bitcoin is My Slave - Not My Master</h3><p>Wherever you came from when it comes to money and wealth, don&#8217;t let any form of money become your master.   </p><p>Yes it&#8217;s exciting.  Yes it is an amazing innovation!  </p><p><strong>YES! YES! YES!</strong></p><p>But treat it as an exceptional tool in your toolbox.  Money isn&#8217;t everything, there are far more important things in my life, and yours.  </p><p>Together we can make those great things in our life even better, with Bitcoin.</p><h3>7.) Leverage is the Devil</h3><p>This one is tough personally.  </p><p>New financial products emerge from the invention of Bitcoin, and it&#8217;s easy to get levered up when you are feeling extremely bullish.</p><p>Personally I borrowed against some of my stack in 2020-2021.  All went well until it didn&#8217;t&#8230;</p><p>Now I wouldn&#8217;t say <strong>I got REKT</strong>, because I was conservative, but I wasn't conservative enough.</p><p>Don&#8217;t play around, don&#8217;t get cute, just stack sats and store them away for the long term.</p><h3>8.) Stay Humble</h3><p>The saying is well known because it contains so much unvarnished truth.</p><div class="pullquote"><p>Stack Sats.  Stay humble.</p></div><p>Nobody knows exactly where this ride ends, and the path it takes.  It could be really quick, it could take 50 years.  Who am I to say what is going to happen, other than Bitcoin will happen for everyone - in time.</p><p>Humility is not a quality promoted in today&#8217;s world which glorifies social media personalities.</p><p>So you have to cultivate that quality on your own, in private, and <em><strong>with intention</strong></em>.</p><p>Doing so will help you hold onto your stack.</p><h3>9.) Don&#8217;t Blindly Follow any One Person in Bitcoin</h3><p>Like anything, Bitcoin has its personalities.</p><p>Can be fun, but it wears a person out over time.  At the core of all of this is simply a software program.  One that people can choose to opt into or not-so-nicely decline.</p><p>Bitcoin doesn&#8217;t <em><strong>need anyone,</strong></em> the heroes of the past usually decline into irrelevance, puffed up by ego and pride they demand people listen to them as they pitch their own personal shitcoin, product, or belief system.</p><p>Don&#8217;t worry about anyone&#8217;s Bitcoin &#8220;takes&#8221;.  Don&#8217;t worship anyone.  Collect information from a wide variety of sources, use what is helpful and discard the rest.</p><p>Bitcoin, on its own is enough.</p><h3>10.) Personal Responsibility is King</h3><p>Nobody will take care of your Bitcoin better than you will take care of your Bitcoin.</p><p>Many learned this in 2022 as big &#8220;cRyPto&#8221; companies got absolutely demolished because of their shady business practices.  Plenty of people who have (had?) Bitcoin now watch as bankruptcy courts oversee the distribution of any leftover funds.</p><p>What a mess.</p><p>But it could&#8217;ve all been avoided if these folks had realized Bitcoin is about <em><strong>personal responsibility</strong></em> and empowerment.  </p><p>Having access to a money with NO counterparty and NO custodian should be looked at as an incredible benefit, not an inconvenience. </p><p>It&#8217;ll probably take another round or two of people getting wrecked before the message really hits home.  It is unfortunate, but that&#8217;s what more than 100 years of <strong><a href="https://www.bitcoinpleb.com/p/why-a-25-year-old-idiot-will-be-rich">fiat brainwashing</a></strong> will do to people. </p><p>They will continue to think a bailout awaits any time their custodian does something shady with their money.</p><p>Not your keys, not your coins.</p><h3>11.) Nobody Cares About Bitcoin (Until They Do)</h3><p>Another tough Orange Pill to swallow for some of us&#8230;</p><p>When people complain, and you offer them a perfect solution to their problem, and it&#8217;s met with rejection - it can be disheartening.</p><p>Another famous Bitcoin quote applies of course: </p><div class="pullquote"><p>&#8220;Everyone buys Bitcoin at the price they deserve&#8221;</p></div><p>So much truth wrapped into eight little words!</p><p>The <strong><a href="https://www.bitcoinpleb.com/p/debt-slavery-bitcoin-saving">legacy system</a></strong> doesn&#8217;t care because everything revolves around fiat.  Normal people don&#8217;t care because they are playing the fiat game.</p><p>So we must simply build the parallel system, and <strong><a href="https://www.bitcoinpleb.com/p/spending-100-hours-understanding-bitcoin">invite people to play</a></strong> when we have the opportunity.</p><p>Millions are now playing.  Maybe a billion will be playing by the end of the decade.</p><p>But it really doesn&#8217;t matter.  Everyone will migrate to a <em><strong>hard money standard</strong></em> when they&#8217;ve endured enough theft from the fiat system.  </p><p>Inflation, taxes, Wall Street fraud and any political spending aren&#8217;t going to stop.  In fact, they are going to escalate and the propaganda to cover up their ongoing theft from the population.</p><p>These facts by themselves ensure Bitcoin&#8217;s success, so we don&#8217;t even have to worry about it.  </p><p>We only have to save, wait, and enjoy life!</p><div><hr></div><p>If you enjoyed this post, please &#8220;like&#8221; it up at the top of the page, or share it with someone you think would enjoy it!</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/p/11-things-i-wish-my-2016-bitcoin?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/p/11-things-i-wish-my-2016-bitcoin?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share</span></a></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item><item><title><![CDATA[Bitcoin is Unlike All Other Financial Assets and Why Humble Stackers Have the Edge]]></title><description><![CDATA[Other assets do not trade like Bitcoin, and that's why it will be undervalued for several decades.]]></description><link>https://www.bitcoinpleb.com/p/bitcoin-unlike-other-financial-assets</link><guid isPermaLink="false">https://www.bitcoinpleb.com/p/bitcoin-unlike-other-financial-assets</guid><dc:creator><![CDATA[Vincent Van Dough]]></dc:creator><pubDate>Thu, 08 Jun 2023 17:22:42 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!IMIN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!IMIN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!IMIN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg 424w, https://substackcdn.com/image/fetch/$s_!IMIN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg 848w, https://substackcdn.com/image/fetch/$s_!IMIN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!IMIN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!IMIN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg" width="1024" height="898" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:898,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:385302,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!IMIN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg 424w, https://substackcdn.com/image/fetch/$s_!IMIN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg 848w, https://substackcdn.com/image/fetch/$s_!IMIN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!IMIN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F86f09696-544c-4305-805c-fd95ef7d9167_1024x898.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Monetary revolutions don&#8217;t come along often.</p><p>In fact, this is the first one of the Information Age.</p><p>Everyone out there is basing their decisions on how things &#8220;were&#8221; and not on how they are &#8220;going to be&#8221;.  </p><p>And if you take a single thing from this article, let it be that.</p><p>Decisions are being made <em><strong>everywhere</strong></em>, by almost <em><strong>everyone</strong></em>, on <em><strong>how things were</strong></em>, and not how they are going to be.</p><h3>Volatility Keeps People Out, and That is Good For You and Me</h3><p>There aren&#8217;t assets out there that <strong><a href="https://www.bitcoinpleb.com/p/hodling-vs-trading-patience-bitcoin">trade like Bitcoin</a></strong>.</p><p>Imagine a house trading for $1,200 one year, then dropping down to $275 the next.</p><p>Three years later the same house goes for just under $20,000, but plummets to $3,100 the next.</p><p>Again, three years later the house price skyrockets, this time topping out at $69,000&#8230;only to dive down to $15,000 the following year.  </p><p><em><strong>&#8220;Real estate is uninvestable!!  It&#8217;s too volatile!!&#8221;</strong></em></p><p>All the while, the happy homeowner enjoyed the house all along and has seen his equity skyrocket over a decade.</p><p>So it is with the hardest money ever created.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/subscribe?"><span>Subscribe now</span></a></p><h3>Bitcoin Melts Minds, Thus People Dismiss it Immediately</h3><p>For a moment, try to transport yourself into the mind of an ordinary person looking into Bitcoin for the first time.</p><p>They first look at the price, of course.  Prices are simply the best communication tool we humans have, and we make almost every financial decision based on its price, at least at the start.  So they look at Bitcoin trading at $27,000 currently, and start their analysis.</p><p>One of two things will happen: </p><p>They will see it&#8217;s up from $0 initially, and think they are &#8220;too late&#8221;</p><p>Or they will see it&#8217;s down from $69,000 and say &#8220;Oh look Bitcoin is dead&#8221;</p><p>And then they go to Starbucks and get a coffee.</p><p>Yes, it&#8217;s kind of disappointing and sad.  But we live in a society that does not encourage deep investigation, thinking, or curiosity.  Most simply want instant gratification and to be entertained.</p><p>But one man&#8217;s failure to dig is another man&#8217;s gold mine - so to speak.</p><p>So it presents YOU an incredible opportunity to accumulate, sit, learn and prosper over the <strong><a href="https://www.bitcoinpleb.com/p/evaluating-the-bitcoin-payoff-increasing">long term</a></strong>.</p><h3>Stay Humble, Stack Sats - Patience, Discipline and Knowledge</h3><p>Earlier it was noted people play the game of life base on <em>how things were</em>, and to some extent <em>how they are</em>.</p><p>This is where you gain the edge.</p><p>You patiently educate yourself while everyone else binges Netflix.  You take 10% of your pay for ten years, and <strong><a href="https://www.bitcoinpleb.com/p/how-to-get-rich-with-bitcoin">purchase Bitcoin</a></strong> with that dirty fiat money.  And you carefully learn how to store your Bitcoin, away from the corrupt banks and financial institutions that beg for government bailouts the second their bad decisions are publicly exposed.</p><p>This is the way.</p><p>You don&#8217;t worry about drawdowns in fiat, because Bitcoin is a rapidly monetizing asset,  Dollars can be printed <em><strong>at will</strong></em> by those in charge, Bitcoin cannot.  </p><p>Neither of these things will change, their course has been set for some time, and nothing is going to change their trajectory. </p><p>So act on how things <em><strong>will be</strong></em>, not on how they are&#8230;</p><div><hr></div><p>If you enjoyed this post, please &#8220;like&#8221; it or share it with someone else!</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/?utm_source=substack&utm_medium=email&utm_content=share&action=share&quot;,&quot;text&quot;:&quot;Share Bitcoin Pleb &quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.bitcoinpleb.com/?utm_source=substack&utm_medium=email&utm_content=share&action=share"><span>Share Bitcoin Pleb </span></a></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.bitcoinpleb.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Bitcoin Pleb ! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item></channel></rss>