3/ How did he do it? He dove down the rabbit hole, quickly and deeply. Bitcoiners know that all roads lead to Bitcoin maximalism. For some, it's a long and rocky path. For GigaChad it's a 5 minute ride in his rocket car.
4/ Michael Saylor was sitting on a lot of cash, cash that was melting under his ass every single day. What to do? Put your money into something that doesn't lose energy over time and space. #Bitcoin
5/ He went on to explain his thinking in more detail in one of @saifedean's seminars, which I highly recommend listening to as well. After reading Saif's book it was clear that he had to move his company towards a Corporate Bitcoin Standard.
6/ When talking to @APompliano, he mentioned that he intends to hold #bitcoin for the next 100 years. One hundred years! Do you think the US dollar will survive that long? The Euro? The bolívar?
7/ If you are a GigaChad, you don't make your decisions without doing your research. You educate yourself. You read. A lot. In his interview with @nlw, he mentioned that he read @real_vijay's Bullish Case and @parkeralewis Gradually, Then Suddenly series.
8/ In his conversation with @stephanlivera, he goes into detail about how #Bitcoin dematerializes money. How it is a digital life form, and how Bitcoin minimalizes his attack surface to survive. @Bquittem would be proud.
9/ Unfortunately, the RealVision interview is behind a paywall, but the TL;DR is that @RaoulGMI was scared shitless by GigaChad's strong hands.
10/ GigaChads run the numbers. And if you run the numbers on inflation, you don't get 2% inflation, but 7-8% to 22%. And even gold inflates by 2% every year.
The obvious move is to move into an asset that won't inflate: #bitcoin
11/ Not many people have the conviction nor the knowledge to go all-in.
Michael Saylor has it all: the conviction, the knowledge, the capital, the right reasons, and the balls and brains to be loud and proud about it.
13/ "Bitcoin is protected by a wall of encrypted energy. The fact that there's a lot of energy involved is a good thing. It creates security to the network."
14/ "When the war arrives, you gotta choose sides."
The fork wars are behind us, the reserve currency wars are upon us. GigaChads choose a side, and @michael_saylor is convinced that the right side is #Bitcoin
It's hard to guard your time and attention when it is used as a defacto currency online. Using attention as a surrogate currency has led to all kinds of problems.
The root problem lies in the nature of coin, credit, circulation, and information. 🧵👇
Platforms harvest eyeballs and brain cycles to sell them to the highest bidder. The core of the advertisement model is combining addiction with surveillance, which destroys nuance and privacy alike.
The internet had to use attention as a surrogate currency because conventional currency doesn't work well online. You have to use IOUs when using conventional currency, which implies credit and counterparty risk, and thus KYC.
Crypto bros are worse than nocoiners. It's more honest and smarter to say "everything is a scam," even if it includes bitcoin.
Why should you trust magic internet money? It's all just made up funny money, right?
"Everything is a scam" is a reasonable position.
Understanding #Bitcoin - what it is, and how it works - is HARD. It takes a long time to wrap your head around money, around the fiat system, around cryptography, game theory, proof-of-work, etc.