1/ GigaChad, the thread.

Why Michael Saylor is - and probably will remain to be - the #Bitcoin GigaChad for quite a while.

👇 Image
2/ He went from zero to cyber hornets serving the goddess of wisdom faster than anyone else, realizing that there is only one game in town: #bitcoin.

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

h/t Guy Swann (@TheCryptoconomy / @BitcoinAudible)

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.

12/ $425 million.
No shitcoinery.
100yr all-in #bitcoin play.

GigaChad move.

The Corporate Bitcoin Standard is already here, it is just not evenly distributed yet.

Your move, CEOs of this world.

Bonus: Great thread of quotes and lessons curated by @pointsixonefive

MicroStrategy launches dedicated site about Bitcoin and Bitcoin Resources.


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."

GigaChad dispelling energy FUD on Swan Signal Live. (h/t @SwanBitcoin @CitizenBitcoin)

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

(h/t @WhatBitcoinDid / @PeterMcCormack)

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More from @dergigi

14 Jan
1/ Everyone knows that time is money. In the digital realm, however, money is also intricately related to time. It has to be.

2/ Among other things, money solves a coordination problem. Trading a single good against others solves the combinatorial explosion of a barter economy. It is a scalability solution that allows coordination across large groups of people.
3/ The two basic forms of money are ledgers (made of information) and physical tokens (made of atoms). Physical tokens keep track of themselves. Ledgers need someone who is in charge.
Read 13 tweets
13 Dec 20
Dear legislators:
* a wallet is a collection of private keys
* private keys are just information

Do you realize what outlawing information would entail?
Information can be represented in all kinds of ways. Do you want to make QR codes illegal? Flags? Art?
Do you really want to move into the territory of illegal numbers? Do you want to outlaw speech?
Read 5 tweets
14 Oct 20
"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." -- @michael_saylor
Source: Swan Signal Live E33 with @michael_saylor and @DiMartinoBooth hosted by @CitizenBitcoin / @SwanBitcoin
If you're interested in exploring this idea, I wrote about it at length in 2018.

dergigi.com/2018/06/10/bit… Image
Read 4 tweets
21 Sep 20
1/ Bitcoin still feels weird, clunky, and complicated at times. Because it is! But so was any kind of computer network, not too long ago.

Some thoughts on Bitcoin's UX.👇

2/ We often forget how far we have come, and how difficult the most basic stuff used to be. In Bitcoin, some of the basic stuff is still difficult.

Pete in 1991: "What is an IRQ?"
Peter in 2020: "What is an XPUB?"
3/ But also in Bitcoin we have come far: BIP32, BIP39, BIP44, BIP141 - all of them make Bitcoin easier to use. We take them for granted, but we shouldn't. A lot of thought and hard work went into these improvements, leading to better UX in the end.
Read 12 tweets
19 Sep 20
1/ Now that the Chad money is coming in, let's look at what moving to a bitcoin-denominated balance sheet might mean.

On inflows, outflows, balance sheets, and how a circular orange future might resolve the points of contention in #Bitcoin

2/ In essence, every economic actor needs to have an economic inflow to survive. This is true for individuals, companies, and even states.

A healthy actor has more inflow than outflow, resulting in a positive balance. Spending is necessary for survival or growth.
3/ Most economic actors sell goods and services to generate inflow. Sooner or later, what they earn is spent again on other goods and services. A payment is simply a moment in time where one is given what is due for goods or services.
Read 24 tweets
2 Jul 20
I recently finished The Price of Tomorrow by @jeffbooth. The book gives a good introduction and overview in regards to the two grand themes that are currently playing out: the rise of AI and the downfall of fiat money.

Quick thread in case you want to dive deeper.

2/ In regards to AI and exponential progress, I highly recommend @waitbutwhy's lengthy two-part blog post from 2015. It does a great job of explaining what's going on and is quite thorough (if you can't be bothered to buy any of the books below).

3/ If you want to dig even deeper there is probably no better book than The Singularity Is Near by @raykurzweil - it's a bit dated and can seem outlandish at times, but the general concepts presented in the book are as relevant as ever.
Read 11 tweets

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