1/4 A few of my colleague fund-managers agree that the most important factor involving Bitcoin is custody.

A Hodler should think of bitcoin , as if it was already worth millions. That's the only way he'll become anxious enough to make sure he's covering 100% of every corner,
2/4 when it comes to holding it -no matter how many years of work and research it takes him to learn the details. Thinking that way, also forces them to realize they cannot allow themselves or any intermediary who is holding their bitcoin on their behalf, to speculate with it,
3/4 back and forth. Just like they wouldn't allow that to ever happen with a large plank of physical gold, if they had one. It's that simple.

In short, unless a Hodler finds a truly effective to develop the necessary amount of respect required to handle a true Reserve Asset,
4/4 he will end up treating it, like all of those famous #cryptotwitter noobs, who are famous for their financial prowess, but have only ever dealt with what I call "Pantomime Assets," whose price (and everything else about them) is 100% under the control of the central planners

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More from @olairet

6 Oct
1/18 Bitcoin's Computer Nodes, which have, so far read (and processed) at least 613,870 chat interactions since January 3, 2009 (one every 10 minutes over the past 11 ½ years), one cannot expect us, humans, to waste our precious little time on earth, checking (every 10 minutes!) Image
2/18 what’s truly happening with our money. Especially, having understood that “Money” is nothing else, but a system of Accounting Entries (don't believe anything else) to keep track of our Current Economic Value Contribution and any excess of it, we have created during our Image
3/18 lifetimes. In short, Money is just ANOTHER PROCESS, and as such, it should have been automated decades ago. But, as we all know, it’s been over a century, since the State made money a Religious System, where only the Central Bank Pope and the powers that put them there Image
Read 18 tweets
5 Oct
1/3 Rómulo Betancourt no solamente, no es el padre de la democracia, es El Padre de la Corrupción a Gran Escala en Venezuela y mientras no confrontemos esa realidad histórica, las fauces de la corrupción a gran escala seguirán abiertas y la manipulación mediática continuará...
2/3 siendo el verdadero factor de poder que funciona en Venezuela. Una sociedad que, en lugar de verificar las cifras históricas, le atribuye milagros al partido más corrupto que ha tenido Venezuela, después del chavismo y a sus manipuladores mediáticos, seguirá siendo...
3/3 sometida por la supuesta democracia que desde el 58, todo lo que hizo fue destruir la riqueza adquirida entre 1917 y 1957, cómo demuestra la gráfica.
Read 4 tweets

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