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31 Dec 20, 18 tweets, 4 min read
0/Thread of Threads (2020).

Central banks around the world have accelerated their assault on the public. A tsunami of debt has been printed and there’s no end in sight.

They’re heating the house by setting it on fire.
1/Savings have been obliterated. Today’s youth increasingly looks forward to a bleak future of have and have nots. The K shaped recovery will stand over them not as as monument but a wall against prosperity.
2/Bitcoin has emerged from its deep slumber, roaring back to life at the most opportune time. As it continues to monetize, subsuming fiat, we will begin to see overt manifestations of hyperbitcoinization.
3/Exactly how fiat unravels is far from certain but certainly central banks will play the leading role in defining the next several years of our lives.

Below are my 2020 threads exploring these issues.
4/Savers and the ECB

5/Fiat Inflation vs Bitcoin Deflation

6/FADE (Fiat Assured Destruction Event)

7/End of a Cycle

8/The Decade of Discontent, Destruction and Debt Deflation: 2020-2030

9/Hyperbitcoinization Redux (2020)

10/Debt Drives Our World

11/Bitcoin vs Gold (Part 2)

12/Bitcoin Hostage Crisis

13/Bitcoin Bubbles (are Good)

14/The Bitcoin Baron

15/Bitcoin, A Force for Good

“Close your eyes Luca. Look deep into yourself and trust your feelings. Bitcoin is a force for good.”

citadel21.com/bitcoin-a-forc…
16/Thread of Threads (2019).

Hyperbitcoinization 2020 (correct link)

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More from @ObiWanKenoBit

O₿iWan Profile picture
17 Dec 20
0/There is a pervasive undercurrent which seeks to undermine the very root of the capitalistic ethos inherent in Bitcoin’s design. Many question the accumulation of bitcoins by early adopters & reframe early ownership as form of inequality:

The Bitcoin Baron. A thread ⤵️
1/The quest to right inequalities or establish equality has expanded beyond mere social and political discourse. Many seek to upend real and perceived imbalances in the economy through regulation and social exclusion.
2/Yet these misplaced attacks on wealth accumulation take aim at beneficiaries of a corrupt system instead of addressing the root cause of the widening wealth gap.
Read 25 tweets
O₿iWan Profile picture
18 Nov 20
0/Bitcoin Bubbles

Each is a composite of individually foolish but collectively rational actions. Selfless and selfish cooperation emerges from the mania. The output of a higher order social and monetary network effect, they are Bitcoin’s self-realization mechanism. A thread ⤵️
1/Though the surge of the bubble is rooted in herd movement, the market is fundamentally one of singular individual choice. Participants undergo a psychological endurance trial as they seek to claim their stake of fewer and fewer bitcoins.
2/It is the manifestation of a desire to escape the devastation of our rent seeking economy. Magnetized by price movement, a subconscious mass movement forms & lurches towards an indistinct light, a glimmer of hope: release from the state’s tyranny, a chance for self-sovereignty.
Read 10 tweets
O₿iWan Profile picture
16 Nov 20
If you think it’s too late to get into Bitcoin wait till you see what the USD has in store for you. Image
The deficit myth is a dose of not so “Modern” Monetary Theory yet the path has already been prescribed and socialist debt policies will decimate the economy.

More money juicing. The Fed has just started to work its way to the top of this parabola. Savings will evaporate like morning fog under the hot glare of the sun. Image
Read 5 tweets
O₿iWan Profile picture
10 Nov 20
@CashApp will hold your bitcoins hostage.

Few understand this ⤵️
1/The next bull run has begun. Bitcoin has sprung from the 3Ks to 15K. The long awaited “institutions” are here building massive positions and beginning to publicly share their Bitcoin investment theses.
2/Despite the bear market opportunity and relative ease of self-custody many hold Bitcoin on exchanges and services. As the price 2X, 5X and 10Xs from here, newly minted Bitcoiners will find their bitcoins trapped.
Read 11 tweets
O₿iWan Profile picture
16 Aug 20
Bitcoin vs Gold (Part 2)

0/The gold standard was abandoned in 1971 & absolute control over the money supply handed to central banks. Yet despite gold’s new ATH and long held popular narratives, it cannot function as an adequate check against fiat. Thread ⤵️
1/Humans organically sought ways to communicate value in local trade circles and settled on a form of money. When trade expanded it met other local forms of money. These were corrupted through counterfeiting (Rai stones, glass beads) or adopted if it was better (gold).
2/Good money breeds trust which can be leveraged for personal and political gain. Rules were established to codify the good money. Yet those rule makers - those in power - clipped coins, debased currencies and/or outright printed money for personal benefit.
Read 17 tweets
O₿iWan Profile picture
6 Aug 20
0/Debt drives our world. It permeates every financial interaction, sits at the heart of an entire global economy. It feeds on itself, on us & consumes without producing. We sit at the apex of 100+ yrs of a grand experiment. Our debt construct is fracturing. What's next?
1/The Fed’s fix is a commitment to a tsunami of debt. It’s going to break its 2% inflation mandate and aim higher. And in order to do so money printing will reach epic levels to combat global devaluation and long term technology driven deflation.

bloomberg.com/opinion/articl…
2/The Federal Reserve does not want to make the “mistakes” of the Great Depression. In 2002 Ben Bernanke said:
Read 43 tweets

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