Bitcoin is the only technology that allows you to convert Janet Mnuchin, Christine Powell, Jay Lagarde, Mario Yellen, and Steve Draghi into noises inconsequential to your life.
Imagine training and working all of your life to earn money, and then having to hang on every cryptic word of some fiat economist you never hired to try to figure out how to keep it.

#NocoinerProblems
The fiat scam is the idea that you can indefinitely finance government insanity.

The real cost is the destruction of individuals' ability to save for their future.

It's been a century-long ponzi of destroying one medium of saving after another & systematic mass impoverishment.
First cash couldn't keep up with inflation, so people switched to savings accounts, but they couldn't keep up either.

From the 1970s, you had to go to government bonds to save & that unleashed an orgy of irresponsible unaccountable destructive government spending worldwide.
But not even bonds can keep up with fiat governments' fiscal incontinence. You had to speculate on stocks you don't understand to have a chance of saving for the future. And now bonds & stocks are the world's savings account & inflation is needed to keep them constantly high.
Central Banks now have to constantly devalue the cash the poor hold to prop up the rich's assets. Who gets to keep their wealth for the future is a political question, and there are no pretty ways of answering it. The only correct answer is to individually opt out with bitcoin.
Bitcoin fixes this because it is a sane monetary system that monetizes a hard asset. No matter how many people buy bitcoin, nobody has a way of making more & destroying the value stored in it. It doesn't need the fiat economists to be on your side for it to work. It just works.
From seashells to iron, copper, silver, and gold coins, humans have always sought the best medium for saving. Fiat reversed millennia of progress by replacing hard gold with inflationary government-financing shitcoins, destroying endless wealth & raising our time preference.
Bitcoin's uniquely fixed supply & global salability makes it the only working technology that allows you to save for the future reliably. Only with bitcoin can you plan for the future. Only with bitcoin can you repel the fiat vampires draining your lifeblood.

Join us or #HFSP!

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Saifedean.com

Saifedean.com Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @saifedean

1 Mar
Millions of people worldwide are securely & happily holding ~$1 Trillion worth of bitcoin.

This is the only thing that matters: market success. If you think btc failed because it hasn't fulfilled a theoretical ideal you project on it, you're the one who failed to understand it.
There is an endless list of things that bitcoin is not. You're not being smart by pointing some of them out. You're being a pig-headed idiot for refusing to understand what things make it successful. It's really not hard if you'd stop trying to be a smartass & think.
"Apple failed because it cannot provide me with artificial girlfriends"
"Amazon failed because it cannot deliver to North Korea"
"Bitcoin failed because it's too volatile"

Same stupid energy.

Build a better Apple, Amazon, or Bitcoin or have fun staying irrelevant.
Read 7 tweets
25 Feb
Have you figured out how to live an entire year without consuming any hydrocarbons or releasing any CO2?

Until you do, all your opinion about how others consume & emit are just totalitarian sickness.

We all have to consume & emit to survive & you don't get to choose for others.
Without hydrocarbons all your modern life is impossible:

Computers
Phones
All electronics
Cars
Planes
Trains
Modern medical equipment
Houses
Heating
And much more

Cannot be made without hydrocarbons.

Survive without all these for a year THEN lecture others on how to live.
Breathing emits CO2. As does growing & cooking food.

The idea of living without emitting CO2 is insane.

Nobody can stop emitting CO2 while alive. They can only use this criminally stupid idea to control what others do.
Read 8 tweets
16 Feb
Fiat Standard con artist wants YOU to stop emitting CO2, which will quite literally destroy your life and make you destitute, while he continues to fly his private jet & profit from green energy scams subsidized by destitute taxpayers & inflation victims.
How does Gates justify his private jets & mansions powered by enormous quantities of hydrocarbons?

He invests in green scams which get massive fiat subsidies & mandates to replace YOUR reliable hydrocarbons with unreliable expensive biofuels, wind & solar, destroying YOUR grid.
Carbonhysterics will throw their usual hissy fits to deny this, but green scams are why blackouts are becoming commonplace in countries which solved the problem of reliable 24 hour electricity decades ago using reliable hydrocarbon & nuclear plants.

energytalkingpoints.com/california-bla…
Read 4 tweets
7 Feb
Can anyone make a good case for what New Zealand is wasting all this good electricity on? Image
I think the underlying technology behind New Zealand is interesting, but I just don't see how it can justify so much electricity consumption in the middle of the Pacific.
The old Zeeland is still working fine, and consumes far less energy than the New Zealand. I really don't understand what justifies all the extra energy expenditure to make a new one. ImageImageImage
Read 5 tweets
7 Feb
Anarchy in public health!

My latest seminar podcast reflects on 1 year of coronahysteria & 1 week of covid-19:

How would a free market handle respiratory illnesses?

Do public health measures work better than individual precautions?

Listen & subscribe:
saifedean.com/podcast/32-ana…
My personal experience with Covid was a 20-30% loss in productivity & a 20-30% increase in sleep, for about a week. By simply doing the opposite of everything public health authorities recommend, my immune system was able to shake this off easily.
The idea that the world needed to be shut down for
this disease always sounded insane to me, but it appeared in an entirely new light of stupidity after experiencing the illness & seeing the overwhelming evidence of how good metabolic health is key to fighting it off.
Read 6 tweets
4 Feb
Bitcoin is a global conspiracy to make the whole world rich and your only option is to join.
No matter how late you are to join bitcoin, you will still benefit enormously from living in a world where everyone can save their wealth in hard money. Like the wheel, electricity, or internet, everyone benefits from it.
Bitcoin is the best savings technology ever invented. For the past century we've had to make do with inferior alternatives:

-quickly depreciating government money
-immobile & unbankable gold
-volatile stocks & bonds
-real estate
-corporate debt
-art

We don't anymore!
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!