Share this page!

Saifedean.com Profile picture
Twitter logo
8 Apr, 3 tweets, 1 min read
Possibly the most underrated trend in bitcoin is NYDIG's expansion into offering bitcoin solutions to the insurance industry. Bitcoin's appreciation makes it a far better asset for insurers and their clients than depreciating fiat.
NYDIG Chairman Ross Stevens puts it best:

"Fiat depreciation causes inflation in fiat premiums, while collapsing the purchasing power of claims. We see a brighter bitcoin-powered future for the billions who depend on the insurance industry every year."
NYDIG's insurance solution division is hiring the former CEO of TransRe, Mike Sapnar. They already have investment from Mass Mutual and NY Life. The global insurance industry is $6t/year & it hasn't even dipped its toes in bitcoin yet.

• • •

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

Saifedean.com Profile picture
7 Apr
Libertarianism is against coercion, not collective action. People can act collectively without coercing each other. Individualism means sovereign choice, it doesn't mean not taking part in peaceful collective activities.

Do thinkbois also think libertarians oppose team sports?
Authoritarians like @EricRWeinstein don't get the distinction between collective & coercive action because their ideas are so bad they can only get others to join them by coercion.

They'd be far less authoritarian if they tried having good & useful ideas others want to join.
Protip:

Don't critique libertarianism before you've at least read The Ethics of Liberty by Rothbard, or you'll end up exposing yourself as a shallow authoritarian thinkboi critiquing your fiat university's stupid propaganda caricature of libertarianism.

mises.org/library/ethics…
Read 6 tweets
Saifedean.com Profile picture
3 Apr
The biggest problem fiat brains have with bitcoin is that they think it needs to win an intellectual argument against their stupid fiat theories to succeed.

It doesn't.

It just needs to keep going up in value & all your fiat theories are irrelevant noise powerless to stop it.
"money is not supposed to be volatile"
"money is supposed to conform with this economic theory"
"money needs X but bitcoin doesn't have it"

As long as bitcoin's price goes up, all of this is bitter irrelevant stupid noises of losers whose investments can't outperform bitcoin.
All your preconceived notions about money and economics come from fiat voodoo economists licking the boot of their government paymaster.

It is not holy scripture & bitcoin will completely destroy these idiotic models & the livelihood of the fiat hucksters who popularize them.
Read 6 tweets
Saifedean.com Profile picture
2 Apr
Being fat not only increases your risk of serious covid complications, it also makes you more likely to transmit it to others.

Instead of demanding to force healthy people at 0 risk to carry vaccine passports, why don't you first try not being fat?
pnas.org/content/118/8/…
The rationale behind all the hysterics' assaults on healthy people has been that they could potentially transmit viruses.

Yet the same fat pharma-funded public health criminals will never mention anything about obesity because the goal is power, not health.
Can any of the coronahysterics make a coherent argument for why restricting the freedom of fat people at high risk from illness & transmission is wrong, but restricting the freedom of all people, including those at very low risk of transmission, is ok?
Read 4 tweets
Saifedean.com Profile picture
25 Mar
One of bitcoin's wonderful newly-discovered features is that it will lead gullible anti-human hysterics to scam themselves into poverty by going into green-signalling stupid shitcoin scams.

Have fun staying poor & hysterical!
Your entire modern life, from effortlessly surviving winter to all your electronic devices, is utterly dependent on hydrocarbons & carbon emissions. Until you live a year without them, your opinion about bitcoin consumption is dumb worthless noise.
Modern life's hallmark is energy replacing human labor. It's how washing machines, tractors, cars, & PCs free us from drudgery & poverty. Every technological improvement we discover allows us to replace living human time with dead fuels and that's unequivocally a good thing.
Read 4 tweets
Saifedean.com Profile picture
14 Mar
The typical libertarian think tanker is a bitter loser with nothing constructive or intelligent to say. If you think bitcoin can work, they will launch into emotional diatribes about how it can't because they have credentials & degrees, while never offering a cogent argument.
Similarly George Selgin spent years snarkily insulting bitcoiners for not understanding money, then when on a stage to debate me, chickened out & said bitcoin has great monetary policy & resorted to arguing dumb bcash scammer talking points about scaling
Imagine spending your life working on monetary reform & then bitcoin comes along & your most notable contribution is not to explain it to the world, but to moan on Twitter that bitcoiners don't respect you or understand economics as well as you.
Read 4 tweets
Saifedean.com Profile picture
8 Mar
If you bought $10 of bitcoin a week for the past 7 years, you would have turned $3,660 into $218,940 today.

Imagine how many people's lives could be improved if they had done this.

Now imagine how many were put off doing this because they listened to clueless bitcoin skeptics.
Bitcoin's uptime & price appreciation are unprecedented in payment network & financial asset history.

Bitcoin skeptics have no way of explaining this but still feel confident enough to turn people away from it because it doesn't agree with their fiat university's dumb theories
Bitcoin skeptics are technically & economically illiterate luddites who are turning people away from the world's best monetary technology, because of noises they learned from central bank propaganda mouthpieces at fiat universities.

econjwatch.org/articles/the-f…
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!

Like this author's thread?

Get emails when @saifedean has new unrolls!

Check out other threads from @saifedean!

Read all threads by @saifedean