#bitcoin is now the universally applicable, single-issue pro-freedom schelling point that has never previously existed.
and now they are clumsily conspiring to attack it, outing themselves as unequivocally anti-freedom.
we know their attack will fail, yet the harder they fight the more attention they draw, leading more precoiners to decide to educate themselves to figure out what the hell is going on, accelerating their failure.
it really is beautiful to watch.
their options:
1 - conspire privately, perfectly making the point because #bitcoin is free and open source.
2 - argue publicly, outing themselves as technologically illiterate morons whose anti-freedom stance derives from their ignorance and stupidity.
3 - bend the knee.
everybody will land on 3 eventually. the only question is how long do they spend on 1 or 2, how embarrassing is it for them, and how hilarious is it for us.
but it gets even better ...
"liberty" in the political imagination of representative democracies has almost always been conceptualized in the negative, hence has almost always failed to form a democratic coalition, hence has been chipped away at bit by bit.
the people who rather like this chip, chip, chipping away, because they get to live both as parasites and as kings and who are now standing athwart history yelling "stop!" cannot possibly fathom how powerful this will become.
I'm not sure even I can.
I'll give nic the last word, coz why not, he said it best:
any bitcoiners working in traditional finance: your employer may not be as awesome as mine but don’t worry, your time will come and you’ll be a god damned hero 😊
DM me if you want any advice. happy to open source my institutional orange-pilling strategy 👍
so my DMs have exploded - WHICH IS A GREAT THING!
I’ll reply to all to be polite but a lot of what I’m saying is the same so I’ll shortly do a thread to make the generalities truly “open source”
...
okay, here goes:
1. *be clear on your goals and approach them tactically*
don't make your first swing about Austrian economics, regenerative farming, the petrodollar, or whatever other nonsense you've heard me spout off on.
I’ve only cried as an adult 3 times that I can remember: when my gf accepted my proposal, listening to @Snowden, and now listening to @JackMallers.
and that order matters btw: I will only ever be in awe of Edward and Jack from afar but family is the most important thing. especially the one you haven’t started yet 😊
sorry guys, I’m totes emosh.
your regularly scheduled shitposting will return posthaste 👍
Harris said he found it quite intimidating how smart everybody seems in the community. on the one hand, yay, go us, we are super smart 🤓
but on the other, I think the intimation is more a function of behaviour than intellgience. and it's indirectly a filter for humility.
2/n
there is simply no tolerance whatsoever for bullshit, and, simultaneously, the threshold for accepting something is that you understand it 100%, which means it needs to be perfectly explained to you also.
3/n
I'd be very, very, VERY careful dabbling in the "#Bitcoin is ESG" narrative and trigger-happily nailing your colors to the mast.
this narrative is absolutely true and will win out in the long run, but because bitcoin supports freedom, not because it supports audits 🙄
if you think capital allocators are going to give the slightest shit about greenwashing in the midst of a stagflationary bond market collapse, then I'm sorry to be the one to tell you this, but you have been hoodwunk by ur-racoons, to happily borrow an @EpsilonTheory-ism.
"ESG" box-ticking is peak Cantillon.
in fact, it's Lenz's Law of Capitalism. it's not the horse you want to back, even from the most cynically capital markets-minded perspective you can imagine, *provided* you are sufficiently long-termist in outlook.
probably no group in human history has done more damage to the environment than "environmentalists".
the ultimate source of the climate being a political issue is that nuclear power is politically impossible.
we are in the early innings of the exact same thing with #bitcoin 🧵
the greenest future you can hope for with any shred of realism is predominantly nuclear and hydro, with pockets of wind, solar, and natural gas, all enormously aided by bitcoin mining reducing their cost of capital.
all else is virtue signaling bullshit, power-grabbing, or both.
and even in this greenest of greeny green greeneroo outcomes - assuming you want this, Mr Environmentalist - oil is sticking around for a long, long time to support the transition.
if you disagree, you hate humanity, are playing politics, or both:
I guarantee nobody will have heard this before or thought about it this way so I'm really excited, but it is important he tells it himself rather than me telling it for him.
the only problem is he is on a submarine and I don't know where it is or when it's coming back.
2/3
and in fact, nobody does. best guess is september or october ish, but there's really no way to know.
so when @MartyBent says "imminent", that's still true if your time preference is super low.