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Robert ₿reedlove Profile picture
@Breedlove22
Jan 9, 2022 • 11 tweets • 5 min read • Read on X
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A #Bitcoin masterpiece has been written by @johnkvallis, and Sunday is the perfect day to immerse yourself in this beautiful work of art...

"Money Messiah" uncovers the consequences of corrupt money better than anything I've ever read.

Quick thread⬇️:

johnkvallis.substack.com/p/money-messia…
One of the most profound lessons the study of #Bitcoin, money, and economics will teach you is that the materialist perspective is incomplete. For humans, motivational significance matters more than any substantive reality...
A civilizational paradox: as we strive to push back the uncertainties of entropy through capital accumulation and the establishment of socioeconomic protocols, we run the risk of creating a tyrannies of excessive order. To succeed, we must surf a knife-edge of order and chaos...
Through our contentions with one another and the constraints of physical reality, we discover the contours of nature (human and nonhuman) and encode this knowledge into our "mythic structures" including the property rights and legal systems comprising nation-states.
When these "mythic structures" evolve in a way that is divergent from their purpose, "heroes" are called to courageously face the unknown and discover new, useful information necessary to reengineer our hierarchies in congruence with the contours of human and nonhuman nature.
This makes the hero (and its modern embodiment, the entrepreneur) a necessarily revolutionary figure. To contend with the unknown successfully, "articles of faith" are essential mechanisms for the entrepreneur to guide himself. Of these, none is more paramount than honest money.
When the "article of faith" of money is corrupt, it distorts the feedback loops between entrepreneurial efforts and outcomes, leading to rickety construction jobs on our many "mythic structures." To be honest, money must be as limited in supply as the time/energy it emblematizes.
Closely related to the concept of limitation is value, which humans use to prioritize their actions and assemble social hierarchies. Money is the social technology which communicates value with the highest fidelity—that's why it is our oldest and most important tool.
As the language of common economic numeracy, money is the primary link among human minds worldwide and humanity's many social hierarchies. When this language is congruent with the truth of time/energy scarcity, it harmonizes human action. When it is not, societies self-destruct.
I could go on and on about this work of art by @johnkvallis, but to truly appreciate the magnitude of his accomplishment, you'll have to read it all yourself.

A timeless piece of literature, this work answers the question "What is Money?" with elegance and force.
#Bitcoin is incorruptible money, and therefore it holds great promise to purify humanity's many hierarchies.

Thank you for your work @johnkvallis 🙏

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More from @Breedlove22

Robert ₿reedlove Profile picture
Mar 25
I spent 7+ years studying money full time to understand how the financial system was designed to keep you poor forever.

Here are the top 10 brutal truths no one will ever teach you (THREAD):

1. Every dollar is your life compressed into a token.
When inflation destroys it, those are real hours of your life you can never recover.

It is a legally enforced transfer of wealth from those who earned it to those who printed it.
2. Food, healthcare, pharma and politics look like separate problems (they're not)

They all operate inside the same broken incentive structure built on top of dishonest money.

For every thousand hacks at the leaves, there is but one strike at the root. Corrupt money is the root problem, but its symptoms are countless.
Read 12 tweets
Robert ₿reedlove Profile picture
Jan 23
The state doesn’t tax because it needs money.
It can print that.
Taxes exist to steal the value of your labor.
Taxes are a system of legal coercion designed to extort value from producers and redirect it toward political ends.
Once you see this, the tax code stops being confusing.
It becomes revealing.
🧵👇Image
The tax code is not neutral.
It punishes prudence. It punishes productivity.
It punishes saving in depreciating currency.
And it selectively spares those who deploy capital into productive systems.

Two systems of taxation exist:
• One for those who understand the incentives
• One for everyone else
“Rules for thee, but not for me.”Image
The current administration is taking this idea and sprinting with it.

The national debt is approaching $40 Trillion and you can’t tax your way out of that.

The only options are to:
Print your way out of it
Grow your out of it
The so-called ‘Big Beautiful Bill” exists to do both:
Spend (via money printing)
Tax deductions for business owners through bonus depreciation
Bonus depreciation isn’t generosity. It’s a desperate attempt to “stimulate” growth.
An economic hail-mary that business owners can stimulate enough long-term real economic growth to offset monetary debasement.Image
Read 5 tweets
Robert ₿reedlove Profile picture
Sep 23, 2025
Are Bitcoin’s 4-Year Cycles Over?
The team at @BlockwareTeam thinks so — and their latest report lays out why Bitcoin is transitioning from a retail-driven boom-and-bust asset into a true macro asset class.
Here’s what it says 🧵👇 Image
Historically, Bitcoin’s price action followed predictable 4-year cycles, driven by halving supply shocks and retail speculation.
But in the post-ETF era, institutional capital is changing the rules. The old cycle model is breaking down.
Since the creation of the ETF in January 2024, Bitcoin’s largest drawdown has been a mere 30%Image
Image
One of the best ways to value Bitcoin (and remove the noise from the signal) is by using ‘Realized Cap.’ This is the value of all BTC based on the price they were last traded at.
Blockware’s report highlights a diminishing multiple between the Market Cap and Realized Cap. Moreover, their regression of these metrics shows that the impact of capital inflows is far more predictable post-ETF.
The immature, retail-driven market with wild reactions to capital inflows is over (both to the upside and downside).Image
Image
Read 7 tweets
Robert ₿reedlove Profile picture
Jul 23, 2025
How the Wealthy Avoid Taxes (Legally) — and Why Bitcoin Mining is the Newest Loophole

Donald Trump never paid much in taxes.
Not because he cheated — but because he understood one of the most powerful weapons in the U.S. tax code: depreciation.

He bought real estate, buildings, and claimed massive paper losses… and still made money.

Now you can do the same — with Bitcoin Mining.
🧵👇Image
Under Trump's original tax plan in 2017, investors could write off 100% of the cost of business equipment (like real estate renovations or machinery) in Year 1.

This is called bonus depreciation.
It let Trump "lose" millions on paper, while collecting real income.

That’s now BACK — thanks to the Big Beautiful Bill.Image
Bitcoin miners can now write off 100% of mining hardware costs in the first year.

Instead of writing off a property over the course of 39 years like real estate investors...
Bitcoin miners can depreciate everything instantly.

- Same tax shelter
- Higher returns
- Bitcoin income, not dollars

A good Commercial Real Estate investment returns 10% per year.
Bitcoin miners consistently return 50% per year.Image
Read 5 tweets
Robert ₿reedlove Profile picture
Jun 26, 2025
The man who revived Atari from the brink of death is now building the fastest growing Corporate Bitcoin Treasury on the Paris Stock Exchange – and hardly anyone is paying attention.
Here’s the story of Frédéric Chesnais and Crypto Blockchain Industries () 🧵👇ALCBI.PAImage
Image
Frederic Chesnais took Crypto Blockchain Industries ($ALCBI.PA) public in Q4 2021 at the peak of the BTC bull run and the post-covid monetary expansion. They started as a Web3 conglomerate — with ventures in the metaverse, tokenized gaming, and digital identity.
But by 2025, their stock was down more than 90% from its high.
Liquidity was gone.
The core business was fading.
CBI needed a strategic pivot — fast.Image
On May 14th, 2025, CBI shocked the market.
They announced a 10-year partnership with @BlockwareTeam to build a Bitcoin-native treasury — not by buying BTC directly, but by mining it.
Since then:
▫️ Stock up 10x
▫️ Market cap +€500M
▫️ Trading Volume up 100x
This move took CBI from a zombie stock to Bitcoin proxy.Image
Image
Read 6 tweets
Robert ₿reedlove Profile picture
May 20, 2025
On April 19, 2024, Bitcoin Miners went from earning 900 BTC per day to 450 BTC per day.

"Halvings" enforce Bitcoin's 21,000,000 supply cap, but the drop in revenue creates a challenge for Miners.

How have Miners fared since the 2024 halving? Is Bitcoin Mining still profitable? 🧵👇Image
To start, let's look at 'Hashrate' -- the combined computational power of all Bitcoin miners on the network.

When hashrate is increasing, miners are expanding operations. They're building new facilities, plugging in new machines, etc. -- it's a sign of a healthy, profitable, competitive market.

Hashrate rarely drops. But when it does, it usually means miners are struggling.

The best way to analyze hashrate is by comparing the 30 & 60-day moving averages. These are known as 'hash ribbons.' When the 30-day moving average drops below the 60-day that means the least profitable miners on the network have turned off their machines.

This typically marks a local bottom in the BTC price as well as mining profitability:

- Inefficient Miners (old machines & high electricity rates) capitulate
- Mining Difficulty adjusts down
- Surviving miners become more profitable
- Less sell pressure from miners
- BTC price increases, mining becomes more profitable

Bitcoin Mining is a competitive, free market with no bailouts. The best operators -- those with efficient machines and low cost electricity -- survive and thrive over the long-term.Image
'Hashprice' measures the amount of revenue earned by Bitcoin miners everyday per unit of computing power. This is the best metric to gauge mining profitability because it factors in the Bitcoin Price, Mining Difficulty, the Halvings, and Transaction Fee Revenue.

It’s been volatile, but over the past 13 months, ‘Hashprice’ has averaged about $0.05/Th/Day.

All things considered, this has been a great performance and a bottom seems to have been established in terms of miner revenue. Multiple re-tests of the lows have been successfully won by the bulls, and it’s likely that the past year’s performance will be the ‘bear market’ of this epoch for Bitcoin miners.

Many bullish catalysts are emerging that could send the BTC price, and consequently, miner revenue, much higher over the next 3 years.Image
Read 6 tweets

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