26/ So, call your tokenized project anything you want. I call it a software project, one that has been given a wildly premature liquidity event and which, by doing so, has destroyed the key incentives to perform the WORK needed to drive a project to a sustainable phase.
27/ For the SEC, the correct term is “security”. But I don’t care about that debate and have no desire to sic the Feds on anyone. Just don’t call it “money” or, at least don’t embarrass yourself and call it "sound money".
Nov 18, 2022 • 25 tweets • 5 min read
1/ What non-Bitcoiners can’t seem to grasp is that any money that can be manipulated, will be.
2/ That’s why I’ve never cared about Ethereum. I’ve never cared about the fork-coins of Bitcoin. They can be changed, and therefore they will be. Now or in the future. The fork that created ETH was all the proof needed to see that this was true.
Oct 8, 2019 • 17 tweets • 6 min read
1/ The gap between the "rich" and the 'non-rich' has nothing to do with taxes and everything to do with monetary policy. This is critical to understand, especially with presidential candidates calling for socialist policies in the U.S. #bitcoin2/ In the past 10 yrs the Fed has flooded the market with dollars. The amount of US dollars in circulation has doubled in the past decade. DOUBLED.
Jun 23, 2018 • 9 tweets • 3 min read
1/ I understand the pain from #bitcoin's drop in price but the only relevant question is “Has anything changed with my initial investment thesis?"
2/ If the thesis that justified your investment in #bitcoin is still valid, then logic dictates HODL or increase your position.
Jan 10, 2018 • 4 tweets • 1 min read
1/ Don't conflate sound money and currency. The former is extremely rare and very valuable. The latter is common, easily-created and not very valuable.
2/ The biggest competitive advantage investing in the "crypto" market is a deep historical knowledge of the evolution of "money" and a fundamental understanding of what it is.
