ECP NetHappenings Bitcoin is the Next World Reserve Capital!

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FIX THE MONEY FIX THE WORLD

Bitcoin is the Next World Reserve Capital!

21 Rules of Bitcoin
First Principle truths care nothing for our morality, our systems, our policies or our ideals. Those truths can’t be buffered by compassion.
In that first principles are the final arbiter of truth, they are binary – you either accept them or create your own culture to avoid them.
When societies seek to live beyond the realm of First Principles they become prey for those who do not.

Saylor Go against conventional wisdom.
Adopt an “exploitative” strategy that no one understands.
https://www.youtube.com/watch?v=dLyanjkWY98

Bitcoin Explained by Michael Saylor

MORE
https://youtube.com/shorts/QXgyXPG7gCA?si=D6Ro3oCwGgypu4b8
It is Digital Capital
https://www.youtube.com/shorts/QXgyXPG7gCA
Hold for 4 years or 10 years
https://youtube.com/shorts/ykjhkLcrVgU?si=dxmqwwANt3iFT41f
Long Term Capital
https://youtube.com/shorts/kZqJc6dGD1U?si=0h0QpyVL0iuuMoeO
Strategic Bitcoin Reserve
https://youtube.com/shorts/3_5Yl4xRwAw?si=hrLdH8tjyY2CaZ2s

Michael Saylor 21 Rules of ₿itcoin

1. Those who understand buy Bitcoin.
2. Those who don’t, criticize Bitcoin.
3. Everyone is against Bitcoin before they are for it.
4. You will never be done learning about Bitcoin.
5. Bitcoin is powered by chaos.
6. Bitcoin is the only game in the casino that we can all win.
7. Bitcoin is the one thing in the universe that you can truly own.
8. Everyone gets Bitcoin at the price they deserve.
9. Only buy Bitcoin with the money you can’t afford to lose.
10. Tickets to escape the matrix are priced in Bitcoin.
11. Bitcoin insight is restricted to those with a need to know.
12. All your models will be destroyed.
13. The cure to economic ill is the orange pill.
14. Be for Bitcoin, not against Fiat.
15. Bitcoin is for everyone.
16. Learn to think in Bitcoin.
17. You don’t change Bitcoin, it changes you.
18. Laser eyes protect you from endless lies.
19. Respect Bitcoin, or it will make a clown out of you.
20. You do not sell your Bitcoin.
21. Spread Bitcoin with love.

@BitcoinErrorLog 21 Realities of Bitcoin
My list is realities not rules.
Amazon is a company that provides products and services.
Bitcoin is a P2P network maintained independently by everyone involved.
Bitcoin does not sell anything, so it is not an investment. Owning it for price appreciation is pure speculation.

1. The great majority of people do not understand Bitcoin, including owners of it… but everyone understands wanting to get rich.
2. The best critics of Bitcoin are its own experts.
3. Criticizing Bitcoin does not mean you are “against” it. Bitcoin is not a team, and not everyone needs to care about your passions.
4. Most Bitcoin books suck, most podcaster education sucks. Learn about how Bitcoin works, how networks work, and ignore all the bullshit predictions about the future.
5. Bitcoin is powered by consuming electricity, and it certainly is not a battery.
6. The future is unpredictable and Bitcoin offers no guarantee of liquidity when you need it, at the price you prefer.
7. You can own anything you can physically defend or destroy without consequence from others. In Bitcoin, you own keys alone, everything else is uncertain.
8. Bitcoin’s gains are diminishing over time, benefiting early adopters more than newer ones, similar to a ponzi scheme without a leader. It is easier for rich people to get richer from Bitcoin, than for poor people to.
9. Saving requires a goal of saving for a special outcome, otherwise you are just hoarding, which is irrational. Do not speculate with money that you might need for more important things.
10. There is no matrix, and no escape.
11. Bitcoin insight requires listening to the right people by discerning insight from bullshit pumper talk.
12. Good models represent reality, not define it. Almost no one has attempted to earnestly model Bitcoin, whether through economics, game theory, etc.
13. The cure to economic ill is to produce more things people want and less things people don’t want.
14. Being for Bitcoin is automatically an offense to government fiat, as all fiats compete for distribution with other monies and credits.
15. Bitcoin is for anyone, not everyone, because it does not scale by design.
16. Learn to think and be skeptical of Bitcoin evangelists. Bitcoin is for censorship resistance.
17. Bitcoin is too easy to change because users accept Bitcoin Core governance over the code and do not understand anything that happens in that level.
18. Laser eyes failed the first time and a lot of people got rekt.
19. Don’t act like a clown ponzi salesman. The people that can tell will not respect you, or Bitcoin.
20. Do whatever the fuck you want with your Bitcoin, that is what it is for. Spending is literally the only thing you can do with it anyway!
21. Be careful evangelizing Bitcoin. Humans are prone to gambling and emotional about money. Your advice could be misinterpreted and lives can be ruined if people have bad timing or are impulsive.

Thank God you weren’t the one that wrote the 12 days of Christmas.
“ChatGPT, rewrite Saylor’s list of rules with 3x the words and 100x the sanctimony. Add some nuanced, black pill distinctions from the original so I sound smart.”

CRYPTO – everyone is trying to rug retail

SEC Commissioner Hester Peirce stated in an interview with Bloomberg that the SEC may not have jurisdiction over many of the memecoins flooding the crypto market. Peirce noted that while each case should be assessed based on its specific circumstances, the majority of memecoins likely do not fall under the SEC’s jurisdiction, unless Congress or the CFTC decides to intervene. https://www.bloomberg.com/news/videos/2025-02-11/we-have-a-wonderful-workforce-at-sec-peirce-video

New SEC commissioner basically just said FAFO “F**k Around and Find Out.” if you want to buy memecoins lol. Actually insane. Funny this probably has the opposite effect, if rugs are effectively legal then it commodities the behavior and there’s no reg arb value for token creators.

CZ responded on Twitter to the community suggestion of creating a memecoin based on his pet dog, stating that it was an interesting idea. He mentioned that, as usual for big decisions, he would take a day or two to consider whether to respect the dog’s privacy or reveal its information for the sake of creating a meme. He also noted that he might interact with some memes on BNB Chain.

Montreal entrepreneur Firoz Patel, subject of ICIJ’s #PandoraPapers, is set to spend an additional three and a half years in a U.S. prison for hiding tens of millions of dollars worth of bitcoin in an undeclared account following an earlier conviction.
https://www.icij.org/investigations/pandora-papers/canadian-businessman-sentenced-to-u-s-prison-for-concealing-bitcoin-stash/

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ECP NetHappenings Newsletter You’ve been Printing Money


How to Manage Risk. Why We Bitcoin
Optimizing for proximity to the money printer and it’s consequences.

US PURCHASING POWER IN 1950 TILL 2023THE DOLLAR PURCHASING POWER
NOW WORTH $0.09

WHY WE BITCOIN

The #USD has lost approximately 95-98% of its purchasing power since the creation of the Federal Reserve Bank in 1913.

#Bitcoin fixes this with its fixed supply.
This is why your house costs more not cause your house is worth more IT ISN’T WORTH MORE but your DOLLAR is worth less

Do you get it yet? Fix the money Fix the World
A history of the top marginal tax rates on the wealthiest Americans.

  • If you are forced to work for money that you didn’t choose, that money is not yours.
  • If you must get permission to use and/or withdraw your money, it’s not really yours.
  • If you can’t leave your own country with your own money, it’s not yours.

“Bitcoin is our antidote to this deep and persistent rot.
Bitcoin fixes gatekeeping because these organizations can’t last in a free market with a broken gatekeeper. Bitcoin destroys the credibility of fiat money and the political gatekeeping that comes with it.”

A LIGHTENING NETWORK IS BACKED BY BITCOIN
8 BILLION CAN DOWNLOAD AND RUN IT ON THE PHONE RIGHT NOW.
What have the banks been doing?
Can Banks’ Relationship With FIS, Fiserv, And Jack Henry Be Fixed?
There was No incentive to upgrade their technology
Banks didn’t buy that software, they can’t compete with Bitcoin.
They sell confiscated Bitcoin fairly regularly through GSA auctions, so this really shouldn’t be news except that it’s related to Silk Road.

All you have to do is transfer a little of the master’s money to the new and better money that is not controlled or debased by anyone. In this way, you’ll be buying back your freedom, week by week, transfer by transfer, purchase by purchase. #Bitcoin today!

Bitcoin will save your life.
In Lebanon, people are mining Bitcoin to try and accumulate any money that can’t be seized by the banks or government.

#Bitcoin fixes all of this.

Your “money” comes from hard work.
They create it from thin air.
#Bitcoin fixes this.

Human Rights
Property Rights
Natural Law Philosophy

https://twitter.com/TheBitcoinConf/status/1678784150407458819

HOW TO MANAGE RISK
You Can Take This Bitcoin Prediction To The Bank – Greg Foss

Gensler is a Risk for Our National Security

Bankers

Organized Crime and Corruption Reporting Project @OCCRP

TOMORROW: Tuesday, July 18 1:00 p.m. EDT Our publisher, @DrewOCCRP, will testify at a @HelsinkiComm hearing about Switzerland’s key role in laundering Russian money and facilitating sanctions evasion.
WATCH THE LIVE STREAM HERE
https://www.youtube.com/watch?v=dxX98XQmGvQ

 

Optimizing for proximity to the money printer and it’s consequences. #Bitcoin fixes this.
The most decorated international math Olympiad of all time. What is he doing? Building rockets? Inventing new fertilizers? AI? You already know the answer is optimizing speculative trading algorithms by 3%. Ladies and Gentleman, welcome to Capital Misallocation
Next time you think about trading stocks, think about your competition. The most decorated international math olympiad participant of all time is that competition. https://en.wikipedia.org/wiki/Zhuo_Qun_Song
The real secret to beating the market is trading on insider information and not pissing off anyone to get yourself thrown in jail. For that, social skills are far more important than math skills.