Brunswick on Nostr: I had a very productive meeting with a friend last night. We discussed Trump at the ...
I had a very productive meeting with a friend last night. We discussed Trump at the bitcoin conference, Lumis, all of the "bitcoiners" around Trump, the sudden about face of Jamie Diamon on bitcoin and the "defection" of Kennedy.
Why is Trump committed to making energy so abundant? It all points to one thing.
Trump was chosen by the deep state to squash bitcoin. He is pacing and leading on the topic and when he is selected into office he will make many announcements that bitcoiners will get very excited about. Legislation and executive orders will be passed, but they all are designed to poison the well.
* Free energy is bad for bitcoin.
* Controlling semiconductor fabs by bringing them into the US, is bad for bitcoin.
* Incriminating stablesats (something Strike does) is bad for bitcoin.
What do I mean by bad for bitcoin? I mean it slows adoption. Price action, even if you see as irrelevent, is a major orange-pilling force.
The price of bitcoin during this and past epochs is closely tied to its cost of production. At least part the cost of production is set by the average cost of electricity to produce blocks. Ultimately, the base price of bitcoin is calculable by the amount of profitable mining equipment, operational expenses, the current hashpower and the average cost of mining pool energy. Make electricity 1/10th the cost and the cost of fresh bitcoins at least gets cut in half. Hashpower and difficulty is not determined by the price of electricity, but by the trading price of bitcoin and the semiconductor fab bottleneck. The amount of energy expended per block is determined by the amount of profitable equipment is in existence. Therefore free energy is bad for bitcoin.
Incriminating stablesats is bad for bitcoin adoption, and goos for the dollar. Stablesats enables the bitcoin network to piggyback on the unit of account in existing jurisdictions. This means you can send and recieve bitcoin over the lightning network with a stablesats partner with instant settlement and no counterparty risk AND without needing to track your buy and sale price of bitcoin. No capital gains taxation involved. This makes stablecoins, which are backed by fiat, obsolete. As you should already know, stablecoins are partnered with central banks and the treasury of the state. They are merely another parallel central bank. Stablesats breaks central banking because a stablesat bitcoin lightning channel or stablenut mint is backed only by bitcoin and adjusts purely on market oracles. No dollars or government issued treasuries are involved.
In summary; When Trump stood in front of the shitcoin conference (evidenced by the croud cheering at firing Gensler) and the repeated "bitcoin and crypto" phrase, then he closed by telling us to "have fun playing with your bitcoin and crypto"; he revealed his intent. He is pacing and leading because he wants to lead the bitcoin movement. Why? In order to control it. He wants to control it because Bitcoin is bad for the government, it takes power away from it. Trump knows the fiat dollar is the US government's greatest source of strength both abroad and domestically. Trump has said he "likes the dollar" when asked about bitcoin. Trump is now surrounding himself with bitcoiners, and creating bitcoiners-in-name-only like Diamon.
Can Trump be trusted to force power from hands of congress, the deep state, intelligence and surveillance agencies and the military industrial complex? Are you delusional? The "Art lf the deal" guy, the one who coined the phrase "you can only negotiate from a position of strength" is going to lay down arms? I think not.
God Bless
Why is Trump committed to making energy so abundant? It all points to one thing.
Trump was chosen by the deep state to squash bitcoin. He is pacing and leading on the topic and when he is selected into office he will make many announcements that bitcoiners will get very excited about. Legislation and executive orders will be passed, but they all are designed to poison the well.
* Free energy is bad for bitcoin.
* Controlling semiconductor fabs by bringing them into the US, is bad for bitcoin.
* Incriminating stablesats (something Strike does) is bad for bitcoin.
What do I mean by bad for bitcoin? I mean it slows adoption. Price action, even if you see as irrelevent, is a major orange-pilling force.
The price of bitcoin during this and past epochs is closely tied to its cost of production. At least part the cost of production is set by the average cost of electricity to produce blocks. Ultimately, the base price of bitcoin is calculable by the amount of profitable mining equipment, operational expenses, the current hashpower and the average cost of mining pool energy. Make electricity 1/10th the cost and the cost of fresh bitcoins at least gets cut in half. Hashpower and difficulty is not determined by the price of electricity, but by the trading price of bitcoin and the semiconductor fab bottleneck. The amount of energy expended per block is determined by the amount of profitable equipment is in existence. Therefore free energy is bad for bitcoin.
Incriminating stablesats is bad for bitcoin adoption, and goos for the dollar. Stablesats enables the bitcoin network to piggyback on the unit of account in existing jurisdictions. This means you can send and recieve bitcoin over the lightning network with a stablesats partner with instant settlement and no counterparty risk AND without needing to track your buy and sale price of bitcoin. No capital gains taxation involved. This makes stablecoins, which are backed by fiat, obsolete. As you should already know, stablecoins are partnered with central banks and the treasury of the state. They are merely another parallel central bank. Stablesats breaks central banking because a stablesat bitcoin lightning channel or stablenut mint is backed only by bitcoin and adjusts purely on market oracles. No dollars or government issued treasuries are involved.
In summary; When Trump stood in front of the shitcoin conference (evidenced by the croud cheering at firing Gensler) and the repeated "bitcoin and crypto" phrase, then he closed by telling us to "have fun playing with your bitcoin and crypto"; he revealed his intent. He is pacing and leading because he wants to lead the bitcoin movement. Why? In order to control it. He wants to control it because Bitcoin is bad for the government, it takes power away from it. Trump knows the fiat dollar is the US government's greatest source of strength both abroad and domestically. Trump has said he "likes the dollar" when asked about bitcoin. Trump is now surrounding himself with bitcoiners, and creating bitcoiners-in-name-only like Diamon.
Can Trump be trusted to force power from hands of congress, the deep state, intelligence and surveillance agencies and the military industrial complex? Are you delusional? The "Art lf the deal" guy, the one who coined the phrase "you can only negotiate from a position of strength" is going to lay down arms? I think not.
God Bless