If American still holds all the gold, we will not be selling it and turning it into digital coins.
It’s also wild to look at “gold will destroy the Fed” and think gold means BTC; gold had to be killed to create the FED.
I understand why the guy with 2% or something wants literally every monetary asset class to be emptied into it, but it’s a no for me dawg.
That's not what he's saying though. He's not advocating for everybody to buy BTC, he is predicting the total dematerialization of everything into an immutable ledger where things are no longer tokenized and tethered to real-world physical objects. Just like, in a different tweet I found, think of your music collection. It's no longer CDs. Just about every song you can think about listening to is available on Spotify or iTunes or whatever. He's not saying that gold will go away, he say that the physicality of everything, literally everything, is going away
Just like, very soon here nobody will own a physical car, they will just order whatever car is nearest and nearby on an app, and pay for the transportation they use, why would you even have a garage, anymore? By the same token, haha, no pun intended, he is asking, well, why would you own physical gold, when digital gold exists and basically represents the exact same thing?
Morning Bitcoin is not owning nothing. Just like with your Spotify music list, think of the audiobooks you have bought, do you own the book? No it's not physical. But that's the only thing. Nothing is preventing you from having the book and enjoying it. The same works with Bitcoin. Most people don't understand what makes Bitcoin valuable.
The way I see it, unless I have it in my hand, like a cd as you put it, how else am I supposed to know I'll actually own it and always have access to it? Just cause you pay for something online, which comes down to acquiring a license to use it, does not mean you own it. The physical will always beat the digital to me. Every time.
Digital gold is already in place today and for quite awhile but it just so happens that for every oz there are at least a 100 claims on it as it has been rehypothecated many times over. So what is the price when that get's unlinked? Where you can't redeem your gold from your digital certificate?
Jerome Powell said bitcoin is like gold but they are not much alike. Gold is not backed by anything - it's value is backed by it's atomic structure. Bitcoin is backed by Tether, which is partially backed by US debt.
This guy gets it. If you can’t hold it and feel its weight in your hand, you don’t own it.
Even if it’s on a block chain ledger and supposedly secure you have to take someone else’s word for it. You will have to trust someone else’s IT knowledge to confirm the ledger is true and secure. You will be removed from the physical management of your own wealth.
It is Satan’s way. Nothing authentic. Nothing real. All deception. Everything fake. You will own nothing but computer bit representations of what used to be real and have no choice about it.
What happens when you step out of line from the controllers of the ledger? Poof! Your fake wealth disappears. Moreover your account or transaction authorization disappears and you can no longer buy or sell. The end has been told from the beginning. Take heed.
Another concern of mine is the high transactions fees and it will only escalate further to maintain the public ledger. In order to address this it would need to change into something different.
Not different, but the value must skyrocket in order for mining to continue to be profitable. Bitcoin isn't a technology, it is an incentive structure until technological form. Bitcoin is a deflationary currency, it is designed by restricting its supply to an immutable number of 21 million to appreciate in value as the demand for ownership of Bitcoin increases.
Do not fixate on Bitcoin's limited transactional capabilities. It can only handle seven transactions per second. That's because the second layer transactions that settle daily or even weekly or developing, layers such as lightning (an l2 settlement structure)
This is absolutely 100% not true. You not do not need to physically own a Bitcoin. It can be still dematerialized and still have the same value or even more than a equivalent amount of gold.
IMO too many anons have been dense over Bitcoin, the very ones who should have known there would be a financial aspect to all this and who needed to benefit from it. You don't turn gold into BTC! It doesn't seem like you have researched it and you should. I've put some links below/separately.
Didn’t DARPA have a hand in creating Bitcoin? What’s the diff between the creators of fiat dollars and the creators of BTC? The Rothschild’s at least got fiat to be recognized as legal tender. What can you buy with a bit coin? A pre-owned car? The used car dealership would still have to make change for your 1 coin, since 1 coin is worth roughly $100,000.00 USD. A little problematic, if it’s not recognized as legal tender. Ya got an outstanding ledger though, kind of a ponzi scheme as…BTC is what, exactly? But a great ledger, nonetheless.
Physical gold is for when shit gets fucked up. Historically, it's internationally accepted as a form of currency. It can be used when there's no electricity and no access to btc/crypto. I see no issue with looking at crypto as a place to invest but what good is it when you can't access it?
I have been following this for days and days and days, and, this tweet here was an epiphany. By way of background, however, I arrived at this tweet through the following connect the dots path. Have a look, and tell me what you guys think:
Bit confused with Sean Clark's explanation on how everything pushes the value up. This is only true until a nation state which can print money to infinity, naked shorts BTC. It wouldn't take much. Someone willing to put a couple hundred billion at risk (say a nation state) could collapse the Bitcoin market, thus pushing $MSTR into liquidation, further collapsing the market. We've seen 90% collapses in Bitcoin before. They're not even unusual. Investors would recognize the pattern and jump on board with the dump.
I guess, if people play fair and properly hedge everything, then maybe there could be some merit to his statement. But right now, I'm not sure I agree that everything works as he has outlined. People with big money could still tank this and cause chaos. And I think that plays more into investor reflexivity than Sean Clark admits.
I can see that you are participating honestly and sincerely, but, there are some absolutely spectacular misconceptions about Bitcoin and how it works in your reply here.
.There’s no way a nation-state could "naked short" Bitcoin with hundreds of billions. To be able to do that you must control the underlying market, but this is not possible in the Bitcoin ecosystem. Bitcoin’s liquidity It's currently severely limited, and all purchases must take possession of the actual Bitcoin. A transfer must take place. The naked shares cannot simply disappear. And with a $1.9 trillion market cap, trying to short at that scale, in a market with price discovery measured it in minutes instead of days or weeks like gold, such a transaction would spike the price instead of crashing it. Markets don’t work like that—printing infinite money doesn’t mean That there will be Bitcoin out of thin air to buy
Sure, Bitcoin has seen staggering 90% corrections, but those were organic market events, not deliberate manipulation. Reflexivity cuts both ways: panic selling can drop prices, but massive shorting could just as easily trigger a rally. Attempting something like this would probably lead to the short positions getting liquidated, creating a feedback loop that pushes prices even higher.
Bitcoin’s decentralized nature and fixed supply make it hard to manipulate at scale. While there’s always risk in any market, the idea that a nation-state could single-handedly "tank" Bitcoin like this doesn’t hold water.
All of the modern ETF's include provisions for paper in lieu of Bitcoin at a small premium until such time as they can be settle onchain. Ostensibly, this is to allow them to sell BTC-ETF shares and then go find coins on the OTC markets (thus not moving the price), which can often take several days. However, this provision can absolutely be abused. Some ETFs also loan out their Bitcoin to other marketplaces in order to leverage their assets. It is definitely possible in the modern marketplace to do a naked short as long as you have sufficient capital.
I don't think it would be as hard to manipulate as you imply. There simply hasn't yet been such an existential threat to the existing order that would make such manipulation attractive.
Anyway, I stand by my skepticism that many investors aren't considering what I wrote above as plausible, and thus I'm not sure the reflexivity is as serious as was implied.
Sure, that's cool. I'm absolutely not denying that you have a good point. You are absolutely right that in commodity markets like gold and silver, naked short selling involves selling contracts for commodities that the seller neither owns nor intends to borrow, leading to an excess of "paper" claims over the actual physical supply. This practice can artificially suppress prices and create market distortions. Similarly, Bitcoin futures-based ETFs, such as the ProShares Bitcoin Strategy ETF (BITO), hold futures contracts rather than actual Bitcoin. This setup can result in discrepancies between the ETF's performance and Bitcoin's spot price, especially during market conditions like contango, where futures prices are higher than the expected spot price at maturity.
My point revolved mainly around BlackRock's iShares Bitcoin Trust, (IBIT) which is structured as a spot Bitcoin ETF, meaning it holds actual Bitcoin to mirror the cryptocurrency's market price. The fund's assets consist primarily of Bitcoin held by a custodian on behalf of the Trust.
Let's hope we see more spot ETFs entering the market, and that this doesn't explode into a unregulated hellhole.
Every anon should at least research BTC. Every anon should buy at least a little. The fact that the ds govts are trying to make it hard for ordinary people to pwn it should be at least one red flag, coz they sure do buy it. When Q says gold will sink the fed, I believe it means a triad of gold - the rock, oil (liquid gold) and BTC (digital gold). Anons are the very ones who need to understand it more than they do.
Some vid links to make it easier for ya, but also look up Bitcoin for Dummies or Bitcoin in 5 minutes if you really don't understand it.
Do you suppose that Q reflects the fact that Trump ended the “THE” when Trump moved the fed under the Treasury Department? Kinda cut the strings of the puppet master money changers, did he not?
I know this world is headed for a digital currency but just be forewarned, when it is all digital, the State can block all your funds so you cannot buy anything. At least with a few dollars in your pocket you can buy a bottle of booze!
That is exactly why this won’t happen. New technology hasn’t the need to totally replace the old but rather they can coexist. Think horses and cars to PCs and filing cabinets.
"Shiny rock" LMAO! So true. All metal hoarders need to use some critical thinking skills here and get on the Bitcoin train before it leaves the station. The past or the future? The blue pill or the red pill?
Lets see:
Monero is more private.
Ethereum does the programable money paradigm better.
Bitcoin Cash allows more transactions through per 10 minutes.
There is not a single intrinsic factor that Bitcoin does better than pretty much any other major crypto, asides from arbitrary "firstness", which is a god awful metric for best going forward.
If American still holds all the gold, we will not be selling it and turning it into digital coins. It’s also wild to look at “gold will destroy the Fed” and think gold means BTC; gold had to be killed to create the FED. I understand why the guy with 2% or something wants literally every monetary asset class to be emptied into it, but it’s a no for me dawg.
That's not what he's saying though. He's not advocating for everybody to buy BTC, he is predicting the total dematerialization of everything into an immutable ledger where things are no longer tokenized and tethered to real-world physical objects. Just like, in a different tweet I found, think of your music collection. It's no longer CDs. Just about every song you can think about listening to is available on Spotify or iTunes or whatever. He's not saying that gold will go away, he say that the physicality of everything, literally everything, is going away
Just like, very soon here nobody will own a physical car, they will just order whatever car is nearest and nearby on an app, and pay for the transportation they use, why would you even have a garage, anymore? By the same token, haha, no pun intended, he is asking, well, why would you own physical gold, when digital gold exists and basically represents the exact same thing?
So, you'll own nothing and be happy?
Morning Bitcoin is not owning nothing. Just like with your Spotify music list, think of the audiobooks you have bought, do you own the book? No it's not physical. But that's the only thing. Nothing is preventing you from having the book and enjoying it. The same works with Bitcoin. Most people don't understand what makes Bitcoin valuable.
The way I see it, unless I have it in my hand, like a cd as you put it, how else am I supposed to know I'll actually own it and always have access to it? Just cause you pay for something online, which comes down to acquiring a license to use it, does not mean you own it. The physical will always beat the digital to me. Every time.
Digital gold is already in place today and for quite awhile but it just so happens that for every oz there are at least a 100 claims on it as it has been rehypothecated many times over. So what is the price when that get's unlinked? Where you can't redeem your gold from your digital certificate?
Jerome Powell said bitcoin is like gold but they are not much alike. Gold is not backed by anything - it's value is backed by it's atomic structure. Bitcoin is backed by Tether, which is partially backed by US debt.
This guy gets it. If you can’t hold it and feel its weight in your hand, you don’t own it.
Even if it’s on a block chain ledger and supposedly secure you have to take someone else’s word for it. You will have to trust someone else’s IT knowledge to confirm the ledger is true and secure. You will be removed from the physical management of your own wealth.
It is Satan’s way. Nothing authentic. Nothing real. All deception. Everything fake. You will own nothing but computer bit representations of what used to be real and have no choice about it.
What happens when you step out of line from the controllers of the ledger? Poof! Your fake wealth disappears. Moreover your account or transaction authorization disappears and you can no longer buy or sell. The end has been told from the beginning. Take heed.
Another concern of mine is the high transactions fees and it will only escalate further to maintain the public ledger. In order to address this it would need to change into something different.
That’s a legitimate concern. The Lightning Network illustrates your point wonderfully.
Not different, but the value must skyrocket in order for mining to continue to be profitable. Bitcoin isn't a technology, it is an incentive structure until technological form. Bitcoin is a deflationary currency, it is designed by restricting its supply to an immutable number of 21 million to appreciate in value as the demand for ownership of Bitcoin increases.
Do not fixate on Bitcoin's limited transactional capabilities. It can only handle seven transactions per second. That's because the second layer transactions that settle daily or even weekly or developing, layers such as lightning (an l2 settlement structure)
This is absolutely 100% not true. You not do not need to physically own a Bitcoin. It can be still dematerialized and still have the same value or even more than a equivalent amount of gold.
Whoosh!
I don't like sharing my stuff with people who break it. lol I'll still buy my own things and not eat bugs.
IMO too many anons have been dense over Bitcoin, the very ones who should have known there would be a financial aspect to all this and who needed to benefit from it. You don't turn gold into BTC! It doesn't seem like you have researched it and you should. I've put some links below/separately.
Didn’t DARPA have a hand in creating Bitcoin? What’s the diff between the creators of fiat dollars and the creators of BTC? The Rothschild’s at least got fiat to be recognized as legal tender. What can you buy with a bit coin? A pre-owned car? The used car dealership would still have to make change for your 1 coin, since 1 coin is worth roughly $100,000.00 USD. A little problematic, if it’s not recognized as legal tender. Ya got an outstanding ledger though, kind of a ponzi scheme as…BTC is what, exactly? But a great ledger, nonetheless.
Physical gold is for when shit gets fucked up. Historically, it's internationally accepted as a form of currency. It can be used when there's no electricity and no access to btc/crypto. I see no issue with looking at crypto as a place to invest but what good is it when you can't access it?
I have been following this for days and days and days, and, this tweet here was an epiphany. By way of background, however, I arrived at this tweet through the following connect the dots path. Have a look, and tell me what you guys think:
https://x.com/ChrisMMillas/status/1864985881012027465
https://x.com/BritishHodl/status/1865435718748639298
Bit confused with Sean Clark's explanation on how everything pushes the value up. This is only true until a nation state which can print money to infinity, naked shorts BTC. It wouldn't take much. Someone willing to put a couple hundred billion at risk (say a nation state) could collapse the Bitcoin market, thus pushing $MSTR into liquidation, further collapsing the market. We've seen 90% collapses in Bitcoin before. They're not even unusual. Investors would recognize the pattern and jump on board with the dump.
I guess, if people play fair and properly hedge everything, then maybe there could be some merit to his statement. But right now, I'm not sure I agree that everything works as he has outlined. People with big money could still tank this and cause chaos. And I think that plays more into investor reflexivity than Sean Clark admits.
I can see that you are participating honestly and sincerely, but, there are some absolutely spectacular misconceptions about Bitcoin and how it works in your reply here.
.There’s no way a nation-state could "naked short" Bitcoin with hundreds of billions. To be able to do that you must control the underlying market, but this is not possible in the Bitcoin ecosystem. Bitcoin’s liquidity It's currently severely limited, and all purchases must take possession of the actual Bitcoin. A transfer must take place. The naked shares cannot simply disappear. And with a $1.9 trillion market cap, trying to short at that scale, in a market with price discovery measured it in minutes instead of days or weeks like gold, such a transaction would spike the price instead of crashing it. Markets don’t work like that—printing infinite money doesn’t mean That there will be Bitcoin out of thin air to buy
Sure, Bitcoin has seen staggering 90% corrections, but those were organic market events, not deliberate manipulation. Reflexivity cuts both ways: panic selling can drop prices, but massive shorting could just as easily trigger a rally. Attempting something like this would probably lead to the short positions getting liquidated, creating a feedback loop that pushes prices even higher.
Bitcoin’s decentralized nature and fixed supply make it hard to manipulate at scale. While there’s always risk in any market, the idea that a nation-state could single-handedly "tank" Bitcoin like this doesn’t hold water.
All of the modern ETF's include provisions for paper in lieu of Bitcoin at a small premium until such time as they can be settle onchain. Ostensibly, this is to allow them to sell BTC-ETF shares and then go find coins on the OTC markets (thus not moving the price), which can often take several days. However, this provision can absolutely be abused. Some ETFs also loan out their Bitcoin to other marketplaces in order to leverage their assets. It is definitely possible in the modern marketplace to do a naked short as long as you have sufficient capital.
I don't think it would be as hard to manipulate as you imply. There simply hasn't yet been such an existential threat to the existing order that would make such manipulation attractive.
Anyway, I stand by my skepticism that many investors aren't considering what I wrote above as plausible, and thus I'm not sure the reflexivity is as serious as was implied.
Sure, that's cool. I'm absolutely not denying that you have a good point. You are absolutely right that in commodity markets like gold and silver, naked short selling involves selling contracts for commodities that the seller neither owns nor intends to borrow, leading to an excess of "paper" claims over the actual physical supply. This practice can artificially suppress prices and create market distortions. Similarly, Bitcoin futures-based ETFs, such as the ProShares Bitcoin Strategy ETF (BITO), hold futures contracts rather than actual Bitcoin. This setup can result in discrepancies between the ETF's performance and Bitcoin's spot price, especially during market conditions like contango, where futures prices are higher than the expected spot price at maturity.
My point revolved mainly around BlackRock's iShares Bitcoin Trust, (IBIT) which is structured as a spot Bitcoin ETF, meaning it holds actual Bitcoin to mirror the cryptocurrency's market price. The fund's assets consist primarily of Bitcoin held by a custodian on behalf of the Trust.
Let's hope we see more spot ETFs entering the market, and that this doesn't explode into a unregulated hellhole.
I saw a post on X that the word crypto’s root word is crypt.
Rocks are for the stone age.
Rocks are for the stone age but you don't see people calling for the abolition of concrete.
Every anon should at least research BTC. Every anon should buy at least a little. The fact that the ds govts are trying to make it hard for ordinary people to pwn it should be at least one red flag, coz they sure do buy it. When Q says gold will sink the fed, I believe it means a triad of gold - the rock, oil (liquid gold) and BTC (digital gold). Anons are the very ones who need to understand it more than they do.
Some vid links to make it easier for ya, but also look up Bitcoin for Dummies or Bitcoin in 5 minutes if you really don't understand it.
God Bless Bitcoin (90 min documentary) https://www.youtube.com/watch?v=b4xuRZYLpgk
Saylor @ BTCPrague 2022 - https://www.youtube.com/watch?v=8Mhu6dxj7qk&t=65s
Michael Saylor Keynote Speech @ The 2022 Atlas Society Gala - https://www.youtube.com/watch?v=ZcjFrIMw2sI
Bitcoin University - (channel full of info) https://www.youtube.com/watch?v=6pNgWuQDe5s
Saylor on PBD - https://www.youtube.com/watch?v=T34AYoCUA4w&t=10s
https://qalerts.app/?q=Destroy+FeD. The post doesn’t contain the word the. Is it fair we insert it?
Do you suppose that Q reflects the fact that Trump ended the “THE” when Trump moved the fed under the Treasury Department? Kinda cut the strings of the puppet master money changers, did he not?
Yes. There was discussion here that FED was an acronym and only Q can define what was meant.
I know this world is headed for a digital currency but just be forewarned, when it is all digital, the State can block all your funds so you cannot buy anything. At least with a few dollars in your pocket you can buy a bottle of booze!
That is exactly why this won’t happen. New technology hasn’t the need to totally replace the old but rather they can coexist. Think horses and cars to PCs and filing cabinets.
Keke, someone down voted your for that! People are so sensitive! Keke
Could be one of my fans. And many do struggle with logic or truth. I doubt I’ll ever have the detractors the P80 has.
A sucker is born every minute... Appeal to people's greed is rule #1 of the Con Man's Bible
Boot the Fed, with the Fed Deficit. Done. Bye Bye.
"Shiny rock" LMAO! So true. All metal hoarders need to use some critical thinking skills here and get on the Bitcoin train before it leaves the station. The past or the future? The blue pill or the red pill?
Lets see: Monero is more private. Ethereum does the programable money paradigm better. Bitcoin Cash allows more transactions through per 10 minutes.
There is not a single intrinsic factor that Bitcoin does better than pretty much any other major crypto, asides from arbitrary "firstness", which is a god awful metric for best going forward.
There many alt coins that quicken transaction times dramatically. I’m certain technology will adjust to meet future needs.