0/Why HODL?

Bitcoin is a proxy for the struggle for human dignity. It is a peaceful revolution seeking to displace the anomaly of false monies. The world stands at the cusp of social and political upheaval. Though many look to politics, money’s fate will determine our future.

1/HODLers voluntarily participate in the reformation of money. This is a multi-generational effort to secure & ensure a future sans fiat. HODL forms the basis of a simple ideological framework entirely forward looking. It abandons past constructs & releases one from the present.
2/HODLers sacrifice present needs for future rewards. Not just monetary riches, but the gift of an economy free of fiat’s false prosperity. Bitcoin succeeds where fiat fails. Savings is rejoiced, opportunity is available for all.
3/Our civilization is engaged in an epic conflict this time centered around money. Greater than any physical battle in history, fiat’s war on the public seeks deep authoritarian control over every aspect of life. You will work, live, love at their mercy, upon their whims.
4/Historically conflict existed at physical borders between tribes and nations. Members forged ideological bonds allowing them to selflessly coordinate, overcome threats and establish regional security.
5/Distant corners of the fallen Roman Empire had to contend with its old enemies. These disparate regions formed not only military alliances but religious, cultural and ideological cooperatives. An emergent social framework fostered a common goal: survive.
6/The USD is our Roman Empire and despite reassurances, rest assured, we already live in its waning shadow. This time the war for global dominance has moved to the digital realm. Central banks are armed and will deploy their assets to great effect.
7/The old guard assaults Bitcoin with circular logic arguments, recycled FUD, and a host of regulations. They brand Bitcoin as corruption, waste and disaster. Their discourse dovetails into a larger cultural movement of behavior and thought control.
8/It is a well funded effort to stitch the remains of a broken system back together. By any means necessary, the end game, a global socialist regime with total control over your livelihood. No accountability, just trust in a monolithic political body surveilling your every move.
9/HODLers respond with logic and memes. They share knowledge across podcasts, craft beautiful essays, publish thoughtful books and tirelessly engage a growing army of rabid fiat foot soldiers. They posit a covenant of peace and prosperity.
10/HODLers are armed with math, science, philosophy and deliberate across nearly every discipline. They debunk commonly held beliefs engrained by the fiat education complex. They warn against inflation, debt and the great unseen theft of human time.
11/HODLers sharpen their wares, self-reflect & seek deeper understanding of Bitcoin’s limitless capacity. They sojourn through the longest winters for a distant promise. Many alone, many lost but an assemblage of the resilient will survive and thrive.
12/The HODL mantra is not just a meme but the spearhead and the shield against what will be an ongoing struggle between fiat and sound money. HODLers man the front and like freedom seeking forebearers of antiquity come from all walks of life joined under a single banner.
13/It is a simple but profound call to duty forging a virtual community from across the planet bent on undoing 100+ years of central bank follies. Generations of time is at stake. A civilization stands at the precipice.
Fin/But Bitcoin doesn’t care. If you’re just investing, sell, collect your dollars, move on. The journey may be too long & arduous for you. But if you seek enlightenment, HODL.

More from Bitcoin

1/ If, like me, you've been looking at #Bitcoin over the last few years with interest, but you have never really decided which side of the fence you sit on, this thread might be good for you.

This isn't another opinion piece on #Bitcoin , in-fact, it's exactly the opposite. 👇🏼

This thread is a list of resources I have found to be useful and insightful when it comes to understanding the pros and cons of #Bitcoin .

Below, you'll find knowledgeable people 👩🏽‍💻, articles/essays 📝, podcasts 🎧 and videos 📹 about #Bitcoin . Enjoy!

/2 People 👩🏽‍💻

These individuals are valuable to listen to, whilst they are bullish, they justify their stance:

@RaoulGMI
@michael_saylor
@DTAPCAP
@APompliano
@VentureCoinist
@AlexSaundersAU
@danheld
@aantonop
@jchervinsky
@real_vijay
@lawmaster
@LynAldenContact

/3 Resources 🏢

A video library of interviews from various Bitcoin enthusiasts. 👇🏼

https://t.co/CJJvHavSOn

A great guide for new investors to Bitcoin. 👇🏼

https://t.co/fOoSfTlWr5

A portal for people to go from zero knowledge to intermediate level.

/4 Tweet threads 🐦

A great thread on rebuttals from common #Bitcoin queries/criticisms. 👇🏼

https://t.co/tPEpFMMPhH

Why companies are starting to put BTC on the balance sheet. 👇🏼

https://t.co/lL71M1A3NF

“A double-spend broke Bitcoin" debunked.
$BTC: Two Bitcoin FUDs to address this Thanksgiving weekend:

1. China PlusToken FUD: Old news. Please see linked thread.

2. U.S. Treasury FUD: Read thread below...


1/ These news are much more relevant, as they imply severe trade-offs for people who want to keep their bitcoins undoxxed, with the cost and risks of doing so. I would not disqualify the tweet as mere FUD in the sense that what he posted is false. It should be taken seriously.

2/ For all we know, his decision of making it public before TG weekend may come out of the urgency of informing CT of a poignant anti-Bitcoin move by a Trump administration trying to cut lose ends before leaving office—not just "price manipulation" as I've seen suggested around.

3/ It implies the acceleration of a process already planned for for months in advance, not something he just came up with to "crash the market."

4/ In practicality, assuming this passes, it will have two major consencuences:

a. Armstrong's analysis is correct. And I would go further in saying, this regulation would leave the U.S. severely handicapped to continue to be the leader in the cryptocurrency industry worldwide.
The defi matrix

As each asset class goes on-chain, it can be stored in a digital wallet. And it can be traded against other such assets. Not just cryptocurrencies, but national digital currencies, personal tokens, etc.

We’re about to enter an age of global monetary competition.

The defi matrix is the table of all pair wise trades. It’s the fiat/stablecoin pairs, the fiat/crypto pairs, the crypto/crypto pairs, and much more besides.

Uniswap-style automatic market making for everything. Every possession you have, constantly marked to market by ~2040.

More liquidity, less currency?

This is an interesting point. Cash doesn’t make you money. In fact, it can lose you money in an inflating environment.

Reliable, 24/7 mark-to-market on everything is hard — but if achieved, means less % of assets in cash.


AMMs boost BTC. Here's why.

- All assets trade against all assets in the defi matrix
- Automated market makers give liquidity for rare pairs
- Everything is marked-to-market 24/7
- Value of cash drops, as you can liquidate instantly
- The new no-op is to keep your assets in BTC

Basically, automated market makers like @Uniswap boost BTC in the long term, because they allow *everything* to be priced in BTC terms, and *anyone* to switch out of BTC into their asset of choice.

Though in practice this may mean WBTC/RenBTC [or ETH!] rather than BTC itself.

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