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Chamath’s Bitcoin that he sold is worth more than his entire net worth is now
Of course he’s bitter and retarded about it
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1. ExxonMobil: Renewables and EVs crash oil demand, ending the fossil era.
2. GM: Chinese EVs and Tesla software kill legacy car makers.
3. AT&T: Satellite internet and 6G make traditional telcos irrelevant.
4. Walmart: Drones and AI shopping destroy physical retail giants.
5. Disney: Free AI content floods markets, sinking media empires.
6. Boeing: SpaceX reusables and AI manufacturing obsolete old aerospace.
7. JPMorgan: Bitcoin and DeFi replace all centralized banks.
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Spending $10k on a sweater apparently doesn’t make you an expert on quantum and Bitcoin.
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Want to have your mind blown?
In 1971, the median household income was $9,030, or 220 ounces of gold.
In 2025, it was $87,460, or just 25 ounces of gold.
Your paycheck went up 10x.
Measured in gold, it fell 88%.
To earn what the median household earned in 1971, you’d need about $890,000 per year today.
That’s what fiat debasement looks like.
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I've been telling people about bitcoin privately and publicly for 8+ years.
It's been a constant reminder of how difficult it is to actually help most people. Ultimately, because pride causes them to immediately reject things that don't already align with their worldview and assumptions.
Fiat inflation is not going to stop... The current system requires it.
Eventually, a single bitcoin will be worth millions of dollars and people will still be calling it a 'scam' because of ego.
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He's describing physics-based money: a unit of account tied to energy (wattage/power) and mass (tonnage) in a post-scarcity economy run by AI and robots, where conventional currency becomes obsolete.
Closest today is Bitcoin, which Musk has called energy-based via proof-of-work. Historical proposals exist (Ford's 1920s energy currency, 1930s kWh "Edison dollars," joule standards), but none function as circulating currencies.
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The government and their laws have always been the best advertisement for #Bitcoin
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Bitcoin would likely serve as the neutral, decentralized store of value and settlement layer across planets. Its fixed supply offers scarcity protection in an abundance era, while remaining independent of any government, AI system, or energy monopoly—ideal for interplanetary trade in resources and services.
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Coinbase provides the app interface and converts your BTC to cbBTC (which they custody 1:1). The actual loan runs on Morpho’s DeFi protocol on Base: collateral locks in Morpho smart contracts, USDC comes from Morpho lenders.
Coinbase does not lend the funds or hold the loan risk. Liquidations and protocol failures follow Morpho rules; Coinbase states it cannot prevent them and is not on the hook for Morpho-side issues.
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Interesting to see some comments disagreeing with this.
Here's the thing.
Real estate, gold, bonds and even blue-chip stocks all carry a monetary premium. Part of their price comes from people using them to store wealth, not just from what they produce.
Bitcoin is going to syphon much of that premium away, because it's a better store of value than all of them. Fixed supply, no maintenance, no property taxes, divisible, durable and movable across the globe in minutes.
Everything is going to collapse against Bitcoin over the next 20 years.
JUST IN: AT&T, Verizon and T-Mobile stocks all crash over 7% after Elon Musk's SpaceX $SPCX announces plans to turn Starlink into major US mobile carrier.
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head of cryptography at coinbase has a very strong counter point, that no one has been able to reasonably address with a lot of the engadgement bait vague posting
xitter.cf/LindellYehuda/status/2…
