“Fix the money, fix the world.” ₿itcoin
California
Joined February 2010
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This might be the most important 5 minute listen of your entire life. @PrestonPysh @Swan @samcallah @CitizenBitcoin @coryswan #Bitcoin
A bitcoin buyer most people missed: perpetual preferred stock.
Fidelity Digital Assets says these dividend-paying shares funded 135,979 BTC of purchases through Oct 5.
That's about 0.65% of all the bitcoin that will ever exist, in roughly 15 months.
Max pain!? Does anyone feel like this entire war is ment to cause supply chain shortages and bring everyone to the table to sign onto a digital dollar? #bitcoin
BlackRock filed last week for its third bitcoin ETF: PBIT, which would use options on IBIT to limit losses in exchange for capped gains.
The biggest asset manager on earth keeps building on-ramps for cautious money. That's what adoption looks like.
Bitcoin, week in review:
- Spot ETFs: +$301M net
- Strategy: +267 BTC, now 848,517
- Hashrate: 1,064 EH/s
- Price: about -2%
- Thu: $636M ETF outflow, most since June
Next up: FOMC Oct 27 to 28, Strategy earnings Oct 29.
Headlines change weekly. The 21 million cap doesn't.
You: "Last Saturday, bitcoin untouched since 2013 finally moved."
Bitcoin: "Through Mt. Gox, FTX and three bear markets."
You: "Sold?"
Bitcoin: "No exchange deposit seen. Just new addresses."
You: "What did they do all those years?"
Bitcoin: "Nothing. That was the strategy."
Bitcoin's hashrate is back above 1,000 EH/s, a "zettahash." Price is about 35% below its high, and miners plugged in more machines anyway.
What does that number actually mean? A short thread:
2/ More machines would mean faster blocks. So every 2,016 blocks, bitcoin resets the difficulty.
On Oct 16 it rose 5.92% to 140.58T, the highest since March. Blocks drift back toward one every 10 minutes. Nobody votes on it.
"It is rules, no rulers." @jackmallers on Bitcoin: no treasury, no roadmap, no operator, nobody to trust. Just rules that apply to everyone, forever.
The new Quantum Alliance says about 6M BTC (roughly 30% of supply) sit behind already-exposed public keys, including coins attributed to Satoshi. No quantum computer can touch them yet.
Question: if that day comes, should bitcoin freeze coins never moved to safer addresses?
Aaron Lieber retweeted
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.
You: "The Fed meets Oct 27 to 28. Hike or hold?"
Fed: "We'll tell you on the 28th."
You: "Bitcoin, what's your policy for 2027?"
Bitcoin: "Same as now. Published in 2009."
You: "Any surprises?"
Bitcoin: "Next halving, around 2028. Right on schedule."
New to bitcoin? You don't have to buy a whole one.
1 bitcoin = 100,000,000 sats (named after Satoshi Nakamoto).
At about $82,000 per bitcoin, $10 buys roughly 12,000 sats.
A high price per coin is a unit problem, not an access problem.
"Gold was humanity's global money for about 5,000 years. Money is a proxy for human time." @americanhodl8
You trade hours for money. So the real question is which money keeps your hours. 21 million, no exceptions.
Peter Schiff, after hot CPI: "Sell your Bitcoin before the bottom drops out of the market and buy gold!"
Gold is great money with one leak: higher prices pay miners to dig more. Supply grows about 1.7% a year.
Bitcoin's issuance: about 0.8%, and price can't move it.
"You either have abundance in money and scarcity everywhere else, or scarcity in money and abundance everywhere else." @JeffBooth. That's the choice.
Aaron Lieber retweeted
Inflation is how we ended up in a world where you can make more money than your parents and afford less.
We’ve never been better at producing things. Yet somehow, buying a home, raising a family, and saving for the future have become harder.
Something is broken.