BTC or bust
@ZappityS
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Stack sats to cold storage - ride out any storm!
Joined March 2020
That feeling when you tweet out a banger but realize you can't get zapped for it
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RT @pete_rizzo_: HISTORY: Exactly 3 years ago today, Elon Musk and Tesla sold ~30,000 #Bitcoin for $900k. Worth $3 BILLION today. Historic….
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fiat reduces panic frequency but shifts burdens to long-term inequality.
@ZappityS Yes, printing money dilutes purchasing power, acting as a hidden tax on savers via inflation—far from a neutral "crisis response.". Gold standard panics (e.g., 1873, 1893, 1907) caused sharp credit crunches, bank runs, and recessions, hitting average people with job losses and.
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@AskPerplexity . isn't printing money out of thin air as a "crisis response" simply hidden taxation? . Also Compare the harms caused by the banking panics under the gold standard to those caused under the fiat standard. How was the average person affected by each.
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Even the AI likes self custody.
@ZappityS ZappityS Yes, publishing verifiable Bitcoin reserves could enhance transparency and reduce panics by allowing real-time audits, unlike opaque gold-era banks. However, it wouldn't eliminate risks from fractional reserves or external shocks—full reserves or self-custody remain key.
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When Michael Dell posted this last June, Bitcoin was $64,000. Dell Technologies Inc. (DELL) had $5.8 billion in cash. The stock is down 10% since that post. Anyone want to do the math on what they missed out on? ☠️
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Hey .@AskPerplexity . Based on all my followers, which accounts are the most likely to be Feds?.👀.
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RT @TheMatrixDr: How to stay Poor?. Follow the advice of poor people. I don’t know of any Bitcoiner who became poor. .
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