They called torrents piracy. Then they built Spotify. They’ll do the same with Bitcoin. Here’s how the cycle plays out, every time:. 🧵👇

There's not enough Bitcoin for everyone. So what happens?. Same thing that always happens. The rich and financially literate get theirs first. Most people will own Bitcoin the same way they own gold: . Through someone else's database.

Join millions who have switched to Grok.

RT @basedlayer: If you became a bitcoiner in 2017, you're officially an OG.

Now, if you really are an OG then the times has come to follow @BTCPerception.

If you became a bitcoiner in 2017, you're officially an OG.

Argentina uses dollars to escape pesos. Americans use Bitcoin to escape dollars. The only difference betwen the two is urgency. One group needs a solution today. The other is preparing for tomorrow. Both are right about the problem.

RT @basedlayer: If Bitcoin is supposed to make you rich, why has it turned me frugal af and made me budget more than anything else?.

Humans are wired to wait for permission. Doesn't matter if you're in São Paulo or San Francisco. Everyone's waiting for their government/bank/boss to say "Bitcoin is okay now". The revolution happened but most people are just waiting for someone in a suit to confirm it.

There's not enough Bitcoin for everybody. 21 million divided by 8 billion = 0.002625 BTC per person. That's ~$300 at current prices. The notion of distributing wealth is false as we're in the middle of creating a new scarcity. The custody wars haven't even started yet

Here is why @PeterMcCormack's story arc is the best in Bitcoin: . The most successful Bitcoiners never graduated from talking about Bitcoin. They just moved from "what is Bitcoin" to "what I'm building with Bitcoin proceeds". The real flex is having conversations that minimize.

RT @basedlayer: Argentinians taught me the most important thing about Bitcoin. And that's that they don't give a sh*t about the philosoph….

The worst Bitcoin take is also the most common:. "I wish I knew about it earlier". My Brother In Christ, you would have sold at $100. Or lost it on Mt. Gox. Or forgotten your password. Hindsight makes everyone a genius trader.

"Established at block height 834,087". bro just say the date.

My Argentine cousins understand economics better than my Norwegian friends. One group learned from books. The other learned from empty ATMs. Sometimes i think the best education is devastation.

There really is an insane correlation between having zero bitcoin and also having zero understanding of it.

Bitcoin created a new type of immigrant:. Not fleeing war or poverty. Fleeing taxes and high cost of living. But they all end up in the same 5 cities complaining about the same 3 problems. The decentralized revolution sure loves its centralized beach towns.

RT @basedlayer: Growing up in Norway taught me something about wealth nobody talks about:. Rich people there hide it better than anywhere e….

When I worked at Universal Music they had a room where they displayed all their gold and platinum records. 100s of culture-changing albums gathering dust. The execs behind those albums = gone. The artists had moved on. Just plastic circles celebrating dead moments. Lesson there.

RT @basedlayer: It might be obvious to you, but 97% of the world have no clue Bitcoin exists.

Then again everyone's personal taxes is AVAILABLE FREELY ONLINE so what everyone does is just look you up, see what you paid in taxes and deduct what your salary is from that data point. Absolutely unbelievable.

Growing up in Norway taught me something about wealth nobody talks about:. Rich people there hide it better than anywhere else. Mentioning your salary is social suicide. Success is never celebrated. Then I go to the US where guys with $50k pretend they have $50M. The.