Damus
Michael Wilkins profile picture
Michael Wilkins
@Michael Wilkins

Founder, Involve Digital.
Founder, The Bitcoin Transition.

Focused on sound money, incentives, and systems.
Bitcoin as a monetary protocol, not a speculative asset.
Exploring how hard money shapes technology, productivity, and long-term human progress.

Relays (7)
  • wss://purplepag.es – read & write
  • wss://relay.nostr.band – read & write
  • wss://relay.casualcrypto.date – read & write
  • wss://nostr.se7enz.com – read & write
  • wss://relay.chicagoplebs.com – read & write
  • wss://relay.primal.net – read & write
  • wss://nostr.notribe.net – read & write

Recent Notes

Michael Wilkins profile picture
Most people still think in fiat terms.

They look at Bitcoin’s price in dollars and try to anchor it to today’s global asset market, which is also measured in dollars. That framing assumes the dollar remains the dominant unit of account indefinitely.

If Bitcoin were to reach the final stage of monetary adoption, becoming a widely used unit of account, valuation would invert. Assets would no longer be priced primarily in dollars and then translated into Bitcoin. They would be natively priced in sats.

That means every asset and every liability would have a Bitcoin price. Property. Equity. Debt. Commodities. Luxury goods. Intellectual property. Everything that carries economic value.

At the same time, global productivity does not stand still. Technology, automation, and innovation continue to expand the quantity and quality of goods and services. The stock of valuable things in the world grows over time.

In that scenario, a fixed-supply monetary base measuring a growing pool of productive assets will naturally reflect that expansion in its purchasing power relative to weaker monetary units.

The common objection comes from projecting a future Bitcoin-denominated world onto today’s fiat-denominated balance sheets. It assumes today’s dollar aggregates are a hard ceiling. They are not. They are contingent on the monetary system currently in place.

If a transition were to occur, the relevant question would not be “how high can Bitcoin go in dollars,” but rather “what happens to the dollar’s purchasing power relative to a fixed monetary supply in a world of expanding output.”

Those are two very different analytical frames.

#Bitcoin
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Moneta Pro Populo · 5d
I would say sound money is an integral part of capitalism and private property. Extra wealth from someone else's property without their permission is anti-capitalistic and anti-private property.
Michael Wilkins profile picture
The fiat experiment will go down in history as one of the greatest economic failures of the modern era.

For over 50 years, the global monetary system has been built on debt expansion, currency debasement and the belief that inflation is “healthy.”

That belief comes straight out of Keynesian thinking.

The problem?

Inflation is not growth.
Debt is not productivity.
Money printing is not prosperity.

Technology, AI, robotics and automation are inherently deflationary forces. They increase productivity. They reduce real costs. They make abundance possible.

In a free market with sound money, life should get cheaper over time.

Instead, what do we see?

• Housing further out of reach
• Healthcare more expensive
• Education inflated beyond reason
• Asset prices distorted
• Savings punished
• Debt normalised

Even when life improves for some, it costs exponentially more than it should relative to productivity gains.

Why?

Because the system requires inflation to survive.
Debt must grow.
Currencies must weaken.
Savings must be diluted.

When money itself is unstable, everything built on top of it becomes unstable.

This is not a political statement.
It’s a monetary one.

History will not judge the fiat era kindly.

Sound money disciplines governments.
Unsound money disciplines citizens.

And we are living through the consequences.
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🇨🇭 Swiss Hodler 🧡 THE Bitcoin Marketing Team · 4d
Yes 🙌
Michael Wilkins profile picture
I’m tired of scrolling LinkedIn and seeing the same posts on repeat:

“Bitcoin is down $66k.”
“Bitcoin is down 50%.”
“Bitcoin is failing.”

Every speculator has an opinion.
Everyone pretends they know what’s happening.

Almost none of it matters.

Because nothing fundamental about Bitcoin has changed.

Bitcoin is not a stock.
It is not a tech company.
It is not a yield product.
It is not a macro trade.

Bitcoin is a monetary protocol.

Here’s what hasn’t changed:

The supply is still fixed at 21 million

Blocks are still produced roughly every 10 minutes

Nodes still independently verify every rule

Miners still secure the network via proof-of-work

Difficulty still adjusts automatically

No central party can change the rules

That’s Bitcoin.

The only thing that’s moved is the fiat exchange rate people use to talk about it.

When people say “Bitcoin is down,” what they actually mean is:

One unit of Bitcoin currently exchanges for fewer dollars.

That tells you something about dollars, not about Bitcoin.

Bitcoin doesn’t promise price stability in fiat terms.
It promises monetary integrity.

It removes discretionary money creation.
It removes counterparty risk.
It removes the need to speculate just to preserve purchasing power.

That’s why so many people misunderstand it.

Most people don’t want money.
They want more fiat.

So they trade Bitcoin instead of using it.
They time tops and bottoms.
They chase narratives.
They panic when the unit of account they don’t trust moves against them.

But when you stop pricing your life in fiat and start pricing it in Bitcoin, the picture flips:

Goods get cheaper over time.
Savings stop evaporating.
Long-term planning becomes possible again.

That’s the point.

Bitcoin doesn’t need defending during drawdowns.
It needs understanding.

Price noise will come and go.
The protocol remains consistent.

Tick tock. Next Block

That’s #Bitcoin
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Turiz · 1w
Spending helps with understanding how goods get cheaper with time but as you said most are still fiat oriented. And trading the corn chasing charts and scalping. many forget the vision they need reminders such as your post.
Michael Wilkins profile picture
In February 2016 an average sirloin from the butcher cost.

2230596 sats

Today it costs

21065

This is what living on a Bitcoin Standard is like. Prices drop long term. Life gets better. Retirement comes earlier. That’s #Bitcoin