In the new edition of #BitcoinTrain I address a question that has been circulating in my mind for quite some time: when AI makes everything abundant, what will still retain value?

Block has just cut 40% of its workforce in a single move. Human labor will increasingly become less necessary as more and more goods and services are produced automatically at extremely low cost. But in an economy of artificial abundance, which assets truly survive?

The answer may lie in a single word: scarcity.

Not the kind designed at a drafting table. Not the kind simulated by software or marketing. The real kind. The kind that no language model, no data center, no GPU can replicate or inflate.

The final scarcity.

naddr1qvzq...

Running here and not trusting governments. PV

In the new article I address what is happening in France: something that should terrify anyone who declares their bitcoins "to be on the safe side". Criminal gangs are accessing the tax data of bitcoiners. Names, addresses, estimated assets. Everything the state has collected in the name of 'transparency' and 'anti-money laundering' has become a shopping list for those who want to rob and seize.

KYC is sold as a shield, when it is a database of high-value targets, accessible to anyone with the right connections or simply the right corruption. And corruption, in the nerve centres of state bureaucracies, is never lacking.

The right question to ask is: who really needs to collect all this data? Honest citizens, who are profiled and filed? Or those – the state or criminals, the difference is non-existent – who have an interest in knowing exactly where the wealth is and who holds it?

Bitcoin was created as a response to this problem, and the manhunt is already on. If you wanted to sleep peacefully, frightened by the propaganda of public thugs, perhaps your address has already been compromised.
naddr1qqwk...

Welcome, legend 🧡

Strategic Bitcoin Reserve.

Daddy State said he wouldn't sell the bitcoins obtained through extortion (and you're happy about that);
By doing so, Daddy State legitimized the image of bitcoin in the eyes of the market (and you're happy about that);
Daddy State also said that maybe, in the future, he could buy bitcoin by selling other properties (and you're happy about that).

You took the cookie that Daddy State promised you and now you're wagging your tail.

This is what you've become, dear bitcoiner: the pet of those who promised you the absolute nothing, mixed with the flavor of state extortion. I expect you to become his guard dogs as well.

We are not the same.

Happy 100k everyone 🧡