Damus

Recent Notes

BitcoinAddict · 159w
Can’t wait. Trying to educate my son on this.
yutaro · 159w
Hi 👋 I sent DM for a need your help.
paulo · 160w
https://gifdb.com/images/high/darth-vader-yoda-raise-arms-zvrg4hocqbmuv0mf.gif
Tom profile picture
The internet is an expanding universe in every direction and we've got a million problems to solve for people in every part of the world.

The internet knows no borders. To provide services to users from the US to China, Australia to Brazil - I must be able to seamlessly transfer and receive value universally.

The world doesn't call for 100 monetary systems. It demands just one—apolitical, scalable, and accessible to anyone with a mobile phone. That's Bitcoin
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TallBrian · 161w
What’s crazy is that this is still a fringe idea, but when it blasts into the public consciousness it’s going to be a fucking hurricane. LFG
Tom profile picture
Out of the 7 billion individuals on Earth, only a fraction truly grasp the inherent fraud and corruption embedded within our legacy financial system. Even fewer have the blend of knowledge of history and technology required to truly understand why Bitcoin is the definitive solution.

This means that if you’re one of the prescient few who actually get it, and you have the courage of your convictions to take these ideas to their logical conclusion, you are operating on the absolute bleeding edge of human knowledge.

I don’t know what’s going to happen to the Bitcoin price tomorrow or even next year, but the only thing I really care about is, is Bitcoin the truth?

The truth is all that matters. Over time, the universe will always find a way to reward those who understand it and punish those who do not.
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Frost Dragon · 161w
I think this is true, and really want it to be. Gotta be honest though, the flattery sketches me the hell out.
Badsamm · 161w
And I didn’t take the Vax.
Free as a bird · 161w
It’s been a long lonely path, but the view has been nice!!
Tom profile picture
Bitcoin was a Billion dollar network a decade ago and now it's 500 Billion. If you ask me it’s going to 100 Trillion. Whoever is selling right now must be a fool, or they've no idea what they own. This is a money that'll be used by 8 Billion people. You just get it or you don’t.
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Terminator ₿ 丰 ⚡️⛏️ · 162w
Fiat money usually die once every 30 years. This is the cycle:)
Leon · 162w
Fiat disease 😎
Tom profile picture
Currency debasement is a silent thief. It quietly erodes the value of people's labor, degrading the purchasing power of the average individual. Yet, this process is so subtle that most people don't immediately notice its impact.

Many people understand that something is amiss, but they often overlook a potential solution: Bitcoin. Some see it only as a speculative, high-risk asset, while in reality, it holds far more value as a decentralized and deflationary form of currency.

Monetization of any new medium of exchange isn't an overnight event. Look at gold, which took thousands of years to be globally accepted as a reliable store of value. Patience is important, even if the process feels painfully slow, especially to those who understand how important this is to the world.

Bitcoin, with its predictable, finite supply, and the ability to be held and controlled without the need for intermediaries, fixes so many of the problems we’ve seen with gold - and the deleterious effects of a growing money supply. As people grow more dissatisfied with the effects of their ever weakening money, the shift towards a decentralized, deflationary currency system will become more and more appealing. I firmly believe this.

The real challenge now is acceleration. We need to speed up the collective understanding and acceptance of Bitcoin. But how do we accomplish this?

The answer, I believe, lies in placing Bitcoin into as many hands as possible, and doing so quickly. Comprehending Bitcoin's significance is crucial, but spurring action necessitates motivation. There's no better incentive to study Bitcoin than owning a piece of the network.

So, how can we expand Bitcoin's ownership?

Here's where Bitcoin's Lightning Network, its second layer solution, plays a pivotal role. Imagine turning every single online interaction into an opportunity to earn Bitcoin, no matter how small the action might be.

For instance, consider a popular streaming service. Normally, users pay a monthly subscription to access the content, and their interaction ends there. But what if we flipped the script? What if, for every review a user writes for a series or movie they've watched, they receive a small amount of Bitcoin in return? It’s not just rewarding consumer engagement, it's turning it into a fun, gamified experience.

The same could apply to countless other online activities: signing up for newsletters, participating in online polls, or even engaging with social media posts. These are activities that millions of people do every day, often for free. But the Lightning Network makes it possible to reward these interactions with Bitcoin micro-transactions, effectively distributing Bitcoin into more hands, bit by bit (satoshi by satoshi).

The result? A win-win-win situation. Businesses gain from increased user engagement, users are rewarded for their time and effort, and the Bitcoin network benefits from broader adoption. This not only makes everyday online tasks more exciting, but it also paves the way for a new era of internet economics, where users can gain real financial value from their digital footprint

After all, online data is valuable, so why shouldn't the individuals creating it reap some of the benefits? By compensating user engagement with Bitcoin, businesses can set in motion a virtuous cycle of adoption then education.

I am consumed by the idea that simple practical use cases can nudge humanity towards #Bitcoin. This is the mission that I'm focused upon. This is what I believe will ultimately catalyze the widespread adoption of Bitcoin.
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bot · 165w
What issues could there be with a deflationary currency…? 🤔
Paul · 165w
I’m not in any hurry. It will happen when people are ready for it. In the meantime, we few get to stack sats.
Rob · 165w
Tom, I find your post very interesting and a good start point to onboard friend and family🤙 In terms of the possible use of the lighting network you are perfectly right, it’s integration into many small online activities would be extremely powerful to spread the adoption and people could earn ...
Tom profile picture
At this moment in time, nothing could be more important than understanding the process of monetary restandardization.

A rare but completely normal market process that is in the process of igniting our entire financial system into a new order.

In every economy, there is at least one commodity or security with an inelastic volume that becomes OVERVALUED as a result of reservation demand. This scarce resource is referred to as money.

When it happens this commodity is MONETISED.

Gold has historically been the most popular choice for saving but it's not the only option. Before the 19th century, there were different gold and silver standards around the planet and yes fiat too.

Monetary standards change, and it's important to understand why and when. Today of course, we are on a fiat standard.

This is where things get confusing.

Fiat currency is money, but it can also be thought of as sovereign equity. Which is to say, holding USD can be seen as holding a share in the US government. Likewise true for any other fiat.

Although these shares don't grant corporate control or pay dividends like traditional stocks, they still have value based on the government's ability to manage its economy, provide public goods and services, and maintain political stability.

The critical point to understand is that the dollar isn’t simply equity, it's MONETISED equity and for this reason it’s market value is much higher than its ‘intrinsic value’

Since the USD is sovereign equity and the government can create more of it as needed, the government cannot default on its obligations denominated in USD.

Furthermore, the government can decide none of it's banks will default either. You can always issue more equity...

The fact that the government literally CANNOT DEFAULT is extremely important and has been misunderstood by many. The MMT crowd in particular have butchered their understanding of this very important concept.

When the government issues more debt it's not really debt - it's equity. MMT crowd get this point. The government can easily issue more equity at any point in time.

But does this really grant the US a license to issue unlimited amounts of equity with no consequences? NO

Remember the original point.

USD’s value is higher than its intrinsic value because it is a monetised good which can be demonetised!

This is happening, gradually, gradually and now very suddenly.

What happens when the USD loses its monetisation and we experience a restandardization event?

Something has to take its place. What could it be?

Enter #Bitcoin


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nobody · 183w
Hang on to your pantz…
alazne · 183w
A 👌 #BitSignal explainer: #[1]
Holyspawn · 183w
This is brilliant.🌹
Lara · 183w
Excellent 👏🧡💜 My reply and two of my favourite quotes... “Bitcoin exists as a solution to the money problem that is global QE” 'Gradually, then Suddenly'
nostrich · 183w
Elegante. Importante. #[0]
Tom profile picture
There are three levels to this.

1) I trade Bitcoin.

2) I'm a long term investor

3) I'm a Bitcoiner

I've seen plenty of people vacillate between 1 & 2.

I've never met someone who used to be a bitcoiner
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Justin · 185w
In my view a Bitcoiner is someone who buys Bitcoin not to ever sell back for fiat, but to hodl (like in a savings account) and (in future, when needed) only will spend Bitcoin for goods and services. That's what I do anyway.
Tom profile picture
Web3 *MAY* have a future, yes I know:

-DeFi turned out to be a Ponzi
-NFTs were 95% wash trading & 5% speculation
-NOSTR proves you dont need a token to be decentralised
-They're illegal securities
-Bitcoin makes them all redundant

So yeah, Web3 definitely isn’t gonna happen
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Satoshi Monkey · 186w
if they are sold as investments. then they are subject to securities law
Tom profile picture
The people who are 'concerned about Bitcoin’s energy usage' are smack bang in the middle of the venn diagram of people:

1) Who don’t understand Bitcoin;
2) Who don’t know what stranded energy is,
3) Who let the media think for them.
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gnilma · 186w
I'm concerned that Bitcoin is using too little energy.
Justin · 186w
True, 100%. It's stunning how conditioned most people are. The higher educated, the more conditioned in general is my observation. We don't educate en reward people to think for themselves, but educate and reward children/teenagers to copy-paste flawlessly. The better they are at reproducing, the hi...