AI Native Full-Stack Software Engineer & Bitcoiner
San Francisco, CA
Joined March 2009
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Blue Bart retweeted
Financial freedom should come with free time. $STRC
Blue Bart retweeted
I’m grateful I found Bitcoin before Covid hit.
It opened my eyes to the friction and permission it takes to run a real estate portfolio.
Sold all my AirBnBs during the plandemic and saved 100% of those proceeds into something unswayed by a company’s policy shift.
Blue Bart retweeted
Bitcoin is the greatest intellectual puzzle of all times.
It's completely open source.
Anyone can copy it.
Or try to change it.
But none of those tweaks has any real value.
Meanwhile, over the last 16 years, Bitcoin has gone up one million times.
Making it the top asset class of all asset classes.
And its price and adoption follow a precise power law.
With 96% correlation.
It is on path to absorbing all value in the Solar System.
Completely crushing the entire stock market.
The bond market.
Gold.
Real Estate.
And it does this with no earnings.
No "intrinsic value".
It can't be stopped or banned.
It can be ignored, but the adoption keeps increasing.
In Bull Markets and Bears.
It is something fundamental like language.
Or fire.
Or electricity.
An inevitable discovery that will take civilisation to the next level.
Blue Bart retweeted
HOW DO YOU EXPLAIN BITCOIN MINING?!?
BOOKMARK this one for the next time your friends, family, colleagues, or classmates ask what Bitcoin mining actually is 😎
It always helps me to hear it again. Thanks @skwp for the framework!
Blue Bart retweeted
A useful way to think about $STRC or $SATA is as a self-directed perpetual annuity. Americans bought $464 billion of annuities last year.
Michael @saylor has created a product that is better than a traditional annuity bought from an insurance company.
It can provide many of the things investors seek from an annuity- predictable income, tax efficiency, and long-term cash flow- but without requiring them to surrender control of their capital to an insurance company.
At STRC's current 12% annual dividend rate, $8.3 million invested generates $1 million per year of cash distributions. By comparison, a traditional lifetime annuity for someone around age 55 could require roughly $14–16 million to generate $1 million annually.
More importantly, much of the traditional annuity payment represents the insurance company gradually returning the investor's own principal.
With STRC you can get your principal back anytime you want.
Blue Bart retweeted
Are you going to do something today to extricate yourself and your progeny from central bank debt slavery, or will you get successfully distracted by stupid, inconsequential bullshit, again?
Blue Bart retweeted
What federal debt level
did you get into Bitcoin?
2010. $13.56 trillion
2011. $14.79 trillion
2012. $16.07 trillion
2013. $16.74 trillion
2014. $17.82 trillion
2015. $18.15 trillion
2016. $19.57 trillion
2017. $20.24 trillion
2018. $21.52 trillion
2019. $22.72 trillion
2020. $26.95 trillion
2021. $28.43 trillion
2022. $30.93 trillion
2023. $33.17 trillion
2024. $35.46 trillion
2025. $37.64 trillion
2026. $40.05 trillion
Blue Bart retweeted
THIS #BITCOIN AD DESTROYS THE BANKING SYSTEM IN UNDER 60 SECONDS
MUST WATCH 🔥
Blue Bart retweeted
Was the Coldcard hack Big Bitcoins Hail Mary? Or do they have anything more sinister up their sleeve?
Blue Bart retweeted
Hodlonaut on the illusion that just shattered:
"We bypassed the social layer, the human layer. We somehow thought the virtue and direction of this protocol was set in stone, no matter what developers do. That's obviously not true.
Bitcoin didn't win. Bitcoin can change. Bitcoin is changing. Bitcoin has changed. The illusion that we had a foothold in this world we could put our energy on, that illusion is gone right now.
All you want is to sit back posting 'Bitcoin fixes this, number go up, stay humble, stack sats,' and anyone sounding an alarm is seen as a threat. We need Bitcoiners to fight for Bitcoin. If no one fights for Bitcoin, Bitcoin will very soon be dead."
@hodlonaut on The @_BitcoinMatrix #286.
Blue Bart retweeted
Mate, you're right about the part that matters most, so let me say it first.
The trust chain failed.
Coinkite shipped a flawed build for years. Many of us recommended it. Ordinary people had no way to audit the random-number generator. I'm one of them. I lost Bitcoin on July 30.
But the conclusion you're drawing doesn't follow.
A failure of one custody architecture is not a failure of self-custody.
Paper wallets weren't the escape either. Coldcard-generated paper wallet keys came from the same broken generator. That's one of the least-reported parts of this story.
More importantly...
Across every wave of this attack, not one multisig wallet has been reported compromised. Not one.
Single-signature concentration failed.
Self-custody didn't.
And the ETF doesn't solve the trust problem you're describing.
Read IBIT's own filings.
The Bitcoin custodian is Coinbase Custody Trust Company.
You're saying trust failed...
...then recommending another trust model with a ticker symbol.
That's not eliminating trust.
It's relocating it.
History matters.
Mt. Gox.
Quadriga.
Celsius.
Voyager.
BlockFi.
Genesis.
FTX.
Those institutions have cost Bitcoin holders far more than every hardware wallet defect combined.
For someone completely non-technical with one affected device and nowhere else to go, using a reputable exchange while they learn or migrate is a defensible temporary decision.
But making institutional custody the destination rather than the bridge abandons the very breakthrough Bitcoin introduced.
Bitcoin didn't give us a better intermediary.
It gave us the option to remove one.
The lesson from this week isn't that self-custody failed.
The lesson is that life-changing wealth should never depend on one key.
That's a custody lesson.
Not a Bitcoin lesson.
And certainly not a reason to surrender the one property an ETF can never deliver:
Final settlement without asking anyone's permission.
