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Jason, I'm glad you recognize the distinction between reporting on the Fed’s crisis and causing it! While I have you…with zero personal animus, I’m going to need you to correct the record on something. And this is also addressed to @matt_levine and to a lesser extent @SchreckReports, both of which have published things that require correction. In short, the hyperbitcoinization bet is a Simon-Erlich style bet that is purely about settling an ideological matter. I did not propose the bet but only accepted it, I have absolutely zero profit motivation, I am never selling Bitcoin for USD unless legally compelled to do so, and I am holding Bitcoin until the US dollar is no longer the reserve currency of the world, again unless legally compelled to do otherwise. The only time I have ever rung a fire alarm like this was in Jan 2020. I did what I could to warn about a lab leak that actually did end up claiming millions of lives. That's also the only reason I’m doing this: to alert innocent Americans and dollar holders in the style of Paul Revere that the printing is coming. A SIMON-ERLICH BET ON HYPERBITCOINIZATION In more detail: 1) The record shows that I put up the #Bitsignal before I made the bet, giving out $1M of my own money to raise awareness of this stealth crisis — the digital devaluation of the dollar — before it was known to be a crisis.[1] 2) The record also shows that I didn't *propose* the bet, but just accepted it. @jdcmedlock proposed it. [2] 3) I believe Medlock will agree that this is an ideological bet, like the Simon-Ehrlich bet[3], which resolved a famous difference of opinion between libertarians and progressives. As with the Simon-Erlich bet, the hyperbitcoinization bet is obviously not a money making bet. It is purely informational. For what it's worth, I was CEI's Julian Simon award winner[4] last year so I'm clearly aware of Simon. 4) Moreover, the Bitcoin community, such @jack, has posted about the possibility of hyperbitcoinization for many years.[5, 6] This is not coming out of nowhere. 5) To allay any question about my motivations, I publicly commit to never selling any Bitcoin for USD unless legally compelled to do so. While I still respect many individual Americans, I no longer have faith in the US currency or banking system. 6) I am sadly not alone in this loss of faith in US banking. Moody's has downgraded the US banking system as a whole [7], many Indians have been forced to move funds from collapsing US banks to India's GIFT City banking system[8], and — in a development that should be worrying for the world — Chinese banks are soaring as Western banks are failing.[9] If the USD fails, the free world needs BTC as the reserve currency, not RMB. 7) Finally, after ten years of being in the public eye, with tens of thousands of tweets, 50+ hours of podcasts, and hundreds of pages of writing — there are enough people with context on me to know that I am not a trader, I rarely discuss price, and I do not do John McAfee-like stunts. I am an ideologically driven person who believes in Bitcoin & everyone who knows me can testify to this. IN SUMMARY The hyperbitcoinization bet is a Simon-Erlich-style public interest bet. I did not propose the bet but only accepted it. I have absolutely zero profit motivation. I raised the alarm on printing as I did on COVID, because it’s important. I’m already being proven right, as the printing is reportedly $18T. I am never selling Bitcoin for USD unless legally compelled to do so. And I am holding Bitcoin until the US dollar is no longer the reserve currency of the world, again unless legally compelled to do otherwise. I cannot give a more strongly worded statement. [1]: xitter.cf/balajis/status/1… [2]: xitter.cf/jdcmedlock/statu… [3]: fee.org/articles/how-julian-… [4]: cei.org/news_releases/compet… [5]: xitter.cf/jack/status/1451… [6]: bitcoinmagazine.com/hyperbit… [7]: cnbc.com/2023/03/14/moodys-c… [8]: livemint.com/companies/start… [9]: bloomberg.com/news/articles/… [10]: xitter.cf/balajis/status/1…