#AES #Bitcoin §37
Crypto is a Scam, Fiat Inflation Is Theft
Unlike crypto, Bitcoin is not a security. No liability attached. By definition, a security has a liability attached to it. The U.S. dollar has liability to the U.S. government…meaning the U.S. can debase it. Bitcoin cannot be debased. Less than twenty-one million units, forever. Bitcoin is owning a “bearer asset,” and a bearer asset means you hold it. Commodities, such as gold, fit into this asset class. Commodities do not have liabilities. Bitcoin is a commodity. The scarcest commodity ever created. After the 2024 halving, Bitcoin will be scarcer than gold.
Fiat is not a commodity. Crypto is not a commodity. This is why fiat and crypto are close cousins.
Solstin / Bryan Solstin
npub1wy…4z29n
2024-02-19 15:08:31
Author Public Key
npub1wycu76e2ejna3dqne8g9tu4hevqp7qfva4cq8gj5hd3n25du49rqj4z29nPublished at
2024-02-19 15:08:31Event JSON
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"content": "#AES #Bitcoin §37 \nCrypto is a Scam, Fiat Inflation Is Theft\nUnlike crypto, Bitcoin is not a security. No liability attached. By definition, a security has a liability attached to it. The U.S. dollar has liability to the U.S. government…meaning the U.S. can debase it. Bitcoin cannot be debased. Less than twenty-one million units, forever. Bitcoin is owning a “bearer asset,” and a bearer asset means you hold it. Commodities, such as gold, fit into this asset class. Commodities do not have liabilities. Bitcoin is a commodity. The scarcest commodity ever created. After the 2024 halving, Bitcoin will be scarcer than gold.\nFiat is not a commodity. Crypto is not a commodity. This is why fiat and crypto are close cousins.",
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