John Makan

Bitcoin is to money what Beyond Meat is to meat.

@Jim_0_0_ @MakeGoldGreat I hope so. I have heavy bags. But they are heavy because PMs are heavy so I am happy 😊

@MakeGoldGreat Since Hong Kong is set to largely take over global liquidity through the Hong Kong Precious Metals Central Clearing System, the cme is trying to maintain the upper hand. Once the Hong Kong Precious Metals Central Clearing System gains the upper hand, the true price will emerge.

‼️CME’S CASH-ONLY GOLD FUTURES GO 24/7 FROM SUNDAY. ‼️CHINA’S BIGGEST BANKS CLOSE RETAIL PAPER GOLD FRIDAY. So China spent July making gold harder to trade and easier to own. The West spent July making gold easier to trade and harder to own.

The USA better have a plan because it has mismanaged its fiscal situation catastrophically. Our markets are nonreal, manipulated, corrupt - and China is using our idiotic decisions by the Fed and Congress to vacuum Gold out of the USA and into its eastern vaults. People say different things about Good but throughout history, the countries with the most gold holdings write the rules. True that gold often followed the winning of wars and the US military is still alone at the top…but it also usually follows years of current account surplus. China is dominating for multiple reasons but the most glaring is the USA’s complete departure from free market pricing signals that formerly guided resource allocation. That ended in 2009 for no reason other than Boomer greed, corruption and stupidity by Fed and Congress. Gold transfer is the end result - and we still are out to lunch by letting the Fed and the Jane Streets and Citidels of the world destroy mkt pricing signals with nonsense. Please make it stop, someone, anyone. Or the future is being cooked in broad daylight.

@5and2fish_bw @AnHonestNode @JoelHodlman Happy to answer questions here or in the Substack comments if you like.

@BitcoinGambit @AnHonestNode @JoelHodlman I am reading your deflation article. Would actually be great to engage with you on this.

Don’t steal Don’t cheat Don’t lie Bitcoin is honest! Sneak peak of Ep: 1 of The Christian Bitcoin Podcast w/ @5and2fish_bw

Bitcoin was meant to be electronic cash. Not digital gold. Not a speculative shrine. Not an expensive settlement toy for institutions moving millions while ordinary users are politely shown the door. The economic design was simple: miners would process enormous numbers of transactions, each paying a very small fee. No individual payment needed to be expensive because the system earned revenue through volume. A fraction of a penny multiplied across millions or billions of transactions becomes a substantial security budget. That is how functioning payment networks scale. They do not make each customer pay more because capacity has been deliberately restricted. They lower the marginal cost, expand throughput and earn more by serving more people. The block subsidy was never meant to finance mining forever. It declines. Transaction fees were supposed to replace it, not through a tiny number of extortionately priced transactions, but through vast numbers of inexpensive ones. That distinction is everything. A network processing seven transactions per second must eventually charge a great deal per transaction if fees are expected to support its miners. A network processing millions or billions can charge almost nothing per transaction and still generate enormous aggregate revenue. Bitcoin was meant to make small, casual payments practical without a trusted intermediary. It was meant to compete with payment systems by being cheaper, faster and more open—not by becoming a digital vault whose entrance fee exceeds the value of what many people wish to send. The original vision was low-cost cash for everyone. BTC replaced that with artificial scarcity, high fees and the curious doctrine that a payment system becomes more successful as fewer people can afford to use it. That is not scaling. It is exclusion wearing a monetary costume.

I have created a CLARITY Act meme collection. This is the biggest surveillance bill in American history. As they try to get it close to passage, it gets even worse. Spread the message. Share these memes with all of the politicians and lobbyist parasites who are selling your free will for fake promise that it will temporarily pump your bags.

This is why you shouldn’t vote for it. Our money is already tracked, programmed, and censored. Now, this will be applied to digital payments and assets (everything you own). CLARITY Act = Digital Prison

THE GENIUS ACT WAS THE TRAP. THE CLARITY ACT IS THE CAGE. They told you regulated stablecoins were about "safety." Watch what they actually built. 1/ Genius Act forces stablecoins to be backed by US Treasuries only. No gold. No crypto. Estimated 3 to 4 trillion in new government debt sold to back them. 2/ The new Clarity Act gives the government power to seize, freeze, or burn your stablecoins at will. 3/ It also lets them force you to swap one stablecoin for another. Don't like USDC? You now hold Tether. Or whatever politically connected coin they pick next. This isn't regulation. It's a leash. Watch the full clip.

@AaronRDay These are great posts Aaron. Please keep them coming.

Lithuania got 2.8 million people onto a single digital identity before most noticed the switch. This is the EU Digital Identity Wallet's proof of concept, and it works exactly as designed. Every ID card issued since 2021 carries fingerprint biometrics as standard. The "M. Parašas" mobile eID crossed 1 million active users in 2023, fusing government services, banking, and healthcare into one credential. In 2024 Lithuania volunteered as an early adopter of the EU Digital Identity Wallet pilot, wiring cross-border integration with Estonia, Latvia, Poland, and Germany through eIDAS 2.0. The architecture does not stop at a border it was built to cross. Border surveillance runs on AI systems bankrolled by €12.3 million in EU Internal Security Fund grants between 2021 and 2024. Facial recognition stalled after the 2022 Seimas debates, but the infrastructure sits idle, not absent. The Bank of Lithuania operates a digital euro pilot zone and treats MiCA-compliant stablecoins as CBDC-equivalent rails, 47 fintech sandbox applications processed since 2018. Freedom House rates the place 89/100. Three holding companies control 70% of national media, which is presumably why you are hearing about the wallet from me and not from them. Ranked 122 of 197. The score is accelerating.

What do you mean "this stage"? And your question of who can change it is irrelevant. The fixed quantity of tokens within the ledger is what disqualifies the thing from providing a monetary solution. This probably confuses you if you have read a lot of Bitcoin propaganda. Not many seem to understand but I do my best to explain here thebitcoingambit.substack.com

@BitcoinGambit @AnHonestNode @JoelHodlman Whether the supply of units is limited or not is not the right question (at this stage). The right question is: who can change the supply of units? We can debate whether a fixed supply is superior to an unlimited supply further down the line.

@5and2fish_bw @AnHonestNode @JoelHodlman The ledger entries represent the movement of limited issue tokens. I don't see how that is hard to understand, you are the one schilling Bitcoin not me.

@BitcoinGambit @AnHonestNode @JoelHodlman What does that mean? "limited issue tokens to use it"

@benonwine Until we are gone it seems

A man crosses the Channel in a dinghy. No skills. No money. No intention of working. Then he brings over 22 family members. None of them work. None of them contribute. All of them refuse to. And what does the British taxpayer get told to do? Hand over three large properties for free so the whole family can live off the state. This isn’t compassion. This is a system being deliberately exploited while working people struggle to pay their own rent and bills. These migrants that come and have no skills or intention to work are a drain on this country’s already stretched resources. How much longer are we expected to put up with this?

@AnHonestNode @JoelHodlman @5and2fish_bw He just said *honest" the writing is there. I guess the truth does sound moronic to those who fail to see it. An honest ledger does not require limited issue tokens to use it.

@BitcoinGambit @JoelHodlman @5and2fish_bw He said “honest ledger” But, you just put together the most moronic reply ever

@AaronRDay I see masses cheering for stablecoins as "adoption". Bitcoin really did a number on the American people.

Good news - the odds of CLARITY passing are dropping.. I have very little faith in Congress though. These people are easily bribed and lacking in basic integrity. If more people read the bill (or had Ai analyze it), people would be rioting against it.

@maneco1964 Correct

@AP_Abacus If you want money, real sovereign money, and to preserve your purchasing power, that would be gold. You want to gamble on computer game tokens, that would be Bitcoin.

An inconvenient truth. Tradfi always wins. Over the next two years 'crypto' will simply be banking. Yes, innovation will have made a dent via tokenization, 24/7 markets, and settlement; but pure play crypto projects are going to really struggle. Buy Bitcoin.

1865..... that's the year collateral changed from cotton and slaves to opium. By now, some of you figured out that 95% of the news you read from legacy media or on #Twitter are utter nonsense... serving some interest. That's even worse when you think you are reading history because of the compounding of lies. For example... Civil War of USA.... 620k Americans killed each other because good people of North wanted to help their Black brothers and save them from slavery. Do you really believe this? Same great people of Northern States had no problem returning back Blacks to slavery when they escaped to North just a few years before the war started. They suddenly have change of heart. Nearly all the banks were established in the North... and they had no problem supporting the rich people of South, finance their trades and even mortgage their slaves. In fact first mortgage backed securities were structured to mortgage slaves.. insurance firms insured those slaves... all in the North... then suddenly they all wake up and wanted to do the right thing and lived happily ever after... History u read so far in your lives are mostly junk. 4 million slaves in 1860 was the biggest collateral in USA, worth 20% of US GDP... today worth $6 Trillion ... biggest asset. If Eastern Establishment and their banks were not invited to join the opium trade after Civil War ended with the destruction of the biggest asset in USA, there would have been no bank left in USA. U can understand the real story of Civil War only if you follow the cotton, the biggest export item for USA, why that needed slaves and the role of cotton and slaves in international trade and banking and how banks survived at the end. Remember... Libor blew up in 2007 because collateral changed from petrodollar to Chinese labor in 2000... and #China opted out of London Interbank market and kept its surplus in US Treasuries until 2017... and halved since then. Money Cartel could not find a new collateral like they did in 1865 and after Libor blew up, they decided to fund their system with overnight make-believe money. Just like how Libor blew up, this time the sovereign bonds are getting ready to blow up because there is no real collateral in the system like slaves or opium or oil... Does China try to accumulate and use the collateral against the West? Not really... China's plan is to use all excess surplus to acquire more industries. China does not care about stock prices or valuations. They simply want to dominate ... like they did in rare earth, steel, EVs, solar panels... and now AI... make it cheap, destroy the competition, own it all. This leaves no surplus to the West which has only a casino left to play with overnight make-believe money. It is in China's interest to have USA waste more money in military adventures while it has no surplus capital. China cannot lose #Iran but it is in her interest to prolong it as much as possible. It is in China's interest for US Corporations to waste as much capital as possible in worthless datacenters for the same reason. If you can understand that there is no cotton, slaves, opium or oil left to accumulate capital anymore, you will see where all this are heading no matter how many trillions of dollar US stock market is worth. Famous Dutch East India Company, VOC, was worth $8 Trillion in today's money in mid 18th century... before the end of century, it was gone....worth nothing. It stopped accumulating capital long time before it collapsed but no one realized until very end. USA lost accumulating capital by 2000... and reached its peak usage of energy per person in 2004... it is just gimmicks and show now.

@WOLF_Bitcoin_ He doesn't understand what money must do to work. Neither did Satoshi. Bitcoin is not money.

🚨 MICHAEL SAYLOR ON WHY HE IS CERTAIN BITCOIN WINS: "It's perfect money. It was engineered to win." On how he knows: "How do you know the plane's gonna fly? How do you know the gun's gonna fire? How do you know the stairs are going to work? Because I'm an engineer. That's what engineers do. We build stuff. We build rockets." Most Bitcoin bulls argue from economics or history. Saylor argues from first principles. The protocol was designed correctly. Correctly designed systems work. That is the entire thesis.

@BSCNews What industry? Gambling on computer tokens? Wise up.

"Dead on arrival" has been the answer to every crypto bill for five years now. Opposing this draft is a position. Offering no workable alternative while the industry moves offshore is also a position. Which one ages better?

@michaelmezz Did not study history or the history of money then.

I love when people reply to my posts saying I “must have flunked out of economics” When in fact, I graduated with distinction from Stanford Econ (with a 4.0 GPA) lol The reason I’m a socialist is I studied this topic deeply & realized socialism is needed to build a better world