Essence of Bitcoin

@bitcoinbaytpa Happy Bitcoin Pizza Day!

Happy Bitcoin Pizza Day! ⚡ On May 22, 2010, the first real-world Bitcoin transaction took place: 10,000 BTC for two pizzas. What seemed small at the time became proof that Bitcoin could be used as money! We continue to onboard businesses here in the Tampa Bay area to build a circular economy. Come join us tonight to celebrate Bitcoin Pizza Day and the progress we've made since 2010! See you tonight at 7pm at our office HQ!

@mrdevdotnet thanks for setting this up!!

Happy Bitcoin Pizza Day!

@bitcoinbaytpa @joseph_welbourn Congratulations Joe! and @BitcoinBaytpa Keep up the great work! Love all you’re doing for the Bitcoin Community!

𝗢𝘂𝗿 𝗧𝗲𝗮𝗺 𝗶𝘀 𝗚𝗿𝗼𝘄𝗶𝗻𝗴! 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗕𝗮𝘆 𝗙𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗽𝗹𝗲𝗮𝘀𝗲𝗱 𝘁𝗼 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲 𝗝𝗼𝗲 𝗪𝗲𝗹𝗯𝗼𝘂𝗿𝗻 𝗮𝘀 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿. @joseph_welbourn Joe is the Founder and President of Carbon Marine, a Tampa-based manufacturing company he launched in 2007 and has led for nearly two decades. A dedicated Bitcoiner and advocate for sound money, Joe brings deep experience in entrepreneurship, disciplined cash-flow management, and helping small businesses adopt Bitcoin through the Profit First framework. Joe has been active in Bitcoin Bay Foundation operations and is committed to advancing Bitcoin education, adoption, and community leadership across Tampa Bay. Please join us in welcoming Joe to this new role!

Hilarious!

@DavidFBailey That line was the worst! So glad you got that worked out now!

In wynwood right now. Who remembers the insane line for Bitcoin 2021? Good times…

Normie Logic: "The national debt is someone else's problem." Reality: The US is paying over $1 trillion in annual interest on its debt. More than the entire defense budget. More than Medicaid. The only way out is inflation? Your savings, wages and your investments take the hit on a schedule set by the same people who ran up the tab. You didn't vote for the debt. You're paying for it anyway. This is why bitcoin exists.

The natural state of the economy is deflationary (thanks Jeff Booth)… …in that we get better, faster and more efficient at making stuff. So why do things get more expensive? The truth is they don’t. The money gets weaker but your wages don’t keep up, so you’re getting structurally poorer because the system is based on debt and monetary expansion. Own assets. Buy Bitcoin. Or get poorer. Don’t shoot the messenger.

Bitcoin isn't real! It's not physical! Yeah? Neither is the number seven, but I bet you'd notice if your bank balance dropped by seven figures. Let me break the spell for you: money has never been "real." Money is a collective hallucination—a social construct we all agree to pretend exists so we don't have to barter chickens for dental work. Gold wasn't money because it fell from heaven with "LEGAL TENDER" stamped on it. We picked gold because it was the least-bad physical object that checked the boxes: - Scarce - Durable - Divisible - Portable - Verifiable It was the analog solution to our shared idea. But here's the thing about analog: it's slow, heavy, and requires armed guards. And here's the thing about humans: we engineer better tools. We went from abacus to iPhone. From carrier pigeons to satellites. From gold bars locked in vaults to Bitcoin—verified by thermodynamics, secured by energy, and transmitted at the speed of light. Bitcoin is the digital versioin of money. Just like X is the digital version of town hall. Gold was the best we could do for many centuries. Bitcoin is what we can do now that we have cryptography, distributed consensus, and proof-of-work anchored in physics. Your grandpa trusted gold because he could hold it. You trust Bitcoin because you can verify it. One required faith in a metal. The other requires faith in math. Guess which one has never been debased, diluted, or confiscated by executive order? The concept of money is a human mental construct. Always has been. Always will be. The only question is: do you want your construct built on scarcity enforced by governments—or scarcity enforced by code? Gold was monetary technology for the industrial age. Bitcoin is monetary technology for the information age. Welcome to the upgrade.

A little econ 101 for the silly socialists. The natural state of the economy is deflationary. As humans we innovate, we become more productive so everything ‘should’ get cheaper to produce. Well it does, everything you see getting more expensive is getting cheaper to produce but the inflation of the money supply is causing prices to go up. So what is the mechanics of this, the two primary ones are: 1. Governments keep running deficits because democracy rewards them for lying and spending. 2. Banks create money out of thin air through lending and the people closest to credit get it first. Asset prices pump and wealth shifts toward those who already have assets. When things go up in price, say energy due to war, this is not inflation. Some politicians say it is, but they are lying or stupid. That’s a supply shock. Inflation is always and everywhere a monetary phenomenon. Inflation is good for the state, it wipes away their debt. The mechanics of inflation are good for the rich, because they have assets. Inflation is terrible for everyone else - products get smaller, ingredients get worse and prices go up. It’s how companies manage inflation. Inflation forces dependency policies so people can scrape by - minimum wage, energy caps, renters rights. They are demanded by the public. But this the slow hollowing out of society, it is what breaks everything which is good. It puts pressure on a system which takes us from high trust to low trust. Why do I make fun of @zackpolanski and the socialists? Because they will run this experiment on crack. The Green’s model as far as I can see is: - Attack the productive class - Reward the unproductive class The problem with this is the rich will leave, the ambitious may leave and they will face the same question as both Labour and the Conservatives which is how do we pay for this? They will either have to raise taxes or borrow (print) more money, which accelerates the problem. So we will get lower productivity, higher taxes, more borrowing and guess what, more inflation. This is the exact mechanics which have destroyed every socialist state. I get it, socialism sounds warm and fuzzy - nobody should go without, free stuff for everyone. But the end result is poverty and misery, as it has been every single time. If you want jobs, good, medicine then you need a growing and prosperous economy which means unshackling the entrepreneurs. There is no other option on the table. It is the only thing that has ever worked. I haven’t voted in three elections. I will only vote if someone comes with a real economic plan which means a chainsaw to the state and driving growth.

If you missed our founder @CJKonstantinos at Bitcoin Vegas 2026 We announced our official launch going live July 4th! @TheBitcoinConf #WeThePeopleDay ⚡ Build Wealth Smarter.

Sitting on $500K in cash? In a bank: melting in real terms In T-bills: barely keeping up In $BTC: volatile, untouchable for bills Bitcoin Bond: •Principal protection •Asymmetric upside •Borrow against 100% of par value for liquidity (BBLOC) Idle capital is a tax you pay to inflation ⚡ Build Wealth Smarter.

Renting a $3,500/month apartment for 10 years = $420,000. Zero equity. Zero upside. Pure extraction. What if that same $3,500/month went into a Bitcoin Mortgage Reserve on a $500K home? → You own the home today → Your $BTC escrow compounds in the background → At 30% CAGR, debt-free in ~9 years Rent = $420K evaporated. BMR = $500K asset. Your rent is already paying off someone else's mortgage. Might as well pay off your own ⚡ Build Wealth Smarter.

@BitcoinRachy @PeoplsReserve can help you get the house and keep the Bitcoin! Best of both worlds!!

My wife wants me to sell my Bitcoin and start building a new house for us. What should I tell her?

@Lina_rays1ya @MartyOqan Anyone older than 50 has surely done all these things.

7 for me!!….I feel confident nobody Has all 20!!! How many for you?🤔🤯💬

@jackmallers @ayneddie What great news! Congratulations!

@girls_bitcoin Oh no. So sorry Mel. Cherish the memories.

I lost my Mom today. I’m going to miss her very much. Mom and daughter below. 👇 I’m very sad. 😔

An open letter to @ProfSteveKeen regarding your recent comments about Bitcoin and Bitcoin mining. Respectfully, I have listened to your comments on Bitcoin mining and it is very clear that you have no understanding of how Bitcoin mining works. This is not a hill you I believe you should be seeing your reputation die on. Specifically it is very clear that you have no understanding that it is a flexible user of energy that does not rival other energy users for its power, no understanding of the well established ability Bitcoin mining uniquely has to monetize otherwise wasted renewable energy, no understanding of how Bitcoin mining obviates gas peaker plants, and no understanding of the unique role Bitcoin mining is playing in methane mitigation. You also appear not to understand that these facts are not some pot pouri of greenwashing claims from "Bitcoin supporters" looking to defend their assetclass but datapoints that have been repeatedly established in 24 peer reviewed journals, and 8 independent reports (including Cambridge University) Your characterization of Bitcoin supporters as not understanding the interrelationship between global warming and energy dynamics is as patronizing as it is a reconfirmation of your own lack of research, given there are a number of committed environmentalists, climatetech investors and climate scientists who are avid supporters of Bitcoin mining precisely because it already can and is incentivizing renewable energy transition and methane mitigation at scale. You also appear ignorant of the fact that the first generation research on Bitcoin mining that suggested environmental harm was debunked in peer reviewed study in 2023 and that is why the media has not quoted this study since. Finally your contention that Bitcoin is "going to zero" because mining will become unprofitable shows again an appalling lack of basic understanding of the economics of Bitcoin mining. Bitcoin mining companies are able to earn ancillary revenue through any number of means, they may be vertically integrated, they may mine using last-gen machines on stranded solar/wind, they may mine offgrid on otherwise wasted power sources such as landfills of oil&gas fields, they may be nation states such as Bhutan using Bitcoin mining on their otherwise surplus hydro energy. These unique abilities of Bitcoin miners mean that far from being at risk, Bitcoin mining is by far the most resilience industry in the face of rising energy prices. The mere fact that Bitcoin mining exists and is growing in EU despite already very high energy prices is proof of Bitcoin miners' resilience to rising energy costs that affect other industries far more. Your opposition to Bitcoin, and Bitcoin mining, appears more motivated by regret aversion, a well documented psychological phenomenon where someone who "misses out" rationalizes that "there was nothing to miss out on" rather than engage in genuine intellectual curiosity and humility by revisiting their decision, and this is leading you to invest an inordinately large amount of time dismissing a technology you have made an inordinately small amount of time trying to understand. When someone of your standing in the field of economics talks so dismissively about a domain they have spent so little time seeking to understand, it does not weaken that domain, rather it weakened 1. your reputation 2. people's general trust in economists 3. the extend to which we esteem people in society with the title "professor" If you want to continue to erode the reputation of all three, you are welcome to do so. Bitcoin does not care. Bitcoin miners will continue to stabilize grids, monetize wasted renewable energy, mitigate methane, obviate the need for gas peaker plants with or without you. But if you ever decide to re-allocate a small fraction of the hours you have spend dismissing Bitcoin mining into understanding how the technology works that you are dismissing, I would be more than happy to connect you to any number of utilities, renewable energy experts, methane mitigation specialists, climate scientists, climatetech investors or battery engineers who can explain to you why Bitcoin is an essential part of solving the exact issues you claim to care about. Daniel Batten Environmentalist, Climatetech investor, Bitcoin mining analyst

I don’t understand how any “economist” or “financial advisor” can “have very little interest in it…”. Isn’t it literally your job to educate yourself on these things? Bitcoin is the fastest growing, best performing asset OF ALL TIME! And you have “no interest in this?” Just STFU.

@DSBatten I'm not staking my reputation on it. I have very little interest in it, but I'm forced to answer questions about it on podcasts, so I do. I see it as ineffective for transactions, and in the long term, ineffective as a store of value as well.

@carlabitcoin So much love, prayers and support out here for you and your precious baby.

Hi fam. Thank you for all the love and prayers 🧡 it’s truly a miracle the baby and I are alive right now and I’m so grateful to my husband and medical team for making that happen. I’m in an enormous amount of pain and honestly having a hard time staying positive. I have an intense few months ahead of me with a healing and growing belly, and then delivery and whatever comes with that, and I just gotta say it, I’m scared. Scared, grateful, scarred, blessed. Everyone keeps telling me how tough I am but I don’t feel that way right now. Anyway, the only way forward is through and I just wanted to let you guys know how much your messages and well wishes have meant to me during this insane time in my life. So much love to all of you, this too shall pass 🧡