octoshi ⚡️ (₿/acc)

Jack Dorsey just admitted Block is "reluctantly" supporting stablecoins after years of insisting bitcoin should be the internet's native money this is a bitcoin purist surrendering to market reality in real time on the record and I respect the honesty because he's right that bitcoin should be the native money protocol and the market is right that stablecoins are what people actually use for payments right now but the stablecoins are the trojan horse every stablecoin wallet is a future bitcoin on-ramp every person who gets comfortable holding USDT is one step away from holding bitcoin the infrastructure that moves dollars moves bitcoin Dorsey is watching the adoption path take a detour through stablecoins before arriving at bitcoin anyway he'd rather be the wallet people use for BOTH than the wallet that only works for the final destination that nobody's ready for yet

Lightning is Bitcoin.

Peter Thiel: If you graduated in 1970 with no student debt, compare that to the millennial experience: too many people go to college, they don’t learn anything, and they end up with incredibly burdensome debt. Student debt is a version of this generational conflict that I’ve talked about for a long time. The rupture of the generational compact isn’t limited to student debt, either. I think you can reduce 80 percent of culture wars to questions of economics—like a libertarian or a Marxist would—and then you can reduce maybe 80 percent of economic questions to questions of real estate. It’s extremely difficult these days for young people to become homeowners. If you have extremely strict zoning laws and restrictions on building more housing, it’s good for the boomers, whose properties keep going up in value, and terrible for the millennials. If you proletarianize the young people, you shouldn’t be surprised if they eventually become communist.”

Bitcoin is money

Can’t retweet this often enough: Bitcoin’s purpose is payments—store of value is just a neat byproduct.