Peter Tew
63 posts
@chriskent23 @OwenBenjamin Kindly provide us a concise explanation then. Owen explained the value of gold, land, and tractors in maybe a sentence each. Can you do the same for the value of BTC?
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@OwenBenjamin Unfollow. I don’t follow stupid people. Bitcoin has been around 17 years and you still don’t understand it. You deserve your fiat that the government can continue printing into oblivion. That system is way better you should stay on it.
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My thoughts on bitcoin and how it reflects epsteins view of humanity. When you actually say it out loud he kind of has a point in a way.
Michael Saylor@saylor
The Rules of Bitcoin 1. Buy Bitcoin 2. Don't Sell the Bitcoin
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BREAKING: Michael Burry warns Bitcoin’s decline will wipe out significant value for companies holding large amounts on their balance sheet.
He says BTC has failed as a safe haven like gold and behaves more like a volatile stock tied to the S&P 500. Aggressive holders face bankruptcy risk as it continues to fall, potentially triggering broader market turmoil.
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@paleochristcon @RCAM_Media Because then they get to pretend they’re not degenerates and hypocrites for failing to live up to a higher standard.
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@bowtiedstocks @KobeissiLetter Whole lot of insults directed your way but not one person actually answered your questions. That’s an answer all in itself.
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BREAKING: Bitcoin falls below $82,000 as $750 million of levered longs are liquidated in 60 minutes.
$1.75 billion worth of levered crypto longs have been liquidated today.
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Hollywood has perfected the art of placing the compelling and reasonable argument into the mouth of the villain to such a degree that leftists have been trained to associate rationality with nefarious intent.
Owen Shroyer@OwenShroyer1776
Women should have to watch this in school.
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I wasn’t trying to be sarcastic. I have seen this “BTC requires so much energy” argument many times and am trying to understand it. @theswansjr posted his takes on it in another thread.
The BTC mining energy isn’t really the value as I understand it now. It’s the idea that the ledger system would simply be too costly to corrupt using current computing technology. So the real value isn’t the coins themselves but rather the ledger saying who owns how many coins (or satoshis; not sure how to spell them).
Which makes me think the entire system still relies on the value of a USD (or whichever fiat the BTC owner lives under) to operate. A bitcoin still remains inherently worthless, but it does a fantastic job of saying “you own this much BTC which translates into this many current units.” It seems like a fantastic ledger system but the BTC itself cannot serve as money.
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@PCT2 @bitcoin21_shop @saylor @LaDoger No you can't, these people believe in magicical BS in truth, it's massive energy wasted but you were prolly being sarcastic and knew this heh
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Ok so the argument is that the ledger system uses vast quantities of energy making the ledger secure because attacking that security would require a massive amount of energy (or a new form of computing) making the ledger itself practically incorruptible.
So it sounds like you’re making the argument that blockchains are the most secure way of recording transactions and who owns what amount of wealth rather than making the argument that BTC is in and of itself valuable. It sounds like BTC is a fantastic ledger system built on USD (and other currencies) because it prevents centralized powers from corrupting the ledger in their favor as is done within the global banking system.
Am I understanding this correctly?
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@PCT2 @operationbadass @PeterSchiff It's a good question. Check out these two posts:
x.com/theswansjr/sta…
x.com/theswansjr/sta…
Jeff Swanson@theswansjr
Bitcoin isn't "protected" by some IT guy in a basement with a firewall and a prayer. Bitcoin is secured by raw, industrial-grade energy—the kind that powers cities, melts steel, and turns theoretical attacks into financial suicide missions. You want to hack the ledger? Cute. Go ahead. First, you'll need to outspend the entire global mining network in ASIC hardware. We're talking hundreds of millions to low billions just to build your attack infrastructure. Then you'll need to power it. That's tens of thousands of dollars per hour in electricity—assuming you can even source that much juice without triggering a small-scale energy crisis. And here's the kicker: you still lose. Because even if you pull off this billion-dollar heist for one glorious hour, you've simultaneously destroyed the value of what you just stole, torched your entire capital investment, and missed out on the honest mining revenue you could've earned instead. This is proof-of-work at its finest—a self-defending protocol that weaponizes thermodynamics against attackers. No backroom deals. No central authority. No "please don't hack us" regulatory prayer circle. Just math, energy, and the cold economic certainty that attacking Bitcoin costs more than Bitcoin itself. Gold wishes it had this level of defense. Fiat literally can't comprehend it. And you? You get to hold the most secure asset in human history guarded not by men with badges, but by the laws of physics. Bitcoin is secured by energy.
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"Bitcoin has no intrinsic value. Gold does!"
Oh, does it now?
Let me blow your mind: 95% of gold sits in vaults doing absolutely nothing.
It's not powering electronics at scale. It's not being worn. It's just... sitting there. Because humans decided it's valuable.
That's not intrinsic value. That's monetary premium.
The exact same thing Bitcoin has. Except Bitcoin does it better:
• Harder to confiscate
• Easier to verify
• Impossible to counterfeit
• Infinitely divisible
• Moves at the speed of light across the planet
The "intrinsic value" argument is pure copium. If jewelry demand vanished tomorrow, gold would still be valuable—not because you can make circuits with it, but because of its monetary properties.
Just like Bitcoin.
"Gold will be the reserve currency!"
The gold standard failed. You know why?
Because governments couldn't print their way out of wars and welfare programs while on it. So they ditched it.
They called it "flexibility." I call it theft.
"Moderate inflation (~2%) is good!"
Good for WHO exactly?
Not savers. Not workers. Not anyone whose paycheck is denominated in melting currency.
Inflation is a hidden tax. It quietly transfers wealth from you to asset holders and everyone closest to the money printer: governments, banks, the Cantillon crew.
"But 2% is harmless!"
Really? Compound that over 30 years and your dollar loses about 45% of its purchasing power.
But wait, it gets worse.
Real monetary expansion runs closer to 6%. At that rate, your dollar loses HALF its value in roughly 12 years.
Ouch.
Bitcoin fixes this.
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@operationbadass @PeterSchiff @theswansjr Can you expand on this thought? I see the BTC crowd reference energy often when speaking about BTC and I don’t follow the logic. How do data center energy needs translate to BTC value? Genuine good faith question.
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@PeterSchiff @theswansjr Mega data centers using massive amounts of energy say otherwise.
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@bitcoin21_shop @saylor @LaDoger You can extract the energy from bitcoins mined? Genuinely trying to understand that first part of your comment.
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@StefanMolyneux It would be interesting to see the weight distribution by deciles (90-100, 100-110, etc.) age brackets, and race. I wonder if we’d find an inverted bell curve with healthy women on the left and obese women on the right throwing the averages off.
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Women don’t need to stay slender because they are married to the government - an abusive partner that takes years off their lives.
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@davisg_tweets @ClownWorld I think you misspelled "warrants a public flogging."
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@ClownWorld Driving like this absolutely warrants having your license revoked.
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@Rightanglenews @BluegrassPundit Brandon Johnson needs to prove that Chicago is safe, and stop hiding behind his 150 personal bodyguards.
Let’s go! @ChicagoMayor Let’s go!
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BREAKING - Chicago residents are demanding Mayor Brandon Johnson drop his taxpayer-funded security detail if the city is as “safe” as he claims, after it was revealed his protection includes 150 police officers, costing $22.5 million in salaries alone each year.
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This Muslim couple in Canada says they are very unhappy with the snow and feel it’s an unfriendly environment for Muslims. They claim it’s not a good place to raise a family because there are ‘few mosques’. Any advice for them?
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@kag_kraken1776 Don’t a billion high average IQ Asians kind of destroy your theory?
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@ConceptualJames This is your worst take. Go look into the vastly different application of laws between the preferred ethnicities (i.e. non-natives) and the rest. The difference is staggering.
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The exact lie I called out.
They don't want the same rules, which they have (sovereignty). They want the same outcomes that they can't earn for themselves, just like equity.
They're the ones doing the special pleading, and it's now been exposed.
Carl Benjamin 🏴@Sargon_of_Akkad
Our government is against us, Israel's government isn't against them. It's that simple. Now, because of our government's betrayal, we must think outside of liberalism to recover our own country. You aren't here, you don't understand this, but we do because we're living it. We want the same rules for everyone, Jim. We want a government that doesn't backstab us and attempt to ethnically replace us in our own countries. We're going to get it, too.
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@GaryAbner @GBNT1952 @grok is this quote in the picture really something that General Patton said or is it fabricated?
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The Holocaust is one of the most documented events in human history. We have millions of pages of Nazi records detailing train schedules, deportations, and executions; photographs and films taken by both perpetrators and liberators; the testimony of survivors recorded across decades; forensic evidence from mass graves and camps; and even confessions from Nazi officials themselves at Nuremberg.
This mountain of data comes from governments, militaries, victims, perpetrators, and neutral observers alike, each corroborating the same undeniable reality.
In contrast, those who claim it did not happen, or that Hitler was somehow justified in a genocide against Jews, cannot point to a single credible archive, document, or body of evidence.
Their arguments rest on speculation, distortion, and bad faith, not fact. History is not a coin flip between two equal sides, when the weight of evidence is this overwhelming on one side and virtually nonexistent on the other, denial is not revisionism, it is willful ignorance.
Question everything, but always side with overwhelming evidence over propaganda and prejudice.
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@ConceptualJames @ConceptualJames how does your framework hold up if applied to the Jim Crow South from the black perspective? How about from the perspective of Jews in Nazi Germany?
Sometimes people are oppressed.
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"People like me (in my identity category) can't [buy a house; get ahead; win; have a good life] because of [white people; men; women; Israel; Jews; minorities; straights; gays]" is Woke thinking.
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@PCT2 @ConceptualJames I also think it’s high time Lindsay refute Tucker’s equally valid, serious point that a demon attacked him at night and scratched up his belly.
Instead he acts as if Tucker is just grifting for gullible, imbecilic suckers
The nerve of him!
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