As some of you may have noticed, I deleted my Twitter handle. #ripfrito2x. I was humbled and honored by the outpouring of tributes and posts surrounding my exit from BT. Love you all.
I was content with my time plugged back into the fiat matrix. Life was fantastic, as long as I continued to avoid the news or other people. The steak wasn't real- but I didn't care.
I knew it couldn't last.
Much respect to Phil, Walton, and Pirate who stood tall in the fire and continued to fight on the right side of history during the bear market. That is incredibly hard to do. Bear markets are soul sucking. We tend to tear each other apart over all kinds of bullshit such as which politician is going to harm us the least or “medical” debates. We lost sight of the war. We lost sight of the life and death necessity of sound money. Secure money. Hard money. A political money. Unfuckable money. However you want to say it. If we don’t assure secure money, private property will be abolished, our kids will be debt slaves, and divide and conquer will win.
When Phil and Walton begged me to return to the scene and contribute to Pleb Underground, I knew the choice was not mine to make. I had to serve. When they said we would be humbled and honored to have you around, I said okay fine whatever. So here we are. But I told them- as I'm telling you- don't expect me to spend time thinking or editing. I ain’t about to get good at spelling or grammar or punctuation and this thing is going to be pretty raw. I’m going to talk about random things.
I left Bitcoin Twitter for a reason. I didn’t like what I was seeing. Bitcoiners arguing with each other over bullshit symptoms of the Fiat System- rather than uniting with each other against the actual Fiat System. We’ve been acting like normies that still believe what the media and politicians say.
We plebs need to be smarter and stop falling for divide and conquer. We need to stop falling for algorithms playing us like puppets. We need to be united in the only war that matters.
Bitcoiners have been distracted from the primary mission statement of protecting monetary truth signal. You don't like the science and the media being bought and paid for and you want to preserve your right to bear arms? Well it actually doesn't really help to talk about those things. One cannot fix the world with a foundation of broken money. Private property rights must be secured before we can even worry about any of that in any effective way. We need to return our minds to fixing the money. If we disagree with each other about any of that other stuff, it doesn't matter at this point. It would really benefit all of us to refocus and be on the same page right now.
Coinicarus just posted a fun video about “crypto flexors”. There's a little boy with sunglasses who acts like a rapper and flaunts all of his wealth. He has a fun “choose rich” catchphrase. I actually don't mind this guy and I could watch him all day long. People that act dumb and flaunt dumb ideals target lazy people and I have no problem with this. If my neighbor wants to be entertained by catch phrases and buzzwords rather than spend a little time seeking truth, then he probably doesn’t deserve to Cantillon the rest of society. The “choose rich” guy is not creating noise that in any way interferes with signal. The people on Twitter that have .eth at the end of their handle (signaling their mental deficiencies) are fine. If somebody yells “raise your hand if you want to be scammed” and you raise your hand, then I don’t feel bad for you. The crypto scammers are fine and their actions are fair game.
We need to redirect toxicity towards the real enemies in this war- the overlords who are abolishing private property rights and want us to own nothing and be happy. The Fiat overlords and their agents are our common enemies.
It's the intellectuals that understand but still withhold truth from us that cause the most harm. I like to call these fiat overlord covert operatives the 90% truthers. Bitcoiner toxicity should be directed at the 90% truthers. The influencers who preach enough truth to be given the benefit of the doubt when they accidentally leave a curious door open for scams to be associated with bitcoin. The people smart enough to understand what is at stake- yet can be bribed to conflate scams with freedom’s only hope. The ones who market interesting tokens. The ones who write books about interesting software projects. The ones who quote the “crypto” market cap when asked about bitcoin and want to charge you 10k for password storage. The ones who host these scammers on podcasts just to make sure we all understand their side of the story. The ones who hire curious scammers as spokespeople and continue to associate with them. The companies that host shitcoin conferences disguised under the bitcoin brand. The people who think there is still a place in your portfolio for shiny rocks. The modern day philosophers who are somehow based about every single societal issue except the money.
Unlike the crypto flex bros, the 90% truthers are not stupid. They are just incentivized to pretend that they are merely intellectually curious. They plant questions where there should be no questions. These are the people that are the most dangerous and harmful to our friends and family. These people are the reason your friends and family still ask ask about environmentally conscious blockchains and the dangers of bad people being allowed to use their money. There is a place for toxicity. Plebs need to stop attacking each other about dumb stuff that doesn't matter, stop attacking stupid crypto scammers that don't matter, and start attacking the 90% truthers who are the real agents of signal destruction.
At least stop gargling the balls of 90% truthers. Pro tip: If an early day bitcoin influencer tells you that he needs you to donate money to him so he can pay rent, either he didn’t believe what he was telling you then or he is lying to you now. You decide.
Bitcoiners have been swimming circles around gold bugs for more than a decade. We are the best investors in the world. Scoreboard. Why are we so desperate for attention that we think it’s exciting when big gold investors start seeing bitcoin? Oh, now you think both gold and Bitcoin have a place in your portfolio? OK then. Look, if you’re not fully admitting gold is a useless shiny rock shitcoin, then you are wrong. People who followed this advice now have half Bitcoin and half shiny rock.
No, gold and bitcoin are not both winning. In the last 11 years golds price has gone up a little and gold bugs are taking a victory lap. Gold price has certainly not kept up with fiat supply expansion. Meanwhile, bitcoin's price has gone up about 200x. The gap is only widening. It’s a boat race. You are better off buying silver in case werewolves attack your family than buying gold. It drives me crazy that these guys aren't humble enough to admit how badly they fucked up. Telling people that they should adopt a combined gold and bitcoin strategy that loses half of their wealth does not deserve to be considered an impressive track record when compared to that of an actual bitcoiner.
I don't think these guys should get to take the credit of being gold bug pioneers transitioning to the new system, while at the same time not just admitting that they were wrong for many years and this error cost their investors half of their wealth. Is keeping half of your wealth (as measured in bitcoin) better than average performance? Sure it is. But at least be humble enough to say, “You know what I was half right, but the actual bitcoiners figured it out first because they were more intellectually honest than me.” I don't hear this coming from these guys.
What are we doing letting these people conflate garbage with Bitcoin? No Charlie Lee. Full stop. Gold is not the silver to bitcoin's gold. Gold is the enemy. We are going to suck all of the blood out of gold until its body crumbles lifelessly at our feet. Gold bugs who see a role for bitcoin in their diversified portfolio are costing their followers legacy wealth. We should not enable them. They have been wrong this whole time. Let’s not put them on a stage with GigaChad just because we're desperate for attention. Stop being the class slut and make self respect a thing again.
Also, I’ve noticed recently some influencers are including “OG” in their profiles. OMG get a life you dorks.
Love,
Frito