Hello, fellow rebel capitalists, hope you're well.

So I wanted to go over a Twitter thread. I just put out this morning,

and there's kind of this theme that's been going around the crypto or the Bitcoin Twitter space is it.

George doesn't get it. George doesn't get it. George doesn't get it.

I know there's a lot of you that watch this channel that are really into

Bitcoin. So I think it would be valuable for all of us really, whether we're

Austrians, whether we associate with that school of thought or maybe you consider yourself a gold bug or you'd consider yourself a

Bitcoin

Maximalist or something like that. I think there's something valuable we can all learn from this thread. So let me get into it, but just understand that this is on the backdrop of the Bitcoin community as a whole

obviously not all of them but as a whole saying well George doesn't get it and a lot of the kind of

Bitcoin gurus I think have said this as well so let's see here it starts off and I'm going to read this to you because if you're not

familiar with Bitcoin or even if you are or even if you're a gold bug even even if you're

an Austrian I think this is kind of a way to maybe further your

understanding as far as the principles of sound money.

And I'll go and read this to you and then I'll give you some conclusions here at the end.

So let me attempt to articulate the view of most Bitcoin Maxis.

Throughout time, something we have seen over and over is government king ruler debased money and when they debased money this usually leads to collapse in society more recently we've seen this play out in the United States especially since the creation of the Federal Reserve, the government, with the help of the Fed, has printed money consistently because the supply of money increases this, because the supply of money increases, this creates inflation, price

prices price increases.

Constant inflation is a hidden tax because it steals purchasing power

away from people who hold money and worse,

it steals the benefit or benefits of price

deflation from society that would have been produced by the free market

...