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Saifedean.com Profile picture
Saifedean.com
@saifedean
Author of The #Bitcoin Standard, out in 24 languages. Working on the sequel, The Fiat Standard & an economics textbook. Subscribe to receive new chapters weekly
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Oct 5, 2018 • 4 tweets • 2 min read
Seriously people, stop saying blockchain. It means nothing and only signifies you repeat words without understanding what they mean.
medium.com/@nic__carter/b… Not every attempt at making wings creates an airplane.
Sep 21, 2018 • 4 tweets • 2 min read
The Bitcoin Standard upcoming talks:

Madrid: Tuesday Oct 2
Barcelona: Wednesday Oct 3
Milan: Thursday Oct 4

Stay tuned for details! Details for my Madrid talk at the @frdelpino :
frdelpino.es/conferencia-ma…
Sep 3, 2018 • 5 tweets • 2 min read
Mises on gold 70 years ago, equally applicable to bitcoin today:
"If one looks at the catastrophic consequences of the great paper money inflations, one must admit that the expensiveness of gold production is the minor evil."
mises.org/library/human-… Read the whole paragraph... Part 1
Aug 8, 2018 • 4 tweets • 2 min read
To everyone telling me this massacre of shitcoins vindicates my view that they're all useless, it doesn't yet. Every shitcoin with a price, any price, is still wildly overvalued. They're still closer to their top than to their bottom. We're still in the mania phase if ETH is > $1 Over the last 4 years I've heard every single argument & snarky analogy for shitcoins your favorite scammers have sold you. I have no interest in wasting more of my life on this stupidity. I don't owe you my attention & will immediately block anyone spamming me with this garbage.
Aug 2, 2018 • 6 tweets • 2 min read
The cause of the US trade deficit isn't "unfair trade", but the dollar being used as global reserve currency, ensuring endless demand for it and allowing Americans to finance an ever-growing 'deficit without tears'.
aier.org/article/real-r… One of the many problems of government money is that it's unworkable internationally. Network effects mean one govt's money will dominate globally & now the entire world economy is subject to the whims of its political system. Bitcoin is the only workable solution to this.
Jul 19, 2018 • 4 tweets • 2 min read
To everyone concerned about Bitcoin development: If you're willing to hold bitcoin then you clearly find the status quo of Bitcoin development to be acceptable and should stop concern trolling.

Jul 12, 2018 • 17 tweets • 5 min read
In honor of Croatia reaching the World Cup final, a tribute thread to Croatian football from a long-time admirer.
It started in 1990, as a Brazil fan heart-broken by Argentina robbing Brazil in the 2nd round, I wanted Yugoslavia to beat them in the quarter-finals. In spite of playing with 10 men for most the match, Yugoslavia came very close to winning on penalties...
Jul 6, 2018 • 4 tweets • 2 min read
The Final Boss commands you to stop all your bitcoining. Central bankers today have as much self-awareness as understanding of sound money.
Jul 4, 2018 • 4 tweets • 2 min read
Reminder that socialists are always the same: fawning over every bloodthirsty megalomaniac until he completely destroys his society, at which point they declare it "not real socialism" and move on to their next homoerotic tough guy crush. Socialist scumbag @MMFlint lives in a multi-million dollar gated community to protect his private property but cares so much about Venezuelans he wants them to enjoy the benefits of socialism alone. Why not live under the regime you idolize?
Jul 1, 2018 • 8 tweets • 3 min read
If your "developers" need multi-million dollar Ponzi schemes to be incentivized to develop apps that have found exactly zero commercial applications, you just might be a Silicon Valley thought leader. Hodlers are the opposite of free riders. It was ONLY hodlers buying & hodling Bitcoin that financed the growth of the network, mining security & created a liquid market on which parasites like this have launched thousands of scams with premines, ICOs & zero products or innovation
Jun 27, 2018 • 4 tweets • 2 min read
My favorite part of the World Cup is becoming the humiliating defeat of mathematical economists of banks and media. Meanwhile this entirely non-mathematical economist had this to say of Germany's chances:
thesaifhouse.wordpress.com/2018/06/15/wor…
Jun 25, 2018 • 5 tweets • 2 min read
1. Preemptively burn your bridges with any "colleagues" who want to police your thought.
2. Leave the US to a country with a functioning academia where you're paid for doing your job like a dignified human, not for loyalty, like a dog. This will sound shocking to most Americans but there are still places in the world where a university professor is paid or fired for doing their job properly or not, regardless of what they think or say outside their class.
Jun 18, 2018 • 4 tweets • 2 min read
Are you looking for a comprehensive summary of the most idiotic nocoiner propaganda against Bitcoin?
The Bank Of International Settlement's Concern Troll Division has published a compendium just for you: theedgemarkets.com/article/bitcoi… The BIS report has a new "break the internet" hysteria soon to feature with your local Keynesian economist & journalist; plus the old hysteria favorites: "muh scaling", "muh money laundering" & "muh energy!"
And it wouldn't be a nocoiner report without this brain damage:
Apr 2, 2018 • 6 tweets • 2 min read
Imagine a central bank creating a freely-trading currency for every sector of its economy: HomeCoin, CarCoin, LawyerCoin, DoctorCoin, etc.
Altcoiners want you to believe this is how the internet's money will be.
Completely insane, because the whole point of money is to be one. The point of money is to solve the problem of coincidence of wants, allowing everyone to trade every single good for one medium dedicated to exchange. The history of money is the history of markets worldwide converging on one medium, gold. See my book:
amazon.com/dp/1119473861/…
Mar 25, 2018 • 4 tweets • 1 min read
Bitcoin is compelling economic reality and all your thoughts about it are inconsequential. Bitcoin was invented so that smart people no longer have to try to convince idiots not to fall for the greatest trick criminals ever invented, government money. The centralization of gold clearance made it easy for governments to capture &replace it with fiat. Actual economists were silenced & the pro-fiat teachings of the child rapist Keynes were promoted. Fighting Govts' misinformation became impossible for real economists like Mises.
Feb 23, 2018 • 9 tweets • 3 min read
The computer industry has for decades been a victim of the deflation Keynesians warn us would destroy the economy if it ran on Bitcoin.
Why would anyone buy a 10MB hard drive for $3,495 in 1980 when they can just wait 30 years & buy it for cents? The reason is that humans always prefer present over future consumption, because their time on earth is finite and uncertain. Time preference is always positive, and when money gains value over time, time preference is lowered, not eliminated.
Feb 7, 2018 • 10 tweets • 4 min read
Forget bankers, economists, politicians, journalists, or altcoins.
Bitcoin is up against the BIS, and THIS is The Final Boss it has to defeat: The BIS is an unelected opaque global bureaucracy of central banks that tries to regulate the global financial and monetary system, with the spectacular results you’d expect from any self-appointed bureaucracy of central planners.
Dec 11, 2017 • 4 tweets • 2 min read
Important thread! For hodlers, getting rich is a secondary side effect of doing the right thing: getting the world onto an infinitely better monetary standard & killing government money.

Nov 5, 2017 • 8 tweets • 1 min read
Bitcoiners don't detest altcoins because they compete with BTC, but because they're all scams that do nothing but exploit Bitcoin's name. Only value of Bitcoin comes from its immutable monetary policy. Altcoins are all centralized & can be altered, & so are worthless