Marty's Bent

When speaking to someone about bitcoin it is important to make sure that you own the frame. One common retort that is thrown out by bitcoin detractors is "Why would the government, or any American for that matter, want bitcoin to succeed if it's a threat to the dollar?" This often catches many in a trap in which they feel compelled to defend bitcoin's right to exist and the idea that it is the aggressor. When this retort is thrown at you in the future it is imperative that you shift the frame and paint the dollar as the aggressor.

Bitcoin exist because the dollar has proven to be incredibly bad for the American people, outside of a very small minority that benefits from being close to the money spigot. The dollar, as it is designed, is the biggest threat to, not only the American people, but itself. The mechanics of a dollar system that has been completely detached from the backing of gold since 1971 is literally designed to make itself weaker over time. The nature of an untethered fiat currency that enables the federal government to issue obscene amounts of debt is such that it's continued debasement is inevitable. This is bad for the people forced to use that currency within the borders of the United States and it is bad for the dollar itself.

Once you've clearly articulated that the dollar is the aggressor in the world of monetary economics, you can then move on to explaining how bitcoin is merely a free market solution to this aggression. It was launched in response to the continued debasement of the currency and the crony capitalism corporate socialism it brought with it.

The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. - Satoshi Nakamoto, February 11th, 2009

This is a much better framing from which to operate. Bitcoin was created as a solution to a problem that has very serious and wide ranging consequences for everyone in the world and that problem is identifiable; it's the dollar system.

Getting the framing of this particular question correct is important too because it helps people get to the core of the problem faster. This is desperately needed because people are woefully confused out there. Nothing makes this clearer than this ill-informed idea from Jason Calacanis.

Housing affordability is certainly an issue in this country, but it's not because the supply of housing isn't large enough. The problem is that people are using consumption goods (homes) as store of value assets as they attempt to outpace the consequences of inflation via monetary debasement. The craze of buying homes to turn them into cash flowing rental properties has exploded over the last decade. This, and many other factors, is why people can't find homes to buy. They've been bought up by speculators who think they can rip cash flows off their properties while the underlying value of that property increases over time as central banks and governments continue to print money and force speculators to shove more dollars into real estate.

The solution to a problem which represents a negative externality of centrally planned monetary policy won't be solved by centrally planned home construction. Funnily enough, it would likely exacerbate the problem. It can only be solved when a proper store of value asset is reintroduced into the economy and that's exactly what bitcoin has done. Obviously the market hasn't fully realized this; real estate is still extremely overvalued and bitcoin is extremely undervalued, but people are waking up.

Compared to a house, bitcoin is a better store of value asset by many many orders of magnitude.

Bitcoin is perfectly scarce. Real estate is not.

Bitcoin can be stored with cheap hardware and comes with no carrying costs. Real estate comes with taxes and continual maintenance costs.

Bitcoin can be liquidated within minutes. Real estate deals take weeks, months and sometimes years to complete.

Bitcoin is granularly divisible. Real estate is not.

Bitcoin can be transferred anywhere in the world over the internet. Real estate stays put.

Imagine a world in which a critical mass of people wake up to this reality and begin coming to the same conclusion as FinancialFreedom. That is a world in which real estate prices get marked down to their appropriate value; what their worth in material goods + a premium on the construction costs + a premium on location + a premium on quality and aesthetics. All of those premiums combined come nowhere near the amount that is being added to real estate prices in the form of a monetary premium.

That monetary premium is being driven by the fact that the dollar is a threat to itself and everyone who uses it and those people are forced to flee into alternative, sub-par stores of value because the money is fundamentally broken.

Bitcoin fixes this, not more central planning.

The Cosmic Connection Between Bitcoin and Non-Human Intelligence

In my recent conversation with Jesse Michels of American Alchemy, we explored the fascinating possibility of Bitcoin as a technology with metaphysical or even extraterrestrial origins. Jesse suggested that both Bitcoin and UAP phenomena might represent "single updates that change everything" in human civilization. He proposed that Bitcoin could be a technology introduced by non-human intelligence to correct our monetary systems, noting that money is "very powerful" and when mishandled can be "significantly detrimental to the quality of life of individuals."

"If we're going to go down like Bitcoin is alien technology that was introduced to us by some external species, that is what would be most likely to me—they notice you're messing up the money. Money is a very important tool. So here is a solution." - Jesse Michels

As host, I found this perspective compelling, especially considering Satoshi's anonymity and Bitcoin's elegant design. Could solving the double-spending problem be a prerequisite for humanity to "join the broader community in the cosmos"? This thesis frames Bitcoin not just as financial technology but as a moral imperative—a cosmic correction to our economic trajectory, reorienting humanity toward a more balanced and fair system that enables true flourishing.

TLDR: Bitcoin may be a cosmic intervention to fix our broken money

Check out the full podcast here for more on UFO disclosure, quantum computing threats to Bitcoin, and the relationship between Bitcoin mining and energy infrastructure.

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Ten31, the largest bitcoin-focused investor, has deployed $150M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/funds.

Final thought...

Travel will get to you.

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