Part 3 - Chapter 8 - Sub-Val
Friday, August 8th, 2025, 11:04a.m., BTC = 116K, BH = 909,206
Every morning, at least on Monday through Friday, I go on twitter (X) spaces and chat w/ the bitcoin veterans. This is a place where we talk endlessly about bitcoin, money, and other topics that interest us. I am the resident civilian known as BFP because my name is “Bitcoin for Precedence.” I’m (Golfwinch) Golfwinch's updates but my name says BFP. Talking about money is something I truly enjoy. Most people think it is taboo to talk about money. Writing about money gives me a chance to get my thoughts out of my head and into words. The beautiful thing about writing these thoughts down is how it happens. Everything slows down and that gives me a chance to describe in detail what I mean.
Money/Sub-Val transcends time. I can save, in bitcoin, and pass my savings to my grandchildren. The tools are there. It boggles my mind that so many people are willfully ignorant about money. I have used the word phantasm before, but I have to use it again here. Money/cash/chop/motion/loot/cream/bread/cheese/dead presidents/cake/Sub-Val are all phantasms that represent your time and energy in abstracted form. The U.S. dollar, Bitcoin, and the mexican peso are also just words to describe what currency you are talking about. Again,…
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…the map is not the territory.
Gold, Bitcoin, and the dollar are all forms of money. Choose your store of value wisely. Although, even more important is the lens or paradigm in which you see the financial world through. I used to think in dollars. Then, the more I studied money, I started to see through the “gold” lens. In 2021, I figured out that the world, or the people of the world, are going to move to the Bitcoin lens. The attributes of money (gold, bitcoin, dollars) are very similar, but subtly different. Bitcoin is clearly the winner as we move into the future. You can see it winning in real time. Self-education is the way to understand this truth. The people in gubment and many others do not want to see these truths. They are comfortable with the way the world is. Wall Street people are starting to realize what is happening, but even they can’t break the chains of their fiat mindset. They want to trade in and out so they can make more fiat dollars.
Bitcoin is subverting the U.S. dollar, This is in the process already and “Nothing stops this train.” That phrase comes from Lyn Alden and it refers to the Fed and how it has to print money to pay…
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…off debt. This perpetual cycle continues forever.
Our gubment is in such a deficit that it has no way out. The debt to GDP ratio has gotten too big to sustain. The debt will grow forever. We will keep adding zeroes because there is no other way. Ask yourself if you think that the U.S. debt will be lower in ten years or higher. The U.S. debt right now sits around $37 trillion. When will the debt hit $50 Trillion? 100T.? 200 Trillion? These are the questions that I ask. This is not an if question. It is a '“when” question!
There are 2.1 quadrillion Satoshis in the protocol. There are 21million bitcoins total which equals 2.1 quadrillion satoshis. When will the U.S. debt hit 999 trillion? 1 Quadrillion? 2.1 quadrillion? These are hard questions to answer. We do know that the debt only goes one way these days and that is up. So the questions are when. I will be 60 years old in 12 years. It would not surprise me if the US debt was 100 trillion by then. The acceleration of how fast the debt has gone up is the alarming part of all this. The faster it climbs, the closer we get to hyperinflation. Remember, no fiat currency has stood the test of time, They all go away through debasement. :/
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