Jimmy Song (송재준)
@jimmysong
Bitcoin Expert
Check Highlights for long-form pieces
Author of 5 Bitcoin books
PGP: DE9A 9438 F8B0 89DD AD17 82A3 99D0 75B8 9511 8988
45 Following 353.9K Followers
Sunday Survey: How much more are you paying for food than a year ago?
Deficits always look unreal, until you realize that it's what inflation is made of.
Lower highs and higher lows?
I was hoping for some boring after the drama of BIP110, but it looks like that's not going to happen.
Trust only works if there are sufficient negative consequences for breaking trust.
With money, there's almost no negative consequences for those that betray our trust. It seems many other aspects of trust are being violated without much negative consequence either.
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Exposure to Bitcoin is not Bitcoin.
At Plan ₿ Forum El Salvador, @jimmysong challenged the idea that price exposure is the same as ownership.
GBTC already showed the difference:
Premiums. Discounts. Leverage. Custody risk. Chaos.
Many want Bitcoin upside without the responsibility of holding bitcoin.
But that responsibility is the point.
See the full conversation!
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The Fed is trying to do the impossible: print money while curbing inflation.
The petrodollar ended 3 years ago, which means that the demand for the dollar has shrunk.
Getting people to hold the dollar requires high interest rates, but that means less money printing.
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For free subscribers: Stanford's Secret "Rule the World" Course, The Post-Trump Future, Thick Art vs. AI Slop, Nike's Downfall, On Good and Bad Dictators, Market Disruptors and more!
For paid subscribers: The Ark Protocol Explained, Bitcoin Post-Quantum R&D, Dice-to-Seed Reference, Nested Threshold Multisig for Lightning, Glimpse Prediction Market, Lightning Network Visualization, $40 Trillion National Debt, BIP-110 Post Mortem, Renting Fidelity Bonds, Vinteum's First Cohort, First Recoverable Grant, Future of HWI, Nic and Bitcoin Maximalism, River's Accounting, Unlukey and more!
#Bitcoin# Tech Talk #515#
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Sunday Survey: Have we bottomed?
Bitcoin Maximalism dies for the 478th time.
Yea, don't listen to cringe, underwater VCs pumping their bags.
How Fiat Money Ruins Everything
w/ @jimmysong & @jakeroque_
0:00 - Trailer
0:52 - Jimmy Song’s Bitcoin Origin Story
9:42 - Is Bitcoin the Last Frontier?
16:41 - Secure Your Bitcoin with Unchained Multisig
18:08 - Lessons From the BIP 110 Civil War
24:57 - Why Bitcoin Needs Multiple Node Implementations
35:25 - How Fiat Money Is Changing Christianity
48:13 - Jimmy Song: “All Fiat Loans Are Theft”
56:30 - Why Leverage Is a Trap
1:05:05 - What America Can Learn From Korea
1:14:30 - Inside Korea’s Bitcoin Community
1:18:09 - Is the Dollar Losing Reserve Currency Status?
1:24:29 - The Biggest Mistakes Veteran Bitcoiners Make
1:26:52 - Jimmy Song’s Most Important Investment
1:28:53 - Where to Follow Jimmy Song
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Fiat money interferes with reality by removing consequences, at least in the short term.
Yields are too high so they're printing money.
And that causes Bitcoin price to go up because it's a scarce asset.
Just the dynamic that Bitcoiners have been waiting for.
Fiat loans act like savings to those that can get them because they are. Other peoples' savings which are debased for the borrowers benefit.
When money isn't worth holding people hold other things like real estate, which in turn causes them to inflate in value. This, in turn, means less development of real estate as the threshold to development profitability gets higher and higher. Fiat incentivizes less development.
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For free subscribers: Incentives Are for Losers, Young Adults Are Poor, Fertility and Currency, The Perfect Recipe, A New Revolution, BIP110 Split on Tone Vays's Stream, Mr. M Podcast and more!
For paid subscribers: BIP460 Cross-Input Signature Aggregation, ChillDKG for FROST, Coldcard Entropy Post-Mortem, Blockstream Swaps Fills the Boltz Hole, LND Reorg Disclosure, Nostr-Native Hub, DIY Signing Device Summit, Trezor Shipping Data Breach, Tracing the 1,082 BTC Coldcard Drain, Soft Fork Network Resilience, Red Team Publicity Questions, Strategy Sells the Bottom, Humans Suck at Entropy and more!
#Bitcoin# Tech Talk #514#
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Sunday Survey: What will BIP110 coins be worth per 100m sats on the first day of full trading on an exchange?
The recent Coldcard incident has a lot of people second-guessing their setup.
I had @jimmysong on the podcast to talk about it. He's authored 5 books and seen it all.
We get straight into:
🔒 The Coldcard situation
🛡️ What this means for the future of self-custody
📈 Where Bitcoin is heading next
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Are more normies are getting in on this bear market?
Untested and unexamined things are generally full of bugs and exploits. And I'm not talking about just software.
