FWB055

Satoshi's Birthday, the Gold Confiscation, and RoboSats

Satoshi's Birthday, the Gold Confiscation, and RoboSats

synopsis

Ian and Mandana cover the Do Kwon arrest, Satoshi Nakamoto's birthday (April 5th and its FDR/gold confiscation significance), anonymous Bitcoin buying via RoboSats, El Salvador eliminating all taxes on tech innovation, and Strike's expansion to Vietnam and the Philippines. Ian's "smug" confidence about Bitcoin's trajectory becomes a topic itself, and the El Salvador thesis reaches its fullest expression.

quotes

"I'm not smug about the price. If I'm smug about anything, I'm smug about the fact that it's all playing out almost exactly as predicted." — Ian
"They're not going to spend it in the United States... they're going to trade it for freedom." — Ian
"No income tax, no property tax... this is the biggest middle finger to the west that there ever is." — Ian on El Salvador
"I'll sell you one bitcoin for a hundred million dollars. How bad do you want your money out?" — Ian on illiquid supply dynamics
"He robbed everybody. Biggest bank heist ever." — Ian on FDR
"Where's the community of Iranian bitcoiners? Because I don't know them." — Mandana

topics

Do Kwon arrested in MontenegroCash App founder Bob Lee stabbed in San Francisco (not crypto-related — crime of passion)Satoshi Nakamoto's birthday (April 5, 1975) — FDR gold confiscation connectionRoboSats — anonymous peer-to-peer Bitcoin buyingEl Salvador eliminates all income, property, and capital gains taxes on techStrike expanding to Vietnam and PhilippinesIlliquid Bitcoin supply thesisBitcoin on HBO (Succession, Silicon Valley)CBDC as inevitable government response
published
April 10, 2023
full show notes
open