A lyrical nomad in ₿itcoin space. | cosmocrixter.substack.com | #npub1dxu6lr6yyzt3dtaplknmk96kn8p9g7c7jdklqjcft7rgnxyk700qt0vdqv
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Happy New Year, Bitcoiners!
I’ve made a wallet with a little over 50,000 satoshis in it for whoever finds it in 2025.
I made it using brainwalletdotio with a few lines from a text about a fantastic creature invented by J.R.R. Tolkien.
Happy hunting!
🙏
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Hey @Fidelity, you guys rock. Thanks for making it super smooth and easy to transfer my Roth IRA from @Vanguard_Group (which does not offer any #Bitcoin ETFs) over to @Fidelity so I will easily be able to buy and hold #Bitcoin ETFs in my Roth IRA retirement account. Cheers! 🍻
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If you don’t mind changing your identity, driving to another country and never coming back, you can just HAVE the rental car, too.
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An open letter to Ulrich Bindseil and Jürgen Schaff of the European Central Bank (@ecb)
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What sound or song should accompany #Bitcoin’s market cap flipping that of Berkshire Hathaway?
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An Open Letter to Augustín Carstens, Head of The Bank of International Settlements (@BIS_org)
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An open welcome letter to “Skull of Satoshi” Artist and Activist Von Wong (@thevonwong)
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A new kind of #Bitcoin flippening? A redditor just observed that he paid the equivalent of 10,000 sats for a pizza. 🍕
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This letter that I hope never to receive is precisely why I will allocate precious little of my money towards #Bitcoin ETFs.
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When African countries (especially West African countries oppressed by the CFA system) adopt #Bitcoin on a grand scale, the world will witness the greatest peaceful liberation/revolution since the satyagrahis evicted the British from India.
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Moxie: “Riley, look closely at my forehead so I can take a picture of you, buddy!” Riley: “Okay, Moxie!” [Riley looks closely] Moxie: “Picture taken, pal!” [Moxie uploads retinal scans, voice and facial recognition data to global surveillance database.] Riley: “Thanks, Moxie!”
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Some very fine sentences here. I laughed and genuinely enjoyed the writing. Poor Ben. Meanwhile…#Bitcoin ticks onward, unaffected. fortune.com/crypto/2023/07/2…
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Would it be fair to say that anyone working on implementing a CBDC is basically an orc or other servant working for Sauron, a minder or torturer working for Big Brother, a stormtrooper or functionary working for The Galactic Empire, and The Borg, all rolled into one?
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Dude. He’s likely going to jail. Does your $15M shilling contract require you to try and shill him out of prison?
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You’ve actually become the bad guy, @Senwarren. That is what happens when you don’t (or don’t want to) meet with the right people, or read the right information. Sad.
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What a nasty comment. Do you really know what you’re saying? With respect, I think not. This was supposed to be an infrastructure bill and at the last minute unvetted crypto regulations were jammed in. How would you like it if that happened to YOUR favorite asset class?
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Thanks to @SamanthaLaDuc’s recent inspirational tweet, I’m announcing a contest! Worth 21,000 Sats (via ⚡️ or Liquid). Create a badass illustration (using AI or by hand) that incorporates the words “Rogue Money” and the #Bitcoin logo. You have 24 hours. Most liked picture wins.
Here’s my attempt to summarize key disagreements btwn #tradfi & #bitcoin-ers
There is no premium in scarcity, just because it’s limited, but THIS is the major claim that has been offered up by #bitcoin-ers in both the respectful+ disrespectful rebuttals in my very busy feed past 24 hrs.
#TradFi gets that value is not assigned just because something is scarce. We assign even less value in bitcoin given all the concentration risk of ownership, corrupt actors (Russia, China), charlatans, crime and confiscations.
But here’s where #tradfi folks really align:
BITCOIN IS NOT MONEY
Beyond the core “monetary, commodity, circulation” attributes of money, actual money has to be measured in relation to... a demanded "in kind" commodity or currency or asset.
AND it has to be “forced” on us by the Govt (eg. taxes in local FX).
So why would #TradFi folks (en masse) trade “in-kind” real assets for Bitcoin - other than with disposable money because of bitcoin’s speculative properties?!?
Bitcoin IS a “convertible currency with an equivalent value in REAL CURRENCY”.
THE STATE does not force/enforce bitcoin as a real currency, so it IS NOT money.
So we can trade it! Transact with it where we can!
But it is too much risk for the reward for those who HAVE money. For those who need it, I agree it is a powerful, effective payment system.
Does that sound elitist or just realist?
Speaking from a #TradFi perspective, Bitcoin is a great little alt investment, to diversify returns from equities or otherwise, real estate, real commodities, even cash that earns interest, etc.
But the main reason most #TradFi types have no interest in it is because they don’t need or trust get-rich schemes.
And they KNOW those with real power and money know how to take yours away!
Sadly, if I was a betting woman, I would say THIS is now THEIR tool to use against you. #BitcoinETFs
I’m sorry. Its not fair. They suck. I’m not being facetious.
Maybe you will change the game by changing the players or the pieces but until then…
Bitcoin does not meet the definition of MONEY - regardless if the bitcoin gospel writers have changed the definition of money or intrinsic value or ascribe bitcoin with the characteristics of money, value, trust, scarcity, whatever.
Bitcoin is ROGUE MONEY, which is on the opposite spectrum to sound money.
Rogue money has a purpose, but not transformational power - unless you change the STATE and get it to literally force it upon US.
In the meantime, #bitcoin-ers, feel free to treat crypto-assets as a cause within a religion, but don’t disrespect those who don’t share your beliefs. #TradFi
We can survive and thrive together. It’s not all or nothing!!
But do study the strengths and weaknesses of your new weapon of change.
For example, I can call USD “monopoly money,” because it can be printed, devalued, debased, dedollarized … but it is still THE TOOL that enables all other tools.
I hope Bitcoin sticks around and grows more popular, but in its current form to most in #TradFi it is the opposite of SOUND MONEY, especially if it takes cult-like behavior to make it grow.
It needs the STATE to force its use on everyone. That is what makes it MONEY.
And what are Vegas odds for that?
Especially since you disdain the STATE and the STATE disdains your rogueness!?
Final Word:
There are many here in #TradFi who don’t dismiss you, but that doesn’t mean we will ever convert to your gospel of #Bitcoin.
Or worship terms most of you don’t understand.
Like “Debasement”!
Seriously, how many of you ever knew this term existed before jumping on the bitcoin train?
Warning: this one term has become the calling card for enabling this cult-like separateness. Your “rogueness” is cool, but wishing/promoting bad things on your STATE is a really bad investment framework!
To do so, you just separate yourselves even farther away from the people and policies that will continue to label you and your “money” as rogue.
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Geez… if only there was a hard asset that anyone could buy, even in tiny portions, that was easy to store and protect, and that didn’t lose its value to inflation, because it was scarce. If only #Bitcoin existed.
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Oh. My. Goodness. If you only read one #Bitcoin article this month, make it this one by @dergigi. This is a hardcore masterpiece. (And watch the amazing embedded videos too…don’t skip ‘em!) citadel21.com/bitcoins-meme-…
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It’s really amazing how incredibly out of touch you are, guys. Do you now see that stablecoins are a tool that literally millions of Americans are using to help themselves out of dire financial circumstances. Holy moly, you make me want to take back all my votes.
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I suspect, @chrislhayes, that describing @jack as “heavily into crypto” shows how little you’ve researched or understood #Bitcoin. I listened to your podcast episode where you discussed it and you need to go much, much deeper.
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I have reported this White House CEA’s tweet for misinformation and I encourage #Bitcoin users to do the same. The “additional context” I provided was this article from @bitcoinpolicy: btcpolicy.org/articles/the-a…
Cryptominers’ intense and volatile power consumption can also push up electricity prices and make local electrical grids riskier as a result of increased strain on equipment, service interruptions and safety hazards. 6/ chelanpud.org/docs/default-s…
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Even central bankers rarely receive a penalty for their corruption. The Cantillon Effect enriches those closest to the money spigots but it ALSO protects them from criminal acts. independent.co.uk/news/world…
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An (admittedly overwrought) Open Letter to @BIS_org, @USTreasury, @imfcapdev, @worldbank, @nytimes, @TheEconomist, @NBCNews, @CBSNews, @abcnews, @CNN, @FoxNews
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Envision many many millions of people across the globe joining hands, holding tightly, and saying, directly to you: “We value truth, full awareness of the structures that oppress us, and resistance to censorship. Join us.” Would you join them? #Bitcoin
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Hey @NYTimes, did you know that the #Bitcoin network is already (and always has been!) 100% electric-powered? 🤩 And what’s more, there’s VERY little e-waste, due to the reusability of mining rigs! #CleanUpNYTimes nytco.com/company/environmen…
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We have come to an impasse, @SenWarren. I hereby unencumber myself from prior affiliations I have had with your party. It's too bad, because I used to think of you as someone who fought for "the little guy." But now I see you are anti-privacy, and pro-autocratic control. ¡Adios!
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Reported this tweet due to misinformation.
Bitcoin mines are increasing energy bills for millions of American families while enriching crypto executives — and causing as much pollution as an additional 3.5 million gas-powered cars. An alarming @nytimes report.
nytimes.com/2023/04/09/busin…
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I’m not saying this is actually how it went down, but there’s gangsters everywhere. I’ll just keep stacking #Bitcoin.
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Citizens!…Get your #Bitcoin off exchanges.
BREAKING: Every U.S. Crypto Exchange (And Binance) Is Being Investigated By The SEC, Says Senator Lummis Staffer: on.forbes.com/6019z4gOT by @DelRayMan
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@SenWarren, picking 12 words at random from your letter to @kristinsmith of @BlockchainAssn I created an unhosted #Bitcoin wallet. #Bitcoin is free speech & mathematics, & nothing else. If you (or anyone else!) can guess those 12 words & their order, you get some free #Bitcoin!
PS/ A few have asked for her letter. You can find it here:
theblockchainassociation.org…
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I read through ALL the comments on this anti-#Bitcoin/anti-cryptocurrency post by Senator Warren, and 3 hours after she posted it, after dozens and dozens of comments, not ONE supports her position. I now think she (or whoever writes her tweets) is on Twitter just to troll hard.
A new @USGAO report confirms that rogue nations are using crypto to dodge sanctions and undermine our national security.
It’s time for crypto to follow the same anti-money laundering rules as everyone else. I’ve got a bill to make it happen.
Community note
The US Treasury Dept's own Feb 2022 National Money Laundering Risk Assessment report states that fiat is the preferred currency for financial crimes.
home.treasury.gov/system/files/1…
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😂 #Bitcoin tends to be worth significantly more in the places where it’s needed more. You might enjoy the book “Check Your Financial Privilege” by Alex Gladstein.
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You know there were people here already who weren’t so psyched when your people arrived in the 1690’s.
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#Bitcoin and Lightning ⚡️ enthusiasts, please a post a 21 satoshi invoice here and I (and maybe some others) will pay it. And please do screenshot and post your “paid” screen. Let’s show @brian_armstrong how #Bitcoin on Lightning ⚡️ kicks ass.
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If there was a #Bitcoin Badassness Award… I’d nominate @AnitaPosch. She’s pure signal and undaunted.
📣 OUT NOW! My 2024 test of self-custodial #Lightning wallets under challenging conditions in Zimbabwe's rural areas
I tested @BlixtWallet, @BlksGreenWallet, @MutinyWallet, @PhoenixWallet & @ZeusLN. Get important insights & find out about my top choices: anitaposch.com/lightning-wal…
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I’ll send 1000 satoshis to the first three people who post Lightning invoices in this thread. Let’s show the BIS how smooth⚡️ on #Bitcoin works.
In 2023-24 #BaselCommittee will assess bank-related developments in cryptoasset markets, including the implementation of its prudential treatment of banks’ cryptoasset exposures, & analyse the role of banks as issuers of stablecoins & custodians of cryptos bit.ly/3PurPPr
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MUST MUST read this thread by @CaitlinLong_ . She is a #Bitcoin warrior and a truth-fighter. Her quest to reduce corruption and bring clarity to the financial system should earn her an honored place in history. If there was such a thing as a “Medal of Satoshi” she should get one.
1/ IT'S TIME FOR ME TO REVEAL A FEW THINGS. I've just published a post "Shame On Washington, DC For Shooting A Messenger Who Warned Of #Crypto Debacle." Link to post is here:
caitlin-long.com/shame-on-wa…
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I’m admittedly a beginner, but I’m going to say “Tik-Tock, Next Block,” no change. When Satoshi was mining blocks with no transactions, it wasn’t like the system was going haywire.
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Ban free speech? I guess you are against the First Amendment to the United States Constitution.
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Got N O S T R ?
NEW: Nikki Haley asserts that allowing people to post on social media anonymously is a "national security threat". She promises that as president, she will force "every person on social media" to be "verified by their name."
I am no lawyer but isn't this blatantly unconstitutional? Free speech includes anonymous speech.
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@annakelles, your party’s misunderstanding of #Bitcoin has made me sever all ties with it. I used to vote Democratic. No longer. I mean no disrespect but with this tweet you demonstrate a profound misunderstanding of the nature of reality. DM me for a reading list if you like.
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Wake up, lefties, because they’re targeting your asses too, and #Bitcoin is your freaking rescue plane.
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Oh ye of tiny tidbits of research, but with great big axes to grind, I offer you some crumbs. Amid all your bluster and posturing, I offer you this work by @AnitaPosch bitcoinmagazine.com/culture/…
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I’m usually a pretty mellow guy… but today I’m kinda not… and so I’m wholeheartedly telling you to quit yappin’ about “crypto” and stack satoshis.
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@kalpenn, you are either a soulless paid shill reading from cue cards, or an uninformed goofball. Could also be both. (Loved the 1st Harold and Kumar movie though.)
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An Open Letter to The Federal Reserve Bank of The United States of America (@federalreserve)
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An Open Letter to Andrew Bailey, Governor of the Bank of England, @bankofengland. (cc: @resistancemoney, @thetrocro, @enur72, @FreddieNew, @NSmolenski, @Blue_CollarBTC)
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Would freaking LOVE to hear a long form conversation between @LawrenceLepard, @PeterSchiff, and @nic_carter podcasts.apple.com/us/podcas…
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I think that unless and until The New York Times, @gabrieldance, and anyone else who writes about #Bitcoin *genuinely* grapple with the notions of digital scarcity and value that #Bitcoin introduced into the world, they will always be obfuscating and/or disoriented.
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Have no fear of price fluctuations, my friends. ChatGPT has informed me that bears cannot kill #Bitcoin.
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This article by @AnitaPosch is incredible. It’s a magnum opus and a lion’s roar. This should be read on the floor of every legislature in the world and at the UN General Assembly and I pray that one day it will be. 👏 bitcoinmagazine.com/culture/…
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Dude. You are “crypto.” You are the poison signal. Stack #Bitcoin, abandon your radioactivity, and get quieter.
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“Either you’re lying, or you’re incompetent.” 👏 👏 Bravissimo, @PeterMcCormack, you asked the hard questions and, like a #Bitcoin honey badger, didn’t give up and didn’t give a f*ck. 💪✊ The sparks start flying at about 49 mins in. piped.video/1DNlQEp2etg
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At the request of @thetrocro, I’ve done a recording of my recent open letter about #Bitcoin to the ECB, if anyone would like an audio version. Here ya go: cosmocrixter.substack.com/p/…
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CC: @thetrocro, @dergigi, @craigwarmke, @CaitlinLong_ @AlyseKilleen, @resistancemoney, @sazmining, @KalKassa, @dirtyshotya, @progressivebtcr, @river, @Blockstream, @DSBatten, @gladstein, @Lagarde, @BIS_org, @ECBForum
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I’d say they went wrong at step one, telling you how much BTC they have. Further foibles follow.
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Jury duty today. Part of my questionnaire. Tried to put it succinctly without using the word #Bitcoin.
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Holy shit. Today is now my favorite day.
It's really simple.
Elon is afraid of competition. He's a cowardly cuck.
He doesn't build things; he finds things that are already built and decides to market them.
And he suppresses competition and labor, while taking orders from the CCP, like a cuck.
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That is indeed, a regrettable response to your article. I will find lots of useful information for you debunking the major claims of your article. Cheers.
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“Manifesto”? WTF? It’s the #Bitcoin white paper. Are you a box of rocks?
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What a silliness. Music and literature have inspired each other since they began. They co-evolved. And when musicians speak together in musical terms to discuss how to improve a piece (ex. “let’s change the time signature of the bridge”), they are writing about music.
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@ODELL talked about this a few years back on a WBD episode and it chilled me. If an ETF becomes a “black hole” from which no #Bitcoin can escape… seems it’s yet another gateway to fiat and more f*ckery. I wonder if (or maybe I hope that?) “Free BTC” will carry a premium.
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“Neo, we found a sly roundabout way of introducing an idea and a money that gives us our privacy back, preserves our labor across time, and that the government can’t stop…and to unleash its power we need to take it off exchanges.”
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IBM guy, refugees, internally displaced people, and people living under devastating inflation are literally saving their families’ wealth from total dissolution because of #Bitcoin… check your freaking privilege.
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I bet you cannot name a cleaner/greener asset than #bitcoin.
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Here is what you REALLY mean: “CBDC’s have the ability to harness the citizenry like chattel and provide the government with the security and surveillance technology it requires to maintain power over people forever.”
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A) Absolutely hilarious. B) I can’t stop giggling. C) “I GIVE NOTICE TO BITCOIN.” D) I may break a kidney laughing at this.
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I got several calls today too. I cannot discuss the nature of these calls. But, suffice it to say, they were of extraordinary importance.
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Hmmm… I can think of a much bigger criminal enterprise, @Nouriel. So much bigger. The unholy matrimony of the fiat monetary system and the military industrial complex. You are literally shaking your fist at farts in the wind as the world gets ruined by your fiat masters.
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Seems to me that if a project founder who is still working on the project thinks he has the authority to declare this… it’s a security.
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Literally everyone who understands the term CBDC knows that it’s a method of centralized control of a populace, so they cannot have private economic selves. Period.
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#Bitcoin + @custodiabank = Beautifully Boring and Safe.
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Looking forward to the chart that shows BRICScoin going to zero against #Bitcoin. 📉
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