Introducing Zap: A Lightning Network wallet for the community. zap.jackmallers.com/ medium.com/@JimmyMow/announc… youtu.be/dhpg_8D2FPI

The stock market is “smashing records” in dollars because the US keeps printing money and stealing from the American people via inflation. Measured in assets the US can’t print, like Bitcoin or Gold, the stock market is getting crushed. Should we talk about that?

Bitcoin is not a software company. It has traded like one because many who own it don't understand it. This drawdown is painful, but it may be the process of washing out levered software capital and letting Bitcoin finally trade like the hard money it is. Hang in there. BTFD.

Nobody knows where price is going to go, but according to historical data, now is a good time to turn on your DCAs if you believe bitcoin is not going to zero. We have no-fee and no-spread for both DCAs and paycheck conversions at @Strike. Free withdrawals to cold storage too. Stay humble, stack sats, buy dips, and HODL.

Bitcoiners have long viewed Bitcoin as the solution to currency decline. Better gold. Ultimate money. Instead, the broader market has treated it like a software stock. Painful, but this dip may be how Bitcoin stops trading like tech and starts trading like a hard asset.

Bitcoin fundamentally doesn't need what software needs. It doesn’t need: - Margins - Earnings - Buybacks - Capex - Refinancing Software needs that. Companies need that. The hardest neutral money in human history does not. The market sized Bitcoin up wrong. We're early 🙂

As painful as this drawdown has been, it may be necessary, and even constructive, for Bitcoin. If this cycle washes out highly levered, short-term, risk-on software capital, what remains is a base of long-term hard money HODLers. That’s how we move on from this chapter. BTFD 🫡

At @Strike, we’ll continue to show up, listen, work relentlessly, and care deeply about both Bitcoin and Bitcoiners. I’m incredibly proud of the team for listening to customers and building for them yesterday in the thick of the storm. Built by Bitcoiners, for Bitcoiners 🫡

Any company I lead will have an extreme focus on customers. We care deeply about Bitcoiners. If anyone needs support for anything, please don't hesitate to reach out to myself, @Strike, or our support staff via email. We're here for you! xitter.cf/dpz147/status/20198241…

I love these moments in Bitcoin. Where opportunity is born and legacy is made. Remember, words are cheap. The WORDS/BTC exchange rate is and will always be zero. We are heads down, building the Bitcoin financial institution of the future at @Strike. Proof of work.

Sorry for any inconvenience there. We’re seeing a massive influx of traffic and volume. All services are fully operational. Huge credit to the team for the quick turnaround. Thanks for your patience. If you have any issues, let us know. We’re on standby to serve Bitcoiners.

Bitcoin is a neutral, open-source public utility. Like fire, water, or the internet. It is not a person. It is not an institution. It has no secrets. Corrupt people do not get to rob humanity of our chance to fix the mess we inherited. Bitcoin is the solution, not the problem.

The future is hyperbitcoinization, but that's not where we are today. Today, Bitcoin is too small to compete with sovereign debt, and that's ok. Gold running is bullish for Bitcoin. Fiat is dying. Gold front-runs liquidity. Bitcoin responds to liquidity. Nothing new.

Fun fact: Gold's correlation with Bitcoin over the last 10 years is 0.09. In other words, they are not correlated at all, and do not move together. We have seen this movie before. The last time was COVID. Patience, fellow Bitcoiners.