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Good morning - Arsen here. â
Welcome back to Bitcoin Therapy. The newsletter that keeps you informed AND entertained.
First, happy and relaxing Sunday to 3,608 patients reading today. đ
Do you ever wonder what kind of person Satoshi was?
Well, this week, an early Bitcoin contributor released his ENTIRE email history with Satoshi - so youâre in for a treat!
Also, if I insulted your country in this email, please forgive me.
Or donât. I donât care.
Alright, hereâs what I got for you this week:
New Satoshi emails released (spoiler: he was a gangsta)
Bitcoin hits an all-time-high đ
Central bankers get savagely dunked on
Estimated read time: 4 minutes and 15 seconds
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NEW SATOSHI EMAILS RELEASED (SPOILER: SATOSHI WAS A GANGSTA)
For a long time, there was a veil of mystery around the pseudonymous creator of Bitcoin.
Well, this week, an early Bitcoin contributor, Martti Malmi (a fellow Finn, yay đ«đź), released his entire email history with Satoshi (120 pages).
He did this as part of the Craig Wright vs. COPA trial (I broke it down here) to prove Craig is not Satoshi.
Itâs a treasure trove if youâre fascinated by the early days of Bitcoin (aka if youâre a nerd like me).
Here are my top 7 favorite bits:
Satoshi called gold bugs âNeanderthalâ
I spat out my water when I read this.
What a gangsta. Iâm 100% stealing this insult.
Satoshi believed Bitcoin would use less energy than the legacy banking system
Narrator: he was right.
A 2021 report from Galaxy Digital suggests that Bitcoin uses less than half the energy of legacy banking banking.
Checkmate, banker boys.
In 2009, Satoshi was tired and needed a break
Look, everyone needs a break.
Going to a Chinese all-you-can-eat buffet? Youâll need to take breaks.
Working 9-5 in a moldy cubicle next to your farting coworker Jim? Youâll need to take toilet breaks.
Building a future financial system from scratch? Yes, youâll also need to take breaks.
Unlike me on my toilet breaks, Iâm happy Satoshi returned and continued his tireless work. đ€
Someone donated $2,000 to Satoshi
He had the donor send it in cash via mail to Marttiâs address.
Imagine receiving $2,000 in an envelope⊠*starts sweating*
Satoshi worked on Bitcoin on Christmas day
Satoshi could have been stuffing his face with gingerbread. But no, he was busy coding the future financial system for YOU to use.
Respect.
Satoshi removed language that said Bitcoin was "anonymousâ from the Bitcoin.org website
He was worried it would make Bitcoin sound shady.
Itâs evident Satoshi was always careful not to attract any unwanted attention.
The last time we heard from Satoshi was when Wikileaks drew lots of attention to it by accepting Bitcoin.
Satoshi was British âđ©
Not only did he use traditional British expressions like âoughtâ and âbloody hard,â but he also used British spelling:
Realize â> realise
Skeptic â> sceptic
Labor â> labour
Also, Satoshi NEVER made spelling mistakes and had perfect grammar (sorry for the occasional typođ).
All in all, he seemed polite and a down-to-earth person.
All these lead me to believe he was a very well-spoken and distinguished British gentleman.
I canât help but imagine him sipping tea with his pinky finger up while coding up Bitcoin.
I bet he even had decent teeth (for a British person).
Or did he use this spelling to confuse us? Who knows.
Not so hot take: Satoshiâs identity doesnât matter.
Not only that, you should NOT be trying to find out who he is.
Satoshi used a pseudonym because he WANTED to be private.
Please respect that.
Even if Satoshi is dead, accusing someone of being Satoshi endangers their family because youâre putting a target on their back.
Personally, I hope Satoshi is not dead.
I hope heâs sitting on some beach sipping margaritas with an âI told you soâ smirk.
Thank you, Satoshi, wherever you are.
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BREAKING: BITCOIN HITS A NEW ALL-TIME HIGH đ
No, Iâm not BSâing.
Bitcoin has hit an all-time high in 14 countries!
Is this because Bitcoin pumped? Yes, it helped.
But thatâs not the main reason. It has more to do with the rapid devaluation of the local currency in these 14 countries.
And these are not some tiny countries no one has ever heard of. These 14 countries make up:
~13% of the worldâs population
~7% of the worldâs GDP
Argentina is leading the scoreboard with a 254% inflation rate. Oof.
Thatâs crazy. Itâs almost as if Bitcoin was designed for thisâŠ
And this is only going to accelerate.
Why? Because the world is more connected than ever. Local currencies used to have geographic advantage.
But those times are long gone.
Bitcoin is sucking out value from every fiat currency.
Some die slower than others, but the trend is clear: all fiat currencies are trending to zero.
Just a few more to go.
Omnomnomnomnom.
CENTRAL BANKERS GET SAVAGELY DUNKED ON
Sniff, sniffâŠyou smell that?
Thatâs fear.
Thatâs fear reeking European Central Bank, who just published another FUD piece on Bitcoin.
The ECB claims that Bitcoin:
It has failed to become a decentralized currency
Is falling victim to fraud and manipulation
It is costly, slow, and inconvenient
All correct. Except they misspelled âeuro.â
The best part? X community notes immediately fact-checked ECB. đ
Get rekt, parasites.
But anyway, anyone with 2 brain cells can tell that ECB is lying:
Unlike Bitcoin, the European Central Bank is literally run by a fraud-convicted criminal (hint: itâs our girl Lagarde)
The Euro has lost 99.5% of its value against Bitcoin in the last 10 years (source: one f*cking Google search)
~97% of all bought Bitcoin are in profit currently
What a weak-sauce FUD.
This whole thing has the same energy as the candle industry arguing against electricity because itâs âdangerous.â
The central bankers and the rest of the rent seekers are afraid.
Theyâre afraid Europeans will start noticing their money being devalued right under their noses.
Europeans spend increasingly more and more time and energy working (except the French, who never work) just to stay afloat. And youâre stealing it from them by debasing their hard-earned money.
Your time is nigh. Bitcoin will make you obsolete.
P.S.: Iâm joking about the French. They do work - when itâs time to riotâŠ
QUICK NEWSâĄ
Michael Saylor says he will never stop buying Bitcoin. âBitcoin is the exit strategyâ.
Craig Wrightâs sister says he is Satoshi. Proof? He works in a room full of computers dressed like a ninja.
Edward Snowden calls Bitcoin' the most significant monetary advance since the invention of coinage.â Amen to that.
THIS WEEK IN A MEME đ
FROM THE ARCHIVE đ
The first ever Bitcoin logo - created by Satoshi himself 14 years ago.
PATIENT REVIEW đ§
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See you next Sunday,
Bitcoin Therapy Team
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