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@ Farley | Retired Fortune 10 ☕
2025-04-23 04:59:46
THE FIAT MINDSET TRAP — AND WHY MALLERS IS BUILDING ON QUICKSAND
Jack—like every Bitcoin entrepreneur shackled to the old system—is building a bridge to nowhere. When fiat collapses (and it will), his 'Strike rails' will be as useless as a Blockbuster membership card. Here’s why he’s stuck, and why he needs critics like us to wake him up.
THE FIAT-DENOMINATED DELUSION
Mallers’ Fatal Flaw: He thinks Bitcoin’s future is fiat-adjacent (loans, banking partnerships, USD liquidity).
Reality: Bitcoin’s endgame is fiat’s extinction. No banks. No debt. No "stablecoins." Just hard money.
Strike’s Obsolescence: When people trade BTC for goods directly, who needs a "Bitcoin-backed loan"?
EXCHANGES & LENDING ARE TEMPORARY CANCERS
Exchanges = Fiat gatekeepers (soon to be relics).
Lending platforms = Rehypothecation scams (same as 2008, just with orange paint).
Mallers’ Mistake: He’s building for the transition phase—not the destination.
IF HE WAS PURE, HE’D PIVOT TO…
✅ Non-custodial Lightning tools (real P2P cash).
✅ BTC-denominated commerce (no USD pricing).
✅ Self-sovereign infrastructure (no banks, no KYC).
But he won’t. Because like all "Bitcoin businessmen," he’s addicted to:
Recurring revenue (debt = interest payments forever).
Legacy approval (VCs, regulators, banking partners).
The dopamine hit of 'adoption' metrics (even if it’s just fiat 2.0).
THE HARD TRUTH
When fiat dies, the 'Strikes' of the world die with it.
The only Bitcoin companies that survive will be those that embrace hyperbitcoinization—no USD, no loans, no middlemen.
Mallers can either evolve… or be left behind like a MySpace exec in the Facebook era.