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WordPress’d from my personal iPhone, 650-283-8008, number that Steve Jobs texted
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– Dan Held, a prominent Bitcoin advocate with over 950,000 followers and a former Kraken marketing head, posted a satirical critique of Bitcoin on September 14, 2025, calling it a “ponzi vaporware scheme” and praising fiat currency, aligning with a viral trend mocking critics as Bitcoin surged past $115,000.
– The post leverages irony against real concerns, such as Bitcoin’s energy consumption, which a 2023 UN study found relies on 45% coal and emits carbon equivalent to planting 2 billion trees, though it overlooks Bitcoin’s shift toward renewables and proof-of-stake alternatives like Ethereum’s 99% energy drop post-2022.
– Historical fiat failures, like the Yuan dynasty’s Jiaochao currency collapse due to overprinting in the 13th century, contrast with Held’s satire, highlighting a 2025 debate on centralized control versus decentralized stability amid inflation rates hitting 9% in some regions.
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