One more trip to $58k then game on


Always be improving? I can get on board with that. But always be building? Sometime “growth” (at least in the way modern culture means) isn’t the goal.


I don’t know…I think this is old news.

If I have a fat bitcoin stack, I can cruise for a bit and out perform those who don’t. Wait until there is an opportunity to leverage my abilities on a deal / situation I want to leverage my abilities to.

Grind just for grinding’s sake is so fiat.


Bitcoin is either $10M/btc of purchasing power or worthless.

There is no in between.


Come on! It was a funny timed picture…don’t give me too hard of a time!


lol! Happily married, indeed!


I did…she just doesn’t remember it.
https://m.primal.net/LQMA.jpg


What are the best methods and tactics for managing email? The best client(s)? The best filing system? The best categorization strategies?

Eisenhower Matrix? Now, Soon, Later, Never? Color coding? Cross apps/hardware/email clients?

#AskNostr


Grayscale…can’t see a difference.


…and losses to Arkansas… #WDE

nostr:note1gz3gjj5n9aaqnq9m5x3exqm744unsjuvh7ekfe207q4l6q3uh8ys22f6ar


Yes, the issues I was experiencing have been resolved. Thanks.


Even more reason to be concerned. The volatility of “bitcoin only” bitcoin companies is difficult to bridge through cycles. MicroStrategy’s core business has nothing to do with bitcoin.


How many SPACs have been successful. I’ve heard horror stories, haven’t read / heard many success stories.


To buy real assets / companies with fiat and bitcoin collateralized debt is expensive. Holding Bitcoin is likely to outperform with less risk.


Biggest takeaway for me from this episode … Bitcoin collateralized loans are currently charging a 3% management fee (!!) above the 11% investor returns. Not to mention origination fees. That’s insane.

Gonna be a lot of downward pressure on both yield and fees once the bitcoin collateralized loan product matures. Needs to mature soon, too, so bitcoiners who are not software developers can start utilizing bitcoin to manage real world assets.

Bitcoin collateralized loans are too expensive and way too short duration. Until there is movement in this market, hodling truly is sitting back and waiting to the deploy the potential energy stored in one’s bitcoin stack.


Bitcoin sets the risk-free rate.

That’s the product.

nostr:note1dh4vw6d02zxj94ljz98wyx0gxty84gqujcvkxy4wta8f08sukq0s66ay24


MicroStrategy just announced their purchase of 40+ days worth of bitcoin production.

When the supply shock hits …

📈🔥🚀


For the network effects to come, we’re gonna need the influencer class to open their aperture a little more, follow more, and engage more plebs. NOSTR needs to be the place you can interact with most of the personalities who became codified over on Twitter. Not necessarily you…just in general. More conversations.


I know this exchange of time for bitcoin stack is what Pierre is doing at Riot but I see utilization of bitcoin stacks in another way. In order for bitcoin to fulfill its potential as money, it has to be used at capital. It is the hodlers dilemma: bitcoin outperforms all markets on a 4-year duration so why would you spend it?

If I’m not going to sell bitcoin but I want to buy tangible assets I think I can derive value from…the only other option is to collateralize loans with my Bitcoin … denominated in whatever currency the seller of the asset will accept.

The crux of that strategy is that the use of capital from those bitcoin collateralized loans has to beat return on equity expectations. Its “debt vs. equity” competition not “capital investment vs. bitcoin” competition.

In that way my bitcoin debt becomes the equity underwriting conventional economic deals. And the competition isn’t outperforming Bitcoin, it becomes outperforming traditional equity - likely private equity where equity expectations are 20%+.

That being said, right now the bitcoin loan market is far too shallow and short-term (6 months) and expensive (14%) to deploy this strategy widely and with sufficient risk-management to ensure you don’t lose your coins chasing projects but I believe it is where we are heading.

Ultimately Bitcoin has to engage in the real world in real financial markets.

There needs to be downward pressure on interest rates and outward pressure on duration for bitcoin collateralized loans. Only in that way will Bitcoin start to act as capital competing in the marketplace.

As an aside, in nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy rip with Matt Dines, Matt says these loans have a 3% fee!? Crazy expensive…I’m guessing just because the market is so shallow and they have to keep people employed. I would expect that goes down over time.

cc: nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx


https://m.primal.net/KEdG.jpg #quote #FrankHerbert


Again … the OGs need to zoom in … at least to the 2020/21 class … I’m widely aware of what you and others enjoyed during prior cycles. But the last 4 years have been mostly flat to down…at least relative to the “zooming out” you suggest.

Any maxis in the Class of 2021 who got into bitcoin because of covid have not yet experienced the personal validation and financial freedom you’re suggesting comes from “zooming out” … and it has been 4 years of stacking.


Goodmorning Mmm 💜🍀🧡🫂
https://video.nostr.build/919e3348e960e61cd8114bb929cee44c351851bfc59d114279bdd6b9325a52c7.mp4 Friday its Time to do things we never did before ✨🔮👽🔮 #Afterdark Fun 🍀 C-you later #Plebs 🫡


But at some point it has to go up. Otherwise it doesn’t “fix the money.”

Class of 2021 over here waiting for our first clear price action move to clearly hurdle our cost basis.

Personally, I’m not looking for $1M in the next few months…but I do think a significant appreciation (say $250k) is important validation for the newbies who have been stacking their hearts out.

If you can’t build wealth and deploy capital to build cashflow and change the world, then a lot of this bitcoin movement is virtue signaling…preaching to the choir.

The bitcoin OGs who are dismissing price action are moving the goalposts.


This is the way.

nostr:note1wff6dx6jl7x3tk7apraayx5up794sl5vfxegck8afkw6uxeczn8qlh82d2


Anyone know what’s going on with El Salvador and the IMF? How’s the relationship? What’s the next step? What other nations are El Salvador engaging?


Michael Saylor predicts #Bitcoin will hit $13 million on CNBC, stating it could capture 7% of global capital over the next 21 years.
https://m.primal.net/KlMQ.mov


Not yet.


nostr:npub13l3lyslfzyscrqg8saw4r09y70702s6r025hz52sajqrvdvf88zskh8xc2 👀

Please post more!


The newly oil rich government of Guyana needs to be consulted on the merits of bitcoin adoption.

Fewer than a million residents. They will have the highest GDP per capita in the world. An antagonistic neighbor (Venezuela). They’ve got one of the best situations to create a (LARGE) strategic bitcoin fund of any sovereign nation.


Funny we live in a culture that glorifies CEOs even when they weren’t particularly good at their primary, legally-defined objective: delivering shareholder value.

Ginni Rometty was announced as IBM’s CEO October 25, 2011 and it was announced she was stepping down January 30, 2020. A decade of poor performance.

The lack of accountability is a huge bug in the credit-focused fiat system.

#Bitcoin fixes this.
https://m.primal.net/Kkwj.jpg
https://m.primal.net/Kkwv.jpg
https://m.primal.net/Kkwm.jpg


New BGE category unlocked… 🤌🏼🌶💨❤🔥

cc: @WhiteRabbit
https://m.primal.net/Kkqp.jpg


Boom! Delicious!

I made some adjustments to amp up the spice. But great recommendation … value for value!!
https://m.primal.net/Kkqp.jpg


One thing that has helped me manage the volatility of being a bitcoin hodler is being an Auburn Tiger football fan.

The highs are higher and the lows are … well … losses to Cal.

War Eagle anyway! #WarEagle #WDE


At this point, the term “pot committed” is apropos.

📉↘↗📈🔥🚀


What do we need to do to get Tuur on NOSTR? nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw


Can we skip ahead 6 months to get today’s real job numbers?


Thank you!


FLOP SHOT!!

https://youtu.be/OEgLlWNKkVc


Bull market meet-ups are invigorating. Bear market meet-ups are necessary.


Gotta splash the sand, can’t be scooping it from that lie! 😂


Not the best position to take if we’re trying to onboard corporations and institutional investors.


Feels good, likes the diet. Just doesn’t want to have permanent scarring from the rash. She’s pushed through it a few days and it only grows and gets darker.


Adoption accelerates; everyone owns bitcoin while no one owns bitcoin.


Beef, eggs, raw milk, yogurt. We’ve thought about honey just for her. Or wine for both of us. Really looking to simplify.


No issues with her gall bladder. She really wants to eat pure carnivore but each time it has happened to her, she has had to reintroduce carbs. It just keeps us both from going full carnivore for a long period of time, mostly because of convenience. Looking for advice of how we can simplify the diet to increase the duration.


nostr:npub1dd8vnrczuer7q9zqk3emhkf207hzrcqmd2nvvh3jmw22xcyjyuhqdfuvr6

nostr:note12ry8jzx4vf26g7np6camw6c58c4e5j2a4dkys8ez82h0p8fsjwusa0fmxt


My wife breaks out in keto rash a few days into strict carnivore diet. Any idea how to treat / manage without breaking ketosis?

nostr:npub1508rk9udkqcvt0wdm5d20jdfzflvk9l3da764awcy95xpd6c357qkrtwu3


Why’d you stop with these?


The liquidations will continue until morale improves.


5 years from now.

Everyone: You were lucky.

Bitcoiners:
https://m.primal.net/KQen.jpg


No matter the original intent, the modern day TSA is an entrenched jobs welfare program. If I am feeling antagonistic, I’ll debate that it serves as a mass humiliation ritual … one of the only ones the population will go along with.


GDI, Beth.


Okay, I’ll take that premise. But I think the hurdle for writing for others is “what do you have to say that is unique?” … if you don’t have anything unique to say then I would challenge that you (1) should write for yourself or (2) should not write for others at all.


The market is reacting negatively this morning to extremely poor ISM manufacturing data.

Here’s the TLDR:
Demand fell, inventories rose (due to unsold stock), and prices *rose* (due to labor and shipping costs). In essence, this is stagflation (higher prices in a stagnant or slowing economy).

The Fed’s worst nightmare.
https://m.primal.net/KcSH.png


You should consider these efforts as writing for yourself. The concept of writing (especially content on social media) explicitly for the consumption by others is part of the problem.


TSA is - at best - a jobs welfare program and - at worst - a mass humiliation ritual.


I’d bet you totally pulled it off


Congratulations! Breaking free!


El Salvador still stackin’ 1 btc per day?


Bitcoin sets the risk-free rate.

That’s the product.

nostr:note1dh4vw6d02zxj94ljz98wyx0gxty84gqujcvkxy4wta8f08sukq0s66ay24


Taleb has serious Bitcoin Derangement Syndrome. He violates two of his key ideas in this clip: (1) he’s dismissing btc on the basis of its volatility, the very trap that he talks about in Antifragile, and (2) dude is sharing his opinion without taking a long or short position on btc - skin in the game or GTFO. He once had great ideas but his hatred for bitcoin has destroyed his ability to act rationally.

nostr:note168ju8svtamw5477n09zpgmdswd8lqas5cp8m2ef6w0h728qvymvs7rrxcz


Halving cycle over halving cycle, bitcoin sets the risk-free rate for investing money.

Wall Street isn’t ready for the implications … 🫨🤯🫥


Bitcoin sets the risk-free rate … “doing nothing” is an entirely viable alternative to “doing something.”

nostr:note1hauqgxvy8hj844elcmjrv0hv3t07srxaefmcklpctxmcy5f2w3jsu8q5vk


Perhaps we need some different voices getting in front of the institutions to accelerate bitcoin adoption.


I think the macroeconomic backdrop will accelerate bitcoin’s price performance to outperform the power law model.

The amount of easing required to “fix” the treasury markets globally is going to be silly.


Okay, so you’re saying the power law model gets the timing right on bitcoin’s mass adoption? Because every pricing model is trying to represent the timing of bitcoin’s price appreciation, right?


The model works until it doesn’t. Just like S2F … if any major government / company decides it’s going to buck the dollar in order to cement its future relevancy, every model out there becomes irrelevant immediately.


Where is bitcoin’s volatility hiding?


Set your VPNs to Brazil. Overload the censors.


VPN >> NOSTR >> bitcoin

nostr:note1rpnhqda3p6yc8w4egz4dcjv09yvcx4h8rqleuwsun3ppeee6xfds4hs26v


Monetizing the waste lowers the cost of the primary offering. Bitcoin mining will be complementary to, not competitive with, retail electricity markets.


Bitcoin mining is a ruthless competition. If a bitcoin miner is paying too much for electric, they will eventually go bankrupt and turn off.

Electricity is a primary cost of Bitcoin miners. Bitcoin mining is geographically agnostic, modular, interruptible demand. Bitcoin miners will find the pockets of free electricity wherever they exist.

And waste, curtailed, and stranded energy sources are plentiful out there in the real world. Eventually Bitcoin miners will be mining exclusively with “free” electricity. Or they will go bankrupt.

nostr:note1muv97vmgm6c47c2xp820020007py0erc3hc7l2258s8h29vvv40s2njayl


Olá, Brasil


Brazil is gonna convert a whole bunch Brazilians into NOSTRich bitcoiners


The cost of enforcing regulation will be the downfall of regulation. Bitcoin fixes this.


Geopolitically, dictatorships will be the first to adopt bitcoin simply because they’re not ruling / deciding by committee. Same with small, private companies vs. publicly traded corporations.


This is the stupidest thing I’ve heard this week. WTF is that guy and why does he matter?


The valuation change is likely permanent but do you think the funds believe they can push a few years down the road?

As with most things, timing matters. When will the CRE credit crisis hit? If banks and investors are okay changing terms and delaying payouts couldn’t this futility last several years?


5 years from now.

Everyone: You were lucky.

Bitcoiners:
https://m.primal.net/KQen.jpg


The liquidations will continue until morale improves.


True. It represents the productivity of all past & future buyers.


Hello my fellow PSYCHOPATHS.
https://i.nostr.build/rd13pmTCW9iDwwPn.jpg
https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0305178


Utilizing NOSTR makes Twitter obsolete.

IMO, there are far too many bitcoiners who are far too reliant on Twitter for their reach. At this point, it is a challenge to the bitcoiners who are reliant on Twitter to figure out how to change their business models to achieve success without the reach afforded by the centralization of twitter.


I want more of these tangible insights on NOSTR. Thanks!


Except for golf clubs…there is always budget for golf clubs.


"If you abolish the Federal Reserve, what do you replace it with?"

Thomas Sowell: "When someone removes a cancer, what do you replace it with?"
https://m.primal.net/KPkJ.mov


This looks delicious! Wow!


Bitcoin sets the risk-free rate … “doing nothing” is an entirely viable alternative to “doing something.”

nostr:note1hauqgxvy8hj844elcmjrv0hv3t07srxaefmcklpctxmcy5f2w3jsu8q5vk


Halving cycle over halving cycle, bitcoin sets the risk-free rate for investing money.

Wall Street isn’t ready for the implications … 🫨🤯🫥


Margaret Thatcher on climate change
https://m.primal.net/KPWm.jpg


Dreaming of buying real world assets and running them on a bitcoin standard.

GN. 😴💤💭⛳🏌♂


I think it is more related to the size of his reach on Twitter relative to NOSTR … the need / impulse to monetize one’s Twitter following is real and hard to get over.

Props to nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx


Why is nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u still on Twitter?


How are your conversations going with these institutional investors? What’s the hold up?


Coming soon to bitcoin country
https://m.primal.net/KLEG.jpg


“Show me the incentives and I’ll tell you the outcome.” -Charlie Munger

NOSTR has an incentive problem.


It’s been quiet on the Commercial Real Estate market front.


Can’t zap gold.


There is a lack of macro content over here. However, there is (broadly) a lot less engagement over here than there is on Twitter. Kinda feels like shouting into the void. But I would welcome your contributions over here … one voice at a time.


I wonder how much the bitcoin price action impacts the mood and activity on NOSTR…do you think there will be a boom of activity over the next 12 months if the cycle ends up playing out like it has in the past?


I have worked the last 4 years to improve my golf game. It’s the first time in my life I’ve invested my time, energy, and focus into a hobby.

Just looked back at some of my scores from when I first established my handicap in 2021 … huge progress made over years even though it doesn’t feel like I am improving round over round.

It was a good reminder for me that progress is slow but consistency and commitment does yield results.

https://m.primal.net/KCOj.jpg
https://m.primal.net/KCOk.jpg


Not working for me.


FOLLOW MORE PEOPLE.

REPOST MORE NOTES.

BUILDING OUR RIDE OR DIE WEB OF TRUST ONE NPUB AT A TIME.

GOOD MORNING. 🫡


Why Nostr is struggling…

There is too much of an overlap with X, not only in the feature sets among the primary applications, but more importantly, in the kind of audience that Nostr is catering to.

Sure..censorship resistance at the protocol level is a differentiator, but the to the average person, you may as well be talking gibberish. They don’t know wtf a protocol is in the first place - let alone why it matters for censorship resistance to happen at that level, or more importantly, WHY they should trust Nostr to deliver on that promise. “Bcoz nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m said so” is not an argument.

————

Bluesky is a case in point here.

It’s got a VERY similar feature set to X, claims to be open source / censorship resistant (similar narrative to Nostr), and is growing MUCH faster than Nostr, bc it has captured a key audience, ie; people with TDS and EDS (Elon Derangement Syndrome).

https://www.reuters.com/world/uk/bluesky-signups-surge-uk-amid-musks-row-with-government-over-riots-2024-08-13/?

I’ve been on there a few times, and the content quality is enough to make you want to throw up….but at the very least, it’s working for that kind of content, and for the people who want it.

I don’t have a direct answer here..but I think it’s something to do with the over-emphasis on technicals.

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 mentioned increasing the emphasis on design the other day. I agree this is a move in the right direction. We’re taking a very design-focused approach with nostr:npub15xd2mmjnh3caykh77djsv73e0zkrp42jp5mwerx8f4m6su40wdvss7t3l3 (we’ll have ALOT more to show in the next 6wks).

That being said, it’s not enough.
IMO, Nostr is technically mature enough for us to go out there and talk about it to more people, and build a narrative BEYOND the 500 of us that are talking to each other on here.

People like nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft or nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc can correct me if I am wrong here. Maybe there’s alot more to do technically.

But if I am right, I’d like to see more initiatives that are marketing oriented being supported by nostr:npub17xvf49kht23cddxgw92rvfktkd3vqvjgkgsdexh9847wl0927tqsrhc9as and nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f and other coalitions. Maybe we even need a council of Nostr businesses, who together pool some funds to help drive some marketing initiatives?

Whatever the case, we need to expand upon the Nostr narrative, make it more compelling and speak to more people about it.
At the very least, we have to conquer then Bitcoiners. If we can’t get the segment who are into freedom money onto the freedom of speech network, we’re DOA. That’s a first step.

I know nostr:npub1hz5alqscpp8yjrvgsdp2n4ygkl8slvstrgvmjca7e45w6644ew7sewtysa is working on a very cool initiative in relation to this. The Nostr Booth is IMO a great way to make Nostr more “real” for bitcoiners by having a physical presence at all the conferences.

I know nostr:npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8 + nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 are doing some Podcast outreach. That’s super important too. nostr:npub16vrkgd28wq6n0h77lqgu8h4fdu0eapxgyj0zqq6ngfvjf2vs3nuq5mp2va and crew are putting on Nostriga. Amazing. nostr:npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr / nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg are doing great things with nostr:npub1spdnfacgsd7lk0nlqkq443tkq4jx9z6c6ksvaquuewmw7d3qltpslcq6j7, etc on the content side. I’ve got some things up my sleeve personally which I will begin to do once nostr:npub15xd2mmjnh3caykh77djsv73e0zkrp42jp5mwerx8f4m6su40wdvss7t3l3 is in a position to represent a NEW kind of Nostr-product..

But we need MOAR..

And…we also need to find another angle that is NOT about censorship resistance. That’s clearly not working against X.

I don’t know the EXACT narrative or spin, but it has to be more “running towards” than “running from”.

More white pill, less black pill.

Anyway.
I will probably turn this into an article. I’ve been thinking more and more about “writing in public” as we build Satlantis, and sharing more about how we’re thinking about growing a “network product” on top of a “network protocol”.

If you think this was valuable, please repoast so more people can see and get involved in the discussion.


I’m glad nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs gave that keynote to bt. It’s the first time I’ve ever heard an influencer admit how hard it is to succeed in bitcoin. The orange pillers constantly parrot that it is easy to hold, but that’s just bc they are noobs and don’t have material bags. I’ve had a lot of success in my life (school, career, sports, etc.) and a lot of challenges, and being successful in bitcoin was by far the hardest thing I’ve ever done. So when normies and ops act like earlier Bitcoiners got lucky, I roll my eyes. They are delusional. It is a lonely path where everyone is betting against you and you have to be like nope, everyone is wrong, and I’m right. Conviction is everything. They’re laughing now, but I will get the last laugh. Now that this mainstream and we were right, it’s only natural to have an immense sense of self confidence that we can tackle anything in front of us. The pre etf era was the Wild West, there was no blueprint. The spoils go to the victors. If anyone tells you you were lucky, that is a big red flag. They are jealous and envious. The crazy part is people like hodl and I were altruistic in our journeys and all that amounted to was bitter and resentful relationships, but ultimately it was a small price to pay to be right. Cutting out these toxic relationships is a small price to pay to escape the matrix and have ultimate freedom. They can hfsp. This is about individualism, the orange pillers with their socialist utopian ideals never understood bitcoin in the first place. It is a game of accumulation of sats, not followers and likes. That is the fiat game. That is ending quickly.


Network effects are critical for social networks / digital products to work. This is because every connection compounds the value of the product.

Facebook achieved its network effect by starting at elite universities and teasing false scarcity in the roll out of their product. It was cool to be on Facebook and not everyone had the opportunity. When a new user base had the opportunity to participate they opted in, and many became instantaneous heavy users.

While the free speech angle of NOSTR is cool, the network effect isn’t happening. I follow 800+ accounts but the same couple dozen individuals are active … and there isn’t a lot of compounding effect in the engagements.

How does this change? Will the NOSTR developers make it long enough to let the network effects occur naturally? Are the financial incentives enough to make this ecosystem function?


I have had a ‘Nym where I don’t zap. It is much more “followed” than this account and that’s fine. But I’ve learned somethings since I went legit.

From this account, I have been zapping like crazy on this account. Two things I’ve noticed…

(1) besides nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx and nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m  no major influencer zaps in any meaningful amount.

(2) my zaps are meaningful on nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg “most zapped in last 4 hours” search.

Both are entirely pathetic. Be better NOSTR…


Feels like something meaningful should happen in the global macro theatre sometime soon. 📈🔥🚀


As the free market deteriorates because of their involvement in manipulating markets, politicians will continue to involve themselves more with more market manipulation which will lead to further and accelerated deterioration of markets.


How much longer can “THEY” suppress bitcoin’s purchasing power?


By design…

https://stocks.apple.com/AqfzdOrMHRIq9ZBI66wewKQ


Just 4 months ago people around the globe were locked out of owning a #BitAxe due to price gouging by large retailers. This was completely unacceptable to us. This is why Solo Satoshi was born.

   No matter how hard some try to make us out to be the “bad guys,” we will always do the right thing and stand by the Bitcoin community.

   With Solo Satoshi around, #Bitcoin mining will stay affordable for everyone. We’re only just beginning.
https://m.primal.net/KAuz.jpg


Also, there isn’t much talk about sun activity.
https://m.primal.net/JzWB.jpg


No.


Taleb has serious Bitcoin Derangement Syndrome. He violates two of his key ideas in this clip: (1) he’s dismissing btc on the basis of its volatility, the very trap that he talks about in Antifragile, and (2) dude is sharing his opinion without taking a long or short position on btc - skin in the game or GTFO. He once had great ideas but his hatred for bitcoin has destroyed his ability to act rationally.

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Bitcoin sets the risk-free rate.

That’s the product.

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What’s the timeline you’re thinking? How suddenly are we talking?


An observation sorta related to this … a lot of bitcoiners haven’t come to grips with the impact of money priced at 65% annually. A lot of conveniences (maybe social media at large) doesn’t exist with a hurdle rate that high…


(1) accountability is defused in most companies
(2) most of the workforce is completely oblivious to macroeconomics
(3) not enough proven examples of bitcoin clearly helping companies


What does this accelerated charging approach do to long-term battery health? Does the battery lose its charge faster when idle? Battery technology has so many trade-offs.

And the baseline for batteries is considerably worse than ICEs run on hydrocarbons.


Amazing!


He has a legal obligation to his TSLA shareholders, after all.


Chin up, your intentions were pure. Sorry you’re feeling the way you are feeling, definitely sounds like an awkward situation. Following to see the responses others offer … I’ve got a young little gal so this is very relevant for me. Thanks for putting yourself out there.


Promising Young Woman
1917
Downtown Abbey 1&2
Last Night in Soho
Little Women
Zombieland: Double Tap


Which RTJ is that?


I’d love to see how you made this, looks delicious!


Could it be that Clinton / Gingrich are the best American political tandem since 1971?


Yes, Trump was even bad even before the covid response. Both sides need the money printer brrrrring, neither side wants smaller government.


The implications of this are critical. If there is debt against the asset, the debt gets paid - IN FULL - before equity claims are paid.

In a world saturated in more debt then there is future asset value, there is no equity in that system.

We see this show up in the claims on individuals’ productivity both in explicit taxes (income, property, sales, capital gains, etc.) as well as indirect taxes (inflation). The debt taken out by prior generations and large institutions without personal liability for the payment of the debt now has a priority claim on humanity. It must get paid off first.

Freedom is akin to equity. Anything above and beyond the debt is ours to keep. Unfortunately, because of the legal definition of debt, there is less equity value / freedom in the world today.

We’re all subject to the debt commitments we had no part in making.


Every company can’t employ this strategy. As the strategy gets crowded, the market will function similarly to debt markets … at the extreme, if ExxonMobil decides to deploy it, then capital will choose them over Marathon bitcoin mining doing the same strategy. The stability of cashflows is paramount to the fiat debt to build a treasury reserve strategy and bitcoin miners have nearly the opposite dynamic.


The MicroStrategy #bitcoin playbook works for companies with steady, recurring cashflows. SaaS works. Oil and gas E&P works. Logistics works.

Bitcoin mining? Not so much. Cashflows are too volatile to cover the debt obligations.

I’m skeptical of MARA’s recent announcement. Makes me think they’re working to offset some short term liquidity issues. Also, they’ll use the added liquidity (if they can secure it) to ride this next bitcoin bull run and likely enter into a different business (i.e. energy).

But the MicroStrategy playbook works because MicroStrategy can DCA and smash buy without reliance on bitcoin price for their cashflows. This won’t end well for MARA without some major adjustments to their business model.


A friend of mine asked, “what are they REALLY going to do to him?”

I’m very interested in the answer to that question and hope he calls their bluff. Judging from his response on Twitter, I think he just might be daring them to do something tangible.

He knows The People are with him.


What are your thoughts on what is taking so long with the sovereigns? Specifically the Middle East, I thought they’d be among the first movers. Even more specifically, Iran since they are among the most impacted by the consequences of the dollar’s reserve status.


I like how this St Louis Fed post blames people for banks’ failings.

Flip it around. Banks irresponsibly created way more claims for gold than they had gold, kept defaulting, and lost trust. So the government made gold illegal to own for like 40 years.

There was no “shortage” of gold in the Great Depression. There was an excessive amount of fraudulent promises for gold, made by commercial banks and central banks.

https://www.stlouisfed.org/open-vault/2017/november/why-us-no-longer-follows-gold-standard
https://m.primal.net/JxGW.jpg


Taleb has serious Bitcoin Derangement Syndrome. He violates two of his key ideas in this clip: (1) he’s dismissing btc on the basis of its volatility, the very trap that he talks about in Antifragile, and (2) dude is sharing his opinion without taking a long or short position on btc - skin in the game or GTFO. He once had great ideas but his hatred for bitcoin has destroyed his ability to act rationally.

nostr:note168ju8svtamw5477n09zpgmdswd8lqas5cp8m2ef6w0h728qvymvs7rrxcz


When is nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z going to get a segment on CNBC’s SquawkBox?

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When is @preston going to get a segment on CNBC’s SquawkBox?

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Debt is a priority claim on an asset.

Equity is the residual claim on the remaining value of the asset.

Simply, these are the legal definitions of the two basic types of financial instruments.


Bitcoin sets the risk-free rate.

That’s the product.

nostr:note1dh4vw6d02zxj94ljz98wyx0gxty84gqujcvkxy4wta8f08sukq0s66ay24


Bitcoin sets the risk-free rate … “doing nothing” is an entirely viable alternative to “doing something.”

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You’re doing great. Keep it up.


Are you referring to selling or dying? Unclear by your message.


Glad to have you over here. What’s the secret to getting more followers so quickly?


We need more of the content you and your peer group share on Twitter over here. Lots of good vibes but the content is dramatically worse than on Twitter.

I just created this key so that I could be myself on NOSTR. ‘Nyms are fun but we need some legit content here too.

Thanks for coming over and posting.


In 1971, the world moved from a gold standard to a real estate-backed credit standard.


I think we might need to lower our time preference. Look at the challenges facing Twitter right now…and they have advertising. Our alternative is buying bitcoin with the dollars being spent on NOSTR development. Growth isn’t the goal, quality is.


Miners have to be feeling this low hash price … how many secured flexible credit financing (i.e. revolvers) to weather the immediate post-halving storm? If everyone has the fiat financing, does that just stave off the mass capitulation for later?


Do you think that if the Left was more aligned with the Democratic platforms of the 70s-2010 that you might have better luck convincing them that bitcoin circumvents the power of a large government / corporate machine oppressing the freedoms of the individual?

Soon after Occupy Wall Street, it feels like the Left aligned itself with a “govern me harder” platform vs. the previous focus of policies that prioritized the individual over the corporation.

Through the prior lens, pockets of Democrats might have been among the first groups to “get” bitcoin (i.e. Rage Against the Machine). However, now that the D platform aligns with a government / state-aligned corporation … a threat to centralized control is counter to the Left’s current priorities.


Point of clarification — there were only a few of Olympic games before 1913. Wikipedia says only 3 games (1904, 1908, 1912) awarded pure gold medals and “they were smaller”.


The comment is relative (between two parties) not absolute (man vs. time).


First rule of negotiation:

Control the clock.


Some thoughts:

Facebook started with high-end universities, tuned the initial experience to benefit care-free college students, and created its network effect through elite circles first.

Vine vs. TikTok? No idea.

Google Circles was trying to directly substitute for a product (Facebook) that had an insurmountable network effect. It was too hard to get everyone to start over on an entirely new platform for essentially the same experience. One social network was enough for most everyone.


Just be sure you’re allocating your capital efficiently! Would love to see Norway be a leader in bitcoin mining. Good luck!


“Put some skin in the game, Nassim. You wrote the book on it, didn’t you?” - Joe


Not everywhere will be the first. The cost of convincing is real both in actual cost terms as well as opportunity cost terms.

Texas is huge for bitcoin … tons of waste, curtailed, and spare energy in a favorable political / regulatory regime. I’d expect that Texas’s success will be more convincing for other regimes missing out than the pleas of a small group of passionate citizens.

Regimes will get FOMO…good thing for you is that Norway is sophisticated so they’ll be one of the first regimes to realize what they’re missing.


Debt is a priority claim on an asset.

Equity is the residual claim on the remaining value of the asset.

Simply, these are the legal definitions of the two basic types of financial instruments.


Norway has one of the most progressive views on energy and its commercialization in the world. They actively try to export their socialistic approach to energy commercialization to the rest of the world.

It is not surprising that they view bitcoin mining negatively given that bitcoin mining is difficult for any State apparatus to administer and manage.

It will be difficult for them to maintain this position over time but I am bearish on Norway being on the leading edge of jurisdictions embracing bitcoin mining.


Everyone should be ALL IN on something during their life. 100% conviction and commitment.


This is a good observation re: incentives. The “problem” with the deflation of sound money economy is that competition drives the price down to the marginal cost of production of the lowest cost competitor.

In the software space, that means the cost of maintenance which is relatively low compared to the cost of standing the code up. If there is no ongoing profit, there is very little reason to take the risk and make the upfront investment to build.

The result of sound money is smaller, quality oriented goods, services, supply chains, and cultural contributions. As the growth & consumption oriented fiat model has yet to be phased out, there is a huge problem for the bitcoin developers who live in a fiat world but are building for a sound economy.

Props to those fighting the fight.


One of the things that legacy social media has developed is each platform has its “job to be done.”

LinkedIn … professional
Twitter … current events / commentary
Instagram … showcase / dream
Facebook … community engagement

NOSTR clients don’t have that same definition. Whereas I held on to my LinkedIn profile far longer than the rest, it had clear methods of activating its usefulness - albeit using the legacy system.

While NOSTR is fun for bitcoiners to high five and lament each other, the next step - the most important step, IMO - is coordinating real actions between networked individuals.

I set up my real profile here for that purpose…I’m kinda skeptical sitting here on day 2…let’s see how it goes.

**Shouting into the abyss of the protocol to my 1 (probably bot) follower right now.**


I agree and am interested in their discovery process. Is the process one full of strategic, collaborative decisions (i.e. current corporate approach) or is it ugly, clumsy, and urgent in the face of tumult?

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Bitcoin should set the “risk-free rate” which is used in all investment decisions for every individual, corporation, and government.

What happens if instead of discounting future cashflows by 10% annually everyone uses 50% against those same cashflows? And how would such a dramatic increase in the cost of money impact the size and timing of the cash flows?

The implications would be massive.


I look forward to the day I can buy a 1/1 nostr:npub1ndketdm2qyv35nrhsxzks8kh7w7w6tll4rjp29hv0qjqkgfjsh6snmgk2v … appreciate the hard work

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Just set ours up today. We’re playing that forever lottery.

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Deleted my last legacy social media account.

NOSTR only. Bitcoin only.