He used to praise cyber hornets. Now he degrades them as anarchists. Oh well. Buyer beware.


Exactly. Well played. And the best part...Saylor wants taxpayers to bail him out when it all goes wrong. Like, who wouldn't. Right?


"BEWARE OF FALSE PROPHETS, WHO COME TO YOU IN SHEEP'S CLOTHING, BUT INWARDLY THEY ARE RAVENOUS WOLVES." - MATTHEW 7 15

(He's worse than an idiot, for those that aren't understanding his greed and the corresponding risks. Follow the incentives.)


Now that is really funny!


Like you, nothing about money or it's creation in college economics, or graduate work in finance. 👀


Not lucky. Your choices are 🔥🔥🔥. Rock on.


Love Three Doors Down and Linkin Park.

Lately been vibing to Away From The Sun. If you think of the sun as truth/bitcoin, you can feel the regret of addiction to fiat.


If you are turning to religion to justify drug usage, it sounds like a stretch. Sorry.


Well isn't this an especially uplifting and heartwarming post Suzie! 😊


#bitcoin is life in the digital realm. Here's why....

Time is infinite. Life, however, is defined by scarcity of time. Life, therefore, brings value to time.

Digitization is an infinite representation of the physical world. Bitcoin, however, is digital scarcity. Bitcoin, therefore, brings value to the digital universe.


The power of the bitcoin network

nostr:nevent1qqs8zm68yhngqhzpaaxleq5s46gsqh607s50kjatu0uxd206gkh4rsgppemhxue69uhkummn9ekx7mp0qgstjdsvmqytynktl5p4wheavda3uck2nl4yzkkx0dk9ky00zheg6psrqsqqqqqpxwfn9y


Saylor is put up on a pedestal, and portrayed as a maxi totally committed to the ethos of bitcoin. His strategy, however, to loan bitcoin to "too big to fail" banks, dumping his tail risk on innocent taxpayers payers, to earn interest, encourages risky banking behavior bitcoin was invented to counter. No judgements if he chooses to loan his corn. But he isn't the maxi / HODL'r he claims.

Of course, the "influencers" who preach the benefits of freedom and decentralization -- yet embrace and support X all day long -- are also hypocrites.


"No sun outlasts its sunset but will rise again and bring the dawn." Maya Angelou


From his convo with Saif, it doesn't sound like Saylor wants to loan bitcoin to anyone except "too big to fail" banks, effectively willing to maximize his return with the expectation taxpayers will bail him out when the banking system's rehypothication all goes wrong.

Nothing illegal with borrowing or lending, and I appreciate Saylor's transparency, but his willingness to dump his tail risk on innocent taxpayers, just so he can earn an additional 5%, is NOT consistent with bitcoin's reason for existence, which is a protest against harmful bailouts and the  rehypothication.

People just need to realize Saylor and MSTR's greed and outsized risk appetite fuels the type of destruction which bitcoin is designed to avoid. He is not a maxi.


Play the long game, doing things right, and trusting in truth

nostr:nevent1qqs8kr8pca2znsapmxgkkl2mcpz5kh3ec9l2ewqgwwa45hgggk79a3cppemhxue69uhkummn9ekx7mp0qgsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgrqsqqqqqpz3eec7


Happiness results when you "play for the love of the game," not because you care about the outcome. #PV


If our destiny relies on Donald Trump, as Elon says, lord help us.


GM, good sir.


Uh-oh. Who is going to pay all that debt? 👀


Love will conquer all.  Thanks for sharing.


Energy + time = life.

#bitcoin is life, dematerailized.


You will always struggle. We all do. It is an addiction. But you can do it. Fight through the cravings. Step by step.  Progress, not perfection. Love yourself.


For macro commentary, I find that nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm and Luke Gromen analyze the world through different lenses, and taken together can help triangulate the issues, over time, very well. Luke is particularly insightful in this week's interview on Macrovoices #448, shining a light on the cumulative, geopolitical trends impacting the dollar versus gold, oil and #bitcoin.


Be humble. Stack sats. You are doing fine. 😉


Lifelong memories


Welcome, Tara. Under the heading of dazzling profundity and deep thoughts on a Sunday afternoon....

Humility is the recognition of a world bigger than you, an expression of spirituality and faith, which supports self care and freedom. Sats are a symbol of truth and reality, as is Nostr.

"Have faith, choose truth" <--> "Be humble, stack sats" <--> "Let go, use Nostr"


Kerry is correct: Democracy and free speech is energy intensive and often slow. Where he is wrong, and why he sounds like a communist: It is a feature, not a bug.


Liquidity sponge

https://image.nostr.build/e153a758c1ffc63bc7528a84daadbc0dcaf98b7f9bc34098a2685c7b46da3584.jpg


Zuck = 🤡🌎


Earlier in the interview he argues that, long term, bitcoin's price is independent from that of stocks, but that the short term correlation and factors influencing price can vary. So, the statement that equities or other macro factors have no connection to bitcoin is a bit odd, in that it is unclear over what period he is referring (ie, clearly there have been many periods of correlation).


Feeling a lot of love and gratitude for the freaks and nostriches today. Have fun, remove expectation from your actions, and just play for the love of life.


Inflationary


You have come to the right place. 🫂


Saylor is playing fiat banker games: He is willing to dump his losses on the backs of hard working taxpayers and accept bailouts. These are similar games to those that gave rise to bitcoin as their antidote. No judgements. Folks just need to understand they play with fire when supporting him, and question whether he is really trying to help.


In his discussion with nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9usy2c9y, nostr:nprofile1qqs2xs05tluhtr6hpgsmqqxp04898gayjlyrjlexcrndv8j6el784xqpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9uq42ldx suggests the benefit of earning 5% interest from loaning his #bitcoin to "too big to fail" banks outweighs the potential harm to society and innocent taxpayers. It is "just a function of risk appetite."

Saylor owns a lot of bitcoin. He is highly intelligent and understands the value of its scarcity, and the fiat system. He deserves credit for transparency, and there is nothing wrong or illegal with borrowing or lending money. But Saylor does not appear to have internalized the reason for Bitcoin's creation or it's core value to society -- i.e., "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

Whether purposeful or not, I hope that a combination of greed, large risk appetite, size bias, set against the "holy grail" of profit maximization, does not ultimately cause more harm than good.

nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpz4mhxue69uhkummnw3ex2mrfw3jhxtn0wfnszynhwden5te0wahhgtn4w3ux7tn0dejszxthwden5te0wdjkuerfwshxummnvekxzun99e3k7mgrcp7e2 nostr:nprofile1qqs879mhq6kkuzh2wk57xdzanl76uem8d7hlyjd7v4a4jcm4u88d8ygpr3mhxue69uhkummnw3ezumt4w35ku7thv9kxcet59e3k7mgpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet57ehqsq

https://youtu.be/k7XhzXMSAPo


If Cathedra is trying to run the Microstrategy playback, it could be a problem if they don't have access to cheap capital.


Not attaching expectation to your actions is super hard, but the path to unconditional love.


Maybe I'm not thinking about this correctly, but when the Fed can simply monetize the debt, I'm not sure the issue is solvency. I'd think of it more as an inflation crises, resulting from the monetization ... which lowering interest rates doesn't fix either.


When you no longer care if the price of #bitcoin goes up or down, or your followers or "reach" on social media, but rather gain inner peace and tranquility from being aligned with truth and freedom, you detach and "separate from the tribe" without fear or loneliness, but with love, appreciation, and a simple desire to advance the cause.


We are taught to believe in others and not ourselves, leading to expectation, dissappointment, sadness and conflict.

#bitcoin teaches us to believe in ourselves putting trust where it belongs, in each of us, leading to acceptance, fulfillment, happiness, and peace.


The real tragedy is that the manipulation is in plain sight, and people are conditioned to believe it is normal, it is needed, and it helps them.

"The greatest trick the Devil ever pulled was to convince the world he didn't exist."

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The real tragedy is that the manipulation is in plain sight, and people are conditioned to believe it is normal, it is needed, and it helps them.

"The greatest trick the Devil ever pulled was to convince the world he didn't exist."


Jack's posts sometimes feel like Forest Gump when the Aging Hippie asks him for a good slogan for a bumper sticker.


Control what you can control, and have faith in the rest.

nostr:nevent1qqsx0rk8ka9r977nyt55pamnl8jv9tw38flfh9zjy85uwqmue77cjqqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygyd6rxgsp2xma0fdcyy0qkmp7327ut4jks86j6vgru054pg4hkk85psgqqqqqqsjjchks
nostr:nevent1qqsx0rk8ka9r977nyt55pamnl8jv9tw38flfh9zjy85uwqmue77cjqqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygyd6rxgsp2xma0fdcyy0qkmp7327ut4jks86j6vgru054pg4hkk85psgqqqqqqsjjchks


You never get bored with self sovereignty and freedom.


You know, I'm something of a $1.15Tn market cap guy myself.


If it is truly obnoxious, Peter and Danny will talk about themselves, the new podcast, the studio, etc, etc, for about 15-20minutes of each show.


No doubt. https://image.nostr.build/104068fde8605eab4c8027c29e2165aa20f576a317ab1e9be9eb07da7a3dc639.jpg


Progress, not perfection!


If you look at a plate with a cheeseburger and fries, chances are only 1/3rd of the calories are from the meat. If you pass on the bread and fries, etc, no one is used to eating 3 burgers (and you don't really need to do so either)!


This isn't a slippery slope, it is just stupidity. The same way some US colleges stopped requiring freshman to know how to swim, because it was racist.


The #bitcoin rabbit hole is a deeply personal journey, shining light on cognitive blindspots, discovering truth in the world, and yourself.  It is hard. Like overcoming any addiction or dark shadow, it requires honest introspection and the help of community. But, the rewards of happiness, serenity, and freedom are life-changing. Enjoy the journey, with much thanks to all who are contributing to our success.


Honesty and full transparency is hard, but always wins. The "walled" gardens are not honest and transparent, made even worse by the distortion of political agenda.

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🙏
Enjoy being the best you.


I was listening to a rich, US citizen say a wealth tax is beneficial because it would help stop the growth of the deficit.

I noted the assumption that politicians would not use the new revenue to borrow up to ~20x it's amount (at a ~5% interest rate), and increase spending, the deficit, and inflation. "Do you trust any politicians not to borrow against the new revenue and spend?" No answer.

The fundamental problem is not economic, it is political.


Steady, lads!


Truth

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Very, very beautiful day. Appreciate all you do.


Good advice!


What could possibly go wrong?


Came for the money, left for the money. Bye, bye.


Bharat Ramamurti is a graduate of both Harvard and Yale, and should know that there are no gains, of any kind, factored in property tax. Awful.


Property tax is not an unrealized gains tax. Nowhere in your property tax bill are they calculating any sort of gain. The tax rate applies to the assessed value of the home.

Bharat Ramamurti graduated from both Harvard and Yale. He knows better. Shame on him, and those like him.


Nico,  we know this has been tough. You do great work. Just know, you will be stronger for it all in the long run. 💪


Good advice. And, better yet, in season produce is cheapest. Win, win.


Zaps are a form of free speech.


Love it. But I'm almost channeling everything other than Nostr as the jungle!  🤣🤣


Bringing attention to it is good, but I'm not sure that we should laugh at mental illness. Same goes for Trump, who I've also heard described as "hilarious." These people are causing harm.


Some of the other transactions may be part of a Coinbase service that gives unlimited, no fee transactions for a flat, annual fee?


Any recommendations on good value hotels, restaurants,  cool sightseeing?


Happy #Bitcoin Infinity Day, freaks!

Healthy choices are a gift to yourself, and those that rely on you.  A partial menu of ideas is below. #PV

Be humble, stack sats (preferably at daybreak) -- with bonus points for...
No alarm
No caffeine
No alcohol
No drugs
No porn
Low time preference
No ultra processed food or refined sugar
Exercise
Laughter
Learning something new
Teaching something old
Hope for humanity
Belief in power bigger than yourself


Might change to "Having access to people with different strengths than yourself is a blessing, not a threat."  We are all smart, in our own way.


🎯 We are all products of our environment. If your take the time, and find the courage, to cleanse your environment of outside influence and focus on learning, accepting and loving yourself, without the distraction of external noise, you can find peace and serenity. You can then choose to re-introduce influences which compliment and add to happiness, without comprising truth. I think the tough part is conquering the loneliness, which is the withdrawal symptom, and filling the void with trust, love and faith in yourself.


Beautiful wisdom. My deep thought for the day: Problems start when people make short term or harmful decisions to fill their voids. Instead, try to make choices which allow for sovereignty over the long-term. Live below your means. Don't react to the latest crises or fad, just listen and think, ask questions, then choose to act or not. Stay flexible and open-minded, admit when you are wrong, building conviction slowly, like water flowing down a stream, allowing time to reveal the best path.


Hodl
On
Plebs,
Eternally


We are all seeking fulfillment and purpose. The problem is when people allow themselves to be manipulated in its pursuit. (Deep thought for the day.)


You can add aerobic exercise to the short list of best practices, but 💯🎯. Stop eating ultra-processed industrial garbage, bread and refined sugars, fight through the sugar withdrawal for a week, eat lots of fiber and beef and eggs, and watch your health rebound like you never imagined. #pv

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Good day, channeling that PV vibe.


Ha!  How many halvennings before we notice a difference in public service?


If the price of #bitcoin is infinite, the power of global, virtual, decentralized community is infinite. Power to the plebs.

♾/21 = 🌎💪


👍 #bitcoin reveals corruption in government practices.


Profound! 😊


Be the change you want to see.
https://image.nostr.build/6708f58e0fe376850b939f856672c5ab1a01a603c521b667dea53076948b84cf.jpg


I cringe when thinking back to the introduction of margarine, marketed and promoted as a cheaper and healthier alternative to butter.

Criminal is the harm from fiat food.


If we want to point the mirror in a different direction, I suspect that you could replace "Bitcoin" with  "Nostr" and draw similar conclusions.


I hate to say it is all about the money, but it is all about the money.


Greetings, and best wishes, from across the globe.


A stronger recovery would show bitcoin going up, while stocks went down.


Talking to CFO normies, saying "look how fragile the financial system is when Japan can't raise rates +0.25% without causing panic across the globe." They don't get it. And then they tell me bitcoin is a ponzi, which, after you scratch below the surface, is code for "no one taught me the value of scarcity in college, so it isn't an investment."

So, my thought for the day: Bitcoiners, enjoy Summer, sun your privates (or whatever defines PV for you), take time off, and enjoy life ... because, holy fuck, we are so early yet, it is totally mind blowing.


In true bitcoin fashion, I'll be the contrarian with low time preference: take at least a couple weeks for you. It is not weakness to take a break.


The more interesting question might be why the CIA wants people to think it is Satoshi, at least for a period of time? 👀


Bitcoin is life. Spend it wisely. 🤙


Wonder if the Asian markets are headed for a rough start here shortly.


Finance/insurance looks to employ about 9 million people in the US, contributing under 10% to US GDP, about $2Tn. These stats are circa 2020s.  Any idea what the ratio was pre-1971, or over time?


I think I might cry. Thanks for sharing.


...and truth


Not your custody, not your gold.


Same puppet masters. Just different puppets and a rebranded stage. Masterful, really. But nothing gets fixed.


Someone asked me today if I am a believer in God. I said, no, I can't honestly say that I believe in a God. But I do see wisdom in spirituality (a belief in something bigger than yourself, a grand plan, a humility in realizing we may not know or see everything, or know full reality, etc). And I think there is a role for spirituality: we are all trying to fill holes in our selves, and eliminate feelings of hurt and emptiness.  Some people try to fill it with high time preference, buying fancy things. Some with alcohol or drugs. Some with sex. Some with exercise. Some people with community, family, work, sport, friends. Some with religion. Etc.  Of all the choices, some are healthier than others, and probably none are good in the extreme.  But I do see spirituality as a key component to healing, and it can clearly be a healthy substitute for the other, more damaging and harmful alternatives.

#PV


Listen to your people. Ask them for their thoughts. Trust them. Then empower them to make the needed change identified, and support the same. Effectively, let people know you are a safe zone where they can speak openly without fear. Let them know that, while you may not approve every idea, you will always listen and talk it through, and make a decision which is clear and quick. Don't let them suffer with indecision. Make a call. If you make the wrong decision (it will happen, you are human), you can always change your mind.  Lastly, HAVE FUN!


If you are a bitcoiner in the US, and a single issue voter, and don't want to win at the expense of normies' stupidity (ie, you care about the world), your only choice is RFKjr. He is not 100% there, but mostly so. The problem with Trump is that he simply has not done the work.  He is clueless, beyond whomever is cheering loudest for him that moment.


Luckily, I think most of these egos are on Twitter!  Like, "have fun dancing with the devil, and getting stomped."


Well deserved!


Except if you are Germany and just sold all your corn. Doh!


I got two minutes into the speech and, it was so cringe and ill prepared, I stopped watching.


Trump loves real estate, and borrowing lots of cheap money to buy it. He is not a bitcoiner.


We will know politicians truly understand and support #bitcoin when they direct national resource to generate hashrate and independently mine blocks.


RFKjr's speech proves his work. It is not a superficial message.


Legends, defining the moment.

Enjoy the conference, you all deserve it.


Make good decisions! 🤣


Most professional money managers talk about younger folks being more able to hold a higher allocation of volatile assets, due to the ability to take a long term approach.

I think this is generally bad advice. Younger people have big, important expenditures early in life, too. Tuition. House. Family.  Not to mention, having the fortitude to hold long term takes patience and conviction.  These characteristics are not typically fully matured in younger folks, increasing the likelihood of a sale at the wrong time.

Instead, the best strategy supporting a high allocation to volatility is hard work and living below your means with low time preference. You can do this at any age. If you don't need or want the liquidity, it is easier to HODL.


Not a political statement, but just sayin' ...

"Your support of Bitcoin [and Nostr!] puts you in same category as the framers of the [US] Constitution...you are the current manifestation of that impulse, so thank you all...."  -RFKjr, Bitcoin 2023


Be free. Use Nostr.


LEAD OR DIE


Bitcoin is the future. So bullish.


Top of the morning to you. Enjoy Summer.


When confronted with toxicity, I try to remember that everyone is doing the best they can at any given moment. It is a form of forgiveness, which can allow me to detach and deflect from toxicity with calm. Then, without wasting time or energy on it, I can simply feel bad for those who try to tear others down. Onward.


Straight outta Davos, here come the old DEI and ESG crowd. Well, it is official: bitcoin is for enemies.


Blame the unvaccinated. 🤡🌎

https://youtu.be/hu-IAQEIo4s?si=cGPpsN3A9OjtFzRV


Politics is violence


It may seem crazy and unreal to us, but most people do not fear the repression from governmental market manipulation, intervention and socialism.  Worse, the vast majority of people on the street can't answer the question, "what is money?"

Now, more and more are losing trust and becoming increasingly open-minded, and willing to teach themselves, which is reflected in #bitcoin's price. But most are not. It is still very early.


#bitcoin is a hedge against socialism.


Stupid is, as stupid does.🤣🤣

https://x.com/BTCGandalf/status/1810698824177905739/mediaViewer?currentTweet=1810698824177905739&currentTweetUser=BTCGandalf


Suits, and politicians in suits, still do not understand bitcoin. Their stupidity is your opportunity.

nostr:note1ldga8m7szlu9355egvz6nntxwzjjkev8ehxh32hysaf83x60j05q83rz24


Others only see risk, when there is no conviction. Have fun.


Make good decisions, everyone, and be the best you.


In Bitcoin We Trust

https://m.primal.net/JMnm.png
nostr:nevent1qqs2txnjhpdw06smydma7zw22875h82k7wmvl0qfkyfmrsmyqpve26qpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgs0eac2gh86s9l24qfmnw52xawhz0f3d862yleaetpafygjmanaxlsrqsqqqqqp7ac44e


Pura vida


She probably got an "A" at university, but is too dumb or immature to realize her ideas will only make worse what she hopes to solve. Onward.


A teacher used to claim students did better on tests when in a yellow room. I believe it.


Made me think, too. But Alexsander has so much ego it felt cringe and not terribly effective.


Happy Friday


The mark up on financial services is also insane. And the cost of government...now I'm getting depressed! 🤣


You might be similarly shocked at the markup on goods you consume, whether it be technology or beer, etc.


I'd say the value you ascribe to truth is subjective, not truth itself.


You are right, and the author discusses/debates the same in this podcast.

https://www.youtube.com/live/eGev5HrIfaQ?si=N6YNksoxnyfrKTt5


The problem is the same faulty thinking occurs at both the federal, state / local levels.


The big lie is that Biden is mentally capable.


Lyn, did you see this article? Seems your measure of global liquidity is different?

https://image.nostr.build/fe618eddc300f8a3ee1ca1ab829b1f1b2c9d999457de01147aab897e3cfa5276.jpg


#Bitcoin encourages health and freedom.

When you get healthy and you are free, your life gets very big, very fast.

You go places, you meet people, you think thoughts, you smile, you exercise, you are happy, and you attract the world's best.

When you are addicted or in the grasp of those who are, your life is very small. You are not fulfilled. You are a slave, constantly searchg to fill the void, chasing the latest thing, spinning on a merry go-round going nowhere, just finding more and more despair and confusion.

Break the fiat addiction. Stay humble, stack sats. Buy #bitcoin. Get healthy. Be free. Hang on Nostr. Be happy.


BREAKING NEWS: It is expensive to be poor.

Don't be poor.

Buy bitcoin.


Botox


Hear ya. I'm just sitting here watching the Yen devalue, day after day, month after month. Their Healthcare system may be better focused, but the country is economically sick, getting weaker and poorer. How long before Dr. Yellen needs to administer another big, fat dose of swap line?


Just because you choose to mostly post this personal fluff on Nostr (and presumably provide more substantitive macro content in walled gardens of X and Princeton, and with leeches like McCormack, etc) please don't assume this helps your brand or furthers your cause, or that you've accurately identified the Nostr segment for purposes of your marketing. I think the data will show others are growing faster than you on Nostr. Just a thought.


Why would you assume we don't care about macro, just because we value our privacy and freedom?


Folks are responsible for their own choices. If someone is clueless, it is their own fault.


Such a cute puppy! What a character.


Another MIT-trained engineer, in a position of power, choosing the 🍊 💊 .


Also, please, make yourself a priority. Take care of you.


The size of the industry which supports fiat monetary policy, globally, is so insanely large that it is nearly incomprehensible.

Think of all the banks. All the academia. All the brokerage houses, trying to predict and outperform inflation (mostly unsuccessfully). All the media. All the accountants. All the legal infrastructure. All the computing power. The physical plant. All the time and energy. Etc, etc.

Then...think how the incentive structure of all these people allocates resource, and how it compounds through time, and across all society.

Then...think of the price of #bitcoin.

Then...stay humble, and stack sats.


If Elon is agreeing to reduced X usage in exchange for higher satellite and car sales at different companies controlled by him, it sounds like he is self-dealing and not acting in the best interests of X. If I was an investor in X, who was told it was going to be a free speech platform, I could have grounds for a lawsuit.


Love that this rabbit hole has rabbit holes.

nostr:nevent1qqsg25pdtfunh8nttwkwtlccrk2e4arvau7dstp9hd704x90jys7atcpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqwus4q6g66y00ycj6s8mre0akqsfz9fegwk7nt3uufqztyyk54neqvzqqqqqqy2sd2tz


And it actually looks like skin cancer might be in charge.


"The lady doth protest too much, methinks."


Props, where props are due.


HODL!


Blackrock is building a platform for their plan to tokenize everything, I suspect. 👀🤔


You mean Txitter censors people? Huh. 🤣🤣  It sure is nice to breath the freedom air on nostr!


Also, try not to shame or ridicule to those that don't get it or cannot get it. We often can't make the situation better, but we can always make it worse.

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Truth is the best medicine. Bitcoin is truth.


And the say #bitcoin is volatile! 🤣🤣


We are all parents of #bitcoin. 🤣👍

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I'm thinking this is a wonderful way to orange pill.

"Are you worried about the cost of everything going up? Are you afraid basic things, like food and housing is increasingly hard to afford? Are you worried about your future?"

If "yes," then "the problem is not the cost of the house or a Big Mac. The problem is the currency you are using to pay for it. Look at this chart...."

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So important for people to know thyself!

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If Trump was worried about debt levels, he wouldn't have spent his 4 years as President telling the Fed to lower rates and go negative, and spending like crazy.  He'd also be deleveraging his own companies, which drown in debt, and have them adopt a bitcoin strategy. Everything else is just talk. Noise, not signal.


Go for a run or long walk on arrival.


Trump Jr's trip is just theater for the "crypto" community. Bukele offers Trump nothing more. And here we are, playing right into it.


What brand of mayo? There is a right answer! 🤣


Exactly.  When you are feeling sad, you can also try "Investing in the S&P 500, eh? Have fun staying poor!"


why not show bitcoin, too?


You can't unsee this. Another example for others to follow. Next?


All value can be stored over time and space, it is just a question of how much others will pay, which is subjective.


Follow the incentives! Thanks for the confirmation.

Of course, Twitter is filled with these wankers,  who know better, are selfish, feign ignorance and are dishonest when confronted with their treachery, and cannot be trusted.

The bitcoin celebrities who use their platforms are similarly worthy of distrust.


We feel for you. Dogs are so amazing.


Are we so naive to think the block size wars will be the first time rich people think they have more control or influence than exists in reality?  Saylor is lost, and maybe captured. But Bitcoin doesn't care. Tick tock, next block.


"Nothing is going to change, if you don't change." -Mallers


"A sleeper met in his dreams the Prince of Darkness, finding him to be erect of figure and fair in countenance. He addressed him, 'O handsome Prince! Men know nothing of your beauty, but always depict you as fearful and hideous!'

Lucifer smiled, replying, 'Those figures have been drawn by my enemies, who blame me for their eviction from Paradise. It is in malice that they portray me so.'"

- Sheikh Mushariff-Ud-Din Sa'di, 1184-1291 (aka Sa'di of Shiraz) translated from Bustan ("Garden")


The Great Gatsby is a favorite, in part because it tells the story of a Midwesterner trying to make sense of the distorted East Coast culture and, in the end, finding the only answer is to leave. The Midwest of the United States is a metaphor for commodity based economies. East Coast reflects fiat. The latter can can have us dizzy for a bit. The rollercoater is fun and maybe larger than life. But, even if intentions are pure and everyone wants the best, the foundation is not solid or real. The fun is temporary. In the end, Midwest values prevail: Family, faith, friends, community, rooted in the energy we put into the land.


I feel sadness for those who choose to believe lies, or lack the courage to act on the truth to protect themselves. I try to help, but also realize that I have limited control and can't change or help many.

For those that knowingly tell the lies, or don't respect my decisions, I have no time. These people are not human.


Odell, dropping truth bombs. Love it.

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Mises teaches us that centralized, governmental intervention in markets leads to scarcity. As Lyn points out, we are seeing a scarcity of private investors willing to buy Treasuries, due to the Fed's manipulation and intervention. And it is predictably getting worse, as we stare into the abyss of socialism.


Your words and awareness are powerful, because they reflect deep healing and proof of work. Congrats on finding peace, with thanks for sharing the wisdom from the journey. We are all broken souls.


My Keynesian-based economic courses glossed over monetary theory and impact, and I wasn't smart enough to question why until Bitcoin forced the issue. Hats off to you for getting to reality and truth quicker!


It is important to love yourself, and protect yourself.

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Good point. Of course, 99% of people also cannot define money or describe how it is created.


Russia replaces its Defense Minister with an economist.

While MSM keeps a narrow focus on Ukraine, is Ukraine just a tactic part of a larger economic assault on the US and its allies? Thinking longer term, was the Cold War nothing but an economic war?

And, then more recently, remember that before the stock market fell in early 2020 due to the Covid narrative, it first went down limit over a couple days due to Russia manipulating the price of oil down to levels unsustainable for highly leveraged shale producers, seeking to put them out of business.

Then, Covid causes the entire US economy to become over leveraged. And now Russia has an economist formally calling the next shots.

It seems Ukraine is a side show, part of a larger attack on the US economy, those reliant on it, and the USD.


Lyn speaks the truth. BTW, this is why I can't read or listen to MSM, because they just don't get this truth and it is increasingly painful to see them reinforce the same faulty assumptions and common wisdom.

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Take care, and let us know if we can help.


Just because the stock market isn't crashing, it doesn't mean the world isn't in serious trouble.

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Exhibit A: Intervention and manipulation gone wrong.

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The All-In podcasters are nothing but inconsequential flies, buzzing around, attracted to shit.


The import thing is to be open, honest, and important to yourself. And be kind to yourself. No one is perfect. And, then, you can extend that caring and forgiveness to others, even if they change and aren't in your life.


I'd add The Atlas Manuever. New book. The first fiction publication focused on bitcoin, I think.


"Bitcoin's price signal may be the strongest price signal in history." -Nick Szabo

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Legend.


Bitcoin is a beacon of hope. A vessel of truth. We are its protectors. Satoshi's army. We all have a role.


As people increasingly realize that monetary intervention does not decrease the cost of borrowing or increase the availabilty of financial capital, but actually causes capital scarcity and higher costs (as people and institutions avoid investments with a likelihood of debasement and loss), trust in government and its fiat money is lost.

Due to mistrust, the currency will increasingly fail over time relative to scarce money, as will society, because socialism does not work, and people will find ways to protect their individual interests.

Key points:

- Government interventions in the market price for goods (including money and currency) creates scarcity, not abundance.

- More and more intervention leads to socialism and complete central control.

-  The collapse of manipulated money occurs on a timeline which mirrors people's failing trust in the current monetary system. Same with government.

 - #bitcoin is a big idea.

nostr:nevent1qqs284gdjvejnmke60h64ud2ezdtk7mc5ax09jlp9m3rsxuggtncjzcpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzq0ysvppw3z0ss9setzycp083a09x54zrqg4ddhvzqk46y62hwgftqvzqqqqqqydknmtt


This guy may be credentialed as an economist, but he does not understand money. Terrifying.


Bitcoiners on X are sus, period.

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News flash: Bitcoin is a big idea. Stay humble. Stack sats.


No free lunch.

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I had my first bitcoin dream this weekend. It involved a faulty BIP, which caused me concern.

After over 7 years, does this mean that I've arrived?! Am I now a bitcoiner? 🤣

Anyone else have #dreams involving #bitcoin?


I had an irreverent English teacher in high school who described the "greasy poll of life." Strikes me as a perfect analogy when describing the effort required to succeed in the fiat world.

Those on the fiat standard work harder and harder, trying to climb the greasy poll, whilst always just sliding backwards unable to counterbalance the gravity of debasement and monetary inflation.

#Bitcoin gives its users the world's best tool to fight the gravity of debasement, ethically, without having to resort to the  corruption the grease otherwise incentives.

Stay humble. Stake sats. #PV. Enjoy your day.


What happens on the fiat merry-go-round. It makes you sick. PV!!


Right next to the puke and urine? Classy.


The world needs bitcoin. The fiat pandemic is global, I'm afraid.


Fighting #bitcoin just makes it stronger.

Normies may panic. Price may go down. Bitcoin does not care. If you HODL your keys: Congratulations, you have escaped the matrix.

Live your life. Be the best you. Be humble. Stack sats. Fight. Write code. Touch grass. Shitpost. Sun your privates. Love family and friends. Pay it forward. Or, just do nothing and wait. You've won.

https://m.primal.net/IAWd.jpg


If art helps stretch the Overton window, this book is valuable beyond it also being a fun read. Thanks for the heads up and interview.


Japames sovereign debt is ~$7.85Tn.
Japan's gdp is ~$4.2Tn
Japan's tax receipts are ~$0.5Tn
Interst expense $.076Tn, given extreme yield curve control

So the currency just gets weaker weaker, and Japan gets poorer and poorer.


I wonder whether this moves the US closer to a peace deal, assuming it's banks would rather not lose hundreds of millions in a losing war effort.


8 billion, because Bitcoin can be used off-chain.


When the audience realizes it is all propaganda and lies, the puppeteer needs to change the puppet and/or stage to regain trust and credibility, and keep people in their seat.


You don't pick up on change quickly when you are looking at the average statistic. Average largely reflects the status quo, and common wisdom. It is flat footed. I would guess the ruling class likes to keep people focused on the average. AI is all about delivering the average. Keynesian thought focuses on the aggregate average. Don't accept the average, unless you like to be late to trends and reality. #nostr #freedom


And a related thought from Hemingway, "...that is the great fallacy: the wisdom of old men. They do not grow wise. They grow careful."


#Bitcoin is beautiful because it aligns incentives to promote truth.


You know it! Thanks for your passion and leadership.


I can't stop laughing. Perfect.


Gradually, then suddenly.


Truth

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Very touching. TY.


who defines efficiency? does the definition change over time? how might that cause the cycle to shift and distort?


Kinda like Xitter, no?


Historically, block space is most valuable only when the price of the token also starts to go exponential.

As the #bitcoin ledger is increasingly used to store information other than just bitcoin transactions, will we see fees paid for block space decouple and increase faster than bitcoin’s price?

In other words, will the network’s value proposition shift from “monetary” scarcity to “data storage” more broadly?

https://m.primal.net/HyPs.jpg


High time preference + scarcity = expensive. Like watching a financial train wreck.

👀 🍿


Maybe Saif is a victim. But I doubt it. He is smarter than that. Follow the incentives.


What do you think Larry Fink is doing right now? 🤣🤣


Thanks for your passion and efforts


Beware of so-called "bitcoin" companies and influencers, attracted to the #bitcoin network's growing power, only to enrich themselves at the expense of you and the ideals of freedom.


Terrific discussion. Really appreciate the brain stretch, connecting dots and identifying trends.

Not a surprise that the ruling elite are leaning into bitcoin. I often analogize the bitcoin protocol to the US Constitution. Both are constructs for freedom. Both are powerful ideas with huge network effect and emotional pull.

The smartest fraudsters and scammers project alignment with these ideals (whether it be the ruling class/politicians/ institutions, or various "bitcoin companies" or influencers on X, etc), while really just acting to exploit and gain control and wealth at the expense of freedom.


"Let's hope you've built a sufficient peer to peer network, because it will become your underground railroad." -Smolenski.

https://twitter.com/Swan/status/1777785795287646358/mediaViewer?currentTweet=1777785795287646358&currentTweetUser=Swan

(Just wish Swan and Natalie wouldn't trust this message to the captured and walled garden of X!)


It is because you don't want it, that you are perfect for it.

Stay humble, our friend and freak.


Our timelines are similar. I am class of 2017, just in time for the block size wars, and initially spiraled down the rabbit hole with the help of the Magical Crypto Friends, etc!  Ahh, glory days. Time flies, and amazing to think how much I've learned since then. If not for Bitcoin, I'd be viewing the macro landscape very differently at present -- and I'd have missed much of what is true and real. 🙏


Just imagine if you knew the truth when you were younger.


The unfortunate reality of monetary debasement: normies struggle.to climb the greasy pole of fiat life.


You've been hanging out with McCormack too much. 🤣


Iran is just another excuse for more monetary debasement.


Nostr is currently for hobbyists, like it should be at this stage. No need to rush or critique it.

Like Linux was in the early 1990s, first adopted by a fringe of supercomputer folks and those wanting an alternative to msft, Nostr is today for the bitcoin community and freedom advocates.

Today Linux is everywhere, for example Android.

Point being: we don't need to be disappointed, at all. This isnt a VC backed venture or anything. It will mature and progress on its own pace. And it will grow and succeed.  Same as bitcoin.


The gift of poverty


Right on!

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You remain the signal for truth and transparency.  We appreciate it.  Stay focused on the truth, and LFG.


ODELL's goal is freedom tech. Others' goal largely stops at NGU. The difference shows up in the degree to which folks are willing to accept capture. No judgements, as bitcoin is for everyone, and the truth is revealed.


Here Gensler says the SECs goal is to preserve the US dollar as the dominant global currency, because it allows the US Treasury to borrow cheaply.

So, the SEC is fulfilling its mission to "protect investors" by encouraging use of leverage. 👀

#bitcoin solves this.

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Alright, which one of you crazy Nostriches zapped Lady Liberty this week?

#zapathon #bitcoin

https://m.primal.net/Hrwu.jpg


Uh, the price you deserve? 🤣


I'm sitting around thinking, in order to hedge against currency collapse, ETF approval can be seen as part of nation-state strategy to secure bitcoin within its borders. Likewise, to ensure frequent access to block space and permissionless/secure/immutable communication, you can see nation-states maximizing hashrate within their borders. Also, all of it is good for Bitcoin, and part of the societal change it is designed to effect. 🤫


Proud of you. Kick that caffeine addiction! PV.


GM. With a HBD to Satoshis everywhere! 49 years young, today. 🤙🎂


Happy 49th everyone (except CW, apparently...not his bday 🤣).


GM, and Happy Birthday to Satoshis everywhere!!

Your inner Nakamoto turns 49 today.

...as we also remember the anniversary of FDR's signing of Order 6102 in 1933, confiscating gold from US citizens....

https://m.primal.net/HrYA.jpg


GM, with an extra special Happy Birthday to Satoshis everywhere! 🎂


Believe that today is also Satoshi's birthday, which also corresponds with the day FDR confiscated US citizen's gold in Order 6102. Coincidence?  🎂🍰🧁


Consider the source, and apologize if needed. Problem solved. And, whatever you do, be yourself. It is enough, and awesome.


You sure??  🫡🫂🤙🤣

https://m.primal.net/HqtT.jpg


Sounds like Peter McCormack


Keep after it, ODELL. The hypocrisy of these supposed bitcoin personalities who spend most all of their time on centralized, captured platforms, and come up with all the stupid reasons justifying their decision to do so, only reveals to the world what they really care about.  Hint: It isn't you, or freedom.


Holy crap. Mind blowing. Cant wait to try it out. The integration with Nostr is insane.


freedom is productive and efficient.  Fiat distorts and corrupts.


Free yourself, NOFS! 🤣

https://m.primal.net/Hqej.jpg


Some of us never did social media before NOSTR.  Yeah, baby! PV.


Powell is popping the sovereign debt bubble. Holy shit.


GM. Have an awesome day.


Good day, fellow NOFS.

https://m.primal.net/HqQc.jpg


All value is subjective. Good luck convincing folks otherwise, or restricting uses for the ledger.


You go, girl! Rock n roll.


KO of the president of Guyana to the journalist

https://m.primal.net/Hpya.mp4


enjoy time with family, freaks. pv.


Like birds cirping on a Sunday morning


Reminds of the movie Wall Street. Can you be great AND good in the fiat world? Really sad choice.


STILL SO EARLY.

THE BIG MACROECONOMIC TREND IS TOWARDS SCARCITY. THE TREND IS YOUR FRIEND.


At least you spend a lot of time on nostr! That puts you head and shoulders above the rest, in my book. 🤣


A conversation with bitcoiners who still mostly choose captured, centralized media platforms. Be the change you want to see?


You are now about to witness the strength of street knowledge. Straight outta nostr. 🤣


Go for it. But if helpful: expectations can mix dangerously with marraige/kids. Stay humble, stack flexibilty!


We are pulling for you. Freedom!!  You don't need the drugs. Power to you.


Feel the love. GM. PV.


Society's broad reliance on a detached reality will also create a lot of trauma and hardship for folks. The trauma can lead to all sorts of other bad outcomes, that impact generations of innocents. Stay humble, because the world is very uncertain.


GM, BOSS. Beautiful song.


For the newcomers to nostr who might wonder why all the freaks here are so passionate and focused on #bitcoin, let me try to simply capture the big idea.

Assume that when you work, instead of being paid in your local currency (like Yen, Euro, dollars, etc), you were paid in water.

You aren't going to drink all the water in the moment you earn it, so you need to find a jar or container to store it  Obviously, you are going to choose a jar that is strong, secure, and does not leak.

Your local currency is the equivalent to a leaky jar. The leak is called price inflation.  If you are using US dollars, over the long term, it leaks at around 7% every year. This leak can threaten the quality and length of your life.

Now, what if we also told you that the bankers and politicians were the ones that made the jar, and determined how much your jar leaks, and that bitcoin was a jar that didn't leak, and bankers and politicians could not change the bitcoin jar?

Would you view bitcoin as a source of freedom? Would you want some bitcoin?

Welcome to the discussion. #introductions


I applaud your efforts to stop. We want you to live a long and healthy life. Be strong. Take back your life.


You see some of the biggest distortions in the microcosm of college campuses, where faculty and kids live in a protected bubble, ironically secured by the sweat, hard work and generosity of alumni most on today's campus openly claim to despise. It is so disrespectful and disingenuous, it is grotesque.


"Now try this with USD. I'll wait."
-Bitcoin News (in Keets bitcoin room)

#zapathon

 https://image.nostr.build/9f42afd316db66ea8888a6839834c7b2d62cbf1812ec28a2b58dec74ae7efe6a.jpg


nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy LIKES FAT ZAPS AND CANNOT LIE? 🤣


Some people are happy to give up their freedom, if it means that they gain entry into a community. Others are willing to hurt others when trying to solve their own hurt.  Zuckerberg was an outcast. He solved his own hurt by creating FB and reigning as its Supreme God. But hurt people hurt others, and Zuckerberg has seemingly not cared about hurting others.

If you want to hang out with him, and you think what he is cool, have fun. But give thought as to whether this is really healthy for you. Why do you feel this way? But also respect those who choose to not trust him, or compromise their standards.


If nation states are plugging in miners and driving hashrate, do they care more about a) bitcoin as a reserve asset, or b) bitcoin as an uncensorable/secure communication network, and the ability to control what gets included in upcoming blocks?


Blackrock or JPM, etc, will buy them before the fall.


Like a prent watching their children do stupid things, this too is inevitable. But we will all be stronger for it in the end.


LFG

https://m.primal.net/HmQe.gif


Found this posted on Keet today, from from Hal Finney 11 years ago. Legend.

https://m.primal.net/HmPd.jpg


FINANCIAL FREEDOM IN OUR LIFETIME. 🤙


Succinct and right on.

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Sats are the smallest particle in the bitcoin ecosystem, which can travel at the speed of light, bringing the entire world together on a common communication network.


Common wisdom is often wrong, and why we hang Nostr only and in bitcoin! PV.


Exactly, just like what we do on Nostr with zaps.


Thank you. Who created the chart?


Agree with the comments below: The low energy is common as the body switches from burning sugar to fat.  It will pass in a day or so more. You are doing great! 💪


Technology dematerializes everything.

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PSA: BE KIND TO YOURSELF, GET LOADS OF SLEEP.


Just avoid refined sugar (best you can), processed food, gluten, and basically anything that isn't in its natural form. Progress, not perfection.


Can't resist...because, we are winning! #hope

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He is a scary dude, who feels like a wounded animal. Hurt people hurt. Watch out


The next week is key. Your body will withdraw from sugar. You will have strong cravings. Stay the course, best you can. Let your body transition from sugar to burning fat. When it does, you will feel awesome, and the excess weight from all that garbage fiat food will fall off. But just make sure you eat enough. Also drink loads of water, and make sure you get fiber.


savage


ALL THESE TIKTOK NEWBIES WITH THE FEELIN FOR THE FLAVOR, AND I'M FEELIN LIKE AN OG. 🤣 PV.


The tiredness only lasts for a couple/few days, as your body switches from burning sugar (from crap processed food) to fat (from natural healthy steak, eggs, etc). Basically eat nothing that isn't in its original natural form.


Just HODL! 🫡


Tulip bubble. Fraud. Ponzi scheme. No intrinsic value. Criminals. Dead rock. Rat poison. Over and over, for years and years. But, what a GIFT. An opportunity of a lifetime into which critical thinkers, willing to learn the truth and accept some volatility, could invest. Hats off to those brilliant and courageous enough to act.

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Presume the program is just not accepting any new bonds? If so, could mean the Fed knows interest rates are coming down. Brrrrr.


#Bitcoin isn't just a currency.

It's a revolution on how we think about and manage wealth.

It's about taking control back from centralized systems.

#FinancialRevolution


When you were a kid, did you ever think one day you would wake up and say Good Morning directly to like minded friends all around the globe, in real time, without censorship, and then send them property without a bank account?

When the world gets smaller, the individual wins. PV


I like the contrarian thought. The silky smooth steadiness of Bitcoin's recent price rise has everyone jacked to the tits and feeling invincible. Stay humble....


Wealth just offers riches. Bitcoin offers life fulfillment.

nostr:nevent1qqsq6uudy7sjsqw5jn0xmgh3fh488dj7kcp6luw72np73xmjf2zg4hqpz3mhxue69uhhyetvv9ujumn0wd68ytnzvupzpwfsfxnwy4r6x6nkjtvsuja2szgpy5npw42x59enw32da7dtd8fsqvzqqqqqqysr9m75


Money is just one use case for the world's most secure, permissionless, immutable, open time ledger.

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Can he really cut the cord with all those followers? Is "ego death" for real, or just a catchy name? We will find out.


🎯

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LMFAO. Oh, my, that is good.


Everyone gets bitcoin at the price they deserve. Similar for those joining Nostr. Welcome. Your journey is complete.


Keep on rocking in the free world

https://youtu.be/DvxxdZpMFHg?si=XI6yby8bd8bFTbWf


GM! PV.


We be gangstaz of freedom and truth.


I was going to post that I was addicted to Bitcoin. Now I won't, not that there is anything wrong with that.


You are now about to witness the power of street knowledge.


Power is held by the puppeteers (ruling elites) who control the puppets (influencers) on a stage they also control.

When the message is a lie, the truth is revealed, and gaslighting is no longer an effective means of control, the audience loses trust, and the puppeteer must pivot to keep the audience in their seats.

The elites find new or rebranded platforms, and bring influencers who align with the new public opinion, but are also captured.

Think Musk buying Twitter, rebranded to X. Think Tucker on X. Think Milea presenting in Davos. All new puppets on rebranded stages. The audience sees these puppets, speaking the "truth", delivered on a (new) stage which they are told is different.  But the puppeteer is the same. Those that pull the strings haven't changed. Things get worse over time, as the frog boils. And the audience stays in their seats.

Or, to quote Rothbard in Mystery of Banking, "...the public had already gotten used to pure name as the currency unit, an habituation that enabled the kings to get away with debasing the definition of the money name."  Habituation and network effect and human inertia are prey for the ruling elite.

So, mission accomplished for the ruling elite. Note: This same switcharoo will be the case even if the power people introduce a new political party in the US: Same puppeteers, different branding.

This is why #nostr is so important. The ruling elites don't control the puppets or the stage on which they perform. It is also why #bitcoin is so important. It's growth defunds the ruling elite, transferring wealth and sovereignty to those who embrace freedom.


nostr:note1ru2wagn07s64k9l3kk7qpt9c3238gc85zs2euyd80ytunmpjatxslyr48q

https://m.primal.net/Hhea.jpg


Maximalists' Creed

https://m.primal.net/Hhdo.png


Fake news.


🫂 For me, Primal is better for picture clarity, response tracking, and zaps. Amethyst better distinguishes posts and conversations,  and auto translates foreign language. The beauty of nostr is you can use both, as your needs dictate.


When did the truth become toxic?


I think Jack is talking to the people on stage with him, as much as the audience! 🤣


If people need to refocus and reduce individual FOMO, a risk management question for you...let's assume a day when nation states value bitcoin as an immutable, permissionless, secure communication network. They don't care about the price of the token so much as they want ability to determine block construction with some regularity. If this nation's enemy orders the hashrate within its borders to unplug, and not move the machines outside its borders, physically seizes them, etc, and block time slows to a standstill, and people cant verify transactions or communicate over the network for a long period (multiple, multiple days)...what happens next?


Amen, brother.. It used to be savings was encouraged and good. But that was prior to 1971, etc.


Reminder: Do not sell your generational wealth to Black Rock, Fidelity, Cathy Wood, Michael Saylor, etc, etc. You need it more than they do.


You said it, bro. Ever since 2020, it feels that I've been searching and yearning for truth and reality in all facets of life. And, here I am. A nostr only, Austrian school freak supporting all sorts of freedom tech. Who would've thunk? Thanks for all you do.


Zero balance on the app is a lesson and reminder to the normies: not your keys, not your cheese. "Trust us."


from a user's perspective, there is value to using multiple clients. each have their strengths, depending upon need.


Good morning.  Pleb Army reporting for duty!  🫡


Good advice

nostr:nevent1qqsqwswr2ph9k6037rt5almalnhtua9k88l3ucdj44cy6a82q3axu8qprpmhxue69uhhyetvv9ujumn0wd68yct5dyhxxmmdqgsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgrqsqqqqqpe3mlhz


GM, shit is straight outta Mandibles.  Freaks with Attitudes.


legend


just like punk rock


DEEEZ NUUUTS. Powell's got your dick in his mouth.


Thanks. Good article. It strikes me that the only cure for higher prices is higher prices, and prices are still pumping (ie, Powell hasnt done enough, and won't) So, we march closer to the edge of the abyss. Look out beliw.


#bitcoin is the fourth largest asset outside the US, growing fast. The suits need it, more than bitcoin needs them.


I presume housing is excluded when calculating Australia's price inflation?


Freaks on nostr, and Ten31, etc al, are gangsta rappers. Not for the pop charts. Fighting censorship, hype, oppression. Screaming down the ruling elite, with fact over new media, and winning.


Bubble alert. Another sign that "soft landing" is code for "Powell didn't do enough," is still serving drinks to the drunks, and illusion of wealth without work is alive. #bitcoin

nostr:nevent1qqs92g2guen7l0mkxnrs9c6qgxp7x9x2lzt0t6l7lkfwc55chr4skxspp4mhxue69uhkummn9ekx7mqzyp72vm2pv6ck749pdp5pjxapccux49mxyn6xxnecjmvmvaq28zx2xqcyqqqqqqg9vw9dv


Absolute power corrupts absolutely.

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A omniscient calm, staring deep into my soul, reducing us to a humble state of vulnerabilty!


Ignore them. Be the change we need.


ODELL, ignore the folks this week saying you should go back on Twitter.

Freedom tech maximalists are Nostr only. They just are.

"Engagement whores" confuse ego with what truly drives lifesaving change.


nostr:note1vk05k0ad982hpd7cvp8acq9d3w4px2x20xde6e8yz2gz86yp4raqcu4eqr

https://m.primal.net/HeAy.png


Terrific conversation. While listening you can almost feel the overton window stretching, and the world starting to come around, with more and more folks (like the Colonel) talking publicly about bitcoin's strategic importance.


Classy.


Here, here.

Also remember Silicon Valley is captured, and under the thumb.  The platforms and networks you choose are very important,  as is how you interpret messaging from those that are controlled.


The moment you realize those positioning themselves as the problems solution are its root cause. #truth

nostr:note10nr65a6amcfyjcx7cef35846r47xgv73esl0cr7hj5lv2ac5txjsc3jsh2


Twitter users are like addicts who need an intervention. Tough love: show some self respect and stop supporting platforms captured by the State. Be your own person. Control your own destiny. Stop thinking you need Twitter to be cool or important or make money. You do not. The same way you don't need fiat or central banking to be rich.


Next year maybe it will protect against audience capture from the politicized Princeton simps?


Don't underestimate RFKjr's presidential candidacy.


Be your own Blackrock
Don't be Larry Fink's bitch.

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we hear the same from bitcoin
influencers who, in whole or Parr, reject nostr for Twitter. I wonder if their primary motivation is building their own brand, or helping the mission.  Associating with the Princeton name helps the former, and I didn't see that many plebs in the audience. 🤔


GM. I'm using the time to re-listen to CD92. Shriver is such a boss. A pure expression of the mission.


Maybe I am not understanding, but if you have $100k set aside for consumption over the next year (ie, liquidity needs), are you saying it is prudent to take out a $100k mortgage to hedge against monetary inflation?

Current mortgage rates are 6-7%. 6 month CDs (ie, where you might park your savings) is paying about half that in the US.

Do you really think the risk of short term monetary inflation is worth the delta (ie, around 3%), and then that real estate is a good hedge (after fees associated with the mortgage, etc)?

What am I missing?


When you look at margin debt in relation to currency in circulation, current leverage is at cyclical lows.

https://en.macromicro.me/charts/89294/sp500-finra


Bitcoin and Nostr doesn't need Princeton.


So awesome. Thanks for all you do.


Every day the freaks push humanity forward in giant leaps.

Stack sats. Stay humble. USE NOSTR.


Freaks stack, boys count. Enjoy the day.


Easy is the byproduct of hard.

Keep moving forward. We are with you.


#bitcoin is truth at the speed of light, a network for sovereign individuals to repulse the lies, reject the manipulation, and build for the future.

https://m.primal.net/HcMQ.jpg


Most VC are nothing more than market timers, who use specks of truth to inflate bubbles and talk up their book, before dumping it on retail. They delude themselves and others into thinking they are smarter and doing God's work.  In reality, they are weak, soft-handed, whiny babies and overpaid pond scum. So, will they follow Chamath in thinking Bitcoin is the story for 2023, shit all over the space, splash the table, and leave a mess...you can bet on it.  But, bitcoin doesnt care. Nor do I.


Prices cycled higher through the late 1960s and 1970s, which makes sense:

Money gets debased by government. Prices go up. People save more in response to higher prices, reducing demand for money, and prices go down. Government then stimulates, with further monetary debasement, to discourage savings, and prices go up faster, causing more savings. Rinse, repeat.

We shouldnt be surprised in this cycle repeats, as well, in the 2020s. The problem is government manipulation of money supply. #bitcoin

https://m.primal.net/HcBg.jpg


In the peaceful BITCOIN army, we do more before 9am than most people do all day. Be all you can be. Stay humble, stack sats...before dawn, and all day long.


Ten31 understands bitcoin and it's ecosystem like few others, with conviction enhanced by unique strategic and futurist strengths. Great read.

nostr:nevent1qqsgq2xhkcnc7n2vvpjchzkr9pnc5r09acdkcjm5uxms5tel3rynl0gpz3mhxue69uhkummnw3ezummcw3ezuer9wcpzpfsm7xxdt7juz36s9atpeq65agcg8j4elmwl583g8lwcyh0nd4kvqvzqqqqqqy66sujj


Always ask yourself, have I put myself in the best position to win?


Be humble....

nostr:nevent1qqsxl0sjgxwgc88e09xxuexqlvzd7f6y44dkrvsjnj0raf6c6zgcf8qpp4mhxue69uhkummn9ekx7mqzyr70wzj9e75p064gzwum4z3ht4cn6vtf7j3870w2c02fzyklvlfhuqcyqqqqqqgvy9eet


PSA, freaks: Protect yourselves from the growing dumpster fire of commercial real estate, and the flood of monetary debasement/theft which will follow.

Stay humble, stack sats, like the boss you are.


Money printers are warming up, as central banks again prepare to rescue us from a problem they created. The latest fuel for the dumpster fire? Commercial real estate losses.

In the GFC, all it took was Goldman marking down its portfolio (after first shorting the market!) to cause contagion.

At present, the Chinese are selling real estate around the globe to meet cash calls on failed projects. (They've also been stacking physical gold for years.)

US regional banks are again teetering.

Both the Fed and ECB are publicly saying commercial real estate is a problem.

And so it continues. Buy #bitcoin.


There goes the neighborhood! 🤣🫡

nostr:nevent1qqsrh5jlw72jwue6t02a85z7m3mgp6a7jfjjudmrcear33l9uxh5augpz3mhxue69uhhyetvv9ujumn0wd68ytnzvupzptf0euk3cuthtrj6ctf0axkz8uu84n0thfw8nhzpjdygt25werlkqvzqqqqqqyja3sc9


Monetary debasement is theft from the productive class, by the ruling class.


Good morning!  Cockadoodledoo (TX time).

Good article. The deleveraging will continue. Central bankers aren't immune to gravity. Nature wins, eventually and always.


A good piece to give those that might be skeptical...

nostr:nevent1qqsph2hyzh7uwtpwdc758u8dxa7d06wkusk934e20emzq8lgzy7eudcpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qgsvfr3f7p95stxqrjslnmuvsmhcxxxqt8swjdfjx5tz7zq0yms5cygrqsqqqqqp5jhntm


That is what she said.


Progress, not perfection. Onward. 🫡


I'll take the under. 😶


...AND DO SO WHILE WAKING UP BEFORE EVERYONE ELSE IN THE HOUSE....


Progress...

nostr:nevent1qqsqpny7nqr8tggktwrwcp4q2czwa4u4zy6zkp9mmevcyec2hr9cpyqpzpmhxue69uhkummnw3ezuamfdejsygzsm98u9kzcp35zkpc62shck8335gqtq5yt4w26xwl0pp2a72qavvpsgqqqqqqsxk4pe6


Be the change you want to see.


Terrifying ... stocks and bonds with custodians are, legally, not your property. Worse, they are likely being used to fund massive financial risk without your consent. It is the biggest con game in history. And if you don't understand who the sucker at the table is, it is you. #bitcoin

nostr:nevent1qqs8wmvxntk0n7kl4xg3ghlqadufdj60969u7w5da4lcuza33a86h4spp4mhxue69uhkummn9ekx7mqzyqrzz79jhf7hecvrdj3seh7k5nmg8a224xcq7zym8uu4ef8cj2u76qcyqqqqqqg2g5aha


NO ALARM.

NO CAFFEINE.


The Fed is trying to normailze. But the US government is still spending like a drunk sailor.

M3 includes debt deposits up to 2 years and institutional money market funds.  It captures more of the government money printing.

It's chart shows money supply is still going up.

Printers gonna print.


Periods of rapid change, or prolonged debasement, erode societal trust.

nostr:nevent1qqs0jf4czcgnq6rddxrd72lpdegzf5x7gx3kenzce3a0cqd8c3cvdqcpzpmhxue69uhkummnw3ezuamfdejsyg9expy6dcj50gm2w6fdjrjt42qfqyjjv964g6shxd69fhhe4d5axqpsgqqqqqqs7f7l5k


Politicians and banks are financial junkies hooked on credit. Not pretty. Protect yourself. Detach with compassion, but detach. #bitcoin

nostr:nevent1qqsxltzqmr50r4awwg3ruqathe77htet0u9s39gpeyj8q7q2c3ukppqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqmjxss3dld622uu8q25gywum9qtg4w4cv4064jmg20xsac2aam5nqvzqqqqqqyu5l854


Interesting. If you don't mind me asking, from where do you get the M2 data/chart?


What do you do when faced with fear? Do you react quickly, blame others, stick your head in the sand, or follow the crowd? Or do you take a breath, dig deep for the truth, take responsibility, and find comfort in your own abilities?


You could also do the same meme with a keynsian elite not understanding inflation.


Me too. Spins and spins, after working fine about 12 hours ago. Maybe the spike in demand overwhelmed it?


Your phone bill hard at work.


Just ignore it.


Truth --> Trust --> Success

nostr:nevent1qqswej0z0dmxahdjntgd4d907kku7fwa9nax8vxn882m9pk4x8c8y6spzpmhxue69uhkummnw3ezuamfdejsyg8u7u9ytnagzl42syaeh29rwht385ckna9z0u7u4s75jyfd7e7n0cpsgqqqqqqs27y4yf


My economics thesis professor encouraged graduate work for me, admitting after four years of study that everything I'd just learned didn't work in the real world, and that there was opportunity to contribute to the field if I continued.

He was right, and so was I not wasting more time and energy on failed Keynsian theory.

nostr:nevent1qqs8dy2yrw4svv8n3wkwsmgnm665mjmdsdpkske9ncw4nxkk85q95pcpzpmhxue69uhkummnw3ezuamfdejsyg9expy6dcj50gm2w6fdjrjt42qfqyjjv964g6shxd69fhhe4d5axqpsgqqqqqqsnrx352


The "no intrinsic value" crowd gets an "A" in western business school, but an "F" in reality.

nostr:nevent1qqsxasqq06lgp3ayxrqfqzczzmd7d36efr60909pevx9jq7qn9308zcpzpmhxue69uhkummnw3ezuamfdejsyg8h9rv7decysdvwwzfs7h9xfvyhwuxe38xds6z5lescak5u3gupqcpsgqqqqqqsseayvx


$39.026Tn by year-end 2024


"Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it.” ― Albert Einstein.

nostr:nevent1qqsdg9h8zrp23hcgu6mpmwvrgv5qqrh63rfpe2jentpk6mfplqldhxsprfmhxue69uhhyetvv9ujummjv9hxwetsd9kxctnyv4mqyg9expy6dcj50gm2w6fdjrjt42qfqyjjv964g6shxd69fhhe4d5axqpsgqqqqqqs8lhepq


Bitcoin price always punishes the weak, and rewards those with the strength of conviction.


https://youtu.be/N0jk23XVVC0?si=C4X4JHbLe8UFtRhy

Good interview. So bullish.


nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle schools Ed and his elitist demeanor; while Caroline's smile betrays her excitement for the moment. I'm with Jack and Caroline. We'll done.

https://youtu.be/MFlpO9dy5_8?si=K550vtU0V7eqqRuB


It is hard to convince a Board of Normies to make change. Bitcoin's corporate adoption will increase in proportion to its social acceptance.


She is a voice of reason.


The SEC is a sore loser.

nostr:nevent1qqsqsdpd2av0cvqeh84kjjtlvus6ksvv36e43dqlzt3q0jmz4j32chqprfmhxue69uhhyetvv9ujummjv9hxwetsd9kxctnyv4mqyg9expy6dcj50gm2w6fdjrjt42qfqyjjv964g6shxd69fhhe4d5axqpsgqqqqqqsja6h90


Are you saying that rising frequency of local adoption, and the separation of money and state, is more important for the price than Americans introducing a new, lower fee, regulated, custodied on-ramp? (Because I don't think you don't care about price.)


You exactly describe Elon.


Agree. Armstrong is polished, but still manages to come across as an untrustworthy pseudo intellectual, weak thinker.


Individual property rights are a cornerstone of freedom.


Anyone else just loving nostr?


If the Omega hits, how quickly before we see nations adopting en masse?


In the first world, bitcoin is mostly a investment and store of value.  In other places, it is  more than that.

nostr:nevent1qqs9z4ejsvleajt9v8rktl5rr6mmj84msfhx9j4awztpaud2zd355sgpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpqlgrr0man8226c0252hdvla8xn62rsas9vngdgqx686ppwvm9jtqvzqqqqqqyjwqqeu


The suits are coming. They are coming.


...or he'll go down as the JP Morgan's of out time...same thing.


Interesting. He prefers spot (and / or self custody?) to the levered exposure from MSTR?


I always fancied myself as a contrarian, thinking different. There is an elitism to it, and a comfort. I'm smarter than the next person. I'm making better decisions. Others don't understand, and I'll be proven right in time.  But, alternatively, is reality rather that I have gotten lucky and I've deluded myself with ego and confirmation bias? Have I underestimated the power of the majority to shape the world's beliefs, and reward a different set of thoughts and behaviors that can defy my beliefs?

Because, everyone is getting excited about the US spot ETFs. But does anyone know a US investor looking for a new store of value or medium of exchange? The US stock and bond markets are roaring. So, who knows, maybe some allocate a little to bitcoin given the new-found convenience, influenced by ads, headlines, marketing and number go up.

But, will anyone gain the conviction necessary to gain traction necessary for lasting change? Will their minds escape the trap of central control?

I guess we will find out, but I'm increasingly thinking the ETF is really a pretty non-consequential blip in the arc of true bitcoin adoption, where people are valuing the ledger as a borderless, immutable, neutral source of truth and communication. At present, price would indicate the chance of this as pretty small. But I'm a contrarian.


Each zap is a badge of honor in our search for truth and freedom. Thanks for all you do.


Just remember, #bitcoin ETFs are the enemy of self custody and the individual freedom it supports.

If ETFs gain in popularity, education will be substituted with simple soundbites and 30 second commercials. Normies won't be converted to maxis, so much as retained in a system of control.

Approving all of the ETFs in noisy and spectacular fashion, framing them ultimately as the on-ramp to modern riches, is a savvy chess move of the ruling class who care mostly about control. It leverages "number go up" to the benefit of central authority.

The key is: how does the bitcoin community use its new-found wealth? Do influencers buy Lamborghinis, or do they find ways to spread freedom?

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx


And next year might also see the mempool clear...trending lower and lower!!


Aantonop is a legend.

nostr:nevent1qqsxjlgjxecu4uxqpmgqpjzvd9u5ud0ldjuj9g3hz6qqvz3q80fcq4spp4mhxue69uhkummn9ekx7mqzyzunvrxcpzeyajlaqdt470tr0v0x9j5lafq443nmd3d3rmc472xsvqcyqqqqqqgdwgqdl


So gorgeous, and beautiful. A Christmas blessing.


"Your support of #bitcoin puts you in the same category as the framers of the [US] Constiturion, that gave us that Bill of Rights...you are the current manifestation of that impulse."  -RFKjr


The bitcoin journey starts with a search for truth, and finishes with what we all do about it.

Hats off to all the Freaks.


I think many people still think USD is backed by gold! 🤣 (why is that?)

nostr:nevent1qqsypjrhryrq8a8k8ev8mqs9ptxhvuzcyr72esw756tf5ddn7c3juecpp4mhxue69uhkummn9ekx7mqzyqr0gcuwzeqwqx5839t4arefs4e8eg0ryfa22xxug2gu5wdkwp8zvqcyqqqqqqgm4xlxh


#hope

nostr:nevent1qqsqrl02dcc8w7meuqa7hnhuyjzlyujnz3av8268h5ed6rmq84d7uqcpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyqxxlp2wz3332l92p0jp8wrc79ewx5060c4kche6q7gtgj6wvlcqvqcyqqqqqqg40hess


ENERGY IS THE UNIT OF ACCOUNT


Everyone always asks "what is #bitcoin?"

Lots of great answers, from technical, to philosophical, to economic..

Reflecting humility, I always used to say "...at the end of the day, it is a huge social experiment."

Now, I simply think "Bitcoin is power."


WE ARE GRATEFUL
WE ARE HOPEFUL
WE THANK YOU


Elon will run it into the ground, and find some sucker to come bail him out. If it goes like other ventures, he might even find some way for the US taxpayer to fund his failures.


USD inflation

nostr:nevent1qqs9e67vfdggd58cgh7r9antqlskeppnt05nl69ng2rtrj66esgshfqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqevk6qqae8hq46de9yraeyq9gcsfsj3zzwy6385we4rxppzwre0dqvzqqqqqqyqmz4tp


Crises is ripping across the frontier markets.  #bitcoin

nostr:nevent1qqs8tgga6v9prta6ep0rnwzss6824nn7hlc6xp4yyjsvtqn3w48uhacpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qgs8anfluc6na3x9xee8j05pg3wz5vvueu9znz536aade73cddf0xrgrqsqqqqqp7jaacg


These people are unhinged from reality, and not in a funny way.


Suits this morning like, "wait, you mean AI breaks my identity, and I need to learn self custody and personal responsibility?" 🥸


The World’s Poorest Countries Buckle Under $3.5 Trillion in Debt  https://www.bloomberg.com/news/features/2023-12-13/debt-crisis-poorest-nations-owe-trillions-in-high-interest-rate-world

The global south is in the middle of a DEBT CRISES, with collapsing currencies, rampant inflation, and societal collapse.

It is heartbreaking.

Fix the money, fix the world. #bitcoin nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle


Fiat's degradation of retailing, in one video.

nostr:nevent1qqsvx239ah63sgcjj3rlwza8d52833h83v5aajlmcz4wfwlru8yjseqpp4mhxue69uhkummn9ekx7mqzyp72vm2pv6ck749pdp5pjxapccux49mxyn6xxnecjmvmvaq28zx2xqcyqqqqqqgxu656d


Top of the morning to you.


Tick tock, next block.


Everyone is focused on #bitcoin price as a measure of success.

But bitcoin hashrate is hitting ATHs, and is a proxy for the physical power securing the network, and people's confidence in the same.

And, then there is the INCREASE in hashrate, importantly signaling the network's growing power and physical strength.

This growing power is forcing the ruling class to bend to its will, slowly but surely, over time.

More banks, governments, politicians, investment managers, etc, are pro-Bitcoin. Not because they want it. Because they need it to survive.

It is no wonder those that feel oppressed at the hand of the ruling class, globally, are also first adopters of the technology and jumping on the bandwagon.

Bottom line: Bitcoin, by creating incentives to harness and deploy energy, delivers the power and show of strength to reset society, without death, injury, or one drop of blood.

Satoshi deserves the Nobel Peace Prize.  And, we are all Satoshi.


We stand on the shoulders of giants.

nostr:nevent1qqs97c7fd9n3s4gf8efeuhdwukw49utnj7n7nlkj5g3cjtp2cr6lhlcpp4mhxue69uhkummn9ekx7mqzypl6awhwyxy4t3xlh6u7d2vhfhjr865l5nfck4a5dzgrxxsgkyv95qcyqqqqqqgefrkql


I don't think it is just Millenials that reject the existing framework. It could increasingly be entire countries.


With our passion for sound money, are folks underestimating the value of the world's most secure and immutable communication network?


Fun fact...we have never found a cave painting of anyone making a salad.


Much like there are strategic geographies on the world stage, those with #bitcoin hashrate will also find themselves strategically important players in the future.


Expect #Bitcoin hashrate to grow exponentially, together with fees, as people realize the value of preferred access to the world's most secure and immutable ledger. It is all just starting.


Unless facing a huge liquidity event, I don't think he is selling.  Ever.  He's said he will first borrow against the bitcoin. He has also implied, at least for his personal bag, that the greatest charitable gift he could give the community is dying without passing on his private keys.


I'd bet on continued nation state adoption before corporations go leveraged long.


In upcoming broadcasts, can you cover Ocean, and it's role in the competition for scarce block space, aligning hashrate with the monetary use case for the network (versus bigger pools, whose incentives diverge)?


Normies in their moment of enlightenment.

#bitcoin

https://image.nostr.build/3463ee11ebadebdfb9ce12b49e64d23df817b5ea1c519e964d3137aad920fb83.jpg


Conviction = I don't care about price. It is peace. It is trust. It is beautiful.


GM, freaky friends. Keep it real and true.


Austrian economics puts focus on the individual, versus big business (Chicago) or government (Keynesian).

nostr:nevent1qqsxht40skp5dp4pr9xv7uq5gvqgczshx4km833c8ccsn92gh77vq9cpzpmhxue69uhkummnw3ezuamfdejsygxy3c5lqj6g9nqpeg0ea7xgdmurrrq9nc8fx5er2930pq8jdc2vzypsgqqqqqqs38eahe


https://www.wired.com/2011/11/mf-bitcoin/

It is wild to go back and read the 2011 Wired Magazine article on #bitcoin. Well written and researched. A dozen years later many still don't get it.


Most people's minds are blown when they realize that S&P 500 largely just acts as a volatile hedge to monetary inflation, which is also volatile.

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In free society, government does not own or define money. #bitcoin #gold


If the US is that reliant on just ONE Chinese bank to sell its bonds, saying there is weak demand is an understatement!


They will have to cut rates, but probably not before interest expense goes parabolic.


Thanks for the great update. One thought: more nostr,  less X, please. Make it a New Years resolution. You don't need the walled garden. Trust in decentralization.


If anyone needs help staying humble, just remember Bitcoin is still down 50% from the ATH.


Paraphrase, "Hi, my name is ODell, the Suits stole my Dream and that of our generation. Fuck you. We're not playing your fucking game."

Freaks unite. Stack big, stack hard, stack long.


Your tax dollars at work


Carla and Walker illustrate the success which comes from honesty and trust -- in themselves, each other, and then the world.  Thanks for the share, and #hope.


Beautiful voice


Amen

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#Bitcoin is a technological mirror of incorruptible truth. It is courage. Because truth can be scary for those that live with lies.


No one said it would be smooth or easy.

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Stay humble. Bitcoin is still down 50% from its ATH.


Don't worry. The freaks aren't going anywhere. Be well.


I hear it is like rubbing your block clock.

Enjoy.


Odell, do you like to squeeze your sats? 🤣


Anyone else watching the Yen, as USD keeps consolidating just below 150 Yen?

Is it me, or does it feel like a pressure cooker, as the cumulative effects of massive monetary distortion rage beneath the surface on central planning?

When does it crack, and when does the BOJ lose complete control? Contagion?


I watched a documentary on the dot-com era, during which Greenspan failed to raise rates fast enough and popularized the "Greenspan put".

The film noted that the mood through the late 1990s reflected confidence and clarity for the future. And when it ended, the fog revealed itself and the prior optimism showed itself as nothing more than a "mirage of wealth without work."

Bitcoiners know work is required for wealth. We know fiat is a mirage, nothing more than an "internal reflection." It is not real, and doesn't last. The physical world and Mother Nature reveal themselves eventually.

#bitcoin


I'm not sure they are this smart but, if the US was concerned about de-dollarization, it would gain a lot from using its vast and stranded energy resources, together with technical and manufacturing capability, to mine and accumulate bitcoin as a matter of national security ASAP.  It could publicly support the dollar, but privately prepare for its fall.


These All In guys are so conflicted, it blinds them. They love centralized control. It starts with the money system based on inflation, which necessitates investment risk taking to store value, which plays right into the supposed "alpha" they sell investors. They don't want a decentralized world, because the leverage and debt on which they thrive would disappear when people abandon soft money. These blowhards would be nothing but loudmouth plebs, not billionaires able to flaunt their wealth and privilege, feeding their egos and bank accounts, weekly.


Climate protestors. Fake news, protesting fake money. They are made for each other.


You know, it is really easy to post on nostr, laugh at memes, and utilize bitcoin as a hedge against monetary abundance. First world problems.

But, when you meet people who are truly relying on bitcoin as a bank, and using it for remittance, and relying on it for their futures, it is truly humbling.

In the first world, bitcoin is an investment. In the developing world, it is a basic need.

I am so proud to be part of this movement.  Stay humble, stack sats.

#bitcoin


But, wait, isn't debt just money that we owe to ourselves? It is not going to make us richer or poorer, right?


They are lying to you when they say "your Euro, your choice."

The CBDC is "their Euro, and their choice."


Never underestimate society's acceptance of corruption, betrayal and manipulation in the name of convenience.

But, once you see the truth, you can't unsee it.

#Nostr is truth, and is sucking us all down the rabbit hole.


Most of our money is a mirage, an illusion of wealth without work. Wake up, before it is too late.


"...Federal Reserve officials have gone out of their way to talk down the likelihood of another hike, largely because the bond market has been doing the central bank's work for it."

-Nicholaa Jasinski, Senior Writer at Barron's, in this week's magazine

Suggesring the bond market is doing the work for the Fed, is like saying the puppet is doing the work for the puppeteer.  But, God forbid MSM properly report cause and effect, or criticize the Fed for breaking the market across its knee.

(Hey, Nicholas, a bit of advice. You are young, 5 years out of school. Get out now, before you lose your soul. Protect yourself, and your future, while you still can. Because writing this type of dribble for Barrons hurts you and does not help.)


#hope

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Zaps are nuggets of truth.


#bitcoin is not here to tell you how it ends.  It is here to tell you how it begins.

How it ends is up to you.

We are all Satoshi.


You were born into a monetary prison, designed to sap your time and energy, to serve the ruling class. Those that play the game well are rewarded with relatively  more. Those that don't, receive less and suffer greater enslavement.


"A bubble pops when people wake up and realize that the debt can never be paid off."

nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe, "The Price of Tomorrow"

Ray Dalio has lost trust that the US can pay its debts.

https://www.cnbc.com/2023/09/28/ray-dalio-says-the-us-is-going-to-have-a-debt-crisis.html


nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a's latest newsletter made note on the ongoing carnage in sovereign bonds. I won't summarize the analysis or position, given it is a subscriber newsletter. But it is an interesting and meaningful debate as to the direction of interest rates. Related, there was a Barrons story this week about the labor market, noting its resilience as evidence to a likely soft landing (typical MSM garbage).

My contrarian view to that the labor market remains weak because excess liquidity still defines the economy. In other words, if central banks and government really want to bring price inflation under control, they need to destroy more demand and create more unemployment, such that monetary units come more in line with the scarcity of people's time and energy.

Applying this thought to the future of interest rates, they need to go up more. And sovereign debt needs to go down more. The question is "when" and "how violently."  I think central banks will pause and expand their balance sheets sooner than people think, likely in response to crisis. But I also don't think they can go on doing this too much longer, before trust is completely lost and collapse occurs.

So, is sovereign debt a good buy? I suspect it is a matter of timing, but "no" longer term.


Good deal for the power hungry ruling class. Bad deal for everyone else.


Elon is bought and paid for...follow the incentives, and run the other way.

Bloomberg: Elon Musk’s SpaceX has received its first contract from the US Space Force to provide customized satellite communications for the military


According to Powell's testimony, the reason we have a given level of price inflation is because (drum roll) it is the level of inflation people expect. It has nothing to do with monetary policy.

The Fed, with the projected power of its hundreds and hundreds of PhDs, is nothing more the a psychological operation on the people. It is just selling expectation. If we can just convince people inflation won't be, it won't be. Hmm.

In other words none of it is real, which makes sense given the same is true about our money.

#Bitcoin (ie proof of work, scarcity) fixes this.


Never underestimate people's acceptance of betrayal and manipulation in the name of convenience.

But you can't unsee the truth, or avoid its gravitational pull. Nostr and bitcoin are inevitable.


Never underestimate people's acceptance betrayal and manipulation in the name of convenience.

But you can't unsee the truth, or avoid its gravitational pull. #Nostr and #bitcoin are inevitable.


The ambition of youth finds us learning to trust ourselves.

The cynicism and caution of age finds us questioning the truth of those around us.


Truth unleashes possibility, because it is real. Pro tip: spend your time and energy on what is true and real. Fuck the rest.


100%. This misunderstanding also leads to a mind-numbing misallocation of people's time. The irony is Keynsian economics relies on the concept of efficiency. But when you think about all the time spent learning this flawed theory by professors and students, and then all the wasted time spent by economists and central bankers trying to study and apply it, followed by the time individuals and corporations spend trying to do the same, and all the journalistic time and energy spent reporting on it daily, globally, it is a true shame that our lives on this planet are so distorted, with time spent chasing false dreams. And when you see the light, and know others in power must know it too, you realized the theory has become a system of control. The ruling class benefits from this societal inefficiency and wants you to waste your time.

This sad reality is the hope of technology like #Bitcoin and #Nostr -- they are platforms of truth, allowing people the opportunity to release the shackles and enjoy the real world. Pura Vida describes it well.  Very grateful. 🙏


Hello


It is a sign of personal growth and mastery when you can discern the faults in your teachers, and move beyond them, with a mixture of gratitude and sadness for their unfilled potential.


Everyone thinks Bitcoin is just a liquidity sponge, and waiting for central bankers to pivot. While I can see this base case, the market also seems to be seriously discounting higher demand from network effect and increased adoption, irrespective of liquidity or inflation.


Phenomenally well written excerpt from "It is Time to Wake Up." The search for truth is why many of us fell down the Bitcoin rabbit hole, probably not understanding even the fundamental reasons for the fascination and gravitational pull at the beginning.


Some Stanford economics professor may have given Nick Maggiulli about 20 years ago.  The sad part is that he has learned nothing about reality since.  Keep it real, Marty. PV.


Yahoo Finance US: "The Fed [shockingly, is not data dependent, and] will look past inflation uptick, economists say."

https://image.nostr.build/f7da252bca53c4a033479da8ec240a79ea7a4a2c184c0a152c51ed2f73a341f2.jpg


Okay. So it is all speculation. But i think he attempted murder, and destroyed lives.


So the documents read and presented in court -- which i dont think Ross never disputed -- are wrong?


He ordered and paid for the murder of people, which was part of the trial.


So here's a crazy idea for the day ... Mandibles would be a phenomenal movie.

Let's get some bitcoiners buy the movie rights, maybe leverage AI, and independently distribute it.  Grass roots getting stronger.


When we think about global liquidity, am I right in saying China's M2 is greater than the US? And, isn't China encouraging loans and growth in money supply at present?


The world is so fucked, and has no one to blame but itself.

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Wow.  Freaks unite!!