"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.)
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.
#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
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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.
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.
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
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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.
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.
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"
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.
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.
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https://youtu.be/k7XhzXMSAPo
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.
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."
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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Control what you can control, and have faith in the rest.
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