Don’t underestimate the power of instilling confidence in others. Help people understand that they have power and agency. Bitcoin and Nostr are tools. Confident people leveraging these tools is what we need.
This is why we bitcoin. Bitcoin gives people the ability to store their wealth in an asset that is extremely hard to confiscate if secured properly. Bitcoin gives you leverage from which to fight back against this type of overt Marxism.
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"People already pay unrealized gains taxes, it's called a property tax."
Property taxes should be abolished. Using property taxes to justify more unrealized gains taxes is not going to sway a lot of voters. People hate property taxes.
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There are times where freedom must be taken and defended. We are certainly living through one of those times right now.
Bitcoin and Nostr are examples of individuals getting up, rolling up their sleeves and taking their freedoms without permission.
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Resetting my circadian rhythm after a week in Riga with early morning sun exposure and a proper ocean dip. I feel awesome right now.
https://m.primal.net/KPfu.jpg
"Every time we introduce new technologies we shape that technology and then it shapes us back. It's this cycle. And so, when we're designing new things we need to think about that cycle." - @rabble
Incredible keynote presentation from Nostriga.
https://www.youtube.com/watch?v=XUsk7cqZyKU
About to board my flight back to the States after an incredible week in Riga for Nostriga and Baltic Honeybadger.
Feeling inspired and motivated. Thank you to everyone who organized the conferences and participated.
We’re going to win.
This is one of the more exciting Nostr projects I’ve seen this week. A newsfeed that gives you multiple perspectives from different sources about a topic.
Powerful.
https://layer3.news/posts/subjects/all
The fact that Satoshi had the prescience to have elite opesec from the start of bitcoin, coupled with the fact that he built a peer-to-peer system controlled by no one is one of the most epic moves in human history.
https://m.primal.net/KLaI.jpg
This is my fourth time in Riga for BHB and even though the trip to get here can be long and annoying I’m always happy when I get into town. Criminally underrated city.
It's time to call a spade a spade. Marxists have completely infiltrated the highest levels of the US government and if Kamala Harris is elected they will destroy the wealth of this nation.
Bring back the Red Scare. Call out and shame these people.
https://www.tftc.io/attack-on-productive-class/
The demonization of the productive class by the left in the US is sickening. It’ll start with taxes on unrealized gains, escalate to overt asset confiscation and ultimately physical harm against those who rightly try to protect their assets from the government.
https://m.primal.net/KFzY.jpg
Free speech is under attack. Overt socialist policies are being floated by the leading presidential ticket in the US. And the "smart money" is piling into bitcoin despite their historic disdain for the asset.
https://www.tftc.io/socialism-in-united-states/
There’s only two conclusions you can make from this narrative framing:
- Kamala Harris is economically illiterate
- Kamala Harris is trying to scapegoat productive businesses for a problem her policies created
Both conclusions should disqualify her from being President.
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The only way for the government to try to solve this problem, which only gets exponentially worse as boomers continue to retire, is to print an ungodly amount of money.
You aren’t bullish enough on bitcoin, anon.
https://m.primal.net/KApW.jpg
I sat down with @preston to talk about:
- Acceleration of the debt spiral
- Abysmal Treasury auctions
- The Bank of Japan’s problem
- Bitcoin as a corporate treasury asset
- Bitcoin as the hurdle rate
- much more
High octane signal.
https://youtu.be/cNtIuN3717U?si=sp9y4KAV7ptlNxo0
The smart money knows what stands in front of them in bitcoin. It is a long term store of value asset that is extremely liquid, will be there in times of need, and will only see increased adoption as more people wake up to this truly unique utility.
https://www.tftc.io/yen-global-debt/
A recession looms in the US.
Jobs numbers 📉
Unemployment 📈
Stock markets 📉
National debt 📈
CRE 💣
VIX 📈
Meanwhile bitcoin's fundamentals are strong.
Morgan Stanley opened the floodgates
Vol is flat
Hashrate at ATH
Trump is still pumping the coin
https://www.tftc.io/recession-in-us/
Could Tether bring stability to Treasury markets?
What if the Treasury issued bonds backed partially by bitcoin while also building a bitcoin stockpile to pay back debt over the long run?
This is what a multi-decade soft landing would look like to me.
https://www.tftc.io/tether-treasuries/
The only way to attempt to begin to solve this problem is to usher in a sound money standard and deregulate markets as quickly as possible so that prices can fall and people can actually pay for the things they'll need to survive in their retirement years.
https://m.primal.net/Jjiv.jpg
Proton Wallet launching and Fold going public are a validation that bitcoin brings resilience to business stacks and products.
Whether that's in the form of a superior monetary asset that preserves wealth over time or enables companies to leverage a payments infrastructure that is immune from third party control.
https://www.tftc.io/proton-wallet-launch-fold-goes-public/
We're in uncharted territory and it is undeniable to me that we are currently living in a Banana Republic ruled by people with no regard for the American people or their political will.
https://www.tftc.io/reporting-live-from-the-banana-republic/
Economic anecdote from the field: there’s an abnormal amount of parking available for mid July in my shore town. Usually jam packed this time of year. Shows on the beaches too.
I don't think the profundity of being able to host a web application on Nostr that can connect to HTTPS without a DNS dependency can be overstated.
Nostr is so much more than a protocol for social media.
https://www.tftc.io/nostr-web-services/
White pills only. We’re winning harder than I could have ever imagined and most people don’t realize it. The progress that’s been made on this protocol over the last 7 months has far exceeded my expectations.
This is why scaling in layers and pushing privacy up the stack is the correct strategy IMO. There are many improvements that can still be made at the protocol level e.g, wider Payjoin adoption, but most of the MoE privacy advancements should happen above layer 1. Being able to audit the supply trivially and with confidence is paramount to bitcoin’s long term success.
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Don't get too pumped about Trump speaking at this year's @thebitcoinconf, there are forces in motion that could severely impact the bitcoin industry if people don't begin to make noise.
Earlier today there was a Senate Agriculture Committee hearing on Oversight of Digital Commodities with the head of the CFTC that everyone should watch.
If the legislation that is inevitably going to come out of this hearing gets passed it won't matter if Trump gets into office. The industry will be hindered for years. There is bi-partisan support at the moment as Democrats are moving quickly to react to the buzz Republicans have received due to their embrace of bitcoin.
Long story short, this committee is pushing to give the CFTC regulatory oversight over spot bitcoin markets, which is an unprecedented expansion of CFTC authority into retail commodities trades whereas in the past they have exclusively had jurisdiction over only commodities derivatives markets.
If the CFTC is granted this expansion of authority it would mean that they are likely going to require any bitcoin company to register with the federal government and have enhanced KYC/AML requirements. To be clear, this won't only affect exchanges, but any company that touches spot bitcoin.
These efforts are being spearheaded on the crypto side via lobbying efforts by Kraken, Coinbase and Ripple. Not shocking because this would likely enable them to trivially erect regulatory moats.
It looks like the bi-partisan effort will be looking to pass something through the House and into law rather quickly. Likely before the election.
It is imperative that you speak out against this as it would increase the regulatory and compliance burdens on US bitcoin companies considerably. The best move right now is no action. We need less regulation, not more. As we've seen time and time again throughout the first 15-years of bitcoin, these regulations but users in harm's way and make it unreasonably difficult for companies to operate cheaply and effectively.
Call you Representative and tell them to reject any bill that would give the CFTC oversight over spot bitcoin markets. This is a full on attack.
https://www.youtube.com/watch?v=F3i0pxWvyPc
The concept of Summer Doldrums doesn't exist in bitcoin.
In the last week, Germany has dumped > 30,000 BTC, ETF inflows surpassed 90% of all new ETF inflows in one day, and Block + Core Scientific announced a new partnership involving Block's 3nm ASIC.
https://www.tftc.io/germany-sells-bitcoin/
What you are witnessing play out is the emergent symbiosis of complimentary protocols being built on top of bitcoin. Highlighting the beauty of the interoperability that is native to the bitcoin stack.
Lightning + Chaumian mints strengthen each other.
https://www.tftc.io/complimentary-protocols-bitcoin/
Collectively, unfunded liabilities are more than 6.2x larger than our national debt. When broken down to the level of the citizen, each US citizen would need to cough up $643,535 to cover these liabilities.
These unfunded programs are Ponzi Schemes.
https://www.tftc.io/the-elephant-in-the-room-unfunded-liabilities/
This is a text exchange from 2018 between Hunter Biden and his psychiatrist in which they joke about President Biden's dementia.
They knew he had dementia but pushed him to run anyway. He was always a puppet and those in the party pretending that this is news are trying to manipulate you.
The corporate media and the Democrat party are trying to save face and their tactics are so obvious and dishonorable that it really makes one wonder if the party is run by literal demons.
Imagine if the Hunter Biden laptop wasn't labeled as "Russian Fake News" and Americans were able to look at the data and decide for themselves. We wouldn't have had a corpse on puppet strings being manipulated by the Deep State as President for the last four years.
https://m.primal.net/JLDr.jpg
The high trust society exhibited in my village by the sea is something we should fight for.
Kids riding bikes all over the island without supervision.
Wife left my beach chair on the path to the beach for three hours. It was waiting for me when I arrived.
The simple things.
Thanks to the Chevron deference ruling from the Supreme Court, the economy has removed an anchor that has been holding it back for more than a generation.
The balance of power, as the founders designed it, has been shifted back in the right direction.
https://www.tftc.io/chevron-deference-bitcoin/
Fiat money breeds fiat architecture.
High time preference onset by the inability to properly accumulate and save capital is destroying the quality of the goods and services produced in the economy. This affects quality of life.
Fix the money, fix the world.
https://m.primal.net/JGGN.mov
I sat down with Mel Mattison to discuss the Fiat Endgame, the history of central banking, the eurodollar markets, the bi-monthly meeting between central bankers at the BIS, and how to prepare for the collapse in confidence in the dollar.
Hell of a rip.
https://www.youtube.com/watch?v=YIhoniJ2xgY
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