What I'm watching... 👀

#Nasdaq stocks  ( $QQQ ) in the US have absolutely crushed it relative to most other equities over the past five years, rising a whopping +158% in US dollar terms!

However, they have actually decreased -55% in real (neutral energy money) terms over that same time period.

Understand that how you measure your life is extremely important and relevant for a better future.

False weights, measures, and money--like government fiat currencies--give you a distorted and misleading picture.

#Bitcoin is better money for a better world.

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


Transferred or revalued.


Perfect. All followed. Thanks Will!


Followed. Thanks


Freedom from peak authoritarian central control is the real worldwide movement.

#Bitcoin and #nostr are two tools to help decentralized sovereign individuals actually win the fight. Eventually.


Nice.
Any favorites?


Ty. Followed.


Followed. Cheers.


58k forever. Blessed.


Thanks Derek.
I appreciate the good work you do here.


Who is on your short list of fantastic #nostr and #Bitcoin developers?

Please tag your favorite(s).

I’d like to know, follow, and support them. ⚡


Right around fair value. #Bitcoin
https://m.primal.net/KcLE.png


Yes.
It’s coming.


$58k stablecoin forever.


cc:
nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s
nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424


This came to mind immediately.
https://image.nostr.build/3fdd5c2fb80cacb5566e7da1e6e45edbb5820db9a6fdba881b9d67f987525c51.jpg


It will happen slowly at first then, seemingly, all at once.


LIFE (ON EARTH) IS SHORT. DO BOLD THINGS.

YOU SHOULD ABSOLUTELY INSIST ON LEADING AN INTERESTING LIFE.


Just looking at this makes my feet claustrophobic. 😂


(Purchasing) Power to the People.

#Bitcoin

In a world of inflationary (constantly debasing) government fiat currency, this is a revolutionary—and desperately needed—monetary breakthrough.


🔥ALL CAPS FOR THE WIN🔥


Yes. I liked those features.


lol… hundreds of imposters and scammers, unfortunately


Never individual advice! 🍻


Not as much as freedom.


FWIW (not much)...

Regarding #bitcoin price action...

Based on past cycles and current liquidity conditions...

I am giving each of the next 14 months (from September 2024 through October 2025) approximately a 67% chance of being a green monthly candle in US dollar terms.

It's all speculative nonsense, of course. But it's fun to imagine what could happen over the next 4-5 quarters.

🐂


I can dig it.
But it’s a little too intense for most people, I think.


No.


Possibly. Though I obviously hope not.

Also, huge technological advances are underway.


If a person could have been magically transported through time from 1934 to 1945, I think the changed world would have been almost unrecognizable.

Similarly, I believe we would scarce believe the changes that are coming by 2035.

For worse and for better.

Buckle up.


Yes.


The unending and unwanted solicitations are insufferable.


I deleted LinkedIn and 10,000+ connections months ago. I haven’t regretted it at all.


Damus on my phone.

Primal on my desktop.


I cannot think of better tools with which to build a better world than #Bitcoin and #Nostr.

Freedom is finally starting to win.

Get to work. 💪


Doing so greatly increases quality of life… at least in my experience.


Accurate. 😂


Yes, yes, and yes.


Hopefully.


I did a thing today.

#Nostr is now my only social media account.

Decentralize.

All in.

Onwards.

https://m.primal.net/KaZP.png
https://m.primal.net/KaZM.png


Every time you buy #Bitcoin with government-issued fiat money, you are acting as if you are locking your house at night to protect it from thieves.

In each case, you are acting to protect what is yours from those who want to take it without your consent.


Markets hate uncertainty… everyone knows this.

In my multi-decade experience, no asset is as *certain* (whatever that means) as #Bitcoin.

If #Bitcoin is confusing and uncertain to you, study more.

Cheers.


It is time for citizens to ban governments that ban personal freedoms.


Folks over on X are having a difficult time understanding why I’m focusing my efforts on #nostr.

Here’s why: https://image.nostr.build/c01cbf357f65c2f0f2f3510aa0e7cb0d88ad0cb2f227a1c131b5827bf2fd73de.jpg


Hi, I’m new here. I finally jumped into #nostr when nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l said he was stopping publishing on X. Cheers for him.


Few understand that the real war is analog/centralized powers vs digital/decentralized individuals.


Great take, Lyn. ⚡ nostr:note1ed4lf2qj9vw6a0mn4duy3r20nvhzw2de3qw2zgulhn55z3laad7s4349qd


Strong agree.


STOP COMPLAINING.

TAKE RESPONSIBILITY.
TAKE ACTION.
LIVE FREE.


Halving progress 9%. #Bitcoin
https://m.primal.net/KVIE.png


I’m not in the recession camp.

But yes, there will always be events and data points that can bring down the price of bitcoin in the short term.

I call those “buying opportunities.”


58k forever.


Decelerating GDP growth and weak manufacturing data, before US net liquidity and global M2 money supply start accelerating in earnest.

These conditions could persist until mid-to-late September.


Although September may have some weak data points, I have officially pivoted from Dr. Bullcrab to Dr. Bull.

Bullish macro and liquidity tailwinds are coming soon.

It won’t happen all at once… in fact, it will start slowly at first…

But it will happen.

I expect the next 14 months of #bitcoin price action to be generally lit.

#Halloween2025 is my next major target date.

(For infotainment purposes only.)


Yes.
Although we may have some weak macro data in September, I have officially pivoted bullish.


Happy birthday to the king of pop!

The astronauts are loaded up and the hatch has been sealed.

Initiate booster ignition sequence.

Weak September macro data clouds may delay the official launch for a few days or weeks but—without a doubt—the next #bitcoin bull market launch is coming soon.

Wait to be fully stacked at your own peril.

🔥🚀 https://image.nostr.build/c20815fdc5c316d89a8f365e96900ab53631ba950d9ef3c5fb337caefdc7d97b.jpg


Step back, overreaching governments… who constantly and intentionally steal the hard-earned purchasing power of their constituents via fiat currency debasement.

(Purchasing) Power to the People.

#Bitcoin


True or false: #Bitcoin is productive capital.


Mass Nostring happening on Twitter, even by those suffering from Nostr derangement syndrome.

Welcome them all 🤙


Anyone: Why Bitcoin?

Me: Start here.
https://m.primal.net/KOQx.jpg


Yes.


It’s generally unwise to short #bitcoin over any meaningful time frame.

But this is the part of the cycle where it’s really stupid to do so.

Cheers.


Too late. 😢


GM #nostr.

I’m unplugging for a bit.

Powell officially pivoted dovish on Friday.

Bullish. https://image.nostr.build/cc0b19f9739eb507f096a061e5b1a6a2e18d89dba7565d2aaf8ecc36b6a63077.jpg


speed is the most important feature.

being able to send a note/post via text, have it fully render, and instantly load when someone clicks on it, is one of the biggest things that will help build network effect.

communities, such as ditto, and giving people the option to make them private and encrypted, is a net new feature not found on any other platform that will draw people to the nostr social app protocol, and be the best onboarding and discovery tool out there. people care a lot more about privacy than censorship-resistance.

getting as much content and information on here, welcoming of the bots and agentic AI, will allow this protocol to be the only one that can definitively state: "see everything." especially since no individual/corporation/government can delete your content or account.

this is what i would prioritize. the past two years of nostr has been about exploring the breadth of the protocol. great! it's now time to go deep and focus on quality and differentiated experiences. not copies of copies.


Agreed.


"everyone was looking for the next Michael Jordan on the basketball court, but he was walking up the fairway” - Phil Knight of Nike talking about the emergence of Tiger Woods

it feels like there has been a lot of time and energy spent on finding the next Bitcoin, but maybe the similar philosophy, goals, technology, and energy isnt on another blockchain but a different distributed network in nostr

lots of similarities with early bitcoin here.

my main takeaway after attending my first nostr conference


Great fireside between  nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx and  nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m at Nostriga. I got a chance to listen to it now.

Regarding the question of whether Nostr will have more users than Twitter/X in five years (~500 million), my base case would be no, actually. And I say that as a huge Nostr fan and daily user.

In the long arc of time, Nostr's addressable market is nearly unlimited (basically everyone who uses the internet could be using Nostr in some form), but I expect somewhat of a slower burn. Infrastructure build-out type stuff. And breaching a network effect with a better solution is generally quite a long uphill climb.

To me, Nostr is successful once it starts serving tens of millions of people well. I expect it to be more of a quality over quantity thing for a while. Bitcoin is almost 16 years in and still isn't at 500 million users. But for many of those people, it was lifechanging.

I'd like to be surprised to the upside, but I also don't want people to think that if Nostr is "only" at tens of millions of people in five years, or 100+ million but still sub-Twitter, that it underachieved. It's tiny right now, and numbers anywhere approaching that would be a huge increase.

Nostr is a great improvement for everyone using it. But sometimes it takes people time to see why a given solution is better than what they have, or to realize they have a problem at all.

So in the meantime I monitor Nostr's success by the quality and quantity of developer activity, the capability of the protocol as a freedom tool or the shortcomings it still has for that use case, the quality of the conversations throughout the ecosystem, how many people consider it to be lifechanging tech compared to centralized social media, and in time, steady growth.


I was just walking down the street, coffee in hand, suddenly realizing how "normal" it all is already. Like most days, I went to a coffee shop that accepts lightning. Like most days, I paid directly with sats that someone zapped me here on nostr. Like most days, neither the merchant nor myself thought twice about it, or took a minute to marvel at what just happened.

So, allow me to do just that. Marvel at what just happened. While everyone is having a fantastically crazy time at #nostriga, uncountable people are using bitcoin in a myriad of ways. Some for savings, large and small; some for transactions, large and small; some for other stuff. Bitcoin is slowly but surely entering the world stage. Some commentators will tell you that this is good. Some commentators will tell you that this is bad. Whatever the case may be, it is unavoidable.

I see nostr under a similar light. As platform-based manipulation and censorship ramps up—which it inevitably will—the usage of nostr will ramp up too, and with it the usage of zaps and everything else that comes with it. And soon enough, buying a coffee (or breakfast, lunch, and dinner) with zap-based income will be normal. Just like it's "normal" to be an "influencer" today, or a "YouTuber" or whatnot... It's not everyone's cup of tea, but it's a normal thing. Anyone can do it.

Back to my coffee. I remember when I had the "oh my god, I can live on bitcoin here!!!" experience for the first time. It was in Bitcoin Jungle, a couple of months after the initiative was launched. I stayed there for 2 weeks or so, buying the necessities of daily life with sats outright. And it worked. Flawlessly. I had zero payment failures, and was exclusively using Zeus with my own node. It was incredible.

Why is this incredible, you ask? Shouldn't stuff just work? Yes, it should. But building out the tech and the infrastructure to make it all work is BLOODY HARD. I remember the first Lightning Conference in Berlin, in 2019. Everyone came, everyone had all their channels and wallets and everything prepared, and ~50% of payments failed. For... reasons.

Fast-forward to today: I go to one of the 100+ merchants in the city that accept bitcoin, a quick tap on the PoS device & QR code scan, boom, done. Is it always perfect? Of course not. Will it get better still? 100% it will. Very soon these merchants will have NFC-enabled devices, and the tap-to-pay experience that people are used to with cards & Apple pay will be normal for bitcoin payments too. If you are in Riga right now, you'll experience this first-hand thanks to Bolt cards and BTCPay Server. It's awesome, it's open-source, and it works. And it will get better still.

We are truly living in the best and weirdest timeline; a timeline where shitposting on the internet can buy you lunch and dinner; a timeline that spawns amazing technological movements like #nostr; a timeline that, every ~10 minutes, allows for a small miracle to happen. A timeline where "magic internet money" is a normal thing; a timeline that, thanks to the magic dust of cryptography, enables anyone to speak about anything, without having to ask for permission. I'm grateful.

Thank you, Satoshi. 🙏🧡


lol… being a doctor is generally a liability in the world of finance and investing.


That is only US (not global) M2. But yes, it is also bullish.


M2 global money supply has actually broken out of its 3+ year range and has finally shifted bullish.

US net liquidity still crabby.


Don't forget to let the world know that you don't understand inflation, basic economic principles, or how real businesses work by using the term "price gouging" in relation to grocery stores and political campaign policies.


I miss the 80s.


Exactly.
Kids these days don’t know how to simultaneously have fun and bleed. 😂


It’s good to laugh.


It’s usually the radiology technologist who’s protective of the images (from the patient).

Personally, I always enjoy going over images directly with my patients, fwiw.


Worth a watch.

I definitely vibe with the "Playgrounds Then" guy. 😂

https://www.youtube.com/watch?v=5P5GxUHJFLw


A small number of people interacting, learning from each other, and moving their energy to something better always proceeds a large number of people doing the same.
It’s something you’ll look back upon one day with genuine fondness for those times and people who made this time so special….so remember to celebrate it today.

#Bitcoin
#Nostr


Another example. -- I can't stop (won't stop).

Over the past ten years, the price of a dozen Grade A eggs in the United States have:

- increased by +56% in US dollars.

- decreased by -98% in #bitcoin.

CONCLUSION:

- The longer you save in US dollars, the more expensive life gets.

- The longer you save in #bitcoin, the more affordable life gets.

The choice is yours.

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


This data only goes back to June 2021, but...

Since June 2021, the price of a gallon of gasoline in the United States is:

- up +2% in US dollar terms.

- down -36% in #bitcoin terms.

CONCLUSION:

- The longer you save in US dollars, the more expensive life gets.

- The longer you save in bitcoin, the more affordable life gets.

The choice is yours.

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


Thanks for your efforts in the Bitcoin space! 🍻


I concur.


#noriga


What I'm watching... 👀

Over the past ten years (since August 2014), the price of single family homes in the United States:

- have increased +93% in US dollar terms.

- have decreased -98% in bitcoin terms.

CONCLUSIONS:

The longer you insist on saving in US dollars, the more expensive life gets.

The sooner you start saving in neutral energy money (#bitcoin), the less expensive life gets.

Whichever monetary denominator you choose to use sets the course of your life.

The solution is obvious, but many lack the courage to make the necessary change for a better life.

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


ARE YOU EVEN IN RIGA, ANON?


"Demand for bitcoin will meaningfully accelerate from here."

- Cantor Fitzgerald, on their new Overweight rating of MicroStrategy

https://seekingalpha.com/news/4142325-microstrategy-rated-new-overweight-at-cantor-on-bitcoin-demand


It’s much harder to fail if you back your business with #Bitcoin.


You hate to see it.


My favorite page on the StLouisFed .org (FRED) site:

"Buying eggs with bitcoins."

Since they started keeping track in January 2015 through July 2024, the price of a dozen eggs:

- In US dollars: Up +46.0%, from $2.11 to $3.08.

https://m.primal.net/KAnW.png Image

- In #bitcoin: Down -99.5%, from 925,406 sats to 4,903 sats.

https://m.primal.net/KAnX.png Image

CONCLUSION: Life gets ever more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.

Inflationary fiat currency versus neutral inelastic energy money...

The choice is yours.

Source: https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/


Love it. 🤝


Happy You-Know-What-Day, Nostr!
♾/21M


GM.

Government borrowing, spending, and expansion is completely and comically unhinged.

Defund and rightsize the clown world.

#Bitcoin


I was finally able to watch this fantastic interview.

Strong recommend that you watch it as well. 🔥

Shout out to  nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u and  nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe for the deep and multifaceted discussion!

https://www.youtube.com/watch?v=-o02OLYsnw0


Yes.


auto-following on account creation is a mistake. especially for nostr clients. takes a bunch of agency away and puts the person in a defensive position of “why am i following this account?”

trending, search, and topics are far better leads to a follow.


Precisely. 🤝


NGL I came to nostr so I didn’t lose your commentary on the Coin Christ and Culture.

Not sure I will cut out X altogether, but this is a start.


Welcome! 🤝


I recommend looking at who your favorite people follow, then follow some/all of them.


nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a is one of Bitcoin’s best.


Different than Lyn Alden?


Double #rainbowstr after the hail and rain. https://image.nostr.build/14d8403b29f977eaf89290218183ed786f55c19cd7d8ee410ff086a33cf36b8d.jpg


Admittedly, I don't miss it.

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


EVERY DECISION YOU MAKE SHOULD BE MEASURED AGAINST THE OPPORTUNITY COST THAT IS BITCOIN.

https://ten31.vc/insights/outperforming


Yowza


Bitcoin's number go down technology remains unparalleled (and previously nonexistent) in the history of humanity.

Two more cases in point:

A ten year chart of the S&P 500 ( $SPX ) and #Nasdaq ( $QQQ ) stocks, priced in bitcoin (bitcoin as the denominator).

LESSON: Life gets cheaper the longer you save in #bitcoin.

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


Separate money from central control with #Bitcoin.

Separate speech from central control with #Nostr.


Every day, your government is working hard to convince you that ongoing theft of your hard-earned purchasing power is not only normal, but is actually good for you and for the economy.

This is a lie, but very few understand it.


Same.


Straight talk:

There’s simply too much beer hate out there right now.


Bless your heart.
I can’t watch any of it.


Lots of confusion out there. Let’s keep it simple.

#Bitcoin is:
- Decentralized
- Secure
- Scarce
- Stateless
- Permissionless
- Energy Money

It’s not a tech company.

It has no cash flows and it never will.

It uses a lot of energy to maintain its unique properties (see above), and it always will. This is a feature, not a bug. Don’t apologize for it.

GM.


Wokeness is dying but not nearly fast enough


Strong agree.


"Unhinged" 😂

You're the best, Hans. Don't ever change.


This is a much wiser guess. 😂🤝


My 4Q 2025 price target remains unchanged and is approximately 8x higher than the current price.

This is obviously just my best guess.


Just got triggered by another bitcoin analyst write-up.

So, for like the zillionth time...

The last six months of price consolidation "at or near the 2021 highs" is NOT ATYPICAL OR UNUSUAL if you understand that:

1. The 2021 bitcoin price high of approximately $69k was an (abnormally low) anomaly, historically-speaking... and *should have* been closer to $125k.

2. The anomaly was caused primarily by China's sudden and effective ban of Bitcoin mining, which caused the hash rate to drop precipitously by approximately 50% in the spring/summer months of 2021. By the time hash rate recovered, the liquidity and leverage wave of late 2021 had reached its peak, limiting further upside price action.

3. Once understood, the current post-halving rangebound consolidation of approximately 40-60% of $125k (range: $50k-75k) is TOTALLY NORMAL and quite similar to 2H 2016 and 2H 2020 price action.

Hopefully this makes sense and is helpful to those who are despairing and/or are new to bitcoin.

Cheers. 🍻


“Nothing is certain except death and taxes and $58K Bitcoin.“

- Benjamin Franklin, paraphrased


Same. 🤝


Forever fifty-eight K. 🧡


So... my first Nest trial was unsuccessful.

I couldn't see anyone but "Guests" in the audience.

I couldn't figure out how to invite anyone up on stage with me.

I assume my mic was working, but it's kind of clunky and hard to reach behind the nest URL at the bottom of the screen.

I may have to wait until someone with experience runs a Nest and hopefully I can join them on stage for a bit to play around with the features and figure out what's going on.

As of today, I miss the UI/UX of Spaces, but am confident that the features will improve on #nostr going forward.

nostr:note1zhpfrgpnvce7s965cw95d65uju86ae70k5ujcvlff5fywt9ackmsxhw8vf


We'll see how it works. I want to monkey around with it and see how the controls work...


"Doom and Gloom (nest test room)" nest is live! Come join 🤗 https://nostrnests.com/naddr1qqjxyd3nxfnxvdee943xyepk956rwde595urjdm995urvcmrxd3kgepevyerxqg4waehxw309aex2mrp0yhxgctdw4eju6t09upzpduedsvruqmd7fuq99zmszaaezct7kt3ke3p4p4lx45uxvs30uraqvzqqqrkvurzf5n6


#Bitcoin
Kamala: The Real Bitcoin Candidate
https://m.primal.net/KFmx.mp4


Same for me.
Glad you’re here now.


Excellent.
We all need to start somewhere. 🤝


As you are able to, stack purchasing power.

When you need or want it, spend purchasing power.

With a generous heart, give purchasing power.

By doing so, spread purchasing power.

#Bitcoin


Accurate.


Plot twist:

The only way to make governments responsible is Bitcoin. nostr:note1xpfjezay98v5x6tptkn5wkckyyjwv3ar0zu2x5kmpq55d3c2kz7qz0f7hl


#Nostr is freedom from being monetized.


Shout out to the Chronic Complainers.

Those who sit back and criticize the creators, the problem-solvers, and the doers.

They run rampant on social media, mocking and trying to devour those who would advance humanity.... Focusing on past mistakes rather than myriad contributions.

They are bitter, and want to spread their bitterness like influenza.

Without them, the creators, the problem-solvers, and the doers would simply... get things done.

Here's to you, Chronic Complainer. 🍻


Yes. ⚡


That's great!


I didn't listen to it, but I generally agree with this take.


China, Europe, weaker US dollar...


Yes.


It depends on to which asset class you are referring.

For US based risk assets: Yes.

For global assets: No.


This is the way forward. ⚡ nostr:note1mu9ztp46eadvhlmfvg22tjrcjx4dezjyhj2lzhfy8rg48xerulsq00rvye


Love this attitude. I hope it catches on... ⚡


An update on *liquidity* flows...

OBSERVATION #1: US NET LIQUIDITY (top half of chart) continues to be generally rangebound (chopping sideways: crab-like) since all the way back in 2021!

OPINION #1: US-based risk assets tend to follow US net liquidity over time. Based on this data, I would continue to expect choppy sideways (crab-like) price action for US mid cap, small cap, and micro cap stocks until the trend changes. -- If these equities make overly bearish or overly bullish moves in the short-term, one could consider making a short-term contrarian trade. 🦀

OBSERVATION #2: GLOBAL M2 MONEY SUPPLY (bottom half of chart) has officially broken out to the upside of its three-year choppy sideways range, and is resuming its longer term trend ever up-and-to-the-right. This longer term trend will continue until the dollar dies (decades from now).

OPINION #2: In the near-term, this resumption of increasing global M2 money supply is bullish for global assets... currently including megacap technology stocks and, of course, bitcoin. Based on past precedent, I continue to expect weak bitcoin price action throughout the month of August, giving HODLers a beautiful opportunity to stack relatively cheap sats in the setting of rising global M2. -- I do not believe this bargain will go unnoticed for much longer, with the next major bitcoin bull market beginning sometime between September and December of 2024, and probably lasting until 4Q of 2025.

Hope this helps. Cheers #nostr friends.

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


Love this iconic #bitcoin chart.

Thanks for posting the updated version here on #nostr, Root! ⚡

nostr:note1y6m8rgzkz9naxsgg7pcymrjgartuaqjexuzcee8jduvm9yu35h2q0ycfen


Life-cycle of a Bitcoiner:
1. Do the work
2. Stack sats
3. HODL
4. Do well -- #HFBF*
5. Give back

*(Have Fun Being Free)


Free enterprise is the default state of affairs. It's a complex and ever-ongoing negotiation of prices between retailers, product producers, commodity producers, employees, and so forth. It is a constantly-adjusting control system sorting toward Truth.

Authoritarian governments and the masses that support them can impede upon prices and thus rekt the ability for natural pricing to occur, which disrupts all trade and makes everything more inefficient and more expensive.

Notably, the handful of countries that have made social democracy work, all preserved the metric of "ease of doing business." In other words, if you examine Scandinavian countries, they do have high taxes and high support for society. That's how these relatively small and homogenous societies have chosen to govern themselves, and they consistently score among the highest global levels of happiness. But in terms of "ease of doing business," they still score very high. They tax and spend, but they don't interference with business operations to generate new value. They tax and redistribute the engines of growth, but they don't impede the engines of growth.

That's the key thing, in terms of variables not to mess with. Don't interfere with the flow of pricing, domestically or globally, which is ultimately just information. Maintain the ease of doing business, let pricing set supply/demand balances, and then sort out what sort of social contract exists independently of those foundational wealth-building engines.

nostr:note170zgh0rm63mcwu9mnws37xk86xrjjxwnt077aytj0nqkzsqm956sf4qqce


WUT IS HAPPENING


Posted over a year ago (3-Aug-2023)…

Did Cody make a good choice? nostr:note1845hsqyfsnxdkuf53mpzavnt9ja5hnyux2hxcgmkez6ep3wfjs7qrn5804


I could get behind this. nostr:note1chyv0gd8c3vxfqtjyeajq09pad84w0ym4duujse6z7325jalc4js0k4ezg


Nothing magical about this day, obviously. But I still think it would be wise to fully stacked, just in case.


Same. 🤝


Yes, they are intertwined.


Has anything been more destructive to the planet and to humanity than a full embrace of Keynesian economics by the world’s nation state governments over the past 80+ years?


Agreed.
It will take a generation, at least, to implement.


Interesting take.
Thanks for sharing.


I think bitcoin will eventually create a less speculative and less leveraged society. Less, but higher quality businesses. Less trading. More shrewd and real investments, rather than the current fiat-driven market dynamics.


Yup.
I do this already.


I think it’s actually an incredibly complex issue and I am in no way an expert. However, I imagine it will be possible to do as a layer three or layer four solution a decade or two down the road.

It’s much too early to implement in the coming few years, in my opinion.


I’ve heard the same things, and wouldn’t be surprised if it started out on ethereum or solana.

But I also think that it will eventually happen on Bitcoin… and will be laughably clunky and difficult to use initially, but then will become the worldwide standard.

Similar to the progression of bitcoin itself, nostr, and other open source projects.


All very good questions.
There are answers, though I’m probably not the one to solve most/all of them.


Thanks! I’ll check it out.


I didn’t hear his interview, but I’m very familiar with this point of view. I think most of the people who hold this view are at least one or two years early.


Way beyond my skill set.


Do it! 🔥


And $NVDA over the past decade. Only a small number will outperform the corn over the next decade as well, I’m guessing.


The stock market… worldwide… but priced in bitcoin and built on the rails of the Bitcoin network.

This is inevitable.

Seriously. Who is building this?

I want to participate in this FOSS effort.


Being a life-long truth seeker (it’s how I’ve always been wired) occasionally got me in trouble with a few teachers and even college professors in my younger days. 😂

But, over time, this thirst also led me to:
- become a devout follower of Jesus Christ
- the Bitcoin network
- and now, #nostr

And for these things, I am extremely thankful.

Other than these few things, I’m aggressively pragmatic.

How about you?

Are you a truth-seeker? If so, where has it led you?


They have very different personalities.


Want to understand how inflation impacts your purchasing power?

Let's look at The New Yorker, which publishes the price of each copy right on the front of the magazine.

1925: 15 cents
2024: $8.99

What the heck happened to make The New Yorker so much more expensive?
https://m.primal.net/KEpj.jpg
https://m.primal.net/KEpk.jpg

It's important to understand that technology is naturally DEFLATIONARY.

Everything should be getting cheaper over time, including The New Yorker.

Think about it: printing, writing, & editing technology has improved tremendously since 1925.

So, why is the magazine more expensive now?

From 1925 to 1971, The New Yorker increased in price from 15 cents to 50 cents, an increase of 233.33%.

That's pretty dramatic, but not THAT bad...

But from 1971 to 2024, price increased from 50 cents to $8.99, an increase of 1698%.

So, WTF happened in 1971?

In 1971, Richard Nixon "temporarily" suspended the convertibility of dollars to gold, ending the Gold Standard.

This meant that the Federal Reserve could now print dollars out of thin air without restriction.

Increasing the money supply by creating new money out of thin air is literally "inflation."

"Prices rising" is the result of inflation.

When more monetary units are created, the purchasing power of the monetary units that already exist decreases.

When the government/central bank prints money out of thin air, they are STEALING your purchasing power.

Here's The New Yorker over a few decades:

1971: $0.50
1980: $1.00
1990: $1.75
2000: $3.00

The magazine did not become more valuable, our MONEY became LESS valuable.
https://m.primal.net/KEpn.webp
https://m.primal.net/KEpo.webp
https://m.primal.net/KEpr.webp
https://m.primal.net/KEps.webp

By looking at this example of The New Yorker, which cost 15 cents in 1925 and costs $8.99 today, we see that the U.S. dollar has lost approximately 98.33% of its purchasing power in less than 100 years.

This is what happens when you print money out of thin air...

When money is controlled by the State, you are powerless to stop the destruction of your purchasing power.

Technology should be making everything LESS expensive over time, but even something as simple as a magazine gets more and more expensive over time.
https://m.primal.net/KEpx.png

So, what can you do to protect yourself from the government/central bank printing money out of thin air and destroying your purchasing power?

Study #Bitcoin with  nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8

There will only ever be 21 million bitcoin and no government or central bank can print more.


If you haven’t used the word “oophorectomy” in a sentence today, then we are not the same.


Exactly.

Monetising audiences sucks balls.

Let the audience choose to monetise you coz you create value.

nostr:note1v9wycpgy3vejrr609wwxjdw7xcn3yxpne3ku4chpfhp67trkandqhvzq8e


ZAP MORE THAN YOU RECEIVE.

BE THE CHANGE YOU WANT TO SEE.


As a fellow freedom-lover, I would recommend not worrying so much about the actions of others... whether they do or don't do the things you think they should.


That’s my hope. I certainly don’t have anything relevant to offer from a technical perspective. 😂


lol


Correct.
We all have to start somewhere, no?


#Bitcoin https://image.nostr.build/2eae60b35774491ee9147535614ca1f5561c0668623cd0465ff15a7aec82e67d.jpg


Folks over on X are having a difficult time understanding why I’m focusing my efforts on #nostr.

Here’s why: https://image.nostr.build/c01cbf357f65c2f0f2f3510aa0e7cb0d88ad0cb2f227a1c131b5827bf2fd73de.jpg


Especially Bitcoin.


Yes.


Max Keiser, whose opinions I generally respect, and many of his followers consider Bitcoin to be God… which I consider blasphemous.


Indeed. Sadly.


Welcome to #nostr!


Possibly.
But my schedule is really tight over the next several weeks.
Maybe in mid-September or later?


“You make a god out of whatever you take most pleasure in.”
- John Piper


I’m a fan of almost any books by C.S. Lewis and John Piper.

Also, I spend time daily reading the Christian Bible, especially the Gospels, the book of Romans, and other letters written by Paul.


“Worship of God is the consummation of my quest for pleasure.“
- John Piper


Awesome proposal by nostr:npub1zuuajd7u3sx8xu92yav9jwxpr839cs0kc3q6t56vd5u9q033xmhsk6c2uc for better security on direct and group DMs.

If you have time, please review and provide feedback. 🔥

nostr:note1jj7lczrmppgl0gul76lzw6qyrwt9a8a2vlggas97as589texmfpqjeth2r


Thanks for the good work that you do, Jeff! 🤝


What I'm watching... 👀

An ongoing positive divergence between the price of bitcoin (red line) and global M2 money supply (green line) since June 26, 2024.

This is likely to (eventually) resolve with a price movement to the upside.

The longer it persists, the more likely it is to move further and higher to the upside when it eventually resolves.

In all seriousness... you love to see it.

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


#Bitcoin is a risk-off asset for:

✅ People with low time preference
✅ People that understand money
✅ People suffering from inflation
✅ People living under oppressive regimes


Nice.
Well-stated.
🤝


Looking to expand my nostr feed.

Send recommendations of cool people who post often.

People you think greatly enhance the quality of a feed.


GM.

As neutral decentralized energy money, Bitcoin is the world’s only accurate monetary measuring stick.


Price your life in bitcoin and you will do well.


Okay. Thanks for the info. I’ll try to figure it out later this week.


Another one… 😂 https://image.nostr.build/d634279fc8da15cae5b53267993281ab6d43cca44adc00adcc078dc371c17eaa.jpg


Basically my life over on the X app.

Keeping the moonboi influencers in check. 😂 https://image.nostr.build/4a1f68a05ba8463b099c6d55a85bec4119cb584b3f65817e1390d2435c2ad598.jpg


“Cousin” Derek. 😂

Unrelated, is Alby not compatible with iOS? I tried fiddling with it the other day and it kept insisting that I use Chrome, which I don’t want to do.


I don’t actually know.


Strong agree.


Right?
My guess is that I’ll try really hard to do it, but will either fail spectacularly and/or no one will even know that I’m doing it. 😂


I don’t know.
I haven’t tried Nests out yet.


I’m sure I’ll need (more of) your technical support, Derek. 😂


It's a new VC marketing cleverism.


Thanks for the good info. 🤝


Agreed. Some Bitcoiners don't like it--which I respect--and have told me so. 😂

I suspect, however, that there are many who would appreciate it and might actually join in on the discussion.


I'm not sure since I haven't tried it yet. Hopefully I'll have some time this week to try it out.


Instead of frequently doing/joining Twitter Spaces, I'm thinking of firing up #Nostr Nests going forward.

A good idea or nah?

Is there significant interest here on #nostr for macro, investing and (obviously) Bitcoin-related discussions?

I'd love to build and share ideas more on #nostr rather than on X.


Meh… that’s debatable.


Exponential risk asset and bitcoin price increases are always only temporary (unsustainable) and are primarily driven by robust liquidity flows and usage of leverage.

I expect these conditions to return in 4Q 2024 and throughout most of 2025.

**Obviously, this is just a guess and I could be wrong.


On the US social security ponzi scheme...

Literally, a ponzi scheme.

Great post, Lyn! ⚡

nostr:note10elqdmn0xf60x7mpyfp7w9zcctle69trhtr4dmvgddemjfrxhmtsyvrghz


The fiancialization of #Bitcoin by Wall Street has always been inevitable.

I'm not even very bright, but I've been talking about this happening for many years.

So this week will simply mark another milestone in the growth and development of the #Bitcoin monetary and financial network.

What's more interesting (to me) is what will happen over the ensuing years and decades.

As a completely separate monetary and financial network from the US dollar-led fiat/credit based network, I think that #Bitcoin will eventually grow too unwieldy and powerful to be contained by Wall Street, as well as by most corporations and fiat-based governments.

Eventually, possibly as soon as the 2030s, #Bitcoin will actually overpower fiat/credit-based entities, break free from their attempts at control and coercion, sever all remaining ties, and separate government from the production and control of money.

Truly, it will be a brave new world.

And, dare I say, it will be a much better world for the vast majority of humanity.

It's not a speculation, an investment, or a portfolio hedge...

#Bitcoin is better money for a better world.


Yes.


My rough outline for the coming quarters (just a guess, obviously):

- Until Michael Jackson’s birthday: Astronauts are loading the ship.

- Once fully loaded, the engines alight.

- Sometime between Labor Day and Halloween 2024, the next bitcoin bull market begins in earnest.

- 2025 is likely to be lit.

🔥 🚀


I’m more conservative and use a 20% hurdle rate for the next twenty years… which, like I said, I believe to be too conservative for bitcoin.

But I like to be surprised to the upside.


It ain’t dead yet, but Dr. Bullcrab is on life support.

Make way for the emergence of Dr. Bull in the coming weeks and months.


Prepare yourself for what's coming...
#Bitcoin

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


Great charts and helpful info, Lyn!


Love your work, Matthew. 🤝


#Bitcoin
How Bitcoin Defunds War
https://m.primal.net/KBlo.mp4


Stacking sats is stacking true net worth.

Companies that do so are stacking true and lasting book value.

Nations that stack sats increase strategic capital reserves are ensure longevity.

Those that refuse to accept a Bitcoin standard risk obsolescence in the coming decades.


*Stacking

I hate typos.


Stack sats is stacking true net worth.

Companies that do so are stacking true and lasting book value.


It pulled me over from X… How bad can it be? 😂


Love me some Ludwig. 🧡


Excellent.


Regarding purchasing power accretion over time…

Embrace the volatility (of bitcoin) or embrace the suck.

The choice is yours, anon.

GM.


lol, respectfully hard disagree in return.😆

This may be a semantic disagreement. But to further explain, there is no such thing as idle resources in an economy (aside from literally purchased and rotting capital). Money is not a resource, it is a record keeping system. The act of saving is producing resources into society and holding onto a receipt of your contribution.

All savings are the creation of capital for productive endeavors, it is simply that you choose to not yet decide which enterprise to place it in, so you simply leave it to the whole of the economy to decide. But your net contribution remains an investment of resources regardless.

TARGETED investment is to believe you have found something that will, on net, do better than the average of society (which will be realized in the value of the money itself). Thus it becomes worth it to explicitly decide where those resources go.

But either way it is a net capital availability for society, and what it means is the same. One is simply targeted, while saving money results in investing in the index of the entire economy that uses it (in an abstract sense). Plus being critical for the safety, security, and mental well being of all members of society in their individual situations.

In other words, there is no objective claim that “investing is better than savings,” because it is purely a subjective judgement over where resources should be directed. To my future, or to a business enterprise? To anyone in the economy to determine where it goes, or to a specific counterparty or idea? And to say that the security, net surplus, and personal sovereignty of the individual isn’t important or “as important” as some business enterprise for society is, imo, to misunderstand what society is. To sacrifice the well being of the people for the blind goal of “more output” is to beg the question of what is valuable to begin with. You have to make that judgement first before making the claim, which means it’s built entirely on our subjective idea of which is a more valuable use of resources. But it’s ALL an investment of resources somewhere.


I’m not blaming the Millennial cohort. But in a democracy, the majority voting bloc gets to set the agenda.

This has been true of the Baby Boomers over the past several decades, and it will soon be true of the Millennials, the up and coming largest voting bloc.

It’s not a judgement call—it’s neither “good” nor “bad”—it’s just an observation.

As smaller voting blocs, Gen X and Gen Z simply have to go along with this form of Mob Rule.


Inevitable once the Millennials gain control of the US political apparatus.


UBI is really stupid, highly inflationary, and totally inevitable.


bobs = build on bitcoin son


Similar to Internetization in the late 1990s, Bitcoinization is well underway—right under everyone’s nose—today.

Start building or get left behind.


Context is critical.

Hoarding fiat currency (a depreciating asset) over time is incredibly stupid.

Hoarding bitcoin (an appreciating asset) over time is quite intelligent.

This applies to individuals, families, corporations, endowments, pensions, and governments.


Well said. 🤝


These dudes were on Mark Moss’s show yesterday.


Many people believe the Doom and Gloomers and think we’re on the precipice of a massive recession and market crash.


Yes.


My (approximate) time frames for the progressive adoption of #Bitcoin as the world’s premier reserve asset and reserve currency:

Collectible: 2010s
SoV: 2020s
MoE: 2030s
UoA: 2040s


Exactly.

My (approximate) time frames for the progression:
Collectible: 2010s
SoV: 2020s
MoE: 2030s
UoA: 2040s


This.


I’m with you, Guy.

Yesterday’s debate with Parker Lewis and Jeff Snider was a great case in point.

They just kept talking past each other.


Yes.
I believe that bitcoin is many years away from being a great, ubiquitous MoE for the world.

This is the store of value decade.


Getting into medium of exchange arguments with fiat brains is a futile exercise.

The world doesn’t really need yet another medium of exchange.

But most people *desperately* need an appreciating store of value to combat ubiquitous government fiat currencies, which exist primarily to steal humanity’s purchasing power over time.

#Bitcoin returns, protects, and appreciates purchasing power over time to those who choose to voluntarily join the growing monetary network.


Accurate.


No. I’m not watching this very closely.


Not a recession.

Rather, economic normalization… after the extremely wonky social, monetary, and fiscal policies from 2020 to 2022.

Understand this and you will do well.

#macro


Thanks Marko.
I couldn’t figure out how to do that either. However, nostr:npub15nrj3vfln4pn04f7m5llhdh6k4vdj3sgfl9mvc0xe8p0lulgup9sumvsd9 hooked me up with a Damus-compatible script that is working well.


Thanks for this info, but  nostr:npub15nrj3vfln4pn04f7m5llhdh6k4vdj3sgfl9mvc0xe8p0lulgup9sumvsd9 already helped me to figure it out.


Awesome!
You just received my first-ever Zap. 🤝


Actually, I restarted the app and I now see the lightning symbol.

I just tried zapping your post. Did it work?


And now they have increasing global M2 to provide a meaningful tailwind. 🔥


I tried it.
Nothing seems to have changed.


It’s unfortunate.
Thanks for the confirmation of my suspicions.


(Purchasing) Power to the People.

#Bitcoin


This seems to be the issue. I'm blocked from zapping others on my Mac desktop (using Primal) as well as my iPhone (using Damus). Not cool, if true, Apple.


Thanks for posting the info.


Bold. 😂


Defund D.C.
#Bitcoin nostr:note1jag9ej4vh6p4drlzutww5sszwc937mwgx25eu9eq6fpqckkljhescgmd7a


This seems to be the issue. And, apparently, I can only set up an Alby account via an invitation.


So is there an easy remedy for this?


Primal.


And, I can receive zaps into my strike wallet via Primal, but just can't send them. -- Also, I don't see a "big lightning icon on the bottom" to set up my wallet.


I don't know what client I am using... lol... I'm not the best with this sort of thing... which is why I'm a #nostr latecomer.


Yes, I use iOS. I don't have (or see) a "Wallet" option in my Settings.


I feel like a chump…

I can receive Zaps but still can’t Zap others via my linked nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 account.

Is it an ongoing issue with nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 and/or nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg?

Or is it stemming from my lack of technical prowess?

Any ideas nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle?


Definitely.


There is often a delay, which varies in length.


I find that there is a strong correlation between #bitcoin price dips and my bank account.


I have exactly the same perspective. 😂


Won’t happen, unfortunately, but yes.


#Bitcoin preserves your energy for future generations. https://image.nostr.build/56e5f563118a86ca174e039c3171a8841abbdd8abbde5cec0d148d3258ac9c01.jpg


From a technical perspective, my favorite short term positive divergence is a rising global M2 monetary supply and a sideways-to-down bitcoin price.

… which is what is currently happening.

FWIW.

🔥🚀🔥


Love this. 😂


Thanks Alex!
I want to increasingly focus my efforts on freedom technology where and when I can.


This ain’t no time to be a sat-stackin sissy.


Relax.

This is expected #bitcoin price action for the month of August, given the current macroeconomic conditions and, especially, after the huge pre-halving, spot BitcoinETF-hyped-up surge (too far, too fast).

Stacking more sats during a red monthly candle at this stage of the cycle while global M2 money supply is steadily rising again is a dreamy set of circumstances, as far as I am concerned.

Don't get shaken out by short-term noise.

1. Head down.
2. Word hard.
3. Stack sats.

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


Maybe. But I would be surprised if we don't have another exponential move higher in 2025.

Tbh, I kind of hope that we don't have such a move, as exponential moves tend to turn even the staunchest HODLer into a potential trader. And trading bitcoin is generally counterproductive.


Thanks for the info!


"We were unable to send this Zap?" -- Does any technically-literate person know why I keep getting this error message? I can receive Zaps, but can't send them...


My favorite page on the StLouisFed .org (FRED) site:

"Buying eggs with bitcoins."

Since they started keeping track in January 2015 through July 2024, the price of a dozen eggs:

- In US dollars: Up +46.0%, from $2.11 to $3.08.

https://m.primal.net/KAnW.png Image

- In #bitcoin: Down -99.5%, from 925,406 sats to 4,903 sats.

https://m.primal.net/KAnX.png Image

CONCLUSION: Life gets ever more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.

Inflationary fiat currency versus neutral inelastic energy money...

The choice is yours.

Source: https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/


What sane person wouldn't want life affordability to go parabolic over time?

Welcome to life on a #Bitcoin standard.

(Chart: Bitcoin in USD, priced in gold.)

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


How so?


Not yet... But probably someday... Depends on how good the UI/UX and interactions. Using Damus via my iPhone as admittedly been a suboptimal experience.


Thanks Jeff! X feels empty (or, at least, lacking) without you, Odell, and many other Bitcoiners.


Trying out Primal for the first time, thanks to the annoying insistence of  nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx ... Looking forward to posting on #NOSTR more regularly (and weening off of X) via a solid desktop app! 🍻


Boom. Done.


#Bitcoin is stateless energy money.


The government fiat currency system is unworthy of your hard-earned purchasing power.

Defund the shenanigans.

#Bitcoin


Evolution of the world's most desirable reserve asset:

Gold
⬇
US Treasuries
⬇
Bitcoin

The world is changing before our eyes... and the implications are massive.

Adapt, or risk obsolescence.


(Purchasing) Power to the People

#Bitcoin


What do you see, anon? 👀

Global M2 monetary supply is trying to resume its upward trend after chopping sideways for approximately three years.

If the new uptrend holds... #buckleup.

#Bitcoin 🚀 https://image.nostr.build/daadbe4d99eba7d6cfa6043fd3661b9614e724c130d56bb2960694d233f612c7.jpg


Defund Dystopia.

#Bitcoin


If it’s not built on #Bitcoin, then it’s not built to last.


Unpopular opinion:

Subscriptions and “intellectual property” are fiat constructs.

Share your best work and ideas with others.

Open source makes a better world.

#Bitcoin is better money for a better world.


As you are able to, stack purchasing power.

When you need or want it, spend purchasing power.

With a generous heart, give purchasing power.

By doing so, spread purchasing power.

#Bitcoin


#Bitcoin is the world’s primary reserve asset and reserve currency.

Most of the world just hasn’t realized it yet.

Said another way, the future is here, it’s just not distributed evenly.

H/t William Gibson


Government fiat currency constantly pulls a reverse Robin Hood on its user base of citizens...

Stealing purchasing power from the poor and giving it to the rich.

#Bitcoin fixes this.


Relentless. Forward. Progression (of purchasing power).

#Bitcoin


FWIW...

My general recommendation for all who are new to buying #bitcoin is to dollar cost average for a minimum period of ten years, regardless of price.

Don't sell during this time period, unless you are forced to do so.

Having a similar mindset to traditional retirement investing (versus day trading) is quite helpful.

After ten years, reassess the original plan and your options.

Bitcoin has a way of speeding your journey to financial independence!


Most people in the investing world fear volatility.

In fact, popular Wall Street “fear gauges” are usually based on market or asset volatility.

What people should fear, however, is loss of their purchasing power over time.

Once you understand this, ask me about #Bitcoin.


Defund the clown world.

#Bitcoin


The majority of people are impatient, which is why the majority of people have yet to enjoy the experience of life-changing purchasing power appreciation that #Bitcoin offers to patient hodlers over time.


There is no more discerning investor or consumer than the person who saves in #Bitcoin.

This behavior will literally change the world's economy in the coming years and decades.


When people want you to say something new but there is nothing new to say.

This is me.

#macro

1. Head down.
2. Work hard.
3. Stack sats.

#Bitcoin


Forever fixed supply. #FFS

#Bitcoin


A gentle reminder that bank "savings" accounts are where your purchasing power goes to die.


(Purchasing) Power to the People.

#Bitcoin


Freedom from tyrannical government regimes.

Freedom from corporate cronyism.

#Bitcoin is better money for a better world.


Lots of people would hate their government much less if the government did not have the power to create, manipulate, censor, sanction, debase, and extort money.

A major paradigm shift occurred with the separation of church and state… which humanity overwhelmingly approves in retrospect.

The separation of money and state is currently underway… which humanity will eventually overwhelmingly approve.

#Bitcoin


(Purchasing) Power to the People.

This is the peaceful revolution. 🇺🇸

#Bitcoin


As for me, I like the pizza.


Shockingly few people understand that unbridled government spending is the actual problem.


Inconvenient truth: Your current dollar “savings” accounts are the US government’s future purchasing power and source of sustainable growth.


Given its historical purchasing power appreciation, I think it’s helpful for some to think of #Bitcoin as an annuity.

You don’t try to “take profits” on an annuity, like some sort of degenerate trader.

Rather, you build up your annuity/savings during your prime working years, then draw down (or borrow against) the balance over the ensuing decades, as needed.


Pretty much. 🍻


This almost perfectly captures the past 18 months of my professional (fiat) life. https://image.nostr.build/e604a45963fa1683dc685061738d55a3c3b651e1f48c26474dd0ee6c845862a5.jpg


Okay. Thanks for your help.

My next question for Matt or Marty is, would this even be desirable for nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f? Or would it be more annoying (lots of tiny tips) than beneficial?


Is this legit, nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx or nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy?

Or is there a better way to do it?


Is there a way to set up #nostr so that any tips I receive could be channeled directly to #Bitcoin and/or #Nostr developers?

Instead of coming to me, tips get channeled directly to nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f or a similar entity via a link on my account?


Big week. Personally-/professionally-speaking.

Hopefully some resolution and clear direction incoming.


Agreed. But they clearly could be managed by the representative states, no?


Democracy works on a local level, and local governments serve a meaningful purpose.

Democracy works poorly, if at all, on a national level. In many ways, it is simply "mob rule."

Serious questions:

- Does the federal government serve a meaningful purpose today?

- What benefit does the federal government provide for US citizens that cannot be performed (better?) by local governments and private industry?

- Are the interests of the US federal government the same as the interests of the American people?

Outside of coordinating efforts during WW2, I don't see much (if any) benefit of having a federal government... which is massively bloated and expensive for the American people to maintain.

My opinion?

Decentralization and downsizing of massive nation states--along with their monopolies on violence and money creation and distribution--is coming.


“I’m new to #Bitcoin…
and I’m here to fix it.”

🤡


Fade the fiat system.

#Bitcoin


(Purchasing) Power to the People.

This is a world-changing, humanity-improving feature of #Bitcoin.


#Bitcoin offers what America once stood for.


#Bitcoin is the world's first and only honest, open source monetary ledger.

It follows that people who love to operate openly and honestly will greatly appreciate it.

And those who don't want to operate openly and honestly will despise #Bitcoin and feel threatened by it.


To whom are you giving your time and energy?

Are you building a better world?

Or contributing to and further entrenching the current corrupt system?

What are the benefits? What are the costs?

(I’m currently wrestling with such questions.)

Anyway, good morning.


Fiat brains: "But Bitcoin has no real utility."

Me: "#Bitcoin is decentralized, secure, neutral, permissionless, energy money."

Fiat brains: "Yeah, but what does it DO?"

Me: "lol"


In most countries, privacy isn’t a right…

It’s a fight.


Y’all can argue about what political side of the government you’re on.

But, as for me, I’m on Team #Bitcoin.


You can complain about “the growing risk of centralized Bitcoin mining” or you can do something productive about it.

Shoutout to nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m and Block for actually doing something productive about it.

More of this behavior, please.

🔥🤝🔥


Believing in and trusting the "full faith and credit of the United States government" is increasingly difficult for me.

Thankfully, for skeptics like me, there's #Bitcoin.


Epoch 5 game plan:
- Head down
- Work hard
- Stack sats

Almost anyone can (and should?) do this.

#Bitcoin


Government fiat currency is legalized cheating.

#Bitcoin is monetary truth.


Hodling #bitcoin makes you a more discerning consumer and investor.

On a bitcoin standard, prices continually decrease over time while quality actually improves.

Imagine that.


Forget the “dual mandate.”

The Federal Reserve is the buyer of last resort of US government debt. Full stop.


Same. 🤝


In all seriousness, if you are a business owner or CEO, you need a Chief Bitcoin Officer.


Jack gets it.


GM.

Almost everyone is underestimating the geopolitical implications of #Bitcoin.

The next 5-10 centuries will be very different from the last 5-10 centuries.

We are living through a transition point, but it is difficult to perceive from within.


It was fun seeing your new Bitcoiner on Tone’s show earlier today!


Since 2009, #Bitcoin is pre-programmed monetary policy.

We've known since 2009 that the block subsidy would decrease from 6.25 bitcoins to 3.125 bitcoins at block 840,000.

We know--beyond a shadow of a doubt--that the next halving will occur at block 1,050,000.

Can any government or central banker say the same about their monetary policy? How about the monetary policy 10 years from now?

It's laughable, obviously... and tragic.

#Bitcoin is the antithesis of government fiat currency.

It is better money for a better world.

It is (purchasing) power to the people.


- The wheel
- Electricity
- Indoor plumbing
- The internal combustion engine
- The airplane
- The internet
- #Bitcoin

World-changing, humanity-improving inventions/discoveries.


Let's see if Grandpa #Bitcoin is still virile enough to go on yet another parabolic run over the next 18 months or so, post-halving.

I'm guessing he can still get it done... surprising even many bulls to the upside in 2024-25.

Slowly at first, then face-melting.


Happy Halving Day!

#Bitcoin


Prior to #Bitcoin, the mythical golden goose existed only in fairy tales.

On the eve of the 4th Halving, probably less than 1% of the world’s population understands this.


Quick back of the envelope math for US Net Liquidity over the past week (April 10-17):

Fed Balance Sheet: -$33B
TGA: -$92B
ORR: +$5B

Net: ~$120B liquidity contraction.

All else equal, this is net negative for US based risk assets.


Them: “So you really like #Bitcoin, eh?”

Me: “You could say that.”

Them (with a snarky grin): “How much of your savings do you use to buy bitcoin, on average?”

Me: “Bitcoin is my savings.”

Them: “lol… wut?”

Me: “lol”


Speculation and prediction can be fun, but is generally an unproductive waste of time.

Here’s my best #Bitcoin-related life advice:
- Head down
- Work hard
- Stack sats
- Treat your bitcoin as the world’s greatest savings technology… not as a trade or even as an investment.


GM.

#Bitcoin is energy money.

And this, of course, changes everything.


GM.

(Purchasing) Power to the People.

#Bitcoin


The US Treasury continues trying to auction fresh bills, notes, and bonds at lower yields "because inflation is trending lower."

The stealth (never publicly discussed) hope is to let inflation run a little hot while issuing lower yielding Treasurys... which will help inflate away burgeoning US debt.

Buyers of US Treasurys continue not believing the narrative. Auctions are increasingly ugly (see nostr:npub1cj94enk44kn5mvrcma4sp7jnlsgnn4em7rk3dh3jt4fzyqs3m02s560efa and others' recent posts).

Federal Reserve intervention coming shortly, I think.

#QE next may be closer than some think.


The more you value your time, the more you should appreciate (and accumulate) #Bitcoin.


I haven't spoken or written much lately about liquidity, since we're still in wait-and-see mode.

But I remain of the opinion that the late Spring/early summer liquidity "doldrums" will resolve with a fresh liquidity package from global central banks.... Being led, of course, by the Federal Reserve.

This change of trajectory will provide fuel for the upcoming true bull market in risk assets and--especially—#bitcoin.

At that point, I plan on officially converting from Dr. Bullcrab to Dr. Bull.

Just a guess, of course. Carry on. 🍻


Why does the government have ongoing inflation targets?

"By a continuing process of inflation, the government can confiscate, secretly and unobserved, an important part of the wealth of their citizens."

- John Maynard Keynes


Let's clear up some monetary concepts, since many popular economists and commentators continue to mix them up.

Store of value (SoV):
The ability of an asset to maintain the owner's purchasing power over time. The greater the ability to do so over a longer period of time, the better SoV the asset has.

Medium of Exchange (MoE):
The ease of which an asset can be exchanged for goods and services, anywhere, and at any time.

Unit of Account (UoA):
Pertains to the short-term volatility of a monetary good. The higher the short-term volatility, the more difficult it is to use the monetary asset to price goods and services. (For instance, think of a small grocery store owner needing to put price tags on all of its food items. The more volatile the UoA, the more frequently he/she must adjust the prices, which is quite burdensome.)

With these definitions in mind:

- The US dollar is a poor SoV (but better than most/all other fiat currencies); an excellent MoE (the best in the world, in fact); and a very good UoA.

- In 2024, #Bitcoin is an excellent SoV (the best in the world, in fact); a poor (but slowly improving) MoE, and a poor UoA (given its extreme volatility).

FWIW, I expect Bitcoin to maintain its #1 SoV ranking indefinitely, while seeing slow improvements over the coming decade regarding its MoE and UoA capabilities.

Hope this helps. 🍻


Less than 1,000 blocks until the next #Bitcoin epoch. 🔥


"Plots set in the future are about what people fear in the present. They're not about the future at all. The future is just the ultimate monster in the closet, the great unknown."

- Lionel Shriver, The Mandibles, Ch. 5

(An interesting quote from a dystopian book set in the future.)


Started The Mandibles today.

I’ll keep you posted.


The next time a normie or degen crypto trader asks you when you will take profits on your #bitcoin holdings, ask them when they will take profits on their bank savings account trade.

It's an illogical question once you understand money.


Pro tip: Ignore the irrelevant. Rarely, if ever, engage with it.


my opinions don’t change if i learn what happened in some random convo. Bitcoin doesn’t care.

we need a healthy open source Bitcoin community. period. no matter what. Bitcoin won’t succeed without one. even if we want to ossify, Bitcoin Core 26.0 won’t last us centuries to come. open source projects need open source devs and an open source community.

we should focus on no strings attached funding for devs. the community has worked tirelessly to set this up with things like OpenSats, Brink, HRF, Chaincode, etc. to enable that effortlessly for us and the devs.

we as Bitcoiners should want devs to build whatever they think is best. engineers are the artists of the digital world. the smartest most forward thinkers in the room. we want to enable them. they aren’t ever a threat, don’t mistaken them for one. why? because the only way Bitcoin can change is if we, the network, run their code. let them create. we the network, the people, decide what gets adopted.

if someone builds something terrible, we won’t run it. that’s happened many times before. see Segwit2x, BitcoinCash, etc.

often times engineers strike moments of brilliance in Bitcoin. a very famous example is Segwit and how we got Lightning. nobody thought Segwit was possible technically. was never clear if or when we’d ever get Lightning. a few open source engineers  named Luke and Eric found a brilliant solution. we adopted it. we now have Lightning being enabled by Coinbase. let engineers create art. fund and support them.

wanna ossify Bitcoin? run Core 26 forever and never update. no problem. don’t wanna fund devs? no problem. we don’t need to agree on these things. however, if you want the entire network to agree with you, you need to go out and advocate for consensus around your vision. that’s just how bitcoin works. the network moves as one, not from a meeting or self elected group.

bitcoin is a distributed network. it progresses through distributed consensus. the network will act in its own best interest, not based on anything else. fund the best engineers to protect and advance the one chance we have at reinventing money for humanity. adopt what we want, reject what we don’t. if there’s anything we need to work on every cycle with new entrants is public discourse and how to arrive at consensus as a distributed network.

also, everyone should breathe. it’s all love and gonna be ok. Bitcoin was designed to not care and last through anything 🙂

nostr:note129fcpjqxnrvrm9rzv6cmj2fu0qfatmwzh5a0nrq54alej8t9ht8qgd47wp


Solid take nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle nostr:note1ne5m2l5vdmuv0gmj9w9xwz0hvvxfae9m8ehhadvx60v9hce9s5jsuq8jsp


Government: We will take your purchasing power.

Bitcoiners: No.


I don’t. Why?


Indeed.


Too much drama.

Next block.


The #BitcoinHalving = Creative destruction of #Bitcoin miners.

It is ruthless, but is very healthy for the network.

The halving helps ensure long-term viability and increased network strength.

This is great example of free market economics in action.

Unlike centrally-controlled markets, like we see today in China, the EU, Japan, the US, and most/all other nations.


Everybody's talking about everybody else today.

Here's what I'm thinking about: 838,493


"Not bitcoin mining wastes energy."
- nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu


Practice abundance: Stack sats.

#Bitcoin


Through scarcity; abundance.

#Bitcoin


Prices go Down. Forever.

Save in #Bitcoin.

#PgD


The killer app of #Bitcoin is that it offers humanity a decentralized, secure, appreciating store of value in an inflationary world.

If you don't, can't, or won't understand this, then I probably cannot help you.


A gentle reminder that #Bitcoin is primarily Prices go Down (PgD) technology.

This is because fiat currencies won’t always exist to give the impression of Number go Up (NgU) technology.

The sooner you make this mental transition, the sooner you make peace with reality, both today and well into the future.


Agreed.


I’m growing shockingly disinterested in fiat problems, which are myriad, increasing, and inescapable.

Build a better world with me… with #Bitcoin.

🧡


When governments control the production and distribution of money, governments thrive.

When people control the production and distribution of money, people thrive.

#Bitcoin is better money for a better world.

(Purchasing) Power to the People.


I’ll probably stop saying it once everyone finally understands. 🤝


As for me, I like the corn.


Stonks dumping. Current vibe…
#Bitcoin https://image.nostr.build/896a46dafce7db5a58db6e11018b9651ab86d69cc078fb10ddc1ffe70b1825bb.jpg


GM.

(Purchasing) Power to the People.

#Bitcoin


Which politician from the corrupt political system will you vote for to save you from the corrupt political system?


The positive thing about the US and other western governments making it "difficult" to use #bitcoin as a medium of exchange is that it incentivizes users to hold it for the long-term--and not spend it... thus coercing Bitcoiners to benefit from its superior store of value properties over time.


Good news!

#Bitcoin (in cold storage) is:
- Decentralized
- Secure
- Permissionless
- Scarce
- Neutral
- Energy
- Money


No offense, but the #Bitcoin monetary network is almost certainly working harder and more efficiently than you or your business ever will.

You can fight the inevitable and lose.

Or you can add #bitcoin to your personal and/or professional balance sheet and win.


Not giving up is a massively underrated secret to success.


Same.
Jeff Booth is the GOAT regarding this line of thinking.


A healthy man has many wishes, a sick man has one.

nostr:nevent1qqsyzgvl38mxzecny7v4lw9pfyugk95kq4sl38w3mrndtctavf5l3jqppamhxue69uhkummnw3ezumt0d5pzqmjxss3dld622uu8q25gywum9qtg4w4cv4064jmg20xsac2aam5nqvzqqqqqqy2dnh2l


Thanks to human progress, life is meant to get cheaper and of higher quality over time.

As neutral money, #Bitcoin reflects this truth.

As inflationary currency, the US dollar hides (and steals) this from you.

Choose wisely.


He is risen.


Net Liquidity and Global M2 Update:

US Net Liquidity (upper chart) tried and failed to break out of its two-year range and has recently turned lower.

OPINION #1: Ongoing bullcrabby implications (sideways chop around local highs) in the near-term for US small and mid-cap equities.

Global M2 (approximate; lower chart) continues to trend sideways near the upper end of resistance within its three-year channel.

OPINION #2: Until this trend changes, I expect continued choppy sideways ("crabby") price action of worldwide assets near local highs. 🦀These may include: #bitcoin, #gold, FAANG+ stocks, and $QQQ, among others.

OPINION #3: Continue to respect the bullcrab environment. In other words, lean bullish... but not overly bullish... and definitely not bearish.

(Not individual investment advice! For infotainment purposes only!) https://image.nostr.build/c3c1de0fbb0f5d9bd22405234fe4924aad9bd18aa6a7a8f7bab1d3110de11caf.jpg


My updated guesses (which are worth very little and should not be construed as investment advice):

1. $125k by Christmas Day 2024, which will likely prove to be conservative. (More likely, $125k by Halloween 2024.)

2. $475k by 4Q 2025 (unchanged guess, but also possibly too conservative).

#bitcoin

(Past performance may not be indicative of future returns.)


Welcome to all those who have realized that there is no fixing a centralized system from within the centralized system.

Giving your energy to either side of issues within that framework only robs you of your time and energy.

It’s early here but it is the future!

#Bitcoin
#Nostr


Head down.
Work hard.
Stack sats.

“Flip your balance sheet to become an asset.”
- nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m


Decentralized.
Secure.
Permissionless.
Neutral.
Energy.
Money.

#Bitcoin


Have you ever heard anyone complain about lower prices?

Me neither.

This, simply put, is why #Bitcoin will succeed.

Lower prices. Higher quality. Forever.

#Bitcoin is better money for a better world.


GM.

(Purchasing) Power to the People.

This is the world-changing peaceful revolution.

#Bitcoin


1. Death
2. Taxes
3. Monetary debasement
4. #Bitcoin scarcity


GM.

(Purchasing) Power to the People.

#Bitcoin


Everyone fails.

Including those who never try. Because not trying and giving up is a form of failure.

Failure isn’t actually a big deal.

The bigger deal is how people respond to failure.

One type of person has a list of ready excuses for why they failed and cope by believing that “life is unfair” and “people are mean”… both of which are true.

The huge problem is that they never progress and/or learn from their mistakes to become better versions of themselves.

Rather than using cope and excuses, the successful human humbly admits his or her shortcomings and takes the time to learn from them.

They own their mistakes and weaknesses and take responsibility for them.

And, in the end, they are better for it.

Also, they keep trying (and failing).

And that’s okay.


Thanks to human ingenuity and progress, life was meant to become increasingly affordable over time.

Government fiat currency is literally designed to obscure this phenomenon and consistently leech productivity and purchasing power gains from its citizens via inflation (monetary debasement).

As it turns out, #Bitcoin fixes this.

And #Bitcoin will help usher in the next age of human flourishing.


The growing #Bitcoin network is working harder and harder to convert limitless energy into human prosperity.


You don’t actually own your house or your land, you are renting them from the government.

If you don’t believe me, try not paying your property taxes.

Unlike a house or land, #bitcoin in cold storage is a true bearer asset.

It is decentralized and cryptographically-secure property rights for all of humanity.


Universal Property Rights.

#Bitcoin


GM.

(Purchasing) Power to the People.

The separation of government and money production and control is a paradigm shift worth fighting for.

#Bitcoin


Good morning!


I gotcha. Yes, that’s not cool.


Weird?

That’s life.


It’s crazy that you can get an entire bitcoin for only 68,000 dirty, debasing cuck bucks.


Save and invest like a billionaire…

Buy well. Rarely sell.


Thanks for listening!


“A slower pace of runoff will happen fairly soon.”
- Jerome Powell

Less QT is bullish for risk assets.


Doom and gloomers thwarted by Powell and the FOMC.

No recession in sight.

Inflation *control* less relevant.

Definitely a dovish press conference.

Risk on, imho.


Catch this chat wherever you like to stream!

Substack for transcription: https://brandongentile.substack.com/p/dr-jeff-ross-4-phases-explain-why
Episode on Twitter: https://x.com/brandon_gentile/status/1770490421493342550?s=20
Episode on Spotify: https://spotifyanchor-web.app.link/e/hHa2o4yM7Hb
Episode on Rumble: https://rumble.com/v4kevst-dr.-jeff-ross-4-phases-explain-why-bitcoin-will-go-up-forever-in-value.html


Most humans innately respect proof of work.


What’s up with Purple?


Definitely.
nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z and nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a for starters.


Dr. Jeff Ross: 4 phases explain why bitcoin will go up forever in value ⚡

Honored to have the Doc on the show and have him breakdown where bitcoin value is ultimately headed no matter what talking heads say plus how he sees the fiat markets playing out globally.
How Bitcoin is exposing the biggest problem humanity faces.
Finally what Bitcoin must do before it becomes global money…
We even have some fun at the end of the pod with a new little game we started…enjoy!

Presented by @btc_cards

Timestamps
00:00 Bitcoin as a Paradigm Shift
10:00 Bitcoin as a Store of Value
11:44 Four Phases of Bitcoin Becoming Global Money
15:15 Deflation and Free Banking
30:13 MicroStrategy as a Bitcoin Holding Company
32:17 Bitcoin's Counterintuitive Nature
34:12 Warren Buffett's Cash Strategy
37:35 The Importance of Capital Allocation
38:04 Shareholder Proposals for Bitcoin Allocation
40:17 Dr. Jeff’s Macro Indicators
44:07 Bitcoin Price Predictions and Bull Market Timing
49:45 The Impact of Nutrition on Human Health
53:33 The EndGAME

#BitcoinETF #BitcoinHalving #bitcoin #btc #crypto #cryptocurrency #money #dollar #USDT

Follow Doc:
 nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l

https://youtu.be/cWj4OIH2NYQ


Probably.


Thanks. 🤝


Low signal. High cringe.


My guess is that the yen will strengthen against the dollar going forward, given Japan’s recent policy changes.


People seeking “influencer” status with very strong and uninformed opinions.


As more based OG Bitcoiners have migrated to #nostr, the X app has become increasingly insufferable as new personalities have emerged.

Just an observation.


Pro tip:

The Federal Reserve does not control inflation or long-term interest rates, as many people believe.

Rather, they manage the expectations of those who believe that the Fed controls inflation and/or long-term interest rates.


GM.

(Purchasing) Power to the People.

#Bitcoin


If you like watching life get more expensive year after year, then you’ll hate #Bitcoin.


Governments slowly and persistently steal from their citizens via inflationary fiat currency.

#Bitcoin reallocates purchasing power back to the people.


Wealthy and powerful governments.
Poor citizens.
Scarce resources.
- Life on a fiat currency standard.

Small and helpful governments.
Prosperous citizens.
Abundant resources.
- Life on a #Bitcoin standard.


Your life instantly improves the moment you take responsibility for it.


Simply buying and holding #bitcoin accumulates purchasing power for your future self.

Conversely, buying and holding US dollars (or any government fiat currency) steals purchasing power from your future self.


Agreed


Only the finest Foley catheter for you. 😂


Hear me out regarding #Bitcoin’s ascendancy to becoming the world's reserve currency by 2050.

2010s: Collectible (~200% CAGR)
2020s: Store of Value (~50%)
2030s: Medium of Exchange (~25%)
2040s: Unit of Account (~10-15%)


Choose Purchasing Power Appreciation.

#ChoosePPA

#Bitcoin


#Bitcoin fuels relentless optimism.


Inter-governmental competition for #Bitcoin Benefactors has only just begun.


But where do you put the butter?


“Buy low. Buy high. #Bitcoin”
- nostr:npub1593cfkv5cyx8srdp8exuz524uvkdk0p4y2tek6mwa22j6v4plv0smyn7nm


I firmly believe that #Bitcoin will help usher in a new Age of Legends, unlike anything the world has ever seen.


Over easy, obviously.


Head down. Work hard. Stack sats.

Your purchasing power will take care of itself.


There is no better meal than steak and eggs.

I will not concede this.


The judge just ruled from the bench.

CRAIG WRIGHT IS NOT SATOSHI NAKAMOTO

Further findings of fraud etc will come in the written judgment.

Welcome to law.


It is just as smart to fight the expansion and adoption of #Bitcoin as it was to fight the expansion and adoption of the Internet.


The next time a normie or degen crypto trader asks you when you will take profits on your #bitcoin holdings, ask them when they will take profits on their bank savings account trade.

It's an illogical question once you understand money.


(Purchasing) Power to the People.

This is the revolution.

#Bitcoin


GM.

Don't lose sight of the bigger picture. This is a marathon, not a sprint.

#Bitcoin has fully arrived to step #2, which is being embraced wholeheartedly by former skeptics and enemies. Let's focus on that.

Step #3 is the logical next step, though we are many years away from it.

1. Collectible.
2. Store of Value.
3. Medium of Exchange.
4. Unit of Account.


Speculate if you must, but save in #Bitcoin.


"It's not digital currency. It's digital property.... The compelling use case is capital preservation for everyone in the world.... Medium of exchange is only worth a trillion dollars. Store of value is worth a hundred trillion dollars. #Bitcoin is going to embraced as property. It doesn't have to be a currency. Nobody's trying to buy a cup of coffee with a fraction of their building on 5th Avenue.... But every rich person I know owns property in London or New York City or somewhere, and none of them complain about not being able to spend their building as a medium of exchange. The killer application is capital preservation for everybody. The store of value is the killer use case. Medium of exchange is a distraction."
- nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m


As decentralized, secure, neutral, energy money, #Bitcoin is repricing the world.

(h/t @JeffBooth)


GM.

(Purchasing) Power to the People.

#Bitcoin


The internet reorganized the world and started the transition from the Analog Age to the Digital Age.

#Bitcoin is the logical next step and has already begun repricing the world.

This potent combination will have (is already having) significant implications for individuals, families, businesses, and even nation states.

Long-standing power structures are shifting before our very eyes... And this is just the beginning.

The seeds for the coming Age of Legends have already sprouted.

Cling to the old ways and methods and social hierarchies and currencies if you want to, but it's much more interesting to help build a better tomorrow for humanity.

#Bitcoin is Better Money for a Better World.


"ETFs are just another application of #Bitcoin."
- nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m


“There is no They, only We.”
- Jeff Booth


Love it. 😂


Agreed.

But I don’t like to cuss so I call them “Schmidtcoins.” 😂


(Purchasing) Power to the People.

#Bitcoin


The Great Sats Rush is on.

#Bitcoin


Yes.


Too crabby.

https://x.com/vailshirecap/status/1765088050949108097?s=46&t=NCyR3qw1z7F5G9_K91ti_w


Thinking it’s “too late” for you to get into bitcoin is an illusion of the ego.

Sure you didn’t get in at $6 or even $6,000 and others who did are higher status than you. Put that aside. That’s your ego fucking with you.

This isn’t about pride, it’s just about money.

We are still early in bitcoins story.

$66,000 is still cheap believe it or not.

We have 100x left to go at a minimum.

Your ego is not your amigo, it’s trying to keep you from riches.

Do not listen to it.


Still Dr. Bullcrab.


In honor of the poor #Bitcoin bears, degen traders, and other haters, I will do 12 push ups a day until bitcoin falls to 12k.


Hear me out:

Shareholder proposals. Requiring that a minimum of 10% of cash reserves be placed into #bitcoin, rather than just depreciating fiat currencies and bonds.

Any Bitcoiner who is a shareholder of a public company has the right to create such a proposal, requiring a vote by all shareholders.

Few will succeed initially. But it will get the ball rolling and discussions occurring in the C-suites of America.


As a bearer asset, #Bitcoin is creating a whole new "Owner Class" throughout the world.

Expect fiat overlords to be increasingly displeased by this unstoppable network whose time has come.


Unpopular opinion: The models aren't (yet) broken.

2021 was simply an anomaly... which throws off opinions of what should happen in the current #bitcoin price cycle.


(Purchasing) Power to the People.

#Bitcoin

This is worth building and fighting for.


You don’t sell the golden goose without regret.

Likewise, you don’t “take profits” on the superior savings asset.

#Bitcoin

🪿


I was going to respond with this but didn’t want to you take it as insult, Gigi. 😂👊


The order of understanding #Bitcoin:
1. Skepticism
2. Speculation/Gambling
3. Investment/Portfolio hedge
4. Savings/Superior money


“Timechain,” not “blockchain.”

#Bitcoin

Improve your lexicon.

H/t Satoshi Nakamoto and nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle


Increasing questions from clients and business interviews about spot #BitcoinETFs are forcing tradfi money managers and analysts to come out of the woodwork from whence they were previously hidden.

It’s amazing to watch and read the horribly uneducated and genuinely arrogant takes about #Bitcoin from those who were hoping to avoid the topic indefinitely.

Popular talking points:
“Tulips!”
“Rat poison!”
“Used by criminals!”
“Boils the ocean!”
“Wastes energy!”
“Tax evasion!”
“Not real money!”
“Anarchy!”
“Blockchain, not Bitcoin!”
“Sooo volatile!”


Thanks bro. 🧡


Good stuff. Well-written. 👏


GM.

#Bitcoin is the stateless energy money that was first imagined by Nikola Tesla and Henry Ford 100+ years ago.

Spend a few minutes researching this to understand why stateless energy money is an idea whose time has come... and the effects it might have upon the entire world.


GM

(Purchasing) Power to the People.

#Bitcoin


What. A. Month. 🔥

Shout out to #Bitcoin.


Whether through taxation, inflation, regulation, or confiscation, the government will stop at nothing to seize the purchasing power of its citizens.

For the first time in history, regular people have a way to fight back... and, possibly, thrive.

#Bitcoin is better money for a better world.

(Purchasing) Power to the People.


If you ever want me to leave a room, just play “Pump it Up” or anything by Creed.


End of the month portfolio rebalancing happening today.

Lots of people *prudently* swapping the king of assets for one or more lesser assets.

Increasingly, they will learn that this is a mistake.

#Bitcoin


(Purchasing) Power to the People.

#Bitcoin


Lots of fiat brains confusing the concepts of “store of value” (long term) and “unit of account” (short term) once again.

We are very early in the adoption cycle. Stay patient.

#Bitcoin


Yes. nostr:note1hcag665ar56l3d4gmt5666wlpupjjg0hz7493s3sgfmtllyhpp5qygesmt


Life is getting cheaper in a hurry these days.

#Bitcoin


#Bitcoin is decentralized, secure, unstoppable energy money that is of the people, by the people, for the people.

It's no wonder why most governments, central bankers, and statists hate it with such passion.


If you are a publicly traded company and don’t yet have plans for a pro-#Bitcoin balance sheet manager, you’re not going to make it.

I don’t make the rules… just observations.

Bitcoin gains >> operating earnings


Former Interventional Radiologist turned Diagnostic Radiologist.


#Bitcoin is:
Decentralized.
Secure.
Permissionless.
Scarce.
Energy.
Money.

It is better money for a better world.


Life gets less expensive.
Quality improves.
Things are built to last.
Contentment rises.
People get off of the fiat hamster wheel.

Life on a #Bitcoin standard.


Cryptic. “opportunaty” 🧡


What they say: “Blockchain, not Bitcoin.”

What I hear: “Intranet, not internet.”


Most of the miscommunication (and hard feelings) between fiat brains and Bitcoiners involve an unclear understanding of the three use cases of money/currency:

1.  Store of value
2. Unit of account
3. Medium of exchange

Bitcoiners love to focus on the obvious superiority of Bitcoin as a store of value.

Fiat brains often deride Bitcoin as a reliable unit of account, given its legendary volatility over the past 15 years. The dollar is far less volatile, but is actually a terrible unit of account over time, given its unknown current and future supply. The lower short term relative volatility makes the dollar a better short term unit of account. This advantage will diminish over time.

Fiat brains often ignore the critical importance of store of value in favor of the dollar’s current superiority as a medium of exchange. The world clearly does not have a medium of exchange problem, as there are hundreds or thousands of ways to perform this monetary function (think ACH transfers, checks, credit cards, crypto, etc.). That said, L2 solutions are being rapidly developed on the #Bitcoin base layer (L1), which will soon make it a comparable medium of exchange to the massive amount of our current options.


This is perfect. 😂


Because of my line of work, I can’t give individual investment advice.


They will absolutely decrease in bitcoin terms.


Unpopular opinion:

The glory days of real estate investing in the United States are already behind us.

It might be wise to consider an alternative, safer store of value going forward.


The creators and distributors of fiat currency disrespect your work efforts and your hard-earned purchasing power.

Come to where it is respected and protected.

#Bitcoin


Laser eyes and thunder thighs.

Don’t leave squats out of your workout routine.

#Bitcoin


I have no idea how to do a nest.
Turns out, I’m still incredibly nostr-stupid.


(Purchasing) Power to the People.

#Bitcoin


Do you feel it?

That deep feeling of satisfaction because life is getting cheaper over the years.

Your hard-earned purchasing power is being preserved, protected, and powered higher... by design.

This is life on a #Bitcoin standard.

🧡🧡


Seriously? That’s hilarious.

As usual, I have no idea what’s happening on here. 😂


That’s encouraging.
Maybe there was just a long delay?


I don’t see it


My 12500+ invoice was paid. Not sure what happened.
nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424 any ideas?
The help page apparently doesn’t exist.


Still don’t see my newly paid for profile. When I click on the help
page it says it doesn’t exist.

Feels like I got scammed. 😂


I appreciate your help.
I just did what you recommended, but didn’t receive any confirmation.
Did it work?


Thanks for your helpful input, but this is way beyond my limited abilities.


I just added my X profile page instead. Did it work?


Can confirm.


I don’t know what to do with this information. 😂


GM

Never forget that the United States government is meant to serve the people, not rule the people.

Individuals, remain sovereign.

🇺🇸


ETFs still only encompass a small portion of the liquid bitcoin market.

Worldwide, there are currently the same approximate amount of buyers and sellers, so the price trends/chops sideways.


Ah, got it. 😂🤝


Never is it financial advice. 🍻


Pro tip:

The world is not ending and the markets are not crashing.

Likewise, we are not heading to the moon.

As previously stated (ad nauseum), we remain fully in a crab (choppy sideways) market. For the optimists (like me), it is a bullcrab market.

Relax.

If you are wildly optimistic about market prospects… rein it in a bit.

If you are deeply bearish… lighten up.

Overbought trades will likely soon turn lower.

Oversold trades will likely soon turn higher.

It’s a crab market after all.

Stay calm. Stay crabby.

🔥🦀🔥


Beautiful.


Aka, financial independence.


I’m not sure who needs to hear this today, but the #bitcoin bull market hasn’t even started yet.

Instead of fixating on price, I suggest the following:
- Head down
- Work hard
- Stack sats (while they’re still super cheap)


Dr. Bullcrab, actually.

GM.


GM #nostr


I don’t disagree with you and almost added that to the post as well. But I still favor the China ban (and resultant 50% drop in hash rate) as the primary driver.

Of course, we’ll never know the answer. But it’s fun to speculate.

The upside is that I think—contrary to the 2020-21 bull market—most price predictions will actually be too low. People may not be bullish enough for what’s coming…


I remain of the opinion that the last cycle's ATH was cut short, primarily because of China's ban of #Bitcoin mining... right in the middle of the 2021 parabolic run higher.

Had this not occurred, in my opinion, bitcoin price would have likely reached approximately $125k in November 2021.

In light of this--and compared with past cycles of reaching 50-60% of the prior ATHs at the time of the latest #halving, then it is wouldn't be unreasonable for bitcoin's price to reach 50%-60% of $125k by halving day, or $62,500 to $75,000.

This would crush my current target of $45k, but would make sense, in light of the *abnormal* 2021 bull market.

(Not individual investment advice. Just my opinion. I am almost certainly wrong.)


It’s me.


On it.


A friend asked me today why I’ve never tried to monetize.

The reason I’ve never taken any money for being a thinkboi/shitposter/professional clown whatever… is because it would undercut the message.

Bitcoin is going up forever, but I need you the average pleb to buy some bullshit off me? Nah.

I do well when Bitcoin goes up. End of story.

With a few notable exceptions, I always question the conviction/motive of those who need to monetize their followers.

Sats > clout


If it is debt-fueled economic growth, then is it really economic growth?

Is the compounding debt used in the growth calculation?

Should it be?

Discuss.


Few people understand that it's not about investment returns, earnings, or even cash flows.

It's all about purchasing power.

Always has been.

This is part of what makes #Bitcoin so revolutionary.


Sorry guys, but I have to be careful not to give individual investment advice.


Bull markets attract degenerate speculators.

Bear and crab markets attract builders and long-term hodlers.

This is why I say that "bull markets are a distraction."

- Head down
- Work hard
- Stack stats

#Bitcoin


SUPERBITCOINIZATION IS ALREADY HERE

“Normal” inflation is 2% per year.
Or roughly 0.2% per month.
And hyperinflation is 50% per month.
So, we aren’t there yet.
It’s all fine!
But is it?

What if we define something in between?
Call it superinflation.
Say superinflation is 5% per month.
In that case…
BTC has appreciated >20000% vs USD.
Over a ten year period.
That’s a monthly rate of >8.6%.

That means the dollar has devalued against Bitcoin by more than 5% per month on average for ten years.

So: yes, hyperbitcoinization hasn’t hit yet.
But superbitcoinization is already here.
We’ve been living through it. https://image.nostr.build/716a38d1ffbfbc352c669e6cbf9e61ac3a539730c4549c6b7671e1828690c19c.jpg


The #Bitcoin monetary network is essentially the inverse of the US dollar monetary network.

While Bitcoin's immutable scarcity means that individual satoshis are "programmed" to increase in value over time, individual US dollars are similarly (but inversely) "programmed" to decrease in purchasing power over time.

Accrual of purchasing power vs monetary debasement.

Programmed. Over time.

One benefits the users. The other benefits the managers.

The choice is yours.


Yes.


Poor folks talk frequently about taking profits.

Wealthy individuals buy well and rarely sell.


FWIW,

You do you, but I don’t anticipate #bitcoin price action getting exciting again until 3Q 2024.

In the meantime:
- Head down
- Work hard
- Stack sats


Love this. 🧡