was about to go to bed, then we hit 79k...


pumpvember


satsconf?


very cool


same, just dca every day


bidet fixes this


it's uptober for mstr


uptober


very annoying spam reply bots, if you use Amethyst you can add ReplyGuy to Security Filters > Hidden Words to auto block all accounts with this name


Simple, sharable steps to adopt a Proper Human Diet

1. Eliminate anything containing added sugar from your diet.
This sugar provides no benefit to your body and leads to high blood sugar, high insulin levels & chronic inflammation. This includes fruit juices which in many cases contain more sugar than a Coke.

2. Eliminate all grains & legumes from your diet. Wheat, rice, oats, corn, soybeans, etc. These have very little in the way of meaningful nutrition and contain 2 things to avoid; i. starch-long chains of sugar that break down into sugar in your body & ii. gluten-like inflammatory proteins that lead to chronic inflammation.

3. Eliminate seed oils from your diet. Canola, soybean, corn, peanut, sunflower, safflower, etc. These oils are new to the human diet and contain too much Omega-6 fatty acids that research has shown to lead to chronic inflammation in some people.

*** These 1st 3 steps will remove 100% of ultra-processed food from your diet and will give immediate results (in weeks) for 80% of people.

4. Make sure each meal contains meat, seafood or eggs. These foods were eaten by your ancestors for millions of years and are very nutrient-dense. Although many main-stream sources claim that these foods are inflammatory, we've seen bloodwork from 10,000's of people whose inflammatory markers go down on meat.

Carbohydrate Knob theory: Some people can tolerated more carbs than others. People who fatten easily or develop diabetes easily need to turn down their carb intake knob closer to zero. Young, active people can tolerate more natural carbs in their diet. Remember, there is no Need for carbs in the diet. As you turn down the Carb Intake Knob more & more you will be eating more meat, eggs & seafood...

Snacking: Snacking is never healthy, regardless of the snack. Eat discrete meals during the day separated by periods of not eating. Eating due to boredom or stress is never a healthy choice.

Plant Toxins: All plants use chemical defense chemicals to protect their parts, this is inarguable. Some plants are more toxic than others. Some people can tolerate these toxins more than others. Anyone suffering from inflammatory or auto-immune disease should try 90 days of Carnivore to see if they are reacting to the plant chemicals.

DAIRY: All mammals (you) can tolerate dairy as an infant. At about age 4-8 years most people (70% +/-) become lactose intolerant. That is not the only problem with dairy. Many people also become sensitive to the Caseins & Wheys in milk. This manifests in inflammatory conditions of the skin, joints, gut, mental... Dairy also contains caso-morphins that mimic morphine in the brain and can make dairy addictive to some people. This is good for keeping babies interested in mother's milk, but can cause adults to over eat/drink dairy for the good feeling. Some cheeses actually concentrate the caso-morphin content...

OK, that a good beginner course, I will answer every good question you ask here...


new ath before markets open tomorrow?


lol


Fidelity educating their customers & flexing at the same time. With just facts.

ETH is bad for your health. https://image.nostr.build/cd741fa98f9204e506091ea4fa9f5bc04d6b7f1fc5c1c12221dbac6a7fb60379.jpg


Excited to be kicking this off.

ego death capital raising $100 million Fund II

In 2021, ego death capital was officially launched as a venture capital firm. Andi Pitt, Nico Lechuga, and I, along with Preston Pysh, Lyn Alden and Pablo Fernandez as advisors, saw an emerging opportunity to invest, through ego death capital Fund I, in companies that would both accelerate the Bitcoin ecosystem and allow us to work alongside some of the most amazing entrepreneurs of our time. Most of the “smart” money at the time still hadn’t realized that #Bitcoin was emerging not only as the preeminent store of value, but equally important, the first layer (tied to energy) of a new peer-to-peer decentralized internet of money. Because of this, many venture funds didn’t understand the difference between Bitcoin and everything else, which is probably still true today. Bitcoin was scaling in layers and there was now an opportunity to build enduring businesses on a stable and secure foundation. The thesis of Fund I was to take advantage of that asymmetry in knowledge and help the best entrepreneurs build value for users. The #Bitcoin ecosystem at that time was still quite small. We raised $25.2 million in Fund I + a $7.5 million SPV to ensure a disciplined focus on companies that could be enablers of the transition underway.

We’re extremely proud of the entrepreneurs in our Fund I portfolio companies, their teams, and their success to date. So far in Fund I, we have led funding in Fedi, Breez, Synota, Relai, and Wolf, along with two companies in stealth. Our thesis proved correct, and many of our portfolio companies (as well as others in the broader Bitcoin ecosystem) are now experiencing incredible growth, with much more expected on the horizon. Real companies, bringing real value to users – and growing as a result.

In 2024, the funding market still hasn’t caught up to the opportunity, and a significant gap exists in Series A funding for Bitcoin only companies. This makes sense because a majority of venture capital still doesn’t understand the transformative nature of the Bitcoin protocol nor how it is emerging in layers. Without this key knowledge, it would be hard to understand the profound shift this entails to businesses in the future. This leaves Bitcoin only entrepreneurs not only pitching on the value and metrics of their business, but in parallel trying to “teach” capital that has been burned with their crypto investments about a new protocol. To add insult to injury, it is many of these same Bitcoin only entrepreneurs who warned of the various scams in the crypto/web3 market in the first place. It’s not a stretch to say that those building on Bitcoin prefer a partner who understands and is focused on it. For any entrepreneur, it is hard to imagine building enduring trust with a financial partner who doesn’t share your world view.

One of the most exciting things about the Bitcoin space is the extraordinary talent it attracts from all over the world. Having a front row seat at the profound shift that the internet demonstrated and how it attracted the best and brightest, I honestly didn’t think I would have another chance to experience it. Instead, we’re experiencing something even more powerful than the rise of the internet. An exponentially growing talent pool of entrepreneurs, users, and capital who fully understand that the most profound challenges of our time are unable to be solved from the very system creating them. Who instead of trying to optimize from within that broken system, have decided to focus their time, talent and capital on a parallel system built on Bitcoin that changes the world.

That dedication applies to our team too, we are very excited to announce that Lyn Alden and Preston Pysh are joining Fund II as partners. Through their work as advisors to Fund I, we already know the incredible value to the fund and companies in it they provide. In addition to our new partners for Fund II, we are adding renown Bitcoin and Lightning Network expert, Lisa Neigut alongside Pablo Fernandez as an additional technical advisor. We are also fortunate to add Pete Briger (Chairman of Fortress Investment Group) as an advisor to Fund II. Besides being a long time Bitcoin advocate, Pete helped to build Fortress into one of the preeminent financial firms of our time. These moves deepen our own bench with incredible people so that we in turn can continue to deliver value to the entrepreneurs and investors we serve.

While it is still early and there will be many ups and downs along the way, a transition from the world operating on top of a dishonest ledger, to the world working on top of an honest ledger is firmly underway. That transition will create incredible business opportunities, while bringing hope and abundance to billions of people around the world.

We feel super fortunate to be a part of it.

Read the full release here:

https://egodeath.capital/blog/gjqg3b90h389ufb4y0wnzflv0wfcho


Here's why there are deep incentives for a Bitcoin fork with the Ordinals people.

Ordinals/BRC-20/Inscriptions are now VC funded. And they're going to be pressured to keep growing, no matter what. Yet the hype around their stuff will inevitably fade. And whatever profits they had will dry up. So what will they do?

There are two paths. One is to increase revenue, the other is to reduce costs. The first will be very difficult to do without some new narrative. And they might try that, but it's going to be very difficult on Bitcoin... At least as it currently stands. They could move to another chain, but then, their whole reason for existence, being built on Bitcoin will be no more. Hence the incentive to create new narratives around their stuff and to add "features" to generate interest means some sort of fork.

The other path is to reduce costs. The most obvious cost is the fees being sent to miners. And to reduce that, you need to increase block size or make the blocks more frequent. Either way, this is incentivizing a fork.

The point is that once VC funding entered the picture, the path was set. There will be a conflict of visions and a "peaceful coexistence" was never going to be the outcome.


The run up this time is different from last time.

Last time there was a ton of easy QE money sloshing around.

This time, money is still tight and interest rates high, but everyone is allocating to #Bitcoin.

Pay attention.


3 mile wifi antenna built with plywood and chicken wire.

https://youtu.be/4axIPJHuDrQ?si=EbdN2-f3KgvasGPu


No surprise, $MSTR issued more stock to do it. (See below.)

This was the right move as the stock has been trading at a high premium above its #bitcoin holdings, higher than the operating company is worth. ($MSTR should trade at a premium above its bitcoin holdings as hr operating company also has value, the question is how much.)

I believe nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m is laser eye focused on one metric: *sats per share.* He’ll do anything that doesn’t threaten the stack to increase it.

IMO, he’s a brilliant capital allocator.

This is why I had my mom buy some MSTR shares back when the stock was trading at the price of the bitcoin plus $8 for the operating company. It’s was a steal. Since then both Bitcoin and the MSTR premium have soared.

Now, if only Saylor can enter into a tiny loan he uses to buy bitcoin. Then when Bitcoin goes down & every lazy person who can’t be bothered to understand the loan agreement thinks MSTR is going to default pushes the stock to a large discount, he *buys back* shares and demonstrate to Wall Street what real capital allocation looks like.

When Bitcoin tanked, and as a result MSTR tanked because lazy people thought MSTR was at risk of defaulting on the Silvergate Loan, I moved my GBTC into MSTR & netted a bunch of sats. I’ve since moved back into GBTC, then OBTC, and then back into GBTC again netting me a bunch more sats.

I’m waiting for the MSTR premium to come back down to move out of GBTC into MSTR which is, all things being equal, the better play. (No fee, an operating company that will keep generating free cash flow to stack more sats, and one of the best capital allocators in the business.)

My guess is the divergence between the GBTC discount and the MSTR premium closes when a Bitcoin spot etf gets approved/launched. So that’s what I’m keeping my laser eyed focus on. https://image.nostr.build/19d3c77c770ff2175fbd96b45b20b70abec57174bce6489db1ac572668986f1e.jpg  nostr:note1pk7c7gqws528u8kgrnfefx0yljnhh7m49v3nnu6xca8l5f03wevslfrpd5


MicroStrategy's bitcoin acquisition strategy has been really on-point.

I analyze a lot of stocks and see how they manage their shares. Most companies are rather pro-cyclical in this aspect. They buy back a lot of shares when times are good and shares are expensive, and then when there's a recession they reduce or eliminate their share repurchases, ironically when shares are cheap and it would be better to buy them.

A small percentage of companies have more forward-thinking executives that manage to do this more counter-cyclically. They buy back more shares then they are cheap, and they retain more cash or do other things with their cash when their shares are more expensive.

MicroStrategy has been doing this quite well, except it's about the strategy of issuing shares for bitcoin, which if bitcoin continues to be successful will have more impact overall.

When MicroStrategy wants to buy more bitcoin (which is always), what they seem to be optimizing for is how many bitcoin can they get per share. That's what builds shareholder value in this context. So when MicroStrategy stock is trading at a valuation premium relative to its underlying bitcoin, they can take that opportunity to issue more of these expensive shares, and buy bitcoin with those proceeds. When there is not a valuation premium, they can focus more on just buying bitcoin with incoming cash flow, or exploring other low-cost financing.

So far, they have been really on-point about managing this.

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


Microstrategy will blow up this cycle. And well deserved, too.

What'll be really fun is when other companies copy their strategy to get the same returns.

We don't need an ETF, the entire stock market will soon be a Bitcoin ETF.


The reason both mercury and aluminum were added into vaccines was specifically because they didn’t work without them.

When these were added (which was originally a mistake because it was a cleaning agent that they failed to remove from a horse antibody vaccine), it would create a HUGE immune response. Something like 100x or more immune reaction in the body. And it would treat everything with it as an intruder, and learned to fight it all off. This is why such a small, weakened amount of some virus can be added, but your body will build antibodies for it.

The crazy thing is, they were so happy with the success, that they just ignored any possible damage that these additions would cause. They excused it away, defended it with bad science, used studies of *ingested* aluminum to defend it being directly injected to the bloodstream (hilariously not the same thing), and have done everything they can to cover it up, while also ensuring that they aren’t liable for **any** of the horrible consequences of aggressive over vaccination.

The simple, and common sense question should be, WHY does the body have such a vicious immune reaction to these metals? The simple answer: they are horrible for the human body. They cause neurological damage and are carried through the lymph nodes all over the body. And the immune response is so aggressive that it causes the body to overreact to other, innocuous things. It’s not a coincidence that the very concept of food allergies were literally nonexistent, until mess vaccination became a thing. Vaccines work against their claimed disease, but they have a long, horrible list of chronic, neurological, and immune diseases that should be obvious if we weren’t so blind with “normality.”

Normal and accepted means neither safe, nor truthful. The very creation of vaccines and what made them work suggest the very side effects that are now rather thoroughly proven. I mean shit mother’s with autistic children have literally been paid damages in court in multiple cases. It’s only that people are too afraid of looking like a fool (understandably), because they know others will react poorly, or they are too afraid to let themselves believe something so widespread could be so wrong.

Time will reveal the truth, it’s just sad how many, and specifically how many children, will pay and have already paid for such a horrible lie to be uncovered.


I’ve spent a lot of hours analyzing “crypto” and keeping up with the fads, and to this day I still cannot find a problem that I have, and that it can solve.

Bitcoin solves my hard globally-portable savings problem. I don’t see better money than this. And that’s a big problem to solve.

Stablecoins solve some developing market intermediate-term money problems in very inflationary environments as a bridging tool while Bitcoin is still volatile. Okay. That’s big for now.

Digital collectibles are fine. I mean, I have cardboard Magic the Gathering cards worth thousands of dollars. So you buy an ape NFT and get membership to an exclusive ape club (which is like all dudes, nearly entirely devoid of women) and can show your status by displaying your supposedly elite avatar. I do see how there is a nonzero recurring interest in this sort of digital elitist collectible thing. But it doesn’t solve any of my problems or seem to be relevant on the macro scale. A niche thing that doesn’t appeal to me. Like, Pokémon might make a billion dollars but it won’t make a macro-scale trillion dollars.

DeFi is mainly about trading and leveraging worthless tokens. In a world where there are much more real-world tokens involved (eg tokenized Apple stock or whatever), then maybe there is more of a use for that. But until then it’s mainly a circular Ponzi. And even then, that industry is limited.

So almost 15 years into this industry, there have been a handful of interesting experiments, but barely anything other than bitcoin and stablecoins interests me at scale.

Beyond that, it is just things that they can empower.

Nostr, for example, doesn’t need a blockchain. There is no reason to go to the expense to maintain a global state. It certainly is empowered from the fact that Bitcoin and Lightning exist (new good money allows for new good technologies), so it’s a tangential technology.

The vast majority of “crypto” projects either don’t solve a problem, or just solve a smaller niche interest.


To celebrate our node's 100th channel, we are giving anyone who boosts this note ⚡500 sats⚡

Our budget for this celebration is 100,000 #sats but that could be increased.

So get your thumbs (and wallets) ready to boost!
------------------------
And now a little about our #node nostr:npub1l0ans4w4psmcv6hsqjz2v3mxszhputlsfn4emkynv3jlwrfez59s35q0ug

Number of channels: 100
Current capacity: 7.54 #BTC
Terminal Web score: #623

We offer a 1 million sat capacity channel for free for 90 days.

We can also provide you with virtually any capacity for a whole year (for a fee). Get enough routing traffic on this channel and we'll renew it for one more year absolutely FREE!

We offer the lowest prices anywhere, check for yourself:

1m channel: FREE for 90 days
2m channel: 8k sats/year
3m channel: 9k sats/year
4m channel: 10k sats/year
5m channel: 15k sats/year
6m channel: 20k sats/year
7m channel: 25k sats/year
8m channel: 30k sats/year
9m channel: 35k sats/year
10m channel: 50k sats/year
Larger than 10m channel? Please DM us.

Compare our prices to places like LNBig and Coinconcept, among others, who only provide channels for 30 days.

We're here for you so DM us at anytime. Or if you prefer, you can find us on the Telegram app (user: @LNServer)

https://image.nostr.build/6c71946d72d1e32ba87869a5c403656479652481cfbf1fe7fb882ea766afb38a.jpg


He’s so cool https://image.nostr.build/2fc4cdd0f488ad306b62bb8f5dac24089d4521a8f8744e17f62e91ba1351c901.jpg


Few understand this.

nostr:nevent1qqs2p8927x80u8qu0ytktv5knheh0qaqrzdwfjeykd5v6sm3wylyhkgpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtczyzr4wpj8egah2j0xdjmvfwudr9l4hjgauua436c6meuv3hw4lmr7kqcyqqqqqqgcqe8r8


“Responsibly all-in.”

“I like the orange coin. A lot.”

My research and audience straddles the macro finance world and the bitcoin world. And so humorously, I get heat from both sides.

“Lyn, I love your macro work but you’re too obsessed with bitcoin; I wish you would focus less on that stuff.” -hedge fund reader.

Vs

“Lyn, since you’re a fellow bitcoiner, why do you only have a 5-10% allocation to bitcoin in your public model portfolios!? Shouldn’t you sell all your stocks and buy more?” -fellow pleb.

I talk to many institutions, as well as high net worth individuals, and medium net worth individuals like engineers and doctors. This is where individual situations come into play. I had been watching bitcoin for a while, publicly wrote about it near the top of the cycle in 2017 and (correctly) passed on it from that point, but then kept watching it during the bear market and then hardcore jumped into it during the March/April 2020 crash starting at $6,900/coin as a long-term bull, and haven’t wavered since.

For example, 2.5 years later as Bitcoin crashed amid the FTX fallout in November 2022 from 69k to sub-16k, I was at Pacific Bitcoin laughing about it. I was not uncertain.

In those initial months of 2020, I put every dollar of my liquid capital into bitcoin. I didn’t sell my existing stocks and trigger capital gains tax, didn’t withdraw from my IRA or 401(k), but otherwise most of my existing liquid cash and all of my incoming earned cash went into bitcoin. I threw like a quarter of my net worth into it. And it paid off. For me as a conservative investor, that was my version of “all-in”. I wasn’t fucking around. I never go all-in like that, but I did it for bitcoin.

I grew up poor, and then worked for 12 years in engineering and engineering management. There is no world where I would invest in such a way that there was even a 1% chance that I could be wrong and lose my entire net worth and the past 12 years of my work at that point. I would never be 100% invested unless I consider it to be risk-free, and I consider nothing to be risk-free, and so I diversify by default. I am conservative as a baseline, but opportunistic when appropriate. I put at most 5% into any one stock, but I threw 25% into bitcoin as an anomaly due to how bullish I was. My husband was like, “what are we doing?” and I was like, “trust me, here’s why”.

And then, there are eight family members and associates who, if I were to go broke, would have to radically diminish and change their lifestyles. Their housing support and their everyday income comes significantly from my earnings. It’s like running a small business. So, when I see people on social media be like, “wHy DoN’t YoU gO aLl iN?” I’m thinking like, “Bitch, I’ve gone about as all-in on this new distributed ledger as I can while still sustaining a reasonable level of lower volatility equity and other assets for tangible income and fallback support for eight people”. And then I realize the anon who wrote that is probably a single dude in his parents’ basement, and my response is unwarranted. Don’t let anons on social media affect you.

For example, our extended family ran into a liquidity issue and had to change households this year, and we got a good real estate deal but it was based on me having six figures in liquidity to just throw around at short notice, which meant having maintained adequate diversification for that possibility, which I was anticipating.

In my model portfolios, I began to recommend a 5% bitcoin allocation in early 2020, and then I took some chips off the table in 2021 near the highs after a 3x and 5x gain as Musk was pumping Dogecoin, to rebalance back down to that 5% target. Why? Because not everybody has put a thousand hours of research into it and can realistically put a quarter of their liquid net worth into it. My point was, “your portfolio has zero bitcoin, you should probably have at least 5% bitcoin, and better yet, you should buy bitcoin non-custodially at whatever size is appropriate for you. As it soars, rebalance. As it falls, buy back in.” That rebalancing worked well for my public portfolio. I warned of exuberance, leaned into fear, despite not trying to predict any short-term price action.

And during 2022, amid the bear market, I joined the formation of Ego Death Capital, a bitcoin-only VC firm, as a founding advisor. And more recently, I’m leaning more into that role, and some announcements regarding that are incoming in terms of my deeper involvement. In other words, while bitcoin price action was in a period of weakness, I was happily ready to lean in to it with my capital, my time, and my reputation, to fund bitcoin companies that were developing cool stuff. https://egodeath.capital/portfolio

And then there was my husband’s wisdom. He edits all of my research reports, among other work that he does. And he has better wisdom than me overall. One day in early 2023 amid the bear market out of the blue after hardly ever talking about bitcoin he was like, “How many bitcoins do we have?” I said the number X but also explained that I am buying more lately. He said, “Alright, good, let’s get to Y soon. I know you are super cautious, and I love that, but don’t mess around on this. Buy more. Push harder. I know you have extra pockets of liquidity above the baseline. Use them.” By Y, I mean he gave me an aggressive number that was a bit above what I would have otherwise done in that timeframe.

I was like, “Okay I’ll try. But I mean, we need certain liquidity.” And he said, “I’ve edited your research reports for years. I’ve never seen you more convicted on something. Don’t fuck around on this. Lean into it. We will figure out liquidity if need be. You said to trust you in early 2020 when you initially bought it. Trust me here in 2023 when I say to buy extra vs whatever you’re buying. I can read you better than you can read yourself, and the answer is to buy. You’re being too conservative.” I followed his advice, at like sub-$20k and sub-$25k.

And then later this year, within the past few months, we indeed balanced it very tightly; I had bought as many bitcoin for us as we could early in the year and I barely hit the target he set since I was being cautious, and then we ran into a surprise liquidity requirement (changing households in Egypt) and needed to throw capital at a new place as a down payment for our family for seven people, and I was like, “This is why I maintained so much liquidity, btw. We have it because I saw this type of thing coming!” And he was like, “But we have it, right?” I and I was like, “Yes, barely at such short notice!” And he was like, “So we have the exact amount then, fucking nailed it!” The yin-and-yang worked well.

The point is, I’m as all-in on bitcoin as I get with any asset. Which means to say, I am ready to survive its failure or repression in long bear markets without selling any, but I am also highly engaged and invested in its success.  I never go all-in on anything, but I’ve never leaned into any asset as thoroughly as I have done on bitcoin since April 2020. It’s the maximum I lean into any asset while still maintaining financial prudence. When it falls 80%, it doesn’t affect my lifestyle or force me to sell. When it soars, I am cautious, and focus on how to best improve the success of the network.

Good evening. Let's accelerate.


I'm not buying the fact that there was a random ransomware attack on a Chinese bank that disrupted this week’s treasury auction.

I smell the beginning of the Cyber Pandemic, which has been choreographed for years. Stay vigilant out there.

https://tftc.io/beginning-of-cyber-pandemic/


Banks “approve” your transactions.
#Bitcoin “confirms” your transactions.
The difference is a matter of your freedom.


Reminder: you have until January 22, 2024 to submit a comment and you can do it anonymously if you choose.

I already did. It takes 2 minutes.

Do it.

https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions#open-comment nostr:note1lr8pqf4yyw4elusjxk2p0puf6kfd724yq4xgs4s4zyypdempaz6q9lujjp


Thoroughly enjoyed joining nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z on his podcast once again.

We talked about AI, bleeding fixed income, the $BTC market, paper gold vs BTC derivatives, implications of a potential ETF, BitVM, and other exciting developments in the #bitcoin space.

Link: https://www.theinvestorspodcast.com/bitcoin-fundamentals/dylan-leclair-bitcoin-market-overview/


nostr:npub1nstrcu63lzpjkz94djajuz2evrgu2psd66cwgc0gz0c0qazezx0q9urg5l conference in Tōkyō was magic 🇯🇵⚡

This is what happens when people from all around the world meet to make social media a better place:

https://v.nostr.build/X65L.mp4


4 days ago I finally got one of my #Bitcoin  miners hooked into my home ducting system.

I’ve been heating my house & earning some delicious sats at the same time. Haven’t needed the space heaters or the fireplace. All night with just the miner. https://v.nostr.build/VWP7.mp4


Elon Musk started PayPal and as a result of that and his first principles thinking, it is highly likely that he perfectly understands money.

Similar to how it is highly likely Elizabeth Warren perfectly understands money.

He also must understand that the natural state of the free market IS deflationary.

If both of these are true - then he also must know (as one of the top AI + robotics companies) that he is stealing the productivity gains that should flow to society in the form of lower prices by pretending he is solving planetary issues through a broken system that makes them worse.

In other words, Elon not advocating for #Bitcoin is not because he is stupid. It’s because he believes you are.


#[0]’s desire for more micro apps on nostr is critical.

We’re having fun with all the social clients being built right now, but the true power of this protocol comes with thousands of smaller ultilities coming together to build an ecosystem of valuable services. The seamlessness of switching between them will be the magic.

I think that’s where this becomes truly unique. Can’t wait to see more.


New ATH in a lot of inflating currencies (Naira, Turkish Lira, Argentinian Peso) already. USD ATH will be last.


Maybe marketers aren't the best adversarial thinkers.

https://image.nostr.build/bf339d6700f9ad47604f3e26d2b6b9fcda5cc45003eb4a81760b256e8653bc5f.jpg


I had a presentation today with a medium-sized bank board of directors.

They wanted some macro context for this unusual time, analogues to 1940s and fiscal dominance, etc.

And a number of them like the orange coin.


#Bitcoin just has to double plus a bit and then we have a new ATH. If you think that’s not possible, then you’re new here.


“The institutions are coming” was a meme in the last cycle.

And it was partially true. Small businesses came. High net worth people came. Forward thinking public companies with bitcoiner leaders like MicroStrategy and Square/Block came. Even a few big insurance companies and asset managers dabbled.

But that was premature. The institutions just tasted. Their leaders bought with their personal accounts or otherwise understood, but couldn’t put big regulated money in. And it was a crazy time- with fiscal stimulus many things were a bubble.

I talk to some institutions, and like, they get it now. That’s not exactly news when Larry Fink is on tv calling it a flight to quality. But I will reinforce it anecdotally- institutions increasingly get it, or at least some of it.

Most people only see the prior cycle or two. They don’t see all prior cycles since inception because that requires looking at a log chart and putting in a few hundred hours of research.

Bitcoin has to get big enough to hit your radar, lead you to form an opinion on it, collapse, and then hit your radar even bigger again, for most people to get it. It’s not about “all cycles”; it’s about their *specific* cycle of understanding it, forming an opinion, and then seeing another cycle that either validates or challenges their opinion.

Also, many people will get emotional this cycle. Fade emotions and focus on fundamentals.

Anyway, enjoy your evening.


The AI-enabled scammers are coming for your bitcoin. Here's how you can protect yourselves and your loved ones from this particular attack.

https://tftc.io/ai-bitcoin-scams-are-on-the-rise/


nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv is back on the show to discuss the history of Christian Zionism, how the financial crisis is setting the stage for CBDCs, and how the fascists relationship between big tech and the US government is leading us toward AI driven tyranny.

https://tftc.io/ai-powered-tyranny-whitney-webb/


There are many reasons not to sell your #bitcoin. These are some: https://x.com/stackhodler/status/1715281704686850420?s=46&t=x8X6_5dNUPYXhDKCust-bw


Break free from the shackles with this one weird trick. Elon Musk HATES it.

nostr:nevent1qqstwna9kwvz9pl3qmevgj2k92upmnthq0uet4thp0hg60p7eq66kcspp4mhxue69uhkummn9ekx7mqzyq7c968ke3kqje2yhue7fp66q06kqzk07lkyvls4pgwvwufdy9xujqcyqqqqqqgsjfp0t


Everyone has their Bitcoin regret stories.

I could have bought at $x, think about how rich I would be now!
Sad fact is, if you bought at $x, you would have sold at $2x or $5x dollars and you'd have an even worse regret story.

Be grateful that you got in when you did and held what you held.


When you go to cbase in Berlin and people are paying for drinks with their bitcoin nfc rings on an LNbits android PoS 🍻
This has made my month 🤯

https://video.nostr.build/6746b5d689a9e5e9138076ab9f45d8545432c1bed95ad34fe6e25f73edbcb48c.mp4


Folks, there are way too many Android phones out there. If you see things that are not aligned in your UI, or that are cropping off, send me a print screen. Most UI issues happen simply because I never see them on my test phones. :(


nostr:npub1dd9znw7585wsam4d8p84ztdmtywwjsrayld6fzk4fvqdn5hpju4st5xe7p, a VPN with an additional blinded hop, meaning the VPN provider cannot spy on your traffic location.


Everyone has a story.
A few weeks ago I put out a call for people around the world willing to share their #Bitcoin stories. I was surprised by the amount of responses! Starting today I will be sharing at least one of them each month on my show.

In this month's Bitcoin story, meet Marc Mantini (@ScartownSparks on X) who recently moved with his wife to #Bitcoin Island in the #Philippines to live on the Bitcoin Standard. He first learned about BTC in 2016 and is passionate about the mission to protect personal and economic freedom. Marc is a former government worker from Toronto, Canada who was terminated over mandates -- but he successfully fought back against the system. He is a freedom fighter who is now working on a grassroots level to help the people on Boracay Island adopt Bitcoin. Say hello to him if you can!
youtu.be/Ht_LIDjzWzM


FYI for any Rumble users: you can watch THE #Bitcoin Podcast on Rumble

Check out the latest #BitcoinTalk episode with nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z

#AnotherFuckingBitcoinPodcast

https://rumble.com/v3gxhq0-parasites-vs-producers-preston-pysh-on-the-bitcoin-podcast.html


Just wanted to share: I'm switching my main video platform to Rumble from here forward.

Until #nostr provides a viable alternative and also becomes a comparable network, this is where you'll have the highest likelihood of finding my work. I'll still be on Youtube, but I don't think of them as a reliable platform, especially considering the discussions I enjoy.  The thought police will not have trouble finding "wrongthink" in my conversations.

Migration has only just started, so any help in sharing, following, etc you can give is a huge help. Bootstrapping new networks is a pain in the ass 😂🙏🏻💜

https://rumble.com/user/TheGuySwann


So nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx gave an absolute masterclass on the problems with Musk's current Twitter approach on WBD, starting at the 17m mark. It's a great advertisement for Nostr and I recommend everyone watch it.

https://www.youtube.com/watch?v=-Ms-dE6aasA

I've been retweeting or reposting Odell's various observations on this topic for a while and so I'm happy to share this too, including on Twitter today, even as a filthy blue-check myself.

Where I disagree with Odell (slightly) is on tactics. He thinks people should give up blue checks in protest. And that's a very fair position. I don't disagree, especially for someone like Odell with a purist position and a generally cypherpunk audience.

But I think there are multiple successful paths on this. I have always been a Twitter fan, and my normie audience is there. I wanted to be able to pay for better UX and anti-impersonation defenses for years before they became available. Just because Musk is running it doesn't mean I won't pay for helpful services, especially if they protect my audience. Real people lose money to Lyn Alden impersonation scams if they can't tell my account from others, and I directly hear from them when it happens. It's always heartbreaking.

So, I'm on the offensive, not the defensive. The way I view it, unless or until someone censors me on Twitter, they're locked in there with me, rather than me being locked in there with them. If having a blue check reduces the success rate of impersonation scams and amplifies my reach at calling out Twitter's problems, I'll have the blue check. What I absolutely *won't* do is change what I say based on a blue check. If anything, I purposely overdo it to the opposite and exaggerate my criticisms on purpose to push back against platform incentives.

Two simultaneous approaches:

1) Call out the problem on Twitter. Don't give Musk a pass. Point out that a pro-freedom, pro-anonymity view doesn't match with what is going on there. Don't let his rhetoric disguise his inaction. If Twitter cares about freedom and anonymity then they will offer a paid option that doesn't require identity (e.g. the "orange check" bitcoin payment.) Until something like that, they are LARPing and are fair to criticize as such.

2) Have your foot here on Nostr and on decentralization technologies generally. In the long run, I think this is the future. And more importantly, I hope it is.


Mullvad Partnered with Tailscale, Completed Migration to RAM-only VPN Infrastructure

Mullvad completed migration to RAM-only VPN infrastructure, and also announced a new partnership with Tailscale.

https://www.nobsbitcoin.com/mullvad-vpn-completed-migrated-to-ram-only-vpn-infrastructure/


River Is Working on Non-Custodial No KYC Lightning Payments Solution for Developers

"We're working on an upgrade to River Lightning that will allow any developer globally (non-custodial/no-KYC) to signup and start programmatically sending and receiving Lightning payments within minutes, drastically reducing the friction required to build on LN."

https://www.nobsbitcoin.com/river-is-working-on-a-ln-solution-for-devs/


“Remember also that the smallest minority on earth is the individual. Those who deny individual rights, cannot claim to be defenders of minorities.” - Ayn Rand


"When I was a young man, I wanted to change the world

I found it was difficult to change the world, so I tried to change my nation.

When I found I couldn’t change the nation, I began to focus on my town. I couldn’t change the town and as an older man, I tried to change my family.

Now, as an old man, I realize the only thing I can change is myself, and suddenly I realize that if long ago I had changed myself, I could have made an impact on my family.

My family and I could have made an impact on our town.

Their impact could have changed the nation and I could indeed have changed the world."
-An anonymous poster on the internet in the early 2000s


i really shouldnt shit on Swan because they’re so hapless rn but I’m laughing so hard about them moving custody to the same firm that’s been holding the WBTC stash for half a decade and calling it innovative


episode 4 with Dr. Paul Saladino is live

let me know what you think!

https://youtu.be/urKG9oi0krc?si=lwy-3BdQSTD-4036


PSA: If you permanently remove ALL carbon from the air you'd end up killing all trees on earth, and consequently most life on earth—including us.

https://video.nostr.build/1d4cd9d86f22fa22d15cd104446cdd2be26d981c377d9c3502656927a8879e02.mp4


A couple weeks ago the Relay for Reddit app I've used for many years stopped working because the developer added a dependency on Google Play services to force paid subscriptions. GrapheneOS doesn't play well with that.

So I begrudgingly switched to the Infinity app. Well, this week it appears they started blocking all known VPN and data center IP addresses.

I hate this recurring feeling as a Cypherpunk that the walls keep closing in.


The fact that Bitcoin isn't yet accepted everywheree and for everything really underlines for me how few people have actually used Lightning. Whenever I show somebody how it works, there's always that "wow" moment. But why was it a surprise?

The problem is that normal people still understand BTC from the one half-remembered opinion piece they read in 2017, and are operating under the belief that transactions still take an hour to settle, rather than being instantaneous and irreversible — money transmission without the Paypal Problem. The public mind needs a cache refresh.


“We should change Bitcoin now in a contentious way to fix the security budget” is basically the same tinkering mentality that central bankers have.

It begins with an overconfident assumption that they know fees won’t be sufficient in the future and that a certain “fix” is going to generate more fees. But some “fixes” could even backfire and create less fees, or introduce bugs, or damage the incentive structure.

The Bitcoin fee market a couple decades out will primarily be a function of adoption or lack thereof. In a world of eight billion people, only a couple hundred million can do an on chain transaction per year, or a bit more with maximal batching. The number of people who could do a monthly transaction is 1/12th of that number. In order to be concerned that bitcoin fees will be too low to prevent censorship in the future, we have to start with the assumption that not many people use bitcoin decades out.

Fedwire has about 100x the gross volume that Bitcoin currently does, with a similar number of transactions. What will Bitcoin’s fee market be if volumes go up 5x or 10x, let alone 50x or 100x? Who wants to raise their hand with a confident model of what bitcoin volumes will be in 2040?

What will someone pay to send a ten million dollar equivalent on chain settlement internationally? $100 in fees per million dollar settlement transaction would be .01%. $300 to get it in a quicker block would be 0.03%. That type of environment can generate tens of billions of dollars of fees annually. The fees that people pay to ship millions of dollars of gold long distances, or to perform a real estate transaction worth millions of dollars, are extremely high. Even if bitcoin is a fraction of that, it would be high by today’s standards. And in a world of billions of people, if nobody wants to pay $100 to send a million dollar settlement bearer asset transaction, then that’s a world where not many people use bitcoin period.

In some months the “security budget” concern trends. In other months, the “fees will be so high that only rich people can transact on chain” concern trends. These are so wildly contradictory and the fact that both are common concerns shows how little we know about the long term future.

I don’t think the fee market can be fixed by gimmicks. Either the network is desirable to use in a couple decades or it’s not. If 3 or 4 decades into bitcoin’s life it can’t generate significant settlement volumes, and gets easily censored due to low fees, then it’s just not a very desirable network at that point for one reason or another.

Some soft forks like covenants can be thoughtfully considered for scaling and fee density, and it’s good for smart developers to always be thinking about low risk improvements to the network that the node network and miners might have a high consensus positive view toward over time. But trying to rush VC-backed softforks, and using security budget FUD to push them, is pretty disingenuous imo.

Anyway, good morning.


https://cdn.nostr.build/i/32d686c16e2c96edc1bf59d0db6d53573825275465276839c13e05598862a750.jpg  nostr:note1kgjq86499cslrys20j222ldu6dcrtvrq53qqx3x9c4h2f9j2feqqqhkpxc