Swan is giving customers ~2 weeks to accept their new terms of service or their previous custodian Fortress will liquidate your bitcoin and mail you a check.
What a shitty move.
Another classic post from Vitalik was his April fools blog post attempt. Not only was it directionally right about bitcoin maximalism (while being intended to be a joke), he also took the chance to shit on bitcoiners for disliking seed oils because he's also smarter then you on this topic as well. I mean look at the guy, he's in such great shape! Almost like getting health advice from our current HHS director who doesn't even know what gender he/she/it is.
https://m.primal.net/MXKI.jpghttps://m.primal.net/MXKO.webp
I wonder if Vitalik has solved the synthetic womb problem yet? He's so close to fixing inequality for mothers!
😂 🤣 😂 🤣 😂 🤣 😂 🤣 😂 🤣
https://m.primal.net/MELM.png
This video highlights two very important things:
- We are still very early
- MSM's credibility has never been lower and leads retail to the slaughterhouse with completely braindead analysis
https://m.primal.net/MEAS.mp4
Same way my neighbor used to argue with my all the time about bitcoin. He spent more time trying to argue against bitcoin while knowing literally and i mean literally ZERO about bitcoin. Didn't know there was a supply cap, how it started, censorship resistance, etc.. He knew NOTHING yet he was willing to go way out of his way to shit on it constantly and tell me how dumb it is.
Some people just bask in their own sheer retardedness.
The knock-off block clock is a joke because it's just a shitty copy with effectively no innovation.
... now my PlebClock is technically superior in every way but that's another topic. Also, remember when you said you wouldn't sue me? 😅 thx
lol telling @NVK to fuck off is beta. You can hate on the guy all you want but you have to recognize him for what he is - the de-facto standard for secure hardware design. Also the block clock is dope but idk if you own one otherwise you'd know that.
GOOD MORNING.
THIS IS AN ANNOUNCEMENT TO REMIND YOU OF DENNIS PORTERS PRE-ANNOUNCEMENT WHICH WILL BE ANNOUNCED TODAY. I LOOK FORWARD TO THIS ANNOUNCEMENT AND THE POTENTIAL ANNOUNCEMENT OF FUTURE ANNOUNCEMENTS.
KINDLY SEND ME 3 BITCOIN IF YOU'D LIKE TO RECEIVE ADVANCED NOTICE OF ANNOUNCEMENTS.
KTHX
Anyone have a contact at Etsy capable of unsuspending a store that was cancelled before it even started? Will pay $1,000 in bitcoin for any inside contacts that can help.
I don’t think we’ll get a ton of resistance at 100k because this doesn’t seem like retail fomo. If this is nation state(s) buying they’re in a race now to accumulate and running into psychological barriers won’t be their issue. They’re trying to front run the potential of the United States stacking before them.
Some people who made my experience in bitcoin possible:
All you plebs . Yes, you. - A relentless swarm of toxic psychos unafraid to shake the hornets nest and hurt feelings. Huge amount of anon plebs have helped spread the message and not allowed people to get complacent with the status quo.
@tuur - the first "analyst" i followed closely in 2013.
@ODELL - uncompromising pleb. Matt embodies the fuck you ethos of bitcoin and commitment to building resources for the greater good of bitcoin.
@MartyBent - TFTC was a staple of information and entertainment that helped keep me informed and in-check.
@saylor - Absolute financial psycho and giga-brain. Running intellectual circles around wall street and they're still clueless
@HODL - Providing entertaining relatable insight. Some reason hearing things from hodl just make things click. Unique combo of brains, entertainer and educator. He's made the journey a lot more fun.
@dylan - And giga-brain in development running circles around people 2-3x his age.
- Larry Fink - orange pilled the world. Thanks Papa Fink.
Countless others i can't remember.. it's been an 11 year journey. Thank you to everyone
You don’t have to like Larry Fink to acknowledge he caused a seismic shift for investors worldwide. I know several people who wouldn’t touch bitcoin until they saw papa Fink was in.
You were right.
Let me say it one more time bitcoin fam - because you don't hear it enough.
YOU WERE RIGHT. On top of that you all had balls of steel while everyone was out there panicking you all were buying like absolute psychos.
Enjoy the ride and remember you what you endured to get here.
Not only are you dumb but you are delusional. If i had a sat for every person trying to shill me a shitcoin since 2013 i'd have a full bitcoin by now. HFSP
https://m.primal.net/MAFR.png
New ATH's falling hourly and the mempool is out there just chugging along perfectly.
Not sure what happened to the ordinal fans - either all broke by now or begging their VC daddies for another round of funds.
It's hard to describe how beautiful the engineering of bitcoin is.
https://m.primal.net/Lzmt.png
Yea i don't doubt it - they did manage to jam a fuck load of garbage into the chain. Fortunately for us the incentives to keep doing that have died when the VC money dried up and retail doesn't care anymore.
Price your life in bitcoin.
Have something you don't need or enjoy anymore? Sell it immediately for bitcoin. Turn your unloved junk into sats - it's modern alchemy.
Case in point earlier this year i decided i was ready to move on from a race car project. I lost the desire and time to complete. I knew in order to sell it i'd have to take a big financial bath in USD. However, if i sold the car and converted it to bitcoin it took a stagnant depreciating asset and turned it into a monetary rocketship. Right now the car i sold for a fire-sale price is up 118%. What seemed like taking a big financial bath at the time really was just unlocking the potential of the asset by converting it to bitcoin.
Galaxy Research projected ~14bn of ETF inflows year one. We're sitting at 53 billion total AUM right now in ETF's. Not sure this a completely proper analysis as it already factors in what was under management with GBTC but even so... Blackrock alone has taken in over 17 billion alone.
https://m.primal.net/LwmD.jpghttps://m.primal.net/LwmF.png
The next 4 years are going to be full of so many liberal tears. Trump has the potential to be a wrecking ball to the corrupt agencies who have been plaguing our country. Poising our food, medicine, markets, minds, media, military, borders and policies with incompetent midwits.
Expose the FBI, CDC, FDA, SEC, CIA, etc.. Tear it all down, expose them all and help rebuild and restore the confidence for Americans.
https://m.primal.net/Lvgk.png
Not gonna lie today feels completely surreal. I feel like i'm still dreaming or someone is allowing me to use a cheat code on my simulation.
Is it just me?
What a surreal moment yet again for bitcoin. I cannot believe how far we have come and yet we've barely started.
Congrats to everyone here who had the balls to stick with it. We're entering a new epoch - a tremendous political tailwind is now behind us and the future has never looked brighter.
Quite clear to see the "ultra-sound money" narrative was a delusion only enjoyed by the tech bros who larp'd as caring about ETH's monetary policy. Wall Street called their bluff and many tech bros still in disbelief that nobody wants to buy their trash ran by a bunch of fucking nerd technocrats that make the federal reserve leadership look almost competent.
There is no second best.
https://m.primal.net/LsSK.png
Yea idk Gary's a fucking snake piece of shit. He had no choice with the ETH etf after he was basically forced to approve the bitcoin one. Guy has zero credibility
Celebrating a near ATH with all my friends who listened to my bitcoin advice for the past 11 years.
Just kidding most all of them sold a bottom or took a double-digit gain and never looked back.
Can't wait for the comments about how lucky i got soon.
https://m.primal.net/Llsl.gif
Wall Street execs out there still acting like they ride the short bus to the office when Saylor has given them the literal cheat code. No need to go bonkers like Saylor but when companies are sitting on 75 billion dollars of cash it would probably be prudent to take a single-digit position in bitcoin rather then literally light the money on fire with buybacks. Still early.
https://m.primal.net/LlCp.pnghttps://m.primal.net/LlCq.png
gm - finance friday time.
I need help. I feel like this type of talk goes largely undiscussed due to the taboo of potentially selling bitcoin but maybe this helps someone else out in a similar situation too so why not make it public.
I'm buying some land to develop and now in a 30 day due-dilligence period. I have 30 days to figure out the best way to finance the deal without selling corn and incurring a big cap gains bill at the end of the year.
The down payment needed represents a single digit percentage of corn holdings. My first purchase in 11 years of holding and the property is where my daughter will be going to school for the next 13 years.
I own another home which i am not selling (yet) and i have no mortgage either - this house is worth slightly more then the down payment i need to come up with.
So my problem right now is plenty of assets and a lack of lenders to borrow from. My primary bank won't even do HELOC's (Chase). Lenders like Ledn.io charge about 13.4% to get just a 12 month loan. There are a couple other "crypto" mortgage lenders out there but seem too unproven to trust.
Any other creative ideas i'm missing to use OPM (other peoples money) to finance the deal to avoid the cap gains?
Just to follow up with my own thread. I'll keep who suggested it private but someone gave me a lead on using Discover for a HELOC. Tentatively approved just waiting for underwriting to review my docs - they're reviewing me for $300k (max amt) for 30 years @ 6.650% APR. I'll likely cover whatever isn't provided by this 300k by direct corn sales but it should substantially lower cap gains sales and delay corn sales as much as possible.
Thanks to everyone who chimed in with suggestions.
Tough to swallow ~14% APR AND counterparty risk. Best case scenario bitcoin far outperforms the APR and your lender doesn't go broke. Worst case scenario? Lender blows up and you lose all your collateral.
Why are bitcoin backed loans still so expensive when there is almost no default risk with a proper multi-party, multi-sig setup?
Paying ~13% plus a 2% origination fee is crazy. We need more lenders.
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