r/bitcoin got weird. It was my go-to back in the 20-teens when there wasn't much bitcoin news around. I don't think I'm banned as in kicked out, but that last handful of things I've tried to post (been years literally) has gotten auto-moderated and never posted. Got to the point where I didn't understand half of the nonsense that rose to the top anyway.
Fair enough. I think most bitcoiners know its all abo
We often hear the #bitcoin "store of value" narrative, but to what degree are BTC and stocks actually correlated? https://newhedge.io/bitcoin/us-equities-correlation charts the Pearson (I assume) correlation.
Pink is S&P 500, "orange" is BTC, but blue is the correlation. I superimposed a yellow line at zero (wish the chart emphasized the blue line rather than the others because that's the point of the correlation graph).
- If positively correlated, blue is above the yellow line...stocks go up, BTC goes up. Stocks go down, BTC goes down.
- If negatively correlated, blue is below the yellow line...stocks go up, BTC goes down. Stocks go down, BTC goes up.
- If truly NOT correlated, the blue should be near the yellow line at zero...stocks go up, BTC does SOMETHING else. Stocks go down, BTC does SOMETHING else.
The negative correlation is the most ideal for the BTC "store of value" narrative that goes like this: "Bitcoin is a safe haven from stock (or fiat) volatility and devaluation. I'll store my value in bitcoin."
Looking at the first chart though, we've clearly been in the positive correlation range more than the negative. And, currently we're at a correlation of 0.7 (strong positive). So, work to be done, keep plugging away doing what we do.
Walk today...
Outside
This makes for a nice make-you-ponder quote, but Christianity provides a clear statement: sin separates man from God, faith in Christ reconciles man back with God.
Every time I check Coracle, those colors make me think it's October or November and I'm ready for Thanksgiving.
I get what that quote is saying (I think), but isn't that statement false as stated? They both die, right then. One does not live longer than the other.
Whenever I'm told about a great upgrade that I didn't ask for, I get the feeling that I'm being screwed over. Microsfoft is retiring Skype (iconic name) and moving to Teams (terrible name). Skype really helped me once when my wife's phone went kaput. We could still "call" over Skype via laptop and get everything worked out that was going on. The last thing I want is yet another Windows bloatware on multiple devices and always trying to sync stuff everywhere when I never asked it to sync. Argh.
>A lot of these exist in various clients like primal
This is good. Progress.
(1) That page hasn't been updated in several months. (2) I don't check Primal too often but will revisit.
Added these to http://nostrwiki.crrdlx.infinityfreeapp.com/doku.php?id=wiki:nostr-wishlist Every time I get a zap I think about your second suggestion.
With all the Nostr vibe coding, time to revisit the Nostr wishlist: http://nostrwiki.crrdlx.infinityfreeapp.com/doku.php?id=wiki:nostr-wishlist
#nostr #grownostr
Checking in.
Silly random chance game with a possible ecash "treasure chest": https://wusang.vercel.app
Mooning now. 
Sneak peak: Pretty happy with how the Satoshi #Bitcoin Converter app (SBC) is turning out in version 8. I'm still tweaking, but the beta is at https://sbc-v8.vercel.app This was my first bitcoin thingee that I made (2013) so it has sentimental value. There are others like this today, there weren't in 2013. That's why I made it. As well as starting something of a hobby for me, I still use the thing.
- Back end - totally re-architectured so that it's much cleaner under the hood
- Front end - stick with BTC or pick your coin or altcoin, pick your fiat; enter a number in any form field...voila!
)
Take a look, would love to hear any thoughts, even constructive criticism: https://sbc-v8.vercel.app
BRICS nations realizing they actually don't need a BRICS token. If this kind of thing grows (and why wouldn't it?), here's much reasoning for the US to get going on that strategic #bitcoin reserve.