#Bitcoin price action, why TradFi says Get Off Zero, 2023 grocery costs vs 1990 in Home Alone, $84 trillion wealth transfer to boost Bitcoin, and some advice on Jamie Dimon & Elizabeth Warren’s fight against Bitcoin.
All in this week’s 🔥 episode of the News Block. The stories you need in 10 min or less:
https://podcasts.apple.com/us/podcast/coin-stories-with-natalie-brunell/id1569130932
We just watched home alone as well. Classic! Both 1 and 2. They should have stopped with those.
What are the top companies for buying bitcoin with your IRA? I know of Unchained, but I’m not a fan of their fee structure - it seems rather high for just buying and holding.
Want to know something else ridiculous? The burgers are patented. Patent attorneys are expensive, so they gotta pay for them somehow! Ha.
Lovely! Let me know when you host visitors. :)
How long are you here for??
Christmas is coming early. 😱 nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a 
This goldbug clearly didn’t even read the book, but that doesn’t stop him from crying the loudest and continuing to propogate “the solution” that leads to the perpetual break-down in society since time immemorial.
BTW, nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a’s book is my favorite read of the year if you haven’t noticed by now. If you’ve read it, or once you’re done, help her out, but more importantly help spread the Bitcoin message by countering idiots like this guy (review below). I think her book has the potential to reach a very broad audience and in a way that destroys many financial mantras since Bretton Woods.
I’m excited to read it. It’s on the way!
Any chance you’ll do a signed copy? ☺️
Listening to nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z and Stig on the latest TIP podcast (which was great by the way) as I took this exit. It’s not Preston’s way or the highway; Preston’s way is the highway. 😂 
Let’s see that before and after flex 💪🏼
You and me both. Where did you get your thermometer from? I’ve found them to be so unreliable. I’ve brought a digital food thermometer in to validate the temp in mine lol.
That is quite significant! I wonder if it could be applied to power lines eventually. The amount of loss on those is quite substantial.
There's a lot of conversation taking place around this LK99 room-temperature ambient-pressure superconductor. This would have MASSIVE engineering implication if true. I have no clue what's real at this point. Thanks to nostr:npub1zh36wt34eav4tugmd3r7f4tr99suj6p9ps2ezneugdvyfvrw3rpqtx4qq9 (My most trusted and astute technology advisor) for sharing this post from Andrew Cote on Twitter. Here's what he said about it:
"Simulations published 1 hour ago on arxiv support LK-99 as the holy grail of modern material science and applied physics.
(https://arxiv.org/abs/2307.16892)
Here's the plain-english explanation:
- The simulations modeled what the original Korean authors proposed was happening to their material - where copper atoms were percolating into a crystal structure and replacing lead atoms, causing the crystal to strain slightly and contract by 0.5%. This unique structure was proposed to allow this amazing property.
-
@sineatrix
from Lawrence Berkeley National Lab simulated this using heavy-duty compute power from the Department of Energy, and looked to see what would happen to the 'electronic structure' of this material, meaning, what are the available conduction pathways in the material.
- It turns out that there are conduction pathways for electrons that are in just the right conditions and places that would enable them to 'superconduct'. More specifically, they were close to the 'Fermi Surface' which is like the sea-level of electrical energy, as in '0 ft above sea-level.' It's believed currently that the more conduction pathways close to the Fermi surface, the higher the temperature you can superconduct at (An analogy might be how its easier for planes to fly close to the surface of the ocean due to the 'ground effect' that gives them more lift.)
This plot in particular shows the 'bands', or electron pathways, crossing above and below the Fermi surface.
- Lastly, these interesting conduction pathways only form when the copper atom percolates into the less likely location in the crystal lattice, or the 'higher energy' binding site. This means the material would be difficult to synthesize since only a small fraction of crystal gets its copper in just the right location.
If it wasn't clear why this is a big deal, if successful LK-99 would be a watershed moment for humanity easily on-par with invention of the transistor, here's why: https://twitter.com/Andercot/status/1685088625187495936?s=20
For a catch-up on the original Korean paper:https://twitter.com/Andercot/status/1684339092635496449?s=20
"
As an additional note (This is Preston again), I got a really interesting message from fellow Bitcoiner, Phil Champagne, about something seemingly unrelated to this LK99 stuff, but oddly relevant. It's a white paper that suggests gravity is actually formed from a dipole by the elliptic form atoms take. This could potentially explain why gravity is a fraction of the electric force since it would be derived from it. Here's a link to the paper: https://vixra.org/pdf/1608.0426v6.pdf and here's a link to a youtube video talking about the paper: https://www.youtube.com/watch?v=mCxw3PEes4M
If you have questions about this paper, you could ask Phil (https://twitter.com/egg_descrambler) about it, here seems really well versed on the subject. BUT, if you want a REALLY "interesting" response definitely go to my trusted technical advisor, Greg Zaj.
I read this twice and don’t fully get the implications, but will live vicariously through you and your excitement! Probably would help if I actually knew details on how semiconductors functioned to begin with. Lol
Looking for some understanding here.
I’ve seen the post circulating today where Microstrategy is aiming at selling up to $750M of Class A stock. New share issuance dilutes existing shareholders. However, I understand the bitcoin community seems to view this dilution as acceptable if all of the funds from the issuance go to purchasing more bitcoin (since they are counting on the long term asset appreciation to more than compensate for the dilution). Additionally, the hope is also that the stock price follows the asset appreciation of bitcoin, too.
I have a few questions though.
- What happens to the BTC if $MSTR goes bankrupt?
- How is this much different from an individual creating an altcoin, taking in fiat from the issuance of the coin, and turning around and using that fiat to buy BTC for themselves?
nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z any thoughts?
I don’t have an answer for #1, but for #2, my only thought is that it’s different in that MSTR stock can be viewed as “shares pegged to bitcoin” where “pegged” is used loosely whereas an altcoin created how I mentioned doesn’t have a formal backing, thus the holders are really out of luck.
Looking for some understanding here.
I’ve seen the post circulating today where Microstrategy is aiming at selling up to $750M of Class A stock. New share issuance dilutes existing shareholders. However, I understand the bitcoin community seems to view this dilution as acceptable if all of the funds from the issuance go to purchasing more bitcoin (since they are counting on the long term asset appreciation to more than compensate for the dilution). Additionally, the hope is also that the stock price follows the asset appreciation of bitcoin, too.
I have a few questions though.
- What happens to the BTC if $MSTR goes bankrupt?
- How is this much different from an individual creating an altcoin, taking in fiat from the issuance of the coin, and turning around and using that fiat to buy BTC for themselves?
nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z any thoughts?
nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l I sent you a DM - would love to hear back from you.
21 minutes with #[0]
We discuss #Bitcoin and macro, can Bitcoin fix academia, business incentives, family values? And how we create our own realities.
https://podcasts.apple.com/us/podcast/coin-stories/id1569130932?i=1000603591750
Probably felt like 5 minutes!
Watching the Silicon Valley Bank story unfold. Wowzers.
