🎯. A 2pct wealth tax on top of everything else. Except it’s not really 2pct but significantly higher. On inflation, I like #[2] ‘s vector based thinking.
Amazing that #Bitcoin is still on offer
The US’ number one product is the Armed Forces. Otherwise this chart would not be possible.
So many consequences, including the SVB bailout. Most other countries would not have been able to shift the burden to tax payers who will be on the hook for the required money printing.
Every single person in Washington is just kicking the can down the road, hoping things won’t blow up under their watch. More acronyms is all we get. Where are the Dagne Taggarts? The Howard Roarks?
The lifeboat remains.
#Bitcoin
Feels like billionaires are panicking most about SVB
Meanwhile, Saudi Aramco’s annual profit is the size of SVB’s balance sheet 👀😳
The most amazing lady. Rereading The Fountainhead at the moment and seeing Ellsworth Toohey everywhere.
With SVB on everyone’s radar I think Monday might be ok and the dominos will start falling later and in an unexpected corner. You can just feel that the game of chairs is becoming frantic and that something is deeply wrong.
For the sake of our kids I hope we’ll emerge on the other side rather sooner than later and that we won’t see violence at scale. History suggests otherwise, unfortunately.
#Bitcoin
Complaining about things others have built is so easy.
Getting to the point where others start complaining about what you have built is very hard.
The best thing about Satoshi + Nostr is that it created a magnet for incredible people to find together.
Bitcoiners.
Bummed I cannot make it to Nostrica but hope to meet many of you IRL.
#Bitcoin 💜 ⚡️ 🦡
#[1]
Right…meanwhile:
😬😬😬
2008 vibes. Could be an interesting weekend.
🍿
Buffett said: In the short term, the market is a voting machine. In the long term it’s a weighing machine.
Not having a good morning seeing what’s going on with #SVB. It’s a near monopoly and a service provider we have been using.
But hey, shouldn’t come as a surprise:
#[1]
You can be a Bitcoiner without owning any Bitcoin - you might not be able to afford any.
Being a Bitcoiner is about ethics, believing in setting the right incentives, and acknowledging the fact that we need money nobody can fuck with in order move towards a great human future.
I don’t see the need for the term “Bitcoin Maxi.” It’s an oxymoron. If you’re a Bitcoiner you know that all the other garbage is just reg-arb and taking from others on empty promises.
Oh, and I almost forgot. Just owning some Bitcoin doesn’t make anyone a Bitcoiner.
#Bitcoin
🦡 ⚡️
This was fun to put together. After 120 shows of the #Bitcoin Fundamentals Podcast, I picked 5 moments that were really instrumental for my own learning. These were some of the guests involved: #[1] #[2] #[3] #[4] #[5] #[6] #[7]
Watch: https://m.youtube.com/watch?v=raxpm9Qu7rI&feature=youtu.be
Ok and #[0] ‘s compassionate explanation of why the fiat system is so broken is also amazing. Start at 1:32:50.
#Bitcoin
#[2]
Yes! This was very good
#[9]
Silicon Valley Bank is the stone-agiest online banking experience I’ve had. Signs of a monopoly.
Surreal to navigate that and then come to Nostr and ⚡️
#[0] ‘s rant starting at 42:45 on #[1] ‘s show has got to be the best PoW vs PoS rant ever. True orange 💊 material.
#Bitcoin