The Hash War has begun…. But!!

USA 1st in Bitcoin mining looking to drive it out and selling their Bitcoin holdings in 4 stages

Russia 2nd place Leaping into increasing their capability

Kazakhstan 3rd they not stupid… being in top 5 is admirable

USA 1st in a game they don’t want to play???

One of those power of the people moments where the people are trying to win a war for their country, but their country don’t like that 🤷

The dollar is backed up by actual work by people. You do real work and sell real goods and services, and you get dollars. But if you didn't supply real goods and labor and give a bunch of it to the government for "taxes," these dollars wouldn't be worth as much. So tax slavery is what backs up the dollar and gives it value, in my opinion.

Good morning!

You've seen me criticize some aspects of Monero, but I'm very critical of everything, including myself, and this meme is frankly right.

We need bitcon to be private at the base layer.

Complacency is the worst of evils, without constructive criticism there is no evolution, and if you don't evolve the system liquidates you.

At a small Princeton event last week, among other panels and speeches, Carole House spoke about censoring bitcoin.

She is the former director of cybersecurity for the White House National Security Council, and prior to that was at FinCEN focusing on cryptocurrencies, and prior to that was in the military.

Some of her main points:

-Energy-related regulation may push some hash rate outside of the U.S., whereas she would rather see more of it in the U.S. so that they can force miners to censor the network on the base layer. She also views international cooperation as a necessary component for successful censorship. She also wants stakers to be forced to censor their PoS networks.

-It's not just about telling miners not to mine certain transactions, but to not even build atop blocks that have non-compliant transactions, so that those transactions don't get anywhere in the chain. A 51% attack, in other words. Her main concern is censoring states like North Korea from being able to participate in the network.

The event was interesting because there were several very different perspectives. On one hand there was Roya Mahboob talking about using bitcoin in Afghanistan, followed by Troy Cross, Craig Warmke, and Natalie Smolenski talking about the importance of bitcoin from an ethical perspective. On the other hand, there were panels about Bored Apes and speeches about how to censor the networks.

So symmetrical, is it the human condition that creates this symmetry? Or is it the math behind bitcoin?

I don't usually post charts, it's not my job, but that given that traders are often charlatans sometimes a little perspective is needed. Over 20 years of looking at charts, even if it's not my job gives you some experience.

Never look at 4 hour charts, or even one day charts. Bitcoin is a macro asset, focus on the weekly and monthly, the rest is noise.

Last time I posted bitcoin was at 16k, I noticed there was a very powerful bullish divergence on the weekly, it was just a matter of waiting.

The logarithmic macd is just an easy way to see price action, to see market dynamics and trend if you don't know how to see it through candles. Inertia is important, it is hard to change inertia and inertia is clear on both weekly and monthly.

On the other hand, between 20k and 30k there was hardly any volume traded, it is good that we keep this zone as long as possible, this is how price is built in a price discovery process.

Lastly, don't use charts to trade, Bitcoin is not traded, Bitcoin is a way of life, a Religion, a Passion, Bitcoin is the Truth. Just use the charts to put some perspective to the world around you, DCA and sleep easy.

If you ever feel stupid, just remember:

There are still people out there buying CEL and FTT tokens

then immediately get sued by the sec😂

Gm

I feel like politicians don't get assassinated enough these days

Like minimum how has nobody assassinated the Kim family in North Korea?

Yes this is my first thought this morning

Are sats purchased from the silk road seizure more special than other sats?

The Statism Fallacy

“Every victim of statism has internalized the State to some degree. The IRS’s annual proclamation that the income tax depends on ‘voluntary compliance’ is ironically true. Should the taxpayers completely cut off the blood supply, the vampire State would helplessly perish, its unpaid police and army deserting almost immediately, defanging the monster.”—Samuel Edward Konkin