I keep asking myself how long the IMF will have any relevance. The International Mafia Fund exists on USDs, afterall.
Once the IMF is functionally dead, I'm thinking it opens the door for more bitcoinazation for developing nations, who realistically need it the most.
Does anyone have any thoughts on this?
As someone with moderate colorblindness, I kind of hate the the nostr color is purple. Until I got some EnChroma glasses, purple was just some sort of conspiracy to me. I was 38 years old before I actually saw the color for the first time.
But, I tend to not wear my glasses indoors or while looking at my phone, which is how I generally scroll nostr. So, all of this nostr art is just a bunch of giant blue birds to me.
I don't need any blue birds in my life.
Okay, okay... I don't actually care. I'm just bored and drinking a beer on a cold Saturday afternoon.
Carry on.
Bitcoin could easily hit 10kb again. There's a ton of Bitcoin owned by institutions that have done understand it and just see at a any other asset to trade. That means they'll sell it off in an attempt to save themselves if they find themselves being allowed to fail b as they should.
The bitcoin price denominated in dollars will, over time, take care of itself. It will always eventually continue to go up. But, if bitcoin is doing what bitcoin is meant to do, until it becomes a reserve currency (which I think is likely to happen before or at the same time as hyperbitcoinization) it's still going to have swings because, at the end of the day, the market is people. And people, especially those in the institutions it seems, are panicky and often don't really understand what they're doing.
So, I'm not going to rule out another round of 10k bitcoin any more than I'm ruling out a 10+ million bitcoin.
My current favorite passtime is watching YouTube investment and trading channels. Not because I want their advice, but rather because I am getting a kick out of all the interesting ways they're seeing things breaking.
The comedy is that I'm not sure that most of them are wrong even though a lot of them are focusing the blame of different things from one another.
I mean, I don't think that people suffering is funny. But I do find it comical that so many things are broken that no one can agree on which broken things are causing problems today.
I think that there's still way too much money in bitcoin that had no idea what bitcoin is or what it does, they just want to turn a "profit."
We still need more serious financial and economic shakeups before people start to realize what this "new thing" really is. (Like sound money is a new idea...)
They'll eventually get it. But, until then, ups and downs will be the results of speculation rather than protection.
Good call. It's been to long and I think an old friend and bandmate of mine is playing somewhere this weekend. I should go show some support and listen to him play.
A good friend of mine owed me $40. She offered to pay me back today. I told her to buy herself some bitcoin with it instead.
She just sent me a screenshot of her buy.
Next, to teach her and her boyfriend about self-custody.
Regardless, today was a good day.
To orange pill someone in the service industry is generally fairly easy. The whole FoH staff talks about money. There's very little delusion among the staff that that's what they're all there for. They're a sales force, afterall. And most of them, while they would never tell a guest, hate their jobs. And they hate taxes. Most of them owe at tax time anyway. The hourly seldom covers what they owe. So, they see that money going out.
But, you'll never get them while they're busy, especially the bartender. They have easy too much going on.
If you want to get them, go in during the slow time, normally between 2-4 pm. That's when they're bored AND when a bartender is bored, they're also basically working for free.
It's during that slow, free labor period of their day that they want to milk guests for tips and will often talk about anything the guestt wants to talk about. Good bartenders pride themselves in being able to hold on a conversation with anyone. So, bring up bitcoin.
You know the rest.
I know that what I'm about to say flies in the face of what social media has become and thus how too many people (in my opinion) view the world, but I think a lot of people here, at least for now, will understand what I'm trying to say.
I find it better to be the person that, in a time of fear and panic, others ask, "What can I do about it? What I can I do to be ready?" than the person that people are afraid to talk to when times get scary.
To be this person, at least for me, requires being completely comfortable being called "crazy" more often than not. It also requires having a since of humor about most things. And, it requires being honest with myself and others regarding my mistakes.
I hope that as things get rougher and scarier, which I'm powerless to stop, that people who know me feel comfortable asking me how to get though it. They already know my answers: have the skills of at least a fair amount of self sufficiency (grow a garden, own and know how to use firearms, some level of mechanical knowledge) , own and self custody bitcoin, and know how to peacefully interact with others.
But, a lot of the time, people ask to hear what they know they need to hear, whether they liked it before or not.
Just because I feel like there needs to be some Zappa representation on nostr.
https://youtube.com/playlist?list=PL22yevoIBQSHrqG5rw1smIc7My7SjVd47
Andrew Shultz, especially for his crowd work.
I'm a locksmith (I don't do vaults, though) and I'm here to tell anyone that quality physical security is not cheap. It's not cheap at all. Any there's always someone, somewhere that knows it's exploits.
Most locks are just a polite suggestion, especially in North America. We really don't take our security seriously.
I also might wear Bitcoin t-shirts on jobs from time to time hoping that someone asks.
The Fed's years-long project to stand up an instant payments system, FedNow, will finally be launched later this year., we ask one this was coming. Now we have confirmation.
So, I keep asking myself if Credit Suisse will be bailed out or if they will be allowed to fail. And, if they're allowed to fail, will it happen on, say... Friday? You know, just after the markets close for the weekend...
I'm really just wondering this because I have an irrational feeling that getting ahead of this will help me determine what kind of beer to buy for the weekend.
Sometimes watching Cramer is like watching 90's SNL. Even if I don't want to, sometimes Ib just have to laugh.
I'm pretty confident as long as I'm inversing Cramer. I get nervous every time I agree with anything he says.
This part is fun and all, but the next stage will be the best.
Has anyone checked to see how the "Inverse Cramer ETF" is doing?
I drunkenly bought $100 worth in 2015 after a terrible night tending bar. After a little while, I gave some away trying to get people interested. I gambled some testing out bitcoin gambling sites to try to get people interested.
After everything was said and done, I still had .42 BTC. It's been sitting in it's own wallet in cold storage for awhile now.
I simply tell people the story and show them what "I have left" out of that first buy.
It's an attention getter.
So, here we go:
Bitcoin currently isn't quite in a beat cycle or a bull cycle. It's simply in the bean cycle.
There, we've figured it out...