BTC exchange rate solidly above 1M ZAR and a new ATH 🚀

Actually grateful that the ZAR is such a shitcoin and SA has capital controls. I was far more receptive to Bitcoin 🙏

This is one of the main reasons I expect deflation to happen unless there's QE and low rates again here in the UK. Natural gas prices were the biggest system shock in 2022 driving the "cost of living crisis" and sending UK energy companies into bankruptcy. It literally went up 1000%.

But now we're heading towards historic lows - both a sign that production costs of goods will come down, but also partly shows that demand for energy is decreasing (although bigger driver seems to be a supply glut despite Ukraine war).

Vitalik's displays of motivated reasoning are legendary

happy birthday! enjoy

Fantastic talk 👏

This is my new go to link for some of my normie friends to help them understand the problem Bitcoin solves.

Hilarious that the ex Egypt Finance Minister was in the audience - his questions were a bit silly, but you answered excellently.

Also, well done on the way you answered that old man's questions. This guy is like most of the normies I talk to about Bitcoin - they think they've got a killer point based on common sense, but are really just uninformed. You answered clearly and very respectfully even though many others would have been condescending.

Always has been

"Dionysius abused his office to artifice an impending famine in Rome by deliberately withholding the grain reserves. This led to a revolt in the Circus Maximus during a horse race, when the crowd was convinced that Cleander was responsible for the lack of food, who then marched to where the emperor Commodus was. To appease the crowd, he had Cleander and his son executed."

https://en.m.wikipedia.org/wiki/Papirius_Dionysius

People react to privacy the same way they did to COVID vaccinnes. If you took the vaccine you were invested in justifying your decision, and some even pushed for everyone to do the same as them - they wouldn't hear the other side of the debate.

We're the same with KYC Bitcoin, GMail accounts, iPhones and bank cards. It's tempting to downplay the risks if you've already been cucked (I have). Best time to start learning about the risks and changing your set up was years ago, second best time is today.

just stumbled across rationalwiki.org, it's basically wikipedia written by this guy:

seems possible, but honestly concerned to see too much momentum too soon before halving has had a chance to exert supply side pressure without market hype

good thing he touched wood, otherwise the whole system might collapse

yeah but the flip side is relentless innovation - I'm not tempted, but I'm impressed

so will it matter when Bitcoin is a trillion dollar asset again? I remember Willy Woo talking this up last cycle like it was going to be the new floor 😅

I've noticed a recent trend of disingenuous thinkboi FUD on SN in general, not just ecash or LN.

The super-purest position is clever too, since it comes with baked in responses like "oh you don't think self custody is important?".

what are these miners getting in exchange? what's incentivising them not to switch?

There are 2016 blocks every 2 weeks, surely income stability can't be a factor especially if you're a public miner and report quarterly earnings - even if you're a 1% hashrate pool that's about 262 blocks in a Q with reasonable certainty and even a chance of being lucky and getting more.

Regardless of the issue here (I agree with the stance) it's egregious that UK newspapers openly advertise that they campaign for anything.

You think they don't also do this for other political or financial positions?

Was browsing nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a blog and came across this article about how she maintains her energy: https://www.lynalden.com/increase-energy/

Long story short: I bought and ate my first can of sardines and they weren't actually that bad 😋

pillow at least?

The problem with Balaji is that he's an excellent bullshitter. I just eat up everything he says about the media, politics, macro because it resonates with my biases. But as soon as he starts talking about something I have a deeper nuts & bolts understanding of, like decentralisation of Bitcoin, it's 🚩🚩🚩🚩🚩

I browse the front pages of physical British newspapers each morning just to see what we're all supposed to be caring about. My main takeaway each day is how full of shit politicians are, and how much that's embraced by journalists to get engagement.

Utter nonsense mostly, with worrying tidbits that increase my prior about WW3.

Concerning to see all the recent seeding of the idea that the UK needs more weapons and/or conscription in order to fight Russia.

Makes me reflect on what I would have done in previous UK wars with conscription. Probably would have been able to get behind the idea of fighting for the allies in WW2, but assuming I had the full context in WW1 I would feel justified objecting or going into exile with my family. Likewise with Russia in 2024 - they don't pose a realistic threat to us in the UK.