#Coinbase has released cbBTC, a wrapped version of #bitcoin on the Ethereum network and Base. Apparently it is backed 1:1 with Bitcoin held on the Coinbase exchange.

There are dozens of Bitcoin "layer 2" projects with millions in VC funding and huge followings on X.

None of the Bitcoiners I know has even heard of them. These projects don't go to Bitcoin conferences, they go to shitcoin conferences.

Layer 2 is this cycle's scam. Be safe.

This was something Steve pointed out to me that I found super interesting.

On chain fees, DENOMINATED IN SATS, are actually extremely consistent across time. And by the same measure are right now the lowest in 12 years... kinda crazy to think about with all the insanity around discussion of fees and how often its THE talking point when 99% of the rhetoric around it literally has nothing to do with the simple facts of the network and what we have seen.

nostr:note1e42r4d5utmpga4z5dx7u2qmq2884ewtw72qfhzgmgxtn9at6p32sd468nr

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It’s time for the bullmarket. We have waited long enough now. We have stacked enough. It’s time to melt haters faces. Bring it!

What would be the primary rule of: a “rules based international order” sitting on top of money that steals from people?

You Americans have big cars and big houses but it is not because you are harder working than the rest of the world or smarter.

It is because you have the world's reserve currency and you export inflation to the rest of the world, you finance yourselves at the expense of the rest of the countries, imposing your currency through the coercive force of your gigantic army.

Ask yourself why the US has military bases all over the world.

Bitcoin if it would solve this, we are going to compete as equals.

"Sometimes I feel like Michael Burry in the Big Short. We know Omega is coming but it’s taking longer than expected. If your core thesis is correct you just need to keep focused and wait." — Samson Mow

#bitcoin

اغرب شي بموضوع الحرية. اني بحكي مع ناس من عنا احيانا، وبلاحظ على قد ما هما متعودين على الوضع، بتحس صار عندهم متلازمة ستوكهولم.

يعني ببطلوا قادرين يستوعبوا الحياة إلا تحت قمع من نوع ما. ولا، بناقشك وبحاول يقنعك كيف انه احسن.

شي عجيب الانسان.