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The Rabbit Hole
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Navigating the discourse.

NEW: Adobe Digital Price Index falls 2.6% in June, sharpest decline in 36 months 👀

What are your expectations for tomorrow's CPI release?

In March 2020 Coinbase held over 1,000,000 BTC.

This has now dropped to 439,000 BTC.

The exchanges are being drained.

#Bitcoin is on the cusp of true price discovery.

Only ~280 days until the next #Bitcoin halving

HODL ON

Whenever someone talks to you about ESG, electric cars and changing the energy matrix, ask where the minerals for that battery pile come from and how they are extracted from nature.

This is a cobalt mine with about 40,000 people in slave labor.

But it's for the Amazon, for the Environment, reduction of carbon emissions, say those who tenaciously deceive you babbling persuasive pre-molded sentences.

https://nostr.build/av/0ff757d7a6a40f6203b8bab2777ce26ca6e21acf4dd0fd45c23a05f522625e6c.mp4

This is so surreal. The socialist Spanish minister uses a private jet to attend a climate conference. 100 metres before the venue she gets out off the limo and takes a bicycle. The security cars follow her.

https://nostr.build/av/cd08e70d9a61e1474023ad029015bbea16ed217887d6b0f51e527f27c43f8e0c.mp4

🇷🇺 Russian Foreign Minister Lavrov:

“There is a desire to promote the development of, if not a single currency, then payment mechanisms that will protect all participants from the arbitrariness of any external player”

#Bitcoin fixes this

https://nostr.build/av/6f1258400ae7191f1fde762e07b120b474ac3f18ad973044a32ecaaa4e3c7d71.mp4

German ZEW survey highlights concerns over shaky recovery. ZEW investor expectations fell to -14.7 in Jul (estimate -10.6) from -8.5 in June a bad omen for econ growth.

NEW: 🇮🇹 Italian bank deposits dropped by 💶 €20bn in May, as people seek better remuneration to counter rampant inflation and ECB rate hikes 👀

Study #Bitcoin

NEW: "#Bitcoin is highly volatile and has no intrinsic value. It is best treated as extremely speculative investment" says 🇬🇧 Bank of England Governor, Andrew Bailey 👀

#Bitcoin is a commodity. Do you know what has no intrinsic value by definition? FIAT money

NEW: #Bitcoin total number of UTXOs skyrocketed to a new all time high in May, signalling rising net adoption. 🔥

UTXOs, or Unspent Transaction Output, are the building blocks of the #Bitcoin accounting system. The balance you see on your wallet is actually composed by these smaller amounts of #Bitcoin.

UTXOs are the form in which #Bitcoin travels through the cyberspace. The more there are, the more the network is vibrant and growing 🙌

United Kingdom 🇬🇧: The cover of “The Economist” magazine this week says “The future of war” and features soldiers and drones.

USA 🇺🇸: The newspaper "New York Times" announced that it is dissolving its sports department.

The decision impacts more than 35,000 people in the sports department, according to the newspaper. Sports journalists will move to other roles in the newsroom and no layoffs are anticipated

USA 🇺🇸: Travel consultants and industry analysts say the slowdown is the latest sign that Disney's recent price increases and changes in park operations have "soured" some families from visiting the attractions offered by the company.

The average waiting time on the 04/07 holiday fell from 47 minutes in 2019 to 27 minutes in 2023.

In May, P2P transactions cost almost 10k sats to go out the same day. Last month, it went to 5k. Today, we have 1.5k left in the next 3 blocks.

Apparently the ordinal money has run out, and we are returning to normal patterns.

What is the most beautiful building ever constructed?

buy the dip today so you can enjoy views like this a year from today.