Tesla cyber trucks are so irredeemably ugly I now feel they’re an attack on human dignity.

No boom.

Only a few boats are left in our marina.

Jack is like one of those hippy chicks who becomes a vegan yoga instructor constantly searching for the solution to themselves that only makes them more unhealthy and unhinged.

I’m going to be a dad!!!!!

If you could hand pick anyone to be President of the United States (following same rules, must be 35 or older, U.S. born) who would it be? 🤔

GM.

I'm bullish on bitcoin, and I think a lot of people overthink it.

One of my favorite metrics is the market value vs realized value ratio. The realized value is basically just the on-chain cost basis. The value of UTXOs at the dollar price during which they last moved between wallets, which often means the time people pulled them from exchanges or deposited them to exchanges.

A relatively small amount of marginal buying can push up the market value by a lot. Like how if you buy one house on a street, it can boost the estimated price of all houses on that street even though only one of them traded hands. But when market value becomes stretched relative to cost basis, it means that part of the market value is kind of illusory. We don't *really* know what houses on that street are worth if only one of them traded hands recently and thus liquidity was low. Over time, as more houses on that street trade hands and we have more price points, the estimated value of the street becomes more real. The same thing for bitcoin; as more bitcoin trades hands at certain levels, it starts to make that level "real" compared to how real we should consider it when it just touches a certain level for a little while with limited volume.

Right now, bitcoin is at an all-time high in its realized price, i.e. cost basis.

Back when bitcoin was poking over $60k in April 2021, the cost basis for the network was only about $350 billion. Now, at the same market price, the cost basis approaches $650 billion, or more than twice as high. The marginal bitcoin has traded hands and moved between wallets at much higher prices than years ago, even though the market price is about the same. In other words, these levels have been truly liquid and been consummated by the market more than they were back in 2021, and thus the price is more robust at this level than back then.

The launch of the spot ETFs pulled forward some excitement this year, and so we've been in this big consolidation since March. But even in that time period from March to the present, the on-chain cost basis increased from like $520 billion to $640 billion, and so price discovery and progress is being made despite the ongoing price chop.

As the network builds a bigger and more solid base like it has been doing, it can set the stage for the next major breakout. The network looks healthy to me.

#Bitcoin is the bane of the IMF’s existence.

Prediction: The IMF will rail against the growing Bitcoin network until the IMF ceases to exist.

If only it was possible...

Only 36.

Some I hope not to experience.

Onwards. ⚡️

nostr:note1u9u8tzl92l060etkjy56gnjytlla56ykhuuce0q4u8p6ufmulmhsgvy50a

No are they accessible in any way?

Absolutely on both counts. The gold standard architecture never ceases to amaze me. That library’s interior is truly a work of (stone) art.

I just learned that 50-70% of the population doesn’t have an internal monologue.

I honestly can’t really comprehend this.

Worked my other job today and hit the bricks to stomp some tricks omw home ☀️🛹🙏

Today's #asknostr is what is eating the bark from these apple trees? First I thought rabbit, but the second one seemed pretty high for a bunny.

I'm going to put a guard around the trunk. Is there anything I can do to help the tree now? #comfrey poultice? 😄

#permies