I would’ve appreciated the uber-cringe of this as an Andrew Lloyd Webber piece…but that would only prevent me from wanting to pay good money to see this:
And all governance is incentivized to perpetuate itself…not even out of self-incentives, but simply because for them, it is the way it’s always been done.
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DISCLAIMER: I wrote the following years ago in a newb-inspired heady fervor of Bitcoin. Came across it tonight and was going to delete it, but because we are Nostr, here it is, warts and all:
“Bitcoiners often talk about Self Sovereignty, but we rarely acknowledge what that means at its core.
Traditionally, only someone with enough wealth to be independent from the NEED for income - only that person could be said to be Self Sovereign. (Let’s eschew the voluntary “drop-outs” of general society for the sake of argument here). Self-Sovereignty has, throughout recorded history, been a state of living - and a resulting mind-frame - for people who’ve achieved financial independence beyond the need for a “job” or income.
But far, far more important to focus on here is how that person is independent of the myriad influences of what I’ll simply call the Working Man’s Marketplace. The Working Man’s Marketplace is the life-long propaganda working people swim in whereby they are told their worth lies only in producing income, having a job, and affording better and better things.
Yes, you know….so where am I going with this…
To be Self Sovereign is to become free of this ubiquitous culture that underpins servitude. You get this, this is important, and there’s a lot that could be said about it, but my point here is this:
Bitcoiners represent a tiny fulcrum of History where a sizable mass of “plebian” Humanity has achieved THE MINDSET of Self-Sovereignty, regardless of whether they possess the MEANS of it.
The American Revolution is most certainly the last point in history that contemporary Bitcoin culture could be compared to…and I’m hard-pressed to think of any other one beyond that.
Bitcoin is the New America.
But more important, WE are the Revolutionary forces which will shape the World in its light.
We know now that very, very few Continental Americans wanted a Revolution against the oppressive authority…yet those very few were confident and intransigent. They didn’t suffer fools gladly.”
Within the next 1-2 months we will know for certain if/that the cycles are broken.
Not just diminished, or extended, but irrelevant.
Either way, we will be happy, and free.
OGs will sell, regardless. Incoming plebs will stack regardless.
Podcasts will pimp cycle-theory regardless. Or monetize why broken cycles are Bullish.
Everything about Bitcoin will change in the next couple months.
All our models will be revised & confirmed, or discarded.
We will exhale stale air into a refreshing new world.
Here’s the more complete thought:
The single word “theorist” was Edward Bernays’ inspired bullshit that completely undermined the legitimate Sciences.
Because it undermined any sense of a shared question Theory for investigation, turning the focus instead on the single, questioning individual.
Divide and conquer.
The single word “theorist” was Edward Bernays’ inspired bullshit that completely undermined the legitimate Sciences.
I’m honestly not into price-action right now.
And I’m not into fighting about core.
I just want to take a few months off and be Me.
Why do those who never use their credit card care whether their data is pimped?
Apples/oranges, yes. But it’s about creeping incentives.
nostr:npub1mm0eraw9am3l8pjwas6t9r7fn34ge3zty5yg3n856rvds485342qlqnm32 is a tireless font of new music from Japan/Asia. And hashtag a pleb.
Please follow.
It’s genuinely heartening to have Bitcoin-non-Bitcoin inspirations coming in right now, imo.
(Don’t judge by this one retweet.)
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16 years of Bitcoin, and I’ve never cared or gotten any signal from any data on the blockchain.
Whatarewe?
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Oil continues to free-fall, breaking below 60ksats.
WTI Crude at 59,743 sats per barrel on the morning.
Jed Clampett could not be reached for comment.
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I‘m not a lover of TA, but over 25 years I’ve come to respect a handful of the very skilled professional traders I’ve known.
When Institutions entered Bitcoin in 2021, we were introduced to a long-time Institutional tactic for “fleecing Retail” called the Wyckoff Distribution (also called a 3-Drive Top formation). This theory held out, and explained from a TA perspective the 2021 ‘compressed top’ into the bear market. Institutional Traders saw an opportunity, entered Bitcoin en masse, fleeced the Retail, and left. Bitcoin experience it’s longest bear market yet.
2024 however saw a reverse-Wyckoff bottom formation that lasted 8 months - which we experienced as the Crab-Walk. This may have been a Wyckoff Accumulation, or bottom accumulation - spurred by the newly formed ETFs last January. It signaled Institutions managing and accumulating the massive and needed new ETF inflows which, when sated, were then unleashed - and caused Bitcoin to explode to new highs.
We seem, imo, to be in the midst of another Wyckoff Accumulation / bottom. This would explain the breaking of the cycles right now. Institutional Traders may be managing and accumulating Bitcoin in anticipation of the coming Nation State adoption that is coming.
IF this holds true, and IF it mirrors last year’s Wyckoff bottom accumulation, then Bitcoin will yet crab forward - and even touch a another low for the year very soon, shaking out the last of the weakest of the lettuce-hands.
Until late-June / early July when it will explode much, much higher.
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Oil weakness persists into all-time lows.
WTI Crude Oil priced at 62,328 sats/barrel.
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I use nostr:npub126ntw5mnermmj0znhjhgdk8lh2af72sm8qfzq48umdlnhaj9kuns3le9ll but I only interact with my bitcoin node via Specter wallet and mempool. I do use my lightning node a lot but only through RTL. I don’t really need to look directly at my bitcoin node all that much.
Yes, same.
Was wondering if there are any other node-based apps that are ‘hot’ with the node-runners. Thx!
If Cycles hold it’s gonna be calm ‘til late November.
Luckily, Cycles are done.
I’ve been running nodes for 3+ years, and it’s beginning to bother me that I’ve never found an app that makes me WANT to login to my node.
Admittedly, I’ve stopped caring, so I may be out of touch.
Can anyone suggest an app they use regularly? Is there any ‘killer app’ for active use (i.e. other than storing my files)?
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The value of Oil is collapsing in real-money terms, hitting unseen before lows.
WTI Crude trading at 63,544 sats per barrel for nations & institutions prescient enough to embrace Bitcoin.
Nostrovia Satoshi!
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Oil continues to get pounded on the ropes, pushing toward a TKO below all-time lows in sats.
Currently 65,633 sats/barrel for WTI Crude.
🛢️ 🛢️ 🛢️
Never Forget:
- The 9/11 official story was a proven lie.
- The Epstein list is too important to make public.
- The Moon is not what we’ve been told.
- The word Doge isn’t pronounced correctly.
Thx for checking in!
Goodnight!
“The OG Bitcoiner”: A Classical 5-Act Play
Act I: Exposition
“This Bitcoin thing is cool. I’m all in! Yolo, I hope it blows up! Lambo!!!”
Act II: Rising Action
“WTF…I used to have 400 Bitcoins and now it’s mooning and I only have 100. But I needed car repairs. What wuz I thinking!?!”
Act III: Climax
“The selling and shitcoining are ruining me! Bitcoin might actually be a thing! I must, MUST focus on working for fiat instead. HODL and STACK was the message all along!”
Act IV: Falling Action
“I will draw the line at 50 Bitcoins. For real. I have to get serious about my future. Start a podcast? A credit card? Move to El Salvador? I can both live and hodl, right? What does it mean to ‘build’?”
Act V: Denouement/Resolution
“I’ll sell less this year.
And even less the year after.
And that’s Ok.
Life is good.
This is the Bitcoin way.”
Lights down and…Curtain