The lightning network of tomorrow looks almost nothing like the current system.
- Resizing Lightning Channels Off-Chain With Hierarchical Channels: https://lists.linuxfoundation.org/pipermail/lightning-dev/2023-March/003886.html
- Predictive, Opportunistic Rebalancing: https://www.nobsbitcoin.com/lightspark-launched/
- Automating Lightning Liquidity w/ Voltage 'Flow 2.0': https://www.youtube.com/watch?v=Tl-Y60EqM3U
- In-browser Privacy-Centric Lightning Wallet: https://blog.mutinywallet.com/introducing-mutiny/
- BOLT12 Blinded Paths and Static Invoices: https://lightningdevkit.org/blog/ldk-roadmap
"The world you desire can be won."
"In a free society, one does not have to deal with those who are irrational. One is free to avoid them."
"Civilization is the process of setting man free from men."
"The truth is not for all men but only for those who seek it."
- Ayn Rand
100% pre-mined central bank permissioned cuck tokens
IMF unveils Unicoin: A global, legal tender settlement #CBDC: https://kitco.com/news/2023-04-10/IMF-unveils-Unicoin-A-global-legal-tender-settlement-CBDC.html
I know what I want in my wallet: #bitcoin.
"The world you desire can be won."
- Ayn Rand
The purchasing power of gold is almost perfectly flat (stable, slightly negative) over 50 years compared to the M2 money supply.
---
FEB 1973 M2: $810 Billion
FEB 2023 M2: $21,099 Billion
Duration: 50 years
CAGR: 6.74%
---
FEB 1973 Gold: $86
FEB 2023 Gold: $1,853
Duration: 50 years
CAGR: 6.33%
---
Gold CAGR vs. M2: -0.1% to -0.4%
---
Sources:
- https://fred.stlouisfed.org/series/M2NS
- https://sdbullion.com/gold-prices-1973
- https://www.investing.com/commodities/gold-historical-data
28k is the new 58k
It's really hard to bootstrap a new social network. Hoping this one sticks.
A break above and retest of ~$32,000 mark would be a strong confirmation of a new bull market in bitcoin. Could be lots of chop between now and then. (Ex. between say 25K and 36K)
Trying to scroll through the global feed on iris.to at a nice leisurely pace is like playing Shoots and Ladders. Keep getting jolted about, frozen, taken back to the beginning, teleported ahead. Terrible UX.
Perhaps we should not be so concerned over the #dedollarization trend as much as try to understand how much 'dollar holders' have to lose by holding on to the 'cleanest dirty shirt in the hamper' in the case that the status quo persists for some time, say for 5-10 years more.
For example... At best, t-bills, the highest yielding, lowest risk dollar-denominated asset, currently net you a -1% real yield.
At worst, they net you closer to -10% real, using the 1980 CPI methodology (H/T: shadowstats).
It is for this reason that I recommend to anyone listening to consider hard assets and a focus on wealth preservation above all else. Monetary and fiscal authorities have led us to the slaughter. It's time to opt out of their game. My top recommendations for 'getaway cars' are: bitcoin, gold and cash-flowing real estate. (All hard assets, in scarce supply, that are difficult or costly for the state to confiscate.)
Imagine you held a bit of each, in equal proportions. Perhaps you best inflation to the tune of positive 10% real yield with this mix. If your goal is wealth preservation, then you merely need to convert half of your cash into said hard assets in order to nullify the -10% real yield of cash. (For those more risk tolerant, consider 60/40 hard/fiat, or higher.)
bitcoin beginning to outperform gold again, first time since DEC 2021
(weekly chart, bitcoin-gold ratio)
#bitcoin #gold
Saw this image making the rounds so I did some digging...
Samuel Benner was a prosperous farmer who was wiped out financially by the 1873 panic. When he try to discern the causes of fluctuations in markets, he came across a large degree of cyclicality.
Benner eventually published his findings in a book in 1875 — BENNERS PROPHECIES: FUTURE UPS AND DOWNS IN PRICEs — making business and commodity price forecasts for 1876 -1904. Many (but not all) of these forecasts were fairly accurate.
The Benner Cycle includes:
- an 11 year cycle in corn and pig prices with peaks alternating every 5 and 6 years.
- cotton prices which moved in a cycle with peaks every 11 years.
- a 27 year cycle in pig iron prices with lows every 11, 9, 7 years & peaks in the order 8, 9, 10 years
Certainly worth thinking about as a general long term framework — and a reminder that the so-called 100 year floods comes along much more frequently than the name implies.
Via https://ritholtz.com/2010/08/the-56-year-benner-cycle/ (2010 article)
Be wary of Groupthink and 'Samsaric' Media Cycles (faster and faster fear-doom-rage-fomo loops).
#BRICS bank (New Development Bank) members, alternative to IMF and 'World Bank':
- Brazil, Russia, India, China, South Africa (founded)
- Egypt, UAE, Uruguay, Bangladesh (joined)
- Saudi, Algeria, Argentina, Mexico & more (applying)
https://www.dw.com/en/a-new-world-order-brics-nations-provide-an-alternative-to-the-west/a-65124269 #MultiPolarity
The rules of the fiat system are rules of convenience. They are broken as soon as they would imperil the ability of the parasite class to recapitalize the failing system.
The rules of the bitcoin system are stable and enforced by a supermajority of the users of the software.
Form & Function:
Saying 'bitcoin is not money' is like saying 'the internet is just a mess of connected cables and switches'.
Much of its essence is derived from its usage.
Is bitcoin a network of nodes updating ledger entries together? Yes.
Is it used as money? Also Yes.
