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Theory of Everything
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I make stuff about quantum physics

Find things you love indifferently. Those things last.

Replying to Avatar ODELL

Why tether will become the defacto stable coin reserve asset of central banks.

He does look like a guy standing outside a nightclub discussing the difference between post punk and new wave.

Interesting to watch how nation state insertion to bitcoin and how the creators of the network have always resisted such isolated network ideals. Open source contribution creates a new paradigm of innovation in a digital sphere. Open capital without borders is the financial incentive of a global and open knowledge to flourish. Knowledge wants to be free.

Third wave specialty coffee is something I have learned to appreciate. The first wave of coffee was Arabic traders bringing beans to Vienna, And coffee culture was born, Hence the Arabica varieties. The second wave was estate coffee, Large mass produced coffee farms that supply Starbucks, Folgers and other large scale coffee corporations. Third wave coffee focuses on different varieties from different regions of the world, Where every step of the production chain is important.

When you brew coffee, The pour over, Or a cupping is the best way to notice the subtle differences in each variety. Some coffee needs a darker roast to appreciate its flavor, Like a Java or Sumatra from Indonesia. Other varieties need a lighter roast, Like a smaller bean Ethiopian variety, Or some coffees from Latin America, Where the oils are cooked off in a darker roast. Decaf coffee is just a very dark roast that cooks off most of the caffeine content, It still has about 3% of the caffeine it originally had.

When you drink your coffee, Wait for it to cool down between 90 and 70 degrees. Oils in the coffee that make the flavor profile are expressed in this temperature range. Coffee looses these oils after about a month from its roast date. One of the best and rarest varieties is an Ethiopian Gesha variety. Many farmers in Latin America have transplanted this variety and they are still very good, But this particular strain of coffee comes from one particular region in Ethiopia and is produced in a very small scale. It is normal to pay 40$ or more for a pound of Gesha beans, But the floral and earthy flavors are unlike any other. Donโ€™t waste your health on cheap coffee.

New US Treasury Secretary Scott Bessent recently said:

โ€œ๐‘Š๐‘’'๐‘Ÿ๐‘’ ๐‘”๐‘œ๐‘–๐‘›๐‘” ๐‘ก๐‘œ ๐‘š๐‘œ๐‘›๐‘’๐‘ก๐‘–๐‘ง๐‘’ ๐‘กโ„Ž๐‘’ ๐‘Ž๐‘ ๐‘ ๐‘’๐‘ก ๐‘ ๐‘–๐‘‘๐‘’ ๐‘œ๐‘“ ๐‘กโ„Ž๐‘’ ๐‘ˆ๐‘† ๐‘๐‘Ž๐‘™๐‘Ž๐‘›๐‘๐‘’ ๐‘ โ„Ž๐‘’๐‘’๐‘ก ๐‘“๐‘œ๐‘Ÿ ๐‘กโ„Ž๐‘’ ๐ด๐‘š๐‘’๐‘Ÿ๐‘–๐‘๐‘Ž๐‘› ๐‘๐‘’๐‘œ๐‘๐‘™๐‘’. ๐‘Š๐‘’ ๐‘Ž๐‘Ÿ๐‘’ ๐‘”๐‘œ๐‘–๐‘›๐‘” ๐‘ก๐‘œ ๐‘๐‘ข๐‘ก ๐‘กโ„Ž๐‘’ ๐‘Ž๐‘ ๐‘ ๐‘’๐‘ก๐‘  ๐‘ก๐‘œ ๐‘ค๐‘œ๐‘Ÿ๐‘˜, ๐‘Ž๐‘›๐‘‘ ๐ผ ๐‘กโ„Ž๐‘–๐‘›๐‘˜ ๐‘–๐‘ก'๐‘  ๐‘”๐‘œ๐‘–๐‘›๐‘” ๐‘ก๐‘œ ๐‘๐‘’ ๐‘ฃ๐‘’๐‘Ÿ๐‘ฆ ๐‘’๐‘ฅ๐‘๐‘–๐‘ก๐‘–๐‘›๐‘”.โ€

CT is still wondering what Bessent meant by this.

Hereโ€™s one (likely) interpretation:

๐— ๐—ผ๐—ฟ๐—ฒ ๐—”๐˜€๐˜€๐—ฒ๐˜๐˜€ (๐—ฆ๐˜๐˜‚๐—ณ๐—ณ ๐˜๐—ต๐—ฒ ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜ ๐—ข๐˜„๐—ป๐˜€):

The US government (US Treasury) owns a lot of gold. Think of the US Treasury like the governmentโ€™s bank account.

Revaluing this gold to todayโ€™s market price would increase the US Treasuryโ€™s assets.

The US Treasury currently holds 261,498,926.241 troy ounces of gold, equivalent to approximately 8,134 tons. At todayโ€™s market price of $2,900 per troy ounce, the total value amounts to around $758 billion.

However, this gold is still recorded at a book value of $42 per troy ounce, totaling just $11 billion. This means the market value is nearly 68 times higher than the official book value.

By revaluing its gold reserves to reflect current market value, the government would instantly recognize an additional $747 billion in assetsโ€”effectively realizing a substantial increase in its wealth without selling a single ounce of gold.

๐— ๐—ผ๐—ฟ๐—ฒ ๐—Ÿ๐—ถ๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€ (๐—ช๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ฒ ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜ ๐—ข๐˜„๐—ฒ๐˜€):

To balance this out, the government issues "gold certificates" (fancy IOUs backed by gold) to the Federal Reserve (the US central bank).

These certificates tell the Fed: โ€œHey, we now officially say our gold is worth more. Hereโ€™s proof you can use to balance your books.โ€

๐— ๐—ผ๐—ฟ๐—ฒ ๐—”๐˜€๐˜€๐—ฒ๐˜๐˜€ (๐—ฉ๐—ฎ๐—น๐˜‚๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ฆ๐˜๐˜‚๐—ณ๐—ณ ๐—ผ๐—ป ๐˜๐—ต๐—ฒ ๐—™๐—ฒ๐—ฑโ€™๐˜€ ๐—•๐—ฎ๐—น๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฆ๐—ต๐—ฒ๐—ฒ๐˜):

The Fed receives those new gold certificates from the Treasury.

These certificates increase the Fedโ€™s assets because they represent valuable claims backed by US gold.

๐— ๐—ผ๐—ฟ๐—ฒ ๐—Ÿ๐—ถ๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€ (๐— ๐—ผ๐—ป๐—ฒ๐˜† ๐—ข๐˜„๐—ฒ๐—ฑ ๐—ฏ๐˜† ๐˜๐—ต๐—ฒ ๐—™๐—ฒ๐—ฑ):

Hereโ€™s where it gets interesting: the Fed, in return, credits the US Treasuryโ€™s checking account (called the Treasury General Account, or TGA) with new money equal to the increased value of the gold.

The Treasury can now spend this newly credited money on public projects, debt repayment, or stimulusโ€”without borrowing or raising taxes.

๐—›๐—ผ๐˜„ ๐—ง๐—ต๐—ถ๐˜€ ๐—œ๐˜€ ๐—Ÿ๐—ถ๐—ธ๐—ฒ "๐—ฆ๐—ฒ๐—ฐ๐—ฟ๐—ฒ๐˜" ๐—ค๐˜‚๐—ฎ๐—ป๐˜๐—ถ๐˜๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—˜๐—ฎ๐˜€๐—ถ๐—ป๐—ด (๐—ค๐—˜):

Normally, the Fed prints money (QE) by buying bonds from the market to pump cash into the economy.

But in this case, the Fed is not buying anything from the public. Instead, itโ€™s crediting the Treasuryโ€™s account simply because the gold is now valued higher.

Result: The Treasury now has more cash to spend, similar to QE, but without the Fed purchasing assets from banks or investors.

I know, We will just say we have more money than we did before!

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Trading top to bottom makes more sense than dca HODL. Not trading market tops, SMH. Itโ€™s just an algorithm, It has no feelings, You love bitcoin but bitcoin is just computers.

Try GABA, Or Gamma Amino Butyric Acid supplements. Alcohol is only a few molecules away from GABA, And your body processes it as such. GABA supplements can help the lower intestine start producing more GABA naturally, And help curve cravings. DT tremors are a side effect of the lower intestine not producing GABA naturally. GABA is the inhibitory neurotransmitter in the brain, And produces the human growth hormone, And is only produced from 6-8 hours of sleep, During the REM cycle sleeping pattern. I have had no problem putting alcohol down when I want, And enjoying alcohol responsibly after using GABA regularly to keep my life in balance.

Respect and care are two very different things.

I thought after this, There could also be a picture of Chinaโ€™s marching army for the communists now picture, But as far as western communists I think it is accurate.