BITCOIN WILL NEVER REACH AN ALL TIME HIGH AGAIN*
* in the next five minutes
The problem with Primal app is I can’t stop zapping people. It’s like a drug
gm. start your day with a bowl of tasty beats from nostr:npub1e2wk36e9vg8uw40phrrkkhc4tax8a9ken3fjcyy63vmdyz9aee2sk9el27
@odell with the most based bitcoin advise I’ve learned in 4 words I’ve learned in 11 years
Stay humble, stack sats.
It’s not about how many dollars your bitcoin is worth. It’s about how much bitcoin your dollars are worth.
I don't know how he does it buy everytime i listen to Saylor talk about something new i get more bullish. He is just so fucking good at providing perspective and clearly communicating
Just as a thought exercise it's fun to think about the power of absolute scarcity in bitcoin.
For example if you own 6.15 bitcoin of a total supply cap of 21mm you own an effective 0.00002929% percent of ALL available wealth in the network.
By comparison if i took that same bitcoin value in USD i'd have roughly $378k or 0.00000008% of all available global wealth ($454 tn) at present day and shrinking literally every single day due to central banking inflation.
So my bitcoin holdings represent 351x more relative purchasing power WHICH WILL NEVER BE DILLUTED. Arguably that purchasing power will only increase as coins are lost. The upside of holding bitcoin right here is bonkers as more people seek a better store of wealth. Still so early...
Just checked my plebclock. 1 btc still = 1 btc
The idea that bitcoin will become a 2% allocation of NPC's portfolio is absurd. Bitcoin is the closest thing to perfection we have of a long-term deflation resistant storage mechanism that is literally programmed to go up. To think that 98% of peoples portfolios will continually play the stock market casino (with insane tail risk) driven by advisors who are going to underperform bitcoin is insane.
This may take an entire cycle or two to flush out but bitcoin will become much more then 2% of the average persons portfolio. Bitcoin will destroy all models.
Net inflows of 11.2k BTC yesterday. Over 12x the new supply and in 50 days that single day of inflows would wipe out 24 days of new supply. Absolutely bonkers. Anyone selling right now is out of their minds.
gm. let this be day 2 of pump-a-looza 2024. enjoy this tasty video from nostr:npub1hrctsg2qwu5gsp65gvj29968z460g0th755jq92c8uaz620lewmq6qk525
Less then 6.5% of supply left to mine and ... checks notes... 116 more years.
You do not have enough bitcoin.
There are far too few services focused on over-collateralized bitcoin lending. It's literally risk free when done right.
Here's a suggestion for Brian:
0.) Stop being a fucking idiot
1. ) Fire every engineer working on shitcoin markets
2.) Fire every engineer working on NFT projects
3.) Close your SF office
3.) Hire a small team of rockstar developers, pay them hansomely
4.) Implement LN finally after continually promising and non-delivery
5.) Allow your hyper-focused team to build a high-availability trading platform
6.) Figure out how to focus on being a bitcoin-only company to maximize longevity of company
7.) Build out bitcoin lending services
It's crazy how Coinbase largely has the entire bitcoin market cornered. Things getting too hot? Put a short in, crash the market by bringing you infrastructure down, profit. It's happened dozens of times before by the bald fuckface Brian Armstrong. 10 years going the guy still can't figure out how to scale his infrastructure for peak demand.
