Imagine working 9-5 for 50 years then The Fed prints 40% of the total money supply and inflates away 20 years of your work.

My first time using a brûlée torch — success!

I brûléed the top of some leftover corn pound cake and it makes it even better 🤌

But even better than that… port with orange pound cake. I love port so much; how did I not know it went amazing with orange?

Sandeman Founder’s Reserve ruby port, which was my favorite until I discovered Quinta das Carvalhas. I’m sure there are others even better out there, but these are enjoyable enough to have with some pound cake!

#cake #baking #wine #port #drinkstr #cakestr #food #foodstr #grownostr

I shouldn’t have looked at the price.

Just had a very simple exchange with my plumber about #Bitcoin that seemed to resonate with him…

He asked what made it valuable and why would it go up in price.

I said, if you could know that the set of rules for the economy were perfectly fair, where everyone had to put in value to get it out and nobody could cheat, would that be worth something to you?

Him: hell yeah.

Me: well we clearly don’t have that when someone can print trillions of dollars and just consume a horrific amount of capital without doing anything at all, right? Causing the price of everything to double, just like the PVC price we were just talking about.

So imagine you could just know, that whatever someone else did to get those bitcoin, you could *know* beyond any doubt, that they didn’t cheat the money. That they couldn’t print them out of thin air. They had to work within the rules. Would that be valuable?

Him: Yeah. So there’s a certain amount or something?

Me: Yes, 21 million forever. There will never be any more.

Him: So if inflation keeps happening Bitcoin will go up?

Me: Well it’s far more perfectly scarce than PVC pipe and housing and what has happened to the price of those things?

——

We got distracted with a leak issue after that, but he seemed to really follow this line of thinking.

Where were they? I looked for them.

Thoughts about the Trump speech. Obviously, after RFK, nothing is bullish enough. However,

1. Strategic bitcoin reserve is a huge step that will make other nations follow suit. The United States publicly saying they will not sell their bitcoin while strategically acquiring more (1 million is the number) is so unbelievable words can't explain.

2. Bitcoin Council, made up of the likes of Vivek, Lummis, Saylor, (These are names Trump shouted out) and others is the biggest deal. If these folks are making the bitcoin policies, that's ultra bullish.

3. RFK will be part of the Trump administration to some degree, his bullishness will have an effect.

4. Trump saying bitcoiners are high IQ was hilarious and true.

All in all I felt underwhelmed but upon further reflection, this is a huge step for bitcoin. Bigger than we know right now. Be patient, the narrative is shifting. Bitcoin will win.

🇺🇸 Donald Trump 2024 💰 Bitcoin Conference Speech Recap:

• On day one I will fire Gary Gensler and appoint a new SEC chairman.

• Create a US Government strategic national Bitcoin stockpile if elected.

• US Government will keep 100% of Bitcoin it owns

• Bitcoin is going to the moon.

• Never sell your Bitcoin

• Bitcoin will one day probably surpass the market cap of Gold.

• I reaffirm my pledge to commute Ross Ulbricht's sentence.

• There will never be a CBDC while I am President of the United States.

• Bitcoin and crypto will skyrocket like never before if elected president.

• Bitcoin is not threatening the dollar, the current U.S. government is threatening the dollar.

• The United States will be the crypto capital of the planet and the Bitcoin superpower of the world.

• Bitcoin stands for freedom, sovereignty, and independence from government coercion and control.

• I pledge to the Bitcoin community that the day I take oath of Office, Joe Biden and Kamala Harris' anti-crypto crusade will be over.

Well that’s weird… was there no special guest?!

Looks like it maybe Elon Musk

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That would be wild. Who know?

Might need a second if it delays much longer 😅