If you’ve watched the Big Short, you’ll know the scene when the traders just cannot figure out wtf is going on

- They can see the over-leverage

- They can see the synthetic demand

- They can see the incumbent arrogance

Yet the market hadn’t done what they expected

- People were still buying houses

- Ninja loans were still being issued

- CDOs were still being allocated

What’s missing?

Time

Time in the market

They were directionally correct

- But things weren’t bad enough

- It wasn’t broken enough

- They hadn’t kicked the can far enough

What if that’s where we’re at today?

Bitcoin is actually a raging BUY

“The Big Print” remains a “when” not “if”

The 4 year cycle thesis is duping people into selling too early

The “it’s an IPO” tradfi lens is making everyone docile

We’ve won…

But what if that’s total BS?

Digital scarcity has never been seen in the wild before

What if endless money gets warped into a Veblen good like never before?

Price goes up. Demand goes up…

Q2 next year could be proper fireworks

HODL friends

HODL

Dunno how to answer this coming from someone named tony fiat.

#Bitcoin Twitter is a decade ahead of the rest of the world.

- nostr:npub1pmculr9mxk2t6ns80ln765kdameetys722altpkh23gag9qftzhsqlxxyw

#BitcoinTwitter

I keep feeling this dread that A.I + surveillance + drone warfare is going to unleash unspeakable horrors on the world sometime in the next twenty years.

And just like WW2 it will be precipitated by economic collapse.

If we don't diagnose and treat the core of the problem, people are only going to continue moving closer to the polar ends of the political spectrum.

Broken money is at the core of today's issues. Until that is widely acknowledged nothing will get fixed.

nostr:naddr1qvzqqqr4gupzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qys8wumn8ghj7cnfw33k76twd4shs6tdv9kxjum5wvhx7mnvd9hx2tcpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qqlvf5hgcm0d9hz6argv5khqetpvdjkvatv946xs6tjvskhqct5dq0g9krf

NO, DON'T STOP POSTING WHAT IS ON YOUR MIND. I REALLY MEAN IT. ITS IMPORTANT TO HAVE THAT DIALOGUE

Ideally, wheat should be milled into flour just before it's used to make bread, pastries, or pasta.

Similar to coffee: preground product accelerates entropy, losing flavor and nutrients, and invites mold, which loves the soil-like substrate of ground coffee beans and milled wheat.

🍞🍝🥧

#Peatstr

Instead of asking AI a question and dumping the output on nostr, read what it says, think about it, and post a note with your own thoughts.

Or not, you do you, but you got a good brain on you, trust, it’s better than a litany of AI slop.

GM☕

As much as I would rather things be peachy

"moving past this"

when you have a default reference implementation of Bitcoin

is actually blanket vote for Core to do whatever they want.

Having just one reference implementation of Bitcoin is a weak link that has worked up until now because trust was upheld.

When the social contract (not respecting the Bitcoin community's wishes) is broken this is no longer the case.

In mid-September the bitcoin network sustainably surpassed 1 zettahash of hashrate on the network for the first time.

In the six weeks since then it's added 100 exahash.

To put that in context, bitcoin didn't reach 100 EH/s for the first time until January 2020.

The pace of hashrate growth right now is mind boggling. And we're due to have a 6.6% upward difficulty adjustment in about six hours.

To anyone reading this wondering what all this means, it means that we're witnessing the exponential growth of the bedrock of the future monetary system.

A monetary system that melds the physical and digital worlds to bring us a scare, transparent, divisible, portable and extremely liquid bearer instrument that has separated money and state.

I wouldn't sleep on this.

nostr:naddr1qvzqqqr4gupzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qys8wumn8ghj7cnfw33k76twd4shs6tdv9kxjum5wvhx7mnvd9hx2tcpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qprvf5hgcm0d9h8xttgv9eksunpw3jj6emjdamhg6pdd9hz6cm0de6x27r5ewjw4z

Nation state hash rate.

got some time with the new trezor this weekend

the build quality was very impressive

this gave me a boner

📲 [ Just iN ] 🏀 Portland Trail Blazers coach **Chauncey Billups** and Miami Heat guard **Terry Rozier** have been arrested as part of an FBI investigation into illegal gambling. The announcement comes amid scrutiny over suspicious betting activities. #NBA

#GSC360 🌐 #Sports

Wall Street is desperately searching for “assets” to protect them from the debasement of their money while completely missing that they don’t have to anymore because now the money is the best asset.

Traders will be traders though and each will find in their own time.

#bitcoin