Man, the plot is miles away at this point
You're just missing out on euphoria and hype mostly. Real newsworthy events aren't exclusively within X's walls.
2025 odds should be 33% nostr:note16u9e04u0yp0snjsaqdqgxkl759y7trsutcn2x3rfs4qr8z9ujkzqhe7mk2
Verifying my Nostr Nests identity: pKLfy0Hx58zP8jJ6IO-2GXX-xwu7BXv90WnoZxAfUsc
I appreciate the love ❤️
"We learn how one issue succeeded the other, how every time new names were invented to delude the people, solemn promises were made that henceforth the government should fulfill what it had charged itself with, and how the result was that again and again old debts were paid by incurring new in order to defer the impending bankruptcy of the state."
- On Chinese Currency, 1877
?t=162274484769Historic pace of Fed tightening = historic yield curve inversions. Cause and effect.
What is the best image host for mobile Nostr-ing?
Easily Brad. Follow the relays you want, then go to the relays menu in Damus and tap each one to see it's info and the link to its LN invoice page. Pay that and you're good to go.
All your zap bots are getting blocked because you tag 200 people in a single post and it destroys my notifications for days. Keep your 21 sats lol
Who y'all got? Bones or Gane?
I have a thesis that we will experience a recession and likely set new low prices in that time. The timeline is unclear, though historical modeling would suggest it comes later in 2023 or early 24.
Bitcoin has not yet experienced a real recessionary downturn, and this environment feels like one where previously reliable cyclical patterns are under attack. We are in a regime shift, globally, and these processes are volatile in nature.
But even with that thesis, I did not miss the opportunity to stack BTC heavily below $20k. When price is below Realized Price, below the 200-week average, when every on-chain indicator has signaled bottom, that means you should be stacking. I did not hesitate. It is what the bear market calls for. The corn I acquired at the recent cycle lows will set the foundation for the next epoch of wealth accrual. If we make new low prices, I will step up to the plate again. I remain flexible, open minded, and optimistic.
No matter what my medium term thesis is, the endgame is unchanged. Bitcoin is an asymmetric bet on the perpetual profligacy of the fiat system. The destiny of that system is singular and crystalline: debase until bust.
In the rubble of the crumbling edifice of money by decree, empty hands will reach for hard assets, as they have for centuries... There they will find the world's first borderless, decentralized, censorship resistant, unconfiscatable digital bearer asset. Where previous generations sought scarce physical commodities like rice, grain, silks, and precious metals, the next generation will find digital scarcity in Bitcoin.
People have attached paper substitutes to real forms of money for centuries. Bitcoin also has to contend with this inevitable construct, but you can protect yourself by having total sovereignty over your coins, thus negating counterparty risk.
Institutional adoption is one of the worst things that can happen for Bitcoin. All it can do is strengthen the correlation to tradfi.
Every effort is made by modern government to conceal from the people the fact that they are paying for a past, a present, or a future war.
All the haters who say nobody will ever spend #Bitcoin are going to have their wigs split when they catch zap fever.
#[0] silence