Nostr Web Client

Full Interview: https://ingoldwetrust.report/wp-content/uploads/2023/05/IGWT-23-Exclusive-Interview-with-Zoltan-Pozsar-Adapting-to-the-New-World-Order.pdf

Shared recognition. And real recognize real.

Replying to

ODELL

Exclusive Interview with Zoltan Pozsar: Adapting to the New World Order

Why do we all suddenly care what this guy and Larry Fink say? But we only care when they say nice things. When they say mean things its because they have bad motives. When they say nice things its because they are upstanding intelligent individuals.

Replying to

preston

It sure feels like things are about to get really spicy, huh?!

What did I miss?

Replying to

Jameson Lopp

In today's terrible news, results from my epigenetic testing suggest that I should avoid eating beef at all costs.

That just sounds like general bad advice from the medical establishment. Any specific concerns that were flagged?

Replying to

ODELL

pretty sure the path to hyperbitcoinization is constant rugs until most people self custody

And a good large scale rug pull needs at least 5 years since the last one so enough people have forgotten. And it appears we are more dumb than I estimated so need many more rug pulls before people finally learn. What I mean is, its gonna take a while.

Replying to

Pro tip: Smothering all of your food in ghost pepper sauce is the only way to live.

Just bought this. Can only eat one bite per 5 minutes as it takes that long to recover. The guy selling it to me laughed maniacally as he accepted my payment.

Replying to

Sometimes people say stupid shit like “in a world where bitcoin is a million a hamburger might cost a million”

This is overexaggerated hyperbolic nonsense.

Here’s how to think clearly about the world you will be inhabiting at bitcoin one million.

Let’s use my favorite example. A trophy property in any prime location in America is 20-25MM right now.

That’s a little under 1,000 coins if you’re looking to ball out.

By the end of this decade bitcoin will likely be trading above a million due monetary/fiscal inflation.

These properties will not sit idle at 25MM though.

They will inflate as well as they are subject to the same market forces.

Likely at a lower rate of 4-5x vs bitcoins 30-50x.

So while they become more attainable for bitcoiners. These properties will still cost 100MM + or in bitcoin terms 100 coins.

Better than 1,000 coins but still not exactly cheap.

Hamburgers will probably be $15. Shit, good ones already are.

As Saylor said, inflation is a vector.

Replying to

It is

Nice

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This was fun

Is that at Saylor’s crib? Looks like his style.

Replying to

Guy Swann

Today:

• Wake up, Uber to airport at 4:30am for 6:00am flight

• Wont let us check in for no obvious reason. Need to talk to agent

• Get in line for agent behind only 5 people

• Wait in line for an HOUR

• The problem was that my home address wasn’t properly saved during ticket purchase and needed to be manually added

• Refused to print ticket because now it’s too close to the flight

• Spend another 10 minutes trying to find a new flight with 20-30 poor bastards standing in line behind us

• Get new flight for 12:40pm to Fort Lauderdale airport an hour away

• Decide to go home until then

• Get a text that it’s delayed until 4pm

• Get another text a little later that it’s delayed until 5:06pm

• Now I think we’re going back to the airport to deal with an agent to find any other flight

….

Literally unsure if we will get to Miami.

Hope you guys enjoy the conference! 🤣😅😭

Too late to consider driving? Flights were a mess during xmas so we just opted to drive 24 hours instead of dealing with it. May not salvage anything you had planned today but youd save the rest of the days.

Replying to

Jameson Lopp

Drank 1 cocktail 🍸 for the first time in months and it rekt my sleep. 😡

Eating healthy will make you feel shitty whenever you eat crap food. Not drinking and you’ll feel crappy with only one drink. Ultimately worth it though because you get to feel good all the time without those things.

Replying to

Brad Mills

I was really looking forward to speaking at and attending the Miami Bitcoin conference. I had a lot of great events lined up, but unfortunately I don’t think I’ll be able to attend anymore.

I was excited to announce ack.vc and start telling folks what #[0] and I are up to with ACK Capital (accepting LPs who are interested in getting exposure to early stage bitcoin, Nostr & p2p web/bitcoin adjacent startups.)

However, my mother-in-law was just diagnosed with Acute Lymphocytic Leukemia out of nowhere and she is starting chemotherapy tomorrow.

Everyone’s holding up good so far, but my heart is telling me to stay home.

So I’m going to have to forego the event and make sure I’m there to support my wife & daughter though this emotional time.

If anyone has any suggestions of podcasts or books I can go through to help my wife and daughter process the roller coaster of blood cancer, I’d appreciate some resources that helped you.

I’ll be attending the Canadian Bitcoin Conference coming up next month, and if you’re looking for funding for your startup, feel free to reach out to myself or NVK!

Sorry to hear that man. Hang in there.

Replying to

Filet mignon sucks and people that think it’s the pinnacle of steak consumption are brain dead morons of the highest order.

It is overhyped. But its still good.

Replying to

Jameson Lopp

Dropping a grand on epigenetic testing. Hope this isn't a scam!

Super interesting. Would love to hear about how useful you find this once its done.

Replying to

⚡️🌱🌙

Except it hasn’t scaled on other layers yet.

Thats not what is driving this demand for mempool space. It isn’t the much desired monetary adoption driving this.

This is a use case fork.

Bitcoins utility as a currency is weakened by its new dual use case. L1 is now dominated by ordinals.

If miners can make legal windfalls from selling shovels in ponzi’s, guess where they will steer the protocol.

Good thing miners don’t control bitcoin. 2017 called - it wants its FUD back.

Replying to

⚡️🌱🌙

Very kind of Bitcoin to allow scammers to monetise Bitcoins hard won reputation.

When ETH has high fees, everyone: ROFLMAO look at all the losers trapped in ETH.

When it happens to BTC, oh errr designed to do this.

Some intellectual honesty please.

High transaction fees are a major inefficiency for any financial system.

They are friction. Friction is bad.

Network needs much more agile resourcing to arbitrage the fees to converge near zero. Obviously doesn’t have that yet. Why pretend otherwise?

https://www.nobsbitcoin.com/bitcoin-defense-fund-is-backing-13-bitcoin-developers-fighting-csw/

There are tons of resources available on this - you should read up. In short, you can’t have thousands of main chain transactions per second and be decentralized. And if bitcoin isn’t decentralized its pointless. So the only way bitcoin will succeed in being usable for billions of people daily is to scale on other layers. This has been known for a long time now. So while it is unfortunate that high fees will prevent some people from using the network here in the short term it is an inevitable pain point to hit on the path to incentivizing more development on non main chain layers.

Replying to

ODELL