Trusted societies are gone. Verified societies can and must replace them.

Mass #tariffs. Same playbook, different century. This time, though, we’ve got #Bitcoin. A peaceful exit from the madness. 🟠📉

So they kill you and nothing matters.

Our life is shaped by our mind; we become what we think. Suffering follows an evil thought as the wheels of a cart follow the oxen that draw it. Our life is shaped by our mind; we become what we think. Joy follow a pure thought like a shadow that never leaves.

#buddha #hindu #quotes #wisdom #spirituality #philosophy

Coercion, as always.

Promoted to Full Professor!

Promoted to Full Professor!

An open question in my mind: if Bitcoin reaches mass adoption and the overwhelming majority of participants are statist cucks using regulatory compliant services, can the ecosystem retain censorship resistance?

Most of the suffering you’re going through is because you keep telling yourself the wrong story over and over again.

You can at anytime start telling yourself a new story.

I remember back when Israel went into Gaza, and markets took a hit, bitcoin was down notably and many tradfi macro folks who I otherwise respect for good market analysis were like “Why is bitcoin down today? I thought it’s a safe haven, lol.”

Similarly, today when bitcoin is up amid market turmoil, the bitcoin bulls celebrate it.

I’d be cautious about all one-day moves. If you over-emphasize them, you risk looking like someone with a memory of a goldfish, or otherwise operating with selection bias.

However, a point I have made in the past, and will repeat today, is that there are different types of risk-off events. A risk-off event that hurts liquidity is likely to hurt bitcoin. A risk-off event that demands more liquidity, or that is unrelated to liquidity (eg tariffs attacking corporate margins), is more likely to benefit or at least kind of spare Bitcoin.

Focusing on Bitcoin as a risk on or risk off asset is first level thinking. People who understand it deeply and self custody it tend to view it as risk off period, for good reason. But not always in terms of price. In terms of price, whether it functions as a risk on/off asset varies based on what type of risk on/off catalyst it was.

This catalyst risks hitting margins, not liquidity, and thus so far the reaction makes sense. But it still pays to be careful not to celebrate one-day moves too much.

Cautiously bullish.

when your corn fluctuates by your entire annual salary in a single day and you don’t even flinch: stage 5 terminal bitcoiner.

My friend just posted this. Sadly, I think it may be true.

Gm

It really does take two cycles before you can truly feel bitcoin's freedom go up effects deeply

Whenever you start something with a statistically low chance of success, whether it's starting a business or writing a book or landing some dream job, it starts with unironically going through this filter: