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"I Live 500 Feet From A Bitcoin Mine. My Life Is Hell" - Any thoughts on this? https://www.youtube.com/watch?v=m7_WDzPyoqU

If the predictions are right and Bitcoin will be worth a lot (and some of you reading this post are probably fiat millionaires now), aren’t you concerned about your current security? I mean kidnapping, robbery, and so on.

I haven’t even told my family that I’m holding Bitcoin, and I don’t want to be known as "that Bitcoin guy" to avoid unwanted attention. I’m specifically thinking about the case of the Ledger guy who lost his finger.

I tried Primal for the first time. Can't believe how fast it is compared to Coracle

"Temporarily." They all use the same tricks. It reminds me of my country's government raising one of the taxes "temporarily" in 2011 and not lowering it since then.

I don't know of any, but my first thought was that maybe these books will interest you: "Speculator" by Bitcoin supporter and anarcho-capitalist Doug Casey, and "American Kingpin: The Epic Hunt for the Criminal Mastermind Behind the Silk Road". The latter isn't a fiction story, but it's very well-written. There's also a Bitcoin connection because... well, people used Bitcoin for payments on Silk Road. Bonus points: both books have Polish translations.

Replying to Avatar Cyph3rp9nk

I love Arthur Hayes' analysis.

I excerpt this chart from his latest analysis because it is just great.

The green line is the Federal Reserve interest rates.

The white line is the MOVE index which measures the volatility of the US bond market. I love that you have exposed this index as it is one of the few I use. The MOVE index is important because we can measure through it the liquidity of the dollar system. A high bond market volatility, high MOVE, can indicate lack of liquidity, on the contrary, a low MOVE is synonymous with liquidity in the markets and stability.

For Bitcoin to rise the perfect storm is:

Liquidity in the dollar system (Fed Balance Sheet - (TGA +RRP)) + rising global m2 + falling MOVE.

Now comes the good stuff. The next indicator that the chart incorporates is a combination of excess bank reserves held at the Fed and other deposits and liabilities, the ODL which as Arthur indicates is a good indicator for commercial bank loan growth.

Unfortunately this indicator is only found on Bloomberg terminals and is key to bitcoin growth as it can measure commercial bank lending which is the other important leg of money creation, although such growth is included in the m2 (as loans end up in deposits or bank accounts), it is not isolated.

What Mr. Arthur explains is that the dollar system needs low volatility in its bond system in order to be saleable and to be able to finance itself, that leads us to need to print more and more money each time.

As you can see, from 2008 onwards the previous story gets smaller, the amount of credit needed to stabilize the system (low MOVE) is brutal. Again in 2020 we move up a level, and now in 2024 we find ourselves with high MOVE volatility that has to be reduced to stabilize the system.

We are on the verge of another Brutal money printing.

In the first moment I read Artur Hayek :d

I'm using Coracle and to be honest, I would like to see some kind of post recommendation algorithm. I stopped adding new people to follow because the feed gets longer, and when I don't read (or rather scan) it to the place where I finished last time, I get this strange feeling that maybe I'm missing some important notes.

Of course, I read those notes about how great it is to have this raw, untouched, unmodified feed on Nostr, but I would like to have a choice to get some recommended posts on days when I have less time to read. Do other Nostr clients have recommendations or feed sorting features?