GM PV

All of the laws will be broken the day there is no one selling bitcoin for fiat shitcoins.

Exchanges are running out of bitcoin to sell.

Soon

Wow! I’m overwhelmed by all the welcoming messages and those trying to help me with the wallet situation. So much appreciation for you all! I’m actually going to be driving a lot of today, but I’ll try and thank each of you individually once I get to a stopping point.

And, I’ll try and figure out this wallet thing. Your thoughts, alone, and wanting to send me zaps is special in itself. Thank you! I really did think it was set up already through Fountain (Phantom) and would carry on over here. Again, I have lots to learn, still. Thanks for your patience!

Yea sure… but I’d still like to enjoy the perks of life, and need a shit ton of sats for that, ha

Good morning

We do live in a simulation (of sorts) that we each create (whether consciously or subconsciously) through our thoughts, words and actions.

Fortunate to be playing/building it with you.

#Nostr

#Bitcoin

I don’t know what most of this means but I like RFK jr!

Some day I will tell my grandchildren I made millions shitposting and meming on Nostr

This is a good short story on how to not get engagement on Nostr.

nostr:note1z36uj3kp8affz82tkpdlp4h40p2mktdejxs7dm8x8620xexqqnvssfqhj0

The fed printed money because of the high % of interest of the Japan economy. For them high is above 0%

Like and share this post if you’re ready for the #Bitaxe 600 Gamma!!!

Solo mine Bitcoin with:

•BM1370 ASIC chip.

•Hash power of 1.2TH/s

•Power consumption of 15W/th

The most powerful single chip #Bitcoin miner is almost ready to be produced

How I felt as well 😅

TLDR Moon chart 🤣

Like and share this post if you’re ready for the #Bitaxe 600 Gamma!!!

Solo mine Bitcoin with:

•BM1370 ASIC chip.

•Hash power of 1.2TH/s

•Power consumption of 15W/th

The most powerful single chip #Bitcoin miner is almost ready to be produced

One of the big macro questions is when will the US banking system run into the liquidity floor, requiring the Fed to end quantitative tightening? Due to current regulations and the "ample reserve" regime, banks generally have liquidity requirements relative to their overall size, and their overall size keeps growing nominally.

-Big banks ran into the liquidity floor in September 2019 at $1.5 trillion with the repo spike, and the Fed had to end quantitative tightening and resume mild quantitative easing (which was then overshadowed by the giga-liquidity-bazooka in 2020/2021).

-Smaller banks ran into the liquidity floor in March 2023 at $3.0 trillion (the new floor) with the regional bank crisis. Both the Fed and the Treasury provided liquidity in response, although the Fed has maintained quantitative tightening. Liquidity has been maintained above that level without being greatly elevated, which is probably what would have happened post-2019 if not for the pandemic/lockdown stuff thereafter.

The New York Fed thinks the liquidity floor will be reached sometime in 2025, and that they'll go back to gradual balance sheet expansion then. Andy Constan, formerly of Bridgewater, thinks it'll be late 2025. I debate him a bit on this since both of us cover this closely, and I generally think it'll be mid 2025, although there are enough moving variables that neither early 2025 or late 2025 would surprise me, so conservatively I say "by the end of 2025."

I was talking to a large institutional investor today, and he said that his contact who is a major repo operator at an investment bank, thinks the current floor is now $3.3 trillion, which is roughly where it is currently. That basically means any further quantitative tightening has to be offset by reverse repo drainage, or they'll have a repo issue and the Fed will need to end QT. My estimate is somewhere in the $3.1-$3.2 trillion range for the liquidity floor, meaning I think there's a bit more room than that repo operator. But either way it's pretty tight.

This is all kind of rambling but generally when that liquidity floor is reached and is responded to, it tends to be good for a lot of liquidity-driven assets, including bitcoin. And it'll probably be with a whimper more than a bang, kind of like the September 2019 repo crisis that nobody other than macro nerds remember.

What don’t we have enough of and need more of in this world?

ANOTHER UPDATE:

Bad news frens, gonna have to postpone it til tomorrow!

day just got busy af nostr:note1ethhaesyg4jlnyexj3lkmtwe5ct2wmlpvmepk5d5vmfvkj4tupjq79mmlu