Lately we're seeing on nostr:

* 10,000+ daily active trusted pubkeys

* 20,000+ weekly active trusted pubkeys

Let's aim to 10X it in 2024!

Global M2

It's time for some gale force tail-winds (y-axis is log).

I do not regret spending sats on a quality coffee/espresso machine

This bitch sparks hella joy

#m=image%2Fjpeg&dim=768x1020&blurhash=_PH_Y%25%7EpxvxtW%3Ft6og%3FGR*M%7CxabIt7bH0Ms.%252j%5BV%40WBRj4pxa%25LbHV%3FRjRjoejZRkjtaej%5Bj%3F-%3ANGRiRjRkoeofR-RQadWBazoeWXM%7CRjRjoLxaj%5BjZRiWBWEs%3Aozj%5Doe&x=373a813586d4e0ae0889ea0a60b9f72adce0eda99e245d299c14af2a29b127b7

Basically anything that sponsors Peter's show should be avoided like the plague

Gm norstr

BLOCK 819149

20851 blocks to halving

10m 22s avg block time

129/144 blocks last 24h

1.29GB unconfirmed txs in memory

26 sats/vB priority fee rate 👀

Boiler of oceans, destroyer of pools

Needs an amount.

Bitcoin is more correlated with global liquidity than any other asset I track. Liquidity doesn't generally tell you the *magnitude* of what bitcoin's price will do, but it has a pretty strong push/pull on the *direction* that bitcoin's price goes in, all else being equal. It's not the only variable, but so far it has been a meaningful one. The mechanism is that it affects the rate at which new external capital tends to come into bitcoin.

Bitcoin supply halvings are an expression of its hardness. And the direction is always harder.

Global liquidity is an expression of fiat currency hardness. Usually it gets softer over time, but with brief periods of hardening. And fiat currency is much larger overall, so it affects a lot of asset prices including bitcoin. Due to bitcoin's inherent moneyness (lack of earnings or other dynamic factors) it tends to correlate to liquidity more tightly than other assets.

trusted third parties are security holes - custodians can rug you without notice - learn how to hold bitcoin yourself - become unruggable 🫡

GM

🤙