To the average 500 of you who don’t interact with my notes, why are you wack?

If you still think we’re in a fractional reserve banking system, you’ve been misled. Since March 26, 2020, we’ve operated under an optional reserve system. That means banks aren’t required to hold any reserves, zero, and it’s perfectly legal.

Fractional reserve banking was reckless. Optional reserves are outright insane. There’s no individual metaphor for it because no sane person lives like this. If you thought the old system was fragile, this one is a house of cards in a hurricane.

This doesn’t lead to a stronger dollar. It leads to decay. Strength requires discipline. Bitcoin is the most disciplined asset on Earth and that’s why it keeps getting stronger.

Ask yourself: what do the cycles depend on more: Bitcoin’s certainty or the dollar’s instability?

And what happens if fiat fails while you’re holding fiat wrapped Bitcoin? Maybe it never happens. But if it does, and most of your “Bitcoin” is just an IOU, you’ve failed the one test that matters.

Cold storage is self sovereignty. Everything else is a gamble.

Luke is one strange cat

When we hit the "realizing absolute scarcity" part of Bitcoin adoption

The fiat price will go fucking ballistic

never has been.

THAT'S THE SPIRIT!

New Hampshire is the first state to pass vaguely bullish legislation allowing the state to invest 5% of its budget in cryptocurrencies with a market cap over $500 billion and precious metals. All I see as a step forward is bitcoin stacked.

While other states will no longer have first mover advantage; they could regain the advantage by adopting stronger, bitcoin first policies.

Everything bleeds against bitcoin, unless it’s working with Bitcoin’s wind in its sails. States and nations are bound to learn this like the rest of us did.

#NostrOnly :)

I think the big thing that soured me on Christianity early in life was the boomers and their worldview.

The boomers made everything about judgement and appearances.

Church wasn’t about the teachings of Christ, it was about being seen at church.

Being seen to be a “good christian”.

Meanwhile, constant gossiping about other families in the community. Adultery, divorce were common place.

The whole thing reeked of hypocrisy.

As I’ve gotten older I realize a lot of that shit was specific to the boomer generation and not younger Christians.