Bears on parade right now. It won’t last long. These are the same people who have been calling for bitcoin to zero for the last 15 years lol

I’ve been anon on Twitter for years. I spend way too much time there. I’m going full nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpr9mhxue69uhhxetwv35hgtnwdaekvmrpwfjjucm0d5q3samnwvaz7tmswfjk66t4d5h8qunfd4skctnwv46qu7vtcc and deleted my Twitter. I’ve always hated nostr but it’s time to give it a shot.

nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgpzfmhxue69uhk7enxvd5xz6tw9ec82cspz4mhxue69uhk2er9dchxummnw3ezumrpdejqk2n55u , you seem like a smart dude. I agree with just about everything you say. And I would agree 99% of the crypto market cap is shitcoins. But I would encourage you to look at Kaspa. Fair-launched, POW, L1 with smart contracts in August. It won’t replace Bitcoin as a store of value, nothing will, but it will scale on the base layer. Stable coins, messaging, RWAs, etc. Anyway, my challenge to you is to critically assess. Most Bitcoin maxis don’t. I tried Odell yesterday and he said it was a scam without explaining to me why.

Everything is shitcoin compared to Bitcoin.

This is a car I’ve always liked. The 2005 ford GT.

I was watching a video about it and the guy said it was an “investment grade vehicle”.

So I ran some numbers. Good models go for 500-700k and he expects them to trade for 3.5 million in twenty years.

A 6x seems pretty good right?

The Saylor number is 13 million a coin over that same time.

Spend 5 bitcoin on a car you make 6x on?

Or wait and buy 18 of these cars later.

The decision is obvious.

The 2005 ford GT and every other “investment car” on the planet is a shitcoin.

Still a great looking car though.

If you showed 100 Americans a picture of a steak vs a picture of a seed oil-laden protein bar, I’m guessing that at least 80% would choose the protein bar as the healthy option.

Similarly, fried eggs vs a granola bar.

Pseudo-nutrition marketing is extremely powerful and misleading.

We’ve been seriously duped… much to our own detriment.

Discuss.

Historically-speaking, yes, this could signal that we are nearing the end of the business cycle.

However, the confusing part of the current cycle (confusing to me, anyway) is the fact that ISM has been essentially sub-50 since 2022... that is, it hasn't even recovered yet.

I see two primary possibilities:

1. ISM has a very quick, sharp recovery to 55-60 in 2H 2025 and the bull market in risk assets crescendos, with bitcoin (and crypto) rising exponentially. If this happens $475k could still be in play in 4Q 2025... although this is increasingly unlikely.

2. The economic cycle extends into 1H 2026, at least, which could extend bitcoin's (and risk assets') bull market beyond the "expected" four-year cycle.

I think that the unusual business cycle--historically-speaking--is the primary explanation for the unusual price action for bitcoin so far in 2025. If the business cycle (as reflected in the ISM) remains relatively dampened and/or elongated, this will likely be reflected in the USD price action of bitcoin.

So... I am watching it with great interest.

If I'm not mistaken (and I often am), we are entering the "crypto season" portion of the bull market.

Remember, proof of stake (PoS) crypto has nothing relevant to do with proof of work (PoW) Bitcoin, and has everything to do with the existing fiat system, from whence it came.

Fiat-brains and crypto bros are one and the same.

Both think that their system and products have intrinsic value and, correspondingly, both will use their waning purchasing power to drive up segments of their fiat/PoS crypto assets.

Let them.

They are speculating and gambling in a dying casino while we are building a better world for posterity.

Some of these assets will even outperforming bitcoin for a season.

That's okay.

Be content with your situation and keep helping those around you, who are still blinded and influenced by the fiat-brains.

Don't get in arguments or waste your time yelling at crypto bros.

Take responsibility and do the work. This is what adults do while the children play and goof off.

As nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgeyqy52 often says, "Stay humble and stack sats."

Relax. Stay focused. Build.

Bitcoin is better money for a better world.

Onward and upward.

GM.

As a private pilot, I understand aviation safety. My point was that safety, however small the margin, shouldn’t be tied to wealth as a principle.

Not always. IIRC Air India for example struck tail first due to a positive nose attitude. There are some studies about this, I think the best seats are in the middle-ish, but still thin chances of survival.

In the back, your odds of surviving a flight stay go from 0.9999998 to 0.9999999 but your odds of getting off the plane within 5 minutes of arriving at the terminal go from 0.99 to 0.05.

NB: I made up these numbers.

Safety should not be a privilege of the wealthy. Just as little as privacy.

Steak and shake has done more for Bitcoin adoption than microstrategy has

I said it before and I said it again, the discussion about Bitcoin protocol development should've never taken place on a platform that amplifies anger and outrage by design.

The problem is not the platform, its the people

can I eat these

I haven’t orange pilled anyone in a long time.

Feels good.

assume everything you have on you will be searched at every border crossing

I thought that was what nostr:nprofile1qqsgt0d4sa0pz0wvn9yck36xxezf3qhwzksu0q254vruqed5wvuavuspr9mhxue69uhhyetvv9ujumtfde5kymmvwshxjmnxduq3gamnwvaz7tmzd3shxarj9enrw73w0puh5fjxtj8 was for

Being a millionaire takes on average 7-10 years and is

something anyone can do.

You just have to want it.

We are now 2 years in to Bhutan's Bitcoin Strategic Reserve experiment.

That means we now hae some good data on how it has affected the economy.

For context: Bhutan have formed a large Bitcoin Strategic Reserve by using their surplus renewable hydropower to mine Bitcoin.

The IMF warned that nations embracing Bitcoin would destabilize their economy, be less effective at attracting foreign direct investment, and endanger their decarbonizing and environmental initiatives.

What does the data say:

1. Bhutan's Bitcoin Strategic Reserve has directly addressed pressing fiscal needs. "In June 2023, Bhutan allocated $72 million from its holdings to finance a 50% salary increase for civil servants"

2. Bhutan was able to "use Bitcoin reserves to avert a crisis as foreign currency reserves dwindled to $689 million"

3. Prime Minister Tshering Tobgay in an interview said that bitcoin also "supports free healthcare and environmental projects"

4. Tobgay also said their Bitcoin reserves helped in "stabilizing [the nation’s] $3.5 billion economy"

5. Independent analysts have now said that "this model could attract foreign investment, particularly for nations with untapped renewable resources"

Considering how the IMF analysis was not just wrong, but roughly 180° off target, it begs the question, was the IMF's predictions ever based on data?

Or maybe they just possibly had another agenda in predicting the adverse impact of any nation embracing Bitcoin?