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Lau
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#bitcoin #nostr

ETF expectation: institutions adopting the paradigm of hodling.

ETF reality: traders trading the ETF at the first sign of marginal profit.

https://nostrcheck.me/media/public/a39979a7d93b0ce3f507654d2faf32d49e12542f8f471840b86b533d3121bf16.webp

Jupilers > Jupiters

That's what I said when I first heard dragostea din tei. Guess what? They didn't stop.

Dear Gary, somebody else has your nsec. In fact, nobody on X owns their own nsec.

Great, trying not to get distracted from having fun. I just visited California to see some friends, that felt good. Now making plans for a better use of my time.

Yes, the sign is that you don't want to be an employee and want to start your own business.

The imagery is hilarious in my head 😂

This is my list of book recommendations of books I've read recently. I left out the titles that weren't interesting to me, like the Mandibles and some others I don't recommend. What have you read lately that you think is worth anyone's time?

Non violent communication - Marshall Rosenberg

The Law - F Bastiat

Broken Money- Lyn Alden

The Politically Incorrect Guide to Capitalism - Robert P. Murphy

Permanent record - Ed Snowden

Doors of perception - A. Huxley

Principles of Economics - S. Ammous

Walden and on the duty of civil disobedience - Thoreau

Early Austrian economics - Israel Kirzner

The blocksize war - Jonathan Bier

The tipping point - Malcolm Gladwell

Check your financial privilege - A Gladstein

The theory of money and credit - L von Mises

Keynes Hayek - Nicholas Wapshott

The Infinite Game - Simon Sinek

Bitcoin is Venice - A Farrington & S Meyers

A history of money and banking in the usa - MN Rothbard

The Revolution - Ron Paul

The history of money - Jack Weatherford

Democracy: the god that failed - HH Hoppe

Economics in one lesson - Henry Hazlitt

The 7th property - Eric Yakes

The black swan - NN Taleb

Superforecasting - Tetlock & Gardner

The sovereign individual - Davidson & Rees-Mogg

The bullish case for bitcoin - Vijay Boyapati

Principles for dealing with the changing world order - Ray Dalio

Layered money - Nik Bhatia

Economics for real people - Gene Callahan

Rules for radicals - SD Alinsky

When money dies - Adam Fergusson

The price of tomorrow - Jeff Booth

The bitcoin standard - Saifedean Ammous

The fiat standard - Saifedean Ammous

21 lessons - der Gigi

Storm of Steel - Ernst Jünger

If This Is a Man - Primo Levi

I recommend this book. It's Bastiat's famous work he is so renowned for, what a wonderful human being. In the Law he sword the floor with socialism, his rhetoric lays bare all of the main dogmas and fallacies of socialism. You can listen to it for free on audible, only 2hrs at 1.2x.

What if Blackrock has been buying #bitcoin every day for a year now, what if they bought 1.5x the daily supply every day for a year. That would've cost them about $2B and gotten them 492,750BTC. This being the safest way to grow a stack without jacking up the price. At some point it might make sense to jack up the price so no other players are able to afford a similar sizable amount. It would take another $10B to buy 20,000BTC at an average price of $0.5M each to bring the Bitcoin price to $1M, making the total stack worth $512B. Nice ROI to explain the strategy with for those on the board that didn't understand.