GM☕️
"The exchange rate on tweets, is zero. I can't go get dinner or more sats with tweets" - nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr
I'll zap every response, towards your dinner, on this post.
Have Nostr New Year 🫡
https://www.youtube.com/live/UYvPdo8VHCA?si=sxNlzpbyekcFDXtv
HNY!
Roughly a third of the year we work is lost to taxes paying for wars we never approved and scams run by people exploiting the system.
https://video.nostr.build/e355c59c5a5a1b4734bc778a0bbfd725e58b5f4943d208a81c37a68d23d754aa.mp4
And they spend $1.30 for every $1.00 they’re taxing us. Awful and shameful
I’ve literally said the same thing to others. In societal breakdown / Mandibles scenario, I’d much rather have guns and ammo vs gold or silver. If society is intact, I don’t see how Bitcoin doesn’t win over time
I’ve literally said the same thing to others. In societal breakdown / Mandibles scenario, I’d much rather have guns and ammo vs gold or silver. If society is intact, I don’t see how Bitcoin doesn’t win over time
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx on recent RHR, were you serious about attempting to convert some BTC to gold? Was surprising to hear, but I’ve often gone through same thought process. How to buy, validate it, store it, fees on buying and selling, etc. I either stop there or buy GLD (warts and all). I just keep scratching my head here
This would imply China and BRICS nations are the likely buyers. You’d think there would be a corresponding move. Like US treasury spreads ripping. But the only thing down right now is Bitcoin.
I’ve had the same thought. But we’ve had war nearly constantly the past 30 years. Why is this time different?
I feel this every day. And I’m just getting more frustrated. Is Bitcoin really that misunderstood
Seems crazy to suggest…but are we seeing a rotation out of Bitcoin into precious metals? When is the last time silver or platinum were EVER up 10% in a day? This is just nuts
Been a really interesting two months. This price action is confusing and uncorrelated to pretty much everything. I can’t wait to learn what’s actually driving it
Sign up for River using my link and earn up to $100 in bitcoin
nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyg8wumn8ghj7mn0wd68ytnhd9hx2kz4jk3 Jack, always enjoy the pod. How do we reconcile what feels like a liquidity spell these past few months, with what is objectively an ATH in global M2?
FWIW, tons of liquidity in the commercial banking space. Spreads extremely thin and all credits oversubscribed, it seems.
I get it. I like the idea of an analog hedge to Bitcoin risks. But every time I think about holding bullion, I’ve almost always bought more bitcoin. It’s not perfect, but it’s so much better than most alternatives.
I do continue to think about building a gold stack, I just can’t get my head around securing it in a way that feels secure.
I don’t mean this in a snarky way. But isn’t “waiting on your money” via the USPS nuts? Subject to theft, govt seizure, etc. How would this not make you want to buy more Bitcoin
Gold is clearly a massive beneficiary of central bank buying. It’s the right asset for the current time: history of monetary use, embedded in the existing system, large market cap, easily and demonstrably controlled in the past.
Bitcoin may never receive the same benefit. But it’s clearly a huge upgrade for the sovereign individual: easily transferred, divisible and verified, not easily seized or controlled. For these reasons, central banks may never buy and accordingly we may continue to trail gold in market cap for a long time.
But who cares?! We have a near-perfect currency for humanity that will protect us from government debasement and theft. That’s more than good enough for me.
I really admire the effort and dedication. It will be worth it!
The one I bought was in solid shape but wasn’t a daily, so it had a lot of various problems when I got it. Exterior looks great, but engine was showing its age at 225k miles. So I figured, might as well bite bullet and make it my dream car. I’m also putting a 32 gallon tank on it and a bunch of other fun things.
Also a 1-HD! It’s currently on the water coming from Australia, and was also fully rebuilt. Are you doing all the work yourself?
Once the work starts, I’ll definitely post. It’s getting prep work done at Land Cruiser Heaven, currently.
I’d tweak this slightly. I think most Bitcoiners tend to be “truth seekers.” It’s also why we’re into all other kinds of weird subjects
Other ancient cultures have the same giant stones. They clearly either had “help,” or were more advanced with physics technology than we are
Thanks for clarifying. Fairly bulletproof in that case, but I guess the downside is they do that often enough or pause long enough that people start selling the stock classes and drive the price down.
Been asking this myself. I think it’s indirect, since all profits of the Fed get sent to the Treasury. So not directly funded by taxpayers, but through profits they otherwise didn’t receive. If the Fed can’t keep profits, I think that probably is the right treatment. If the member banks were sharing the profits, then they should have funded the building.
I would bet most of them are on Nostr
Loved Andor. If you haven’t seen the Justified series, I’d highly recommend
I agree with this, and I’m appalled by the horrible incentives it will create for the government
nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzfmhxue69uhhqatjwpkx2urpvuhx2ucpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gvqam0u Jack, on the last Mailbag Monday you mentioned not understanding why someone using Strike would want BTC interest vs being all in BTC. Here’s a quick example:
- work in finance. Industry standard is low salary and like 75% of total comp comes in a bonus once a year
- big family, big fixed costs and combined with low salary, the result is a monthly “burn rate”
- so I need to hold 8-12 months of budgeted expenses in something relatively stable to cover known expenses in the year.
- could do this in bitcoin, but everything outside of those 8-12 months of expenses is already in Bitcoin or otherwise invested. So this is on the margins.
Maybe you’d say put every dollar in Bitcoin, but with the big family it’s certainly peace of mind having that amount to cover < 12 mo. expenses in cash without the downside potential. Would be even better to earn some Bitcoin interest on that.


