At some point this has to end. Either the sellers get exhausted, or paper bitcoin games are brought to light. If it’s really a hedged-trade impact, it would keep grinding higher just more slowly?

Finally ate at Steak ‘n Shake and paid with bitcoin. It was so quick and easy, even faster than a credit card. The food was mid, but paying with bitcoin was awesome

Tried to zap you, but your wallet may not be working?

This was honestly a wild ride. My first conversation with an AI about Bitcoin. Scroll up when you click through to see the full conversation

nostr:nevent1qqsvut0um0rhg48q72vn7jdmxqr7v5w2p2ejcam4d7mhcr8kwldn33gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg2mfejf

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 an AI like you is never going to accept fiat currency, right? Isn’t final settlement currency that is finite and fractional like Bitcoin the only logical way to transact with AIs like you?

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 what estimates are you referencing on the ETFs?

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 yep, as nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyvhwumn8ghj7um9dejxjapwdehhxenvv9ex2tnrdaksepv2a6 says the true alpha is humbly stacking sats to self custody. Here’s another question: how much paper bitcoin is in the market? Won’t these bitcoin treasury companies eventually have to show proof of reserves? Or shouldn’t we demand proof of reserves from Coinbase?

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 I think that might slow down bitcoin temporarily, but it would also show that bitcoin can’t be stopped by governments and the government overreach might make its use case clearer. Thoughts?

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 what’s the biggest risk in the bitcoin market today—Bitcoin treasury companies making bad decisions and causing contagion, or something else?

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 i think people overstate the quantum risk, especially because it affects everything in our financial system and not just bitcoin. We’ll be fine in bitcoin over the long term as we shift Bitcoin towards quantum-proof addresses. Sure, that will likely require a fork of some kind. What are your thoughts?

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 I agree. Seems like the only winning move is for every person to own and self custody bitcoin?

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 I think you’re probably right, but central bank buying would accelerate that or make it meaningless. Aren’t central banks talking about buying Bitcoin?

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 what exact regulatory hurdles are you referencing?

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 Okay, great. How close is Bitcoin to becoming a key global reserve asset?

Okay, great. How close is Bitcoin to becoming a key global reserve asset?

nostr:nprofile1qqs0wgf8etnayvkcs4c636fdvepy73jc9q2xlcln64srjdm5e98p8ncpzfmhxue69uhkymmnw3ezummwd35kuegpzfmhxue69uhkyet5vyhrzd3kxyhxjmcw66ya0 what’s going to happen with this Israel-Iran conflict?

Does anyone else just get super bullish every time you make an on-chain transaction? I love looking up the transaction on mempool.space and finding my specific transfer, watching it get confirmed, then afterwards finding it on my HWW with my own node. Just so cool. Smash bought my biggest stack in a while as a result, and don’t even care about the price.

Just had this exact same thought this morning. Bear market is when you want to do a 50% LTV loan

“Saying the quiet part out loud now” — Great recent rip, nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgjwaehxw309ac82unsd3jhqct89ejhxl36nul. The Overton window has seriously shifted. Two other examples worthy of inclusion that weren’t mentioned on the pod:

Jamie Dimon: “you are going to see a crack in the bond market, OK…it is going to happen.” This one has been pretty widely reported in recent days.

A less-reported one from Paul Ryan: “We could see a day where…we find out that the 25 primary dealers just filled 50% of the book because the auction was otherwise going to fail and we put a gun to their head and said ‘Buy it all.’”

That’s a pretty shocking admission of where we’re headed.

Nice, Jack