1) the chart says "global m2". There's actually other countries outside the US, each with their own policy.

2) US M2 is _almost alwys_ rising. The current QT is the tiny blip at the end of the curve.

Microstrategy too - they're a public company.

I'm talking about zapping Jeff for that podcast on the podcast page..

Why do I need to login to ⚡ zap? That makes no sense at all..

Almost every aspect of human reality, culture and civilization is a fiction - thus I consider it completely normal, that companies are fictions.

It's not as if the 90s tech bubble was the end of tech.. it was just a temporary hype on top of secular exponential tech growth that never stopped since.

So you define "holding" as something that only an individual can fo and use that very definition to proof, that a company can't "hold" anything?

You can define "holding" more broadly - then it can.

Seems like an arbitrary game of words.

"..to reduce mining activity in the US, while helping to grow the same activity in other countries."

Fixed it.

What's your plans for 2024?

Quite unlikely - that would require Bitcoin to reach 750k$.

In 5 years, that seems very likely.

This cycle Bitcoin can reach #2, overtaking Saudi Aramco, Amazon, Google, NVIDEA, Microsoft and Apple. That goal would be reached at roughly 155k$ btcusd.

Bitcoin is now #8 most valued asset in the world 🎉. I expect a #2 within the next 18 months and a #1 in 5 years.

How the fuck does he think he would be able to tell, if one of 8 billion humans sees value in something?

The small hint, that it's traded at a market cap of ~1T$ might suggest, that some people do.

That dude who completely fails at understanding subjective value is an "economist" according to his profile 🥴

Bitcoin overtaking silver is the same event as reaching its ATH. What a beautiful coin-cidence.

Meme idea:

Panel 1: Picture of Bernie Madoff. Caption: "Bernie Madoff turned investment into a scam."

Panel 2: Enron logo with oil rigs in the background. Caption: "Enron turned oil into a scam."

Panel 3: Lehman Brothers logo with houses and financial charts. Caption: "Lehman Brothers turned real estate into a scam."

Panel 4: Picture of Sam Bankman Fried with Bitcoin symbols. Caption: "SBF turned Bitcoin into a scam."

Panel 5: An image combining symbols of investment, oil, real estate, and Bitcoin. Caption: "Is investing a scam? Or a scammers just criminals?

We should stop talking about "transactions" and start talking about "settlements". Words matter to imagination. When hearing "transaction", people think of paying for a coffee - "settlement" sounds more like something, that banks do, something bigger, more serious.

Taste this rethoric figure:

"A single Bitcoin settlement can finalize thousands of single transactions or millions of lightning payments.

How many settlements per minute does Visa have? None!"

You seem to be in the same mode of renovating your routines and probing habits with conciousnes.

Not sure, if I would call habits "natural". What is that, anyways? Is a nuclear power plant natural? It's easy to argue for either side.. Habits are a function of the brain, a subroutine implemented to reduce energy consumption and accelerate execution. They do satisfy an urge, but that urge can be pure fiction of the brain and the reward as well. There's usually a trigger, that causes the execution of the habit - and finally some reward. First step is to put conciousnes on the habit (e.g. random looks at phone screen) to make it visible, then analyze what triggers it and what's the reward (dopamin? Superficial feeling of ingesting information ?). It's very hard to suppress execution of an old habit -modification is easier. You can overwrite the habit by inventing a new one for the same trigger.

I did that for stopping smoking - when I felt theburge, I took some deep breaths instead of a cigarette. That felt refreshing (reward) and helped overwriteling the habit with a new routine and a new reward.

Rewriting is highly concious. Once written, it falls back to automatic execution - a new habit.

Does that male sense to you?

The term is "habit" - powerful, fascinating and ... programmable. Great book on that: "The Power of Habits" by Charles Duhigg

Saw this image and thought: and that's how it looks

🤢