Space OCTOPI 🐙 is the way to win. 🥇 Leave the rest on Earth.

🌍 🤣🫂🔭🪐☄️🛸👽🛰️🚀🧑‍🚀👩‍🚀👨‍🚀👾✨⭐️🇺🇸🌟💫☄️🌠🌌

Good ones.

I’ve got like 150,000 Satoshis I want to give away before the end of the year. Shill me your good works.

Miracles are not contrary to nature, but only contrary to what we know about.

it's completely over for openai. in the past two weeks, google has completely taken over this llm/generative ai space.

now they've got the best llm, flash 2.0, the cheapest capable flash 8b, the best video generation model veo 2, and today they even launched "thinking" model with an open chain of thought.

this all happened in under a week. it's completely over for openai.

WOULD STACK THIS DIP BUT ALREADY ALL IN.

I don't understand this argument that we need to onboard 8 billion people for Bitcoin to be successful.

kyc-less open ROM phone with flate-rate global roaming

satellite-powered internet

daylight computer

nodes at home

self-custody lightning address

mobile lightning wallet

NFC tap signature card

DRM-free e-book packed with content

basement-dwelling small modular nuclear reactor churning out unlimited abundant energy

BBQ off-set smoker packed with hickory wood

martini is ice cold

It is defeat. Will Bukele accept the terms?

I didn't realize there were such loopholes. Thought it was only legal tender in El Salvador.

I agree with all that. Only part that was concerning to me was the “transparency, regulation, and supervision of digital assets will be enhanced to safeguard financial stability…” 🫣😬 The people I bet are going to misdirect some of their frustration with that part. If they even care about that like we know they should 🫤🤷‍♂️

It's not a huge loss. Not great, but still a Bitcoin friendly country. According to that fragment most policies are on the line of detaching government involvement with Bitcoin, but not from individuals. That's the important part.

Seemingly bent the knee to get more Dollars.

Thought experiment.

Option # 1

Let’s say you have 10 bitcoin and we hit 2 million in the next few years.

You’re tempted so you sell it for 20 million dollars.

After taxes you’re be left with 16MM.

Which you use to comfortably generate 1.2MM a year in the tradfi markets.

So you take the money and retire.

Bitcoin crashes 60% back to 800k.

For a few years you feel like a genius. You enjoy your new rich person lifestyle.

You even buy back a few bitcoin. 2 to be exact. 20% of what you used to have.

Then bitcoin rises over the next decade to be worth 50 million per coin.

You’re worth 120 million now. And you decide to sell a little over half a coin and upgrade your lifestyle again to be able to generate an additional 2 million a year.

You’re now on paper worth 120 million, you generate 3.2 million a year (266k a month) and you’ve been largely stress free for the last decade.

Your kids will inherit roughly 1.62 bitcoin from you upon your death.

You have some level of regret about not hodling through, but you’ve been largely stress free and the mental health benefit was worth it in your mind.

Vs.

Option # 2

You have the same 10 bitcoin but you Hodl them.

Your stress levels are persistently higher.

You also decide to retire when Bitcoin hits 2 mil, but you decide to do so in bitcoin terms.

Your plan is to sell a little bitcoin as needed in order to fund your lifestyle.

This is roughly 1-3 million sats a month. Depending on bitcoin price.

Over the course of 10 years you end up selling or spending 2.4 bitcoin and are still left worth 7.6btc when bitcoin reaches 50 million.

Your net worth is 380 million.

You’ve reduced your lifestyle in bitcoin terms down to a million sats a month. (500k) or 6 million per year. You’re 46, Assuming you live until you’re 90 you will pass down 2.32 bitcoin to your kids.

You have no regrets about the way you played it, but your stress was consistently higher and there were a few scary months along the way.

Which option do you choose?

1 or 2?

Agreement between El Salvador and the IMF (at end of this post)

It’s really a battle between ledgers: Bitcoin vs USD. Legal Tender and Taxes are the two control points of any state entity. When you don’t issue your own currency, or your debt is denominated in a foreign currency your bargaining position is severely weakened, as is the case for El Salvador. Eventually an equilibrium point will be found.

Agreement text:

“Digital assets. The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies. Legal reforms will make acceptance of Bitcoin by the private sector voluntary. For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined. Taxes will only be paid in U.S. dollars and the government’s participation in the crypto e-wallet (Chivo) will be gradually unwound. Transparency, regulation, and supervision of digital assets will be enhanced to safeguard financial stability, consumer and investor protection, and financial integrity.”