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This Guardian article about Hermès Birkin bags (https://www.theguardian.com/fashion/2024/apr/10/birkin-bag-hermes-lawsuit) caused me to reflect on artificial scarcity vs absolute scarcity:

"Kris Jenner walked into [Jeffrey Berk's] pop-up shop in Aspen, Colorado, and told him that she and her daughters could not quench their Birkin thirst because 'no matter how much they were spending, they could only get two bags a year – it was a hard and fast rule'".

I wonder if the Kardashians have joined the dots and are hodling? Only time will tell…

#bitcoin

Cheers fella, glad I could put a smirk on your face. Have a fantastic day!

Replying to Avatar BankSith

Study #bitcoin here:

https://21st.capital - Bitcoin Consultants for a Growth Mindset 🇦🇪

video: "Tween twins, a crazy granny and a time-traveling wheelchair. This show teaches kids principles of freedom & government." @Tuttle Twins TV 🧡

#21stCapital #inflation #education #friedman #zimbabwe #tuttletwins https://video.nostr.build/043db4f4de145c4808cb9df14ba0e6fd7a670dd7a05de49009c67fa9d393d740.mp4

Love me some Tuttle Twins. Their episode on the history of money and bitcoins place in it is brilliant!

https://www.youtube.com/live/_ekzsZZGfsk?si=ItW7Eq-IKOgBXrG1

The debt is raised using unsecured convertible notes. This gives max flexibility to MSTR and doesn’t restrict its ability to sell BTC if it needs to. If I were Saylor I would not touch the BTC and just convert the notes to equity if I’m not in a cashflow position to redeem.

https://www.microstrategy.com/press/microstrategy-completes-603-million-offering-of-0875-convertible-senior-notes-due-2031_03-19-2024

Coming into autumn. My favourite time of year! #dogstr

To paraphrase Mark Twain, always tell her the truth. That way you don’t have to remember anything. Seriously good luck - if you’ve both chosen well your journey through life will be that much sweeter.

LOL I feel your pain. Just sold some gold last week only to see the price climb immediately afterwards!! I feel like a 🤡 but time WILL prove us right…

I agree with your assessment that governments *should* be stacking BTC, but the reality is that they can’t. Any imprimatur given to competing currencies like #bitcoin is an acknowledgment that fiat is flawed. And they can’t have that, sunken cost fallacy etc. I wouldn’t get too upset about the 30k BTC. Wouldn’t buy more than 5 F22 Raptors at current prices. 😁

I rewatched Charlie & The Chocolate Factory with the fam last night. This exchange of dialogue between Charlie and his Grandpa George really resonated with me (granted, I may have misheard some of this). Grandpa George was the OG Orange-pilling hodler…

Charlie Bucket: “A woman offered me $65,000 for my #bitcoin. Someone else would pay more. We need the money more than we need the #bitcoin.”

Grandpa George: “Young man, come here. There's plenty of money out there. They print more every day. But this #bitcoin, there's only 21 million of them in the whole world, and that's all there's ever going to be. Only a dummy would give this up for something as common as money. Are you a dummy?”

Charlie Bucket: “No sir.”

Not sure this turmeric latte belongs on #coffeechain, but what the hey…. Just happy my new #blockstream #jade arrived this morning!