I’d love to see how you made this, looks delicious!
Could it be that Clinton / Gingrich are the best American political tandem since 1971?
Yes, Trump was even bad even before the covid response. Both sides need the money printer brrrrring, neither side wants smaller government.
The implications of this are critical. If there is debt against the asset, the debt gets paid - IN FULL - before equity claims are paid.
In a world saturated in more debt then there is future asset value, there is no equity in that system.
We see this show up in the claims on individuals’ productivity both in explicit taxes (income, property, sales, capital gains, etc.) as well as indirect taxes (inflation). The debt taken out by prior generations and large institutions without personal liability for the payment of the debt now has a priority claim on humanity. It must get paid off first.
Freedom is akin to equity. Anything above and beyond the debt is ours to keep. Unfortunately, because of the legal definition of debt, there is less equity value / freedom in the world today.
We’re all subject to the debt commitments we had no part in making.
📈🔥🚀
Every company can’t employ this strategy. As the strategy gets crowded, the market will function similarly to debt markets … at the extreme, if ExxonMobil decides to deploy it, then capital will choose them over Marathon bitcoin mining doing the same strategy. The stability of cashflows is paramount to the fiat debt to build a treasury reserve strategy and bitcoin miners have nearly the opposite dynamic.
The MicroStrategy #bitcoin playbook works for companies with steady, recurring cashflows. SaaS works. Oil and gas E&P works. Logistics works.
Bitcoin mining? Not so much. Cashflows are too volatile to cover the debt obligations.
I’m skeptical of MARA’s recent announcement. Makes me think they’re working to offset some short term liquidity issues. Also, they’ll use the added liquidity (if they can secure it) to ride this next bitcoin bull run and likely enter into a different business (i.e. energy).
But the MicroStrategy playbook works because MicroStrategy can DCA and smash buy without reliance on bitcoin price for their cashflows. This won’t end well for MARA without some major adjustments to their business model.
A friend of mine asked, “what are they REALLY going to do to him?”
I’m very interested in the answer to that question and hope he calls their bluff. Judging from his response on Twitter, I think he just might be daring them to do something tangible.
He knows The People are with him.
What are your thoughts on what is taking so long with the sovereigns? Specifically the Middle East, I thought they’d be among the first movers. Even more specifically, Iran since they are among the most impacted by the consequences of the dollar’s reserve status.
When is nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z going to get a segment on CNBC’s SquawkBox?
nostr:note15l2mmh087h5atp0z927576wskrg7dvar7x88nhrdd8n27x7hygkq88lhkr
Are you referring to selling or dying? Unclear by your message.
Deleted my Twitter, Nostr only now. Thanks for the push, nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
Hi everyone
Glad to have you over here. What’s the secret to getting more followers so quickly?
We need more of the content you and your peer group share on Twitter over here. Lots of good vibes but the content is dramatically worse than on Twitter.
I just created this key so that I could be myself on NOSTR. ‘Nyms are fun but we need some legit content here too.
Thanks for coming over and posting.
In 1971, the world moved from a gold standard to a real estate-backed credit standard.
I think we might need to lower our time preference. Look at the challenges facing Twitter right now…and they have advertising. Our alternative is buying bitcoin with the dollars being spent on NOSTR development. Growth isn’t the goal, quality is.
Miners have to be feeling this low hash price … how many secured flexible credit financing (i.e. revolvers) to weather the immediate post-halving storm? If everyone has the fiat financing, does that just stave off the mass capitulation for later?
I’m fully accepting that far left-groups, many of whom are my friends, will be some of the last people to “get” or be willing to accept the reality that #Bitcoin is here and not going anywhere.
Often times I find they have a cognitive dissonance that allows them to decide, on behalf of the world, that something is bad when in fact…it’s not. This is often due to their leaders and mentors speaking against Bitcoin, faulty data, or some sort of ideological dismissal based on some of Bitcoin’s loudest proponents. I would also argue many that have found a “home” in bitcoin’s “community” did so not based on principles and the fundamentals of Bitcoin, but rather some of it’s louder right wing and libertarian culture. You see this because many who I saw giving lifestyle maximalism arguments two years ago have already come and gone, and are evangelizing for other crypto projects now.
But, back to the left When presenting how Bitcoin is the antithesis to authoritarian governments and failings/predatory and exclusive nature of central banks, there isn’t an argument to stand on that THAT is better than Bitcoin. It’s not.
And entry to some from the far left to Bitcoin may actually (don’t shoot the messenger) be crypto. They may feel a sense of community they agree with in another crypto project, or a fundraising effort, etc., but then describing how xyz crypto project is actually not as decentralized as they may think, or secure, or its monetary properties are actually far less-superior to Bitcoin
I just think all roads lead to Bitcoin, in the end. Or at least I’m willing to have that debate. I believe Bitcoin is going to consume the world, and I’d like everyone to understand and be as prepared as possible for this*
*these thoughts were provoked from nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx and nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj frequently thinking through how bitcoin may grow more adversaries as it grows across the world, and as people feel left out or not “early adopters”
Do you think that if the Left was more aligned with the Democratic platforms of the 70s-2010 that you might have better luck convincing them that bitcoin circumvents the power of a large government / corporate machine oppressing the freedoms of the individual?
Soon after Occupy Wall Street, it feels like the Left aligned itself with a “govern me harder” platform vs. the previous focus of policies that prioritized the individual over the corporation.
Through the prior lens, pockets of Democrats might have been among the first groups to “get” bitcoin (i.e. Rage Against the Machine). However, now that the D platform aligns with a government / state-aligned corporation … a threat to centralized control is counter to the Left’s current priorities.
Taleb has serious Bitcoin Derangement Syndrome. He violates two of his key ideas in this clip: (1) he’s dismissing btc on the basis of its volatility, the very trap that he talks about in Antifragile, and (2) dude is sharing his opinion without taking a long or short position on btc - skin in the game or GTFO. He once had great ideas but his hatred for bitcoin has destroyed his ability to act rationally.
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