What I don't understand is how a move to 0.25% is triggering the trade to unwind. Is the carry trade based on the delta between US rates and Japanese rates? If so there is still a pretty big difference between the US and JPY rates so why now? I'm sure there is nuance I'm missing.

This is not related to my point, but I’m sorry if you don’t have any spare cash. You should stop using money that steals from you and that might change 😁

There is literally NEVER a time in which someone has “missed the boat” to buy something that will consistently grow in value by trading away something that will consistently lose value.

It’s simply crazy not too, they just don’t understand what it is and the idea of it just always rising in value seems absurd to them. Yet it’s perfectly simple and intuitive.

It’s like missing out on the best seats at the front the life boat and then saying “nah I’m just gonna stay on the sinking ship, the seats in the back look uncomfortable.” nostr:note1cysve6d9mkm4qhlnjlrj0v2ncq4vkdvxltxj8ws8mdmx3fmruuvs37jyf2

The convenience of KYC networks today is worth more than the damage I'd incur if a 6102 fully wipes out my KYC UTXOs

Mr. Wonka used milk in his chocolate for sure 🥛🏆🍫

LN helps but that's only one angle of many.

I'm more worried in the US about the justice department being used to try to execute a 6102 than the tax collector. But either one can feasibly ask the IC for support. Up until now, those asks have IMO been reserved for legitimate cases (with some exceptions), so I'm not particularly worried, but I'm not convinced the exceptions for those asks won't start to outweigh the legitimate cases in the future.

Some risks though are big, exciting, global, permanent enough that they're worth pursuing 😎

I give the necessary disclaimer that...the IC pretty much knows who my IRL friends are already, sometimes before even I do 😏. The sats I send them are still effectively KYC'd in our view, until they can break the chain on their side going forward (swaps, coinjoin.. a much bigger orange pill than a "split the bill" transaction at a pub 😉)

But that stuff doesn't stop me.. we can definitely be friends! 🤝

This reminds me of when I offered to not-mute for dickpic DMs, so long as they sent me a Bitcoin along with each DM.

Haven't had any takers, so far. 😂

We go out to a restaurant. They pay with their credit card, I send my half of the bill to them in BTC.

In their mind, arguably, they didn't buy BTC; they just overpaid for a fun night out, and ended up stacking in the process.

Meanwhile I work, earn, and daily DCA (for my nonprivate stack at least), so I know I'll be getting that corn back soon enough

The guy in the picture has the skills to get followers. The real version would be a guy holding his own shit walking near you.

Here’s an observation about shitty Twitter algorithms.

I’ve actually never blocked or muted anyone on Twitter. Never felt the need. 690k followers, countless comments, no filters.

If someone is an ass, I tend to just ignore them or akido them and move on.

I just went over to Twitter and checked my notifications. Some guy posted in an unusually negative way in one of my threads. For a brief moment, I was provoked. But then I looked: he has 8,700 posts and 6 followers. Briefly skimming his profile, it is pure negativity. Imagine this. Like actually take a moment to think about what that process feels like for him, let alone how he impacts others.

Posting eight thousand and seven hundred times, mostly negatively, and after well more than a thousand of those posts, someone elects to follow him.

The algorithm trains us to see this and get angry. When he shows up in our feed, he seems like a normal person who disagrees with us. But he’s not normal. Someone like that is literally and sadly more in the mentally ill camp, even as the algorithm presented him to us like any other normal person, saying we suck.

Imagine if we had more programmable filters and algorithms. Like, mute people with over a thousand posts but with less than one follower per five hundred posts. That filters him out, similarly to how we would visually filter out and thus physically avoid a man holding his own shit in his hand in public on a street, who needs help but not public attention and proximity.

The centralized algorithms we have normalized, are not real life.

We give people virtual access that we would not do publicly, partially because we can program our real-life algorithms with various behavior rules that we can’t do on most virtual platforms.

😂😂😂😂 on my page I’m the community note 😂🏆

🐄 🥛 = 💪

🥜🍼 = 🤡

Yes & yes.

Some Sats are not for sale unless price rises & some Sats are not for sale regardless of price.

Sats tend to move from weak hands to stronger hands. Each cycle more individuals hold sats & more of those Sats are not for sale.

Absolute scarcity is a crazy invention.

🥛