Me, waiting for the day 1 shitcoin reserve

There is something so incredibly cool about walking across natural terrain with a giant sword on one’s back.

This is the core fantasy aesthetic.

Global debt has reached $315 trillion—now 333% of global GDP. That’s more than three times the world’s total economic output.

Let that sink in.

JUST IN: 🇺🇸 Donald Trump is expected to issue executive orders on the first day of his presidency regarding #Bitcoin and crypto — The Washington Post

If you are a “bitcoiner” but you are not on Nostr, are you really a bitcoiner?

#asknostr

#nostrorslavery

Bitcoin Maxis who fail to understand the true nature of Bitcoin—rooted in energy, thermodynamics, and physics—are lost and leading others astray. Bitcoin, the very tool designed to liberate us from fiat’s distortions, has instead been co-opted by the same fiat mindset we sought to escape.

Attempts to describe Bitcoin’s price through fiat valuation inherently tie its analysis to a flawed and ever-changing metric. Fiat currencies are unmoored from any universal constant, subject to manipulation, inflation, and centralized policy. By anchoring models to fiat pricing, we perpetuate the illusion of value derived from an arbitrary system, making these models nothing more than expressions of fiat—not Bitcoin’s true nature.

When viewed through joules, however, Bitcoin’s true foundation is revealed: its value is energy, with every satoshi representing a quantifiable amount of work performed through mining. This perspective eliminates fiat distortions, linking Bitcoin’s scaling and dynamics directly to the conservation of energy and entropy resolution. A model based on joules acknowledges Bitcoin’s alignment with thermodynamic laws, making it a universal constant instead of a fiat-relative abstraction. This approach doesn’t just describe Bitcoin’s behavior—it defines it through the immutable physics it embodies.

Are Bitcoiners ready to confront the uncomfortable truth? By obsessing over the abstraction of 21 million units without anchoring it to a physical constant, they are perpetuating the very fiat mindset they claim to oppose. Without defining Bitcoin’s foundation in energy and thermodynamics, they’re not escaping fiat—they’re recreating it in a new guise. It’s a distraction from Bitcoin’s true nature and its profound alignment with universal laws.

Yes, you are all wrong. I was too. It’s time to move beyond fiat illusions and see Bitcoin for what it truly is.

Something special is coming in 2025. Observation collapses the state, and the gravity of it all is inescapable.

#BitcoinFixesPhysics

#SatoshisConstant

This year's investor letter from Stone Ridge did not disappoint. Ross Stevens is one of the brightest minds in the space and his humility is unmatched.

While everyone is focused on the bitcoin backed lending part of the letter (which is extremely exciting in its own right), I haven't seen anyone point out the message underlying the entire letter; Stone Ridge + NYDIG + other Stone Ridge subsidiaries are setting out to rethink how banking as an industry should work from the ground up.

Truly thinking disruptively.