Ooo I was meaning to thank you for looking out for me the other day 🫂💜💜 very kind Cyber Seagull 🥹 thank you ♥️

I’ve spent a lot of hours analyzing “crypto” and keeping up with the fads, and to this day I still cannot find a problem that I have, and that it can solve.

Bitcoin solves my hard globally-portable savings problem. I don’t see better money than this. And that’s a big problem to solve.

Stablecoins solve some developing market intermediate-term money problems in very inflationary environments as a bridging tool while Bitcoin is still volatile. Okay. That’s big for now.

Digital collectibles are fine. I mean, I have cardboard Magic the Gathering cards worth thousands of dollars. So you buy an ape NFT and get membership to an exclusive ape club (which is like all dudes, nearly entirely devoid of women) and can show your status by displaying your supposedly elite avatar. I do see how there is a nonzero recurring interest in this sort of digital elitist collectible thing. But it doesn’t solve any of my problems or seem to be relevant on the macro scale. A niche thing that doesn’t appeal to me. Like, Pokémon might make a billion dollars but it won’t make a macro-scale trillion dollars.

DeFi is mainly about trading and leveraging worthless tokens. In a world where there are much more real-world tokens involved (eg tokenized Apple stock or whatever), then maybe there is more of a use for that. But until then it’s mainly a circular Ponzi. And even then, that industry is limited.

So almost 15 years into this industry, there have been a handful of interesting experiments, but barely anything other than bitcoin and stablecoins interests me at scale.

Beyond that, it is just things that they can empower.

Nostr, for example, doesn’t need a blockchain. There is no reason to go to the expense to maintain a global state. It certainly is empowered from the fact that Bitcoin and Lightning exist (new good money allows for new good technologies), so it’s a tangential technology.

The vast majority of “crypto” projects either don’t solve a problem, or just solve a smaller niche interest.

Zappy zippy zap

What?

Don’t drink and write notes on nostr. Instant regrets

I observe that it's a somewhat unpopular current opinion in maxi circles (and I love maxi circles <3), but I think Taproot Assets are indeed potentially useful for stablecoins. We'll see how it shakes out.

A lot of people have ideological beliefs about what "should be", but for people operating every day in developing countries with high inflation, a bitcoin wallet that has BTC and USD, and lets them skip Binance/Tron, could be really useful. There's real market demand for that.

Do I want shitcoins on bitcoin? No. But I think they'll burn themselves out anyway. In the meantime as a bridging tool, dollars on bitcoin would meet a real utility demand and benefit bitcoin adoption overall.

I could be wrong, and it'll take some time either way, but I think chaumian ecash is going to be bigger than people expect.

Sam…what have you done?

Osteriches are actually kind of terrifying. They are upwards of 9 feet tall, 300 pounds, and can run 40mph. nostr:note17x5me6cmmzpy4n2s8jr2m0sqm6ur4v2cg25kpym3d3k42l2quu2qywnvu9

🤓

The groom is my friend, the bride is mean, what do I dom ‘? Stop wedding? Am drunk 🤗 I love u okay

If it ever comes, the day that the US government goes to the mattresses on bitcoin, I will dedicate that day, that week, that month, and that year, to memes to help support the social counter-attack.

Their confiscations will have to fight amid the shade of our endless memes and civil disobedience.

As you can see the Ordinals protocol thanks to Taproot activation has pushed $BTC fees up to previous bull market levels.

The question then follows, how high do you think fees will get after 'The Bitcoin Halvening' in 2024?

$50? $100? More?

The reality that 99% of modern "food" is just well-marketed poison can be a very hard pill to swallow.

But the sooner you do, the sooner you get your life back 💪🥩

If you could Swim in a giant toilet, would you?

Its Been your lifes dream.

#ShittyAskNostr

Bitcoin is more correlated with global liquidity than any other asset I track. Liquidity doesn't generally tell you the *magnitude* of what bitcoin's price will do, but it has a pretty strong push/pull on the *direction* that bitcoin's price goes in, all else being equal. It's not the only variable, but so far it has been a meaningful one. The mechanism is that it affects the rate at which new external capital tends to come into bitcoin.

Bitcoin supply halvings are an expression of its hardness. And the direction is always harder.

Global liquidity is an expression of fiat currency hardness. Usually it gets softer over time, but with brief periods of hardening. And fiat currency is much larger overall, so it affects a lot of asset prices including bitcoin. Due to bitcoin's inherent moneyness (lack of earnings or other dynamic factors) it tends to correlate to liquidity more tightly than other assets.