Looking forward to the US not raging war any more, after being at war for 240 years, thanks to their strategic Bitcoin reserve.

IF YOU THINK THE GUYS WHO INVENTED PAYPAL ARE GOING TO SAVE US YOU ARE RETARDED.

FREEDOM IS NOT GRANTED. IT IS TAKEN AND DEFENDED.

tilt

Running nostr

I keep seeing people try to predict what the MSTR premium over NAV “should” be, as a valuation question.

However, the answer doesn’t truly exist, because it’s recursive. The current state of it is an input back to itself. It’s arbitraged, in other words. As long as there is a sizable premium, MSTR will continue issuing securities until demand is saturated for a period of time.

A high premium tells MSTR to keep issuing more securities, which in the long arc of time pushes the premium back down. A low premium tells MSTR to slow down or halt security issuance until a premium re-emerges.

And gm.

#Bitcoin was destined to be the most hated, the most lied about, the most attacked of all the alternatives.

Why? Because decentralization invariably means that practically nobody is going to get exactly what they wanted out of it.

People have *their* vision for it, and are certain that they are right and everyone else is wrong. This is why centralization is so desirable and things always trend that way.

People are belligerent, foolish, misguided, visionary, risk takers, and everything else under the sun. The whole point of #Bitcoin is that it won’t bend to any single vision. Therefore if your vision of it *requires* a major change, it’s got almost zero chance of happening.

Bitcoin is profound BECAUSE of its ability to work, to remain radically neutral and unchanging, amidst the never ending demands, false claims, shit throwing fights, attacks, and vitriol of a volatile and subjective human environment. Because WE don’t scale at a social level, a global and immutable consensus system is the most important technology in the world.

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In other words, it was inevitable that everyone who loved bitcoin but didn’t get their way, to end up hating it more than even the Peter Schiff’s of the world, because to them it was “hijacked” by never giving them the change/feature/vision that they had for it.

This is why “stay humble” is such an important part of the bitcoiner mantra. Humble in the face of realizing that you can’t just tell Bitcoin to do what you want it to. That you will fight a never ending, losing battle if you **prescribe** what it is, rather than observe and work within its restraints.

In that way, Bitcoin is very much like “the truth,” it’ll set you free but it’ll piss you off first.

One thing I can never quite make sense of is the fact that…

1. I have extremely strong beliefs

2. Many or most of the beliefs are out of step with modern culture

3. Holding these beliefs produce outsized results for me

4. Others claim to want outsized results

5. But if you share the beliefs that generate them people get upset

It’s a very confusing phenomenon

From Google Gemini today, regarding MSTR joining the Nasdaq 100 index:

#Volatility is movement… it is a critical sign of life.

Lack of volatility is death.

Investors who fear volatility can never succeed and generally hold portfolios of dead (or dying) assets.

They wonder why they are slowly getting poorer.

#Risk only equals volatility in academia.

In practice (that is, in the real world), true financial risk is the chance of losing your purchasing power over time and space.

The volatility of #Bitcoin is a feature and not a bug… it is a powerful sign of life.

I’m pretty cranky about the shitcoin rally. Now every retard that made a few bucks think they are Warren Buffet.