“He who oppresses the poor reproaches his maker, but he who honors him has mercy on the needy.” 14:31
nostr:npub18wgtxzhx75qd2aq3gn35mcv5m8zx7z6xdsf6a95asltys70deekqqjr2wn is chair of the economics department at Ole Miss. We can only hope that policy makers take Dr. Hendrickson’s words to heart. nostr:note1985q867ue8emtsf3kuyy8l0xple0h9q35p3y4nayzz9c8th0wx8qufdsl8
The most succinct and articulate global macro rationale for Bitcoin I’ve heard. Sharing on LinkedIn. Thank you.
“A man who begins to give aid heartily is better than he who only promises and leads another to hope.” 13:13
Oops - 12:20
“There are those who wound with a sword as they speak, But the tongues of the wise heal.” 12:31
An era is truly ending.
#veterans #WWII
https://www.npr.org/2024/04/03/1242430911/lou-conter-uss-arizona-pearl-harbor
The WWII generation is like this country’s last dose of antipsychotics.
Bitcoin Atlantis sounds amazing. I’m not a developer but I really want to encourage all those working to preserve and strengthen Bitcoin: you’re actually restoring hope for millions (soon billions) of us. I just gave to nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f for the first time. What can you do? nostr:note16u3lyvl8c6z8ufggc3u0gser6u22yax5vvwpcwaqtcg8kmrx3k8srureda
Well played, nostr:npub1tftc33ttam85wraffce62cgtvvjrmttquqlv6a0agtfm5nl4vues82xar5, well played. 
How devaluation starts:
April 18 will be the 25th anniversary of the current Swiss constitution’s adoption. With that ratification, the #franc became fully fiat.
Yesterday, 58.2% of Swiss voted to add a 13th monthly federal pension payment, while a second initiative to raise the retirement age and begin tying it to life expectancy failed, garnering only 25.3% of votes.
Unless the #Swiss either raise taxes or cut other spending, the supply of franc will have to rise. Budgets must always balance: if not in nominal terms, then in real terms.
On the week, that’s a net +30,056 BTC. At a very rough average price of $55,000 that’s $1.65B. If the average market cap for the week was $1.1T, the week’s inflows were ~0.15%. It’s not clear to me that we’ve started to see meaningful ETF inflows yet. I think the pump M-W was mainly supply: LT hodlers staying disciplined.
This is great stuff. Thank you!
Trading on technical indicators with equities can make sense but it shouldn’t translate readily to BTC. The key BTC theses should produce HODLers, not traders. I know from conversations that the 3-day, 25% run M-Th prompted trading responses.
Of course Reuters quotes Holly Bender of the Sierra Club and Elizabeth Warren but why not nostr:npub13lkyycj8s3da6fhndtj0wd6s3s2ahmq86s7wrruvzd4tnc66cgfqn4lpsy? Is this #journalism?
I could listen to nostr:npub1d3f4m9dgvkdjxn26pqzsxn6lpfn78sxwllxyt8mp76q0a9zyyjlswhr4xv for hours* on end. Never BS, always well-reasoned.
*OK, maybe just a lot of minutes, but I mean a LOT of minutes.
Yeah, I screwed up and somehow didn’t reply to the thread but created a new note. Anyway it was your repost of Trey Walsh’s note. FWIW, I think Trey makes an important point about being consistent. My counter went to threat asymmetry: while Wall Street has NGU and ETF concentration as attack vectors, Warren and Trudeau have bank accounts and prisons.
We’re all on team orange. 👊🏻
