https://www.nydig.com/research/stone-ridge-2025-investor-letter
“Every driver has a limit. Mine is a little bit further than others.”
— Ayrton Senna, greatest Formula One driver of all time
“I’m not funny. What I am is brave.”
— Lucille Ball, greatest female comedian of all time
“I’d rather be optimistic and wrong than pessimistic and right.”
— Elon Musk
“I can outlearn you.
I can outread you.
I can outthink you.
And I can outphilosophize you.”
— Robert De Niro as Max Cady, Cape Fear
“I’m not superstitious, but I am a little stitious.”
— Michael Scott, The Office, on how Bayesians form priors
"A wall is a very big weapon."
— Banksy
John 21 (Day 89/89): 🌎📕
24-25 This is the disciple who testifies to these things and who wrote them down. … Jesus did many other things as well. If every one of them were written down, I suppose that even the whole world would not have room for the books that would be written.
John 20 (Day 88/89)
20-22 He showed them his hands and side. The disciples were overjoyed when they saw the Lord. Again Jesus said, “Peace be with you! As the Father has sent me, I am sending you.” And with that he breathed on them and said, “Receive the Holy Spirit.”
John 19 (Day 87/89)
14-15 “Here is your king,” Pilate said to the Jews. But they shouted, “Take him away! Take him away! Crucify him!” “Shall I crucify your king?” Pilate asked. “We have no king but Caesar,” the chief priests answered.
John 18 (Day 86/89)
36-37
“My kingdom is not of this world. If it were, my servants would fight my arrest.”
“You are a king, then!” said Pilate.
“You say that I am a king. I was born and came into the world is to testify to the truth. Everyone on the side of truth listens to me.”
John 17 (Day 85/89): LOVE
23 “May they experience such perfect unity that the world will know that you sent me and that you love them as much as you love me.”
John 16 (Day 84/89): Holy Spirit
13-14 “When the Spirit of truth comes, he will guide you into all truth. He will not speak on his own but will tell you what he has heard. He will tell you about the future. He will bring me glory by telling you whatever he receives from me.”
Not a warm and fuzzy read… arguing real survival/poverty line is 4-5x the stated $30k level.
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John 15 (Day 83/89)
4-5 “Abide in me, & I in you. The branch cannot bear fruit itself, unless it abides in the vine, neither you, unless you abide in me. I am the vine; you are the branches. Whoever abides in me & I in him bears much fruit, for apart from me you can do nothing.”
John 14 (Day 82/89)
16-17 “And I will ask the Father, and he will give you another Helper, to be with you forever, even the Spirit of truth, whom the world cannot receive, because it neither sees him nor knows him. You know him, for he dwells with you and will be in you.”
POLL
Agree?: ❤️ or ⚡️
Disagree?: Comment
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Once Bitcoin reaches $126,000 again, it will never again dip below $100k.
John 13 (Day 81/89)
4-5 So he got up from the table, took off his robe, wrapped a towel around his waist, and poured water into a basin. Then he began to wash the disciples’ feet, drying them with the towel he had around him.
John 12 (Day 80/89)
23-25 “Time for the Son of Man to be glorified. Unless a grain of wheat falls into the earth and dies, it remains alone; but if it dies, it bears much fruit. Whoever loves his life loses it, and whoever hates his life in this world will keep for eternal life.”
John 11 (Day 79/89)
41-42 So they took away the stone. Then Jesus looked up and said, “Father, I thank you that you have heard me. I knew that you always hear me, but I said this for the benefit of the people standing here, that they may believe that you sent me.”
John 10 (Day 78/89)
10-11 “The thief comes only to steal and kill and destroy; I have come that they may have life, and have it to the full.
I am the good shepherd. The good shepherd lays down his life for the sheep.”
John 9 (Day 77/89)
1-3 He saw a man blind from birth. His disciples asked him, “Rabbi, who sinned, this man or his parents, that he was born blind?” “Neither this man nor his parents sinned,” said Jesus, “but this happened so that the works of God might be displayed in him.”
John 8 (Day 76/89)
7-9 “Let any one of you who is without sin be the first to throw a stone at her.” Again he stooped down and wrote on the ground. At this, those who heard began to go away, the older ones first, until only Jesus was left, with the woman still standing there.
Luke 19 (Day 63/89)
2-5 Zacchaeus was a wealthy tax collector. He wanted to see Jesus, but because he was short he ran ahead and climbed a sycamore-fig tree. When Jesus reached the spot, he looked up and said, “Zacchaeus, come down immediately. I must stay at your house today.”
Matthew 25 (Day 25)
Parable of Virgins:
10-13 Be prepared. Be patient. Bolster faith.
Parable of Stewards:
21-30 Risk big. Steward faith well.
Judgement:
40 Love mercy. Serve the least of these.
BTC Bitcoin:
Mitigate debasement. Stay humble. Stack investment. Be kind to all.
Matthew 22 (Day 22)
“‘Love the Lord your God with all your heart and with all your soul and with all your mind.’ This is the first and greatest commandment. And the second is like it: ‘Love your neighbor as yourself.’ All the Law and the Prophets hang on these two commandments.”
Too empathetic and effective, hence a threat
#CharlieKirk
https://blossom.primal.net/090aa5f556933eaa495c315d5e43714c1a7f99cf0552a5a5a11a55b1b30c8330.mp4
Bitcoin requires humble, open-minded curiosity.
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Matthew 7: Be curious, not judgmental. Pray, for God is Good, and wants to give good gifts. Listen and obey, sacrifice is the way. Be patient in seeking first to understand.
Blessed are the humble, meek, and self-sacrificing, not the self-seeking.
Low time preference.
This most influential man and book of global society warrants further investigation, and I’ve decided to start reading Matthew, the first book of the New Testament.