Individual CPI numbers don’t matter; what matters is the long term trend.

They will continue creating money out of thin air to fund wars, bail out banks, “stimulate the economy,” and fund our bloated government.

Your money will buy less every year…

Opt out with #Bitcoin

Mother just woke up and took a look on blockclock! Then she asked:

We are all in right?

Me: 🫡

Coupon rate on a bond doesn’t change. What changes is the market. The market prices different yields over time but when you purchase a bond the coupon rate on that bond is locked in.

What makes the value of the bond go up or down is the discrepancy between the coupon rate of that bond versus what rate you can get on the open market.

This bond you got at 10% yield moons in value as the market rate goes much lower. You would pay a lot more for a contract yielding 10% coupon when the market rate is like 3%, right?

Conversely if you bought bonds with a near 0% coupon then the market goes to 5% yields, your bonds are cratered in value cuz the buyer can get such a better return buying new bonds on the open market.

This is how some of these banks are getting rekt as they loaded up on “risk-free” bonds when the yields were close to zero, then the Fed jacked rates up. The bond market prices the yields higher and low yield bonds get rekt.

That’s my understanding anyway.

Important Dorado update: We went for a walk tonight! 🦮🚶🏻

He still has a long road to recovery, and we only went about half a block and back to the vet's office, but he was thrilled to be outside with me for a few minutes. The next week is going to make all the difference, and we can't wait to bring him back home with us.

Keeping the faith. ❤️‍🩹

#[0]

Doc just said, “This is not a dog who’s trying to die.”

First encouraging thing I’ve heard all-night! 😅

Heading home to get some rest. Will keep my Nostrich fam updated. 💜

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Since I’ve apparently stirred the pot, I’ll

throw in the fact that I eat sour cream with a spoon 😋

Reading "The Blocksize War" by Jonathan Bier.

I have no idea how Bitcoin is still around.

Thread 🧵?!?

Reading "The Blocksize War" by Jonathan Bier.

I have no idea how Bitcoin is still around.

Thread 🧵?!?

What are the tradeoffs to having tons of relays? Is there an optimal amount that ya’ll have?

Found muh 92-94 Topps / Upper Deck binder this morning. Golden era frfr