Shout out to Restaurante Lena’s Atlantis and nostr:npub1tw4am7vzwl3akmyg4cwny27x8ltrwajrwrsate872gnpqnvzqd8s3f6nwr in Panajachel, Guatemala for accepting Lightning as payment for this delicious meal.
Trump’s bitcoin executive order incentivizes stealing the people’s money for his government
In the saeculum framework, I think Bitcoin emerged during the Third Turning unraveling, a phase marked by institutional decay and societal polarization. This places the ‘08 GFC - and Satoshi’s whitepaper, alongside earlier Third Turning upheavals like the Panic of 1893, where William Jennings Bryan and agrarian populists railed against financial elites who wielded the gold standard as a weapon to enrich creditors and crush farmers. While Bryan sought to democratize money with bimetallism. He may have had better rhetoric with the “Cross of Gold”, but lacked Satoshi’s tools to engineer a solution to circumvent the elite’s stranglehold on the financial system.
$61k! My New Year’s Resolution was to not check the price of bitcoin as much. I’m utterly failing.
What if the ongoing spam attack is Wall Street’s way of driving money to ETFs?Inscriptions are making self-custody prohibitively expensive unless you’re sending $5k per UTXO. Suspiciously convenient timing for BlackRock and company.
When normies ask me why the price is going up, I’m thinking about responding with something like this.
“Fiat currencies are in various stages of a slow moving debt spiral. Governments are increasing their issuance of bonds in order to finance their debts. In order to be able to afford to make payments on these debts without unpopular austerity measures, they are devaluing the currencies through inflation. Bitcoin gives individuals a way to opt out of this. Maybe the price is going up compared to fiat monies because more people are opting out of the inflationary system to protect their purchasing power.”
Congratulations! 🎉
“The DOJ will enforce laws” after the crimes have been going on for years and years
It’s starting to feel like NOSTR’s first bitcoin bull market and I’m thrilled to be a part of it!
On Twitter today, it seems like tradi-fi that benefits from QE infinity and the cantillon effect are worried that the new money this cycle is going to be absorbed by the Nakamoto effect. Good times may be over and it appears they are in panic.