The weirdest thing to me as a rich guy is how poor ppl use other people’s wealth as a way to try to tear down others and keep them in their lane

Even tho ftx/celsius/blockfi prob didn’t cause any actual realized losses to us since we have our own keys, it’s important to remember that the covid era of commie “crypto” celeb driven mania have came and went already. They lost everything and it is dead to them now. They never really understood bitcoin in the first place, basically just normies. The etf era buyer is much more sophisticated and are the free thinkers from tradfi that are front running the big guys who don’t care yet

the japanese government itself is doing a $20T carry trade.

George Saravelos, the head of currency research at Deutsche Bank, examined a combined balance sheet of the Japanese government, encompassing the government-managed pension fund GPIF, the Bank of Japan (BOJ), and state-owned banks. He examined the asset and liability composition of Japan's $20 trillion debt.

basically this debt is a giant carry trade that involves borrowing yen at the zero bound and buying assets in higher-yielding currencies.

but this means that the government itself is TRAPPED.

"If the central bank raises rates the government will have to start paying money to all the banks and the carry trade's profitability will quickly start unwinding," Deutsche analysts said.

This would result in higher interest payments on bank reserves and a fall in the value of government bonds, along with a reduction in the value of government assets in an environment of rising interest rates.

Potentially causing a financial crisis in Japan on the same level as 2008.

Thus, they can't really afford for their carry trade to blow up in their face. So, they must keep it on, slowly whittling away at their currency.

The BoJ will do Yenterventions to slow the fall, but they'll have to let it fall eventually.

Don't breed with the NPCs it's a crapshoot with the kids

I came to this conclusion but ultimately reverted back.

I think politics is way more important and is in fact up stream of the capacity to capitalise (or not) on technology and economics.

It all becomes a little circular.

The reality is that they’re are interrelated.

I’ll add another:

When I realized that the “politics leads everything in history and the important events were due to kings, czars, militaries, and presidents.” Only to learn the reality is that all politics is downstream of economic incentives and the technological and even natural environment.

That which kind or queen did or said what and won or lost which war was largely irrelevant to the fact that gun powder had been invented and the very landscape of what is possible in politics and the economics of violence had shifted wildly and everything was going to change including the very architecture of political power.

Public schools have this completely backward, and I think it’s because a political education system is inherently obsessed with the political power ideology. nostr:note1w5y04llkp422tkzcdz32annjqw29g3yq7wf48s6cmfej53a5q5rq247caa

What’s something you learned that completely changed how you saw everything?

I’ll start:

When I found out that being healthy and losing weight wasn’t about spending hours exercising & running miles every day, but that 90% of the battle was just about removing horrifically unhealthy (and very normalized) chemical substitute, grain heavy, “fat free”, and sugar packed foods - but was just about getting back to the basics and animal based fats. Everything else is crazy easy after you do that.

Then to add, that your mood, depression, energy levels, are also SO insanely dependent on that same problem.

What was one of yours?

Not everything is a lesson. Sometimes you just fail.

Like people who joined the xrp community.

Don’t use Google Authenticator.

It makes you a higher risk target!

All new technologies start out at the fringes of society and then spread to more tamed members of society. The carnie grifters of the pre-etf era of Bitcoin are now being replaced by actual serious adults that have the proper credentials, education, and experience. All the stuff the western commies parroted don’t matter. The carnie grifters were genuinely shocked that trillion dollar funds like blackrock and fidelity did not consult with them about bitcoin and their strategies. For example, Len said the Bitcoin ETFs were the least interesting aspect of bitcoin, but the market clearly disagreed. “She” finally even got called out for such a horrendous take by the new tradfi guys. Bitcoin is serious now, time to treat it seriously