Gen X revival (1988). Just as pertinent for a 2024 soundtrack.
Beep beep!
Time management; next level.
For all those who have suffered at the hands of grandma’s knitting.
ANALOGY 1: Bitcoin is water
Imagine three unmarked, unlabelled clear containers. They each contain a different, clear liquid: water, bleach, and ethyl alcohol.
Without knowing anything about these liquids one could easily mistake them. #Bitcoin is water. Crypto is bleach or ethyl alcohol.
In the same way that bleach or ethyl alcohol have some limited use cases, so too may a very small number of crypto tokens (if we’re being charitable in our assessment). However, it is a massive error to lump these with Bitcoin #BTC, just as it would be potentially fatal to treat bleach and ethyl alcohol as you do water. Have a sip and find out.
We need dialogue, education and public policy that respects Bitcoin (BTC) as water for humanity.
—————————-
ANALOGY 2: Bitcoin is a diamond
Imagine a pile of clear, jagged-edged shards on a table. There are 20,000 or so individual pieces. In their sum, they look like a mass of the same thing.
You sift through them and, for the most part, they are differently shaped and sized pieces of broken glass. Upon closer inspection, however, one piece stands apart: it is an unpolished diamond.
#Bitcoin is this diamond, and crypto are the shards of glass.
To the untrained eye and to someone who has not looked more closely, it’s likely that the diamond will simply be lumped together with the broken pieces of glass. Even then, if one does not know what distinguishes a diamond from broken shards of glass, one may not consider picking it out and treating it differently.
Shards of glass can be used for limited purposes. They can be recycled, they can be used for art, etc. But they are not a diamond.
The point is that we need dialogue, education and public policy that distinguishes Bitcoin (BTC) from crypto.
It’s time to update the system. #Bitcoin
That time Prince talked about artists moving to a value-for-value payment model on platforms like #Nostr and apps like nostr:npub1v5ufyh4lkeslgxxcclg8f0hzazhaw7rsrhvfquxzm2fk64c72hps45n0v5 nostr:npub1yfg0d955c2jrj2080ew7pa4xrtj7x7s7umt28wh0zurwmxgpyj9shwv6vg nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg nostr:npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955. He was so ahead of his time!!!
https://www.facebook.com/share/r/Z5bXexG7v7BfXGAH/?mibextid=oKfgLb
If she bought in the 20s she at least doubled her fiat amount. Perhaps another approach is to suggest she keep that profit but buy back the original amount. So if she invested $10k and sold all for a total of $25k (for example), suggest she buy back $10k worth of Bitcoin. In 1-2 years she will be happy she did.
I came across this image and prose today, and thought it a valuable meme through which to reflect on the concept of freedom, something which those of us in the #Bitcoin ecosystem tend to wax on about quite a bit. Freedom, responsibility, rights, justice, compromise. These are not a spectrum, but a mosaic.
"This person took his part, but affected others. He exercised his freedom, but with injustice. Freedom can’t be exercised as everyone wants. Justice disappears when you harm others. I’m not talking about morality, I’m talking about the bad exercise of freedom."
As we head into the U.S. playoffs, latest stats suggest Team Blue is slightly more likely to take the title than Team Red. It’s close though and will likely come down to the wire. If this plays out, Team Red has a lot of major decisions to make in the off-season: possible changes to front and back office; key on-field roster changes; and possibly exploring new ownership structure.
It’s no huge victory for Team Blue though. Both clubs will need to contend with similar challenges in the off-season: an aging roster; diminishing membership/booster numbers; growing competition from alternate leagues.
Given these trends, it’s very likely that ownership teams and management representatives from both clubs will meet this off-season to discuss and revise terms for the league. There could be new media rights arrangements, a refreshed marketing framework, revised playoff structure for 2028, etc. There are various options to explore and no doubt some things will be contentious. However, with aligned incentives and increased concentration and overlap between the clubs’ ownership teams, there’s a good chance they’ll be able to settle on updated terms.
Thing is, this will get play in the clubs too. I’m pretty certain.
https://www.instagram.com/reel/C_23x8qIFO0/?igsh=MWNyaXo4YW9meTJmaA==
I remember House before House had loops; I remember House before the whole world knew.
I lived and worked in Washington DC on 9/11, 2001. I was with a global health organization focused on Latin America and the Caribbean.
As the news from New York broke and the plane struck the Pentagon there were also a couple of loud blasts heard within the city. I’ve never heard confirmation of what these were, but we heard and felt them. Colleagues of mine in DC from Latin America, including several Chileans, were moved to screams, tears and sheer panic as all of this unfolded. The trauma of 9/11 (1973) and the Pinochet years were very much still with them.
My Chilean colleagues were not alone in their reaction. Nicaraguans, Haitians, Guatemalans, Salvadorans, Venezuelans and other nationals also had their trauma-memory triggered. Bombs, death squads, foreign-funded bloody coups. It all came back on 9/11.
Ever since 2001, on 9/11, my thoughts return to these colleagues, to the people of these countries — many of which a former U.S. President called “shithole countries” — and to all of the less remembranced “9/11s” of history. There are far too many.
May our children know more peace in their lifetimes.
IMHO, history will record the true hubris of the 2024 U.S. Presidential race as belonging to Republicans and anti-Democrats. So cocksure were they that “Sleepy Joe” would hand them the White House that they casually welcomed Donald Trump back to the throne, failing to appreciate that the bar he sets…policy-wise and as a campaigner (not as a human being, because that bar is extremely low)… is just inches higher than that of the opponent on whom they had set their sights.
Trump looked like a Rhodes scholar and Toastmasters Golden Gavel Award winner on stage beside Biden (2024 version of Biden). Whether the Democrat candidate switch was by design or merely circumstantial, we may never know. Regardless, Trump is now revealing himself as the court jester he truly is. Not looking good.
Haha! Yeah, my grown up stomach can’t handle that food anymore so I guess I’m also “that” old!
Yup! 🍕
😂😂😂
Touché!
Thanks for all your work, Jeff. I heard you say, not long ago, that you have gotten a lot of grief for your bullcrab stance and market assessments. You’ve been spot on and, regardless, you have always provided very reasonable, transparent assessments of how you arrive at your conclusions. Many of who don’t have your technical insights greatly appreciate the way you come at all of this and communicate your views — so a big thank you! Have you provided any recent updates to your assessments of markets generally, and Bitcoin specifically? I haven’t seen/heard any. Best to you and your family! 🙏
Hip hop, ya don’t stop. 🧡
