I just had the chance to make an easy discretionary payment in bitcoin , but I opted to use fiat. I feel like I missed an opportunity….but the bitcoin I would have used is going one way in purchasing power, and the dollars I chose to use are going another.

Have I failed?

Got my copy! Yes, Bitcoin is sound money, but it is so much more. Give this book a read. nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu

LIT!

GM🫡

So you’re saying there’s a chance!

Overall Bitcoin has made me a generally more tolerant person. Fair to say it has given me some new perspective. But what it has absolutely obliterated is any tolerance for institutions’ “processing” times for moving money. Transaction a few times on chain, and the whole logic of “processing time” is turned inside out.

Received.

Understanding he likely has few fans on this protocol, Nouriel Roubini, along with Stephan Miran, has published a paper that explains in great detail the ultimate in fiat games Treasury is playing with debt issuance. Having read this, I can’t understand how he doesn’t see how Bitcoin contributes to fixing the problem. Nonetheless, that problem is laid bare in this paper. There’s also a podcast on Forward Guidance / Blockworks.

https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/635102_Activist_Treasury_Issuance_-_Hudson_Bay_Capital_Research.pdf

It is also likely that other countries, using their intelligence collection capabilities, had greater insights into the chaos in the White House than the American people. Understanding the decision tree is critical to understanding an adversary’s plans and intentions, which is really the point of intelligence collection. Get that wrong, and a series of unfortunate events can unfold.

But at least now we know - the Harris people are in charge, and the vast mechanism of influence the democrats rely on will kick into high gear to make sure that whatever happens from today forward will be in support of her candidacy.

And we’ll be not-so-politely asked to forget the last three years of obfuscation and lies.

Ha…..a dork! I like it, old school.

Assuming Harris becomes the nominee, she will be the titular head of the democrat party. She will also become the focus of effort for the vast establishment democrats rely on to keep their machine rolling. Biden might retain the title, but Harris will be in charge.

At least then we’ll know who’s actually in charge….

With my daughter soon heading to college, there has been a lot of packing and organizing in my house. Among the things we got around to opening was some old storage that hadn’t been opened for many years. Mixed in with a lot of stuff we probably never needed to save were some nuggets from travels past.

I found these East German coins I collected on a trip to the DDR in 1988. I was a student in West Germany and remember calling my parents to tell them I was going with friends to East Germany – back in a week. Obviously no cell phones, no email. Times have changed.

I also found what I thought was a lost journal I kept during one of my deployments in the “forever wars.” I kept it as something my then infant daughter could have, should I not make it back. It’s mostly me writing to her, but consistent through it is a deep skepticism about why were there and likelihood of success.

These rediscoveries are timely, with discussions about 4th turnings and global realignment dominating the Zeitgeist. They recall two periods that figure prominently in the lifetime of a Gen Xer and show how fast the forces of change can upend your reality. These experiences have made me a skeptic by nature, but skeptics can still have faith.

To all you building freedom tech, thank you for what you do. Keep it up – this is your time to shine. And for the rest of us, if I can quote we all know who – stay humble and stack sats. They will serve you well.

Oh damn, you can feel blinding light of pain through the video.

My daughter has finally picked up a Bitcoin book - 21 Lessons. Can’t think of a better introduction to what Bitcoin is all about. Thanks nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc

If foreign governments won’t buy them, guess who will be the involuntary buyer of last resort? (Hint: turn on your phone camera, flip the camera direction, and click a picture to reveal the answer.)

Great day running the Aerial Adventure course at River Riders in Harpers Ferry, WV. Staff is great, the scenery is beautiful, and it is a hell of a workout. A quick hour’s drive from the Washington DC area.

The view from one of the stands of the Potomac River where VA, WV, and MD all intersect.

nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 I reread The Brothers Karamazov earlier this summer. It is a work that speaks not only across cultures, but across centuries. And I believe old man Fyodor would be perfectly comfortable denouncing all varieties of statist authoritarianism. Shall we ban The Gulag Archipelago next? No government anywhere owns the cultural history of then people they govern.

I admit it, there are some great fintwit accounts on X that haven’t migrated. So I live with my shame.

EVERYTHING!

What the hell is this Bitaxe Hex everyone is talking about? And where do I get one? Seriously.

This will be the tech our grandchildren will be asking how anyone ever lived without it.