What do you think the chances are that some members of the Ruling Class have started accumulating behind the scenes while still opposing Bitcoin publicly?

I suspect that the capitulation will take place well before the public is able to identify it and follow suit.

Honestly, and no disrespect intended, but how exactly did *this* particular woman come to occupy one of the most powerful governmental positions in the entire world?

Can anyone steel man a case for her getting the job based on merit?

Soon they’ll have more employees than dollars 👀

Today, I really appreciate this reminder. Thank you, fren - it’s a beautiful time to be a Bitcoiner

“The art of living is more like wrestling than dancing” - Marcus Aurelius

Cracked me up with 5 memes in a row, you just shot up to being my favorite Nostrich, Ser ⚡️💜

This is the most slept on project in all of #Bitcoin, in my opinion. It’s already active in 9 African countries as we speak!

Maybe I’m being dumb, but my gut feeling is that the diameter will be shorter than the circumference.

Circumference formula is pi x diameter.

So instead of pi being the number of times one diameter can wrap around the circle, isn’t pi the exact number of diameters needed to wrap around the circle exactly once?

Still profound!

For this iteration of Bank Crisis, will a critical mass of people lose trust in banks and demand real reform, or will regulators simply double-down on the monopoly and force people to continue in the current modality?

Trick question: no matter how many people are disillusioned, governments will proclaim major reform and shout very loudly at “bad banks”, while simultaneously doubling down on enforcing the monopoly and securing their and their banker-friends’ long-term prosperity.

“This step will ensure that the U.S. banking system continues to perform its vital roles of **protecting deposits** and providing access to credit to households and businesses in a manner that promotes strong and **sustainable** economic growth.” - Yellen/Powell/Gruenberg joint statement (own emphasis)

Really…??

How THE FUCK can anyone claim that the U.S. banking system PROTECTS deposits when banks can use up to 100% of people’s “deposits” to gamble elsewhere for yield?

How THE FUCK can anyone claim that the way the U.S. banking system offers credit “promotes sustainable economic growth” WHILE DISCUSSING THE COLLAPSE OF A MAJOR BANK & CONSEQUENT POTENTIAL SYSTEMIC RISK TO THE ENTIRE BANKING SYSTEM?

Uncle #[0]​ and Uncle #[1]​, can you please rip these disingenuous fucks a new one?

#bankingbad

According to bitbo.io, there has been almost 1.2 million bitcoins exchanging hands within the past 24 hours.

How wild is that? More than 5% of all the bitcoins that will ever exist have moved in the past day, with final settlement confirmed with practical mathematical certainty within just ~60 minutes (6 confirmations)

(I know 1.2M BTC in volume doesn’t mean 1.2M unique bitcoins moved, but still…!)

Since the peak in March 2022, the US M2 money supply is down a whopping 2.15%.

This, after a 40.8% increase from Feb 2020-Mar 2022.

That’s right, hiking the Fed Funds Rate from near 0% to ~4.5% rapidly has only resulted in a measly 2.15% reduction in the money supply.

Whatever Consumer Price Index “disinflation” they’re celebrating, the fact remains that there is still 37.8% more money floating around than there was in Feb 2020.

Your wealth is still in the process of being extraordinarily diluted by the scourge of #inflation. In fact, it is already diluted by ~37.8%, you just haven’t fully realized it yet.

Tell a friend; buy #Bitcoin.

Do you think the average person working in traditional finance will start to recognize fiat is broken within the next 2 years?

Surely the finance bros will catch on before the general public.

Fablecoins.

That’s it, that’s the note.

Maybe the real treasure was the memes we saved along the way

Only satoshis 😉

It’s unbelievable that this is literally the narrative. Employment is TOO HIGH?

That’s nonsensical, UNLESS there is newly-introduced money which has distorted the price formulation of the entire economy and promoted malinvestment.

In an economy with a fixed monetary supply, over-employment will never be a significant issue - true or false?