normies are people who are comfort in local maximas

passive investing is king

Who are normies? What do they believe?

IMO the normie mind can be explained by the following 10 normie commandments.

1. Individual human action has low or no effect on the world.

2. Mainstream news is mostly honest and reflects reality.

3. Institutions are trustworthy

4. Thinking via convention is the only worthwhile thought pattern.

5. Comfort is the highest pursuit in life, both physical and psychological.

6. Consumption is desirable, creation is not.

7. Authority figures are legitimate and deserve respect.

8. Conventional career paths are the most valuable in our society.

9. You can’t predict what will happen next.

10. Risk is intolerable and should be treated as such.

Merry Christmas 🎄 🎅 ❤️ ✨️

We just released our documentary on the Federal Reserve today and there’s already a suicide hotline link under the video

stopped caring a while ago, I can teach Bitcoin, but I can't make someone understand Bitcoin

nostr:note12zuqd9dkqv7x8dn8v2a3eq4aj8w9fza7s2rxclalrm0s933lvu9qeakzws

He's going after the whole damn bond market.

Who decides what constitutes "considerable value" and when? There is a good reason for the Green Card Lottery.

We are only human and don't know what the future holds. Potential is invisible until it unfolds.

Of course, the U.S. should not create incentives for people to enter the country if they have no intention of assimilating and contributing.

Dude, I love this! I really like the idea that data/comms are essentially synced across clients, as everyone seems to have their preferred. That seems like a big unlock.

My focus is on security at SaaS companies and of SaaS products (internally and externally), so I am very curious to explore the impacts on that side of things further. I have limited technical knowledge of Nostr at the moment, but was planning to start really diving in post Christmas.

I'd love to help out, if you think it would be useful!

Also, small and minor bit of feedback - I found the font selection very hard to read 😅

Why is there not more content on here defending Roger Verr? Seems like his case affects bitcoiners too and folks shouldn't still be salty about the block wars.

Deck is finished and being enjoyed.🙏

it’s finally over, bitcoin ded 😔

thankful for the federal reserve

without their genius everything ded

they save us from bitcoin

We need a circuit breaker in this market or it'll all go to hell.

Thought experiment.

Option # 1

Let’s say you have 10 bitcoin and we hit 2 million in the next few years.

You’re tempted so you sell it for 20 million dollars.

After taxes you’re be left with 16MM.

Which you use to comfortably generate 1.2MM a year in the tradfi markets.

So you take the money and retire.

Bitcoin crashes 60% back to 800k.

For a few years you feel like a genius. You enjoy your new rich person lifestyle.

You even buy back a few bitcoin. 2 to be exact. 20% of what you used to have.

Then bitcoin rises over the next decade to be worth 50 million per coin.

You’re worth 120 million now. And you decide to sell a little over half a coin and upgrade your lifestyle again to be able to generate an additional 2 million a year.

You’re now on paper worth 120 million, you generate 3.2 million a year (266k a month) and you’ve been largely stress free for the last decade.

Your kids will inherit roughly 1.62 bitcoin from you upon your death.

You have some level of regret about not hodling through, but you’ve been largely stress free and the mental health benefit was worth it in your mind.

Vs.

Option # 2

You have the same 10 bitcoin but you Hodl them.

Your stress levels are persistently higher.

You also decide to retire when Bitcoin hits 2 mil, but you decide to do so in bitcoin terms.

Your plan is to sell a little bitcoin as needed in order to fund your lifestyle.

This is roughly 1-3 million sats a month. Depending on bitcoin price.

Over the course of 10 years you end up selling or spending 2.4 bitcoin and are still left worth 7.6btc when bitcoin reaches 50 million.

Your net worth is 380 million.

You’ve reduced your lifestyle in bitcoin terms down to a million sats a month. (500k) or 6 million per year. You’re 46, Assuming you live until you’re 90 you will pass down 2.32 bitcoin to your kids.

You have no regrets about the way you played it, but your stress was consistently higher and there were a few scary months along the way.

Which option do you choose?

1 or 2?

What now... laser ray to 100k again?

It seems nearly every bond is down to its lowest point for its been decades, depending on

The 2yr, 5yr, 10yr, 30yr…

Seems hard to execute. You'd have e to do it in every city, citywide, or other people in unaffected areas won't care. Recall the Ebola scare in Dallas in 2014. The scare was real, but no one got alarmed in nearby Plano. The issue wasn't there. When an effect is localized, and it isn't clear that it can spread, people will for the most part go about their business.

China Evening Missive

So there was, in the end, a Politburo meeting held in advance of the Central Economic Work Conference. Now we have everyone feverishly trying to dissect exactly what the wording of the official statement means. Here’s my take; increased optionality.

What do I mean by this? Well, it should be no surprise that the Politburo centered on the applicability of both monetary and fiscal tools to support the economy. Commentary will latch on to words like “proactive” and “loose” as some sort of indication of what is intended. Honestly, it could mean just about anything. It’ll all depend on how overall economic activity trends in the coming months.

The overall aim is to widen HOW monetary and fiscal tools could be applied with the operative word here being “could”. In true Chinese fashion the details are left to the imagination. I should add that the statement did, and for the first time I believe, specifically addresses stabilizing the property and stock markets. This would align with the growing consensus outlook of an indirect household stimulus via the “Wealth Effect”. Maybe, but there remains an over abundance of caution.

This all looks great on paper as we say. From what I can gather, the policy priority remains unchanged. System-wide deleveraging. Expectations for nearly two years centered on some sort of large fiscal stimulus response. It’s not yet happened, and I remain doubtful that it will in 2025. Having said that, the Politburo – this time around – did give itself greater optionality.

Strength is not in being right, it’s about being able to stop watching the price, unplugging, and watching some tv with the woman who just cooked your family dinner.

I’m worried he’s already become too easy of a centralized target. Hope you’re right about the covert cooperation- would be a way for the US to get their strategic reserve without getting front run…

It only works because of mis-priced debt. The “perpetual” side of the equation is just the manipulated dollar debt markets. In other words, horribly fake interest rates.

This is why they will inevitably HAVE to find any way they can to make it illegal to issue debt to buy #Bitcoin. But it won’t make a difference in the long run. Real interest rates will simply return to the 20% range or around there, because our current interest rates are just absurd. The thing that bitcoin was ALWAYS going to do that will have more impact on the world than anything else, was reprice debt.

The “perpetual motion machine” will keep working until the interest is no longer under their control, or until stocks are valued by their price in sats. Until then they will fight it as hard as they can.

Expect lies and attacks about what he is doing in the meantime. nostr:note1lse5ueqm35mt3e8sjsksjxdyxzh4kzssugeh9eqfewk7apahlx2smd2de6

MSTR did not find a glitch, they are just taking on risk, which works as long as there isn't a massive crash

Bitcoin does have a way of flushing out massive amounts of leverage. Not saying it will happen, but it CAN happen

To summarize:

- convertible notes: give option to debt holders to convert into shares, diluting current share holders. But if it doesn't pump, can only pay back by selling BTC.

- straight debt: mstr doesn't have enough income to pay back all debt holders, so they can become a forced seller of coins or shares (dilution) during a dump of BTC or mstr stonk

- their force sells can dump the price further creating a death loop of even more selling

Yes it looks genius after a huge pump but it could potentially be lights out if we crash 70%

But we probably won't