Becoming known as a fighter does bring a certain amount of excitement to each and everything I choose to do and do well. nostr:note16jnlzc936hdquv5jslegjc5dlp5u8pm57m2fgfzxs965xp5qnuws3eg80a

TIL: hodling almost all of your net worth in bitcoin is a form of type 3 fun nostr:note1uh6t6dd6e5llm2ljxu7gwmdrdv7jmeqvpqdz69wace8wx52x9a4q632x37

But not with bitcoin. People will increasingly opt out.

Also, the El Salvador front has been uncharacteristically quiet. As have many of the bitcoin “influencers” … feels like something is up. nostr:note1c33ywshgyqzs6tw3z3avhagn4tw32k6an8drtnsyx6sne6hm7l8qvfjs7r

They’ve been able to extend their runway a lot longer than I anticipated.

Even this bitcoin price action and their maneuvers to suppress it since FTX & BlockFi & Celsius … honestly it has been impressive. I wonder how much longer they can go…?

What’s the next show to drop on the fiat economy? A la the “surprise” banking crisis in March 2023.

United States housing market starting to slow down? Commercial real estate has to be getting close? Japan? Europe? China real estate? Tesla, NVIDIA? Oil price shock?

Range offered was 50-70 … rules not followed.

70

Has there been any discussion here focused on the WHY in why Germany was selling their bitcoin? What’s the motive? What’s the angle? What’s the interest? What’s the incentive?

What I think I know:

(1) the bitcoin sale was a very public action

(2) basic analyses would suggest now is a terrible time to sell for profit

(3) it wasn’t done gradually over several weeks…executed more like a liquidity test

(4) European elections in France & UK effectively the same week as the sale

They’ll definitely have to run the printers this year.

You can either spend your bitcoin or realize the appreciation of holding it.

A decision to invest capital is always being made aganst the alternative of buying and holding bitcoin.

I see your point and you’re not wrong…but the electricity value is the easiest proxy for domestic energy production (OR proximity to energy production). If as a country you don’t have access to or produce electricity, you won’t develop industry, which elevates standard of living. Access to affordable, useable energy at scale relative to your population is critical…the countries in the bottom left don’t have that…the countries in the top right do.

Bitcoin is worth $10M+ (in today’s purchasing power) per btc or $0. There is no middle ground.

Tick tock, next block.

nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m should start reporting the % of global bitcoin production MicroStrategy buys in the headline of their press releases.

If MicroStrategy buy 12k bitcoins in a quarter, that’s 26+ days production. So for that quarter MicroStrategy would have acquired ~30% total global bitcoin production.

This is probably the angle that destroys the existing system. Boomers don’t care now…but they will. Soon. nostr:note1dg8sn4vm4wmyw2alv0s8weuvgw6pvernpgdqaugl6g4zsgghsalqxp96gd

Bring it on. 2 more weeks of capitulation? nostr:note1qqp5as6hmzw0npv37dasnkys3w6addl5xzh786d6vg2s4g85mqyqnsdj63

…All 5 of them…

Too close to home, bro. nostr:note1hsxy4k68hl7ck44agsqh4dqq2nyyf362gmze4lrv4ktgr6tvx9asct0hu5

This is a great, great clip.

Who are the best homesteaders to follow on NOSTR?