No other issues matter. Fix the money first and the rest sorts itself out. Don’t fix the money and no other actions taken by anyone matter.

Bitcoin 2024

If done quickly, the immediate local economic implications would be massive. So many towns are built around the funneling of government dollars into communities that otherwise (1) would be much smaller or (2) wouldn’t exist.

Middle America would be unrecognizable from what it looks like today.

Texas would be relatively among the strongest because of their energy abundance. Florida would suffer from Social Security reform. Lots of the Midwest and Deep South would get absolutely wrecked.

Immediately, home valuations would plummet, supply chains would be disrupted, and society would likely decay rapidly.

Longer-term it’d all work itself out but the detox period would be pretty bad and last a few years.

Look into Atlas Shrugged

“Going Galt” is a nice phrase.

Early days, nostr:npub1w69ya7xs697hk3hky3gllryz8rwverfa0ylz89chf9qnhfcskc2s64zltw position was that NOSTR was a waste of time because (as I understood his argument) bitcoin wins without it but the critical step to bitcoin winning was medium of exchange functionality. He was annoyed with nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx and nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy for taking their eye off of the ball with respect to bitcoin and MOE development.

I expect Japan to be the first major economy to implement a bitcoin reserve.

nostr:npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcm

Yep. Don’t destroy capital is a good tenet to live by.

The shorts are getting a little big for their britches. My guess is the next liquidation action is going to be up.

$0.10/month

This is the kinda stupid propaganda that fiat academics pass as truth in order to continue getting funding.

(1) Laws of Thermodynamics and (2) basic economics will keep this from happening.

If the concentration of nutrients isn’t naturally available under standard conditions, throwing money at trying to change the conditions won’t be as economic as just simply moving that person / persons who would benefit from this impossible technology to the place that has the actual nutrient density.

Feedback from a well-intended TFTC listener: Too many poorly articulated references to macro charts that an audio podcaster couldn’t see. Finally pulled up the YouTube version to follow along and the charts weren’t polished and there was quite a bit of mouse waving and generalizing with poor fitting axis and timelines.

Felt like this episode was content for contents’ sake. Like the theme was solid but the details were rushed and unpolished.

…Easy to be a critic…

Also - to belabor a conversation about price action a little while longer - isn’t 6 months of sideways down crab a pretty dramatic / unprecedented period of relatively low (and generally negative) sentiment?

The dramatic price action when FTX, et al blew up was more liquidity issues coinciding with sudden demand destruction … but that’s not what we have now.

ETFs have increased demand and accessibility, halving was 5 months ago in April, really there has been no negative news for bitcoin the protocol in several months, loosening monetary policy in the United States…a supply shock should be coming soon - no?

And while there have been some investors using Bitcoin to achieve short-term liquidity to manage these recent macro events (Japan carry trade) they can’t have too many bitcoins there for that strategy, can they? If there are major macro events and the money printer kicks off, won’t bitcoin the asset act like a safe haven as it did during the bank run in early 2023?

I guess I am curious why you think the bull is a ways off.

Maybe a bit of a romantic view of the town that could be out of date. Haven’t been since 2014. Enjoyed the heck out of it the dozen or so times I went 2012-2014.

I seriously hope you’re incorrect. I have plans that require a meaningful appreciation of my stack to begin implementing.

*checks price*

Not today. nostr:note1h48dhrkrkz00zygvgua0dk2sz78jdndssh8e2m0q9lqv5lh2qdlqhd44rh

When can I tell my in-laws “I told you so!”? Literally the only relationship I want to not be humble.

#bitcoin #stayhumble #stacksats

**Central planning doesn’t work.**

Social media companies don’t say things. We say things that the social media sites disseminate. Kamala wants her government to control distribution of what we hear by the voices they approve.

No. nostr:note1m8y3j99jn28yvqrl6l3zxkgapkwfys6wnsjhxc6yfexg48nnta7sykzx8n

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