Well … unfortunately for them … while they start to understand the implications and try to turn the key on their propaganda machine, the bitcoin protocol and associated price action will outmaneuver them faster than what they can implement.
When Bitcoin is $1M/BTC in the next 5 years and they’re just achieving their early consensus about the implications on the financial, energy, bureaucratic industries in the United States, it will be too late.
Yeah, not enough. I want them in the MSTR disclosures.
nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m should provide proof of reserves.
Get ahead of these concerns that the “crypto anarchists” are going to be harping on since he started being intellectually inconsistent on these podcasts talking yield, etc. nostr:note14azdsps76wh78q8h4l53pvppqjxt5u23daqctvtxua24p735yg5qn7v4px
Agreed. Something is afoot. Even if the something is “fiduciary duty” … it is still intellectually inconsistent. nostr:note14azdsps76wh78q8h4l53pvppqjxt5u23daqctvtxua24p735yg5qn7v4px
He’s having trouble getting traction.
His manifesto (linked) - which he worked really hard to produce - doesn’t have nearly the traction he had hoped for. Twitter didn’t give him the visibility he was hoping for. He feels like the NOSTR experience won’t work because no algorithms.
Let’s get this trending. Show nostr:npub1ndketdm2qyv35nrhsxzks8kh7w7w6tll4rjp29hv0qjqkgfjsh6snmgk2v nostr can work… nostr:note19j3nyt5qqmddst6gmfq7h8gculurh4nxssgtfgxu5hf9gs7pwkjq58mq2y
Hey nostr:npub1ndketdm2qyv35nrhsxzks8kh7w7w6tll4rjp29hv0qjqkgfjsh6snmgk2v … have you ever thought about limiting the time your originals are on the market? So nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx can’t wait until btc pumps to get what he wants. Also, you can offer everything on market 12 months post halving at high mark-ups.
Play the cycles.
Hey nostr:npub1ndketdm2qyv35nrhsxzks8kh7w7w6tll4rjp29hv0qjqkgfjsh6snmgk2v … have you ever thought about limiting the time your originals are on the market? So nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx can’t wait until btc pumps to get what he wants. Also, you can offer everything on market 12 months post halving at high mark-ups.
by nostr:npub13l3lyslfzyscrqg8saw4r09y70702s6r025hz52sajqrvdvf88zskh8xc2
This new paper is a true declaration of war: the ECB claims that early #bitcoin adopters steal economic value from latecomers. I strongly believe authorities will use this luddite argument to enact harsh taxes or bans. Check 🧵 for why:
Rather than praising bitcoin as a tech paradigm shift à la petroleum and the internet, the authors introduce the blatantly luddite argument that "early adopters" ... "increase their real wealth and consumption" ... "at the expense of [latecomers]".
Then they go on to brazenly advocate for legislation ... "to prevent bitcoin prices from rising or to see bitcoin disappear altogether" in order to prevent "the division of society".
The authors also model some projections, to illustrate the paltry amount of BTC that will remain available for latecomers. (Woe is me! Conspicuously left out is the reason that has driven 15 years of bitcoin adoption & development: it's simply better tech.)
In all the years I've been monitoring the bitcoin space, this is by far the most aggressive paper to come from authorities. The gloves are off. It's clear that these central bank economists now see bitcoin as an existential threat, to be attacked with any means possible.
Many of us have warned that this was coming: bitcoin as a major political fault line both in national and international elections. Well here it is. It means that us HODLers must take action to insure that governments respect our basic right to hold property.
And no, this won't be a war between haves and have-nots. Rather this will be a historic clash between those who stand for the natural rights of the individual, and those who clutch at the failed ideologies of collectivism and central planning.
Here's the download link to the paper: "The distributional consequences of Bitcoin". (We need detailed rebuttals. Who's writing one?)
Compensation for risks taken. Sanctity of contracts. Freedom to allocate scarce resources to their most productive ends.
Basic capitalist premises protect this strawman argument. The EU is broken. The ECB will capitulate soon.
Small, decentralized flows of information are most relevant for small, local communities.
Large, bulk information flow (like the stuff shared on nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq for example) can be done efficiently through large, central channels.
Good to have the flexibility for both … network effects are critical for smaller information flows.
Hot take: nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy was directionally correct with his side of the mempools clearing bet, but nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx is going to be technically correct because we have a confusingly large group of obnoxious 1 sat/vbyte people that refuse to pay 4 cents more for a transaction to clear.
So they didn’t clear, though? nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx is still right?
If you don’t, don’t … Sweetness … Polaris -Jimmy Eat World
Wave on Wave - Pat Green
Trap Queen - Fetty Wap
#41 … Gray Street - DMB
Big Country - Bella Fleck and the Flecktones
Wagon Wheel - Old Crow Medicine show
Bonfire - Childish Gambino
Blank Space - T Swift
Over my Head (Cable Car) & How to Save a Life - The Fray
Round Here - Counting Crows
If NGU, no one will fail to pass it down. And self-interest will ensure the best practices are passed down. No one who is 100% in bitcoin is going to be 100% in ETFs or have coins custodied on exchanges. Or not running a node. Or not running a few bitaxes.
Lindy tech perpetuates itself.
📈🔥🚀
re: self custody…You have Burnett and Saylor going on the OnRamp podcast saying self custody isn’t practical as bitcoin the asset scales due to transaction fees.
Pardon or commute the sentence of* both should qualify. Free Ross.
The bet should be a Day 1 bet since that’s the DJT promise and it’s the only way Ross is standing on a stage in Vegas next year.
I disagree. It enforces economic constraints on the institution of government and punishes irrationality by the people.
Democracy gets more local, smaller, and more efficient with bitcoin. In turn and with time, the federal apparatus will benefit too.
Need NGU to make this theory into a reality.
They played the game within the rules of the game. Can’t fault the individuals nor the institution for winning the game.
My preference would be for bitcoin to change the rules of the game to be less favorable for them rather than to impose more fiat rules onto them … even if the proposed rules are more in line with my preferences.
That’s why NGU is so important. NGU enforces the new rules. Without NGU we just have a separate game that others don’t have to play. When NGU, the new rules are imposed on all economic actors - individuals and institutions alike.
📈🔥🚀
Either
(1) Taxes are theft
Or
(2) Taxes are legitimate and should be levied fairly
This somehow is neither. This is politicized monetary policy. A pass for me.