LFG RFK! Is this real? What’s the context for this interview? nostr:note1snzc4d2wynty8dt8k8ccqm075n45c5zd4q8057kszy250xujgeasekcjn8
What happens when it becomes clear to the greater public that these Central Bankers were wrong with their takes on bitcoin?
Worst. Bull. Run. Ever. nostr:note1rn8ar7caaa2qtqz0lksax8lphwrnylusc7mdqs577pnvxuqagmfqw0mv6p
Worst. Bull. Run. Ever. nostr:note1jhzuauhh9qyvwgetc2vknusfdnx75d9zr0np9phs48q2drf4x9nsgupudd
The Mormon Church has accumulated immense wealth on the backs of the productivity of their capable and undeniably devout following. I expect those skills will serve them well in stacking bitcoins.
Until the government funding and service model shifts, SBRs are going to be critically important to manage the social volatility that a return to sound money will bring. There will be a lot of government services that will stop and there will be instances where a small percentage of people really were dependent on those services and NEED help.
What keeps us civilized is our heart. Once governments can’t spend frivolously, the SBRs will be the way they help their citizens transition (as successfully as possible) to the new bitcoin standard paradigm.
They won’t be able to hold those bitcoins indefinitely because governments inherently aren’t adding value. So they’ll shrink over time, regardless.
Something tells me the Mormons are gonna do this better than any other state. nostr:note102rvnq5zn6a8a02x6tmhljnpkwt0agnvuqvwv9mf0wv7v49zu73qgez5yd
ETFs sold 5000+ bitcoin yesterday and the conversion rate dropped ~$7000/btc … just as we are judging the appropriate elasticity for when MSTR buys its 10,000+ bitcoin.
Nah. Electric transport is a scam. Internal combustion engine is the way to ensure personal freedom of movement. Sovereignty.
I don't fanboy much but this video made me respect nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle
https://cdn.satellite.earth/7d358a130f2d47b523dcd50935e22db602e30d93616dcc31c461db6cf4e0277e.mp4
Very cool
I personally believe that without market manipulations (i.e. FTX last cycle, ??? this cycle) we would be closer to S2F valuation rather than the Power law valuation.
But obviously we’re not there with respect to price so I am wrong. But I don’t think I am wrong…but I am still wrong.
Power Law is the bear case. It was published in response to S2F popularity.
Stock to flow is more representative of true free market dynamics.
I think folks are starting to understand that there is effectively no sustained profit for commodities.
Without monopolies and economies of scale afforded by network effects, valuations for AI should be closer to an oil and gas producer not a SAAS or advertising-funded digital business.
Still have a long way to go until NVIDIA is appropriately priced.
When is the next big print gonna be? I remember hearing Fred Thiel talk in November 2023 … he was asked about the upcoming halving and subsequent bull market and he said global liquidity was all that mattered. At the time, I thought it was a bearish (or at best conservative) comment but now - being 9 months post halving with only 40% appreciation above last cycle’s ATH - I’m wondering how accurate that assertion might have been.
Saudi Arabia is believed to have about 3% of world oil demand in spare capacity that can be rapidly activated. UAE is another ~1%, and Iraq and Kuwait together another 1%. That alone would replace half of Russia's entire production. Which is exactly why convincing Saudi Arabia to produce more oil could do significant harm to Russia.
Russia disappearing tomorrow wouldn't be a big deal.
Anyway, if you're actually worried about that, you should have been preparing for it years ago. It was obvious to anyone with a brain that Ukraine can defeat Russia, and that Russian oil and gas production is highly vulnerable.
This is just one of dozens of videos of Russian oil infrastructure getting blown up that has come out in the past month:
https://video.nostr.build/ef1e4374383a47d83f18ef2a105bfcbbccea987dfd75297e87760c6f1829eaca.mp4
Sites all over Russia are getting successfully hit by Ukrainian drones.
This is just not accurate for a number of reasons.
The US doesn’t want Saudi to have any more influence than they already do, for starters. Not to mention that after 80 years of producing, their oil fields don’t have the technical capacity to ramp up and down like they used to. The fields are nearing their decline curve.
Further, the oil price can’t go up … at all. In fact, it needs to go down … a lot … for Trump to “win” his fight against inflation. Trump will not allow 10% of the global oil market be disrupted. Even for 3-6 months.
Russia wins vs. Ukraine. Always was going to win. Trump is signaling that he expects it will resolve soon. Ukraine is willing to give up territory. Russia is signaling they’re okay if reasonable demands are met.
Never should have pushed NATO as far as we did. American hubris didn’t appreciate its limits.
I feel like it has a lot lower to go before it is done.