Prediction: The GENIUS Act does way more harm than good for stablecoin markets and turns into a classic case of “be careful what you wish for”.

This seems like a terrible idea.

GM

Breaking: New Pope Leo announces he is converting all the Vatican cash reserves into Bitcoin.

All collections will be conducted via the Lightning Network and when asked for his reasoning he had this to say

"rocket ship, get on board, 100k and counting, I am bullish, bullish, bullish!

.webp

Wanted to pull the trigger and buy a 49" ultra widescreen monitor for under $1,000 but thankfully I checked the capability of my laptop graphics card first and realized it can't push that many pixels 🫠

The “China was ripping us off” is such a gaslight

US policymakers intentionally designed a system where we could get cheap stuff and labor from China to reduce inflation and costs of living here in America

The CCP has happy to play its part but this was intentional

We aren’t a victim here, we got to buy unlimited stuff with debt issuance with China as the factory with lower wages that we could possibly have here

Take China away and we have crazy inflation after the Great Financial Crisis

Today the system is wobbling, and needs some kind of reset, but don’t let them fool you into thinking we were getting “ripped off”

I’ve been looking at artists for my sci fi novel potential book cover, should I somehow decide to publish it.

These things often need advance planning, if you get a really good artist.

I don’t even know if my text is good, but assuming it is, I’m looking out 6+ months for a good artist.

Luckily my business throws out enough free cash flow that I don’t care financially. I just don’t want to hurt any artists’ feelings if I don’t use their stuff.

So I’m like, debating between two great artist portfolios. Part of me wanted to hire both, and then see which turns out better. But I didn’t want to hurt eithers’ feelings. I was like “maybe whichever one is not as good could be a limited edition.”

I wanted to run it by my husband, but I already knew what he would say. And yet, I asked him, and he was like “Yeah, hire both obviously. Fucking hunger games thereafter. Pick the best.”

Alas.

Okay, the govt of El Salvador is directly contradicting itself regarding how Bitcoin policy will change as a result of a loan agreement with the IMF

Let me show you. I brought receipts

Yesterday the IMF released a detailed (111 page) document outlining the agreement and supporting documentation

This includes a Letter of Intent (LOI) from, and signed by, the government of El Salvador dated Feb 11th. It outlines various financial reforms they intend to make as part of them asking for an IMF loan [screenshot1/ pages 68-69].

The El Salvador govt details the changes they are proposing, including the line "....as per agreement with the IMF, we will no longer accumulate new Bitcoins in our portfolio." [screenshot 2/ page77]

Clear definitions of what is considered 'the public sector' as well as a mandate prohibiting ANY new bitcoin accumulation (except via seizure) is additionally outlined [screenshot3/ page89]

That was released yesterday. Today, seemingly in response to Bitcoiners reading the agreement and pointing out various changes that were agreed upon, the president tweeted that Bitcoin accumulation is 'not stopping' [screenshot4]

So, WTF is happening? The El Salvador govt is disagreeing with itself--simultaneously saying they will stop accumulating Bitcoin AND that it is 'not stopping'

It's impossible for both to be true

So here is the result of a week of trying to restore my X account

Any suggestions?

District Court officially ordered to reverse sanctions against Tornado Cash

What are your favorite sci-fi novels?

Not necessarily the classics you *think* you should say (we'll leave those for Twitter/X), but rather the ones you actually read and loved.

What are your favorite sci-fi novels?

Not necessarily the classics you *think* you should say (we'll leave those for Twitter/X), but rather the ones you actually read and loved.

It's part of that stash yes, but not the entire amount, wouldn't be the first time they've sold off Bitcoin from forfeiture, perhaps it was in the works for some time, and they just want to wrap it up before Trump takes office. Even if this is dumbed they'll still over 100 000 BTC, but it would mean China is the largest government holder then

Christmas vibes in the office 🎄🎄🎄

random merchant on the street (who doesn't accept bitcoin) has this as his tipping jar. we've come far