Last night at the bar my friend asked me why I had never told him about bitcoin?

I was like I’ve told you every time I’ve seen you for the last 10 years. Probably 100 times at least.

“No you didn’t bro, I would remember that”

lol why are they like this?

GM

GM 🐸

Considering the pre-mine, was it ever really proof of work?

Proof of startup capital straight to proof of stake, with a few college years experimenting with hashing in between to do the centrally coordinated dance of decentralization.

Tesla Model 3 less than 0.5 BTC………

Imagine buying it for 2.75 BTC when #Bitcoin was in the recesses at 16k!

It’s all going to zero against #Bitcoin………..

Uno card reverse.

I tell people all the time, go meet your winemaker.

But that’s useless advice if you don’t know what questions to ask.

Here’s where I would start.

Your goal is to get them talking. To do that, you need to come off curious and compassionate, not accusatory. You’re not trying to catch them in a lie. You’re trying to learn how they think.

Start with sulfites.

You could say something like,

“I know all wine has sulfites, but I keep hearing they’re overused in a lot of wines out there.”

That’ll open the door. If they immediately agree, you’re probably talking to someone who’s thinking carefully about what goes in their wine. If they bristle or start defending heavy use, there’s a good chance it’s a more conventional approach. And if they’re using a lot of sulfites, they’re probably using a lot of other stuff too.

Then ask about the vineyard.

Not, “Do you spray?” That comes off combative. Instead, ask,

“What’s the biggest weed, pest, or fungus issue you deal with?”

Then follow with,

“That sounds like a nightmare. What can be done to stop it?”

Their answer is going to tell you everything. You may need to look up a spray name later, but the tone of the conversation will already have given you what you need. Listen for whether they talk about the land like it’s something they’re connected to, or something they’re trying to control.

Personally, I’m a big vibes guy.

If it feels off, if they’re defensive, cagey, or dodging the question, that’s your answer.

Trust your gut. It’s good at tasting wine too.

Man, when will a house be 0.25 BTC? That's the dream.

Crypto is doomed and always has been…

All crypto suffers from the same risk and will ultimately reach the same end as #ETH is coming to.

The reason 90% of the "investors" buying any particular “crypto token” are there in the first place, is because they were excited about the “cool new hyped tech that will launch to the moon!” It’s only interesting to the majority of them because it’s illiquid and could rocket up quickly, and because it’s got a fresh new narrative that makes great marketing. Meaning after their token is already somewhat established, they all just look for its replacement. They are in love with the commercial for it, while the long term reality is boring, so they just move on to the next great looking commercial.

Only the new crypto with “better tech” can fulfill a narrative of being "new" and the promise of overnight riches. It must have low enough liquidity to jump 300% in a few days. In fact most only find their "new token" because they looked at a bunch of charts, saw a ton of green candles, and then went to read their website and join their discord. As soon as their current token can no longer provide that energy and hype, the overwhelming majority lose interest and move to the next one.

This is why there are MILLIONS of these things.

We will see this chart over and over and over again, but it will increasingly be on shorter and shorter time frames as the infrastructure matures and slowly Bitcoin eats any and every random "utility" that crypto bros are certain needs its own blockchain and consensus system -- for no good reason (which is a very small set of uses anyway).

Consider, what on earth can ETH not do in a world where almost every claim I’ve seen of “utility” that has any real use is about creating tokens and trading them in token swapping markets? Did ETH lose the ability to do those things, or has it just become old news?

The reality is that $ETH is literally the poster child for the entire crypto narrative... and it’s failing. The fall of ETH isn’t a signal that there is "better crypto," it’s the signal that the entire crypto narrative is nonsense.

The crypto ecosystem made one grave error due to ignorance of the role that money plays. Being a trustworthy, incorruptible set of rules for the definition and ownership of the money itself is the most foundational and, by orders of magnitude, the most valuable utility. Every last one of the 10s of millions of tokens they printed cannot even slightly compete with the assurances and consistency that Bitcoin provides. And because of that, they will all suffer the same fate together.

But that’s just my 2 sats.

When you see millions of highly disagreeable people converging on the same conclusion, you should probably take that conclusion seriously. This is precisely what took my conviction level in #Bitcoin to infinity.

GM

gm, good people. ☕️ Happy Friday.