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Kirk
d359b86ac108113616cfdf066984e22742a26899dd08a4fab0d9da8325ac5cab
Freedom Maximalist

Merry Christmas to all you crazy, wonderful Nostriches! 🎄

Is there any archive of the original Let's Talk Bitcoin podcast episodes (from 2013ish)?

The RSS feed only goes back to 2019: https://www.podbean.com/podcast-detail/sjaeb-91e5b/Speaking-of-Bitcoin-%28formerly-Let%27s-Talk-Bitcoin%21%29-Podcast

Those early shows with Andreas, Stephanie and Adam were absolute gems. Would suck if they've just been scrubbed from the internet forever.

We won't get another bull market until Blue Collar Bitcoin returns

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🎨 TO THE LAST LIGHT, Oil on board

✓ ORIGINAL oil painting (WITHOUT FRAME)

✓ Size: 50x40 cm

✓ Materials: Oil on board

✓ Completed: April 5, 2025

With this painting I would like to depict the last people left on earth as distant shadows walking toward the last light after abandoning the boat that saved them.

The last moment of hope surrounded by a breathtaking sunset.

(A tribute to Cees Vegh)

🎨 Available immediately!

This one-of-a-kind landscape painting will add charm to any space! 💫

Your purchase will be safely packaged and protected from damages and humidity.

Please note that the colors in the picture may vary, depending your monitor settings!

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Payment in:

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Price: 600,000 sats

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Stunning!

Feels right to be dumping on the anniversary of BitConnect launching

Something I've recently realized is the extent to which Israel completely controls the US far beyond its middle-eastern foreign policy.

If Javier Millei had all the same positions he currently holds, only instead of being slavishly devoted to Israel he was critical, do you think the US govt would be creating a strategic peso reserve to bail out Argentina?

Of course not.

If María Corina Machado wasn't a pro-Israel fanatic who proclaims that "the struggle of Venezuela is the struggle of Israel", would she be such a darling of the US establishment?

Not a chance.

You can believe anything about any other issue, but if you aren't full-throated in your support of a genocidal ethnostate in the middle-east you will find yourself arrested, deported, fired, cancelled, regime changed and just generally demonized.

Almsot everything the US govt does is first-and-foremost to aid Israel: there's the direct financial aid, there's the endless weapons, there's the intelligence support, there's vetoing every UN resolution against Israel, there's running diplomatic cover for Israel, there's firing Ivy league professors and expelling US students critical of Israel, there's criminalizing US firms boycotting Israel, there's criminalizing speech against Israel in states like Florida, there's all the financial aid to surrounding Arab states so they don't intervene on behalf of the Palestinians but instead assist Israel whilst keeping their population in check (these are just bribes to look the other way), there's bombing Iran on behalf of Israel, the entire terror wars...

It's endless and it's utterly sickening.

Two things stand out watching this 1981 episode of Phil Donahue:

1. The arguments for unschooling/home schooling are pretty unassailable.

2. Donahue was a master, and his popularity speaks to how we had more intellectual, more curious America. Ironically, I think the government schools have played a large role in why a show like this would not be feasible today.

https://youtu.be/fXLWPpln0rQ?si=fKFmZpRDDWVg3zT4

This is surprising to me. My experience with bitcoiners is that they tend be very generous, with the notable exception of MSTR and penny stock promoters.

With your ETH donations, were they all from wealthy holders or the Ethereum Foundation? That would speak less to the culture within Ethereum community itself and more to the fact that those with the biggest pre-mined bags feared the Tornado Cash trial would become an existential threat to Ethereum's existence.

I can't speak for 2013 and am not an OG, but the culture around Bitcoin was far more exciting during the 2018-2019 period.

Instead of simping for politicians, obsessing over zombie treasury companies, and arguing about things like op_return that don't matter, the discussion was serious and engaging. Lightning was just getting started, the earliest coinjoin implementations were launching, soft forks were actively being worked on and debated, the podcasters weren't all promoting penny stocks... It was a better time, imo.

This isn't hipster to recognize. We can be be glad that bitcoin is still alive, but there's more to bitcoin than NGU.

There's many ways in which things are better: Nostr exists now, there's a lot more sustainable funding for open source developers, bitcoin has been massively de-risked and normalized as an investment, and we've all gotten richer...but we've lost a lot too.

"Don't hate the player, hate the game" is one of those flippant things people say to absolve people of responsibility for the most blatantly unethical actions. It's a shitcoiner morality slogan.

It is possible at once to understand that we are living in a golden age of grift, and that systems have evolved to incentivize people to check their principles at the door for a buck. Still, everyone has agency and can choose not to sel their soul for a few bucks, a few clicks, a few likes.

It's important to find it within yourself to hate both the player AND the game.

A perhaps unpopular opinion that I firmly believe: MSTR has not even been net positive for bitcoin’s price. It’s been a negative on every front.

Replying to Avatar less

I generally despise politics and am neither a Republican or Democrat, but somebody needs to lay it out:

A Revolution--likely violent--is coming soon.

Income inequality in the US--and around the world--is reaching catastrophic proportions.

History says that this discrepancy in income and living standards is strongly correlated with Revolutions... usually bloody.

If the Ruling Elite and Billionaire Class don't address this developing situation with practical solutions in the near-term, then (I predict, based on historical precedent) that this will NOT end well for said Elites.

The current monetary and financial system has reached a breaking point and, if it is not proactively fixed, it will eventually be overthrown.

One clear example of the obnoxious and increasingly intolerable inequality is in the CEO-to-Worker compensation ratio (see graph).

Hope in the future of America is fading... and many lower income Americans are growing desperate.

In light of this and many other large (and widening) discrepancies, here are Five Fixes for the Ruling Elite and Billionaire Class to strongly consider (and quickly implement):

1. C-suite executives at all public and private US companies should immediately institute policies to lower their compensation packages and/or raise their Workers' compensation packages, in order to reach a CEO-to-Worker ratio of 30-to-1, or less.

2. Though long considered "untouchable," Social Security needs to be intelligently adjusted. I know many wealthy American seniors who neither need nor even want to receive Social Security payments, and would actually be relieved if their payments went instead to their fellow Americans who are suffering financially. -- SOLUTION: Immediately phase-out Social Security payments to senior Americans in the highest income deciles and transfer these same payments to younger Americans in the lowest income deciles.

3. A progressive (income-based) student debt jubilee. -- While I believe strongly in general debt repayment obligations, many recent college graduates are straddled with large levels of debt while available jobs are vanishing. Negative income and a negative net worth cannot be survived for long, as even basic food and shelter needs become out of reach. This becomes an impossible situation to navigate... eventually leading to desperate (likely violent) actions. -- Such hopelessness and aggression are already manifest in high and rising rates of drug and alcohol usage, riots, suicide, and homicide.

4. Disincentivize ownership of multiple homes. -- Many younger Americans are simply priced out of home ownership, while many older Americans own two or more homes. This discrepancy is increasingly insufferable to younger Americans. -- SOLUTION: Americans can easily be disincentivized to own more than one home through tax policy. Doing so would cause many older Americans to try to sell their additional homes, increasing market supply, and decreasing prices to a reasonable level.

5. Increase the progressive Death Tax for the ultra-wealthy. -- Allow entrepreneurial Billionaires and (soon) Trillionaires to enjoy the fruits of their labors while they are alive, but then let the living standards of all Americans be raised upon their passing. Multi-generational family dynasties are over-rated and generally unproductive. -- SOLUTION: Directly transfer progressive Death Tax proceeds to lower income Americans. Make these transfer payments open-source, so everyone can watch the benefits of the inventive and industrious citizens accrue to all Americans.

--------

Finally, I believe that the coming Age of AI and Robotics will only accelerate the above-mentioned trends and accentuate the need for shrewd and well-timed solutions.

It is time for the Ruling Elite and Billionaire Class to act while they still can, or (as history shows) the Worker Class will rise up and do the dirty work for them.

While I agree that current inequality is out-of-control, the solution to the inequality and injustice produced by govt central planning is not to institute more central planning?

Aside from the hubris of this, think of what it would take and mean to enforce these.

Number 1 is unenforcable without a draconian left of govt overreach. Even then, how do we determine what CEO's compensation? Often it is in stock and stock options, with the dollar amount being nominally low. And then how do you determine who consitutes a worker? Does it include part-time employees doing gig work? Will companies be forced to pay the nighttime janitor 1/30th of the CEOs "compensation"?

Number 3 perversely incentivizes either graduates to earn a low income so that they qualify for the jubilee. How about just ending state involvment in the student loan business altogether and allow sudent loan holders to declare bankruptcy?

Number 5 is just turning to govt into an even bigger grave robber...

This is the inverse of reality. The far larger threat to bitcoin is inadequate developer interest, talent and funding. If I were a spook I would try to make bitcoin development as thankless and miserable an experience as possible, wait for a critical bug to be introduced due to inadequate review and exploit it to destroy confidence in the network and asset.

While I agree that “everything is good for bitcoin” is mostly true, I don’t think it pertains just to attacks that don’t kill or meaningfully cripple bitcoin.

Shitcoins are the prime example here. They aren’t able to outcompete bitcoin in the marketplace, but they have been wildly successful at poisoning public sentiment. People see the grifting and associate it with bitcoin…they aren’t particularly discerning with their hatred.

Even otherwise intelligent and thoughtful people, like Cory Doctorow, can’t seem to disentangle bitcoin from “crypto”. It’s all just a VC and tech bro con.

This reputational damage has proven to be fairly durable, which I think is why we haven’t seen much retail interest in bitcoin this cycle (even though the we’ve 6x’d since the 2022 lows).

Anecdotally, I have many casual friends, who were previously at least open to bitcoin and are now ideologically opposed to it.

To give an example: a couple days ago I was having my annual fantasy football draft zoom with 11 guys I went to high school with, and the topic of bitcoin came up. One of the guys is a professional videographer. He was talking about having just been hired to film Eric Trump at the Bitcoin Asia conference in Hong Kong a week ago, and apparently had been re-hired to do another shoot during Eric’s travels in Japan.

The body language and derisive comments from guys on the call, not towards Trump but rather bitcoin itself, made me think that there is literally no price bitcoin can go to where these guys will ever purchase any. They will only hate it more as it grows.

I can’t say how exactly it will manifest, but this will hurt bitcoin at some point. It certainly won’t kill it, but there are going to be political backlashes in a lot of countries where politicians tap into this animosity.

I know npub1n3sjlzmhpu8rl56umtptc4lua6zkretq2p82yhytnmlcuq639vlqd0te5l and others have done great work showing how bitcoin is widely owned by people across the political spectrum. What I would be curious to see, though, is how prevalent extremely negative sentiment towards bitcoin is amongst the population, how rigid those beliefs are, and where those people lie politically.

This is very fiat, but are there any Nostrich Fantasy Football leagues going this year?

If not, I'm keen to make one. I'm thinking 250k sats buy-in.

Replying to Avatar psy𝑓er

Evening vibe code 🧩

https://www.cyphermunkhouse.com/wonderabbit

#bitcoin #wonderabbit #puzzle #nostr nostr:npub1hvqhft3p5m9vrg9fez62cm4lmftvu5tqtsc4kxpyju9uya0hywdq3ny4jq nostr:npub1f67fx3frvek8n5hhkp07wfe4f45x9gl9awe5pzeh6aa3tkzzuresq0v7hw nostr:npub1zzw200pqzvze99k4n9w9fzfjwjme642eldcw4whpxue95388cf4q9ww9l9

Nice! Just purchased my ticket 🎫

I think it did this to support stable coins more than ETH

MSTR and Saylor are primed to set the Bitcoin world on fire. He has around 40 billion available to him. 21bil STRK issuance, 4 bil ? MSTR issuance and 16 bil? in converts.

He made a strange little buy last week. Why? To say he bought. He will make a strange little buy this week. Why? To say he bought. The last week in March I think he goes bananas and buys 21 billion maybe more and starts a short liquidation cascade. He pushes the price as high as he possible can on the last day of March. Why? He can only be added to the SP500 once. He can only do his first FASB accounting once.

The higher BTC is at close on 31 March the higher the profit for all the BTC he has written down over the entire time they have bought. They have had to write BTC down to the lowest point that BTC has hits the entire time that they owned it. After a buy it can only go down in value and can never go up with the old accounting. If BTC just closes at 90K on 31 March he posts: 12 month rolling EPS $64 12 month rolling P/E 4.5. It will shoot up min to 10 P/E immediately, around $650 per share. Blue sky break out. SP500 inclusion criteria met. SP500 will 100% add them because they would be stupid not to. People will realize it should have at a minimum 50 P/E the average of the top 10 stocks in the SP500 . That would put them at 750bil market cap.

Pending SP500 inclusion and 150Bil bigger than tesla when it went in and to this point the biggest market cap to ever get added. If MSTR is included in the S&P 500 at a $750 billion market cap:

Initial passive fund purchase required: $127.5 billion

Quarterly passive fund allocation to MSTR: $5.1 billion per quarter

This means that just from passive S&P 500 index tracking funds, MSTR would see an immediate $127.5B inflow, and then $5.1B every quarter moving forward. If BTC supply is still tight, this could create a continuous bid under MSTR’s stock.

At $750 Bil MC they would be #8 in the SP500 just behind the Magnificant 7. All this money and attention will push them even higher. Their premium over MNAV will be over 10x higher than it is now and only fuel Saylor's money raising fever and ablity because he will them be printing $20 USD plus of BTC for every $1 MNAV BTC that he has when he sells a share. the price action will also wipe the board completely clean of convertible debt.

The black hole will open. MSTR will be the biggest company on the planet and over $5000 by the end of the year and their BTC buying will push BTC value into the millions. You're welcome for the heads up. You have til the end of March to load up on BTC or MSTR after that you are going to be living in massive regret if you still own any chairs.

PS all this is if the price only pushes up to 90K. What if he gets it chugging, shorts start getting liquidated, nations start FOMO'n all during the last week and it runs to 100K, 110K, 120K? Game Fucking Over!!!!

I'm really not a fan of MSTR getting these kinds of passive flows.

Within bitcoin we rightly view yield with a mixture of suspicion and contempt, often saying things like "you are the yield".

MSTR stock has a perpetual gravity that pushes the stock price back to the value of their bitcoin treasury. The way Saylor generates his "BTC yield" is from indiscriminate buyers who pile in at multiples to MSTR's underlying bitcoin holdings. They are the ones being harvested.

Having retail investors passively and indiscriminately buying this thing every month makes them easy to harvest. Being charitable, MSTR is a strategic trading vehicle and shouldn't be treated as something you just allocate to the same way you DCA bitcoin.

nostr:nevent1qvzqqqqqqypzqj38eme79hvrxrj0yg0trwnalwajn0gvfn9lfptzlamyu4gks8lpqywhwumn8ghj7un9d3shjtn8v4jkk6tpd5h8xetjwe5kxetn9uq3qamnwvaz7tmndakx7cm09ehxctcqyzqrdkj7pkhz7w02kq3dq4q2lz75y9k7fx9qvzs3l858hkr5nk3kkce20pc

I like how, when a zap fails to send on Primal, it gives you a notification with the option "No"

Why not have cameras inside all the homes to curb domestic violence?

I'm seeing a lot of posts mourning the death of David Lynch. It's made me want to learn what it is about his work that folks here clearly love so much.

As someone who has never seen anything by David Lynch, where should I start?

I increasingly worry that the block size wars were a Pyrrhic victory. It conditioned an unhealthy reactivity and knee-jerk opposition to all proposed protocol changes, regardless of merit.

In any case, happy Genesis Day.

Iyah has incredible talent! I really hope this doesn't turn out to be another 'Rich Men North of Richmond'. Her voice is much needed in our crazy world.

https://youtu.be/y29kmnhjtc8?si=TRckyzELOx99pJDC

Ross Stevens just dropped his latest investor letter. As always, beautifully written and an absolute must-read.

https://www.nydig.com/research/stone-ridge-2024-investor-letter

The NZD is like one of those shitcoins that doesn't even make the first page of Coinmarketcap.

I get that he is the lesser of the evils, but the idea that Trump was this principled man of the people who had a vision to save the republic, and would have if it weren't for that meddling senate, is simply false.

I think this is the Saylor-effect on Bitcoin culture. It's not so much that any of the people who were preaching self-sovereignty in 2020 have changed their tune, it's just that bitcoin has gone more mainstream and those with the largest microphone now don't care about freedom tech.

For some reason YT decided to feed this up to me today 😂

Mike is one of those guys who is ideologically such a Statist that bitcoin's success is both a repudiation of everything he believes, and deeply threatening to the "reasonable, centrist, adult-in-the-room" soft authoritarianism he yearns to see enacted across the world.

Mike is the man for whom the "Have Fun Staying Poor" meme was invented. He is poor in the sense that really matters: intellectually bereft and morally bankrupt... And I can only hope bitcoin's continued rise will make him reputationally destitute as well.

nostr:npub1d3f4m9dgvkdjxn26pqzsxn6lpfn78sxwllxyt8mp76q0a9zyyjlswhr4xv

You can't convince me this is healthy