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Jerome Loman
d4eb1666a9434cdb61c5b63057b8c2602c202b735ae0386e568a76ce355f9526
Dad engineer Software developer Quant commodity trader bitcoin not crypto Boat builder Sailor Water sports addict

You can just switch jobs, then you can roll over 401k into an ira and either get the etf or transfer to unchained or Swann IRA

Lutnick filing shows he has 100m secured loan from Bank of America.

One at sofr + 1.65% and another at sofr + 2.25%

While for the rest if us Prime rate has been 3.2 % over sofr past 5 years for over collaterized loan.

Cantillon effect is real.

To be fair BOA is still making a killing from his deposits and these loans.

šŸ’Æ everyone I know in trade fi thinks they have missed it and/or that they can keep getting ahead of money being debased.

It’s an ego test.

Bound by laws of thermodynamics and entropy. Can’t make something out of nothing.

Replying to Avatar Vanessa

Try nostr:npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch . Here’s a tutorial: nostr:note1y7lzd6v6a5fj5hnjw32gzjrv7u7fzy5n4kg2hz75462ltmcs49aqg628wt

Thanks you get my first zap!

Still haven’t figured out zap šŸ˜…

I’m in NY and on iOS. So most lightning wallets aren’t compatible.

Looks like only option is NWC wallet or Alby on Damus but haven’t figured out setup yet.

Replying to Avatar Runy Calmera

Jeff thank you for all you have done showing me that prices decline for ever.

Have you seen the film ā€œWhat is The Problemā€?. https://youtu.be/YtFOxNbmD38

And how can we measure the global productivity increase and productivity increase of sectors of the economy, and of businesses in a world where the price is skewed?

Productivity is often measured as real gross domestic product (gdp). Per capita, per year increase.

But to get to that ā€œrealā€ gdp we divide the nominal value (in dollars) by the price.

The price is skewed. CPI. That doesn’t measure anything.

Should we divide everything by the ā€œpriceā€ of Bitcoin? Gold? Oil?

I have same question how do we actually estimate adjusted cpi.

Since btc is sucking monetary premium from assets it’s not as simple as looking at price of things in bitcoin. Could try and model monetary premium of asset, supply demand dynamics, subsidy and so on. Seems like impossible tasks…

šŸ’Æ

Free open protocol paired with low time preference can be nasty:

scam, thefts, meme coin, addictive drugs, addictive foods,…

I’m in NY so would be interested since that’s only way I would be able to zap due to current restrictions with primal wallet in NY

I see that Damus has an alby setup but looks like with primal I can zap only using the native primal wallet but can receive to external wallet. I don’t think I will be able to zap using alby in primal?

Bad taste but he wants to trigger all the mainstream media and politicians to get a reaction about being a nazi which is idiotic.

The amount of backslash politicians and media are getting for calling him a nazi is crazy. And that’s not from people necessarily on board with Elon. A lot of people are tired of media and politicians being dishonest.

What if it’s labeled as a shitcoin, pump and dump scheme and has a clear dump schedule laid out?

At the end of the day bitcoin doesn’t care. Maybe that stuff is needed to convert shitcoiner into bitcoiner.