I have complaints. 😂

But I'm more flexible on second-rail technology than on the core.

I am always open to something being better, but so far I have seen nothing better for my own purposes.

I strongly disagree that we need that on-chain. Altogether too much is being done on-chain and should probably be rolled back.

I am principally against turning software projects into a giant ball of mud and that goes doubly for money.

nostr:npub1nxa4tywfz9nqp7z9zp7nr7d4nchhclsf58lcqt5y782rmf2hefjquaa6q8 Is this perhaps simply a regression?

Well, we can use Lightning, I suppose.

Pardon, nostr:npub1gcxzte5zlkncx26j68ez60fzkvtkm9e0vrwdcvsjakxf9mu9qewqlfnj5z but where is the "delete" function in #Amethyst? I couldn't find it in the menu.

I just double-posted, by accident, and had to use a different client to delete it.

Oh, that's lovely. GM.

Yes, but we can choose to treat money as fungible. It's a decision we can make.

Dollar bills also carry an ID and bank accounts can be frozen. As soon as you start IDing individual bits of a currency, the worth of that currency declines and everyone holding it is poorer.

I don't know. They usually like to start cutting in the spring. March, maybe?

I think so.

I consider this a moral stance because the fungibility of money protects minorities from economic disadvantage.

Or, as they used to say, "I may be black, but my dollars are all green."

My dollars are all green.

My gold is all yellow.

1 Bitcoin = 1 Bitcoin

nostr:nevent1qqs2424rlpfg3k0vv8nu6lr6gyl358ar94rrw606ltf4pk9ua55zywspramhxue69uhkummnw3ezuetfde6kuer6wasku7nfvuh8xurpvdjsygxavex4usqkgvage45lqpdwzjqgqs630zd4nhj67p38dhn9vv7nrypsgqqqqqqsun7grl

That the ETF and the halving could be predicted and are already priced in.

There were just some algos playing the launch, but the SEC "accidentally" wiped them out with the pre-launch fake-out.

Bitcoin used to be a much smaller market. It's now a major global asset class.

But, we'll see.

It's probably mostly going to be bought by suits, but for pension funds and retirement insurance. Like Calpers. They're all going broke and need better collateral.

Which also means that a lot will end up in 401(k) plans and similar.

I think this is a good thing, tho. It's better than the bonds they all have in their portfolios now.

I don't criticize donation-funded organisations for who gives them donations, so long as there is no obvious reciprocation.

We don't want to encourage them to scrutinize their donors because we might want to donate ourselves. And we don't want to start morally-weighting bits of currency, like with the "virgin Bitcoin" discussion.

Money is fungible and that's a feature.

The halving is just the method used to steadily decrease emission and you can see it coming from a mile away. Investors usually trade in advance of an occasion.

The ETF and the halving aren't like war breaking out, suddenly. They're not surprises.

I don't mean consumer price deflation, I mean monetary deflation. Money being destroyed, as companies and people go bankrupt and debt gets written off.

Then the Fed will perhaps respond with a rate cut, and then monetary inflation can kick off again and some of that newly-issued credit can go into Bitcoin.

As far as I know, Bitcoin (like all hard assets) has a price reflecting monetary inflation.

Wow. Oh, okay. 😂

I guess I assumed that the ETF funds all bought slowly in advance, and that's the reason we've been having the slow, steady incline since last summer.

Everyone else is broke or they're just going to buy the ETF.

But that might just be wishful thinking because I'm still stacking.

That darjeeling second flush, tho. 🤌

If Bitcoin can manage to stay steady or climbing slowly, it'll beat inflation on the medium timeline. That makes it the best-performing asset class.

You have to remember that we're in disinflation and heading into deflation.

Yeah, basically.