Privacy is normal and good.

There has been an effort among authorities to make “money laundering” and “financial privacy” the same thing. That is, the mere act of moving money privately itself becomes a crime. That’s not okay.

Money laundering is when money that is obtained through crime is concealed by obfuscating it with clean money. The actual crime is the initial non-financial crime (say, mob stuff), and historically money laundering involves manual activity to work with the criminals.

Now that open source tech can make certain transactions private, authorities increasingly equate all private money transfer with money laundering, even if the developer of the open source tech had no direct involvement with criminals. Authorities target them regardless, and sanction the technology itself. Financial privacy becomes synonymous with crime in their minds, and in the minds of the public.

Anyone else find it bizarre how narrow the trading range is today. If it were at 1/10th the price, it would be moving like $50 in either direction.

Not that it matters long term, but feels fake.

It's fascinating to see how the remaining few Bitcoin Cash supporters continue to delude themselves.

We tend to credit people like Saylor and Andreas Antonopoulos with driving bitcoin adoption, but what if the real catalysts are the Elizabeth Warrens and Christina LaGardes? That it’s not the evangelists that move the needle, but the people seeking control and massively overplaying their hands?

What if some long-sighted genius OG bitcoiners funded the rise of these people, helped get them put into positions of power knowing they would make the blunders that gave rise to mass adoption and the exodus from fiat slavery?

What if the current regime was put on earth to implode and make way for humanity’s greatest epoch and pathway to a Type 2 civilization? That a more humane and competent administration would be better able to take advantage of the totalitarian tools at its disposal, but these short-sighted craven imbeciles were just what we needed at this time in human history.

What if the OG bitcoiners who permitted this rise predated the inception of bitcoin. What if they predated the inception of humanity. What if it were God (or the Tao if you prefer) itself?

NEW: PayPal proposes rewarding ⛏️ miners using sustainable energy with "green keys" that unlock preferential transaction routing and additional #Bitcoin rewards 🤔

Fallout show pretty good so far..

I still would have been successful in a world without bitcoin, but I wouldn’t have been doing anything important or meaningful.

how do i tell my 2100 twitter followers they're gay and i'm leaving

yeah and they quickly get over it, at least elliott does. kids can find ways to entertain themselves that isn’t digital crack

You don’t need to be a rocket scientist to know that tablets are bad for kids. 10 minutes of a tablet and my kid turns into a little shit. After removing it years ago his behaviour has improved dramatically.

Discuss.

Yooo what is this!? 🤣 is this some bs "rare sat" congestion or what?

Halvening and short term price -

Supposedly the effect is a reduction of supply, and the subsequent increase of price. The sellers are the miners, but who are the buyers?

So, first condition: demand is what drives price increase, not offer. Is it there?

Enter ETFs, Ordinals and Runes and associated VC scammers and "Bitcoin OG" grifters, retail (completely absent this cycle so far...)

I'm not saying there is or isn't demand. Just putting it out there.

Then, assuming demand is there, price doesn't automatically double to catch up. So, the amount of BTC miners have to sell to cover operation costs and satisfy shareholder profits actually increases. Which is detrimental to price increases. Which means that an even larger demand is required to move the price up.

Is my logic wrong? Again, rather than asserting anything, I'm just putting this out there, see if anybody has arguments that contradict my reasoning.

With the Fed insisting inflation is not under control and large asset managers pivoting even more to bonds, and the summer right here, I think it doesn't bode well for risk-on assets, let alone Bitcoin in terms of demand. Not in the short term.

Which I as said yesterday, I very much welcome because I have unshakable long term conviction and a cooldown of BTC's price right now would allow

me to keep buying and stacking like the psycho I am.

I am feeling emotional RN ngl

Don't ever let any fucking normies tell you this was easy, it wasn't

Speculation and prediction can be fun, but is generally an unproductive waste of time.

Here’s my best #Bitcoin-related life advice:

- Head down

- Work hard

- Stack sats

- Treat your bitcoin as the world’s greatest savings technology… not as a trade or even as an investment.

Wow banks paying 4.5% interest in savings accounts!

*Inflation 17%*

GM everyone 🌄 🫂 💜