Guess which one? 🤔
Good morning 🤩
Central banking summarized. This is why we #Bitcoin
Good morning
Some will ignore this but putting it out there for those that won't. #Bitcoin
Still running 15 years on...
of course you won't! The state doesn't like sharing 😂
A fact most comunistas conveniently ignore.
Ross Stevens' letter is just filled with awesome nuggets. Here is an excerpt from the #Bitcoin section:
"Bitcoin is not risky. Fiat is risky.
Over the last one, three, five, and ten years, long-term fiat savings (20Y+ US Treasuries Index) has cumulatively returned 2%, -33%, -8 %, and 24%, respectively. Over the same time-periods, long-term non-fiat savings, bitcoin, has cumulatively returned 156%, 46%, 1,052%, and 5569%, respectively. Which one is risky? Which one is “backed by air”? Which one should we “close it down”? Which is the one “we don’t need”?
Since 2017, bitcoin has been Stone Ridge’s treasury reserve asset because of my extreme aversion to risk. We run net short USD – which is fancy way of saying we net borrow fiat – to pay bills and make investments. We save in bitcoin.
It would be impossible to overstate the corporate advantages of being on the #Bitcoin Standard. Since 2017, we’ve doubled our franchises to ten, more than 10x’d our trading profi ts, and delivered 25% annualized ROE for our shareholders. Our firm compensation, rent, and total expenses are up 89%, 119%, and 69%, respectively, in fiat, and down 36%, 26%, and 43%, respectively, in #bitcoin.
The more fiat we make, the more bitcoin I buy. You cannot print #bitcoin."
Always has been
Nuremberg 2.0 is the only option
Worth digging into especially By those quick to scream NYT talking points like “#Bitcoin wastes energy”. Great article by nostr:npub123sfqjpgf54p28yd7cjlgrpcn4pra5zhlnheyldc39td9r3zhgpshcwk9x
nostr:note19ymzfx2uyh06tfe88x0kxchhk7en9c8nvwtm9euah2a4mqeashesz8ecak
Good morning ☺️
Merry merry Christmas Everyone! Remember, the gifts are not those wrapped boxes under the tree, but those around your table 🙏🏻💜 #Christmas
This video is about one of the most important things that everybody should understand.
If you have kids, make sure your kids watch and understand this video. This is A MAJOR FACTOR in determining whether or not you will be successful in life.
https://odysee.com/@veritasium:f/what-the-prisoner's-dilemma-reveals:a
Clicked on the link and got this
“You say, 'If I had a little more, I should be very satisfied.' You make a mistake. If you are not content with what you have, you would not be satisfied if it were doubled.” Charles Spurgeon #truth #amenstr