Avatar
Z4 Explorer
e7d89379d91c93749864ec83c635aa91d77d88ae27dd5e4bcaf393880d6ecb07
I'm the Z4 Explorer. Exploring the world in my suped up Z4!!! aka Suboss. My goal in life is to be a Professional "nobody".

Lets say they r manipulating price some how, they won't be able to manipulate available bitcoin on exchanges which is dwindling. Eventually price will explode. Anyone got a link to a chart to see available bitcoin on exchanges? I did a search couldn't find combined exchanges anywhere (if it exists?)

I can't find that video of buggy stuck in corridor going forward and back, stuck at 58k. Anyone got it. Exactly how I feel. Frustrating.

Replying to Avatar StackSats.IO

Finally, an interesting Bitcoin podcast!

It’s been a while since I’ve seen people argue in Bitcoin but nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak managed to pull Saylor into an interesting conversation about credit and lending in Bitcoin.

Saylor apparently hasn’t fully thought through the implications of 21M and remains wedded to his fiat ideas.

He expects there to be yield on Bitcoin in future, but never says where it will come from in a completely fixed supply money.. “They’ll have to sell their assets to finance themselves!” - yeah no shit Michael!

The only way to generate yield in Bitcoin terms is to mismatch duration - literally run a Ponzi scheme. But Saylor expects that because the US Government will back the banks that this can’t go wrong 🤣🤣

Saif takes nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt line that capital will flow but HODLers will take equity rather than yield. This is the correct logical conclusion.

I’m not saying Saylor is completely wrong - I do see a future where banks will get into this space and lend and pay yield on Bitcoin.

But they WILL blow up. I don’t give a fuck if they’ve got their own nuclear arsenal let alone the full faith and credit of the US Government behind them, they WILL get out over their skis and they WILL be unable to fulfill their obligations at some point because they WILL greedily try to rehypothecate it in the meantime and no Government will be able to save them.

Saif and Allen both know the economy doesn’t require interest to function, that the world won’t grind to a halt without it - people will still spend money. Saylor just isn’t ready to let go of his statism (as evidenced earlier in the conversation) because he’s become accustomed to Billionaire privileges.

This is why I love #Bitcoin. You can be the CEO of the most successful public company of the past 4 years, all thanks to Bitcoin, and you will still be totally humbled by it unless you fully embrace the system as it is because it won’t be changing for your fiat games!

https://youtu.be/k7XhzXMSAPo

I liked Michael Saylors sentiment. He was aiming for everyone can win, there doesn't need to be us against them. Thats a nice target. Doesnt matter who is right or wrong, it will onboard more people and then they can figure out eventually whats right. Yeah I see the argument, where would money come from for lending if bitcoin value goes up forever. I suppose there will always be people willing to lend their bitcoin to make an extra few %. Logical explanation may lead to no lending, but us humans we are great at creating some sort of fiction that convinces us otherwise. Logic, it all makes sense untill it doesn't because of unknown / overlooked variable. And then its not logical anymore.

I started on nostr a few weeks ago too, yeah same feeling too, this feels cleaner, free, I am more expressive with my posts, people are really cool.

I've not zapped anyone yet, but I have received some zaps. Its amazing how easy you can send money to each other. Wow.

I haven't worked up guts to delete x yet.

Replying to Avatar Gigi

So true GiGi, I've lived many years of my life against the grain. Its bloody hard work. Last 5 years I used a different approach, looking for feedback, and fine tuning. Occasionally I've even had to say no to great opportunities. It makes the world of difference. We need to realise, sometimes the soil just isn't compatible, and we need to move onto more fertile plains.

I just read your note again. Gives me great satisfaction to see you laying into Two Tier Keir. Thanks to nostr we can say what we want about him and not be afraid of being arrested. Come on Keir Stalin Starmer come try find us and arrest us you tosser! Infact I will boost again, because why not.

"Accept Bitcoin and we will come." Did you get this from Field of Dream. I like it, got a good ring to it. Yeah I'm finding myself being drawn to places that accept bitcoin.

You are so right! Sometimes the simplest solutions has the most dramatic effect. Enough of us Buy bitcoin, hold in cold storage, and our society will transform more dramatically than any vote, public protest, petition, any conventional method you can think. The problem with this solution is its boring. Everything else is drama. Boring works.

...and compete with yourself. You will always go further.

When I hear Milei speak I just want to learn spanish. Do all Spanish people talk Milei. Come on Milei, follow in el salvador footsteps, you can do it!!!

Two Tier Keir. I can't stand him either. Believe it or not I used to be a Labour supporter years ago. I've come to my senses.

Another great show 👍 I dont think anything sinister going on depressing price between coinbase / Blackrock. Although I wont be surprised. I track bitcoin open interest.

https://coinalyze.net/bitcoin/open-interest/

It shows how much leverage in the system. So at 60k, there was over 17billion leverage for bitcoin. This was similar to leverage at 65k last time. So lots of people still using too much leverage. This gives the whales a chance to sell, because they know leveraged traders will get liquidated and Price drops and then they buy back at lower price. Just to be clear I still don't do short term trading. Too stressful too much headache. Buy and hold. Hodl. Put your feet up and relax. Dont get greedy.