still not selling

Lots of older people struggle to understand #Bitcoin.

“How can it be real money if you can’t touch it?”

I tell them that Bitcoin is weird just like the internet is weird.

They remember life before the internet and were skeptical that it would have much of an impact… even years after the arrival of the internet age.

Now all of them, even the most technologically unsavvy, have smartphones and use the internet on a daily basis.

Even though it is intangible, it still is *everywhere* and it pervades nearly every aspect of their lives… usually for the better… or, at least, for tremendous convenience.

I tell them that Bitcoin is just the internet of money.

You can’t see it, per se, but it is everywhere… and it is massively useful and beneficial to those who start using it.

Just like the internet was clunky and the butt of many jokes and skepticism (and lies) in the 1990s while the underlying infrastructure and use cases were being built out, so too is Bitcoin the butt of many jokes and skepticism (and lies) while the underlying infrastructure and use cases are being built out today.

Simply put, Bitcoin is better money for a better world… even if some folks don’t quite understand it just yet.

Hope this helps.

Cheers.

Fasting today wish me luck

JUST IN: FinCEN has issued a warning 🚨 about virtual currency being used to finance terrorist organizations.

They specifically cite Hamas' reliance on fundraising campaigns involving virtual currency, and plan to declare crypto mixer services as a money-laundering concern.

The soft landing is a fever dream.

The more you see articles mentioning the term “soft landing,” the more likely you are to have a major recession.

The term has never been mentioned more than the present.

You’re being sold a fake bill of goods by the Fed and media

#Bitcoin 30k to 31k has huge liquidity waiting I don't think this weekend we can get above that. But im praying 🙏🏽

#Entertainment #Nostrich #Newtonostr #Plebchain #Newbies #GrowNostr #repost #420 #weedstr #Bitcoin #GSBAM

My guess is that only 1% of all bitcoiners actually use Nostr. Sad but most don’t care about freedom of speech or want to put in the work to understand how to gain more freedom

For those not on Twitter:

Event horizon... my sequence of events (just a guess):

1. Remove US debt ceiling ✅

2. Massive debt issuance ✅

3. Absorb much of debt issuance via T-bill issuance and absorption from the overnight reverse repo (ORR) market ✅

4. ORR is depleted sometime in 1H 2024

5. Treasury market shows increased instability (via high and rising MOVE index)

6. Treasury slows issuance

7. Fed implements mandatory increased bank reserve requirements to help absorb Treasury issuance

8. US Treasury debt issuance speeds up

9. Severe bond market instability as private sector liquidity has been fully tapped dry

10. Financial institutions start to fail in earnest; contagion risks heightened

11. Risk assets crumble with extreme volatility

12. New Fed liquidity patches initiated/revived, but with little effect

13. Bear market recession; proverbial "blood in the streets"

14. Fed declares massive #QE

15. Bottom in risk assets; #bitcoin soars to new highs by late 2024-early 2025

UPDATE: From Oct 11 - Oct 18

US net liquidity roughly INCREASED by +$19.0B. 👀

Fed balance sheet: -$18.9B

ORR: -$88.6B

TGA: +$50.7B

OPINION: This is mildly net positive for risk assets, all things being equal. Net liquidity still rangebound since late-April 2022, but it has been trending materially higher since its late-September 2023 lows.

DYOR

🔥🦀🔥

Try browsing new posts and do that for each and every single thing you don’t want to see.

It seems the #1 issue with people joining nostr resolves around censorship, but not in the way you'd think. A handful of Redditors said they wouldn't join nostr because nostr has or could have hate speech, pedos, etc. and you couldn't ban or moderate those users.

I get it. 99.999% of humanity doesn't approve of that content and doesn't want to be near that type of content.

I don't know if I have a good enough answer for them though. I told them that with free speech, that means all speech is allowed, which includes the good speech and the bad speech.

If assholes want to have their corner of nostr and hang out with other assholes, then so be it. The other 99.999% of humanity will hang out everywhere else with positivity and good vibes, zapping each other non-stop.

Thanks as always Jeff!

What happened to the war in Ukraine?

Tesla owns $271 million dollars of #Bitcoin

Three arrows capital

Celsius

BlockFi

FTX

Genesis

Luna/Terra

Gemini earn

Voyager

Prime trust

Fortress trust

Alex machinsky

Do Kwon

Sbf

Richard heart

Bitboy

CSW

I fucking love this bear market

Tell me again what the citizens of Great Britain gained by leaving the EU? Must have been something really big.