Unlikely. We are a nation of compilers. Just look at lockdown.

The govt can probably just say “digital ID is good for property” and the lemmings will happily follow.

The only way out is guillotines.

That ain’t happening in Aus, even you probably flinched reading that.

But until the fear of god is instilled in the parasites, until they remember they too are flesh and bone and could have everything taken away from them, nothing will change.

But who will build the houses, to house the 1 million immigrants we just let in?

I know, it will be students coming to 🇦🇺 to study yoga instructor - one of the jobs on the skills shortage list for which you can easily get a visa!

It sure as shit won’t be qualified tradesmen. The Construction Union has already told Gov they won’t compete with foreigners and given they are now half of organised crime on top of being the biggest voting and donor block to our Socialist government, they won’t be messed with.

Guess we just won’t add any housing supply but we will pump another million UberEats drivers in to really see what strong demand looks like! nostr:note1d5rpr8nxqvhfsfx8slyt0d2hzq8qen583sdcs4g8jxayp5m4gvzq72hufl

GM.

I'm bullish on bitcoin, and I think a lot of people overthink it.

One of my favorite metrics is the market value vs realized value ratio. The realized value is basically just the on-chain cost basis. The value of UTXOs at the dollar price during which they last moved between wallets, which often means the time people pulled them from exchanges or deposited them to exchanges.

A relatively small amount of marginal buying can push up the market value by a lot. Like how if you buy one house on a street, it can boost the estimated price of all houses on that street even though only one of them traded hands. But when market value becomes stretched relative to cost basis, it means that part of the market value is kind of illusory. We don't *really* know what houses on that street are worth if only one of them traded hands recently and thus liquidity was low. Over time, as more houses on that street trade hands and we have more price points, the estimated value of the street becomes more real. The same thing for bitcoin; as more bitcoin trades hands at certain levels, it starts to make that level "real" compared to how real we should consider it when it just touches a certain level for a little while with limited volume.

Right now, bitcoin is at an all-time high in its realized price, i.e. cost basis.

Back when bitcoin was poking over $60k in April 2021, the cost basis for the network was only about $350 billion. Now, at the same market price, the cost basis approaches $650 billion, or more than twice as high. The marginal bitcoin has traded hands and moved between wallets at much higher prices than years ago, even though the market price is about the same. In other words, these levels have been truly liquid and been consummated by the market more than they were back in 2021, and thus the price is more robust at this level than back then.

The launch of the spot ETFs pulled forward some excitement this year, and so we've been in this big consolidation since March. But even in that time period from March to the present, the on-chain cost basis increased from like $520 billion to $640 billion, and so price discovery and progress is being made despite the ongoing price chop.

As the network builds a bigger and more solid base like it has been doing, it can set the stage for the next major breakout. The network looks healthy to me.

Not owning property is viewed as a mental illness in Australia.

When you tell people about not owning property, sometimes you get pity, sometimes you get confusion.

Yesterday, I was talking to an NPC about matters of world. When I mentioned that I live in a rental, his face lit up in a way I'll never forget. He immediately discounted everything I had said prior. The look of superiority that came over his face because he owned a shitbox in the burbs is how I imagine King Louie XIV would look at a peasant.

The breakdown of the fiat ponzi is going to be so fucking brutal for Australia.

#AUStriches

My current health plan is:

-Eat real nutrient dense foods.

-Intermittent fast for 12–16 hours per day. Vibes based. And sometimes go multi-day.

-Go for long walks or bike rides in the sun daily. Touch grass and do stuff. Often you can combine this with business meetings.

-Sprint a couple times per week.

-Do cold plunges a couple times per week. Seriously, this seems easy to skip and it’s hard. But if you want to triple dopamine levels for the working day without later downsides, putting yourself in freezing water is the thing.

-Do some squats and pushups. And then deadlift your own body weight for several reps.

-Even then you’ll potentially fail. This isn’t one of those meme posts. I used to be utterly ripped in my competitive martial arts days in my late teens until my mid twenties. But then I got distracted, mainly due to a broken leg and lack of direction. Over the past several Covid years, I’ve weakened, and had trouble hiking mountains. I still have visible abs but they feel fake now. But I focus on a couple things amid my crazy work, which I have ingrained now. The first is intermittent fasting. It literally fixes all my other errors as a baseline. I can fuck up for a year and not gain weight because I only eat in 6 or 8 hour windows. Or even 10 hours. The rest of the time trains the body to burn fat. Next is I do a reasonable baseline of pushups, squats, and sprints per week. Nobody can make me choose to. It’s just my baseline. Last is I do a lot of squats and bicycling to keep my leg muscles interested, which have been mediocre. So if a new martial arts leader has a plan, I’m happy to listen.

Argentina is moving up my bucket list of places to visit. Quotes from Milei’s speech at UN today.

“The UN has become a multi-tentacled Leviathan that seeks to decide how each nation should live."

"We reject the 'Pact for the Future'—it is nothing but a socialist blueprint for control."

"Freedom is the only path forward for nations; we must resist any system that curtails it."

"Socialism designs a world it can't achieve, and when it fails, it represses the people."

"Argentina will lead an agenda of freedom, not submission to globalism."

"We must empower individuals, not centralize power in bureaucratic institutions."

"Freedom, free markets, and individual rights are the pillars of a prosperous society."

"We reject the collectivist agendas that destroy wealth and enslave nations."

"Austerity and economic discipline are the only roads to true independence."

"Long live freedom!"