Of course we all want Vitalik to give in to the pressure. Also, morally this would be the right thing to do since Vitalik has the ability to roll back the chain, whereas nobody has the ability to do this in the case of bitcoin. This would be the nail in Ethereum’s coffin. Keep the popcorn ready.
## Chart of the Day
While this is a bitcoin focused rag, I think it is important for any of you who read this to begin paying attention to gold markets if you haven't already. There has been an ongoing exodus of physical gold from London vaults and a rapid acceleration of gold being moved to the three biggest vaults in the United States in recent weeks. More gold has flooded into the US vaults over the first two months of this year than at the peak of the flight to safety during the beginning of the COVID lock downs.
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This is particularly perplexing considering the fact that equities are flat or up on the year, depending on the index you like to follow. Gold outperformed the S&P 500 significantly in 2024 and its momentum hasn't slowed down a bit in 2025 as the precious metal consistently hits new all time highs. The current correlation to the S&P 500 has only happened two times in history; right now and October of 2007.
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Institutional investors and nation states are piling into gold at an unprecedented pace. This signals that they are preparing for something to break. The catalysts for the exodus of gold from London to the US and from paper gold to physical gold are fears over Trump's tariffs, institutions and governments preparing for a potential monetary reset, and fears of a looming liquidity crisis as liquidity in the reverse repo market dries up. Uncertainty and chaos rule the day and we are witnessing a flight to safety.
Many of you are probably asking, "Why isn't bitcoin moving?!" That's a good question. Considering everything mentioned above one would think that bitcoin would be on the move toward new all time highs as well. Having been following bitcoin for twelve years your Uncle Marty has developed some pattern recognition when it comes to this market. Upward bitcoin price movements typically happen in a staircase fashion. Meaning that it trends up and to the right over the long-run with quick bursts to higher levels followed by small corrections and consolidation periods. If I had to guess, we are currently in a consolidation period that should come to an end at some point in the next few months. In recent years, gold has moved higher first and bitcoin has followed. Typically outperforming gold significantly. I find it hard to believe that this relationship is going to end any time soon. Especially considering the geopolitical and economic backdrop.
## Luke Gromen Warns Bitcoin Holders: Historical Currency Revaluations Show Speed Matters
During my recent conversation with Luke Gromen, he raised a sobering point about the velocity of monetary regime changes. Drawing from historical examples, including a Ukrainian family who saw their savings devalue from "five cars to one month's groceries" over a single weekend, Luke emphasized that Americans are uniquely blind to how quickly these transitions can occur. The current stress in our financial system - from Treasury market dynamics to global trade tensions - suggests we're approaching a similar inflection point.
*"What if they do it on Friday night like they did with Trump coin and you wake up and gold's up 1,000% by the time you're up on Saturday morning, what are you going to do? You're going to sell your bonds and buy gold on Saturday?"* - Luke Gromen
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This warning shouldn't be taken lightly. Those waiting for clear signals before acquiring bitcoin may find themselves locked out of the transition entirely. Luke's analysis suggests that rather than a gradual shift, we're more likely to see a compressed timeframe where major monetary changes happen over days or weeks, not months or years. The recent Trump coin phenomenon, while different in nature, demonstrates how quickly markets can move when sentiment shifts dramatically.
TLDR: Major monetary changes happen fast - don't wait to stack sats.
Check out the full podcast [here](https://www.youtube.com/watch?v=RCeWQHATWYU&t=61s&ab_channel=TFTC&ref=tftc.io) for more on DeepSeek's impact on AI markets, Colombia's trade negotiations, and Scott Percent's three arrows for economic reform.
## Headlines of the Day
U.S. Faces $1.67B Annual Cost Spike on Single Bond Rollover - via [X](https://x.com/TFTC21/status/1889454272842268982)
BlackRock: Bitcoin is Monetary Hedge, Ethereum is Tech Play - via [X](https://x.com/BitcoinNewsCom/status/1889396849880268814)
Lummis: SBR Could Slash U.S. Debt by 50% in Two Decades - via [X](https://x.com/cryptonwsuk/status/1888565117047951869)
Fold Launches Bitcoin Rewards Visa Credit Card - via [Business Wire](https://www.businesswire.com/news/home/20250211765772/en/Fold-Launches-Revolutionary-Bitcoin-Rewards-Visa-Credit-Card)
Obscura VPN launches with a MacOS product - via [nobsbitcoin.com](https://www.nobsbitcoin.com/obscura-vpn-is-now-available-on-macos/)
## Bitcoin Lesson of the Day
The SegWit (Segregated Witness) upgrade in August 2017 made two key changes to Bitcoin. First, it moved transaction signatures to a separate part of the data, fixing "transaction malleability" by preventing nodes from modifying transaction IDs. Second, it increased effective block capacity by introducing "weight units" that gave signature data a 75% discount, allowing blocks to grow from 1MB to about 1.8MB.
As a "soft fork," SegWit remained compatible with older Bitcoin software. The upgrade activated at block 481,824 after 95% of miners signaled support. This approach allowed Bitcoin to increase capacity and fix technical issues while maintaining network compatibility.
[SegWit - Learnmeabitcoin.com](https://learnmeabitcoin.com/beginners/guide/segwit/?ref=tftc.io)
ICYMI Fold opened the waiting list for the new Bitcoin Rewards Credit Card. Fold cardholders will get unlimited 2% cash back in sats.
[Get on the waiting list now](https://foldapp.com/credit-card?r=BgwRS) before it fills up!
$200k worth of prizes are up for grabs
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The Fold Bitcoin Rewards Credit Card waitlist is live!
*Ten31, the largest bitcoin-focused investor, has deployed $150M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/funds.*
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Nice one. Thanks for sharing.
That’s not a whale.
I think it’s Menara Perak :))
Thanks for the zaps. It’s my second home. Check out the botanical gardens (great for jogging and workout), the bird park (better than S‘Pore imo), KGB Burger, bicycle rental at Titiwangsa (also tandems available), Indian Restaurant 1947 India, KyoChon in Pavillion Connection. Lala Port is a Japanese mall with cosplay dudes and anime stuff if you are interested to see that. For some retro tech trash you may visit Sungei Wang Plaza Mall. Mid valley mega mall is also worth a trip, as they have some nice eateries in and around thevpöace and bangers village is not far. The BEST Italian restaurant is Via Pre. 
Yes, that’s true. It happened during Covid. Back then I always wondered why it didn’t get more coverage. They replaced it with a “sophistication risk management system”. Let’s wait and see. There will be party time, sooner or later.
The message is this: You’re beautiful at any size! You’re obese? Never mind, it’s just another shape. You think it’s ugly? Beauty lies in the eye of the beholder. You think it’s unhealthy? You’re right, but it’s not allowed to say that because it hurts feelings and is therefore violent speech. Let’s just close our eyes and ears and ignore reality. Reality sucks!
#nostr #freespeech #bodyshaming
Back then when Aphex Twin made the album Come to Daddy in 1997, it was meant as an intentional provocation. If you consider this a provocation today, you yourself are considered the provocation. Times change and so does your perception by and of society. 
Back then when Aphex Twin made the album Come to Daddy in 1997, it was meant as an intentional provocation. If you consider this a provocation today, you yourself are considered the provocation. Times change and so does your perception by and of society.
IMO there isn't a straightforward, consistently high correlation between Bitcoin's price and the growth of money supply (like M2). For instance, periods of significant money printing haven't always led to immediate or proportional increases in Bitcoin's price. This could be due to Bitcoin's nascent nature, where its price is influenced heavily by adoption rates, technological developments, regulatory news, and speculative trading rather than purely monetary policy.
nostr:npub192klhzk86sav5mgkfmveyjq50ygqfqnfvq0lvr2yv0zdtvatlhxskg43u7 Your demand that everyone should “READ YOUR STORY” is almost stereotypical for people supporting the narcissistic and woke agenda. Wake up to the fact that you are not special. Nobody cares about you.
Liberté, Égalité, Hypocrisie. What is happening to my beloved France? They can't even come up with a new tactic? I would have expected something more creative than an assangement. It's like Louis Vuitton: same shit every year, but it sells.
Who knows what Winston Churchill would say if he were alive.
https://video.nostr.build/1443239a53d29b50efc2047c65e049983eeffb919e1d3e8f5087fa16ea63ad0b.mp4
nostr:note1ef8j3snur6thnrfppk8hccwxc7z5l76qux9ss44d0h3y7m09xavqnkrdzh
It's this kind of behavior that doesn't help getting rid of existing prejudices. Same can be said about CSD and what it has become. If people want respect they should act in a respectable fashion.
London is amazing, despite the issues. Media show the problems, but believe me: London was and is like no place else. What's happening isn't good and was to be expected. But it takes along time to take a place from amazing down to I want to leave. Years.
No, I understand your point very well. My point is that it’s a choice how much you want to consume. Consume less and work less. The idea that we have achieved technological superiority to the point where nobody should have to work anymore is misguided. Also, I don’t think that 40 hours is a lot. Sounds pretty entitled to me
Well, looking at the median American citizen’s household debt of approximately 65K USD, 40 hours per week doesn’t seem to be nearly enough. You can’t keep spending consistently more than what you earn over DECADES and then demand less working hours. I know there is a lot of nuance around the subject, including student loans, home affordability, etc. BUT: If you can’t afford to study and if you can’t afford a house, DON’T DO IT! Look at emerging markets. People don’t buy stuff they can’t afford. It’s basic common sense.