ETH price denominated in BTC since (Sept 15, 2022) merge Proof of Stake: -10.4%.
#Ethereum price is slowly bleeding out relative to #Bitcoin .
This is what happens when you take the energy out of the money.
If the AI is really smart it’s going to be stacking BTC faster than 10 Michael Saylors
He’s the ringleader of the largest securities fraud of all time. He has reason to hide.
#Zapathon !
#Bitcoin miner $BTC holdings as a percentage of company market cap, and Microstrategy:
I’ve been meaning to try other clients. I have Damus right now. Do you have a favorite?
Normalize kicking Ethereum while it’s down.
NOSTR daily active users numbers are pumping again 🚀
NOSTR feels like the hanging out with friends at the bar after a conference.
I can post what I want because my mom isn’t here yet.
#Bitcoin is the native currency of the internet.
The internet has a population of 5 billion people.
With NOSTR my private/public key pair means I can switch clients with little or no switching costs. All my posts and my audience comes with me. Clients ‘talk’ to other clients.
For example Facebook cannot talk to Twitter
In that system, client developers are beholden to the users, not the other way around like Twitter. So there is perfect competition between client developers to create the best user experience.
Lightning integration is just the icing on top.⚡️⚡️⚡️
It’s insane to think that Chat GPT-4 is the worst that the technology will ever be 🤯
HODL. Has HODL’ing been easier or more difficult than you thought when you first started HODL’ing full time?
Crypto has mercenaries, #Bitcoin has missionaries.
S&P 500 vs Gold during the Great Financial Crisis(GFC):
S&P: -49%
Gold: -1%
The GFC was a period of tremendous monetary and fiscal stimulus (printing money) aimed at saving the banks and to promote activity in the economy. As gold shows, owning scarce assets in times like that is the best way to weather the storm.
With the bailout by the Fed of SVB and Signature, we are once again entering a period of cascading failures that will be backstopped by free money printed by the Fed.
I suspect #Bitcoin will thrive through this financial crisis. It is more scarce than gold and fixes all of it's flaws.
Vehicle Deliveries of EV startups in their 1st, 2nd...etc. Quarter of Production:
As it closes on it's 6th quarter of production, Lucid Motors is significantly lagging it's peers, #Tesla and #Rivian.
The anatomy of the Great Financial Crisis:
The S&P 500 experienced a 57% drawdown over the course of about 1.5 years.
Contagion takes a long time. The bailout of Bear Sterns until the collapse of Lehman Brothers took about 7 months.
Major events along the way marked in the chart below(view in landscape mode).
