I had a dream I could buy my way to heaven; when I awoke I spent that on a Bitcoin
US Public Debt as a Percentage of GDP (Debt/GDP ratio):
Currently ~120%
The red labels are rounds of announced Quantitative easing (QE) to show the effect that QE has on the US debt position.
QE was only introduced in 2008, and is the tool that has allowed unchecked money (and debt) creation since the great financial crisis.
Barrels of crude oil in United States Strategic Petroleum Reserve (SPR):
As of the most recent data, the SPR is at 372 million barrels, the lowest level since November 1983.
The SPR has been drawn for 17 months in a row, contributing to a lower reported CPI inflation number.
“Predators feed on weakness. Oppressors benefit from the sanctimonious peer pressure of pacifists who condemn physical aggression; oppressors *want* their population to be passive. Passive populations are physically docile, and their belief systems are easy to exploit”
Once you learn Bitcoin you unlearn.
Bitcoin has become so rooted to the core of my operating system I don’t see how I can live in a Jurisdiction that is hostile to it.
A ban would be like the government telling me the sky is now green. I could not live a lie.
If the United States was to ban Bitcoin like they did gold in 1933, where is everyone moving?
Read, write, 🔁.
She’s such a great analyst
Proof of stake explained simply by Lyn Alden:
“[staking ETH] would be like a political system where you get a vote for every hundred dollars you have, and then also get paid a dollar by the government for casting each vote. Mary the high school science teacher with $20,000 in net worth gets 200 votes, and earns $200 from the government for voting. Jeff Bezos, with $200 billion in net worth, gets 2 billion votes, and earns $2 billion from the government for voting. He’s a more valuable citizen than Mary, by a factor of a million, and also gets paid more by the government for already being wealthy.”
Proof of stake is just a recreation of abstract power that already exists today. The rich get richer.
#[0]
“Humans replaced the emotionally fulfilling challenge of hunting and gathering (for which we are physically and physiologically optimized) with unnaturally sedentary and laborious lives filled with social isolation, infectious disease, health deficiencies, war fighting, and probably most devastating of all, high ranking sociopaths who psychologically abuse and systematically exploit their populations through their belief systems at extraordinary scale”
-Jason P. Lowery
“Nearly all men can stand adversity, but if you want to test a man’s character, give him power.”
Hmm strange. Some bugs in this latest update of Damus 🤔
I’m not cheap, my Damus app is not letting me Zap right now
The next #Bitcoin supply halving is about 1 year away (est. April 2024).
After the supply halving, $BTC will have a stock-to-flow ratio that is lower than even Gold.
Bitcoin's market cap is currently less than 10% of Gold's market cap. If the Bitcoin market cap was to match that of Gold, it would imply a BTC price of $310,000.
Which is still conservative because Bitcoin is at least 10X better than gold as a store of value.
IMO the halving is not priced in.
Life goal:
Live long enough to see the last Bitcoin mined in ~2140.
@remindmeofthis in 117 years.
“The truth is, one who seeks to achieve freedom by petitioning those in power to give it to him has already failed, regardless of the response. To beg for the blessing of ‘authority’ is to accept that the choice is the master’s alone to make, which means that the person is already , by definition, a slave.”
-Larken Rose
most woke people need to get some sleep
Banks: Socializing losses
Bitcoin: Socializing gains
Single issue voter - I only care about Bitcoin stuff
“With the right stories, people will forfeit physical power and lay down their arms. Sapiens can be domesticated by the stories they believe, and like lambs, they will walk straight into slaughter.”