$5 wrench attacks are going to be very popular in the EU when(not if) that database is leaked

The #EU wants to build a database on citizens valuables and wealth. Get ready to register your clocks, gold and bitcoin.

Nothing says "Broken Money" quite like a central bank that is operating at structural losses now and has negative capital.

For the first time in modern history, the central bank of the world reserve currency is just structurally unprofitable.

A friend lost her entire stack last night on Trust Wallet (got hacked). Please avoid this app and report. I’m teaching her self custody and trying to help her rebuild her stack. If you want to donate, her Lightning address is waterypackage62@walletofsatoshi.com

🙏

Has anyone seen the movie The Flash? I may go see it here in a few minutes with my son. Good? Bad? Meh?

Pura Vida instead of GM on Twitter. I think people like @jack started it. The Nostr conference Nostrica will be in Costa Rica next month. And it’s a saying there.

As a value investor, I find Charlie Munger's recent WSJ-published arguments to ban bitcoin/crypto and thank the leader of the Chinese Communist Party to be embarrassing and sad.

I'm currently writing a research note to 10,000 retail and institutional subscribers on why it's dumb.

Munger has a history of arguing that someone should be able to "steelman" their opposing view if they are going to have an opinion on something, which means being able to articulate an opponent's viewpoint more convincingly than even they can. Recently on CNBC, Munger was quoted on his historical claim and then asked by the anchor to steelman bitcoin/crypto after his WSJ op-ed, and he was unable to and didn't even try to.

He doesn't know anything about Segwit, Taproot, block size limits, whether a base layer should be Turing complete or not, anything about power dynamics between nodes, developers, and miners, etc. Absolutely no clue, and no attempt at a clue.

Such a bad viewpoint doesn't only reflect his old age, but also reflects his inherent ethics at a structural level from inception as a banker. It undermines his entire legacy.

Even on the history of money and its problems in developing countries, Munger would be schooled in a Twitter Spaces by any random above-average bitcoin twitter anonymous account.

It's sad to see.

The Damus on the Google Play store *is NOT our app*. It is a scam and is probably trying to steal private keys. Damus is iOS/macos only.