I agree regarding it being both Strike or any intermediary including the custodian.

Yes the timing is tricky. We are acting as if it is imminent. But praying we’ve got a couple of years to unwind some stuff.

I wouldn’t let it stop you from living your life but I would be careful about how much you put up. If it is a small percentage of your overall stack then maybe…

I can’t help but wonder if all the ETFs, corporate and govt treasury BTC reserves etc have been allowed to happen to ensure a decent sized chunk of corn gets caught up in the tradfi blow up. If all the legal framework was in place by the end of 2023, the very sudden regulatory backflip and subsequent ETF approval might have been the last domino in place.

Imagine if we had gone into another “Great Depression” with BTC completely outside of the existing system. The protected class would still have collected heavily on all tradfi assets but they would have been completely without BTC which would have allowed BTC to stand up as a completely neutral form of money without counterparty risk.

Now, with say 10-20% completely captured within the system it is certainly enough for them to price manipulate it through a crisis and make it difficult to transact with in any meaningful market/value discovery kind of way.

Maybe gold for the short term and BTC for the other side???

Reading the Benjamin Roth’s diary provides lots of insights as to how bad things can get. He talks about realestste loosing 90% of its value and people who owned realestate outright demolishing buildings, including hotels so as not to have to pay property tax, which they were unable to pay because all the banks closed and thus their ‘passbook money’ was frozen. Back then tax was charged on the improvements (buildings) not the land. They couldn’t pay the taxes as nobody paid any rent. Nobody could not pay rent as there wasn’t even enough money for food. Over 30% of the people in his town were lining up for charity food. Those that were ‘employed’ in their own business, doctors, lawyers, shop keepers, tradespeople had virtually no customers. Often their few customers had no money to pay so a barter might be struck. It was nuts how low values dropped so BTC would be difficult if tradfi markets were dictating price. Could have value in a close knit circular economy (think Galt’s gulch) were a small productive community self sustaining could set prices amongst themselves.

this insane kyc everything lately is really doing the nostr/bitcoin marketing for us

I get a kick out of these predictions. How many times have their predictions been off by an order of magnitude? How many times has Samson Mow predicted BTC $1million?

Yes, because government planning always works. 🤣

And how does it benefit Bitcoin ?

How does Bessent or anyone else know about the situation in 5years?

The stablecoin market is predicted by the head of US treasury Bessent to become a 3.7$ trillion market by 2030

That’s massive growth

Bitcoin will benefit for sure

I love Nostr because it's one of the few tech-forward places without any VCs lmao

all the startups I see on here are posting with their customers in mind and without trying to "signal" to potential investors

it's such a breath of fresh air

Gary North - the curmudgeon OG gold bug, he had a way with words. Sharp as till the very end.

OK, I'm late to this, went away from Nostr and came back to it recently. I think I'm starting the finally understand why Nostr is game changing. Being able to zap and get zapped is such a super strong signal, its akin to a moral compass that's constantly tugging you in the direction of providing and consuming true value.

How many days will it take you to finish this experiment?

Remember when we said we must be ready for when people need nostr?

It's happening faster than expected.

be the change you want to see in the world 🫡

I’m living a nice and wholesome life

I wake up every morning without setting any alarm and do what I love all day long

But I’m still pissed off that I joined a revolution that never happened

Everything we used to say that would happen with Bitcoin went down the drain

Now it’s a stonk, just an instrument to speculate on in hopes of making more US dollars

It didn’t progress towards becoming a currency that competes with the dollar

It didn’t progress technically to encourage freedom fighters around the world to use it

Outside of making more dollars, there’s nothing that it does that other networks do better

It doesn’t have a killer use case anymore

The user experience sucks compared to fintech

All we have is hope that the ship will eventually turn around

But even the OGs who joined for ideological reasons seem to be selling

So who remains to defend the principles of the early days?

Who will still want to end the Fed when the Fed is making you more US dollars?

I don’t even see my friends around anymore, they either turned into insufferable suits or else they left the space

It’s depressing, really. This is not what many of us signed up for and I feel deceived

I spent nearly a decade promoting Bitcoin as freedom tech, but now the FBI is allegedly happier when their targets use bitcoin instead of cash (as suggested by Peter Thiel)

I feel sorry for some of the people I onboarded, who used custodial Lightning wallets that probably rugged them

I sometimes feel like a fraud who pushed false advertisement

But ultimately, I wish more bitcoiners demanded a change. Anything that lets developers build cool stuff and new use cases.

CTV, CAT, BIP300, I don’t even care at this point. Just push the boundaries, make Bitcoin technologically exciting again.

The bankers might fuck us, the old cypherpunks might sell out, but at least give the rest of us some cool toys to play with.

But no, “there’s no consensus”

Fuxking bullshit

Too little and too late! Wallet been around since 2015 you just now realize this?

Red wallet hurt peoples feelings don’t yuu know?

Grok back up by Musk and his friend also a joke , then the price is outrages expensive for once he claimed as open source .'

Musk keep bitching a bout Sam Altman with his Open Ai name and what do you know ??? the price of Grok ..is the most highest of all that can not be open source .

the competitions getting tighter and the risk getting higher .

they can just give million dollars funds to start up , for the sake of error and all those money just blew up in the air ...

crazy...hyped .

Prioritize your marriage. Kids grow up and leave, parents pass away, and friends come and go. In the end, It's just the two of you, so make sure your bond is unbreakable.

______________________________________

#truth #facts #quote #love #family #wife

If you ever change your mind, boarding schools are highly under rated 😂