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The Conscious Contrarian
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The Conscious Contrarian challenges conventional wisdom to uncover new, more attuned principles and perspectives for navigating the future.

Who are some European Bitcoiners you recommend following? My feed is still too empty during US night time, although I already have:

@leonwankum

@dergigi

@davies

@Stu

@markusturm

I almost can’t take podcasts seriously anymore when they have a bunch of random ads at the beginning, especially when the product being advertised clearly has nothing to do with the podcaster.

Thankfully we now have an alternative to replace this addiction to advertising and consumerism.

The end of yield curve control only lasted for a couple of days. This should tell us everything about the fragility of these markets.

https://mainichi.jp/english/articles/20230731/p2g/00m/0bu/014000c nostr:note1l0e63qezctq6myukffsrjymlkzyth75ajrwmcfhwv95l4g0vxc6qcwzfpg

hahaha so true. I couldn’t get myself to watch his whole interview. It was too cringe and I felt too embarrassed for him

The end of Japanese yield curve control is a fascinating tale.

What happened: The Japanese central bank has announced the end of yield curve control, the mechanism by which they buy sovereign bonds to 1) provide liquidity to the economy and 2) maintain low yields. While they have maintained the flexibility to intervene in case markets become too volatile, this is a major diversion from their decades long policy.

What's going to happen next: This will be fascinating to watch because there are multiple opposing forces at play:

- Higher yields should technically bring more Japanese money back from foreign bond markets to the domestic market. Usually this should result in an increase in the YEN vs. USD/EUR

- The initial reaction however, was in the opposite direction: the YEN is declining. The reason for this is likely because investors about the valuation of Japanese assets once they are no longer propped up by unlimited cash from the Japanese central bank.

- As money flows back into Japanese bonds, this should put pressure on US government bond prices which have been a main beneficiary of Japanese (and other foreign) money seeking yield.

The implications will be profound! Watch this space.

That’s exactly right, it reminds me of that David Foster Wallace pun he tells at his famous commencement speech:

Two fish run into each other. Says fish #1: “Hey Doug, how’s the water today?” and Doug’s response is: “What the hell is water?”

It’s like these people are so immersed in the broken paradigm, nay sometimes they are even benefitting from it, that it’s impossible for them to see what’s wrong with it.

CC: nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:note1fkzsv6ujn3yhqgtvxe3s5t0jcyfp5za3x08r68dz8dvstp9mu3ds820rgy

this might be one of the best metrics as a proxy for nostr activity nostr:note1f5ml6mpwfyxd2tvff4nt9ced9wl93sjqn0r55gdnn4385vhy740qmasznm

Replying to Avatar mcshane

nostr:npub14f26g7dddy6dpltc70da3pg4e5w2p4apzzqjuugnsr2ema6e3y6s2xv7lu is throwing a freedom fest in costa rica end of december with a strong nostr emphasis. same location as Nostrica 🤙

When will #nostrica 2024 take place?

My reaction to that is to stop respecting them. Not necessarily healthy 😂

New PB on my usual 7.5k route.

#runstr