Market makers attempting a final shake-out before moom...
Perfect Days:
We’re all trying to do a lot. And we need to take responsible for filling every waking minute with activity.
In his new film Perfect Days Wim Wenders reminds us that this is not necessary.
He convincingly depicts how a toilet cleaner in Tokyo is enjoying a simple life, yet one full of meaning. Many of us could take a page from his book.
The most pressing concern wrt to #Bitcoin at the moment is unaudited Bitcoin on exchanges…
There are only two solutions:
- Creating awareness of importance of moving BTC into self custody
- Incentivizing exchanges and ETFs to provide proper audited proof of reserves (and liabilities)
I’m genuinely trying to comprehend what will happen when Bitcoin breaks convincingly above 100k now that everyone has access to it.
I just can’t see it go to 200k or 300k slowly.
It just seems like everyone will suddenly get it…
So the path from 100k Bitcoin, to complete demonetization of all other assets seems like it may just be instantaneous.
But then the current powers can’t let that happen. So I think they will have to act very forcefully in the near future.
I’m sure this is a great interview but I just want to stress:
I don’t like this talk of banking failures. I don’t think this seems very likely in the US. They let SVB and Silvergate fail because it was a somewhat welcome development.
They will never let any of the major banks fail. The risk has now shifted to US sovereign creditworthiness which could be much more difficult to predict in terms of how it plays out.
I know a banking system collapse would be welcome but we shouldn’t hold our breath for it.
nostr:note1x6kdttmpljln008hkjjz5a7s3cvepheh7sm6sa0cqp64rw4px63s0v08rz
No Fiat eggs baby
Coping vs. Thriving
A while ago I decided that in my life I want to thrive, not cope.
Since then I’ve been very sensitive to areas in my life where I’m coping.
I define coping as resorting to compulsory behavior in order to manage a situation. This can be at the level of an addiction but it can be as minuscule as a morning coffee. If the morning coffee is not being enjoyed but is an unconscious necessity to get out of bed, it’s coping.
In that case I ask myself the question: “What is it about the way my life is currently oriented, that I need this in order to cope?”
Sometimes a solution is easily accessible and coping can be replaced with thriving. In other cases, it requires real patience and dedication. It’s worth it.
The future is bright:
Let me put on my utopian hat for just a second.
Artificial Intelligence is about to deliver incredible productivity gains to humanity.
The rise of Bitcoin as a global immutable currency will reign in the irresponsible use of our wealth and distribute it to those who genuinely contribute to society.
And in the midst of all of this humanity may be on the brink of its next evolution from a contracted, ego-centric consciousness to one of awake awareness.
Let’s focus our energy on these bright lights on the horizon.
Hearing the beating of my heart:
I once spent an extended period practicing Zazen in the Japanese Zen monastery Antaiji.
At one point during my stay, each of the residents of the monastery had to give a 20 minute lecture on their experience in Antaiji or some Zen writing that had touched them.
One of my most memorable moments occurred during one of these lectures. One of my fellows, a Japanese history student named Takeo, who was my age and who had arrived on the same day as me, was speaking about the reasons why he had decided to join the monastery.
Unlike me Takeo was not planning to stay for a couple of months. He had committed himself to becoming a monk. The reason, he said, was that he wanted to “hear the beating of my heart”. And as he said this, a tear rolled down his cheek.
In this moment I realized that he was not spewing the types of platitudes and cliches we grow accustomed to. Takeo meant what he said and to witness it was beautiful.
🤩🤩 this is fun (and distracting)!
Thanks nostr:npub1a8jzweysxa9qmtmht874736aalm0lwdsl306nrys9d05ktlrhw3qcr5pj4 for the kit! If you want one for yourself you can get it on https://shop.lnbits.com/product/nostr-zap-lamp
nostr:note1s47v37zkpkfdamsqkl08gfnejmlypjtuuglfg2t904m4jxucr9zs6clqee
zapped!
Why is it so much easier to follow someone you disagree with on #nostr?
This is great! Thanks for working on it!
Aspirare:
Aspiration according to Merriam Webster: 1. a. : a strong desire to achieve something high or great.
In our culture the desire to achieve is arguably greater than ever. But the desire to achieve something high or great has gone missing.
The etymology of the word is from Latin “aspirare”, “to breathe upon”.
We’ve lost the art of breathing well and hence we’ve lost the art of aspiring, of breathing spirit into our actions.
Let’s relearn to breathe spirit into our actions and things will be good.
People should start to realize that #Bitcoin is highly correlated to expectations for global liquidity… and they’re going to print forever
Wisdom is the tolerance of cognitive dissonance:
I first heard this said by Josh Waitzkin, former chess prodigy and Tai Chi Chuan world champion and it stuck with me.
It is possible to verify this in one’s own experience. Wisdom is being able to hold two competing thoughts and recognizing that the true answer is never one-sided and never conceptual.
It can both be true that climate change is real and that the right response to it is not to try to reverse it. It can be true that the acts of Hamas were horrific and that Israel’s response is not justified. It can be true that Donald Trump’s presidency was a low point in American history and that one should not vote for Joe Biden.
In Zen, Koans are a way to resolve cognitive dissonance.
Every once in a while we should look at the world as if it’s a Zen Koan.
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m Thank you. Your courage is truly inspiring!
The truest sentence:
Today things got in the way and I am late to publishing Soir Bleu.
So I’m going to go with advice from Ernest Hemmingway:
“All you have to do is write one true sentence. Write the truest sentence that you know.”
What feels truest to me today is that it is worth hanging in there. When things feel uncomfortable, whatever endeavour we may be pursuing, new doors tend to eventually open for those who persevere.
I’m standing by, waiting for that next door to open.
