It is solid stable money. GM 😘 View quoted note →

I like the term „fiatization“. It seems that, unlike bitcoin, gold is suffering from it too. It could be an intrinsic property of gold as such (hard to transfer and store, inability to verify the total amount) or it could be gold certificates being diluted by the storage entities (basically banks). View quoted note →

Greetings from Hogwarts 🫡🤙❤️

Have a good weekend everyone 🫠

Rolling (linear) correlation coefficient between Bitcoin and Gold. A correlation coefficient of +1 indicates a perfect positive correlation, meaning that the price of bitcoin and the price of gold moved in the same direction during the specified time window. Conversely, a correlation coefficient of -1 indicates that they moved in opposite directions. 1) Interesting oscillations in the pre-pandemic time. One could basically hedge one against the other, while hedging against fiat inflation. 2) Since the end of lockdown time, the correlation has been almost monotonously increasing. Possession both Bitcoin and Gold at the same time has become less useful. Perhaps a sign of a pre-hyperinflation state 🤔

The number of ounces of gold it takes to buy a single bitcoin. From Jun 1 2010 to May 10 2024. Log scale.

Public Enemies, The 49ers, J Dilla, 9th Wonder, Madlib, MF Doom = #Bitcoin View quoted note →

I love it when random dudes on Robosats write mysterious things at the end of a trade 😂 "You have only seen the least of what I can do" "It's the unknown that leads people here"

😉

Never eat chicken masala before a sparring 🥊 , unless you wanna see a soviet union flag on the floor…

GM 🫡❤️ #coffeechain WTF??