Stack confiscatable pieces of paper that claim to represent a metal that doesn't have a fixed supply, nor can be verified or transferred over the internet. Great thesis.

Lol doing so badly at my fiat job now that I have 2 kids

Many situations are a choice between: 1. Guaranteed slow death 2. Small chance of glory but high chance of instant death

Cypherpunks spent decades trying to create a state-free money. Price pumps were never part of the motivation - indeed the most likely personal outcome was prosecution. Think what can be achieved now with millions of real users and 000s of ideological Devs building on the SAME network, regardless of price action.

At some point a lot of sustained new gold supply is coming online. This might coincide with a normie panic that gold is no longer the play, or miners rapidly offloading inventory.

It's weird that Trump is pushing for Greenland in such an obviously hostile way - the global reaction seems really predictable. If the US really wanted it wouldn't there have been a more strategic approach? E.g. build some diplomatic support, endear themselves to Greenlanders etc. I think Trump gets too much credit for being a 4D chess player (although not enough credit from some), but this situation does make me think the spectacle is either leverage or a distraction. Or has Trump actually genuinely lost his mind and accidentally turning all America's allies against it?

Me trying to understand the insane logic of Bitcoin-adjacent conspiracy theorists and then having their point made for them in the process 😅

Jenrick is so slimy. Massive L for Reform.

I've always liked Farage (since his MEP days), but wish Reform were a little more Libertarian. He's a big spender, likes nationalisation, and the party is a bit of a personality cult. Sadly, it does look like the Tories are finished. I wished they'd recommitted to proper conservative policies and rhetoric but Kemi (she's a good egg) did some dumb stuff like oppose Labour's Winter fuel allowance cut. Only way forward for Tories would be to radically commit to pro working age policy and Austrian economics. They would still be out of contention for this decade, but at least would have a chance of ultimately being right and leading the UK back to free market economics.

Lol, maybe I'm too brainwashed by the system but the WBD episode with Simon Dixon is comically conspiratorial. Sure, probably lots of shady stuff going on that most people don't know, but the way all these well known historical events, people, and recent headlines tie in together via some omnipotent "they" is a bit much.

Imagine if J Powell comes out as a Bitcoin maxi once his term ends. Not priced in 😅

Pretty ugly situation with Renee Good in Minnesota. Personally, I wouldn't try drive my huge SUV towards an armed federal agent during a raid. Doesn't make you a "domestic terrorist" though. Whole thing just seems like a huge fuck up. Tragic.

People who say they don't like billionaires because they have too much power should consider whether they think it's better that the state has a monopoly on power with less forces to challenge them (e.g. move taxes, fund political positions, represent an alternative form of power).

No one talking about Epstein files anymore. Impressive.

The paradox of the US freeing (TBC) Venezuela by force reminds me of Napoleon's early military conquests. He replaced the leadership of many Italian city states, took a large fee from them, but also implemented more representative leaders and more progressive laws. It was a catalyst for Western democracy which we celebrate even if we condemn Napoleon by modern standards for much of his approach. He was hated by the elites of other nations, even while they were also obsessed with him. Ultimately, European monarchs and the British conspired to defeat him, but we still enjoy his legacy today.

"Junk" food advertising ban going into effect today in the UK. This means the actual food can't be shown, but well know brands (McDs, Dominos etc) can still run the ads. Once again regulation benefits large incumbent corporations.

Wonder when @Saifedean Ammous publishes The Mackerel Standard

Managed to trick my 4 year old into giving me hugs: Told her I have to check that her clothes are on properly ☺️

Been on this earth almost 4 decades, and still don't know where to put my arms when I'm sleeping

Chatting to a colleague from Bedford and asked which football team he supports - it's not the one bought "by some weird crypto guy" 😂