So long as nobody is getting hurt Im glad all that over priced cali real estate is burning like a match box. Fowk em. Go back home. LA sucks. Leave California.
Woah.
Ross Stevens Stone Bridge investment letter was (beyond) next level.
It read as a hybrid of some of the most renowned essayists of our time: the fibre of Emerson's moral compass with a twist of an Hakim Bey-esque bitcoiners piratism.
Strongly recommend. If feeling ocular fatigue, skip to end beginning with title, "GOING TO SEA WITH AN ORCHESTRA OF CHRONOMETERS."
#payattentiontobitcoin
https://cdn.prod.website-files.com/614e11536f66309636c98688/6772064c0f83b9dad82414b4_Stone%20Ridge%202024%20Investor%20Letter.pdf
Most nuanced take on how new liquidity will find the bitcoin market, and its not a rotation from other assets.
@Nik Bhatia@Marty Bent@TFTC
#PayAttentiontoBitcoin
IMF is shaking in their boots.
“Narrow public sector exposure to bitcoin.”
Yeah, that’d be good for your structural adjustment programs (SAPs) but runs contrariwise to @nayibbukele buying 1BTC a day like a total legend💸👑⛳️
#PayAttentiontoBitcoin
The Watery Language of Money
“Perhaps money’s fluid nature spawned its water-based lexicon. Assets which cannot move are said to be frozen. A person who is highly liquid has lots of cash. Holding an asset valued at less than its initial cost means you’re underwater. Just as boats are collectively stored in the port, a collection of stocks is called a portfolio. Products priced to move are said to be on sale, a mere homonym, though akin to the sails that move windblown vessels across the seas of commerce. Currency, (from Latin currere, meaning “to run”), shares the same root as current. Hence why we call it cash flow, because money is made to move.
Moreover, a river’s current is directed by its banks, while currency is controlled by banks. Money, like water, is also directed by the path of least resistance, and mirrors water’s propensity to find the fastest route. With that in mind, could the current of financial progress, as it has evolved across land, water, air, and wire, be why we’ve found ourselves in this new era of cryptocurrency?” — Joseph Voelbel, Pay Attention to Bitcoin (2024)
#PayAttentiontoBitcoin
Dhruv (CSO Unchained) gave a great talk on network behavior and bitcoin at the Minneapolis BTC sesh tonight.
“n objects can have n squared connections.” — Dhruv
#PayAttentiontoBitcoin