Update your iThings.

BleepingComputer

Apple fixes two zero-days exploited to hack iPhones and Macs

Apple has released emergency security updates to address two new zero-day vulnerabilities exploited in attacks to compromise iPhones, Macs, and iPads.

A break above and retest of ~$32,000 mark would be a strong confirmation of a new bull market in bitcoin. Could be lots of chop between now and then. (Ex. between say 25K and 36K)

Trying to scroll through the global feed on iris.to at a nice leisurely pace is like playing Shoots and Ladders. Keep getting jolted about, frozen, taken back to the beginning, teleported ahead. Terrible UX.

Perhaps we should not be so concerned over the #dedollarization trend as much as try to understand how much 'dollar holders' have to lose by holding on to the 'cleanest dirty shirt in the hamper' in the case that the status quo persists for some time, say for 5-10 years more. For example... At best, t-bills, the highest yielding, lowest risk dollar-denominated asset, currently net you a -1% real yield. At worst, they net you closer to -10% real, using the 1980 CPI methodology (H/T: shadowstats). It is for this reason that I recommend to anyone listening to consider hard assets and a focus on wealth preservation above all else. Monetary and fiscal authorities have led us to the slaughter. It's time to opt out of their game. My top recommendations for 'getaway cars' are: bitcoin, gold and cash-flowing real estate. (All hard assets, in scarce supply, that are difficult or costly for the state to confiscate.) Imagine you held a bit of each, in equal proportions. Perhaps you best inflation to the tune of positive 10% real yield with this mix. If your goal is wealth preservation, then you merely need to convert half of your cash into said hard assets in order to nullify the -10% real yield of cash. (For those more risk tolerant, consider 60/40 hard/fiat, or higher.)

bitcoin beginning to outperform gold again, first time since DEC 2021 (weekly chart, bitcoin-gold ratio) #bitcoin #gold

Saw this image making the rounds so I did some digging... Samuel Benner was a prosperous farmer who was wiped out financially by the 1873 panic. When he try to discern the causes of fluctuations in markets, he came across a large degree of cyclicality. Benner eventually published his findings in a book in 1875 — BENNERS PROPHECIES: FUTURE UPS AND DOWNS IN PRICEs — making business and commodity price forecasts for 1876 -1904. Many (but not all) of these forecasts were fairly accurate. The Benner Cycle includes: - an 11 year cycle in corn and pig prices with peaks alternating every 5 and 6 years. - cotton prices which moved in a cycle with peaks every 11 years. - a 27 year cycle in pig iron prices with lows every 11, 9, 7 years & peaks in the order 8, 9, 10 years Certainly worth thinking about as a general long term framework — and a reminder that the so-called 100 year floods comes along much more frequently than the name implies. Via

The Big Picture

The 56 Year Benner Cycle - The Big Picture

The 56 year cycle mentioned yesterday (“Periods When to Make Money” (© 1883) was picked up by FT Alphaville; we hear it caused some “con...

(2010 article)

Be wary of Groupthink and 'Samsaric' Media Cycles (faster and faster fear-doom-rage-fomo loops).

#BRICS bank (New Development Bank) members, alternative to IMF and 'World Bank': - Brazil, Russia, India, China, South Africa (founded) - Egypt, UAE, Uruguay, Bangladesh (joined) - Saudi, Algeria, Argentina, Mexico & more (applying)

dw.com

A new world order? BRICS nations offer alternative to West

Predictions about the BRICS countries as the fastest growing economies haven't quite panned out. Instead, the alliance is now offering a diplomatic...

#MultiPolarity

The rules of the fiat system are rules of convenience. They are broken as soon as they would imperil the ability of the parasite class to recapitalize the failing system. The rules of the bitcoin system are stable and enforced by a supermajority of the users of the software.

Form & Function: Saying 'bitcoin is not money' is like saying 'the internet is just a mess of connected cables and switches'. Much of its essence is derived from its usage. Is bitcoin a network of nodes updating ledger entries together? Yes. Is it used as money? Also Yes.

Fastest Horse in the Race to Debase #Bitcoin: +34% last 7 days

Infinite Market Cap

Infinite Market Cap ranks the world

ɢᴏᴛ ᴍʏ ᴍɪɴᴅ ᴏɴ ʜᴀʀᴅ ᴍᴏɴᴇʏ ᴀɴᴅ ᴍʏ ᴍᴏɴᴇʏ ɪɴ ᴍʏ ᴍɪɴᴅ 12 words is enough

No need to beat around the bush. Bitcoin is the best hedge against debasement.

Bond volatility (MOVE index) now higher than during the covid market crash.

broke -> deflationary crash, dollar spikes soak -> inflationary melt-up, dollar falls smoke -> financial repression, negative real yields forever laura croak -> dollar dies, resurgence of sound money

Rainbows End is still one of my favorite Sci-Fi books ever. Great predictions made in it, written in 2006 about the year 2025.

Daniel Lemire's blog

Revisiting Vernor Vinge’s “predictions” for 2025

Vernor Vinge is a retired mathematics professor who became famous through his science-fiction novels. He is also famous as being one of the first t...

Signature Bank getting shut down is this generation's "Building 7".

“e-bikes for the amish”

Electrek

Believe it or not, the Amish are loving electric bikes

Electric bicycles have been finding favor in a growing number of communities. From hunters to surfers and even soldiers, e-bikes...

Treasury and Fed seem to care more about naive depositors with over $250,000 in a bank that had no Chief Risk Officer and failed to hedge any of its securities than they do about stopping inflation to help the guy with $250 in his bank account. #OptOut