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McCoy
McCoy@primal.net
npub18y33...x5t7
Bitcoin NOSTR block 768722
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McCoy 5 months ago
Maple AI: "The Federal Reserve didn't get "money" from somewhere else to start buying assets. Its foundational power, granted by Congress, is the authority to create U.S. base money – both physical currency (Federal Reserve Notes) and, crucially for asset purchases, digital bank reserves. When the Fed buys an asset, it pays for it by creating new reserves out of thin air and crediting the seller's bank. This is the essence of its ability to conduct monetary policy and expand the money supply. Initial capital from member banks and historical gold holdings provided structure and constraints, but not the operational funds for purchases."
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McCoy 5 months ago
Latest crash wiped out $5 trillion including metals, securities, bitcoin + s-coins. Bitcoin market cap gave back $180 billion = 3-4% of total wipe out, yet all anyone can say is: "why is bitcoin crashing" GTFOH
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McCoy 5 months ago
IDBT Inflation is running: All the stuff you cant "shrink" is running up: ✅insurance, for anything ✅salaries: try hiring someone to do practically anything ✅homes + home related stuff Store your work/time/talent in something no one can print
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McCoy 5 months ago
im the typo king - will do better just take a sec to review before hitting post, come on man
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McCoy 5 months ago
Gold USD Bitcoin Has there been any fundamental change/update over last 4-5 months? Gold/BTC for sure NO. USD - still $38-39 trillion debt, big plan seems to be: AI productivity will allows us "to produce our way out of this" + everyone back to the factories to make stuff.... idk, most people I know dont want factory jobs and AI seems like its all digital, nothing in the real world. Odell's bot hiring a human to deliver food doesn't really seem like a game changer tm.
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McCoy 5 months ago
Best money wins Lay your bets 🍿
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McCoy 5 months ago
flush out the weak. im here for it
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McCoy 5 months ago
Could we touch bottoms of 10oz/btc (DEC 2022) or even 5oz/btc (March 2020)? Wild times image
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McCoy 5 months ago
Sell? For what exactly? Thesis intact. Back to work to avoid forced selling.
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McCoy 5 months ago
If/when we make it to Bitcoin as the neutral money of the world, then100% of all bad people on earth will be "into bitcoin"
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McCoy 5 months ago
I've had two modest sized lightening channels via start9/Alby hub No issues over 2+ years Lightening is like magic: instant payments (sub 1 sec), good privacy, close to final settlement. Crazy good.
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McCoy 5 months ago
I really dont give a sh*t were this local bottom is.... The thesis is the same: ✅Hard money wins ✅Bitcoin is the best hard money ✅Eventually everyone will get it ✅Could take a long time LFG
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McCoy 5 months ago
Work harder to avoid force selling. Separating strong from the weak Lets get to it.
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McCoy 5 months ago
"But whatever the ultimate source of absorption (ie *who buys US long-term bonds*), the math dictates pretty simply that – absent an AI productivity boom that proceeds at precisely the right pace – the monetary base will need to expand to maintain the stability of the Treasury market, government finances, and ultimately US hegemony. While the mainstream press runs with the popular balance sheet hawk narrative, we encourage readers to keep their eyes on the system’s hard constraints and to not be surprised when the appetite for balance sheet rectitude winds up in the same heap as DOGE." -@Ten31 @npub14pym...zd6m