In 2020 it was considered insane to call out ESG + DEI policies for their overt Communist undertones, rejection of economic first principles and a move away from meritocracy. I was constantly derided. "Marty, shut up! We need to fit bitcoin in the framework." Very happy to see that sanity is prevailing and we are returning to merit and common sense. Lessons learned: Never bend the knee. Own the frame. Time is on your side.

"We need to fix bitcoin's unit bias problem!" They say as bitcoin passes new all time highs and attains a $2T market cap. 🤡🌎

"Before an investor ought to learn about all of the details of bitcoin, [they] would be well advised to learn about the details of fiat. And to appreciate the manner in which this debasement has proceeded more or less unchecked [for decades]." - Andrew Hohns, Battery Finance The bitcoin critics are quick to judge bitcoin. "It's volatile!" "Too slow!" "Can't scale!" "Money laundering!" However, these critiques are nothing more than projection tactics used to deflect from their reluctance to look in the mirror and ask themselves the hard question, "Is this fiat experiment sustainable?"

The discussion around digital identity is going to pick up rapidly this cycle and I think it’s imperative to own the frame and the frame should focus on the individual controlling the creation of their “digital identity”. These identity credentials should not be issued by some government or blockchain they should be created by each individual user. The protocols that enable this in the most individual centric way today are Nostr and Web5.

It was great catching up with @miljan to talk about the state of Nostr and @primal 2.0. I’m currently in Abu Dhabi hanging out at their finance week event before I head back to the states and the direction laid out in our discussion couldn’t be more different than the future being put forth by the suits at this event. Keep building, freaks. Freedom tech like Nostr and bitcoin are being slept on. We’re going to shock the world. https://fountain.fm/episode/WKurjsoCiVHP79zKyDFu

Disregard everything that was said over the last 15-hours.

“You missed it.” This phrase is going to haunt people who had otherwise wildly successful careers in finance.

Unstoppable peer-to-peer digital cash with a hard capped supply has been around since January 3rd, 2009. December 5th, 2024 will be the day that it cemented itself as something that cannot be ignored. Part I of the bitcoin story has been written. The end of the beginning is behind us. View article →

Wild to think $1 doesn't even get you 1,000 sats anymore.

That was pretty sweet.

Another difficulty adjustment, another fresh difficulty all-time high.

Pardoning Fauci would be the final "mask off" moment of the dying Blob. A man responsible for some of the cruelest crimes against humanity; he funded gain of function research via the NIH that resulted in COVID, he spearheaded the most economically and psychologically destructive lock down in human history, and he forced an experimental poison on the public. Whether it happens in this life or the next, Anthony Fauci will pay for his crimes. God will make sure of it.

Jerome Powell: “People use #Bitcoin as a speculative asset. It’s just like gold, only it’s digital.” Powell and company can keep trotting out this trope but the data is clear and becomes more overwhelming every day; there are millions of people around the world who use bitcoin as their primary savings technology and send bitcoin payments to purchase things. MILLIONS. Nostr’s circular bitcoin economy is a direct affront to the notion that bitcoin is purely speculative.

I don’t think any album captures the aimless angst of the millennial generation better than Oracular Spectacular.

Nostr is worse is better.

Mike Benz shows Joe Rogan how the US government funded organizations to teach people how to use the “4 D’s: Dismiss, Distort, Distract and Dismay” strategy to censor speech on social media. Your tax dollars at work. I think this part of the rip was equally infuriating and encouraging. Infuriating because it's clear proof that our tax dollars are being used to attack the ideals this country was founded on. Encouraging because our enemies are complete goobers.

Sunday pasta and bolognese #foodstr

The future banking stack: - bitcoin - lightning - Ark - Chaumian ecash Open source, interoperable and permissionless. Sound money that moves fast, is relatively cheap and more private.

One of the most exciting things that will materialize this cycle is bitcoins multi-trillion dollar liquidity profile. The biggest knock on bitcoin to date when it comes to how it can solve bigger economic problems to date (settlement for large oil trades, central bank reserve asset settlement, etc.) has been its lack of relative liquidity. “The market isn’t liquid enough for that. One of these trades would move the market too much.” As we approach $10T, $20T, $50T and beyond these arguments against Bitcoin become much harder to make and past naysayers will be forced to recognize bitcoin’s ability to facilitate this type of trade. It will eventually get used in these larger transactions and beget more liquidity. Victory.

A cold Guinness, brisk air and a healthy fire. Hope all of you are enjoying your holiday weekend. We’re going to win.