Europe seems to be utterly screwed from every angle. - Killed their energy sector - Weak economy - Infected with Communism - Killing free speech - Regulatory hellscape - Abysmal immigration policy - Pushing for WWIII Markets are calling bullshit.

Giving up drinking for Lent. Using this note as an accountability mechanism.

Bitcoin is Money AND Currency. This is the first time in human history that we have a single system that encompasses both functions. I sat down with @Parker Lewis to discuss why this is the case, real world examples of bitcoin competing with the dollar and how to think of capital gains tax while transacting. Don't shy away from what bitcoin is. It is a revolution in accounting and economic coordination that should be embraced and celebrated. Many think that admitting that bitcoin competes with the dollar is "poking the bear". These people are wrong. They are simply enabling the emperor with no clothes. Acknowledging that bitcoin competes with the dollar is the correct frame, especially as Washington DC is motivated to create regulatory structures around it. How Bitcoin Replaces the Dollar - Parker Lewis

I sat down with Dr. Jack Kruse to discuss SV-40, DARPA, EMF attacks and how to become a bitcoin savage. Epic stream of consciousness.

A family friend sent this picture of me, my dad and my brother from when we lived in South Carolina. Missing my old man hard right now but feel fortunate to have had such a great dad.

The real bitcoin strategic reserve in the US sits in the wallets of individuals and businesses. If the Trump admin wants to win the bitcoin race the best way to do that is to unleash the private market. Admit that bitcoin is an emerging currency. Eliminate the capital gains tax. Enshrine the right to self custody and private usage into law. If Trump does these three things it won't matter how much bitcoin the federal government holds. The American private market will ensure that the US wins the bitcoin race.

TFTC – Truth for the Commoner

The True Strategic Reserve Sits in the Wallets of the Public

Trump should do the hard thing and admit that bitcoin is a currency that competes with the dollar.

"It is our true policy to steer clear of permanent alliance with any portion of the foreign world." - George Washington in his farewell address to the nation Whether it is Ukraine or Israel, this is a policy I think we should be sticking to. We have too much stuff to fix at home to be meddling in foreign affairs.

My Summer 2021 peak clown world call gets more comical by the day.

Caught up with @Ian Carroll last week. We discussed bitcoin, the degeneracy of memecoins, digital IDs and much more. Vibes were high.

As my good friend @Parker Lewis likes to say, "There's too much debt and not enough dollars." At some point, QT will hit a point where it cannot be sustained because too many dollars have been pulled out of a system with ever increasing amounts of debt that need to be serviced with dollars. Whether it happens when the reverse repo market is drained or at some point after the Fed starts unwinding the excess liquidity on bank balance sheets isn't really that important. View article →

Reverse Repo has ~$71B left until it is fully drained. QT continues unabated. The question that remains is whether this will cause a September 2019-like overnight rate spasm that forces the Fed to step in with extraordinary measures or whether the structural changes they've made over the last 5+ years will work. If the reverse repo market drains without any rate spasms, QT will move its focus to bank balance sheets. Something to pay attention to.

Jamie Dimon sold $233.7m in JPM stock last Friday. Demand for physical gold is skyrocketing. The VIX surged above 20 this morning. Bitcoin dumping after market close. Feels like something is breaking behind the scenes.

Should be an interesting market open tomorrow if bitcoin is acting as a leading indicator alarm bell right now.

Late stage fiat dystopia is upon us. Very sad.

Am I correct in understanding that this guy is somewhat popular in the UK? Hilarious if true.

This should end well.

They pulled the paper @Kevin McKernan and I discussed in this @TFTC episode. How can Nostr fix this? View quoted note →

Follow Kevin. He’s looking for ways to fix peer review by distributing the research away from centralized journals and research paper platforms. How can Nostr fix this? View quoted note →

The economy is fundamentally broken. This is because the money is broken. People shouldn't have to panhandle at concerts to get by. They should be afforded the ability to store the fruits of their labor in a money that isn't being constantly debased. They say a picture is worth 1,000 words. The story being told in this picture is incredibly depressing and dystopian. Bitcoin is essential for human dignity in the 21st century. Luckily, more people are waking up to this fact every day.

Kevin McKernan isn't relenting on the COVID jabs. We sat down to discuss the excess death data coming out of Japan, big pharma, and much more. 🚨 Excess deaths in Japan are higher than they were after the 2011 tsunami. Likely caused by the vaccines.