what bip100 has turned into is pure retardation and understandably people have stopped tolerating it.

moms are getting pissed because data centers are popping up in their backyards. politicians never want to pick a fight with moms. they’ll end up pushing big tech to accelerate space-based data centers. very bullish for spacex and even for amazon and google.

🤔

criminal ogs activated a few large wallets recently. might be one more deep coming around the 52-48k range. though you would never time the criminal ogs’ group sex with bitcoin price.

messi was magic once again. 🐐

by selling 3k btc saylor sent two different messages to two different groups. the first was to the fixed income bros: “i’ll pay your dividends in perpetuity and i’m not afraid to sell btc to meet those obligations.” the second was to the bitcoin ogs: “fuck you. if you coordinate selling to push the 4-year cycle narrative and try to disrupt me from buying more btc, i’ll sell more than you can afford.”

bip110 is going to fail probably pretty quickly with a chain split. knots had a real chance to add client diversity and actually fight spam but that chance is fading too. that said let’s not pretend core didn’t play a big part in creating this mess either.

bottom fishing update.

sunday 🍺

money supply grows 8–9% a year. the s&p 500 goes up 8–9% a year on avg.

today fixed income bros became convinced that their strc dividends will be paid in perpetuity. markets always have interesting ways of testing the waters.

i own exactly zero shares of mstr or strc. i’ve never bought a bitcoin proxy. never met saylor or even seen him in person but i’ll say this. nobody has put more skin in the game for bitcoin than saylor. all these keyboard maximalists attacking him are full of shit. hand 99.9% of them a $1 million check on the condition they never touch bitcoin again and they’d sign it before the ink dried.

the ugly truth is that the 4 yr cycle was created and practiced by the ogs. they tend to think together and act together. this time though their usual playbook didn’t work. their avg distribution was probably around 80–85k. (yes they sell and buy gradually not all at once). they were likely expecting to buy back much lower somewhere around 20-25k. that didn’t happen thanks to a much stronger base of long term individual bitcoiners, plus relentless buying from saylor and a growing number of public companies. of course they’re not happy. thats also why you see so much coordinated hostility toward saylor. he’s disrupting the cycle they’ve benefited from for years.

saylor only fails if bitcoin fails. i know thats hard for some people to accept but thats the reality since the guy controls 4% of the network. maybe it’s time to stop harassing bitcoiners who happen to run public companies.

office hours 🎣

wen sat/cent parity?

many people think bitcoin’s upside is capped and most of the gains have already been made. the next decade is going to prove them dead wrong.

still only 21m bitcoin tho

the 4 yr cycle must break.