The bitcoin ETF is not about bitcoin at all. Its about Blackrock dumping its bonds. It’s more akin to ordinals and inscriptions except that the impact to our markets will be more severe and more long lasting

There are curious plebs who will decide to tackle @jimmysong Programming Bitcoin book. This is a pantheon Bitcoin book that treats plebs as capable mathematicians - getting them I to the deep end of Number Theory and Abstract Algebra right away in the first couple of chapters. The rabbit hole took me from that book to now - after 10 months - where I finally learned the Number TheoRy needed to prove Fermat’s Little Theorem - a very important result that allows for software implentation of cryptography. Don’t ever trust the math. Verify! I probably could have built an app In the last 10 months but my heart and soul had only one goal in mind - keep pursuing this rabbit hole.

Nobody is considering the government raising rates to push up the long yield curve in order to lower 100T in long dated unfunded liabilities and terminate them. Once Japan can no longer do Yoeld Curve Control (happening now) - the 30Y bond yield will moon The. 100T of liabilities gets cut in half. Then the US govt starts buying Bitcoin to terminate it. It’s possible.

None. The SEC wanted the legal arguement out of their map and the court did that for them. They steam-rolling ahead. We won’t all pay for letting Coinbase I to this party for some time.

A “financial advisor” who isn’t a useless vulture would discuss with a pleb how much of their corn should just be timelocked as part of their overall security strategy. They might help a pleb determine what security tools to use to meet their financial goals Recommending how much bitcoin someone else should have is a laughable profession, violates every praexeologixal foundation of Bitcoin, and an A+ grift.

Mathematics is an imaginary world where we can establish and prove objective truths. Its the only world where we can do this. Establish a set of rules and conditions for which these truths are actually self-evident. Bitcoin is a physical manifestation of mathematics where the truths of the imagined system manifest in our physical world.

Like Jerry Garcia, Hal Finney didn’t start the movement that he contributed so much to and brought to a level that wouldn’t have been known without him. Hal Finney died 19 years and 19 days after Jerry Garcia. Color me intrigued.

There will exist a Bitcoin University. My admission standard would be to show ownership of 10% of the prior epoch block reward as held Bitcoin. Sign the UTXOs and you’re in. No academic pursuit can ever exist unless the student is in total control of his time.

The grift of public companies is enabled by “Generally Accepted Accounting Principles” (GAAP) Accepted as truth. Validated by CPAs who have zero clue. None of it accounts for inflation - not 2% - not anything. What good is any of it? We know the value of precisely nothing!

#phish https://fountain.fm/episode/oP1HkfvAU5ULcj8BcElp Had a great convo with High Hash Rate about Phish and Blackrock. It’s the most Phish focused Bitcoin podcast ever made.

I do a podcast every Saturday morning with a partner who I share core values with. For 5 months - every morning contains the same gravity to create a conversation that plebs better than me will find valuable. I’m not saying they’re better than me but I let that idea put personal pressure on me. I work to serve plebs so I navigate the ride for myself and we all help each other. I believe it shows in the work. I go to meetups and find out that people listen and want to discuss the topics engaged in the podcast. The bitcoin conversation in my locale is now shaped by the focus that consumes us every Saturday morning and is amplified by the work we put in every day to be better plebs whose loved ones are gonna make it.

Your dollar ain’t shit! This is the line I can’t get over. It’s a declaration of war and a demarking line between them and us (He said YOUR dollar ain’t shit - not THE dollar ain’t shit)

Every time I attend a Bitcoin meet up, even if only 3 people show up, it ends up being a rare and treasured experience. Spend your time in the world you want to live in.

Banger alert! BusinessCat and I discuss my work experience during the GFC and break down the Fiat Leviathan brick by brick. Then we get into NPCs and how to wake up sleeping lions currently playing the role of sheep. https://fountain.fm/episode/GQjlJ8GlsahqWqxWX7BX

Technical analysis is pornog for people with super high time preference. It’s irrelevant to Bitcoiners who don’t live or die by What happens tommorow. It’s also fake as shit and only someone deranged by high time preference would consider its signal out of desperation. Bitcoin fixes this all by having zero time decay. It’s not just scarce - it defies entropy by holding its form forever using the energy that goes into confirming it. Go down the rabbit hole of understanding how Bitcoin maintains its form forever and stop reading horoscopes about fake shot like price resistance.

The prioritization of Calculus over Number Theory likely has weeded out multitudes of would-be significant mathematicians. Our obsession with justifying the learning of Math with immediate practical use eliminated all the mathematics of curiosity. It’s a result of an ever increasing time preference where inflation puts an upward difficulty adjustment on the justification. Turns out we don’t have anything close to cryptography without dudes in the 1700s obsessing their entire life over finding prime numbers.

Sure Oliver Anthony struck a chord and the song is in my head but it doesn’t move me nearly as much as a pedestrian @saifedean rant about why Socialism cannot work. Well be lucky if Oliver Anthony gives us 3 more songs as good as Rich Men North of Richmond. You can get hours of Saif’s commentary forever. Few.

The profession of teacher is insane. You don’t establish expertise and build an audience of students. You just get hired and have it all there for you. It’s as Fiat as it can get. In contrast, look at how @Saifedean Ammous became a teacher in Bitcoin. Wrote a seminal book, and 2 others to aid his educating. Built a website and offered his courses practically for free. Grind with a seminar group every week whether or not there are guests or interesting topics to discuss. Grind for hours on other peoples podcasts. Teachers need to build their professorship. It’s the only way we have education.

Explaining to 21st century high-time preference man why their children should learn math is equivalent to explaining to HR why the joke was funny. #Bitcoin  fixes both of these problems.

Time preference and mathematics: Human beings think they suck at math but it turns out that they are too high time preference to see through the tedium of it. Math is NOT complicated. It’s tedious. Math is about generalizing to any system. Doing this with simple addition is very tedious so we only teach our society how to do it in ONE BASE (base 10) and even that is too tedious for people. They scream - What am I ever going to use this for? And their high time preference tells them: NOTHING This is why the successful math students in the world tend to come from privilege - it’s not because they paid for better teachers - rich kids with high time preference don’t learn math no matter how good the teacher is. But some kids have a time preference low enough to see value in going deep and will spend their time ensuring the ruthless tediousness that mathematics entails. It’s not about intelligence. It’s about time preference. Bitcoin will bring a renaissance of mathematics once we lower the time preference of children and the adults who choose their education.