*Walton emphasizes how companies with massive valuations like Nvidia ($4 trillion market cap) hold just $54 billion in actual capital, creating enormous risk gaps* TFTC *Strive deal points up fact that different bitcoin hoards can trade at different prices depending on who holds them* Financial Times

*Interior Secretary Doug Burgum revealed in April that the Trump administration was considering taking equity stakes in miners to back them against state-sponsored competition in China* CNBC

*When we’re on the same team because of the same incentives we can coordinate efficiently* View quoted note →

*CLINK is a nostr based transport for invoices, a bit like LNURL, but end to end encrypted and key-identified so you don't need a web server of your own to use it trustlessly, works with any open relay. Also provides an much better alternative to the slow and unreliable onion-based messaging of Bolt12. The spend spec offers functionality like NWC or LNURL-Withdraw, but without prior account setup and secret sharing.*

Stacker News

SN release: CLINK wallet, recent search order, improve related posts, bug fixes \ stacker news

If you are running https://lightning.pub/, you can now send/receive with CLINK. Also we now pickup the lightning address from NWC strings if it's p...

*denomination isn't set by the buyer, it's set by the seller* View quoted note →

*If someone else can tell you what to do with your money is it really your money?* View quoted note →

*A political regime can't outperform the market because it doesn't understand the market, and it doesn't care about the return on investment anyway because it doesn't share the same interests as the market*

Stacker News

Our Economy Has Never Needed an "Elastic" Currency \ stacker news

By Jonathan Newman Mainstream economists justify the creation of the Federal Reserve because they claim that a growing economy, especially the bank...

*the solution to the inequality and injustice produced by govt central planning is not to institute more central planning* View quoted note →

*The difference is structural: Bitcoin routing is subsidized by belief, while token routing will always be mercenary. This is why stablecoins will never truly compete with sats on Lightning. They may succeed at moving volume for a time, but they will never summon a volunteer army. Bitcoin nodes are happy to give because they are defending the hardest money the world has ever seen. Token nodes will only give if they are paid, and they will want paying well.* View quoted note →

*The Drainers Think of all the newer players in crypto now: government, Wall Street, tradfi converts, and Jonny-come-latelies, plus corporation treasury reserve FOMO-ers – not to mention hackers with record-breaking heists, dodgy projects with worthless tokens, and pump-and-dump schemes. These players have always been part of the space, but now the market seems to be relying on these “institutions” to somehow push crypto to the next level. The trouble is, they don’t care about crypto – they care about fiat, and will drain fiat out of crypto, effectively deflating it. The above old-schoolers, the non-drainers, become exit liquidity for the drainers, who are highly skilled and remorseless. The drainers are growing, and that’s not good.*

Bitcoin Is Digital Exit Gold: The Four-Year Doubling Cycle — Forbes

Bitcoin hasn’t really gone anywhere since I bailed at $100,000. Well, not in line with expectations of $250,000 or $1 million that the fanbase ha...

*The Drainers Think of all the newer players in crypto now: government, Wall Street, tradfi converts, and Jonny-come-latelies, plus corporation treasury reserve FOMO-ers – not to mention hackers with record-breaking heists, dodgy projects with worthless tokens, and pump-and-dump schemes. These players have always been part of the space, but now the market seems to be relying on these “institutions” to somehow push crypto to the next level. The trouble is, they don’t care about crypto – they care about fiat, and will drain fiat out of crypto, effectively deflating it. The above old-schoolers, the non-drainers, become exit liquidity for the drainers, who are highly skilled and remorseless. The drainers are growing, and that’s not good.*

Bitcoin Is Digital Exit Gold: The Four-Year Doubling Cycle — Forbes

Bitcoin hasn’t really gone anywhere since I bailed at $100,000. Well, not in line with expectations of $250,000 or $1 million that the fanbase ha...

*this boomer sees $250,000 in 2029, not this Christmas, and investment returns lie elsewhere*

Bitcoin Is Digital Exit Gold: The Four-Year Doubling Cycle — Forbes

Bitcoin hasn’t really gone anywhere since I bailed at $100,000. Well, not in line with expectations of $250,000 or $1 million that the fanbase ha...

*there’s clearly more to the story, with Strive itself forking over overvalued shares (its mNAV is in the 3-8 range, depending on dilution), so the real bitcoin-value that SMLR shareholders receive is roughly aligned with where Wall Street is trading that stock this morning. There’s no arbitraged premium when you’re paying with air! The price of Strive shares when they unlock later this year, is unknowable.*

Stacker News

Did Strive Just Deploy Warren Buffett’s Elephant Gun? (Bitcoin Magazine, JB) \ stacker news

Yes, I mean I obviously already had this article in the pipeline (gun sight??) when I published https://stacker.news/items/1232813/r/denlillaapan S...

*the average individual still does not have his or her finger on the problem, i.e. they perceive that something is kind of wrong with the economy in general but cannot link it to the nature of fiat money* View quoted note →

*Narrative management: "We tolerate sound money". - A visible gold bull market signals tolerance for a "traditional hedge", undercutting the story that authorities crush every escape hatch. It buys legitimacy while more programmable rails (stablecoins/CBDCs) normalize.* View quoted note →

*Gold can satisfy the public's "store-of-value" impulse without granting a parallel, censorship-resistant payments rail* View quoted note →

*We need to destructure government so that civilization and industry can restructure itself.* View quoted note →