4 year bitcoin returns and sharpe ratio still near all time lows.

@River spread is steep. Not only the 1% fee but an extra 0.5%+ from how much your bitcoin is “worth” on their exchange view to what they sell for.

Traditional markets will succumb to bitcoin. We shouldn’t apologize for that nor should we pretend traditional markets will be / should be happy with the transition.

Every bitcoiner should read this book.

Reading Founding Brothers by Joseph Ellis through the lens of bitcoin. There are fascinating parallels between the American Revolution and the bitcoin revolution. I fear many bitcoiners do not understand how and why the American Revolution was successful. And we seem to be getting outmaneuvered by the powers who do not want to see bitcoin succeed. First lesson. Speed is critical to our success. We cannot be patient. We have (or at least had) momentum. We must not relent and be patient. Speed is an asset to our effort. More to come. But first lesson: Accelerate. Relentlessly.