Part IV of our series with Tone Vays and @Murch about Core v30 and Knots

Bull market doesn't start until at least 1 treasury company goes bankrupt. Hey, I don't make the rules.

Can someone explain this to me? $NAKA's stats on Oct 8: (BTC at $123k) (screenshot from X) $NAKA's stats on Nov 6: (BTC at $101k) (screenshot from today) The mNAV on Oct 8 was 0.938 at $0.9714, implying at mNAV of 0.98, it should have been $1.0149 The price drawdown in BTC was ~18% ($101k/$123k~0.82), suggesting that the current price of mNAV 0.98, should be $1.0149 x 0.82 = ~$0.83 and not ~$0.73. Where did the extra ~10 cents per share go? Am I doing the math right? Is the extra drawdown all debt service and operational expenses or something else?

Anyone else seeing much more AI-generated inbound email offers to "help your business?"

I talked to Zuby about exercise and fitness: https://rumble.com/v71ahio-bitcoin-fixes-this-132-fitness-and-exercise-with-zuby.html

Situations where it looks like you can get something for nothing are mostly scams. The few times they're not, they end up corrupting your soul. Either way, you lose. Just stay away.

I'm reading a book about cities from Ancient Greece and Italy. What's surprising is that almost all of them went back and forth between aristocracy ruling and democracy. The aristocracy is almost always the rich people that continue to get richer, at which point there's a revolution into democracy where the people take the property and distribute it more "fairly." A new class of rich people emerges which then becomes the aristocracy and the whole cycle begins again. It's no wonder that before the American Revolution, most people had a very bad impression of democracy. It was almost always something like socialism/communism driven by envy.

Does anyone actually accept phone calls anymore? Not over signal or telegram, but on the actual voice line?

You really have very little if you don't have your health.

Happy All Saints Day!

You can correct people that are wrong on the internet. Or you can just do things.

I suspect Bill Gates is part of an operation to move the Overton Window. It's now acceptable to say "climate change is a serious problem but isn't existential."

FIRE is cringe.

Too many people are assuming the dynamics of a soft fork will play out the same way it did in 2017. That is, a soft fork starts, but to prevent wipeout, one side or the other makes it a hard fork. But because of what happened in 2017 and in 2018, particularly with respect to all those hard forks most going to 0, we're not getting a hard fork. Neither side is going to be so stupid as to do that and relegate themselves to obscurity. No, it's going to be far more intricate and complicated and disruptive. Or seeing the possibilities, one side will cave. Either way, you're probably not going to get an x% dividend.

Live with Tone and Bob Burnett on the Core vs Knots debate:

A lot of problems solve themselves. Sometimes doing nothing is the right move. Kinda like holding.

For free subscribers: Bad Physics, Yes Kings, Chinese Progress, Birth Control and Fertility, Talking with Guy Swann and more! For paid subscribers: TROPIC01, Arkade, MPFlow, CZ Pardon, BPI New Head and more! #Bitcoin Tech Talk #472

Bitcoin Tech Talk #472

Interesting Stuff

Pro tip for jetlag: coffee and pushups

Lugano gets the largest percentage of Bitcoiner wives to travel.

Lugano is more beautiful when it doesn't rain.