i. love. bitcoin.
if it wasn’t clear
hey everyone i am a bit confused and in need of help.
how are y’all transferring your beanie babies p2p over the internet?
i sold all my btc for them because of my financial advisor but I think I am missing a step?
y’all, I got one on the hook over on twitter.
hilarious stuff if you go look at the thread in my replies
really not afraid to admit I don’t understand Ark for shit.
how are “preconfirmed vtxos” self custodial?
how does unilateral exit work?
there’s probably docs i could read but i am still in lazy mode until i hear anything convincing regarding the architecture
ryan cohen is a sad, sad failure.
ryan, YOU are the CEO.
chief EXECUTIVE officer.
YOU are the one who comes up with “the thesis” and then EXECUTES.
saying “if the thesis is correct” about an action that you’ve taken for your company is an admission of outright incompetence.
stock price is reflecting this, and GME will be done and dusted in short order even with a few coins in their back pocket
summary of housing market fundamentals:
1. majority demographic (boomers) need stable—at worst—or increasing home valuations. this is a retirement dependency and is non-negotiable.
2. future majority demographics (millennials, z) need lower valuations. this is a family/future-building dependency and is non-negotiable.
3. political cycle is based on the next election (2 years max) so the future demographics are ignored in favor of the status quo.
4. the fed owns multiple trillions in MBS as a result of 1. and 3., this is the primary factor in the market pricing of residential property.
this leaves government the following options: legislate supply increase to bring valuations down, fight the fed to bring valuations down through reduction of MBS on their balance sheet, do nothing, or actively encourage high valuations by seeking lower rates from the fed and legislating regulations on housing starts (we are here).
thus we can reasonably conclude that 1., 3., and 4., far outweigh 2.
feel free to ask me what you should do about that if you are a younger person, but hopefully you already know my answer if you are reading this (spoiler: hoard some fucking bitcoin)
we really are in need of a bear market.
the suitcoiners would give up because this time around there’s no FTX/GBTC/TERRA shit to blow.
it’s all public companies, spot ETF, wealth funds, pensions.
a bear market would convince the larpers that “the thesis isn’t correct” and then people who get it can stack (and we can go up again with real foundations and leave the larps behind.)
i am fairly confident the global shift regarding “the thesis” will happen due to demographics, not whatever the fuck david bailey is doing to accrue more larpers
zapvertising is not going to work y’all.
seriously, consider what you’re doing as a business that tries to zapvertise.
you are attempting to influence people to become your customers by selling your treasury.
sell your product!
sorry y’all but the Square announcement is a nothing burger
i think people were always a little over optimistic about “the bitcoin conference”
unpopular opinion:
we should be encouraging the hoarding of bitcoin, not MoE.
normies are getting stuck on MoE and have been forever.
Saylor approach to messaging is more correct.
hoard the corn until you are so fucking wealthy.
wealth effect takes care of MoE for us over time, people will be so rich from hoarding that they will feel deeply compelled to spend. this is when merchants will adopt to meet the demand.
path dependent process
ok wake me up at sub-500 moscow please n thanks
everyone pushing to rename to bits is a corporatehead.
once you see this there is no point to engage in the discussion.
sats have won the public trust.
ngl and hopefully i’ll be laughing at this soon but—this is literally exactly what I felt like in 2021 at 69k
GM
“sats” is lindy, get over it
actually the coinbase news is the biggest in a long, long while
implications are (super)massive
@Alexander Leishman is the professional’s professional.
I hope the guy has a nym he uses to shitpost and live amongst the plebs.
must be hard being that locked in all the time
man, coinbase goofed and now I have zero bitcoin other than what’s in my lightning wallet for zaps.
total bummer, might as well keep zapping the rest out though
the pace of back-and-forth re: OP_RETURN has gotten so fast and detailed that I can’t keep up right now
