What the heck?

Wasn’t there a big #Bitcoin short that would be force closed at $85,000 today? 🤭

This from @TFTC on the X place… Michael Burry: The moment your interest payments exceed tax revenue, your country officially becomes a Ponzi scheme.

Never mind the $$ price fall of #Bitcoin, think in terms of percentage falls from all time highs. Look at the chart on

Falls from ATHs

Polar Bitcoin - plotting prices on a polar logarithmic chart

and you’ll see that the recent fall is nothing. Onwards and upwards my friends! #BTC

It gets a bit depressing when you have to zoom out to see a year of #Bitcoin pricing to feel positive about things. Won’t #BTC do something exciting soon, please?

There was gold on which the dollar was built but the dollar was abused and is being manipulated to death. Better digital money is needed for the 21st century and beyond. So here’s Trump’s plan… Print as many dollars as possible to buy some crypto currencies that can be manipulated to death by somebody else - oh, and get some #Bitcoin, too. Insane!

Has the #Bitcoin bear trap just been sprung?

Why don't you wear a suit? Do you own a suit?

Wow!

It appears that, as well as plundering the global south (see “Hidden Repression” by @gladstein), the developed nations are also exporting extinction.

the Guardian

Richest nations ‘exporting extinction’ with demand for beef, palm oil and timber

Consumption in wealthy countries including US and UK is responsible for 13% of global forest loss beyond their borders, study finds

A REVELATION: in the latest #Bitcoin headlines from CoinGecko we learn that #BTC could go up or down.

I’ve just replied to a Xitter message. It took one minute to craft/type the reply and then two minutes to cut the character count to some arbitrary limit FFS. ☹️

Most Americans think in terms of “USA and the rest of the world“ whereas the reality is “USA and most of the world”. Thanks go to Lord John Browne for this viewpoint.

The mempool has been emptied! Should we infer that all #Bitcoin transactions are either through ETFs or lightning? If so… you f*ckwits!

I've just returned from a trip to London. It was heaving and - apart from the tourists - seemed full of people with "things to do and people to see". Particularly in Canary Wharf, a bustling business district. I posit that, on a local scale, people coalesce at a location where they can earn what they need to live and then a bit more - maybe a lot more - for a comfortable life. Hold that thought for a second and I'll tell you that the excellent "Broken Money" by Lyn Alden was too heavy to take to London in my shoulder bag so I took the much lighter "Hidden Repression - how the IMF and World Bank sell exploitation as development" by Alex Gladstein. "Broken Money" explains how money *can* be abused by those in power whereas "Hidden Repression" details the actual mechanism that *is* used. The developed countries are plundering the developing countries and enslaving their populations who are now looking for a way out of that perpetual poverty. Back to London: people coalesce at a location where they can earn what they need. So the same surely applies on a global scale. Populations migrate to where a living can be made and if, by way by example, shrimp farming has destroyed a sustainable lifestyle in Bangladesh along with the environment (Gladstein chapter 1). We shouldn't be surprised if migration from Bangladesh to developing countries happens. What if the IMF and World Bank stopped making loans to developing countries - encouraging (forcing?) them to export the necessities of a luxurious, first-world life - and gave loans to encourage real, sustainable development? Maybe people could lead sustainable and fulfilling lives in their own countries; effectively dispersing the masses from artificial concrete cities to healthier, more fulfilling locations. By the way, I do recognise that this last point might come across as wanting to "send them home". It's not. I just don't understand why happy lives can't be lived anywhere. I certainly wouldn't be happy living and working in a concrete jungle and neither would I be happy living on land polluted by saltwater so I could grow shrimps for export and earn $1/day. Something in between would be nice. Indeed, I might try El Salvador. Can't we just share the bounty of the earth in a more equitable fashion? The Dollar hegemony, central banks, the IMF and the World Bank all need to go.

A quick suggestion/request. Use… DoGE if we’re talking about a newly formed department in the US DOGE if we’re talking about a sh*tcoin