We must pause the AI until we figure out what the hell is going on. -Elon Musk

So, Twitter Blue is only bringing in $3.8 million a month. Does anyone know the amount of zaps on nostr so far? I’m currious about the comparison.

I did not know this: the CFTC says a digital asset can be both a commodity and a security. The fact that the CFTC is going after Binance’s trading of ethereum derivatives, does not set a precedent for Eth avoiding SEC oversight

Ok Saylor, that’s enough. Save some for the rest of us.

Skull of Satoshi big green candle

Is anyone following the RESTRICT Act (TikTok ban)? If broadly interpreted, it’s argued that it gives the US president the ability to ban technologies, including bitcoin. It’s like a 6102 based on the RESTRICT Act, but for bitcoin.

On a scale of 1 (meh) to 10 (crazy for it), how much do you like the Skull of Satoshi? Me:

I’m in awe. The base of the skull is conspicuously shaped as a volcano. Nuclear cooling towers emanate like a king’s crown. Even the worker has to sit back on the side and appreciate the creation.

I think I need a replica of the Satoshi Skull.

Gensler said “everything other than bitcoin” is a security (NyMag 2/23/23). How people continue to buy shitcoins is beyond me.

Rapture: (n) the feeling of intense pleasure or joy Bankrapture: (n) the pleasurable feeling experienced by bitcoiners watching bank runs

Dear Normies, Bitcoin will be there when you need it. You’ll be able to get it at the price you deserve.

The FED is back to brrrr, but the market is down. Bitcoin is up in the setting of a crackdown on Bitcoin banks and mining. This has to make the overlords angry. Me, I’m just gonna enjoy the day.

The FED is talking about turning the money printer back on. Banks have at least 600 billion in underwater assets.

There’s serious talk about bailing out depositors at Silicon Valley Bank and leaving American taxpayers on the hook. Once again, the American system is privatizing gains and socializing losses for the most powerful. VC’s chose to ignore the risks inherent in the system. Perhaps the precise way this is playing out wasn’t entirely predictable, but a system based on leverage and debt is bound to fail one way or the other. Each bailout will only increase in size, allowing the most powerful to up the leverage. If depositors get away it through bailouts, the powerful will never learn. But, how will they learn this important lesson? The only way they will learn is through pain. Pain is the best teacher.

A16z uses Silicon Valley Bank.

#[0]​, I like that you upped the limits on Cashapp just as bitcoin is below 20k. Perfect timing. Thank you!

So, Biden wants a 30% tax on electricity used in PoW mining.

Damn, that #GBTC case. It is looking like Grayscale might actually win. Wen ETF? 3-6 months. I’m cautiously optimistic. IOW, I haven’t started looking on Zillow…yet.

So a “defi” Eth protocol is updated to steal back previously stolen eth. How do they get away with calling something decentralized when one entity controls the funds? It decentralization theater all the way down.