Fuck to the yeah.
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BoomTown
npub1h4lr...2jcm
scarcity requires trade-offs.
#Supercycle
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Remember when Sequoia had *no governance documents* to prevent SBF from executing fraud at FTX? Fraud only revealed by binance ruthlessly blowing up FTX very publicly? After *everyone* (like even Larry David) endorsed FTX and SBF? Remember that? Remember how ridiculous the simping was? Remember? And remember how they were at least 80,000 bitcoin short? At the time 3-4 months global bitcoin issuance / production.
Now think about where we sit with MSTR and the ETFs and Coinbase. Coinbase claims 2M bitcoin custodied. You think they’re all accounted for?
Blub, Bluuuuub, BLUUUUUUUUUUUB!
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When does hashrate drop? Lots of miners running at a loss?
COINBASE
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Class of 2021 is the hardest class. Longest bear market, no blow-off top, bear draw down below prior ATH, absolute shit 2025 bull market.
I’m saltier than everyone else because the data says I should be.
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“What’s taking so long?” — Class of 2021
Definitely a risky, centralized single point of failure. But even if they can stave of “failure” indefinitley, Coinbase is inarguably a centralized, single point of market manipulation.
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@ODELL bitcoin park’s NOSTR relay is down?
What’s the expected timeline for the bitcoin legislation?