Through the lens of cost basis between new buyers and old hodlers this is where we are at in the macro cycle.

Bitcoin Fundamental Strength Indicator has been cooling off from overheated for 3 weeks, preventing further bullishness. Doesn't look done yet. Probably a good time to sit it out. FSI tracks momentum strength on 17 technical and on-chain indicators (effectively MACD on my Bitcoin Macro Index which I posted once on Twitter). PS. I'm posting charts on Nostr first, Twitter second with time delay (or maybe not at all).

Nostr is the result of Austrian School Economics. Twitter is Keynesian.

Twitter feels like toxicity and fake news pumped into my brain. In stark contrast, Nostr feels like a place for civil conversation to build the future, with an overarching feeling of common ownership. The last time I felt this excited about a technology was when I found Bitcoin in 2013. Before that was pocket computers / smartphones in 1998.

Cathy Wood's price prediction of $1m BTC by the end of the decade basically means BTC becomes a major reserve currency, placing itself a close third behind USD and Euro. i.e. $21T USD (2022 M2 supply) $17T EUR (2022 M2 supply) $17T BTC (2030 predicted cap)

Nostr is exactly what a social media network needs to be. The content, user base and associated network effects are in the open domain. Meanwhile the user experience is determined by competing apps. Your app is censoring, rising to the top toxicity, fake news, bots? Move to another app. Users and independent developers have a choice.

Even though I’m already running Damus in beta, I’m super excited to see it get App Store approval. Now posting from my Mac. Congrats @jb55! On my wish list is cut and paste images from my desktop clipboard, will help posting charts!