52/52

Sat-cent parody is less than 10x away

There are a handful of real Bitcoiners like @preston that also own MSTR (because that was the closest we could get to the real thing in retirement accounts a couple years ago). However, I see these MSTR die hards that cry and throw temper tantrums every time he hits the atm and reduces the share price, but increases BTC/share. I don’t think these people are Bitcoiners. I think they are here for fiat gains. As long as MNAV is above 1.0, keep the flywheel going. And if MNAV drops below one, I’m probably a strong buyer 🫡

My Orange Pill Moment In the 2008 Great Financial Crisis I was in high school. My parents were financially illiterate and had no assets so they didn’t really “feel” the down turn nor could they explain to me what was going on in the world. All I remember seeing on the news was how absurd the situations that these banks had wandered into were and then trying to argue that they were “to big to fail” so they would all continue to have jobs next week. I remember arguing with my friends that these banks deserved to go under, the cab drivers and strippers that had 4 houses with mortgages at 104% loan to value deserved to lose the houses, and the underwriters of those loans deserved to go to jail. Once the dust settled, I realized the powers that be and society largely disagreed with me. The banks got bailed out for the most part and no one went to jail. My first taste of capitalized gains and socialized losses. For the next 12 years, I never truly came to accept what had played out. I always felt like I was the crazy one for thinking sometimes companies needed to go bankrupt and society is better as a whole when that happens. When I started my career in the mid 2010’s, investing was psychologically difficult for me because even then, valuations of public companies seemed stretched on a historical basis. But every investor everywhere had been conditioned by the Federal Reserve to always buy the dip, and they were always rewarded for doing so. So I shoved my gut instincts as far to the back of my mind as I could and started investing anyways. In 2017 I joined the company fantasy football draft. When the initial email with the rules, the buy in, and the payouts was distributed, the coordinator had options to pay in crypto to addresses in BTC, ETH, or XRP with long strings of characters after them. Having no idea what these were, I asked the draft coordinator what the long strings of characters were. I don’t even remember what his explanation was, only that when I asked him what you could do with it he said, “you can buy drugs with it on the internet.” I thought to myself, “well, I don’t do drugs, so I guess I don’t need whatever that is.” This was my first touch point with Bitcoin. I then forgot about it for another 3 years. In March 2020, all my emotions from 12 years prior came roaring back with a vengeance with the CARES Act. In a few weeks, we created $2.2 trillion out of thin air. Enough money to buy the house outright that my wife and I had just purchased a few months prior every second for 6 weeks. Since my wife was furloughed from work for 4 months, I had bigger things to worry about than the morals and ethics of printing that much money in such a short period of time. Then in November, 2020, Congress was in the midst of hashing out what became another $2.3 trillion spending bill. When coupled with the CARES Act and then the American Rescue Plan, we had expanded the money supply by 40% in one calendar year. The student was ready for the teacher to appear. November 24, 2020, I saw a podcast episode titled BTC 001: Bitcoin Common Misconceptions pop up in the investors podcast feed, a show I had been listening to for years. It definitely made me aware Bitcoin was meant for more than just buying drugs on the internet. December 1st, 2020, BTC 002: The Case for Bitcoin w/ Vijay Boyapati dropped in the the TIP feed and absolutely melted my brain. The switch had flipped. The lightbulb was on it was as if I had just opened my eyes for the first time in my life. I realized I hadn’t been the crazy one over the last 12 years and there were millions of people in the world that shared very similar beliefs. I was not alone. Little beknownst to me, on January 3rd, 2009, in the depths of my first mental struggle, Satoshi Nakamoto inscribed in the first Bitcoin block, “Chancellor on brink of second bailout for banks.” The message was clear. No more bail outs. No more kicking the can down the road. Everyone will play by the same rules. We are ripping the money printer out of your hands and destroying it. The jig is up. The number of people around the world have figured out the fiat currency Ponzi scheme has reached critical mass. Fiat currency has crossed the event horizon of the Bitcoin black hole and in what will seem like the blink of an eye in human history, will be shredded into atoms by the gravitational pull of Bitcoin. The operating system of the world is being overwritten right in front of our very eyes. There is no stopping this train. The only choice you have is when to get on.

I enjoy thinking about nation state multisig, storing trillions of dollars of value in a safe way by people that are technologically retarded. Here’s my half-baked concept: 5 of 9. In the United States you’d have these 9 people hold a hardware wallet: President, VP, President’s Chief of Staff, Speaker of the House, Senate Majority Leader, Senate Minority Leader, 3 most senior Supreme Court Justices. Since these people are prone to losing or bricking their hardware wallets, redundant clones are kept in large clear lock boxes in open public spaces in large cities so the citizens can all see if keys are ever being rotated out. In a 5 of 9, you’d have to have two branches of government agree to spend, you’d have to have 5 people be compromised to get swept, with redundant devices, losing coins due to incompetence is nearly impossible. 10 BTC would be left on each of the 9 single sig wallets as an incentive for someone to sweep the funds and reveal that they have compromised 1 of the 9 keys and discourage the attacker from going after subsequent keys. The attacker would get to keep the funds as long as they shared how they did it. These security holes would then be patched. Who’s got better ideas?

My favorite pumps are the ones that don’t seem to have any correlation to breaking news. Good old fashioned supply suffocation.

Will zap 1000 sats to whoever sends me back my profile pic with an orange tie. Zapping best version in 8 hours.

@preston 🤣 I dream of the day Buffet sees the light and all of his disciples are all of a sudden preaching the book of Satoshi and have amnesia about ever having called it “rat poison”

Can someone make a chronological, time stamped compilation video of all Larry Fink quotes on Bitcoin? I feel like that would be fuckin epic.

What’s the news?

Hell of a 15-minute opening rip @NICO⚡️ We need more of this, especially to set all the class of 2024/2025 kids down the path of “came for NGU, stayed to end the Fed.”

Apple Podcasts

White House LEAK: Trump Using Tariffs To Buy Bitcoin?! | EP 1223

Podcast Episode · Simply Bitcoin · 04/15/2025 · 1h 24m

Two more EO’s Trump needs to sign: - All public restrooms must have paper towel dispensers. - Paper straws illegal.

@ODELL on Bit Bonds: “It would be a budget neutral way of adding Bitcoin to the Bitcoin Strategic Reserve.” Excuse me, sir. Let me remind you of this executive order… Bessent and Lutnick are required to find ways of acquiring BTC in a budget neutral manner. I want in on nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8spzemhxue69uhhyetvv9ujuum5dahx2u3wvdhk6qg5waehxw309aex2mrp0yhxgctdw4eju6t0dc6x5ss side of the bet. 100,000 sats against your 200,000.

Nostr isn’t the right audience for this, but when your boomer family comes to you asking if they should sell any assets, remind them that global M2 has been moderately expanding for all of 2025 so far, likely accelerating in the near term. We’re going higher, and soon.

Most people wish they had bought 100’s of Bitcoin back in 2009 so they could buy lambo’s and a nice house and quit their jobs they don’t like. I wish I had bought 100’s of Bitcoin so I could throw around 100,000 sat zaps like candy.

Houston, we have a problem.

Bitcoin will be to the dollar as a lightbulb is to a candle. We still have candles, they still have their niche use cases, but we don’t need them anymore.

Nostr fixes this

Now that is some serious dust consolidation right there. Well done, anon.

Alright, let’s bang out the corporate media’s crying and wailing about how tariffs are the end of the world and let’s start talking about slashing income tax!