GM. Better weather. Busier day.

GM. Little weather this morning. Some snow. Some freezing rain. Taking it slow today.

Thinking on this a bit more. Feel free to point out flaws in my thinking. USDT running on Lightning means that BTC never has to be sold on an exchange to be used as a medium of exchange within the US dollar system. When you put BTC into a USDT Lightning channel, you are A.) Not creating a taxable event and B.) Removing the possibility of that BTC being sold on an exchange. If the US Government wants to incentive this “dual money” era, they would simply have to maintain the current capital gains on BTC traded for other currencies and communicate clearly that moving BTC to a USDT Lightning Channel is tax free. This means that value never has to leave the Bitcoin network in order to be used as a medium of exchange which would cause BTC supply on exchanges to plummet. View quoted note →

Waiting on politicians to make announcements regarding your money is incredibly fiat - or, at best, crypto - minded. Have some self-respect.

I’m starting to think daily social media use is unhealthy for me.

GM. Officially #NostrOnly.

Disciplined fools have accomplished more than distracted geniuses ever have.

Value is something we place on things. It’s not something inherently within things.

Disciplined fools have accomplished more than distracted geniuses ever have.

Short term Bitcoin price predictions are the lowest form of conversation.

I’m surprised no platform has figured out a way for people to temporarily loan their followers out to other accounts. The only thing worse than buying followers would be renting them. Given how many influencers rent homes, cars, and jewelry to give themselves credibility, I’m sure this is on the horizon. And just like all things, some people will want to rent BTC addresses to temporarily have the ability to flaunt sovereign wealth that also isn’t theirs. And worse, some Bitcoin holders will be willing to participate in these loans. They’ll still be fiat minded enough to think earning a yield is necessary. I’m sure the integration of USDT on Lightning will go a long way in facilitating loans like these. Yield will always be paid out in the weaker currency.

I don’t complain about clickbait or sensationalistic thumbnails/titles anymore. I just unfollow. If it’s a systemic issue, I uninstall the app entirely. That’s partly what led me to Nostr. I subscribe to the great master of fiction, Elmore Leonard’s rule that a writer can use 1 exclamation point per 100,000 words. When every title of every video ends with an exclamation point, I know I don’t belong anymore. There’s a special place in hell for those who artificially manufacture emotional responses in others for a living.

For eight months, I have heard the words, “…we will create a framework to enable the safe, responsible expansion of staple…stable…coins. Do you know what a stable coin is? Raise your hand if you know what a stablecoin is,” echoing in my mind ever since Trump declared them in Nashville. Today Tether announced it’s launching USDT on the Lightning Network. I don’t know if Lutnick and these guys have a deeper, more nefarious plan than it seems or if they have simply been sold by Saylor on the prospect of USDT becoming a medium of exchange the entire world has access to, thus capturing the supposed $5-10T market of daily economic activity. I’m not convinced Lutnick, Bessent, the Trump boys or even Lummis have a truly deep understanding of Bitcoin. Of course, I think, like any good Bitcoiner, “What are they trying to pull? How could they use this to make Bitcoin less sovereign?” But then I think, “You’re going to put the global reserve currency’s train directly on top of Bitcoin’s rails and think they’re going to harmoniously function side by side in some “dual-money-era” fantasy while one of them is going up forever and the other is going down forever? By all means, be my guest. The era will be short lived.” Cheers to the ones who understand all this better than I do. I’m just trying to make sense of it.

The lazy will always consider the efforts of the thorough to be excessive.