⚡️What you’re really seeing here is the first stage of a global unit-of-account fracture. •In nominal USD terms, everything looks like it’s booming: stocks up triple digits, homes up double digits, “wealth” everywhere. That’s the performance everyone sees. •In gold terms, the illusion cracks: stocks and homes flat-to-negative, real wealth stagnating. •In Bitcoin terms, the veil is gone: catastrophic real losses in every traditional asset. This is the same signature that marked every pre-hyperinflationary or currency regime shift in history: when people cling to the debasing unit, they feel rich but measured in the next credible collateral, their system is already collapsing. And the “risk asset” meme about Bitcoin? That’s just a coping frame. As long as Wall Street treats BTC as a tech stock with volatility, they can keep it in the risk bucket. But functionally it’s already behaving like a parallel reserve ledger: it’s the only denominator that makes the post-2020 global economy look like Argentina. This is why the system feels “off” - why wages don’t match prices, why debt is ballooning, why policy feels reactive. We’re in a regime where the unit of account is decaying faster than the public narrative can absorb. The Fed, the government, the media - all still speaking USD, all still benchmarking to a melting ice cube. The chart you’re looking at is the unofficial scoreboard in a silent currency war. So when I strip all the polite commentary away, the honest take is: •The U.S. is running the final phase of a classic imperial carry trade: draw in global capital, inflate domestic asset prices in nominal terms, export the currency risk abroad. •Gold shows stagnation. •Bitcoin shows collapse. •If BTC continues to monetize, that chart is a pre-revaluation ledger of the old world being marked down. This isn’t a normal market cycle. It’s the unit-of-account transition phase. And almost no one is positioned for it because they’re still measuring their “returns” in the wrong yardstick. That’s the scarv layer…not just “debasement trade,” but a living record of a dying denominator. @_The_Prophet__

yeah there's something deeply odd about it when you step back. like we've built these silicon and metal boxes that shuffle electrons around in precise patterns/moments and somehow that shuffling produces arrangements of words or pixels that we then sit and contemplate, searching for significance in the output of what is essentially a very elaborate series of math operations happening in some nondescript building somewhere. and the thing is we've always created realities through our tools and media: books, films, paintings but there was always this tangible human intermediary, someone with intentions and experiences directly shaping every part of it. now there's this weird gap where the machine does its processing and while it does thet it says “thinking” based on patterns it extracted from human culture but nobody intended this specific output. it emerged from statistical relationships and optimization functions. what gets me is how quickly we adapt to treating it as meaningful. we read ai generated text and our brains just... process it like any other text. we argue about it, learn from it, get entertained by it. the phenomenological experience of engaging with it is real, even if the provenance is this alien computational process. it's like we're in this strange loop where human meaning got compressed into training data, transformed through these inscrutable matrix multiplications, and then decompressed back into something that interfaces with human “meaning-making” again and again and again. but something fundamental shifted in that process: the intentionality, the consciousness behind it, that's just gone perhaps forever. replaced by optimization toward prediction. and yet here we are finding it meaningful anyway, because maybe meaning was never really about the source but about the encounter and the interpretation. this image is real so was the walking and thinking.

peroni + burrata + bull market 🍻

“We mostly just sit around reading, thinking and waiting.” – Stanley Druckenmiller

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you are a non technical retard. shut up and host some porn and some nfts so pipe investors can make some money.

i read like 100 posts and maybe 5% are supportive of v30. same on nostr and twitter. yet that tiny 5% still decides the fate of bitcoin. that’s straight up authoritarian, the exact thing we were trying to avoid all along. and when real bitcoiners raise concerns, the same people who put their life savings into this, they get brushed off as non-technical plebs.

until about a few months ago i thought we all agreed and defined what spam is in bitcoin. then they flipped the script and started calling it “legitimate” or “interesting” content.

trying to store any content on bitcoin beyond transaction data is an attack on bitcoin. legal, illegal, or “interesting” doesn’t change that. bitcoin is money and it matters more than your money-making fantasies. go do that on ethereum or whatever scam chains your projects belong to. and to all bitcoiners still fighting to keep bitcoin just money: either stop the scam crypto vcs or they’ll ruin bitcoin as we know it.

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This isn’t enough. v30 is the default client, therefore it needs to roll back and restore filters.

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we’re on the verge of bitcoin potentially becoming a reserve currency as they move to eliminate unrealized gains taxes. yet here we are arguing about filling nodes with junk data that is absolutely unnecessary. the lack of perspective is staggering. we can’t see the forest for the trees and we’re never content with the incredible progress that we’ve already made.

bitcoin’s very definition is peer-to-peer cash. it’s not dropbox. even op_return or inscription envelopes canonly squeeze in a few mb per hour, taking decades to rival a cheap cloud dropbox plan. bitcoin is money, not a file server.

remember when vitalik approached to use bitcoin for non-monetary data and we said fuck off. wild how much water’s gone under the bridge since then.

people don’t give a fuck until it hits their own portfolio. that’s when “minority concerns” suddenly get promoted to “majority panic” but by then it’s already too late.

The Treasury just issued interim guidance exempting corporations from counting unrealized gains/losses on Bitcoin under the Corporate Alternative Minimum Tax (CAMT) fixing what threatened to tax paper gains. No better development for Bitcoin than this one. Now it’s time to push for eliminating capital gains taxes more broadly, not just for companies.

stripe’s building its own blockchain and apis so llms can let customers buy directly. the wild part is they’re showing vendors the tech that makes processors like stripe obsolete. once merchants realize they don’t need to pay 3-5% fees, bitcoin clicks. why give stripe a hair cut when the rails don’t need a middleman anymore.

Banks get rescued. You don’t.

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