Choose your difficulty adjustment. Bitcoin or A few weak men acting in service of a corrupt state with a monopoly on violence

Anyone who would buy a bond that yields less than 15% is a bonafide moron. The largest financial market in the world is complete with irrational speculators.

I hate to do it but I’ve blocked everyone who posted to the hellthread. I’ll revisit this later.

Something is rotten in the payroll data. December and January’s revisions were so big that nobody should be wasting their time looking at this statistic anymore. It’s not being subtly manipulated - it’s being magic markered and they don’t even understand it anymore.

It was a matter of time but banks are going to have to write down all kinds of debt now that we’re a year into this 500bp rate hike and rolled coupons are now due. Look up credit migration - should have been priced in when rates hiked but it wasn’t. The COVID liquidity opiate is wearing off and life is harder for addicts. Gradually through extreme control and ignorance, then suddenly the dam breaks.

I recommend everyone learn how Lightning channels are made to be trustless. It requires nearly zero technical expertise but it shows how elegant and simple incentives can be. If you want to dig deeper, you will understand why Bitcoin is enough to deliver these incentives but personal vigilance has to exist to truly use LN in a trustless manner.

If you think the red candle on XBTUSD is shocking - wait till we see it happen to the SPX. 2023 is upon us.

Everyone’s XBTUSD cost basis is a scoreboard for how strongly we let the man psy-op us. It’s not what we deserve - it’s just a score - but it does have meaning. Bear markets are overtime periods that allow for us to progress in our worldviews and get do-overs. A second chance to stackety-stack. Don’t let the opportunity slip away if you have dry powder to escape the psy-op

#coffeechain It’s Brazil Caconde Joao Hamilton from my Blue Bottle subscription this morning - using my Techni-Vorm Most days I choose convenience and performance and just brew with my drip machine:

There is a nostr-verse. It’s currency is bitcoin. It’s users are abiders of the Bitcoin protocol, and residents of the vision for what is possible under a Bitcoin standard. It will soon attract travelers and tourists from Fiat. They will experience a tiny tiny taste of what life might be like on a Bitcoin standard - the same way we live on fiat shitcoins and assimilate to their rules when we travel to their lands.

Pura Vida and GM. We’re all Moscow Time travelers today. 5000 sats is the exchange rate of freedom. In some places, we also call this Friday. Hope you all make the most of it!

Cholesterol and viruses. What do they have in common? Our knowledge of them in science comes from observing a fire and seeing firefighters and concluding that the firefighters caused the fire. Neither is what we think they are and only those ignoring the “science” are escaping the iatrogenic damage.

Like a steam locomotive rolling down the track He’s gone. Gone. And nothings gonna bring him back For those who think I’m too focused on #phish this song obviously speaks for itself

I would ride or die with someone who believes they are spiritually chosen over someone who believes they are politically chosen - any day of the week. Politics is spiritual murder.

#coffeechain My go to for beans is my Blue Bottle’s single origin subscription. I can’t say the taste is always spectacular but the quality of the beans is always visibly superior. I also subscribe to Angels Cup and the consistency difference in Blue Bottle’s baseline is tremendous.

I’ve begun to time label my notebooks by block and date. Alone, they are not too important, like a handful of rice and a handful of salt. But make them one thing - and you have something pretty special.

#risk Individuals will lose bitcoin and will benefit the network (everything / 21M). But institutions will lose bitcoin and (my opinion) detriment the network. They rugpull their service, create a loss of confidence, and then dump whatever bitcoin they have left on exchanges. So my unpopular opinion is: The network should be appropriately discounted (in fiat) whenever an institution holds a large portion of the networks coins. But on the other side: Insurance provided by a well funded fiat not denominated in the network currency can remove that discount to the extent their limits prevent the consequences associated with lost bitcoin.

First principle of risk: the expected loss = frequency * severity Because losses in Bitcoin are total, the severity is infinite. People don’t grasp how consequential this is for the world but every sat holder is holding together the value of the network.

People don’t need to verify anything until they realize that they can. This applies to nocoiners and Bitcoiners. I didn’t know I could run my own firmware on a miner until I heard about Braiins and looked into it - now I can’t imagine a miner just trusting it. Same goes for wallets, Lightning channels, social media hosting servers - it’s endless. It’s the rabbit hole. The rabbit hole is the journey to verify.