The ETF is irrelevant to Bitcoin but will begin the demise of Blackrock. No centralized entity can maintain itself while also holding Bitcoin for its stakeholders. Greyscale was discounted to zero. Micro strategy had their founder step down as CEO. The state we used to know as El Salvador is being dismantled before our eyes. Elon let go of the bitcoin before he allowed this rate on his institutions. The list is already large. It’s only a matter of time before millions of people realize that a few thousand real sats in their custody is more valuable than the sum of all the IOUs they hold. Bitcoin is for individual power, not institutional power. We will see this time and again as we see the individuals who bring Bitcoin to their institutions ultimately choose Bitcoin over their institutions.

It’s not a silent majority - it’s a censored majority

Sorry Matt but it’s ok to like your own pod enough to boost it.

The Normal Distribution is a very powerful psy-op Few (but more than we think) <- if you get this then you can understand the original statement.

Talking to people about money who don’t understand what the Fed did is like talking to people about politics who don’t know that Kennedy was assasinated.

Follow up to: Closed source code seeking a network effect is inherently evil: A society that is so weak at protecting property is - of course- going to rely on fiat decrees like patents and contracts. This will always incentivize closed source code. It’s evil no matter how you cut it. It either complies with a tyrannical fiat or it willfully attempts to operate in opacity for nefarious purposes.

Closed source code seeking network adoption is inherently evil.

Telling someone to buy Bitcoin isn’t financial advice Only in a money that isn’t free to use can there be a regulated idea of what to do with it.

Only good ideas get censored. Only good ideas could be considered dangerous. Bad ideas aren’t worth the trouble

The word “extremism” is used to describe people with strong conviction. It’s an obvious psy-op to reward a low level of conviction.

https://fountain.fm/episode/nL3FlCJJWkNQNxCpHtan BusinessCat has a baby. We do our Covid episode.

@Swan Bitcoin has its flaws and issues of concern but let’s be fair and acknowledge that they will likely lead the league in converting ETF to real Bitcoin for people.

The bitcoin ETF is not about bitcoin at all. Its about Blackrock dumping its bonds. It’s more akin to ordinals and inscriptions except that the impact to our markets will be more severe and more long lasting

There are curious plebs who will decide to tackle @jimmysong Programming Bitcoin book. This is a pantheon Bitcoin book that treats plebs as capable mathematicians - getting them I to the deep end of Number Theory and Abstract Algebra right away in the first couple of chapters. The rabbit hole took me from that book to now - after 10 months - where I finally learned the Number TheoRy needed to prove Fermat’s Little Theorem - a very important result that allows for software implentation of cryptography. Don’t ever trust the math. Verify! I probably could have built an app In the last 10 months but my heart and soul had only one goal in mind - keep pursuing this rabbit hole.

Nobody is considering the government raising rates to push up the long yield curve in order to lower 100T in long dated unfunded liabilities and terminate them. Once Japan can no longer do Yoeld Curve Control (happening now) - the 30Y bond yield will moon The. 100T of liabilities gets cut in half. Then the US govt starts buying Bitcoin to terminate it. It’s possible.

None. The SEC wanted the legal arguement out of their map and the court did that for them. They steam-rolling ahead. We won’t all pay for letting Coinbase I to this party for some time.

A “financial advisor” who isn’t a useless vulture would discuss with a pleb how much of their corn should just be timelocked as part of their overall security strategy. They might help a pleb determine what security tools to use to meet their financial goals Recommending how much bitcoin someone else should have is a laughable profession, violates every praexeologixal foundation of Bitcoin, and an A+ grift.

Mathematics is an imaginary world where we can establish and prove objective truths. Its the only world where we can do this. Establish a set of rules and conditions for which these truths are actually self-evident. Bitcoin is a physical manifestation of mathematics where the truths of the imagined system manifest in our physical world.

Like Jerry Garcia, Hal Finney didn’t start the movement that he contributed so much to and brought to a level that wouldn’t have been known without him. Hal Finney died 19 years and 19 days after Jerry Garcia. Color me intrigued.

There will exist a Bitcoin University. My admission standard would be to show ownership of 10% of the prior epoch block reward as held Bitcoin. Sign the UTXOs and you’re in. No academic pursuit can ever exist unless the student is in total control of his time.