Apparently the next cast iron pan discussion in our #bitcoin bubble is raw milk cheese. So wen raw milk cheese USA?

I remember last time #Bitcoin went up sharply. I was mostly marveled by the hesitant accuracy of the bullish predictions. I remember thinking "next time I should buy some calls".

Technological advancement is extremely hard to halt over the long run, because knowledge builds cumulatively and diffuses across societies. As technologies mature, the marginal cost of reproducing information, designs, and even many physical goods tends to decline toward zero, driving continued innovation and adoption.

There are four types of people when it comes to making money: 1. Those who are not yet earning — unemployed or dependent on others. 2. Those who work for others — earning wages by building someone else’s vision. 3. Those who own competitive businesses — earning marginal profits in crowded markets. 4. Those who own innovative or dominant businesses — earning high profits in markets with little or no competition. #Bitcoin mining is #4

Today marks a decade since I stopped selling my time merely for the upkeep of my existence.

Strategy > moralism Fight me. #mindset

Whale strategy: Step 1. Dump #bitcoin Step 2. Load up on deep OTM calls Step 3. Buy as much bitcoin as you can right before expiry. Step 4. Collect on ITM calls

Do you think it's just a matter of time that market makers will need to start buying #Bitcoin to prevent getting margin called? Wtf is absolute scarcity anyway? 🤷‍♂️

Pain is the basis of good character. Suffering is the result of bad character under the influence of pain. #mindset

Being a non player when others are playing is what most humans experience unknowingly. Not understanding that a game is being played, not being willing to learn the rules of the game, Dunning-Kruger-ing the rules or simply being ignorant of the existence of rules; it is clear that disqualifying oneself is the main feature. Opting out isn’t neutral: it’s a forfeit. #NPC #gametheory

“You all see in the matter of coinage, in which it is felt that we have some interest, how we have even invented an art, and how many means the tester employs to test the coinage—sight, touch, smell, finally hearing; he throws the denarius down and then listens to the sound, and is not satisfied with the sound it makes on a single test, but, as a result of his constant attention to the matter, he catches the tune, like a musician.” -Epictetus (on validating #bitcoin blocks)

I'm grateful someone was willing to sell me some #bitcoin.

#Bitcoin is the first and only money ever.

If every HODLing Bitcoiner would get a loan at their own capacity today, to buy bitcoin with it straight away, it would send Bitcoin to $200k-$500k overnight. They could then liquidate a small portion of their #Bitcoin to settle the loan with. Rinse and repeat. Absolute scarcity is a monster fit only for real apes 🐒 It would require discipline and coordination, not ape like mayhem.

This is simple ape like financial advice for fellow apes, a thought experiment for very rudimentary thought capacity: Get a loan, borrow $100k @ 5% interest Keep $40k in a separate account so you can pay the interest for 8 years. (8y X 5% X 100k = 40k 🐒) Buy #Bitcoin for the remaining $60k Wait. Don't spend the money you set aside for servicing the loan. Don't spend the bitcoin 🐵 Check the price after 8 years. Celebrate.

I'm not competing. I never have. I produce that which nobody makes yet. When marginal profit arrives I offer my work for free.

In a fiat world, ideology is dominant over epistemology. #Bitcoin fixes this

Everyone with half a mind started shorting dollars at a certain point, whatever the asset or commodity of choice. First principle: every unit in a credit system is credit owed to someone. Which means that every unit is owed with interest, which means the interest needs to be newly introduced into the system to maintain the debt. Interest is the natural growth rate of fiat. The extra money to pay the interest does not exist yet → it must be created by someone else taking on new debt. This is exponential decay, it is exponential because a percentage, no matter what the percentage is, is added every year to service the debt. This exponential property of fiat is mathematically absolute, totally glossed over by most economists, and only requires you to buy some #bitcoin in case it catches on.

Fiscal dominance 👨🏻‍🍳

The left side of the bell curve is louder, for many reasons. #Bitcoin