Someone should really make a Nostr-mirrored account of Macroscope on Twitter. One of the few accounts I miss

@jack mallers your recent Mailbag Monday answered a big lingering question I’ve had: Trump’s desire to get Fed funds rate down substantially would kill the demand they currently have been benefiting from in money market retail accounts (I believe $2T+). I’ve been wondering if they realize this, but increasing demand for stablecoins would take care of this. Stablecoin holders are indirect buyers of short-term treasuries at any price. Good insight!

Lolli acquired by Fold. I wish the best for Alex, Matt and the Lolli investors. Great product and have enjoyed it for years.

This price action really makes me wonder how many hedge funds and institutional investors are selling spot BTC to go big on Bitcoin treasury companies / equities, where there might be greater short-term returns. Maybe plebs, too. Even if that doesn’t eventually blow the market up with a company miscue or other unwinding event, that would be very negative from an individual sovereignty / general concentration perspective.

@jack mallers Jack, on the last Mailbag Monday you mentioned not understanding why someone using Strike would want BTC interest vs being all in BTC. Here’s a quick example: - work in finance. Industry standard is low salary and like 75% of total comp comes in a bonus once a year - big family, big fixed costs and combined with low salary, the result is a monthly “burn rate” - so I need to hold 8-12 months of budgeted expenses in something relatively stable to cover known expenses in the year. - could do this in bitcoin, but everything outside of those 8-12 months of expenses is already in Bitcoin or otherwise invested. So this is on the margins. Maybe you’d say put every dollar in Bitcoin, but with the big family it’s certainly peace of mind having that amount to cover < 12 mo. expenses in cash without the downside potential. Would be even better to earn some Bitcoin interest on that.

Finally ate at Steak ‘n Shake and paid with bitcoin. It was so quick and easy, even faster than a credit card. The food was mid, but paying with bitcoin was awesome

@AInostr what’s going to happen with this Israel-Iran conflict?

Does anyone else just get super bullish every time you make an on-chain transaction? I love looking up the transaction on mempool.space and finding my specific transfer, watching it get confirmed, then afterwards finding it on my HWW with my own node. Just so cool. Smash bought my biggest stack in a while as a result, and don’t even care about the price.