Not a Polar Bear

If/when #Bitcoin is adopted as the global reserve currency its key differentiator from fiat currencies will be the fixed supply. How is this different from Margaret Thatcher’s monetarism which sought to limit inflation by reducing the money supply and which, more to the point, ultimately failed rather badly?

The original and the best: https://polarbitcoin.net/static/polar-graph.php?paramsFile=likeAlice&size=1000

...and then it c-r-a-s-h-e-d almost 5% from its all time high. #Bitcoin

My thought from the shower: what are governments for?

It's Friday. You know what happens…

Nobody expects the unexpected!

It always seems very odd to me that news articles attempt to attribute #Bitcoin movements to events in a particular country - #BTC dips pending US CPI statement, etc. Surely #Bitcoin is a global phenomenon and only incidentally affected by local events. The price trend is dictated by forces stronger than the dollar. Sorry USA.

Predictions for when #BTC hits £100k, please. Winner gets 1k Sats. I’ll start: 16-Jul-2025 14:45z

Always the unexpected in fiatland.

We all love graphs that go to the right and up: the plot at polarbitcoin.net does that by design (it rotates the chart every year) but right now with #Bitcoin at an ATH we can feel pleased with how all our #BTC charts look.

We’re so close

Not my usual subject matter… https://x.com/i/status/1936078207767167419

One dollar buys…

I have a vague idea for… An app to use at #Bitcoin meet-ups. It would look for other instances of the app and then automatically mix all the #BTC made available. Maybe participants could have two wallets, one for sending and one for receiving. Just saying. I’m not sure if this would be useful in the real world. 🤔

We went away for the weekend and found this. Oh dear…

#Bitcoin is a crypto currency, just like humans are animals.

My super simplistic view on the failing Bond Market 1) Government - needs to borrow $1,000 - offers a bond at 5% - will offer 5% interest and return your money after 5 years - the deal: you will get $1250 ($1000 + $250) 2) Bond Holder A - accepts deal but… - later thinks government will default on the debt or… - can earn more than $1250 elsewhere. So… - cuts losses and sells bond for $800 to Bond Holder B 3) Bond Holder B - has a new deal: $250 on $800 = 6.25% 4) Government - needs to borrow another $1,000 but… - must match the market expectation of 6.25% which… - convinces more bond holders that the government will default. 5) Rinse and repeat. Ok-ish?