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sourcenode
sourcenode@nostrplebs.com
npub1jfn4...t047
Holotropic Philosophy π’‚Όπ’„„
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sourcenode 2 days ago
Now that I'm thinking about it, Ethereum is the perfect name for a project that doesn't do anything.
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sourcenode 3 days ago
Any variation of, "If you're not with us you're against us." has me leaning against the sentiment being presented, even if I want to agree with it. Try on, "Those who aren't against us are for us." It's a better way to live.
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sourcenode 1 week ago
"Why haven't you invited your friends and family to nostr." - @TheGrinder I was laughing, but you couldn't tell cause I couldn't post messages in the chat. I love nostr πŸ’œ
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sourcenode 1 week ago
I went to an investors conference last week and wore different bitcoin shirts the first three or four days. Peter Schiff was there along with Brent Johnson, George Gammon, and Mike Maloney. There were less than 70 people there so I was definitely the elephant in the room. Schiff couldn't help trashing Bitcoin every time he had the mic, but I kept wearing the shirts. I had lunch with him wearing a bitcoin jersey, but he didn't say anything. No doubt there were some bright people at the conference, including Schiff. His understanding of economics is aligned with my own, excluding bitcoin. He's beginning to consider creating a "gold backed crypto" possibly with Tether. This would be a smart move for tether, but it'll never work in the longrun. He also said his end goal is to see vendors accepting physical gold. I guess the last 5000 years of market adoption wasn't long enough... I was respectful to everyone and handed out orange pills upon request, but otherwise just did my own thing. I enjoy hearing different opinions and challenging my own to see if I'm missing anything. I'm glad I went, but the energy was low. Attendance was down and the gold bug vision of the future is a dark one. That's the dividing line between holding gold and holding bitcoin. Buying gold is insurance against civilization. Buying Bitcoin is a bet on humanity, the energy grid, and the internet. I have around 1% in physical gold. Less in silver, but enough to buy groceries in an extended power outage + guns to keep my silver. Mike is currently working on a farm, which will probably be my next large investment, beyond networking with local food producers.
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sourcenode 1 week ago
I met Mike Maloney last week. He's well known in the gold bug circuit. He told me he was DCAing 4BTC per week at one point, but has since sold all his BTC for HBAR. I didn't know much about hashgraph so I looked into it. It's not a blockchain, runs PoS on 39 permissoned nodes that are run by some of the largest companies on earth. I asked him how he made the leap from BTC to that as a gold and silver guy. He started pulling out Roger Ver arguments, all of which were either misquoted or flat out incorrect. He told me to read his book. I told him I was well aware of Roger and that I thought he was a charlatan. I also told him that HBAR is basically a CBDC and that he needs to be careful talking about it with such a large following. I hit him pretty hard, but I kept it respectful and let him maintain his dignity. I suggested reading The Bitcoin Standard and he may not do that, but I imagine he'll think twice before shilling HBAR or Ver's talking points again. It's wild to see how online narratives play out irl.
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sourcenode 1 week ago
Someone recently told me that the fed's interest rates always follow the two year bond yield, not the other way around. They don't have as much control as people think they do.
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sourcenode 1 week ago
Interesting to see major issues surfacing in the bond market and everyone is going about business as usual. It took me many years of podcasts to even grasp the elementary machanics of bonds so it's not surprising people aren't talking about it, but it looks bad. Most default to seeing them as a "risk free rate" There's no such thing.
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sourcenode 1 week ago
Is "tokenized stocks" a real thing or is it all hand waving nonsense? I'm finding ot hard to believe so many companies think it's a good idea.
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