I find this interesting because it is a counterpoint to my (current) belief that bitcoin is about to enter the accelerating phase of an S-curve. https://giovannisantostasi.medium.com/the-bitcoin-power-law-theory-962dfaf99ee9

Halvings are fun events but we should acknowledge that they no longer matter. A decrease of 450 bitcoin a day is now a rounding error on global demand. The 🇺🇸ETFs routinely buy 10x that. Just one of the reasons why we are no longer on a four year cycle. Expect faster cycles with greater volatility.

Bitcoin just flipped silver

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

If you’ve followed @Lyn Alden for a while, you know how she compares our current economic environment to the 1940s. In the 1940s, like today, the US had unsustainably high debt levels. To reduce the debt burden, it created high inflation and essentially devalued the currency, stealing from savers. In the 1940s, there weren’t many ways to escape the silent devaluation. In 1933, the government had banned citizens from holding gold which likely closed off an important escape route. Today, the ETFs exist. Now, when the government tries ye olde financial repression playbook from the 1940s, the entire country can buy bitcoin to escape the devaluation. How will the government respond? Will it seize bitcoin like it did with gold? Will it block self-custody and raise taxes on the ETFs? What else might it do?

The bitcoin price makes sense if you think that it’s somehow conscious, trying to throw off speculators and their leverage, like a wild animal trying to rid itself of parasites. Proof of work only No free money

Is there any entropy boost in a multisig wallet compared to a single sig? I’ve been looking for the answer for a while, and no luck. Hopefully someone here knows. #asknostr

Yay!! Got it!

Congrats, you earned a W

This is in our future. At some point, we’ll know foreign governments and large international companies are buying bitcoin because the price will rise while the US ETFs are being drained.