I’ve been seeing a few fund managers do this now. Add BTC to their other bond and equity funds to goose returns by taking advantage of BTC’s incredible Sharpe ratio. BTC burrowing itself deeper into the financial system. Game theory at work. Limited supply so always advantageous to acquire BTC before others do. View quoted note →

It seems that devs are frustrated that our only layers are custodial. Even lightning is mostly custodial. So, to “fix” this, we need a new technology that will potentially enable new unknown solutions in the hope that something will magically solve the problem. They don’t know how it can be abused but they don’t care because they’re distracted by the hopium. Their hearts are in the right place, but this design philosophy is inappropriate and dangerous. They need to follow Satoshi’s example. Keep the system simple and safe. Think long term. View quoted note →

You’re a neighbor if you send over food when someone is sick, help others when they need something, and watch over your community. You’re a socialist if you feel entitled to your neighbor’s property and send over armed individuals to take it on threat of violence. View quoted note →

This is new tech that I’m incredibly bullish on. For context, watch in conjunction with this video on bitcoin adoption in Peru. Basically, the idea behind Fedi is to create a privacy respecting app and cloud platform managed within a local community. The two apps launching now are bitcoin banking and chat. Sign up is simple as nobody needs to manage private keys because this is done by a few trusted leaders in the community. Those leaders cannot see anyone’s data or transactions but they can restore your access to your full account if you lose your phone. One of the biggest issues with bitcoin today is making sure nontechnical people don’t lose their keys. This solves that and creates a private cloud platform for all your data too. Won’t be surprised if they reach a billion users faster than any other platform. The go-to-market strategy is 🤯. View quoted note →

Enjoyed the listen, but huge missed opportunity to dive into the core controversy View quoted note →

⁉️ View quoted note →

BOJ is trapped. They can no longer raise interest rates. Free money forever 🚀

ZeroHedge

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

“It’s useless” - Joe should have responded, “show me another way to send a billion dollars in minutes over the internet with no censorship or seizure risk.” View quoted note →

The drop tonight looks to me like near term capitulation. Combine that with the craziness in currency markets right now, we could see a flight to safety after this selling burst ends. Max pain is starting to be up now. Remember… Bitcoin can’t go bankrupt but their banks can. The rocket fuel of liquidity will eventually come. Don’t leverage, just buy what you can, hang on tight and enjoy the ride. 🍿

An amusing thought experiment. Since 🇺🇸 has 210k bitcoin and another 1M in taxable ETFs, that would be ~$50 million per bitcoin. The Fed could slowly and secretly buy bitcoin up to that price and would accumulate more in the process, so the actual price target would be far less. The bitcoin price will probably hit that number eventually anyway without the Fed buying, but the Fed would end up with more bitcoin if it was the one doing the buying (other than say China or Russia).

Donald Trump Considers Paying $35T Debt with Bitcoin – Bitbo

Donald Trump suggests utilizing Bitcoin to tackle the United States' $35 trillion national debt.

Game theory in action: - Trump says the USA should prevent China from dominating BTC - Hong Kong official announces exploring holding BTC reserves - Russia announces BTC payments (presumably to acquire BTC by selling oil)

Trump picks JD Vance. Pro bitcoin 👍

X (formerly Twitter)

JD Vance (@JDVance) on X

Apparently the secret service is supposed to secure all nearby sniper perches. Did that sniper know that the rooftop closest to Trump would be not secured? 🤔 If I were Trump, I would use my own security from now on.