There is team Red
and also team Blue.
They exist for themselves
and not for you.
————
Don’t kid yourself… or waste your time and efforts trying to fix them.
Defund their violent and nefarious shenanigans.
————
They grow and prosper by stealing your hard-earned purchasing power via incessant currency debasement.
————
Take it back.
#Bitcoin
less
DrJeff@primal.net
npub1k7vk...c04l
Through Jesus Christ:
Do justice.
Love mercy.
Walk humbly with your God.
- Micah 6:8
Hands down, peaches are the world’s best fruit.
I will die on this hill.
Knowledge is increasingly overrated and commoditized... especially in the #AI Age.
Pro tip:
Get better at telling stories. Humans always have--and always will--enjoy a good story.
"Learn [about Bitcoin] like your freedom depends on it. Because it does."
- @Halston
Healthy til 120-years old.
(Like Moses)
Who’s with me?
💪
Happy Sunday, family.
Touch some grass. 🧡
Thoughts on Bitcoin Treasury Companies (BTCs)
POSITIVES:
1. BTCs are inevitable at this point in monetary history. Many of us saw them coming many years ago.
2. BTCs put the theory of "Speculative Arbitrage" or "Speculative Attack" into practice. That is, they sell/short depreciating US dollars and go long/buy appreciating bitcoin. -- This is a *nearly* surefire way to increase purchasing power over time.. and will hasten the transfer of purchasing power from traditional fiat assets into the Bitcoin network.
3. Done well--by employing shrewd levels of leverage and well-constructed financial instruments at opportune times--BTCs may outperform bitcoin over a multi-year period.
4. Many current and future strategies of "mining fiat" by BTCs will perform well during a bull market, and should serve to increase "bitcoin yield" over time... benefitting bitcoin-focused shareholders.
NEGATIVES:
1. The more BTCs that exist, the more downward pressure will build upon their respective mNAVs.
2. Many current and future strategies of "mining fiat" by BTCs will perform poorly during a bear market, likely resulting in extreme declines in share price and--more significantly--loss of balance sheet bitcoin via margin calls and/or outright sales to maintain solvency.
3. The management of many current and future BTCs will inevitably deploy "too much" leverage "too late" into a bull market and will put their operating company and bitcoin and shareholders at risk.
4. Poor management decisions and fees will lead to chronic underperformance of many BTCs.
5. Trusting BTC managers (and their custodians) to safely custody their (and their shareholders) bitcoin is its own risk over individual custody in cold storage. Though more convenient, there will be more points of failure.
6. Most importantly, Bitcoin isn't just some speculative fiat asset... IT IS, LITERALLY, A COMPLETELY NEW AND BETTER FORM OF MONEY, WITH IT'S OWN FINANCIAL ECOSYSTEM AND GLOBAL ECONOMY. Intertwining, fiat assets and Wall Street products with the Bitcoin monetary and financial network continues to empower and encourage the traditional fiat system, with its perverse incentives and power structures.
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OPINION:
I don't begrudge those OG Bitcoiners who are participating in BTCs... which seem to be the darlings of the current Bitcoin bull market. In fact, as a traditional hedge fund manager-turned-Bitcoiner, I have one foot in the fiat world and one foot in Bitcoin... so I am the Chief of Hypocrites.
But I think that we--and future generations--would be best served by simply removing ourselves from the current fiat economy and focusing our TIME and ENERGY into building better products and services on the (completely separate and sustainable) Bitcoin network.
This will hasten the separation of Money and State and will allow us to more quickly engineer a better tomorrow.
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Just my two sats. Hope it helps.
Onward and upward.
Happy Paper Bitcoin Summer.


If you think Paper Bitcoin Summer is obnoxious, just wait until you see the Paper Litecoin Summer party.
lol
https://seekingalpha.com/news/4468856-mei-pharma-soars-after-100m-litecoin-treasury-move-first-public-ltc-holder-on-us-exchange
My Three Burners Theory of #bitcoin bull market price action.
Burner #1: Liquidity
Current setting: Medium
Burner #2: Economy
Current setting: Low (but starting to rise? ... watch ISM data)
Burner #3: Leverage
Current setting: Low
OPINION:
We won't see an exponential move (ie, a "blow-off top") until all three burners are on High.


If you showed 100 Americans a picture of a steak vs a picture of a seed oil-laden protein bar, I’m guessing that at least 80% would choose the protein bar as the healthy option.
Similarly, fried eggs vs a granola bar.
Pseudo-nutrition marketing is extremely powerful and misleading.
We’ve been seriously duped… much to our own detriment.
Discuss.