What did the bitcoin audit reveal? Or is it another public swing and miss by David Bailey? @ODELL @Marty Bent

What did the Treasury audit of the bitcoin reveal? Was declared that today was the deadline to report holdings.

Fuck to the yeah. View quoted note →

#Supercycle View quoted note →

Remember when Sequoia had *no governance documents* to prevent SBF from executing fraud at FTX? Fraud only revealed by binance ruthlessly blowing up FTX very publicly? After *everyone* (like even Larry David) endorsed FTX and SBF? Remember that? Remember how ridiculous the simping was? Remember? And remember how they were at least 80,000 bitcoin short? At the time 3-4 months global bitcoin issuance / production. Now think about where we sit with MSTR and the ETFs and Coinbase. Coinbase claims 2M bitcoin custodied. You think they’re all accounted for?

Blub, Bluuuuub, BLUUUUUUUUUUUB! View quoted note →

When does hashrate drop? Lots of miners running at a loss?