Earn your coffee

Bee roundup

A long-ish “why Bitcoin” piece for my latest substack. Examines many of the areas we now live in a ‘subprime economy’.

Subprime All The Way Down

The kindling of credit at every level of our economy are waiting for a spark.

Sunday morning coming down.

No way to ask this without a humblebrag, but I will anyway. I have 3 friends from separate friend circles who all consider me their “smart friend”. All 3 have told me they are ‘invested’ in XRP. I’ve told all 3 that it is a terrible idea. None have listened. Anyone else encounter this? Is there hope for humanity?

Get used to it.

We are living in some sort of Bizarro world. My family is simultaneously: 1. On my ass about spending bitcoin at Steak and Shake. (Not believing my spend and replace story.) 2. Bored about $110k BTC. How can these both be true?

This is the kind of crazy shit that works in Fiat. When you observe it through the lens of Bitcoin - the fraud is transparent.

“When you know the way broadly, you see it in all things.” This poster is about Bitcoin, yes?

My latest substack on deciphering the zeitgeist is up. If you think things are unacceptable, it might be worth the read. Would love NOSTR’s feedback.

The Unacceptable Revolution

Consent of the Governed Manifests in Many Ways

First ever trip to steak ‘n shake. Super easy process. Lightning transaction was slick, fries are great!

I love NGU, but this pattern sure looks wierd.

Not NGU, CGD. Thought experiment in Cost Go Down technology… If you could buy a small marble that made all of your prices go down 0.1% every year: 1. How many of these marbles would you buy? 10? 100? 1,000? 2. You could easily store these marbles securely in your home. Would you do that, or have someone else store them for you? 3. What if losing these marbles made all your prices go back to where they were before you bought the marbles + an additional 5% a year, and you would never be able to replace the same quantity of marbles? Who would you trust with these marbles? 4. Would you be enticed to let someone else hold your marbles because they promised you interest on your marbles? Bitcoin is cost go down technology. Stay humble and stack sats. If you screw this up, the pain may be so great that people will think you’ve lost your marbles…. This comment inspired by recent podcast of @Robert Breedlove & @paul keating . And of course OG @Jeff Booth .