Just got debanked by Chase.

Bitcoin needs a bullish catalyst. I thought the PMI Manufacturing would help but I guess things are worse in Japan than I fully appreciated. When are they going to turn on the money printer? When do gold bugs take 20% of their profits and rotate into bitcoin? When does the SBR expand with some tariff $$? Like wtf is it going to take. Bitcoin is primed for a rip but you’ve got CZ and Binance absolutely sticking it to the hodlers. What gives?

At least all the influencers went the Michael Saylor $100k party. How we feeling about that egofest these days, guys?

I wonder how all the bitcoin / crypto adjacent bros who lobbied the bitcoin community to support Trump feel about his first year nothing burger. A good reminder that politicians will never be our friend.

Genuinely curious what the heck is happening…all pain aside.

When will liquidating shorts be the profitable thing to do for Binance and Coinbase? Really looking forward to that stage of bitcoin.

Here’s the cool thing about bitcoin. We can audit it. So if you’re a country accountable to your citizens or a company accountable to your shareholders and you hold bitcoin: post the addresses. Otherwise, the market’s going assumption should be that you’re full of shit and you hold nothing.

@Jeff Booth I think it is easy for those bitcoiners who have already gotten incredibly wealthy to dismiss the importance of NGU. But for the next wave of adoption, the bitcoiners who have committed to the thesis - who believe in the importance of decentralized money and that bitcoin is that money - have to enjoy the risk-adjusted returns over time. I started adopting bitcoin in 2020. Became a bitcoin maxi in 2021. Planned on building out a business, running it on a bitcoin standard, and contributing to the long-term success of bitcoin. Yet the overall purchasing power return profile of bitcoin for the last 4-5 years has dramatically underperformed. The earlier adopters dismissing this, dismissing those who adopted during this window, is a drastic mistake. Bitcoiners need to have empathy for other bitcoiners. And it feels like all the bitcoiners who have already “made it” are totally distanced from and annoyed by the bitcoiners who have not had that bump in value transfer over time. We’ve gone from encouraging bitcoin adoption from the general population to trying to improve the functionality of bitcoiners who already have had their purchasing power elevate to incredible levels. NGU is a necessity. Many bitcoiners seem to have forgotten that necessity.

Traditional markets will succumb to bitcoin. We shouldn’t apologize for that nor should we pretend traditional markets will be / should be happy with the transition.

@HODL @ODELL no bitcoiner in any prior bitcoin class has held this long without experiencing euphoria. We experienced the 80% drawdown. Class of 2021 hodlers are the real ones…here not for the gains but for the freedom.

Flew too close to the sun this cycle. Got a little greedy, forgot to be humble (or chose not to be), and now I am stressed for bitcoin to bail me out. Lessons learned, regardless how it turns out. But I’d really like for it to turn out a certain way.