Bulk of fed's revenue comes from interest on securities in its portfolio. No securities, no revenue. No revenue, no $2.5 billion renovations. No revenue, no average $240k salaries. After it's got it's cut, fed remits surplus revenue back to the treasury. Nothing to see here.

Thinking about how cash and gold held at banks was desired by bank robbers. BTC private keys equally sought after. All have value. How about non-cash money at banks or at the fed. What actually are they? Database entries that are useful to no one except the same banks and central bank. What does this say about that "thing"?

Just acknowledging the great job @Danny Knowles is doing with What Bitcoin Did. Top notch Bitcoin macro content 👌

Conventional loan: borrower provides security which is only realised if the borrower fails to make repayments. Bitcoin-backed loan: borrower provides security (Bitcoin) which is realised if the Bitcoin drops in dollar number. I'll wait thanks. Better strategies: 1. Stay humble, stack sats, buy home with sats when you've got enough. 2. Stay humble, stack sats, get a job which bank is satisfied services your loan repayments so will lend secured over the home you purchase. Sell sats if you want to stop working and still be able to make payments or to pay off loan completely. Other than, "we offer products that meet market needs", please give me your thoughts as Bitcoin era @peoplesreserve @jack mallers etc #btc #btcloan

More interested to find out how many of the new buyers are holders. That's all that really matters. #btc #ngu

US international relations on every level: stop trying to dodge our punches...or we'll punch you.

Point well-taken from @Lyn Alden 's latest podcast with @Robert Breedlove : Bitcoin is akin to fiat in so much as its value is based on agreement among participants (rather than backed by something tangible) (which I regard as a feature not a bug), but Bitcoin does not rely on having to trust the issuer/custodian to do the right thing.

Regrettably, what is short-term and even medium-term "good for Bitcoin" is mostly bad for humanity and individuals. I try to remember this and humbly/gratefully stack and hodl sats without pride or self-satisfaction. #BTC is the opt-out of some bad sh*t.

Regrettably, what is short-term and even medium-term "good for Bitcoin" is mostly bad for humanity and individuals. I try to remember this and humbly/gratefully stack and hodl sats without pride or self-.satisfaction. #BTC is the opt-out of some bad sh*t.

Isn't it fun and rewarding to continuously pursue the perfect curation of content you consume on the Internet? I'm #grateful to all the content providers who offer their talent, intellect, data and insight to the world. And the developers who provide the platforms.

Thoughts?... For the past 10 years, I've donated x% of my income to charities. About $500 annually. In 2022, I stopped donating and bought #bitcoin instead, with the intent of building up a more significant sum to donate every 5 years. As of today, that's turned what would otherwise be a total of $2700 into almost bang on $5400 worth of #BTC. So now I'm thinking, rather than sell the BTC for dollars to donate, or donate the #BTC direct, instead I could borrow against it from eg @jack mallers' #strike who I think will lend 50% LTV and offers product with zero capital repayment until the end of the term, at which point I could roll over into a new loan. So the BTC balance, ever increasing from the usual $500 per annum purchases by me, never goes down but allows me to spin off 50% of the increased $ value balance every 5 years. With no tax implications for me. Sounds right? Any better variations on this theme?

For romantics. Thanks Brian

Only look at short-duration #BTC price charts for fun. And therefore enjoy the downs as much as the ups. For useful information, consider only long-duration charts.

With #BTC buy what you want in exchange for grains of soil, #hodl the rest and exchange your time and energy for new grains of soil.

Me and a bunch of strangers got together and agreed we'd take the pet rock known as Bitcoin in exchange for the value we deliver. In the meantime the government printed tons of local currency which dropped the currency's value. My BTC balance is unchanged but the govnt demands a fee in local currency if I spend my BTC. So I have to pay for them devaluing the local currency. What's fair about that? I didn't even want them to print tons of local currency.

Biggest obstacle to me spending BTC? If I did so, the government would charge a fee in their local currency. Even if I just bought a coffee. What's that all about?

Think Bitcoin's volatile? I bought 0.01 BTC a few years ago and it never changes. Check it daily. Sometimes many times a day. Never moves. Still exactly 0.01 BTC. What's all the fuss about?

@nat brunell great interview with Saifedean. That topic of bitcoin's finite supply increasing in value to as value stored in the economy increases needs to be deep dived by more people.

Call me old fashioned but I prefer my constitutions to enshrine equality rather than racial discrimination #thevoice #australia