Eric Weinstein was asked, years ago, that if he could magically make everyone understand one single idea what would it be, and he answered he wished people could understand the concept of “kayfabe”. Kayfabe was almost unknown then outside of wrestling circles, which he fully acknowledged, and in Eric fashion he described how it was a concept worthy of worldwide regard. I’m noting this because, happily, what seemed then to be such a fringely specific prescription for societal healing is now being more fully recognized - at least to the extent it’s easy to talk about in intelligent conversation. So super-fucking kudos to Eric Weinstein for genuinely identifying and predicting an important meme. That the people in power only pretend to fight. To fleece the peanut gallery.

Does anyone have real-world experience dealing with corporate American health-care on a cash basis? I often hear that you can offer cash and get greatly discounted rates/fees, but that seems really sus. Is it worth me calling my local hospital billing dept about that? I’m aware of CrowdHealth, but it’s not considered insurance so it’s my belief I’ll still be required to have additional “real” health insurance…? My goal is to not have to rely on a job (or AMA) to provide my insurance, but since I’ve never actually had to deal with health insurance I don’t have experience in the IRL of saying “how much will this be if I pay cash?” I appreciate any guidance in this regard.

How close were we to Satoshi Nakamoto settling on the name Bytecoin?

The sole purpose of Fiat Money is to make goddamn sure You cannot swing for the fences and quit your job. You need to take this hard lesson in. You are Fiat’s Bitch, Bitcoin or no.

It is. I have come to believe that maybe that IS the purpose of God putting tiny fractions of His consciousness into Us in this material world that seems to just grind and separate us into “tried as hard as She/He could” - or - “couldn’t do it anymore and gave up”. It helps to seek out for other people to help keep you keeping on in the grind. If you can read the right people. And eventually you may have to abandon those who only take you so far. I’ve come to believe none of us were put here to “Succeed”, which I did, for so long. Now I believe I was put here to learn how to find Humility, Community, and Peace as well as I can. Which is an epic journey, and even typing that out now feels dishonest somehow, but that’s the best way I can express my response to your post…which I felt was so simple and worthy of a response. Anyway…Here’s a kitten pic: View quoted note →

It’s the Invisible Boogeyman playbook. They use concepts you can know nothing about, against you. Let that sink in: If YOU can know nothing about the boogeymen you need to be afraid of - which they feed you - then its likely those boogeymen don’t exist. Anything invisible to Everyone but magically affecting Everyone is a Media Asset. That’s Mindwarping, Mindscaping, whatever the term is now. It probably started with the “Red Scare”, but it’s been on replay all our lives: Russia/Red Scare, Y2K, Terrorists, Covid, Antifa, all the minor leagues of Devil worship, “ICE” the drug, Killer Bees, Murder Hornets… It’s scare-porn. And if you’re following financial news it’s scare-porn on steroids, because scare-porn is MOST effective in financial markets. So it’s tested there first. Financial “Professionals” are always the quickest to be duped by Media Propaganda. They’re not stupid, by any means, but they’re the most influenceable, so the ring pulls tightest in their nostrils. And they are castrates in how they react. Fade the noise, follow Signal. That has always been the mantra of the class above you.

I have an aging cat right now that just suddenly cuddled up to be close to me, and now whatever I came online to post about all the problems of the world seems kinda meh. Appreciate you.

Looking back we will always realize we had to see Gold re-gain the crown. Then Bitcoin the true heir-apparent.

Unpopular Nostr Opinion: I’m old enough to remember that when rich folk start losing money the Fed always, ALWAYS steps in to make them rich again - overnight. After they bagged their game…which they telegraphed beforehand. I suspect only a handful of people I know are spotting the telegraph, so I’m not confident about anything rn. But currencies, bonds, and sound money are all spinning so very fucking askew that whatever the target is it’s serious and the globe is going to pay for it when they execute it. When the blood they seek is in their hands…the refunding will be Spectacular. Game-changing. But Do not try to second-guess this, Bitcoiner. Because this is not simply a falling knife. We know nothing about the game being played. Now - IMHO - is the time to go underground, like the proverbial shrew before the asteroid. Now is the time when stay Humble matters most. Now - again, my stupid-ass Internet rando opinion - is when you need to prepare for Fourth Turning, full Prepper, hodl your family close, learn and love to make beans and bread and rice, abandon the cities and find a rural lifeboat, et al. Because the global, primal signals that have been ignored, then laughed at, then fought, are crazy clear about to win. And we may be wrong again, no doubt. But you won’t miss out, so don’t try to catch the bottom of a falling knife. I, personally, am going underground. Keeping mine what is mine. This is bigger than a COVID event. PEOPLE are an expendable resource to those who exist for Fiat money. No, this is a Fiat money epidemic.

I just saw a Reuters title and the powers that be are attempting to re-name “Bitcoin Treasury Cos” as “Crypto Hoarding Cos”. Makes me wonder about recent speculation that Wall St has indeed been orchestrating this decline specifically to bankrupt Michael Saylor et all and buy their stack at fire-sale discount…

No clue, but is this why LN Markets has seemed far more active recently? Also…all trading is futures, just saying. If we could trade the past we’d all own Gold right now. View quoted note →

I’ve been avoiding TwitX lately. Is Luke Gromen doing victory laps yet?

Bitcoin cycles are a thing of the past, they broke, no argument. And do you think mining halving-protocol matters still? Do you? And do you think your fav OG’s still hold more Bitcoin than you do? Do you? I’m asking a question? Do you think Max Keiser still holds more than, say, 10 Bitcoin still? Or any at all? And if so…why? What would be the reason, really? Do you think Adam Back, Andreas Antonopoulos, yadda yadda et al…any of the original Bitcoiners are still holding more Bitcoin than you? Instead of having upgraded their life in fiat, and dispersed to heirs? Keep in mind that for them, taxes aren’t a thing…so what incentive to hodl instead of trade for real estate, prominence, access via largesse, et al et al et al in El Salvador, Hong Kong, et al et al et al? That’s what I would have done. If I’d been a 1000+ Bitcoiner from pre-KYC days. And incentives will out. So: Cycles are broken. Because Cycles were “Retail”, and Retail is and was Bitcoin’s history, but is now done. Fuck the famous people of Bitcoin anymore, because they have substantially sodl’d and have nothing more to offer. Not to me, imo. Bitcoin is no longer a person thing, so personally, I don’t care about the “people” of Bitcoin. I encourage you to stop listening to them as well. It’s an institutional thing now. Individuals have and are being fleeced by Retail. And that “fleecing” is a long game, because institutions aren’t “people”, and are very, very good at causing long-term suffering, titillation, suffering, titillation, et all until Retail gives it’s fleece up to them. They can do this ad infinitum because they aren’t people, they live their greatest lives on a fiat paycheck, not caring how the markets perform, so long as they don’t personally lose their job. So the situation for Bitcoin right now sucks. And it sucks hard. And it won’t end soon. None of us will get rich and quit our jobs in the next few years. The era for that is over, so get that potential out of your mind. Bitcoin is unique. So very unique that less than 1% of people on this planet understand how important it will be for our lives, and for Human history. It uniquely matters, for so many reasons I won’t go into for the inexperienced, in this post. The only goal now is to make Bitcoin the chief investment for your family, and MOST ESPECIALLY to take it into Self-Custody. Do this, consistently and persistently, and do it with no expectation that you will achieve anything more than a comfortable retirement. We can’t beat Wall Street. We simply don’t have the “fiat” to 10x Bitcoin in a few years like individuals did in the past. We aren’t players now. We are the hodler sheep they need to fleece. So forget getting rich, unless getting rich is a 3x by 2030. And if you think you can shitcoin riches, go fuck yourself and your family, Wall St traders will fleece shitcoins even faster than Bitcoin. We NEED to accept that the bitcoin millionaires were made, and they are not us. Maybe our children will be, and we absolutely should invest for that future since there is no other asset worth investing for our children. But we need to be clear that WE will not be quitting our jobs in the next few years. Even though we’re investing in the best asset that exists. Bitcoiners are legion, and we are humble. That is a powerful, powerful quality of Tribe. It should be embraced and we should expect that it may be the very thing that most changes the World in the next decade or so. The world needs this quality, is yearning for this quality of tribe, and nothing but Bitcoin is offering it. The riches of being a Bitcoiner may truly be the friends we make along the way… Yet the global money-printers want Bitcoin itself, and they never fomo, because they don’t care about fiat-price / market forces. They’ll buy and suppress the price of the most important and constant asset on the planet for as long as they must. For 100’s of years if need be. To take our Bitcoins away from us. Because their petty human lives won’t change one way or the other so long as they’re already rich in fiat. So long as the Fiat tide stays level, they can hodl their breath for a looooong time.

I’m just proposing this: It’s time Men stopped building Bitcoin And Women started “nestiing” Bitcoin. It won’t happen. And that’s our problem. And it’s a huge problem, because Bitcoin isn’t “technology”. It’s a whole different Culture. Which is why we Men are lacking Leadership right now. We need practical, family-oriented voices. Not Wall St, Numbers Go Up bullshit. We need Nesting energy. And we don’t have it. Simple, practical energy.

The reality of Bitcoin is this - and it’s lost on everyone who hasn’t understood Bitcoin yet: Don’t change. Hodlers have always known Time was on their side. So forget the Developers. They’re playing a different game. Always have, in all your softwares.

Via Perplexity AI, a reminder about USDC when it was discovered that it was insolvent. Correct me if I’m wrong, but I remember this as completely wrong. Private crypto/clearance companies were mobilized in the middle of the night. When a stable-trust breaks peg, it’s because they never pegged in the first place __________________________________ “USDC’s main “bailout” when it broke below its peg was effectively provided by the U.S. government, via the decision to protect all uninsured deposits at Silicon Valley Bank (SVB) and Signature Bank, not by a consortium of private crypto firms. [protos](

Protos

How the US gov’t bailed out USDC stablecoin

The FDIC has taken over two banks at which Circle held billions of dollars worth of backing for DeFi’s most popular denominator.

What happened - In March 2023 (not 2021), USDC fell as low as about 0.81–0.87 dollars after Circle disclosed that 3.3 billion dollars of the cash backing USDC was stuck at the failed SVB, roughly 8% of USDC’s reserves at the time. [bloomberg](https://www.bloomberg.com/news/articles/2023-03-11/usd-coin-stablecoin-falls-further-from-peg-on-svb-exposure-risk) - Over the same weekend, regulators (U.S. Treasury, Federal Reserve, FDIC) invoked a “systemic risk” exception and guaranteed that all SVB and Signature depositors, including Circle, would be made whole, even above the normal FDIC insurance cap. [ineteconomics](https://www.ineteconomics.org/perspectives/blog/time-bomb-how-uninsured-stablecoins-and-crypto-derivatives-threaten-financial-and-economic-stability) - Once markets understood Circle’s reserves would be fully recoverable, traders bid USDC back up to around 1 dollar and the peg was restored. [moodys](https://www.moodys.com/web/en/us/insights/data-stories/stablecoins-instability.html) So who “bailed out” USDC? - The decisive support came from: - **U.S. federal authorities** (Treasury, Federal Reserve, FDIC), by guaranteeing uninsured deposits at SVB and Signature. [protos](

Protos

How the US gov’t bailed out USDC stablecoin

The FDIC has taken over two banks at which Circle held billions of dollars worth of backing for DeFi’s most popular denominator.

- Circle itself stated that, if needed, it would use corporate resources to cover any shortfall, but this backstop ultimately wasn’t tested because regulators made all deposits whole. [reddit](https://www.reddit.com/r/Buttcoin/comments/14hddk6/usdc_stablecoin_issuer_circle_had_33_billion_at/) There is no evidence of a named group of private crypto firms stepping in with capital specifically to rescue USDC’s peg in that episode; the critical relief was the U.S. government’s decision to backstop the failed banks’ depositors, which indirectly stabilized USDC.” _____________________________

Hollywood is retarded. They honor and respect every culture on the globe, except 100+million white people in middle America, which they regularly portray with every racist stereotype a foreigner to America might imagine.

Ok, I just wasted more than 10mins on Alby’s new sign-in gymnastics and I’m ready to rage-quit. Has a better zaps wallet for Damus been created yet?

My computer keyboard has literally dozens of shortcuts that no one knows anything about, but that my cat can access at will. Either these shortcuts are irrelevant & pointless or computers have been marketed to the wrong species.

It’s increasingly likely that Fiat money will need to fail significantly before Bitcoin will be accepted in the next tranche of adoption. tl;dr It’s increasingly likely that Fiat money will need to fail significantly before Bitcoin will be accepted in the next tranche of adoption. kthxsry…