chefindex
Derek Orrell

Exec. Chef of Beck and Call, Oh Boy BK, and Oh boy LA(coming soon)

Public Key

npub18ts7s549jm9t0pv4jusggsud0cpvfk72dw8ynxkchd4evvwwv9dqlu4usd

NIP-57 Address

mustardfly5@primal.net

Profile Code

nprofile1qqsr4c0g22jedj4hsk2ewgyygwxhuqkym09xhrjfntvtk6ukx88xzkspp4mhxue69uhkummn9ekx7mqprpmhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmdcq7adc

Publishing to

nos.lol

relay.noswhere.com

relay.damus.io

Author Public Key

npub18ts7s549jm9t0pv4jusggsud0cpvfk72dw8ynxkchd4evvwwv9dqlu4usd

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Last Notes

2024-09-05 05:22:25

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NY strip pounded out a little.

2024-09-04 19:44:15

Everyone out there eating steak and eggs! Try this out one time to switch it up. Kimchi and salsa in the cast iron right when you’re done and top it off! Wildly delicious!
https://m.primal.net/KeRu.jpg

2024-09-03 21:39:00

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Perfection! GC!

2024-08-30 03:12:25

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Thank you.

2024-08-30 03:12:12

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I’ve got the next three. Mandibles, setting the table and the the wager. Good month.

2024-08-30 02:31:49

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That I did not run a 1000 miles a year with my dog. Haha.

2024-08-30 01:42:30

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I like historical non fiction. A lot of economic history in there. I just finished The bomber mafia and The next 100 years.

2024-08-30 01:41:19

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Preferably non fiction!

2024-08-30 01:35:59

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The wager by David Grann

2024-08-29 23:55:45

Anybody got a good book to read? I’m stuck right now!

2024-08-23 01:07:08

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I almost want them to win. It accelerates the demise of the irrational mind.

2024-08-18 20:50:51

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I am in the exact same boat but I won’t let either side not hear how they are inefficient!

2024-08-14 17:57:22

Just finished “The Price of Tomorrow” for the second time. Thank you @npub1s05…eyhe, it was a book that started me down the rabbit whole a few years ago. It really is a spectacular depiction of our current state of affairs.

2024-08-03 03:03:41

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Thank you for this. Laughed every 5 seconds.

2024-08-03 03:02:58

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What’s conventional money? The fiat of the last 50 years that had devalued beyond impression. He is the guy who fist pumps and high fives himself in the mirror believes his own bullshit.

2024-08-03 02:57:03

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Well said my man. Well said.

2024-08-03 02:52:05

The level to which things are broken is unbelievable and truly unknown! #bitcoin is the certainty to which everything else seems to be uncertain.

2024-07-20 19:19:14

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https://m.primal.net/JXzM.jpg

2024-07-20 13:59:30

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I got one more long day. Tomorrow is my break!!

2024-07-20 13:59:03

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It’s insane. The fact the country doesn’t have more or different choices at such an important time gives me the feeling that it’s all inevitable! As one smart lady would say, “Nothing stops this train!”

2024-07-20 13:50:24

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Something to be said about proof of work!

2024-06-17 05:51:58

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I used to always scoff at this. Now that my son is turning 5 I really don’t understand how it’s already been 5 years.

2024-06-17 05:51:06

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Happy Father’s Day. It’s a gift that keeps on giving.

2024-06-17 05:47:27

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This is priceless! #few

2024-05-18 02:53:59

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That’s deep!

2024-05-17 16:38:02

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Micro ish shrooms seems like an enlightened long hike.

2024-05-17 04:29:02

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Woooo how low can it go!!!

2024-05-17 04:20:51

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And then they fight you stage has begun.

2024-05-17 04:08:52

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Falling gracefully!

2024-05-17 04:06:03

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Wait have you had cream cheese frosting on a cake?

2024-05-17 03:58:46

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Where*

2024-05-17 03:57:46

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Anyone know any good books who the church fought the printing press?

2024-04-18 01:56:08

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Exactly. Really disturbing considering her role in media that is supposed to be un biased.

2024-04-18 01:53:52

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What the hell is that robot talking about. Goodness what an absolute joke. They have one job.

2024-04-18 00:58:12

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Feel like I’m stuck in the same genre. Haaaaaaaa Trying to figure out when it all went wrong.

2024-04-18 00:52:11

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I’ve been on a financial historical kick.
- Broken Money by Lyn Alden when it came out.
- Devil take the Hindmost: A history of financial speculation by Edward Chancellor
-The House of Morgan by Ron Chernow.
- I just finished Lords of Finance by Liaquat Ahamed
About to start Ray Dailo’s Big Debt Crisis.

2024-04-17 07:46:05

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Woo love a self read audiobook.

2024-04-17 07:41:22

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Gambler?

2024-04-17 06:33:05

Anyone reading anything good right now?

2024-04-02 18:10:03

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henry david thoreau would be satisfied.

2024-03-13 18:37:47

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It had to be said.

2024-03-13 18:36:57

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Gradual decay is still dangerous. I think the bitcoin saying “gradually then suddenly” applies here.

2024-03-13 18:10:25

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Ehhh drop the moron part and put confused or misguided. I’m in! The echo chamber is sophisticated.

2024-03-13 18:07:36

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Got me. Today is the day I realized the magnitude of this!

2024-03-13 17:58:08

This is the scariest chart I’ve ever made. This is what it looks like when a country is heading toward a financial precipice.
Each color shows $1T getting added to the national debt.
Not that long ago, it took six years to add a bar.
We’re now adding one every 90-120 days.
The explosion of debt has been the only bipartisan phenomenon of my lifetime. For us conservatives, we can’t blame it on just Biden and Obama. For you Democrats, you can’t put this on just Trump. It’s both parties, all presidents, and every Congress.
The acceleration started under George W. Bush. Bush went into 2002 with less than $6T of debt. Thanks to GWOT military spending and tax cuts we probably couldn’t afford, $6T grew to $7T in 23 months, $8T in another 21 months, and $9T in 23 months.
Then the Great Recession hit. We added the next trillion in 13 months, crossing $10T for the first time in American history. And we haven’t looked back since.
During the second Obama term, with spending reined in by the Tea Party movement, annual deficits reduced to less than $1T, and growth in the debt slowed down. At the end of Obama’s tenure, it took nearly 20 months to go from $19T to $20T.
That would be the last time it took a full year to add a trillion dollars to the debt.
In 2017, a real-estate developer got inaugurated as president. And, if there’s one thing we all know—and love!—about real-estate investors, it’s that they understand the value of leverage.
Under Trump, even as the economy surged, deficits grew, and national debt once again spiraled. We ended 2019 with a little over $24T in debt.
Then Covid hit, along with consumer stimulus, PPP loans, massive government spending, and reduced tax receipts. Over just two months in 2020—April and May—we added $2T to the national debt. Ever since, we’ve been adding $1T every 160 or so days.
With Biden in the White House and a narrowly divided Congress, we’re now adding $1T to the debt every three to four months. It took just 91 days to go from $32T to $33T. 104 days to get to $34T.
And it’s not slowing down. Biden has another 300+ days in office this term. When he or Trump enters their second respective term in office in 2025, the debt will likely be above $37T.
Where does it end? As deficits continue to pile up and borrowing costs remain relatively high compared to where they were over the previous 20 years, how is any of this sustainable? By Robert Sterling on X
Nothing is going to stop this train!

2024-03-13 17:55:04

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https://m.primal.net/HkUn.png

2024-03-13 17:54:39

The line has been drawn in the sand. Time to protect our side of it. Thank you Nostr!
#note1dl2…nz37

2024-03-13 17:52:58

Freedom of speech! Cherish it or we will lose it.
https://m.primal.net/HkUn.png

2024-03-13 00:02:23

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Wait, aren’t we all Satoshi. I’m in!

2024-03-09 18:17:23

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Nice!!

2024-03-09 02:04:30

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Woah!

2024-03-08 15:18:21

Just putting this out there. I think I’ll start to measure things a little different now. USD is clearing breaking and Bitcoin will obviously go up against it over a long time horizon. The traditional store of value against the transformative store of value.
https://m.primal.net/HisO.png

2024-03-08 10:58:16

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@npub1s5y…6q7z at the end of every episode lately, “man I could talk to you for hours!”

2024-03-08 02:57:18

Financial history teaches us that the desire for oblivion is the necessary precondition for mayhem.

2024-03-08 02:45:56

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Tell that to John.

2024-03-07 17:23:19

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Zeee bankers!!!

2024-03-07 04:08:49

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I’ve been listening to him for 6-7 years. Before he had the BTC pod. I mean his first two episodes about BTC is what started my journey.

2024-03-07 04:05:40

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I’m in.

2024-03-06 17:12:36

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Fair enough.

2024-03-06 17:12:13

Woo starting this right now!!!
https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489?i=1000648144844

2024-03-06 14:25:15

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TRUTH!!

2024-03-06 14:18:42

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To be honest I’m not really looking for more engagement. Happy where I am.

2024-03-06 14:18:14

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Pretty good. But I gotta say I learned a lot from them about their game, problem is that’s all it is. A game to them. They keep score while we just want to eat.

2024-03-06 14:15:54

I believe today’s green candle will go nicely with a fresh glass of iced bear tear tea! Might be more satisfying than the pump steak I had for breakfast yesterday. #bitcoin

2024-03-06 14:12:29

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Ahhhh Dr. Bull Crab.

2024-03-06 14:11:13

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Impossible.

2024-03-06 13:51:38

It’s still the first inning!
#note1qkc…ezg5

2024-03-06 13:47:32

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More up your alley?

2024-03-06 13:47:24

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https://m.primal.net/HiJV.jpg

2024-03-06 13:46:48

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Yeah we use different staffing agencies and we also staff our own parties all the time. The picture is of a 3lb tomahawk ribeye.

2024-03-06 04:24:35

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https://m.primal.net/HiFl.jpg

2024-03-06 04:14:40

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Careful you don’t pop the bag. I’ve had that happen with a tomahawk before.

2024-03-06 04:00:49

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Busted!!! Too long. Haha. Over oak on an Argentinian grill!

2024-03-06 03:59:28

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How about these beauties from a private party?

2024-03-06 03:59:03

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https://m.primal.net/HiFj.jpg

2024-03-05 20:44:32

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https://m.primal.net/HiAi.jpg

2024-03-05 20:20:03

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Can’t find longs yet.

2024-03-05 20:16:59

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$105 million worth of #Bitcoin shorts liquidated in the past 24 hours.

2024-03-05 17:19:56

https://m.primal.net/HhxJ.jpg

2024-03-05 17:14:12

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Nothing spared!

2024-03-05 17:13:33

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Socials are out. Mets as a whole was down and a lot of google products. Nostr goes on!

2024-03-05 16:14:06

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No, #bitcoin drawdowns are not going to get significantly smaller from this cycle onwards because the majority of capital is now institutional and institutions are "intent on just buying and holding".
How much more evidence do you need that institutions are even more degen than your average BitMEX 100x pyjama trader? They will buy and sell any trash in the tradfi markets to make a quick buck.
They have no conviction in bitcoin. They are not holders of last resort. They are staffed by midwits who are prone to panic in mobs.
And perhaps most importantly, they are the most likely, in their hubris, to fall for narratives that they themselves have brought about the end of cycle drawdowns, conversely making them *more likely* to overextend.
The only reason you hold bitcoin through a bear market is because you have conviction in what bitcoin is and what it does. The people working for institutions don’t have this. Less than 1% of them get it. And even those that do have not been around bitcoin long enough to resist the temptation to play the market—"Ima gonna buy back lower!"
Those thinking that monumental market crashes are behind us imagine everything stays the same as it is now except the price goes up. But that's not how it works. Think of all the events that could emerge—self-custody bans, bans on institutional holdings due to climate change, a stablecoin accused of printing billions, a major exchange hacked or blows up, or another fork war. Even if these things don't ultimately impact bitcoin's value prop, imagine the narratives that would emerge. Compliant normies at institutions are going to see any one of these things and lose their marbles.
I can see the attraction of imagining that it's mostly up only now the suits are here, but that's not how it's going to work.

2024-03-05 16:12:53

Breaking: everything!!
https://m.primal.net/HhwH.jpg

2024-03-05 15:52:03

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In regards to traditional finance.

2024-03-05 15:51:51

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It was a long post on twitter I read.

2024-03-05 15:51:11

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Insanity! True insanity.

2024-03-05 14:57:34

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I read “Broken money” last month. The way @npub1a2c…w83a weaved together such a rich factually dense material was nothing short of a masterpiece. Her ability to take the years of pieces she has done from her newsletter to long form podcast to post was beautiful. Nothing but gratitude for her contributions in this space.

2024-03-05 14:53:21

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Absolutely loved all three. Three pillars of knowledge you have found!!! The trifecta of the coin!!

2024-03-05 14:52:07

Good reminder! They have been playing this game for centuries. It’s a game to them. That’s all. They only care about NGU. Anyway any how? They will play both sides. The up and the down. In regards to traditional finance.

2024-03-05 13:06:15

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That’s a big maybe.

2024-03-05 05:46:54

Pump boys, fake accounts, and scams X is a lot of noise. Stay humble and stack sats. Nostr seems to be where the conviction went. #bitcoin

2024-03-05 04:04:09

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They really do!

2024-03-05 01:58:08

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So close!!!

2024-03-04 19:22:50