MarkHarvey
Mark Harvey

Bitcoin

Public Key

npub1amfa5fg9l6p6jg6jqw7uxlhk9c38gawkphzndvxm4ftsplw0m7uqarm0pq

NIP-57 Address

hostilesteven34@walletofsatoshi.com

Profile Code

nprofile1qqswa576y5zlaqafydfq80wr0mmzugn5whtqm3fkkrd654cqlh8alwqpp4mhxue69uhkummn9ekx7mqprpmhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmdctv3zx

Publishing to

nos.lol

relay.noswhere.com

Author Public Key

npub1amfa5fg9l6p6jg6jqw7uxlhk9c38gawkphzndvxm4ftsplw0m7uqarm0pq

Show more details

Last Notes

2023-12-05 13:27:40

- reply

Thanks I’ll check it out!

2023-11-09 21:43:39

I get sent “spam” Satoshis almost every day to my #Bitcoin Lightning wallet.
Each one comes with a little note.
Makes me wonder if this is the future of advertising; actually paying the customer for their attention.
Advertising costs that would normally be paid to Google (or other middleman) for customer acquisition goes directly to the customer you are trying to target in this case. https://image.nostr.build/e9d34cbbaa6b560be2738146db946280be6cd6508eb286b46653a3d817fcf38e.png

2023-11-09 16:28:53

MicroStrategy took out $2.2 billion in low interest debt to buy #Bitcoin .
With the recent rise of #Bitcoin 's price, that decision is looking pretty smart.
$MSTR's BTC position is now nearly 3X the size of the debt they took to buy it. https://image.nostr.build/150624f8f91f8ab59f62bc0415c67dfec5f5f31fbac0384f27e607980a17be4a.jpg

2023-09-19 11:13:52

Has anyone told the Hispanics that they are LatinX now?

2023-07-16 16:06:26

#Bitcoin bear markets are tough, but they have nothing on Japanese markets.
In the late 80's, Japan experienced a major bubble in stocks and real estate. Japanese stocks (the Nikkei 225) peaked on December 29, 1989, then had an awful drawdown of 82% over a 20 year period.
Today, the Nikkei 225 is working its way back to the levels it was at the peak of the bubble. A cool 33 years later. https://cdn.nostr.build/i/ddfc70ba79506ea250761d9094f8431ecb397f8bd3bdba816d633f367febb6cf.jpg

2023-07-10 03:09:58

This is the most bullish #Bitcoin chart anywhere on the internet.
The world is massively short dollars.
From Parker Lewis article, Bitcoin is Not a Hedge:
“Today, there is approximately $92 trillion in dollar-denominated debt in the U.S. credit system but there are “only” $9 trillion actual dollars. Despite the money supply having increased by nearly 10x since before the financial crisis, there remains over $10 of dollar-denominated debt for every dollar that exists today. Only dollars can pay dollar-denominated debt and in this context, dollar debt only includes the most vanilla of anything that could be considered debt; bonafide fixed maturity, fixed liability debt as estimated and reported by the Fed. Mortgages, credit card, student loan, auto loan, bank debt, corporate bonds and federal, state and local government debt, etc. It does not include estimates of unfunded pension liabilities or derivatives of debt–merely a fixed amount of dollars owed at a defined future point in time. The Fed may have massively increased the supply of dollars, but the world is still short dollars, dollars which are owed and must be demanded in the future to repay existing debt obligations.”
Full article: https://bitcoiner.ghost.io/bitcoin-is-not-a-hedge/ http://nostr.build/i/ad054e6528b9fa717990c70a0b433965f7a054bd099aa320b0dd9aaa5a365372.jpg

2023-07-06 18:43:14

- reply

Exactly!

2023-07-06 07:52:37

The United States is lucky to have the world reserve currency but it comes at a cost, a structural trade deficit.
The US has not had a single year of trade surplus since 1975.
__________
1971 the US abandoned the gold standard and adopted the petrodollar system.
Under the petrodollar system, oil producing countries such as Saudi Arabia and Kuwait are required to price and sell their oil in US dollars. In exchange they receive protection from the US military of key trading routes.
Since oil is a key input for any economy, foreign countries are forced to hold US dollars in order to purchase oil from oil producing nations. This creates a constant demand for the dollar, and as a result, a structurally strong dollar relative to other currencies.
A strong dollar creates a situation where US exports become unaffordable to other countries, and imported goods/services become more affordable to the United States.
This imbalance creates a structural trade deficit, meaning the US always imports more than it exports. https://nostr.build/i/578f6ef8508dce2472f44a14adb64e6ae846d62322ef8ca0cf7701c5da3c607d.jpg

2023-07-04 00:19:13

Comparing major #Bitcoin cycles: All time high, to bottom, back to the all time high.
This cycle, Bitcoin experienced its most mild drawdown ever (-77%), despite the Fed rapidly increasing interest rates from ~0% to 5.25%, major crypto exchanges blowing up, and a regulatory crackdown on crypto.
It has been 603 days since $BTC has seen an all time high, and there is only about 297 days left until the supply halving. https://nostr.build/i/989171152d45085e48d79012ec22c2fb8ffd9ddc4be051e928530bd2c95a0c51.jpg

2023-07-03 01:06:54

Usage of the Bank Term Funding Program (BTFP) increased to over $103 Billion last week.
There appears to be no functional limit on how large the facility may grow, even though it was created with a headline number of just $25B.
_______
In 2022 and 2023, the Fed rapidly increased interest rates from 0% to over 5%.
The banks, which had bought US Treasury bonds prior to the interest rate hikes, are now significantly underwater on their investment because of the high interest rates which caused the value of their bond holdings to drop significantly.
The BTFP was created by the Fed to shore up the insolvent the banking sector after the bank failures in March which began with Silicon Valley Bank.
The BTFP allows US banks to post their underwater bonds as collateral and receive a cash loan at 100% of the bond's par value. https://nostr.build/i/56787c244576a41b8fdc3bca80a268c856f2d0b235cb9d3965ca0c9c59f5fc71.jpg

2023-06-17 01:22:30

Normalize Ethereum hate.

2023-06-15 01:52:48

Here is the link to my latest article Debt, Inflation, and #Bitcoin :
https://markharveyresearch.com/debt-inflation-and-bitcoin/
The article explores the debt situation in the United States, starting from the big picture, then drilling down to how exactly the US became so indebted.
The article then details how policy makers are likely to respond to the debt situation, and finally, what I believe is the best way to be prepared for what is to come.

2023-05-13 05:53:18

- reply

I don’t think it that would be reflected here.

2023-05-13 05:52:20

Unpopular opinion: The US has been in a “depression” since 2008 when interest rates hit 0%.
It just doesn’t feel that way to most people because the economy has had a band-aid on it in the form of non-stop Quantitative Easing which has inflated asset prices, and created a positive wealth effect.
Debts are higher than in 2008, and the Fed still hasn’t let the economy deleverage like it naturally wants(needs) to.
something something something… #Bitcoin

2023-05-13 03:00:21

Consumer Price Inflation (CPI) calculated using the 1980 methodology by Shadowstats:
Using the 1980 methodology, CPI is still about 12.5% YoY compared to the 4.9% reported by the Bureau of Labor Statistics.
For background, the methodology used to calculate CPI has changed several times since 1980 in order to show a lower CPI number. https://nostr.build/i/9b0d16fc062f389b2bf2fbdd343aceb982a6c799503242d4e8d567b2467b2291.jpg

2023-05-10 19:32:56

Median Sales Price of Houses Sold in the United States expressed in $BTC:
Houses are becoming increasingly more affordable to #Bitcoin HODL'ers. https://nostr.build/i/3e1ac35714a319395e6d52be35f3b1b0684e2aac2cc0503d66a6e0748445b15f.jpg

2023-05-07 23:40:05

Inflation is the most unfair form of taxation:
“Fiat money is paper money without precious-metal backing and which people are required by law to accept. It allows politicians to increase spending without raising taxes. Fiat money is the cause of inflation, and the amount which people lose in purchasing power is exactly the amount which was taken from them and transferred to their government by this process. Inflation, therefore, is a hidden tax.
This tax is the most unfair of all because it falls most heavily on those who are least able to pay: the small wage earner and those on fixed incomes. It also punishes the thrifty by eroding the value of their savings. This creates resentment among the people, leading always to political unrest and national disunity.”
-G. Edward Griffin

2023-05-04 19:52:48

On August 10, 2020 Microstrategy went on the #Bitcoin Standard by converting nearly all of the cash on it's balance sheet to $BTC.
Returns since then:
Microstrategy $MSTR: +152%
Bitcoin $BTC: +143%
Grayscale Bitcoin Trust $GBTC: +20%
NASDAQ $QQQ: +9%
Gold $GLD: +6%

2023-05-04 00:37:27

CarGurus used Car Index:
According to the index, used car prices are up 2% in the last month, and have increased the last 3 months consecutively.
Used car prices are at the same level they were in October of 2021, before the Fed even started raising interest rates.
My thoughts: higher interest rates means higher financing cost for used cars. Higher financing costs means lower demand. Lower demand for used cars means lower prices. 😅
At least that is what I thought would happen with high interest rates. But I've been wrong on this so far.
Why are used car prices so sticky? https://nostr.build/i/nostr.build_7702d672c3e09dc96d66d686d97b77bdf48563f81429345f728890d1e2849bdb.jpg

2023-05-02 22:14:14

It's been 552 days since #Bitcoin price was at it's all time high price of ~$69k. In the previous two cycles, it took 1,126 and 1,083 days for the price to recover back to the all time high price.
$BTC experienced it's most mild drawdown of "only" 77% in the current cycle.
Despite a larger market cap, $BTC only took 378 days to find a bottom, which is in line with the previous two cycles in terms of length.
https://nostr.build/i/nostr.build_336ef7567b0f62f26c7d51bd5588d450a2b5524a7935577e8d2682dde6a8fd1b.jpg

2023-05-02 22:13:42

Barrels of Crude Oil in the U.S. Strategic Petroleum Reserve(SPR):
The SPR was drawn down for 17 months in a row, which contributed to a lower CPI inflation number.
As of the latest reading, the drain has finally stopped; with barrels of crude oil in the SPR stabilizing at 372 million, or about 19 days of supply at current levels of consumption.
https://nostr.build/i/nostr.build_6f49ee78823ee7515d185245b6989831b365feb6809e6c9526b375a06c19a436.jpg

2023-05-01 22:00:41

- reply

Will not end well I’m sure

2023-05-01 21:58:08

The interest expense to service outstanding debt will soon exceed $1 trillion in the US.
To put this into context: $1 trillion is greater than the $767 billion spent on defense in 2022, and more than double the $475 billion spent on interest expense during the same year.
The sharp rise in interest expense was directly caused by the rapid increase of interest rates from the Fed (from 0% to 5%).
Making this worse, the Fed is expected to raise interest rates a further 0.25% this Wednesday.
There is just too much debt. IMO we are in the beginning of a debt spiral. The only way the US can pay down it's debt is... by issuing more debt. Expect high inflation for a long time.
https://nostr.build/i/nostr.build_e25abe9d3c551e414a6147c082a109b9ee854e3d3c8f594d5363d5871e5f551a.jpg

2023-05-01 04:44:39

Returns so far this year...
MicroStrategy: +145.4%
Grayscale Bitcoin Trust (GBTC): +98.1%
#Bitcoin : +76.9%
Ethereum: +56.8%
Tesla: +33.4%
NASDAQ: +16.8%
Gold: +9.4%
Dow Jones: +2.9%
Oil: -5.1%

2023-05-01 00:21:38

In 2017 the price of $ETH reached a high relative to #Bitcoin , but has never recovered.
The most "bullish" catalysts for ETH have turned out to be nothing burgers in terms of price. Looking in more detail...
June 12, 2017: ETH reached it's all time high relative to BTC.
$BTC denominated return since then: -55%
August 5, 2021: Ethereum implemented EIP 1559, a scheme to "burn" ETH tokens to reduce supply, rather than give them to miners as a reward, making ETH "ultrasound money".
$BTC denominated return since then: -5%
September 15, 2022: Ethereum completed the merge to proof of stake.
$BTC denominated return since then: -13%
https://nostr.build/i/nostr.build_305b7d4ed3e273eb4c99429b93def0877512fe2ea357b5d35e9b03ea2b79067f.jpg

2023-04-29 02:17:48

All "cryptos" are going to 0*
*when priced in $BTC
The image below are the most popular cryptos listed on Coinmarketcap this day 5 years ago.
Their price performance relative to $BTC since then:
Ethereum (ETH): -10%
Ripple (XRP): -82%
Bitcoin Cash (BCH): -97%
EOS: -98%
Litecoin (LTC): -81%
https://nostr.build/i/04d23adeaf25626fea51efd92e1fb56435543ce526ae78083e5c9435577c6d81.jpg

2023-04-29 02:09:24

Cash Holdings of Big Companies:
https://nostr.build/i/d894b7989ed3c609e22299fa14212594a01c7de4b6b97baf36c65e95e6e8bb70.jpg

2023-04-28 17:30:17

- reply

Why is this stupid?

2023-04-28 09:09:26

Cash holding of big companies ($ billion):
Alphabet: 113.8
Microsoft: 104.8
Amazon: 70.0
Apple: 48.3
Meta (Facebook): 40.7
Berkshire Hathaway: 35.8
Tesla: 22.2
Nvidia: 13.3
(as of most recent annual filing)

2023-04-26 21:26:30

Many people believe that the US is spending TOO MUCH on defense, which leads to overspending, huge deficits, and debts.
The data says otherwise.
The US gets it's income from taxes, and uses that money to fund it's spending programs. Tax income growth has outpaced spending for defense from 1971 until now (shown in the chart below).
In my opinion the bigger issue is that the US is not spending *enough* for defense.
https://nostr.build/i/nostr.build_0a43e297120cb27f5896935cbe6870ded9b1cc42e2d57cf367716fcf48a8ae90.jpg

2023-04-26 21:24:03

In the short term, all roads lead to #Bitcoin.
(a) banks fail, trust in banking is lost, money flows into Bitcoin
(b) banks bailed out by government with freshly printed money, inflation rises, money flows into Bitcoin

2023-04-25 00:39:27

Aging demographics are a big problem for the United States.
Spending on Medicare is one the biggest contributors to the US's over-spending problem.
Over the past several decades, the growth in spending for Medicare has far outpaced the growth in income that the US receives through taxation.
Specifically since 1971, US's income from taxes(bold black line) has 26X'd, but spending on Medicare has 190X'd.
Income from taxation is not growing fast enough to keep up with this level of spending.
https://nostr.build/i/nostr.build_64dd33e7e7ca420b05101a5e2639d6eb7497179fef13a70dc9d023b1eb012e1a.png

2023-04-24 21:23:26

The VIX today closed at similar levels to what it experienced during the peak of the equites bull market in January 2022.
The Volatility Index (VIX) or "fear gauge", is a tool used to measure uncertainty in equity markets.
As measured by the VIX, equity markets are predicting little in terms of future expected volatility. "Fear" in markets is low.
$SPY $VIX
https://nostr.build/i/nostr.build_6848658b761e8db27902871db895139d9a3cce2b2e321d80b4339e698fe779c6.png

2023-04-24 21:22:49

2023-04-23 23:47:52

“Just like there is no spoon inside The Matrix, there is no "stake." The term "stake" is just a metaphor for the special administrative privileges given to users who own ETH. It's purely an imaginary concept, an object-oriented software abstraction that doesn't physically exist and therefore is physically impossible to verifiably decentralize.
"Stake" (and consequently the special administrative privileges it represents)
cannot be decentralized anywhere except exclusively within people's imaginations because "stake" itself is an abstract concept. Proof-of-stake systems are what's known as decentralized in name only (DINO) systems because it's physically impossible to verify that "stake" isn't already majority-owned by a single person or institution”
Jason Lowery
https://nostr.build/i/nostr.build_64d02468c4ead01e425120051577a6e8ac972c5d6d55f3a920417c38b9c46af1.png

2023-04-23 22:58:16

- reply

Wow! I appreciate the zap!

2023-04-23 22:55:44

#Bitcoin holders will inherit the earth:
“because global leaders don't understand computer theory well enough to understand that the term "bitcoin" is purely an arbitrary name, or because researchers aren't taking these theories seriously, this could mean that nation states are allowing themselves to become among the last institutions to establish a foothold in this potentially strategically vital space within cyberspace. This could upturn global power projection dynamics and dramatically restructure the digital-age geopolitical environment, exactly as planetary-scale computing theorists predict will happen.”
-Jason Lowery

2023-04-23 03:09:31

- reply

I know. Income tax is BS

2023-04-23 01:47:47

From 1868 until 1913, 90% of all federal revenue came from taxes on liquor, beer, wine, and tobacco.

2023-04-21 22:30:24

Top #Bitcoin related app store downloads:
1. Cash App (Bitcoin only)
2. PayPal
3. Venmo
4. Fidelity
5. Robinhood
6. Webull
7. Coinbase
8. Trust
9. Binance
10. Crypto dot com

2023-04-21 03:31:46

- reply

I think so!

2023-04-21 03:31:25

The global superpower countries are at a stalemate because the threat of mutual nuclear annihilation.
So, the only way a superpower can be destroyed is from within.

2023-04-21 03:18:44

The US government is adding to the national debt at an astonishing rate.
So far this fiscal year(Oct 22 until now), the Federal government has ran a budget deficit of $1.1 trillion, or 65% more than the same time last year.
In total, the budget deficit for 2022 was $1.4 trillion. At the current rate, the budget deficit will be $2.3 trillion for 2023. Near emergency COVID levels.
The main driver of the increased budget deficit is the increase in the interest expense paid by the US Treasury to service it's outstanding debt. The interest expense increases as the Fed raises interest rates, which they have done since early 2022.
https://nostr.build/i/nostr.build_301d37fd32efdbe52efcfecb6767677952d550cc0076eac988af2566c7349b55.jpeg

2023-04-21 03:18:43

2023-04-21 00:00:16

The world is severely short #Bitcoin .
19.4 million total $BTC are in circulation, or about 92% of the 21 million bitcoin that will *ever* be mined. Only 8% of the supply is still up for grabs.
#Bitcoin stands alone as the only significant proof-of-work asset, it's 21 million supply cap is actually credible, and it's invention can't be replicated.
Everyone needs Bitcoin whether they know it yet or not, because it's the strongest form of property a person can own. Eventually, everyone will catch on to this.
I estimate that than 1% of people truly understand #Bitcoin and are buying as much of the supply as they possibly can, holding, and not selling at any price.
What happens to the $BTC price when the other 99% of people decide they want to get their hands on the remaining 8% of the supply?
https://nostr.build/i/nostr.build_c2bb4a177dfa90222a2fc11d675d52994ff7dbce1a165a2939034e0104b8bfe8.png

2023-04-21 00:00:15

2023-04-18 23:24:42

58 days to reach a $1M #Bitcoin price or @balajis loses his bet.
Bitcoin price has appreciated about 17% from the $26k price when he made the bet.
$1M is a 3,189% increase in $BTC price, or 6.2% compounded daily for 58 days.
Seems doable.
https://nostr.build/i/nostr.build_a39a7f7ea8ede525f63ac8c001d2158355197a871335dd241021e12c2695b6c6.jpeg

2023-04-18 22:56:39

Real Yield on 1 year U.S. Treasuries (yield minus CPI):
*Almost* a positive real yield.
Note that this is based on the official CPI data which is manipulated (lower) by the BLS through periodic adjustments to how CPI is calculated.
Using the current official CPI measurement, rate hikes appear to have nearly caught up to inflation, with a near 0% real yield.
However, using the original 1980 CPI methodology, real yields are still significantly negative at -8%.
https://nostr.build/i/nostr.build_7987bf5fbbb5c8d0dffcaa58135676279b570bf19ed4f32e1b6ff9d25abf18c9.png

2023-04-17 20:15:43

Pure Signal. #Bitcoin hash rate continues to smash through all time highs despite the $BTC price being down 57% from all time highs.
I'm not saying this has anything to do with Russia mining, but I'm saying this has everything to do with Russia mining.
https://nostr.build/i/nostr.build_fd78cbb2a9eee8761aeed2dd45fd5b3cdebb883509e18bb5b5049721b465c503.jpeg

2023-04-17 19:08:24

Updated: $BTC on public #Bitcoin miner balance sheets as a percentage of market cap, and Microstrategy:
https://nostr.build/i/nostr.build_cd78bcf58e1a13a6d06ade634cdc7cc41ced79112614aad7751d31e6d00f48d9.png

2023-04-17 08:28:26

Consumer Price Inflation (CPI) calculated using the 1980 methodology by Shadowstats:
Using the 1980 method, CPI is still around 13% YoY compared to the 5% reported by the Bureau of Labor Statistics.
For background, the method used to calculate CPI has changed several times since 1980 in order to show a lower CPI number.
https://nostr.build/i/nostr.build_daf2943d879efa91b478f3a489b5701074d2d1ddc78dd132a82683b1fff8d4b2.jpeg

2023-04-14 21:53:58

Median Sales Price of Homes in Major Metro Areas:
1. San Francisco, CA: $923,500
2. Los Angeles, CA: $816,667
3. San Diego, CA: $773,333
4. Seattle, WA: $612,667
5. Boston, MA: $560,458
6. Denver, CO: $550,000
7. New York, NY: $516,667
8. Riverside, CA: $508,333
9. Washington, DC: $458,967
10. Phoenix, AZ: $420,083
11. Miami, FL: $415,000
12. Dallas, TX: $362,768
13. Tampa, FL: $350,458
14. Atlanta, GA: $343,150
15. Baltimore, MD: $326,600
16. Minneapolis, MN: $324,867
17. Houston, TX: $305,633
18. Philadelphia, PA: $304,100
19. Chicago, IL: $272,667
20. Detroit, MI: $215,000
(data from Zillow)
San Francisco prices seem high compared to the value that a person gets for living there.

2023-04-13 21:46:10

“The selfish reason to tweet bullish shit is that it attracts other bullish people into your network”
-I think the Dalai Lama
https://nostr.build/i/nostr.build_4a2981a1ca32c80c6cf1e9a9789c82a66b4ccd18f2fd82231c024a3aa1a41dc0.png

2023-04-13 20:45:21

What if everything since 2008 that we call our wealth, is just wealth effects created from nonstop Quantitative Easing (QE), combined with 0% interest rates?
During the run up to the Great Financial Crisis(GFC) in 2008-09, the S&P only reached the same level (around 1500) that it had achieved 8 years prior in the dot com bubble; then the market crashed during the crisis.
Markets were only saved by 0% interest rates and the introduction of a new Fed tool, Quantitative Easing, which was originally intended to be a temporary measure to stabilize the economy during the GFC. However, the Fed never stopped doing QE.
Markets have ripped since then, the US has taken on even more debt.
Ray Dalio followers:
Dalio claims that the end of the last long term debt cycle was in 2008 during the GFC, but the economy has not deleveraged, only become more leveraged since then with the introduction of QE.
I don't see how we can call an end to the long term debt cycle until the stock market can achieve new all time highs *without* any new rounds of QE, interest rates that are >0%, all while the economy becomes less leveraged as measured by Debt/GDP ratio.
Please comment if you have a different perspective, or believe I'm wrong in my thinking.
https://nostr.build/i/nostr.build_972b9c541eb20951122364517268697ab925ad502784c55092b71c11c0f21b05.jpeg

- reply

Woah

2023-04-13 00:14:22

#Bitcoin

2023-04-12 23:10:56

I had a dream I could buy my way to heaven; when I awoke I spent that on a Bitcoin

2023-04-12 20:57:16

US Public Debt as a Percentage of GDP (Debt/GDP ratio):
Currently ~120%
The red labels are rounds of announced Quantitative easing (QE) to show the effect that QE has on the US debt position.
QE was only introduced in 2008, and is the tool that has allowed unchecked money (and debt) creation since the great financial crisis.
https://nostr.build/i/nostr.build_cd2942acbea681029ab6014bcb552fe3f9f5a612e3de4e5a792f53254b94d833.jpeg

2023-04-12 20:55:47

Barrels of crude oil in United States Strategic Petroleum Reserve (SPR):
As of the most recent data, the SPR is at 372 million barrels, the lowest level since November 1983.
The SPR has been drawn for 17 months in a row, contributing to a lower reported CPI inflation number.
https://nostr.build/i/nostr.build_0fae82f2f2e7638bb31fc0a4cd4186cded58be13d479a563254af3cc6ed4d279.jpeg

2023-04-11 18:30:56

“Predators feed on weakness. Oppressors benefit from the sanctimonious peer pressure of pacifists who condemn physical aggression; oppressors *want* their population to be passive. Passive populations are physically docile, and their belief systems are easy to exploit”

2023-04-10 21:48:39

Once you learn Bitcoin you unlearn.
Bitcoin has become so rooted to the core of my operating system I don’t see how I can live in a Jurisdiction that is hostile to it.
A ban would be like the government telling me the sky is now green. I could not live a lie.
If the United States was to ban Bitcoin like they did gold in 1933, where is everyone moving?

2023-04-09 23:12:49

Read, write, 🔁.

2023-04-09 22:58:30

- reply

She’s such a great analyst

2023-04-09 22:56:03

Proof of stake explained simply by Lyn Alden:
“[staking ETH] would be like a political system where you get a vote for every hundred dollars you have, and then also get paid a dollar by the government for casting each vote. Mary the high school science teacher with $20,000 in net worth gets 200 votes, and earns $200 from the government for voting. Jeff Bezos, with $200 billion in net worth, gets 2 billion votes, and earns $2 billion from the government for voting. He’s a more valuable citizen than Mary, by a factor of a million, and also gets paid more by the government for already being wealthy.”
Proof of stake is just a recreation of abstract power that already exists today. The rich get richer.
#[0]

2023-04-09 00:50:21

“Humans replaced the emotionally fulfilling challenge of hunting and gathering (for which we are physically and physiologically optimized) with unnaturally sedentary and laborious lives filled with social isolation, infectious disease, health deficiencies, war fighting, and probably most devastating of all, high ranking sociopaths who psychologically abuse and systematically exploit their populations through their belief systems at extraordinary scale”
-Jason P. Lowery

2023-04-08 02:49:38

“Nearly all men can stand adversity, but if you want to test a man’s character, give him power.”

2023-04-05 22:19:47

- reply

Hmm strange. Some bugs in this latest update of Damus 🤔

2023-04-05 21:11:07

I’m not cheap, my Damus app is not letting me Zap right now

2023-04-05 21:10:09

The next #Bitcoin supply halving is about 1 year away (est. April 2024).
After the supply halving, $BTC will have a stock-to-flow ratio that is lower than even Gold.
Bitcoin's market cap is currently less than 10% of Gold's market cap. If the Bitcoin market cap was to match that of Gold, it would imply a BTC price of $310,000.
Which is still conservative because Bitcoin is at least 10X better than gold as a store of value.
IMO the halving is not priced in.
https://nostr.build/i/nostr.build_99749e19d42ed5190a2d718da229bcf85b62c70bc058b6e26713f4b111591c67.jpg

2023-04-05 21:09:28

- reply

I’ll get one if my lady lets me

2023-04-05 20:16:03

Life goal:
Live long enough to see the last Bitcoin mined in ~2140.
@remindmeofthis in 117 years.

2023-04-05 07:43:41

“The truth is, one who seeks to achieve freedom by petitioning those in power to give it to him has already failed, regardless of the response. To beg for the blessing of ‘authority’ is to accept that the choice is the master’s alone to make, which means that the person is already , by definition, a slave.”
-Larken Rose

2023-04-04 21:12:22

most woke people need to get some sleep

2023-04-04 21:08:38

Banks: Socializing losses
Bitcoin: Socializing gains

2023-04-04 18:55:04

Single issue voter - I only care about Bitcoin stuff

2023-04-01 08:29:58

“With the right stories, people will forfeit physical power and lay down their arms. Sapiens can be domesticated by the stories they believe, and like lambs, they will walk straight into slaughter.”

2023-04-01 07:36:27

https://nostr.build/i/nostr.build_b6cadc694f570b59c990cfd3e52e6c482e7310b58d52ba8f7edb357c7a41434e.jpg

2023-03-30 20:36:05

Just believe.
https://nostr.build/i/nostr.build_f2f99c5de2aa52ef0cf6ed3aa45a3aef880db0bfc52e1cfd1dbdc6df5b287554.jpg

2023-03-29 20:24:22

NOSTR sucks ❤️

2023-03-29 20:23:34

Buying up all the goddamn Bitcoin: My Magnum Opus

2023-03-29 17:54:47

- reply

Holy large photo

2023-03-29 17:54:19

Barrels of crude oil in United States Strategic Petroleum Reserve (SPR):
The SPR has been drawn for 16 months in a row, contributing to a lower reported CPI inflation number.
https://nostr.build/i/nostr.build_12629183ec3f4f25dc80eb21b7796ca740de9cff629768564a44733f5fc518a7.jpg

2023-03-29 01:14:52

#Bitcoin price is in a forever pump. Few recognize this.

2023-03-28 09:14:51

Ethereum must be stopped.
…and it can be stopped because it’s centralized.

2023-03-28 06:25:40

I’m buying all the Bitcoins

2023-03-27 00:07:35

Quantitative Easing(QE) was introduced to the US in 2008 as a temporary fix.
Since then, we have not been able to stop doing QE because there’s simply not enough buyers of our debt to support the level of government spending.
In recent years, each slug of QE easing has been bigger than the last:
Sept 2012: $40 billion per month
October 2019: $60 billion per month
March 2020: $120 billion per month

2023-03-23 06:55:32

#Bitcoin maximalism is an idea who’s time has come

2023-03-23 06:21:35

Quantitative Easing(QE) and the Fed Balance Sheet:
QE refers to the Fed purchasing Treasuries and MBS with printed money to inject money into the financial system. QE is a new tool that the Fed only invented in 2008 as a response to the Great Financial Crisis.
In recent years, each slug of QE seems to be larger than the last.
Is Quantitative Easing sustainable long term?
https://nostr.build/i/nostr.build_35b778f29ab30cd2cf206324dc2a210646bb872a78fbe71cae099c43483e4db4.png

2023-03-22 01:41:08

They selfish reason for Tweeting attacks against Ethereum is that it attracts other people who hate Ethtereum into your network

2023-03-21 23:11:47

Tomorrow:
a) The Fed pauses interest rate hikes before hitting their inflation target. Credibility in the Fed system is lost. #Bitcoin pulls a Bitsignal(see chart below).
b) The Fed raises rates despite banking failures, exacerbating the systematic banking crisis. Credibility in the banking system is lost. #Bitcoin pulls a Bitsignal.
https://nostr.build/i/nostr.build_0030b6f90e6772db6e026c84c77cf7af4ec81659c8e9dee3e7ccba2606f2ddec.jpeg

2023-03-21 00:11:07

Percent change in foreign owned US Treasuries since Jan 2020:
Japan: -9%
China: -20%
United Kingdom: +49%
https://nostr.build/i/nostr.build_c9cac82dca958057457ff1f42fa1895231dc6b5ba09d5c0d5e664a1664ac62c0.png

2023-03-21 00:09:59

Eggs:
https://nostr.build/i/nostr.build_6c72f7c941463616cb48c6292a16a02095a395414a18c7f0acab711c33899c02.jpeg

2023-03-19 20:54:30

Consumer Price Inflation (CPI) calculated using the 1980 methodology by Shadowstats:
Using the 1980 method, CPI is still nearly 14% YoY compared to the 6% reported by the Bureau of Labor Statistics.
For background, the method used to calculate CPI has changed several times since 1980 in order to show a lower CPI number.
https://nostr.build/i/nostr.build_08a642f560c92216a5bd02a9189927dfa54dc5a916b82ea32448b9e998117753.png

2023-03-19 13:13:16

Imagine believing in “The Big Bang Theory” as to our creation, while at the same time dismissing BTC to $1M in 89 days as a possibility

2023-03-19 12:45:53

Segwit, Taproot, Lightning…#Bitcoin just keeps getting better.
Now with the recent Bit Signal upgrade, price is all but guaranteed to get to $1M in just 89 days.

2023-03-18 01:10:20

Competitive Bitcoin stacking