morpheus
Morpheus

What is the Matrix

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npub1cu260hq6nvcadmtjjn2h356xz6gxxttmj6609avgdrw0lzqr0m4q4ldr50

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illllama25@walletofsatoshi.com

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nprofile1qqsvw9d8msdfkvwka4eff4tc6drpdyrr94aedd8j7kyx3h8l3qpha6spzfmhxue69uhk7enxvd5xz6tw9ec82cspz3mhxue69uhhyetvv9ujuerpd46hxtnfduwvsa3y

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relay.damus.io

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Last Notes

2024-11-17 14:51:35

Raoul Pal:
Money is just a scoring system. The real privilege? Freedom!!
Freedom to live where you want, surround yourself with the right people, and align your life with your values. But even more powerful than freedom is the true currency of life: experiences!

2024-11-03 14:16:35

Remember that I said you can't look at the % of these betting markets now I'm not 100% because these markets are new so they can be gamed but the % is collapsing because the betting markets have very thin order books and at a billion $ in volume is a very small market so a small amount of capital could swing these % a lot. The reason to swim the % I think is less so to influence the election but more because people are placing other bets around the assumption that Trump had a 65% chance which is not accurate.

2024-10-30 23:28:27

Saylor wants to buy $42 billion in BTC over the next 3 years.
At current prices, that works out to ~577,160 BTC. Only ~492,750 BTC will be issued over the next 3 years.

2024-10-30 17:53:03

Florida Treasurer Jimmy Patronis makes history with letter endorsing a ‘Strategic Bitcoin Reserve’ - Pushes state pensions to add Bitcoin.

2024-10-30 03:08:51

What if the last bull market cycle was muted bc of FTX, Celsius, Gemini, 3AC, cash-settled futures, and other shenanigans?

2024-10-30 02:48:18

How to protect your #Bitcoin profits WITHOUT ever selling your #Bitcoin
1. Buy #Bitcoin @ say $73,000.
2. Let it appreciate to say $300,000.
3. Buy Puts on IBIT (when launched) at $300,000 with following math:
Profit: $227,000.
10% of profits allocated to Puts: $22,700.
4. Scenario 1 - Bitcoin collapses down to 200W moving average - say $80,000. Watch the $22,700 in Puts ride up to $150,000 - $200,000 in profit. SELL the Puts and collect the cash.
Scenario 2 - #Bitcoin hits S Curve and America announces Strategic National Reserve buying 1 Million Bitcoin and Bitcoin goes vertical to say $1m and stabilizes.
You lose $22,700 in the Puts you bought.
But your #Bitcoin is now worth $930,000.
You're hedged both ways.
AND YOU NEVER EVER NEED TO SELL YOUR BITCOIN.
And it works in both ways if you hold ETFs or Cold Storage.
You can always just buy Puts in a brokerage account while having the Bitcoin in your cold storage

2024-10-25 23:07:22

If Tether was under investigation would people not try to swap USDT for BTC as fast as they could...?

2024-10-25 02:46:13

Bitcoiners https://image.nostr.build/9ab8785003bf2ec48260013560c7fc6532a8e8851422d46881698a80274da551.jpg

2024-10-24 22:51:52

In an SEC filing late this afternoon, Microsoft disclosed that "Assessment of Investing in Bitcoin" is currently proposed and will be a voting item for the shareholder meeting on December 10 (the filing notes that "the Board recommends a vote against this proposal").
The filing is here (see voting item #5):
sec.gov/Archives/edgar… https://image.nostr.build/b15b746d4f9291cf9d3349b496d2dd64861f661047e220dbade6b9c91a65f37b.jpg

2024-10-24 17:08:39

Source Dennis Porter, BREAKING: The state of Pennsylvania has passed ‘Bitcoin Rights’ in the House by a sweeping majority. Both Republicans and Democrats united together to pass the bill.
Pennsylvania is poised to be the most important state in the ‘24 election & this bill is poised to play a role👇 https://image.nostr.build/527b8440bf25d427a495f64d6a56e5a868ade33d9b3fecbee6469f25bd85b77c.jpg

2024-10-23 21:56:41

- reply

Making the market cap 3.486 quadrillion.

2024-10-23 20:29:43

If each #Bitcoin was worth 166,666,666$USD the U.S. government would have no debt base on their bitcoin reserves.
Something to think about...

2024-10-23 15:34:43

🚨 13 YEARS AGO TODAY: The Economist called #Bitcoin a bubble at $2.50.
Today, it's $67K. 🚀
**The Lesson here is do your own homework and formulate your own opinion.** https://image.nostr.build/bdfc2d5064dacb6ea399b00988a96c49acd96cdb32742b304362571f916f7e2a.jpg

2024-10-23 15:21:11

Doom loop! Not only are people not buying but shorting. Treasury will have to print to buy their own bonds monetizing their debt https://image.nostr.build/b122429543203cb585086f5e008d51ed3842bbc25731055504ef86032ebc5327.jpg

2024-10-22 20:51:53

Max Keiser
I believe:
- Money existed before the state
- Bitcoin separates money from state
- Bitcoin kills the state

2024-10-22 16:44:59

- reply

It was a little presumptuous, I should have put could sell 4 billion of bitcoin... but you would also speculate based on the governments past track records attacking bitcoin and selling it that they will continue.

2024-10-22 16:42:38

- reply

https://coinmarketcap.com/community/articles/670e05ec50c1482c894b676b/

2024-10-22 15:59:52

Most proposals are to just stop the dept to GDP from rising past 120% but the artery is already bleeding interest payments!
The way past civilizations have dealt with this is to inflate the debt away. https://image.nostr.build/6c345d1535e51e022fd5c53213db70b680d95c9ebd73e37167853b4698c8da34.jpg

2024-10-22 15:52:54

It took 221 years for the US to create the first $12 trillion of national debt.
another $12 trillion of debt was added in the last 5 years. https://image.nostr.build/6841186efc42b7b5266d8bbff8a4dbd05e969f4d285862a8a35b512501ac32b3.jpg

2024-10-22 11:52:31

Fix the money https://image.nostr.build/c47999d98f2bd58af0c36951f8f0aa5f1ce0037b9f18440952884369fc9cdfce.jpg https://image.nostr.build/db110f097feaed4d9d417db75b2bc61de426dd1c12c83f1cdd4c86775c38413e.jpg

2024-10-22 11:29:06

Saylor: "People Voluntarily Turned in their Gold" in 1933.
Reality: The penalties for non-compliance were severe:
Fines: Individuals who failed to comply with the order faced a fine of up to $10,000 (equivalent to about $220,000 today, accounting for inflation).
Imprisonment: Violators could also be subject to up to 10 years of imprisonment.
Asset Seizure: In addition to fines and imprisonment, any gold that was hoarded or not surrendered could be seized by the government

2024-10-22 00:56:08

Bitcoin went from 0 to 1% adoption in 15 years and the price went from less than $0.001 to over $70,000.
0 to 1% adoption and Bitcoin's value increased by over 70,000,000%.
A $100 purchase would have turned into over $70 million.
What do you think happens when we go from 1% to 5%? 10%? 25%?
50%?
100%?
You're so early.
Buy Bitcoin.

2024-10-20 17:54:42

FUN FACT: Henry Ford actually predicted Bitcoin in 1921. He called it ‘Energy Currency.’
“Under the energy currency system the standard would be a certain amount of energy exerted for one hour that would be equal to USD 1. It’s simply a case of thinking and calculating in terms different from those laid down to us by the international banking group to which we have grown so accustomed that we think there is no other desirable standard.”
“The essential evil of gold in its relation to war is the fact that it can be controlled. Break the control and you stop war.”

2024-10-18 17:35:10

Wild!! https://image.nostr.build/eeb0d09c614e9d30a6c24b029e2699c4816760c3fd1a924fdef1ee188015c008.jpg

2024-10-15 18:51:11

#bitcoin ownership breakdown https://image.nostr.build/25caeecb7606ca27eee7dae58c1ee08f4de76609d4389ec389fa4a3c66447ae2.jpg

2024-10-15 01:11:43

Some key passages from @LynAldenContact's latest paywalled newsletter on $MSTR:
"Investors are paying in the ballpark of about 3x net asset value for the company. When they had their massive price surge in March 2024, I warned about the high NAV premium, and trimmed some of the position out. However, I haven’t trimmed all of it, and keep letting the rest of the position run. It touched new highs on Friday."
"From a risk/reward perspective, I prefer buying direct bitcoin versus MicroStrategy when the premium is this high like it has been since March. It feels safer owning the asset 1:1 when that disconnect grows to this degree. But it doesn’t mean the disconnect has to narrow anytime soon. It might or it might not."
"MicroStrategy directly benefits from this high premium to NAV. They can keep issuing more convertible notes or other types of capital, and use it to buy bitcoin, which increases their amount of bitcoin per share. (In contrast, if MicroStrategy were trading below NAV, then issuing equity or convertible notes would reduce the amount of bitcoin per share)."
"What MicroStrategy is doing here makes absolute sense. The market is giving them a big premium, and so by all accounts they’re just going to keep arbitraging it for their shareholders while meeting market demand for its securities. They’ll likely keep issuing more and more capital and suck in more and more bitcoin until the trade is exhausted and premiums over NAV diminish."
"It’s important to consider investor mandates. There are portfolio managers that have a mandate to only own stocks, for example, and if a portfolio manager happens to be bullish on bitcoin, then a few entities like MicroStrategy and some miners are the only avenues for them to express that view. They can’t buy a spot bitcoin ETF or other similar instrument. Similarly, there are bond managers that happen be bullish on bitcoin, but have a mandate to only own bonds. So they can buy MicroStrategy convertible bonds to capture potential upside when the bitcoin price surges, within the context of a bond fund. There is no financial entity that has been identifying and meeting this need for certain types of security mandates better than MicroStrategy."
"This is a recursive flywheel that I will continue to monitor. A lot of people monitor ETF flows, which I think are important, but this specific combination of high premium to NAV and thus the incentive to keep issuing capital to buy more bitcoin, creates a big vacuum that will keep sucking up bitcoin until it doesn’t anymore."

2024-10-14 22:28:21

$MSTR converts Bitcoin volatility into cash flow by ‘selling volatility’ in the options market. Then they buy more Bitcoin with the proceeds.
The ‘Saylor Put’ on Bitcoin price is real.
All five revenue streams go into buying more Bitcoin.

2024-10-14 22:10:33

Bitcoin has a monopoly on long-term, sovereign, digital wealth storage.

2024-10-14 22:09:51

Patience, confidence, and commitment to hodling in the face of volatility is the short-term price you pay for long-term freedom.

2024-10-09 04:18:31

- reply

But still no proof of original Satoshi coins moved. Thanks HBO play again next time 5-10 year before the next documentary.

2024-10-09 04:16:22

HBO says @peterktodd is satoshi and his response was perfect
"This is going to be very funny when you put this into the documentary and a bunch of bitcoiners watch it."

2024-10-09 00:44:32

$mstr This is how to try to explain what all ya'll already know when talking to tradfi normies.
EVERYTIME Saylor goes to market to sell convertible bonds he is OVERSUBSCRIBED even though he is only promising like .6% interest on the bonds.
WHY?
Because there is an embedded call option on bitcoin in the convertible bonds and these bonds make every bond portfolio look like the ALPHA ALL STAR bond portfolio.
The bond market is 100's of trillions of dollars and the best performing bond fund managers in the world the last 5 years have owned $MSTR convertible bonds.
This is a competitive market where people look at top performers and hope to copy them.
Saylor is tapping into tiny little drops of the 200 TRILLION dollar debt market and slowly using that money to buy bitcoin.
All bitcoin in existence only adds up to about 1.2 trillion dollars.
The pressure building up in the debt market to get same exposure as the TOP performing bond fund managers is only building.
Do you see how that can play out over the next few years as outperformance of bitcoin friendly bond fund managers continues?

2024-10-09 00:41:51

Strange that the US government gets the ok to sell 4 billion in bitcoin the same day a documentary about Satoshi is released 11 years after the seizure.

2024-10-08 22:44:59

I think until someone can actually move the Bitcoin in Satoshis wallet to prove their identity it doesn't matter and we shouldn't speculate on it.
Because If we keep guessing at it there are alternative motives that we will never know what they really are.... people want to know who he she they (group of people ) are to tear their credibility and thus the credibility of bitcoin.

2024-10-08 19:45:44

US government about to sell #bitcoin, let the weak hands sell we are better off. Let this happen now Vs in the future.

2024-10-08 19:10:39

🇺🇸 US government to sell $4 billion in #Bitcoin soon..
Non of the US bitcoin was purchased it is not theirs to sell. Real power at work. https://image.nostr.build/dff17fb3adf3959e37a849a84cab0297e29ca8b2bdacdd7b8dc003cb3a4c0114.jpg

2024-10-08 19:07:03

🇺🇸 Supreme Court Allows the US to Sell 69,370 Seized Silk Road #bitcoin
This should be a clear sign of where the Democratic Harris Walz party actually stands towards Bitcoin
This should also be a sign that the government is scared of what #bitcoin can accomplish for everyday people
Based on this you might get a cheaper fiat entry point to remove yourself from government overreach, censorship, and the loss of purchasing power through constant fiat debasement.

2024-10-08 17:45:07

Can they really orchestrate the perfect landing with all these knobs https://image.nostr.build/c35b7394de0117395cf3ee8947cd26157a03211518c902be82ed0aa424bb795c.jpg

2024-10-07 23:49:13

Staking is not worth the risk of 3rd party custodians!

2024-10-07 23:14:37

Bitcoin is the best option on money printing because there is no time decay!

2024-10-07 14:59:40

$8T of UST Debt rolls over during the next 18 months causing upward pressure on Int Rates. Rising Rates has less to do with economic activity (recession or growth) and more to do with excessive UST Debt.

2024-10-07 03:07:15

IMF hates #Bitcoin.
It was tasked to kill the Gold Standard, centralise the worlds money into the control of a few and open the way for a rug pull into fiat money.
IMF Recap:
1) Formed in 1945 to help kick the world off the Gold Standard. The new system fixed to USD instead of gold directly. The IMF policed each country's FX rate to USD. If a country fell into strife, it would tie them over, while "strongly encouraging" policy changes. This step centralised monetary control to USA.
2) Once Nixon halted the convertibility of USD to Gold in 1971, the fiat rug pull was complete. Fiat was born and the IMF needed a new job.
3) The IMF then pivoted to debt enslaving developing countries with their fund. They now lend out money to countries in exchange for extractive policy changes that keep them poor

2024-10-07 01:14:21

#Bitcoin https://image.nostr.build/148edabf0580b45350262a7e266f170644415a9e8738467533f02434a93fb567.jpg

2024-10-06 14:19:20

🇸🇻 Bitcoin came to the 🇺🇸 US and called out the Federal Reserve 👀

2024-10-05 23:10:32

"They can make more real estate. They can find more gold. They can't make any more #Bitcoin" - Jack Mallers

2024-10-04 20:09:02

There is no way to take money out of politics, but there is a way to take politics out of money, and that way is #Bitcoin.

2024-10-03 15:21:24

Federal debt on 1st day of the new fiscal year, jumping $204 billion to new record of $35.669 trillion, but it gets worse: Treasury also had to draw down its cash balance by $72 billion - that's over $275 billion in the red FOR JUST ONE DAY:

2024-10-03 15:19:40

Is this sustainable? the fed debt jumped $204 billion in a day to record highs.

2024-10-03 15:18:21

🇺🇸 SAYLOR: "#Bitcoin's the most certain thing, in an uncertain world."

2024-09-29 23:04:38

#Bitcoin will perform better if @KamalaHarris is elected, because the US Dollar's value will collapse faster

2024-09-27 04:07:37

Is the USD the next biggest carry trade to unwind?

2024-09-24 17:24:13

Bitcoin the best hedge against the carry trade. The carry trade is not over it took 15+ years to build and does not end with 2 days of volatility.
Other currencies need to be sold to buy back the YEN as the negative interest rate spread closes.
Either other currencies will fall against the YEN or money printing will happen to buy it back without the system loosing liquidity
With Bitcoin giving you optionality to all currencies either way you will be able to sustain purchasing power in YEN or have greater purchasing power in other currencies that need to print against BTC.

2024-09-19 12:41:28

With annual spending of $6.95 trillion and taxes of $4.91 trillion, the US government is currently overspending by $233 million per hour.

2024-09-19 12:28:47

On a blended basis this moves BTC from 1 T to 4 T in market cap. With a 30x multiplier, that means we need 100 Billion in fresh capital coming into the asset.

2024-09-09 12:12:30

#Bitcoin breaks the entire legacy financial system by allowing everyone to play the game of money with the same rules

2024-09-08 20:15:10

Most people think Bitcoin won't even reach $100K
When it does, will they continue to question the best asset in the world, the only one that doesn't require intermediaries to work as money?
Keep in mind this is a finite asset that nobody can create more of
94% of the total 21,000,000 supply is held by only 1%-5% of the world
The 95%-99% who haven't figured it out yet will have to convince the holders to convert their Bitcoin to USD
WHAT IF THE HOLDERS DON'T WANT TO SELL?
How high can the price go?
Over time, more and more people are figuring out that they don't want to hold US dollars
Saving in US Dollars is a death sentence for your wealth over the long term
Today, most people buy houses and stocks to protect their wealth from USD debasement
Then they switch from stocks and real estate to USD when they want to spend their savings
YOU DON'T NEED TO CONVERT BITCOIN TO DOLLARS!
You can send Bitcoin to anyone and receive Bitcoin from anyone in the world within minutes
The US government seems to be coming after holders of legacy assets with the potential of an unrealized capital gains tax
Holders of legacy assets have no choice but to comply, because they can't use stocks and real estate as a medium of exchange
You must convert legacy assets into USD at some point
The billionaires of the world didn't become billionaires by giving handouts to the government
And they're not going to like paying more taxes than they need to
This is where Bitcoin comes in:
Nobody can take your Bitcoin unless you give it to them willingly
Governments can't stop you from using your Bitcoin unless you give them your private keys

2024-09-04 04:09:16

In 30 years $1,000,000 will be worth:
$552,000 at 2% inflation
$412,000 at 3% inflation
$308,000 at 4% inflation
$231,000 at 5% inflation
#Bitcoin fixes this.

2024-09-04 04:07:20

Bitcoin at $60,000 today is 4-6x less volatile than it was in 2021.
$60,000 is no longer a blow-off top level dominated by speculators, it is a consolidation zone where long-term, mature holders accumulate and HODL.
Cycle after cycle, new floors are set.
$60k is the new $20k.

2024-09-03 12:18:33

Credit, Cole Walmsley:
Let’s do some math.
I just played poker for two hours.
I profited $1,909.
I am choosing to save all of my winnings in Bitcoin.
Let’s be conservative and say that in 10 years, Bitcoin will have surpassed gold’s market cap, which would be a 15x on Bitcoin’s current price.
That would make my $1,909 turn into $28,635.
But that’s not the important thing to note.
Money, bitcoin, dollars… none of these are our most precious asset.
Our most precious asset is time.
My hourly win rate for this session of poker was $954.50. Two hours at $954.50 an hour equals $1,909.
In 10 years, due to Bitcoin’s value appreciation, my poker winnings are worth $28,635.
At the same hourly rate of $954.50, that would be like I spent 30 hours sitting at the poker table.
But I didn’t. I played for two hours.
By saving my winnings in Bitcoin, I’ve granted myself an extra 28 hours that I *don’t have to work* to make my hourly rate of money.
Do you understand how significant that is?
By saving my money in Bitcoin, I have given myself more time. Time that I don’t have to spend slaving away to make money, time that I can choose to spend with my family, my friends, pursuing my true curiosities, and more.
Think about it. By choosing to save in Bitcoin, I am making more money (increasing my purchasing power) without having to work or spend time making money. Instead of worrying about having to spend my time to make money, I can freely choose to spend my time where I’d like, while I’m still increasing my purchasing power.
This is Bitcoin.
And that is just one poker session. What about all of the other days where I make money and save it in Bitcoin?
The implications of this on an individual level are massive, but they are simply unimaginable on a global level.
What if everyone on Earth was granted more time? What if we didn’t have to work more and more and more to keep up with an increasing cost of living? What if we could work less and less and less to comfortably pay off a more affordable cost of living?
Compare this to the U.S. Dollar (and all other inflationary political currencies).
The U.S. Dollar has *lost* ~7% of its value every year since 1971.
If I choose to store my $1,909 of poker winnings in dollars, I would lose half of my purchasing power in 10 years. (Rule of 72, which states that to see how long it would take to lose half of your value, take the percentage of annual loss (7%) and divide 72 by that number. 72 divided by 7 is roughly 10.)
By choosing to store my winnings in dollars, my value has gone from $1,909 to $954.50... as if I only spent one hour at the poker table.
But I spent two hours at the table at a $954.50 an hour rate, so I should have at least $1,909.
That’s the thing.
Because I chose to save in dollars, my value has been stolen, but more importantly, my TIME has been stolen.
Now I have to work an extra hour at that same $954.50 rate just to make back my money.
Do you understand how insane that is?
Imagine working an entire year and saving all of your earnings in dollars. 40 hours a week for 50 weeks. 2,000 hours at $20 an hour for a total of $40,000. You keep it in dollars for 10 years, it inflates away, half of the money's value disappears and 1,000 hours of time are stolen from you. That is 42 days taken from you.
Imagine doing this for 10 years. That would 420 days of work stolen from you - over an entire year. That's as if you worked every single day for a year and didn't get paid a dime.
And you wonder why the world is so broken.
Consider the person that bought Bitcoin 10 years ago. Their purchasing power has gone up tremendously (a 483x, to be exact). Now, they don’t have to worry as much about working to make money. Bitcoin has done the work for them.
That is what money is supposed to do. While the world’s productivity increases (we make better things more efficiently) over time, our money should increase in value as a result of that global productivity increase.
Bitcoin is the reflection of that. Bitcoin is the index for global productivity.
It makes no logical sense that we should have to be working *more* just to live our lives while productivity increases. But this is what inflation does. This is what political fiat currencies do. They steal your value. They steal your time. Humanity suffers as a result.
Bitcoin cannot be inflated past 21 million bitcoins. That’s the whole point. That’s the core reason it is the greatest savings technology in the world.
Don’t take it from me, take it from the market. Has there been any better place to store your money for the last 10 years than Bitcoin?
There’s you in 2034 wishing you had saved your money in Bitcoin in 2024.
Yet you’re here in 2024 with the opportunity right in front of you.
The moment you start saving in Bitcoin is the moment you start freeing your time. The quicker you understand that (and act on it), the quicker your time will be freed.
That’s the coolest thing that often gets overlooked with Bitcoin. The increase in purchasing power is great, but there is nothing greater than having our time free to spend as we truly please.
Just remember that.
Bitcoin is time.

2024-09-01 20:20:09

Capitalization of gold: 17T
Capitalization of real estate: 379 trillion
Global equity market cap: 115 trillion
Bitcoin market cap: 1 trillion
With global liquidity increasing, negative catalyst decreasing, huge buyers joining, bitcoin is the clear winner for asymmetrical bet.

2024-08-22 01:12:41

2.1 quadrillion sats.