8r0ck3feller
8R0ck3feller

#bitcoin, energy, & finance

scarcity requires trade-offs.

Public Key

npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcm

Profile Code

nprofile1qqst6l33qf3eul9rf8hj0c3pphmdqfjcuqv6y2kxtyuutcddenjahzqpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqg5waehxw309aex2mrp0yhxgctdw4eju6t0hfsl02

Publishing to

relay.nostr.band

relay.damus.io

Author Public Key

npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcm

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Last Notes

2024-11-14 22:29:18

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Thanks! Any specific model you’ve got experience with?

2024-11-14 21:28:31

I am in need of a new mattress. Am planning to spend on a luxurious model so I feel rejuvenated every morning when I wake up…amortize the cost and benefit over the next 8 years, and this purchase is worth some bitcoin. But I don’t want to get it wrong.
We have a memory foam firm (high quality) mattress now. I never liked it.
I like softer mattresses, my wife likes more firm. Open to both or the models that can split. California King or King.
#asknostr

2024-11-12 17:32:12

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I needed a break. Yesterday was too much winning.

2024-11-12 15:52:05

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Depends on the timing of the options contracts on ETFs … that should unlock a TON of bull side action from the institutions. I just think we get an entirely new type of demand this cycle. Sticky, price agnostic, buy and hodl for 5-10+ years bitcoiners.
Like us, but larger and clumsier.

2024-11-07 16:40:22

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I don’t disagree. But we have this window where the recently elected leaders of the state can align themselves with freedom and sovereignty by embracing bitcoin and the result will weaken the influence of a more antagonistic state in the future.
We have an opportunity to enact real change within the institutions as they exist. I’d like to make the most of this opening.

2024-11-07 15:50:02

Everything bitcoiners want to happen within the Trump administration, needs to happen in the first 2 years.
This is the moment where “the state” can help bitcoin and align itself with freedom tech and culture.
If it doesn’t happen within Trump’s 2-year mandate, we’re gonna be fighting the state for years to come.

2024-11-02 23:36:13

https://getyarn.io/yarn-clip/a87bd9f1-c871-4527-8c15-fbbcecf080ab#ZmcJCnB0.copy

2024-10-28 14:51:07

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That’s without the institutions. Once they show up, there will be a serious step change.

2024-10-25 12:10:13

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Barring catastrophe, I’d expect a return to ~5-10% YoY … not the 20+% we had during covid.

2024-10-23 16:04:07

Remember the euphoria.
https://youtu.be/dJUrK1ghZic

2024-10-21 21:20:16

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My personal (over)reaction is because I could see MSTR being a coordinated rug this upcoming cycle.
I’d like to avoid a premature bear market, please. It’d be nice to stretch my legs a bit.

2024-10-19 12:19:49

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Small, decentralized flows of information are most relevant for small, local communities.
Large, bulk information flow (like the stuff shared on @npub10ut…xdlq for example) can be done efficiently through large, central channels.
Good to have the flexibility for both … network effects are critical for smaller information flows.

2024-10-19 12:01:20

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So they didn’t clear, though? @npub1qny…95gx is still right?

2024-10-19 02:25:53

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If you don’t, don’t … Sweetness … Polaris -Jimmy Eat World
Wave on Wave - Pat Green
Trap Queen - Fetty Wap
#41 … Gray Street - DMB
Big Country - Bella Fleck and the Flecktones
Wagon Wheel - Old Crow Medicine show
Bonfire - Childish Gambino
Blank Space - T Swift
Over my Head (Cable Car) & How to Save a Life - The Fray
Round Here - Counting Crows

2024-10-18 13:44:58

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If NGU, no one will fail to pass it down. And self-interest will ensure the best practices are passed down. No one who is 100% in bitcoin is going to be 100% in ETFs or have coins custodied on exchanges. Or not running a node. Or not running a few bitaxes.
Lindy tech perpetuates itself.
📈🔥🚀

2024-10-18 13:00:38

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re: self custody…You have Burnett and Saylor going on the OnRamp podcast saying self custody isn’t practical as bitcoin the asset scales due to transaction fees.

2024-10-18 09:07:52

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Pardon or commute the sentence of* both should qualify. Free Ross.

2024-10-18 03:20:35

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Either
(1) Taxes are theft
Or
(2) Taxes are legitimate and should be levied fairly
This somehow is neither. This is politicized monetary policy. A pass for me.

2024-10-15 02:40:51

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Yeah, I’m kinda of the mind that if they were not there for me in the bear - and they know how hard it was for me in the bear - don’t come looking for me to teach you when it finally pays off. But maybe I’ll lighten up when it comes time. 🤷‍♂️

2024-10-14 00:37:04

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His interview with Saife was so cringe it brought out the conspiracy antennae.

2024-10-10 13:12:39

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“Show me the bitcoin!!”

2024-10-10 12:54:24

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I’m not sure that we’re in a healthy credit issuance market. Nor have we been in one for the last 4 years. All the while bitcoin has grinded to ATHs. Let’s see what happens when they make loans available and affordable again … if I could lever up fiat debt on a real estate transaction … smash buy some btc and use the cashflow to DCA more btc, I would.

2024-10-10 10:17:34

The popular “both Bitcoin and the dollar can coexist” narrative making the rounds on podcasts the last couple weeks is weak.
The market isn’t stupid. If given the opportunity to own bitcoin or USD, they’re gonna own bitcoin. If the market owns bitcoin then they won’t own US Treasuries. If they don’t own US Treasuries then the Fed will have to buy up ALL the US treasuries. If the Fed is buying ALL the US Treasuries then the private rate for debt will be much much higher than it already is…and asset values typically propped up by with credit will plummet.
From a first principles basis, there is no way a credit based fiat system can “coexist” with bitcoin. Bitcoin obsoletes the current super cheap credit-based monetary system.
It’s uncomfortable and inconvenient - yes - but that is why bitcoin will ultimately be so valuable.

2024-10-10 00:50:05

Tick tock, next block. #note18q9…4u2q

2024-10-09 21:32:24

Been looking forward to this. Need it this week. 🙌🏼 #note1rmy…f7z9

2024-10-09 19:20:37

$58k
https://media0.giphy.com/media/l0ErE1dZ1yKMBZwiY/giphy.gif

2024-10-09 18:46:12

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So $100M+ purchasing power?

2024-10-09 18:30:54

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Do we have proof MSTR has the coins on their disclosures custodied?
The interview with Saife made no sense…lacked intellectual consistency and was irrational & emotional.

2024-10-09 18:14:01

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Something has to give. Feels like something has to give. And soon. Either we’re heading lower or we’re gonna pop.
This sideways crab is no longer “natural market dynamics.”

2024-10-09 16:41:10

“…bUt He WeNt On WiTh TuCkEr!” #note19p2…vmn9

2024-10-09 15:02:20

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“Show me the incentive and I’ll show you the outcome.”
The political world understands it needs to get their arms around this industry before the next hyperbolic move upward excites the public and makes it harder for them to act.
The powerful of the fiat world now understand (enough) and are working diligently to “regulate” the bitcoin market and/or integrate bitcoin into the legacy financial systems.
Can their actions suppress the price for months? Can they blunt the halving impacts indefinitely? If they can’t suppress price indefinitely, what disruptions will be caused by the eventual price rip?

2024-10-09 14:54:24

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I just don’t believe that the retail / OG sell-side pressure is enough to offset MicroStrategy, ETF, halving-reduction impact.
Bitcoin absorbed 50k Bitcoin incremental sell side pressure from Germany over two weeks. There is no way this is a steady state supply / demand balance in the spot markets.
No one will be able to convince me otherwise without specific, data driven insights.

2024-10-09 13:17:04

MicroStrategy claims to be buying 30% of bitcoins produced at today’s conversion rate. ETFs are buying multiple days’ production regularly. Plebs continue to stack.
Where is the supply shock? Something isn’t adding up.
https://media3.giphy.com/media/gxbjpv89WDPcQ2dNLR/giphy.gif

2024-10-09 12:49:11

GM!

2024-10-08 17:38:40

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The mathematical definition should be used over google’s definition.
https://www.media4math.com/sites/default/files/library_asset/images/Definition--GeometryBasics--Square.png

2024-10-08 17:30:52

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*interior 90 degree angles.

2024-10-08 16:10:38

Truth. #note1mnm…fmej

2024-10-07 15:18:01

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4 years of Trump and a bitcoin standard will be right around the corner.

2024-10-07 14:29:16

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Stoic mindset. What do I need? Cut out all the other superfluous bullshit.

2024-10-07 14:02:58

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I hear ya.

2024-10-07 03:02:04

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What’s the Ten31 view on business models for real (tangible) assets under a bitcoin standard?
Discounting at 50-65% means pretty much every single physical asset (real estate, energy, manufacturing, etc.) out there is mispriced relative to bitcoin.
How is the bitcoin community fixing that? I’m not a developer but I’m a bitcoin maxi … besides hodling bitcoin forever and spending only as necessary, how do I build a career / profession by buying oil fields, high rises, golf courses, etc. with my stack?
I’m sure other bitcoiners have this dynamic, too.

2024-10-07 00:30:19

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Some of my worst nightmares are literally these videos.

2024-10-06 13:33:09

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Products and services are worth their marginal cost to maintain. For online content, that “value” effectively free on a per view basis. Deflation in action.
We should be celebrating that most of the noise on the internet is deemed to be worthless. It will filter that worthless stuff out while promoting really amazing content.

2024-10-06 03:43:50

The quiet part said aloud…love it when this happens. Especially when someone of Hillary Clinton’s reputation and prestige says the quiet part aloud. This is how we know we are winning. #note1w00…32ec

2024-10-04 13:14:40

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What happens if we haven’t cured inflation? Employment is high, real inflation is 7%+ and central banks are cutting rates to make debt more affordable in order to protect asset prices (cascading concerns).
That scenario doesn’t sound good but seems like it is playing out. Might not be a “recession” but isn’t that what is happening?

2024-10-02 15:30:16

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I think we just have the announced totals from their disclosures. And fudging those disclosures is against the law. So we assume they’re accurate.
Could be wrong but I think that’s the case. Also, I’m not saying it is what is suppressing the price let alone suggesting it is happening…just pointing it out as a trust gap and an example of ways the price could be suppressed.

2024-10-02 14:06:07

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Are there addresses we can go verify?

2024-10-02 13:34:27

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Where ‘s the “proof”? You’re pointing to reputations as validation.

2024-10-02 13:25:19

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Wild take: Do we have proof Saylor actually owns MSTR coins and they’re in custody without fractional reserving? Or is it just because of podcast appearances and very public paper disclosures under threat of prosecution that we trust him?

2024-10-02 13:20:59

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Yes - agreed - but it does behoove the bitcoin community to know who and how.

2024-10-02 12:02:24

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Hashrate took off the last couple days. Wonder what happened.

2024-10-01 18:43:23

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💯

2024-10-01 18:34:04

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👍🏼👍🏼 People will always organize themselves into groups.

2024-10-01 14:15:42

The current price of encrypted energy is ~$0.06/kw …

2024-09-30 14:27:37

Who is selling their bitcoins? MicroStrategy is buying 30%+ of the newly minted supply.

2024-09-28 16:11:14

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4-8 years?

2024-09-28 01:19:01

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https://media3.giphy.com/media/oJuQOH0sxewWMMjJnQ/giphy.gif

2024-09-27 19:29:27

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6 months of sideways / negative chop should build some resilience to support a 50% upward move. Let’s touch $110k fast(ish) and then pull back to $80k. Class of 2021 has had enough with this “patience” … bring on some of these face melting pump we’ve heard so much about these last few years.
📈🔥🚀

2024-09-27 15:48:48

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$100k by Halloween 11:59p Salem time.

2024-09-27 15:47:47

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There will be some volatility, for sure, but in the long-run, yes.

2024-09-27 04:30:28

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💯

2024-09-26 22:21:38

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**Chevron ruling** this won’t stand.

2024-09-25 18:10:17

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lol … amazing tone! Literally lol’d . I know exactly how you’re feeling!

2024-09-25 12:08:25

**Bitcoin class of 2021 not represented here. #note1zrv…ej5k

2024-09-25 11:16:31

CLIMATE ACTION IS COMMUNISM.
COMMUNISM IS EVIL. #note1vem…8p4f

2024-09-24 16:52:40

Next stop: 69,420 … 🎯

2024-09-24 14:47:59

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I got claustrophobic just watching the virtual tour. 😂

2024-09-24 12:45:30

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Yeah, it’s because class of 2021 is still waiting for the validation that the aggressive allocation for the last 3-4 years was worth it.
Every other bitcoiner class has gotten that windfall experience…where they’re free and clear of their cost basis by an order of magnitude (or more).
We’re about 6 months post halving…class of 2021 should be a lot less anxious after the rip.
Other hobbies? Golf. That’s about it.

2024-09-24 01:58:16

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I don’t think that is accurate. A lot of rich people who had gold reserves collateralized their gold for bank loans which were in turn invested in “guaranteed” priority debt claims on projects … which also included yields on projects.
Debt (priority) claims are very attractive for numerous reason on a sound money standard.

2024-09-24 01:45:36

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I disagree. Because (modern) equity requires governance control. Most modern “entrepreneurs” are cucked by their equity investors. Public and private and venture equity…they all control the entrepreneur.
A good entrepreneur worth a damn won’t part with the equity. Which means most entrepreneurs will seek debt funding (priority claims) vs. giving up control and upside of their ventures.

2024-09-24 01:32:36

I’ve very curious to see when there will be another major fiat event and what it will be. It has been awhile since the March 2023 bank failures. Feels like we’re due.

2024-09-24 01:19:10

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🫂

2024-09-23 01:36:18

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How is he wrong?
Debt is a priority claim on an asset. If the cost of capital is 20%+ on a bitcoin standard, there will be a helluva less debt and more equity funding of assets & companies.
Bitcoin doesn’t end debt but it dramatically reduces the incentive to fund via debt vs. equity.

2024-09-21 01:11:53

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Extremely spicy Mexican food. Started out manageable and escalated quickly. I got a little cocky, TBH.

2024-09-21 00:50:09

I ate too much tonight. AMA.

2024-09-20 11:05:37

No more dumps. #note13vz…rccf

2024-09-20 10:53:27

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“Institutional-grade” fiat only lasts so long under a bitcoin standard.

2024-09-20 03:08:02

Up only?

2024-09-20 02:41:51

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RHR was a good rip today @npub1qny…95gx @npub1guh…6hjy

2024-09-20 02:17:44

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It’s a real world NFT?

2024-09-20 02:07:59

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Did the dude who bought the notepad donate it to pubkey?

2024-09-19 21:46:18

Let’s play. Can’t wait to see this “policy” play out. #note1wlh…gclk

2024-09-19 18:02:14

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https://media3.giphy.com/media/kykHkvvMiO7KcznFZB/giphy.gif

2024-09-19 14:46:44

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He’s probably defending the position the banks are trying to take when they enter the game. Their model is to take deposits and offer yield. That’s what they do. Obviously bitcoin will humble them BUT the fact that they’re considering legitimizing bitcoin into the legacy system and the legacy institutions is huge.
I’m sure a lot of Saylor’s time is spent orange-pilling his peers. And I’m sure he has heard from banks that they have to take deposits and offer yield. Banks are walking an incredibly fine line.
They’ll be humbled by bitcoin the asset and the protocol, no doubt, but they can’t jump into the business model of bitcoin with a reckless cannonball … it’ll destroy their legacy business model. They have boards, shareholders, and customers to consider.
Unless you say everyone in the legacy system is evil and actively trying to ruin the lives of everyone … in which case …

2024-09-19 14:22:04

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I’d say pragmatic. At the end of the day, the hardest money wins. There are gonna be a lot of powerful interests impacted by that transition. He doesn’t need to (and probably doesn’t want to) make enemies. He’ll leave that to the @npub1gdu…6nak of the world. They have less to lose (and don’t have a fiduciary obligation to publicly traded shareholders).

2024-09-19 01:58:17

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Yes, about 6 weeks ago. Totally free ballin’ here on NOSTR

2024-09-19 01:14:53

Hong Kong & Singapore got into the office and said “stop this bullishness…”

2024-09-19 00:53:26

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Seriously, what happened to Primal. Absolute implosion of an experience for me. Was working fine until last weekend…now entirely unusable/frozen.

2024-09-19 00:30:16

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I think any macroeconomic calamity will be similar to the regional bank crisis in March ‘23 … bitcoin will be utilized as a safe haven.
We may have crossed the rubicon … they held their line as long as they could. As soon as they start buying treasuries because the auctions suck it’s gonna be bangin’
🤙🏼😛💪🏼

2024-09-19 00:19:32

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If he focuses too much on bitcoin, they might not miss next time.

2024-09-18 23:53:21

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Try Shiner if you haven’t already. Like Yuengling but better.

2024-09-18 23:29:58

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https://tenor.com/bAxwV.gif

2024-09-18 15:46:59

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Is it the other way around. You’d want to buy MSTR when BTC/MSTR is higher?

2024-09-18 12:18:16

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Lazard junior banker at 8:30p: “I might get home at a decent hour!”
Lazard MD: “Imma gonna need you to run another 10 cases of economic forecasting just in case the client asks for one of the after the fancy lunch tomorrow.”
Lazard Senior banker (reply all): “Absolutely!”
Lazard senior banker to junior banker: “I’ll need to see these cases and 30 more along with your commentary in a ppt in my inbox first thing tomorrow morning.”

2024-09-18 12:03:17

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Don’t do it. HODL. Buy on your terms in 2026 after you cash some out near the blow-off top

2024-09-18 11:31:19

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Show me the incentives and I’ll tell you the outcome…

2024-09-18 11:21:29

🤡🌎 insisting everything is fine behind the curtain.
“The incentive isn’t to suppress the price, no. You bitcoiners are just a bunch of paranoid silly geese. Sheesh.”
https://stocks.apple.com/AJhtd4RndQ0W7_SfKHncnfw

2024-09-18 03:15:58

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And … he’s gone…
https://tenor.com/rnRp.gif

2024-09-18 02:49:24

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This is a really cool development. Thanks for putting some context into this note. If Primal wasn’t locked up for me right now, I’d zap you from my zapping account.
🤙🏼

2024-09-18 02:23:52

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Holy shit. 🤯