BoomTown

How humbling it must be to be a fiat billionaire, recognize Bitcoin for what it is, and not be able to control the price action.
Unless you’re Trump and Lutnick…then you fucking control it. What the fuck are you doing?
Puhmp it.

2025-05-04 02:49:17

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When bull market @npub1qny…95gx ? Class of ‘21 wants to know.

2025-05-04 01:03:20

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100%

2025-05-03 17:49:05

Where is the puhmp!?
#note17my…j573

2025-05-03 14:32:30

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FTX suppressed price and adoption. That showed up in court filings. The Bitcoin market is 100% being manipulated. Last cycle it was FTX, Celsius, etc. … this cycle it is Coinbase, Binance, etc.
Adoption of a digital technology is not the same as mechanical, supply chain heavy technology.
I think you’re a spook.

2025-05-03 14:09:37

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That’s a simp take. All networks grow exponentially. Power law was the response to S2F … power law is for simps and spooks.

2025-05-03 13:57:04

Can we go back to worrying about NGU … ?
Im annoyed AF right now. 100+ days since the ATH and even that was kinda late and pathetic based on historical standards.
Exponential means exponential. Not linear. Not diminishing returns.

2025-05-02 02:41:08

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I would like more of a bump in purchasing power before I *really* start spending mine, though.

2025-04-30 05:57:33

@npub1guh…6hjy left the door open to “supercycle” on last week’s @npub10ut…xdlq … we’re not humble enough, yet.

2025-04-27 15:26:27

We can’t hate the communists enough.
#note160j…03qq

2025-04-25 13:44:31

@npub1rtl…jtfs 😏
#note1xkt…55ez

2025-04-25 02:47:50

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Nah, there will always be value to territories with claims over resources - energy and assets. There will always be government and it is reasonable to expect that the United States will continue on for decades to come. The fact that the United States is getting onboard with (maybe even embracing) bitcoin means that they will be best positioned to navigate the transition. And as Bitcoin is still in its infancy for medium of exchange, the USD will still be used to settle commerce in the short to medium term (10+ years).
Bitcoiners can’t keep others from using bitcoin and bitcoin being integrated into legacy systems and institutions. Bitcoin wins in the end and the dollar will be stronger for the USA embracing Bitcoin than it would without the government’s support.

2025-04-24 02:50:24

WTF will keep this bull run from fully manifesting in the next 3 months? … like full on, face melting upside price action. If we are winning then the class of 2021 needs to experience their windfall moment.

2025-04-23 01:48:54

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Fuck me.

2025-04-22 02:23:47

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Yeah, I mean everyone is acting like we’re not 20%+ off the ATH … let’s talk “decoupling” when bitty is pumping to $175k and stocks are flat to down.

2025-04-22 01:10:52

Again, this guy is good.
#note1py7…ldmh

2025-04-21 21:48:31

This guy is good.
#note1qzx…y80j

2025-04-18 03:13:11

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Sure but do it on a mineral / agricultural GDP basis … service economies are about to go belly up.

2025-04-18 03:12:01

At a dinner tonight, the US Treasury market came up. I characterized last week as a collapse that required Trump to fold his hand.
An old wealthy real estate guy, balls deep in a real estate PE vehemently disagreed with me, saying that the treasury market was fine and that “he checks it 10 times a day” he would know … unrelenting, I pulled up the Apple stocks app 10-year US treasury chart and showed him that it collapsed between April 7-April 9 which coincided with Trump blinking on his tariff strategy … he quickly changed the subject to something totally unrelated with the other 3 guys in the group. After about 5 minutes, I asked if we could revisit the treasury market discussion. He aggressively embraced my upper arm a couple times, looked away and proclaimed that “he wasn’t going there again” and then walked off to “get another drink.”
We’re winning and they know it.

2025-04-14 22:10:16

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Higher (blow-off) top in 2021 … institutions driving price up more (higher low, etc.) … supercycles … etc.

2025-04-14 22:07:34

The influencer class was 100% wrong about the bitcoin market since spring 2021 yet they persist.

2025-04-14 20:20:21

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Rough go for them recently. Props to those still churning out hashrate.

2025-04-14 18:17:08

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Come on …

2025-04-14 17:35:46

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And maybe a government asset

2025-04-14 16:41:06

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I notice that the price action talk on podcasts has effectively stopped. All the bitcoin influencers / podcasters are going into their shells and putting their head in the sand. Hate that they’re ignoring the 800 lb gorilla in the room.

2025-04-14 16:39:24

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We’ve had more patience with less benefit than everyone who entered bitcoin before 2021.

2025-04-14 16:15:51

Tax day makes me loath government even more.
#note1hgq…4s8c

2025-04-14 15:46:27

Was this David Bailey? #longyourlongs
Jan 18, 2025
#note1q29…9wj4

2025-04-14 15:46:16

Was this David Bailey? #longyourlongs
Jan 18, 2025
#note1hl3…lr5v

2025-04-14 15:45:54

Was this David Bailey? #longyourlongs
Jan 18, 2025
#note1d9t…5zdk

2025-04-14 15:45:40

Was this David Bailey? #longyourlongs
Jan 18, 2025
#note1f6v…jtlk

2025-04-14 15:44:15

Was this David Bailey? #longyourlongs
Jan 18, 2025
#note1hat…wa9z

2025-04-14 15:42:16

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Man, those of us who went all in starting in 2021 are getting boned on a relative basis. Sucks.

2025-04-14 14:12:25

Miners are getting just absolutely boned right now.

2025-04-07 07:37:23

The last, great shakeout for class of 2021 before Valhalla? 😅

2025-04-06 18:05:42

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That’s an extra level of fraud. Let’s get the first step, first.

2025-04-06 14:11:08

What did the bitcoin audit reveal? Or is it another public swing and miss by David Bailey?
@npub1qny…95gx @npub1guh…6hjy

2025-04-06 00:56:52

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In any 6102 scenario, bitcoin goes through the roof. There is no seizure and the fact that they tried to “outlaw” it would make markets appreciates it value more quickly.

2025-04-05 15:40:57

What did the Treasury audit of the bitcoin reveal? Was declared that today was the deadline to report holdings.

2025-04-04 12:47:12

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Yes. n00bs deserve huge kudos for holding through the last four years.

2025-04-03 01:44:10

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Recommend? Straight or in mixed drinks?

2025-04-03 01:43:29

Fuck to the yeah.
#note18zl…ay0k

2025-04-03 01:31:04

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What is the y-axis?

2025-04-02 06:16:53

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I’d say that doesn’t make any sense.

2025-04-02 03:16:54

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$85k purchasing power 12-months after the halving did that. I’m not spending any of my stack right now. Carrying credit card debt.
Why spend when you have legit bitcoiners calling for $250k to $475k purchasing power by Halloween 2025?

2025-04-01 19:57:21

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https://tenor.com/view/michael-jordan-gif-21585853

2025-04-01 16:36:52

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Time, maybe.

2025-04-01 15:26:56

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I strongly disagree. If they make enough good business moves and have enough time, they can accumulate more capital via the investment of newly accumulated capital than the larger miner.
Especially if the larger miner is destroying capital value through inefficient allocation.

2025-04-01 15:13:49

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Compounding on 1 btc vs. 100 btc vs. 100,000 btc is always going to reward / punish the biggest capital allocation. That’s just math. Can’t be bitter that some people have more than us. I’d bet on barefoot mining ahead of Riot and/or Marathon and/or Hut8 … and the at home miner can outperform them all depending on their use case and source of energy.
There is no such thing as fair. Focus on return on capital. Allocation of capital is work. Mining is 100% proof of work … appreciate you are trying to be contrarian with a new take. I just 100% disagree with your qualm. It isn’t with bitcoin mining, it’s with the current distribution of capital.

2025-04-01 14:37:08

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That’s not true — scale can kill you in bitcoin mining. There are not many “pockets” of free energy that are 1 GW … someone who heats their home in Alaska might outcompete Riot on a profitability standpoint.
Capital grows. So starting with capital is better than not starting with capital. But that’s just a fact of private property, there will never be a “fair” allocation of capital that doesn’t benefit incumbents.
But bitcoin mining is as ruthlessly competitive of a business as there is. Negative returns on capital compound, too.

2025-04-01 13:24:11

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The first miner took more risk than the second miner. If the bitcoin price went down (or stagnates) and the first bitcoin miner’s PPA is or becomes uncompetitive then the second miner actually has the advantage.

2025-03-31 20:34:34

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Does it though? I doubt it. Want to prove me wrong? Show us the bitcoin addresses.

2025-03-29 02:59:29

When does hashrate drop? Lots of miners running at a loss?

2025-03-26 10:57:05

Class of 2021 is the hardest class. Longest bear market, no blow-off top, bear draw down below prior ATH, absolute shit 2025 bull market.
I’m saltier than everyone else because the data says I should be.
#note15pq…sq77

2025-03-21 14:24:58

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Thanks for the troll. It is a serious question about the timeline for the bills progressing in the United States Congress. Is it spring? Summer? Fall? Next year?

2025-03-21 12:57:43

What’s the expected timeline for the bitcoin legislation?

2025-03-21 10:12:59

This is more than M2 global liquidity blunting a bull market. This is the “then they fight you” stage, they’re doing it behind the scenes as to not draw attention to bitcoin the asset, and most bitcoiners seem oblivious or don’t care. Honey badgers?
#note12t0…7eha

2025-03-18 13:42:38

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You don’t endure 80% drawdowns for 9% CAGR. Thats just bad risk management. I am expecting something much more aligned with prior cycles’ performance (which is where this tit for tat started). Somewhere around $250k/BTC, minimum.
https://image.nostr.build/248bdf5ccbc2b77e73d5abeb9ecc6df9d0797361baa4e556b24d31367f84e631.jpg

2025-03-18 12:47:13

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Depends on the volume. Probably not.
2M+ bitcoin at coinbase … fluctuating their float by 100 bps to manage market volatility is very meaningful.

2025-03-17 19:35:55

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https://tenor.com/view/rage-christian-bale-gif-20211156

2025-03-15 16:55:01

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Good question!

2025-03-15 04:03:57

(sigh.)
#note1vsp…7fyr

2025-03-11 13:36:49

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Bro, I have like 800 followers. For as much time as I spend on here, it would be nice to have a little more reach.
GFYaYFFMC

2025-03-11 12:19:45

https://tenor.com/view/rage-christian-bale-gif-20211156 #note15pq…sq77

2025-03-03 11:55:05

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Because I think the American system of government is the superior system to anything that is out there today. And I think sound money will force these governmental institutions into becoming more efficient. And since I believe some form of government is inevitable, I would appreciate bitcoin giving these government institutions the chance to purge and redeem themselves. Return to their original intent. Worst case scenario is that the United States government (local, state, and federal) is too far gone and bitcoin forces a reboot, restructuring, implosion from within…so both government haters and proud (yet disappointed) Americans should be embracing the SBR.
Bitcoin is going to force accountability, one way or the other.

2025-02-25 19:00:42

Chat GPT says that upon a bitcoin SBR announcement, bitcoin is $200k+ overnight… #note1c60…t6qr

2025-02-22 13:58:20

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It reminds me of the time Odell told me I was a fucking idiot for telling him that he had to get off Twitter since Elon made blue checks free to accounts with reach…and he was intellectually inconsistent. He was off Twitter within a week.
You’re being nicer about it. I know the truth is inconvenient but you know I’m right. It is an intellectual inconsistency you’re living with - we all do it to a degree; I mean - shoot! - it is the way you and the rest of the Ten31 team get paid to be working in bitcoin.
I’d be lying if I said I wasn’t jealous. Bitcoin VC seems like it’d be an awesome gig. I wish I could have the best of both worlds like y’all do. Frfr
Fiat world lives on … I’m gonna stay humble and stack sats about it. Congrats on the VC gig…

2025-02-21 14:12:18

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Yes … and their investment in Ten31 and the Ten31 portfolio companies (and the management fees Ten31 charges) will under perform bitcoin.
Bitcoin destroys the VC fund model. VC funds are the centralization of capital with the intent to have a trusted group allocate that capital. Bitcoin will replace VC funds with private syndicates raising specific equity targets.
Look, I support Ten31 and what you’re trying to do … but let’s not pretend that it’s not going to clearly underperform Bitcoin. It’s a shitcoin for investors, but some whale Bitcoin investors might get behind the thesis that more Bitcoin companies will lead to faster and sticker widespread Bitcoin adoption and pump their Bitcoin bags. I don’t.
Stay humble and stack sats about it.

2025-02-20 02:35:32

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Your LPs should just buy bitcoin. There is no world where Ten31 (as a complete portfolio) outperforms Bitcoin over 5 years. No chance.

2025-02-18 19:23:08

Bro … give maxi class of 2021 some empathy … waiting for that first sweet windfall. #note1zrw…6kq5

2025-02-18 18:52:03

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Ten31 is a shitcoin

2025-02-18 16:32:20

100% this …
Even in their success case, tech bros and finance bros aren’t ready for the utility type returns. And that’s IF the regulatory world can protect it like utility infrastructure.
If open source wins then it’ll be akin to the shale revolution. Lowest cost producer wins…lots of bankruptcies. #note1k90…x3ew

2025-02-18 12:39:19

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Slightly different bot … cycle low vs. halving tracker.

2025-02-18 08:34:03

It’s been a month since David Bailey advocated levered leverage. The price is down since that advice. #note1rhl…2guv

2025-02-17 17:23:06

Make it a bot!! #note1tp7…q4aq

2025-02-15 20:41:54

I wonder if DOGE can figure out who is funding Drudgereport…the tone is incredibly provactive towards Trump and his agenda. Feels like the neocon lobbyists have the purse strings on drudge

2025-02-15 19:58:54

Looks at how the institutional traders are suppressing Bitcoin volatility. Think they can do this forever?

2025-02-15 19:50:41

Power law implicitly assumes slower adoption going forward. It is a stupid assumption that doesn’t hold to logic.
As water approaches the drain it goes faster, not slower. A vortex only grows. #note1ug4…g3rt

2025-02-15 19:42:57

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The power law model is a psyop to keep normies from becoming maxis. Very disappointing to see how much play it is getting this cycle.

2025-02-15 11:48:09

Well … $200k by Valentine’s Day turned out not to be a thing.

2025-02-14 23:10:36

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https://www.theguardian.com/us-news/2025/feb/14/jd-vance-stuns-munich-conference-with-blistering-attack-on-europes-leaders

2025-02-13 23:15:08

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Most people want an experience similar to what they have in their physical wallet and online bank account.
Bitcoin’s UX still sucks. Im not a complete idiot and I can keep track of all these different products providing different services. Which ones can I trust? Which ones are used where?
Just like in VC enabled Web3…there are far too many options and none of them make life “easier”

2025-02-13 14:38:40

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Gonna have to get the network effects that Facebook, Twitter, WhatsApp, LinkedIn have achieved in order to really unlock the “value” of social media.
I have good friends who are huge bitcoiners, anti-government, “sovereign” who are still off NOSTR and on Twitter because the content (network effect) is so much better on Twitter…regardless of the censorship/throttling.
They have a point…the GM culture over here is “cute” … but it isn’t valuable. The content over here is far inferior to Twitter.

2025-02-13 12:55:26

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Because the pools of capital that will soon be allocating to bitcoin are much larger than the pools of capital that were allocating to the retail rips. Also, those pools of capital will not be trading, they will be holding (per mandates) for 5-10 years.
Also, the legitimization of the asset that comes from traditional institutions participating.
Finally, the absolute scarcity and Bitcoin hodlers inclination to hodl the majority of their stack, whatever the price.

2025-02-13 12:43:47

(Objectively) Worst. Bull. Run. Ever. #note1644…ma9m

2025-02-11 01:45:29

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Since when is a bitcoin bull market “measured” 😂

2025-02-11 01:42:48

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You’ve been pretty bearish about this bull cycle … I think you were like $150k maybe $200k on your last round of podcasts.
Is the lengthy consolidation and the macro overlay making you question that call? Getting more bullish that we can get to $450-$500k in 2025? Higher?

2025-02-10 16:12:49

@npub1guh…6hjy is so excited for Bretton Woods 2.0 … it’s gonna be fun to listen to him as it comes to pass.

2025-02-08 03:07:35

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The biggest risk isn’t that Coinbase is fractional reserving MSTR’s coins? 🥶

2025-02-06 15:10:32

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Isn’t OTC mostly miners? Or is there a place where we can find what types of coins are trading on OTC?

2025-02-06 14:58:11

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Why aren’t we down the ETF + MSTR bitcoins?
Exchanges should be down 1M BTC off the December 2023 level…

2025-02-05 07:40:45

@npub12rz…j7ns #note1jgt…zllc