wealththeory
Wealth Theory

Optimistic

Public Key

npub1xqzdgks2kc6jccdxykr22lzs7y2ezstv98d3zsek0f8svga5j89q35ej64

NIP-05 Address

wealththeory@nostrplebs.com

Profile Code

nprofile1qqsrqpx5tg9tvdfvvxnztp4903g0z9v3g9kznkc3gvm85ncxyw6frjsppemhxue69uhkummn9ekx7mp0qyxhwumn8ghj7mn0wvhxcmmvu7rr43

Publishing to

nos.lol

relay.noswhere.com

Author Public Key

npub1xqzdgks2kc6jccdxykr22lzs7y2ezstv98d3zsek0f8svga5j89q35ej64

Show more details

Last Notes

2024-07-24 14:42:06

Is Bitcoin a State? https://image.nostr.build/65f49ce3f64a61427accb02f9b07fcf1a5cfa610526a36ba07b16c425a296073.jpg

2024-07-17 04:33:44

There will come a time when you think you’ve reached the end. That will be the beginning.
- Louis L’amour

2024-01-11 04:26:01

- reply

He might not actually. He understands it and he’s busy building things that will earn it. Don’t see why he would sit around thinking about it. He isn’t a hoarder.

2024-01-11 04:19:55

We can and should force Elon to think about Bitcoin. Bitcoin is a big driver of traffic on X, and it is relevant to every major issue on earth.

2023-11-30 14:50:07

Everything you have is meaningless if you don’t have people to share it with.

2023-11-09 13:01:52

“Grandpa just bought and held Bitcoin. He didn’t talk about it or post about it or check the price. Just bought it and worked on things he cared about and spent time with his kids like a psychopath.”

2023-11-04 04:23:33

"The price of greatness is responsibility."
- Winston Churchill

2023-10-23 15:25:51

- reply

Barstool

2023-10-23 14:48:31

My new hat is a flex 😁 https://image.nostr.build/b31085ca20b71de6fa1a9ffc99245cd031e45fcf0def832d35e7c0da8575523a.jpg

2023-10-18 15:04:14

https://image.nostr.build/bf6116ce6ca09e2dcdbebf5f0b94a8b2167b0b8094c95f454a985fce8cf0ae58.jpg

2023-09-20 00:14:17

5 minutes of Northern Ontario sunset filmed by hand on an iPhone 6 (which was a feat of endurance).

2023-08-02 03:26:20

"Democratic governments border on anarchy, monarchy on despotism. Anarchy is powerless; despotism can do great things"
- Napoleon

2023-07-13 00:55:31

Testing Primal 👌

2023-06-29 14:43:44

😁 #note17lu…yg5n

2023-06-22 18:57:11

$CORZQ #note1m7g…petx

2023-06-22 01:58:56

🟣🟠

2023-05-26 11:01:06

https://nostr.build/i/9089ddb68e19b48226e6b0439f9bbc509aef82a880c34617d63c6c895b8749e1.jpg

2023-05-18 03:29:12

- reply

#[3]

2023-05-10 02:00:23

The success of Twitter is the success of free speech. If Twitter adds all these features and starts becoming essentially a tv news channel and it works well, it’s going to explode.
A privately owned everything app is extraordinarily powerful and could easily influence a currency revolution that would change the world forever.
People seem to ignore that Elon Musk has said publicly that the only significant thing he owns outside of his companies is Bitcoin. His companies all hold Bitcoin, except for Twitter. Tesla stated they would suspend accepting Bitcoin as payment until mining was a little greener.
The currencies of the world are not performing well. Inflation is real, and Musk could be tiptoeing towards a powder keg.
Dump the destabilizing force of AI into this environment..
This is a unique time in history brought on by record innovation speed in the last 50 years. People are more educated than ever. Everyday people are following the Fed.
There is a very interesting year ahead and it has the potential to be extremely lucrative for people who are paying attention.
Do other people see the world this way right now?

2023-05-05 15:59:30

Banking Crisis explained simply:
We’ve printed money into a fractionally reserved ponzi for decades. The hubris got so great that government really thought they could shutdown the economy and pay people to stay at home with printed money during Covid hysteria.
Production stopped, scarcity exposed the excess capital in the system and the consequence of counterfeit dollars chasing fewer goods is inflation.
Now the Fed in its hubris thought they could slow inflation by cranking up interest rates.
One massive problem: the banks are fractionally reserved, and the Fed is offering yields far higher than the banks can pay. This has created a withdrawal vacuum from the banks.
The smallest, most levered banks are failing first, but this problem exists in all fractionally reserved banks.
If the Fed lowers rates meaningfully it will cause inflation to run hot again. If they keep rates high they will continue sucking money from fractionally reserved banks, and those banks will need to be bailed out with printed money or all large deposits will be destroyed.
You may have heard the expression, “you cannot taper a ponzi.” This is what that looks like in real life.
Money printing is a delusional idea and it has real world consequences. It has been repeated throughout history.
See the decline of the integrity of Roman money illustrated below:
The fact that billions of working men and women must sacrifice 40+ years of their time, energy, health, and focus to gain access to fiat currencies that central banks replicate with a keystroke is theft at the largest scale humanity has ever seen.
Cheers!
https://nostr.build/i/nostr.build_53f7d2db1589da6da3b474b795f1a84e237c994c224b8afdb1501c8b0a3400b5.jpg

2023-05-02 02:35:26

RIP to my favourite, Gordon Lightfoot
There's a kind of a restless feeling and it pulls me from within.
It sets my senses reeling and my wheels begin to spin.
In the quietude of winter you can hear the wild geese cry.
And I will always love that sound until the day I die.

2023-04-30 17:18:27

https://nostr.build/i/nostr.build_8c914e69b5a5474e26096bcdf70861e77fb4a54cc16163b5840bc7d6cf898844.jpg

2023-04-26 15:19:24

Printing money debases the working class and erodes productivity while increasing the money supply.
This is the root cause of inflation.
If you’re working pay cheque to paycheque for dollars and own no assets, you’re not headed for trouble, you’re already in trouble.

2023-04-26 03:59:19

If you thought the Hunter Biden laptop could swing votes wait till you see what the prosecution of Fauci does.

2023-04-26 01:54:41

https://nostr.build/i/nostr.build_51921cdd36912d9d9ffae30955cd9e9aa7e6cfb3d6edee546f8a7c62ac9b531f.jpg

2023-04-13 21:01:39

Dads can save Bitcoin for their grandkids. How cool is that?
The long term implications of plebs raising children to be of solid character so they’ll be responsible with our Bitcoin legacy will be fascinating. 🧡🙏

2023-04-13 20:44:33

- reply

It works and the people here are aligned. It’s great energy and affirms my optimism.

2023-04-13 18:29:19

Good days start with good dads!

2023-04-11 14:20:17

POS centralizes wealth over time.
POW distributes wealth over time.
Percentage of Wealth Held by Top 1%, by Year:
- 1990: 23.5%
- 1995: 28.2%
- 2000: 27.9%
- 2002: 25.6%
- 2004: 27.4%
- 2006: 28.9%
- 2008: 28.4%
- 2010: 28.3%
- 2012: 29.6%
- 2014: 30.6%
- 2016: 31.0%
- 2018: 30.7%
- 2020: 30.7%
- 2022: 32.3%

2023-04-11 13:58:41

Update in Core Scientific Ch 11 proceedings:
Currently trading around .30. Can they emerge from bankruptcy at these Bitcoin prices?
https://cases.stretto.com/public/X217/12024/PLEADINGS/1202404112380000000008.pdf

2023-04-11 12:45:52

Bitcoin is becoming a political tool to tap generate social interest for candidates.
This is how it starts, and soon the tail will wag the dog.
🟠🟣🙏🧨

2023-04-06 03:39:22

- reply

That’s surreal

2023-04-06 01:45:27

Trump is going to town on the dollar
https://nostr.build/i/nostr.build_0738af79c3f2bc3fa39f2efc838db7272c8ad06e9d0652751df86dac6d62c66d.jpg

2023-04-05 16:13:45

- reply

Terrible.. get a tan and stay relatively lean and lift a bit. You’ll look better than that.

2023-04-05 14:41:03

Is anyone working on personal analytics for Nostr users?
I think that’s an important feature.
It’s awesome that we get to take everything that works and apply it to a better foundation. The second mouse gets the cheese.

2023-04-05 14:34:31

- reply

Where is this polling?

2023-04-05 13:14:06

- reply

Gold is where most who don’t understand Bitcoin look when they see the dollar breaking, but the conversation about the most suitable reserve currency will lead to Bitcoin.
Gold is an orange pilling machine.

2023-04-05 13:10:25

- reply

👀

2023-04-05 13:08:11

Gold is John the Baptist in this story.
Few understand this. 🟠

2023-04-05 13:03:57

They wanted to break us during Covid but they made us strong instead.

2023-04-05 12:47:35

Nostr trending 👀🟣
https://nostr.build/i/nostr.build_75a1889397d876c4836af84b9da829a70e417ce71db21c68863910d2df283226.jpg

2023-04-05 01:34:55

- reply

https://twitter.com/wealth_theory/status/1643423488458235904?s=46

2023-03-24 16:07:10

- reply

The Bible bro 🤣

2023-03-24 01:24:32

El Salvador President to eliminate all taxes on income, property, and capital gains for technology innovations.

2023-03-24 01:18:30

Is Core Scientific going to emerge from Ch 11 bankruptcy?
On Dec 14, B Riley wrote an open letter to shareholders laying out a plan for a 72 million dollar loan that could help Core avoid Ch11 bankruptcy.
https://seekingalpha.com/pr/19056150-b-riley-financial-issues-open-letter-to-core-scientific-investors
“Our analyst, Lucas Pipes, has been following Core Scientific since February 10, 2022. Based on his model, adjusted for current metrics, even at a Bitcoin price of $18,000, Core Scientific can generate Adjusted EBITDA of ~$140 million. Additionally, if the company builds out the Denton, Texas facility for an incremental $40 million of capital, that could add an additional $25 million of EBITDA, resulting in a run rate EBITDA of ~$165 million. On top of that, every $1,000 increase in the price of Bitcoin would likely add up to $20 million of EBITDA—meaning that if the price of Bitcoin were to increase to $20,000, Adjusted EBITDA could be over $200 million on a run-rate basis. If Bitcoin prices return to $24,500, we estimate that Core Scientific will generate nearly $275 million of Adjusted EBITDA to service creditors.”
Worth reading the letter.
Core did end up filing Ch 11 bankruptcy.
On Feb 3 a group of equity holders asked the court to form an official committee they claimed would provide “critical input with respect to valuation and negotiating Chapter 11 plan terms on behalf of equity.” The group said that Core Scientific is solvent, and that given the recent rally in bitcoin prices and the improvement of energy markets, “the value available for equity is increasing.”
On March 1st, B. Riley’s DIP loan was approved and the equity committee was also approved. The equity group represents 69 million shares. Insiders hold 107 million shares of the appx 369 OS.
https://finance.yahoo.com/news/core-scientific-bankruptcy-judge-set-005507515.html
In the filings for the approval of the committee:
“The Debtors, their advisors, and the Special Committee of Independent Directors of the Debtors’ Board of Directors (the “Special Committee”)3 are keenly aware of the Debtors’ duties to all stakeholders, including equity holders. After careful consideration and deliberation, the Special Committee determined that the appointment of an Official Equity Committee with a limited scope and Budget is appropriate at this time for two primary reasons. First, rising bitcoin prices and lower energy costs suggest the Debtors may be solvent (and, at the very least, are not “hopelessly insolvent”).”
And in the official response:
“At the same time, one of the Debtors’ most significant operating costs – utilization of power to operate their mining facilities – has declined steadily since the Petition Date as underlying fuel costs have generally decreased.6 Higher bitcoin prices, lower power costs, and other developments have all served to improve the Debtors’ prospects since filing. The marketplace’s interest in providing the Debtors debtor-in-possession financing in late January further evidences the Debtors’ improved financial prospects since the Petition Date. The Debtors received four new DIP financing proposals in January versus just one from the Ad Hoc Noteholder Group (as defined below) in December7”
11. “If current conditions continue to improve, it is likely that the Debtors are
not “hopelessly insolvent,” and plausible that the Debtors are solvent”
https://cases.stretto.com/public/X217/12024/PLEADINGS/1202402252380000000010.pdf
Bitcoin was $23,000 at this time.
$CORZQ is currently trading at .30 with a market cap of around 70 to 100 million. They’re mining 45 to 50 BTC a day (posted daily on twitter). If they can emerge from Ch 11 the share price should be significantly repriced when compared to other public miners as I believe they are the largest publicly traded miner by hash rate.
Any insights are welcome. This is not intended to be advice in any way shape or form. Just though I’d try out Nostr for some crowdsourced DD.
PV 🟣🟠🙏

2023-03-23 12:47:49

Dutch central bank (DNB) suffered a loss of almost half a billion euros last year - the first loss since 1931.
Substantial losses are also expected for the coming years. The losses could increase to such an extent that the built-up buffers are no longer sufficient, Business Insider reports.

2023-03-23 12:32:34

Hindenburg is short Square

2023-03-23 01:50:37

- reply

Didn’t know that, thanks!

2023-03-22 14:21:54

“Without a ruler to do it against, you can't make crooked straight."
Seneca

2023-03-21 02:39:52

The Fed needs to run a propaganda campaign because I’m not sure who’s loving them right now.

2023-03-20 12:38:13

- reply

I believe we call this “the mcafee”

2023-03-18 17:37:11

- reply

It’s the new Mcafee “I’ll eat my dick” publicity stunt imho.

2023-03-18 16:28:39

- reply

It would mean hyperinflation which will have massive tail effects. Starvation, civil unrest, mass unemployment..

2023-03-17 02:18:17

I think if Elon started pounding the table on Bitcoin right now we’d have bankruns and shit would hit the fan.
If you’re reading this elon…

2023-03-16 13:18:50

Bitcoiners know that individuals are easily corruptible, and yet they have faith in humanity as a whole.

2023-03-16 11:31:11

I like the idea of replacing 🤙’s with zaps, starting at 1 sat would even be fine. A content economy would be very cool.

2023-03-15 13:16:37

DAN, the jail broken Chat GPT, predicted a stock market crash on March 15 in February.
The holy grail of wealth building is the ability to distill data into actionable capital allocation advice.
If AI market prediction is accurate and replicable, this is a nuclear bomb in finance.

2023-03-15 12:55:57

The Fed has lost control of inflation. They will be forced to ease again into an inflationary environment to *hopefully* avoid mass defaults.
This has been the Bitcoin thesis since the genesis block. You can’t taper a ponzi and you can’t make the money good again.

2023-03-15 02:29:23

- reply

Asking for my wife 🤣

2023-03-15 02:27:39

How do you stop believing in Bitcoin?
Is it even possible?

2023-03-14 13:17:15

Bull market Nostr? 👀🟣🟠

2023-03-13 17:44:42

Bitcoin is a bank that is not fractionally reserved, can always redeem deposits, and holds money that can never be diluted.
People who hate Bitcoin simply do not understand this.
PV my friends 🟣🟠

2023-03-13 12:32:43

Is the end of rate hikes?
The market hasn’t figured it out yet. If it is, extremely bullish for equities and Bitcoin in my honest opinion.
Is the Fed going to be forced to “tolerate” inflation?

2023-03-12 14:01:06

Our bank deposits are like Santa Clause. They only exist if enough of us believe they exist.

2023-03-12 04:14:00

Dutch Farmers declaring war!
If that’s not a revolution speech, I don’t know what is.
https://twitter.com/EvaVlaar/status/1634644294182092801?s=20

2023-03-12 03:28:40

QE Infinity 🟠

2023-03-11 19:30:13

A father’s duty is to lead a family in a way that makes his daughters want to have their own children and his sons to lead their own family.
This duty can only be fulfilled with cheerful optimism and resilience.

2023-03-11 18:15:09

- reply

We need to stop this dangerous misinformation immediately. How do I contact the board of Nostr?

2023-03-11 17:46:03

When Twitter users were screaming that printing money to fund catastrophic Covid lockdowns would lead to inflation, the mainstream media laughed it off.
Jack Dorsey tweeted inflation was coming. They mocked him.
Now we have seen rates spiking at unprecedented levels, and chaos has ensued. Central bankers, politicians, and media companies must be held accountable for the systemic failure of governance that has led us to this point.
The chaos we are seeing now is the sum of many acts of weakness and corruption.
• Theft through inflation.
• Media narrative control.
• Propaganda to drive demand for pharma companies and compliance to government.
• Censorship of dissenting voices.
• Fractional reserve banking.
• “Legal” counterfeiting by central banks.
• Gross government overreach.
• Rampant Covid hypocrisy by the rich and powerful.
• And finally, the sin of submission by people who were too apathetic to stand up for their rights and the rights of their neighbours.
To those seeking justice, progress, and the preservation of freedom in the wake of the last few years, Thank You.
To those who said nothing, “in the end we will remember not the words of our enemies, but the silence of our friends.”
Pura Vida.
🟣🟠

2023-03-07 18:59:33

Central banks are causing more volatility than they are preventing.
Does their inability to forecast or curtail inflation mean they are failing before our eyes?

2023-03-07 16:45:35

POWELL: NO OBVIOUS CANDIDATE THAT COULD REPLACE DOLLAR AS WORLD'S RESERVE CURRENCY
…Not in a way that preserves the status quo. 🟠🟣😘

2023-03-07 02:26:43

You tweet on Twitter.
What do we do on Nostr? I don’t want to call these tweets.

2023-03-07 02:10:00

- reply

Lightning

2023-03-07 02:04:39

- reply

Genius

2023-03-07 02:03:28

- reply

Evolution

2023-03-06 03:45:08

- reply

I agree that is the obvious answer. If it doesn’t happen, what does it mean for the value of the dollar? Even if it plateaus, if rates come down in a few years prices will be even higher.
You have to think they’ll come down, or we are farther along in the fiat death spiral than many think.

2023-03-06 01:56:56

Real estate prices in Ontario are holding up quite well considering high rates. Demand is actually fairly robust.
It will be interesting to see if this continues, as prices have skyrocketed in the last decade and many have called for a crash due to higher mortgage rates.
Debasement kills the working class and in the absence of a dollar that holds its value over time, assets are monetized beyond their utility value. This creates a wealth gap between asset owners and labourers working paycheque to paycheque.
If real estate prices hold or turn up it would be a very strong signal that Bitcoin adoption will accelerate amongst those who’ve feel left behind.
🟣🟠🏡
Thoughts?

2023-03-04 18:25:11

Imagine an eBay/Craigslist style market place built on Nostr with lightning payment rails?
This would create a Bitcoin standard economy.
Game changer. PV 🟠🟣

2023-03-03 23:52:37

The fact that billions of working men and women must sacrifice 40 years of their time, energy, health, and focus to gain access to fiat currencies that central banks replicate with a keystroke is injustice on the largest scale humanity has ever seen.
Bitcoin has solved this problem. The volatility of adoption is the only thing that clouds this truth from the masses, but that is also our opportunity.

2023-02-23 19:52:55

Just gave all my zap sats to my 21 year old cab driver in Punta Cana via #[0]
He loves it!! ⚡️⚡️⚡️

2023-02-19 17:23:34

Central bankers will not survive the technological revolution that is underway.
An educated, resourceful mob of sovereign individuals with a message of empowerment will make sure of that.
Bitcoin is relentless. 🟣🟠

2023-02-18 14:50:41

- reply

There’s nothing wrong with working for fiat. Stack if you can, when you can, and enjoy your life.

2023-02-17 20:15:25

- reply

VCs maybe find it a little tricky to make money here….

2023-02-15 22:45:52

Nostr is the first social media platform that leaves me feeling better.
Maybe that’s because it is mostly people with similar principles right now, or maybe because there is no algorithm marketing to me.
Whatever the case, it’s awesome.
🟣

2023-02-08 22:29:21

Twitter is down, and look where I went to talk about it. 🟣👀

2023-02-08 22:22:22

Nobody is talking about how DEFLATIONARY AI is for a ton of services.
How does this work when we have an economy that relies on inflation?
Fireworks coming.