During the last epoch, Bitcoin hit an ATH price of $69,400 on November 10th, 2021. This was 1,539 days ago.

Since then, over the last 1,539 days, we have experienced the following tail winds:

ETFs and ETPs holding ~1.5 million BTC
Strategy stacking 700k Bitcoin
XX1 entering the fray (43k + BTC)
Record hash rate for BTC mining
Metaplanet building a large BTC position
Goldman Sachs entering the fray
Fair accounting rule changes
El Salvador holding the line
UAE entering the fray
IREN expanding ops big time
Marathon stacking corn like crazy
Bitcoin only hardware wallet sale records
Saudi Arabia entering the fray
Central African Republic going in
Record Bitcoin wallet providers
Coinbase going gang busters
Binance off the hook and crushing
Pakistan starting a national BTC reserve
NOSTR going gangbusters
Node runners embracing Knots
Node runners embracing Core
Solo miner record sales and implementation
More plebs than ever stacking like 1 armed brick layers in Baghdad

And now we are stuck at 87k with all these tail winds??? For the last 50+ months???

And the mempools are like mother Hubbards cupboard - EMPTY! 0.4 sats per V byte??? 👀

It fucking stinks. Rotten to the core.

The math ain’t mathing….

What’s the crack brains trust?

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And we ain’t there so continue to avoid using the worlds current measuring stick at your peril.

Inside Bitcoin circular economies the price of goods and services fluctuate by the second. Because the sats price moves in lockstep with the underlying fiat denominated price.

This is current truth. This is current fact.

I like where you want us to go but for the time being I’m rooting myself in truth and reality - no matter how sad that is ;)

Come on Joel! The holier than now ‘I’m here for the freedom’ trope is a well worn path and one I’ve heard many times for many years now inside the Bitcoin only space.

I get it Joel. The Fiat system is broken. This is a well established fact that doesn’t need repeating or explaining - we get it. We all get it! This is NOSTR after all…

Do you know what else I hate? Gravity. As you get older it fucks with your body. But I do know this and accept this: gravity does not give a single fuck about what the Bulgarian Pork Whistle believes about gravity! It exists, it’s here for the foreseeable future and not talking about it does not make it go away.

NGU is Freedom. Freedom is NGU. They go hand in glove.

Freedom = Buying a home 🏠
Freedom = Owning farmland 🌾
Freedom = Preserving your time and energy in abstracted form aka NGU with Bitcoin or Gold etc….
Freedom = Avoiding the pain of currency debasement
Freedom = Having more today to cover tomorrow
Freedom = Security and security has a cost

Freedom and NGU are joined at the hip! Inseparable bed fellows in the context of MONEY! 💰

Remember Bitcoin is money which is powered by a network - not the other way around.

NGU or Bitcoin go bye bye 👋

Again, you are saying the quiet part out loud.

“I see Bitcoin as a vehicle not necessarily to get rich, but as something you can work for without having your time and energy evaporate.”

Word for word you are saying you want to preserve your time and energy.

THIS ONLY HAPPENS WITH NGU!

If number DONT go up all you have is an IOU on a ledger that stays the same value over time.

If number don’t go up Bitcoin dies. That’s the cold hard truth.

Immutable ledger’s and freedom money is cool. Beating inflation, buying a home, beating debasement and having your net wealth increase over time is even cooler 😎

Of course you disagree 🫠

The fact that Fiat is rotten means nothing. It’s still the measuring stick of most things.

Property = measured in Fiat
Gold = measured in Fiat
Rice = measured in Fiat
Silver = measured in Fiat
Wheat = measured in Fiat
Iron Ore = measured in Fiat
Cotton = measured in Fiat
Rubber = measured in Fiat
Coffee = measured in Fiat
Cocoa = measured in Fiat
Copper = measured in Fiat
Aluminium = measured in Fiat
Platinum = measured in Fiat
Agricultural Machinery = measured in Fiat
Weapons = measured in Fiat

Just because Fiat is rotten and just because you choose not to use the measuring stick oh the world does not mean my premise is incorrect.

It merely means you are avoiding the truth and avoiding reality.

Jesus Christ - talk about talking in circles!

I’m not defending fiat.

I’ll repeat myself again for the folks up the back:

NOT USING USD TO MEASURE BITCOINS PRICE PERFORMANCE IS AKIN TO HAVING YOUR HEAD IN THE SAND!

Maxis always spew copium about how they don’t worry about price action it’s all about the freedom and the immutability blah blah blah.

None of that matters if NGU don’t go up!

It’s the hard truth that Maxis don’t like admitting.

Yes we all know that Bitcoin becoming the unit of account will take time.

And we all know it’s not the unit of account.

We all know that the USD is the current unit of account.

That’s why it’s critically important to continue measuring Bitcoins performance in USD.

Bitcoin is not broken. It’s functioning as it should.

But it’s currently under performing (the NGU component) compared to other assets like gold and silver and it’s healthy to scrutinise Bitcoin by looking at its historical performance.

2013 - 2017 (cycle top to cycle top was 20 x! A great epoch :)

2017 - 2021 (cycle top to cycle top was 3.6x! A healthy epoch!

2021 - 2025 (cycle top to cycle top was a 1.8x! Not so good!)

2021 - NOW (last cycle top to current price is a 1.28x! Very shitty!)

The measuring stick isn’t broken.

Bitcoin is underperforming big time over the last 4.2 years.

Avoiding the USD value conversation is head in the sand copium talk 101.

Riddle me this:

In Bitcoin only circular economies where sats is the standard the price of goods and services fluctuate by the minute why?

1700 sats for a taco one day… 1900 the next…

Why?

Because even in Bitcoin only circular economies the sats price moves in LOCKSTEP with the underlying fiat denomination.

There is no escaping it.

Avoiding this fact is not helpful and merely perpetuates the fantasy that the USD price has nothing to do with Bitcoin.

Why would you not use USD to measure the value of your Bitcoin?

I think we all know that fiat is rotten, blah blah Bitcoin Standard, Zeitgeist, Bitcoin podcasts 101. We get it. I get it. Central banking bad / fiat ponzi - a well worn path in Bitcoin.

NOT using USD to measure Bitcoins performance is like buying a sports car and not caring about horsepower.

6-7 years ago the narrative was ‘hold BTC for a year and do well’

4-5 years ago it changed to ‘hold BTC for 1 cycle and do really well financially’

Now it’s hold for decades and do ok maybe???

How the narratives change!

Retail Only = 69k

Billion dollar ETF balances
Strategy stacking 700k Bitcoin
XX1 entering the fray
Record hash rate for BTC mining
Metaplanet building a large BTC position
Goldman Sachs entering the fray
Fair accounting rule changes
El Salvador holding the line
UAE entering the fray
IREN expanding big time
Marathon stacking corn like crazy
Bitcoin only hardware wallet sale records
Saudi Arabia entering the fray
Central African Republic going in
Record Bitcoin wallet providers
Coinbase going gang busters
Binance off the hook and crushing
Pakistan starting a national BTC reserve
NOSTR going gangbusters
Node runners embracing Knots
Node runners embracing Core
Solo miner record sales and implementation

Stuck at 87k with all these tail winds??? For the last 4.2 years???

It fucking stinks to high hell. Rotten to the core.

The math ain’t mathing….

Big time!

I definitely have a focus on health!

And yes, technology has made it exponentially easier and accurate to get where you need to be.

Use AI to help choose where you live as well.

It’s no good living in Vietnam where residual agent orange still shows up in food sources when you could be living in parts of Portugal and Spain (organic food bowl of Europe) with incredible produce and climate.

Buy a parcel of land, use a drone to take topographical footage, use AI to help landscape the property and choose climate correct fruit and vegetable plants… Use AI to plan slope, and wind barriers and what trees to plant and how to best irrigate.

Even better - tap word class horticulturalists online and feed them AI info on your property and start with the most important aspect of health:

- Where you live
- The climate you live in
- What you eat
- How your property is organised and constructed

AI turbocharges the above 👆

And… Bitcoin can help fund it if it hurry’s up and gets off its ass! 🚀 😂

Surely something has to give! I’m in the Kangaroo 🦘 cuck buck territory at the moment and it hasn’t faired much better than the Euro coin 🪙.

🤞🏻!!!