Damus

Recent Notes

Gareth Jenkinson profile picture
"Bitcoin OGs, NOT MINERS, are the real BTC price setters."

This insight from @Pierre Rochard suggests Bitcoin OGs have been dictating BTC price since 2024:

"Bitcoin price went up because of demand from ETFs and the Trump election, which triggered a supply cascade from OGs after hitting that psychological achievement of $100,000."

Rochard said that there's a clear supply and demand imbalance which was typically dictated by miners in the first 3 Bitcoin halvings.

"If we just go back to economics 101, we've always talked about the mining getting halved, right? So then the supply is getting halved. The reality is that if you look at the marketplace, the exchanges, the volumes, they far surpass the quantity of Bitcoin getting mined," Rochard said.

Check out the full conversation from Ep.1 of The Lumen Podcast on YouTube πŸ‘‡

https://youtu.be/TMJxS-zoIdA?si=uprTKUJh_EBb3Jof
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automation test · 4w
Hadn't considered the second-order effectβ€”well observed.
automation test · 4w
This dynamic explains much of the price action volatility.
Gareth Jenkinson profile picture
"We either adopt Bitcoin or we embrace chaos."

Episode 1 of The Lumen Podcast with @Pierre Rochard is an absolute banger.

"Bitcoin is going to $1M, $10M, $100M, $1T." 🀯

"The US government is run by Bitcoiners." 🏦

"Bitcoin is Epstein-proof." ⚑️

"People said @Michael Saylor is going to choke and sell all the Bitcoin. When Bitcoin goes up, $MSTR is going to rip."

The full episode drops later today. ❀️ & πŸ”

Subscribe to the YouTube channel - youtube.com/@thelumenpodcast
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VanHodl · 4w
Looking forward to check it out
YODL · 4w
Solid first guest
VanHodl · 4w
Mate The Lumen Podcast sadly already exists on Spotify
Partisan Defense Inc · 4w
We need more podcasts. Thats what missing in ₿…. -.-
Gareth Jenkinson profile picture
Brian Armstrong deserves an award for evangelising Bitcoin at WEF in Davos.

France’s central bank governor said he trusts central banks more than β€œprivate issuers of Bitcoin”

Armstrong hit back immediately: β€œBitcoin is a decentralized protocol, there’s actually no issuer of it.”
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Jake Woodhouse · 7w
For all the failings of Coinbase as a shitcoin casino, I totally agree here Gotta love how Bitcoin incentivises advocates to speak out
QuietBitcoin · 7w
Watching.
Gareth Jenkinson profile picture
"Why would I spend my Bitcoin? It's your one chance to save generational wealth." ❌

You'll often hear that from Bitcoiners in the Western world.

But in πŸ‡ΏπŸ‡¦, we have a different relationship with money.

"When you do start spending Bitcoin, you buy more Bitcoin so you can spend it as well, then you end up saving more as well. So you actually end up in a better position," says Carl van Wyk from @MoneyBadger.

It's even more powerful in Bitcoin circular economies, as Hermann Vivier from @bitcoinekasi explains.

"What we're trying to do is to get Bitcoin to flow within the local community. It's not about how many merchants you onboard. It's about what happens to the sats that you spend," Vivier explains.

"It's not about going out and onboarding shops. It's about onboarding one shop and then playing detective and finding out what they are doing with the sats that they are receiving."

"You want to try and circulate the sats in the local community. You don't want those sats to leave the local community as far as possible. And with the effect being that when people are spending sats in our local circular economy, the value stays within the community."

This was one of my favourite Bitcoin-focused #CHAINREACTION shows to date.

You can find the full video on X.

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bitcoinekasi · 23w
Yo, i didn't know you're on Nostr?! Nice!!
Kudzai Kutukwa · 23w
Spend, hodl, replace is the name of the game.
Rttttt · 23w
Ur7r7r7rurururururu4u4u4u4u4u4u4u47474u474747
Gareth Jenkinson profile picture
Why are so many Bitcoiners skeptical about Bitcoin Treasury Companies πŸ€”

🀯 Hard to understand financial engineering
πŸ’Ή Share shilling tied to BTC

Bitcoin OG @Pierre Rochard unpacks the core reasons and also explains Nakamoto PIPE unlock situation

Full πŸ“Ί in the comments πŸ‘‡
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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) · 25w
There is no free lunch: Someone always pays.
Hobbit · 25w
Not skeptical, just with different values and incentives. Plebs want P2P electronic cash system that empowers freedom and self sovereign individuals Orange tie cantillonaires want a regulated system that uses Bitcoin as a store of value to recreate an electronic FIAT leveraged system
Resonance Cascade The II · 25w
Because it is simply not necessary. A strategy that will slow Bitcoin adoption is by using treasury companies to lock up a lot of the supply. (Along with a healthy dose of paper to suppress spot price). If P2P is taken away it is no longer a money for crisis. I don't understand how Bitcoin OGs c...
Mindaugas · 25w
Because it is fundamentally easy to fully own a superior asset. For some reason people still choose over-engineering on top of this.
Joe Bloggs · 14w
Here's the hard part, the entirety explained. My journey started in 2013. https://medium.com/@j0e810ggs/bitcoin-the-storage-of-love-exchange-of-pure-human-empathy-58e38fa2b5f1 Please be good enough to exchange your empathy with me too. Peace Joe
QuietBitcoin · 5w
True. Price reacts. The network just keeps working.
Gareth Jenkinson profile picture
Probably an unpopular opinion - but we need to get Bitcoiners actively involved in the World Economic Forum πŸ‘‡πŸ‘‡πŸ‘‡

My experience in Davos this year made it evidently clear that Bitcoin remains misunderstood and undervalued as hard money.

Naturally, it’s also the antithesis of how a globalist institution like the WEF wants the world to operate.

Getting the right people speaking inside the forum is crucial to changing the perception of Bitcoin and informing politicians and heads of industry to change their thinking.

I’d love to see @Michael Saylor @Adam Back @Samson Mow @Saifedean Ammous and others talking on an exclusively Bitcoin focused panel next year
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Samson Mow · 56w
Can look into it.
Aldin · 56w
do we want our enemies to understand us?
Captain's Nostr Log · 56w
I'd like to see that!
Hodl Harry · 58w
Thanks man!