Damus

Recent Notes

Ferric William profile picture
I’m more and more convinced that Bitcoin never had a Bull market and that the Super cycle everyone expected did start. The twist being that it was a super bear to be followed by a super bull that hasn’t materialized yet.
Look, the ATH exists simply because of the halving and the price action looks way more defined by the cost to mine than euphoria. We appear to still be in the 2022 bear market which simply got pumped up to the post halving cost to mine.
On the bright side, once the accumulation phase of institutions finishes up, the price will rise. They are trying to shake out the current miners and holders. Killing leverage and miner competition. It explains the insane rise in hashrate they are price insensitive because it is an accumulation play taking advantage of lot tax benefits.
OzzyHB · 2w
Oh post dump.. So they were long.. Hmm we've dumping in btc for far longer then G/S .. Maybe they shorted, got rekt.. Went long, eventually, G/S dumped, they REKT again.. Not hard. I did that shit wit...
Ferric William profile picture
I believe the debasement trade has caught many institutions with their pants down. So they go long, they make retail FOMO in and then they practice creative destruction on them with shorts and forced liquidations. It’s a high stakes game of trying to control the narrative and market emotions.

My personal opinion is that a huge effort has gone into controlling Bitcoin price to this end. They need Bitcoin muted for G/S markets to receive FOMO. So that’s why you got the Oct 10th market maker nuking. That’s why you get stable price action up until sentiment turns long, in which case they liquidate the longs and create forced sellers. The institutions have paper bitcoin now with the ETFs, they are 100% overselling the market. The more forced sellers they get, the more real Bitcoin they can collect and they build up their off-ramp from their G/S position.

We are seeing what I thought would happen to Bitcoin with regard to ETH. I thought they’d pump the shit out of Bitcoin and then pump ETH as the next greatest thing to make capital rotate again. But instead they are doing it with G/S prior to pumping Bitcoin.
OzzyHB · 2w
What you reckon big btc holder is short gold and covering..
OzzyHB · 2w
Oh post dump.. So they were long.. Hmm we've dumping in btc for far longer then G/S .. Maybe they shorted, got rekt.. Went long, eventually, G/S dumped, they REKT again.. Not hard. I did that shit with gold in 2011, when i had no clue wtf I was doing
Ferric William profile picture
The real question everyone should be asking, who got blown up by that price swing in gold and silver? The Bitcoin sell off today is clearly a bid for liquidity to offset something else that broke in the market and is the only option over the weekend.
Ferric William profile picture
So many of you claim to be low time preference, but it is increasingly obvious that ya’ll are larping. You are so easily manipulated emotionally and are behaving like reactionaries.

Communists weaponize your lack of emotional control and create mob mentality. I can’t take anyone going to protests and screeching as serious people. You are behaving like an animal, and a rabid one at that.

Political protest does not require screeching, it requires calm discourse and simply a display of support. Nothing you say while marching is worth a damn, why waste so much energy yelling if you actually have a sober mind?
King Bababucci · 3w
EXACTLY If Pretti was stabbed to death on a subway or even shot during a traffic stop these guys wouldnt care. They only care because a) theyre manipulated by the leftist media b) they have immigrants in their recent family past and theyre scared projecting (buy theyll accuse YOU of being a pussy b...
Ferric William profile picture
The only downside to Nostr right now is that it is still overwhelmingly Ancap and that’s probably one of the dumbest ideologies alive because it completely ignores the role and importance of culture. While also pretending like their ideology doesn’t just devolve into might equals right.

Cooperation through shared culture is necessary for any society to feel societal trust. Societal trust is the only way to allow for people to not be stuck threat assessing every person they interact with. So the only way to make interactions and business efficient, is to establish accepted norms in language and dress as a signal of membership to the shared culture & values.

I’m convinced that Ancaps are just as anti human as the extreme environmentalists who are degrowth advocates. They’re just focused on hating cooperation, duty, responsibility to others. Their ideology is one that degrades the entire concept of role specialization.

They have no foundations to their ideology except hatred for society and civilization. They stand for nothing, only against things. They are perfectly willing to abandon their obligation to family once it is too extended or removed from the immediate. Which is poetic because they’ve abandoned everything responsible for their supposed morality and values….they are an extreme atheist, so bent on self centeredness that they fail to see how all their values and beliefs were created.

Ancap has never existed in the chain of civilization that they are a descendant of. Cooperation and elimination of the extreme anti social and problematic members of society is our legacy of building the values we have today. The Ancap is a form of an extremely problematic member of our society because they behave from a view point of “fuck you”, instead of how can we win together if you uphold our values.

The proper path is localism and minarchy. There is nothing wrong with government, the federalist papers lay it out clearly. You should restrict government to only the roles you actually want it to do and give it the full authority necessary to achieve that mission. Government power should be restricted and unlimited at the same time. One cannot give government a task without the power to properly perform it.
note1nlqyx...
Ferric William profile picture
Sure thing buddy, I could literally say all the same things about you. Including that you are easily deceived by agitprop and color revolutionary emotional framing.
The only difference between you and me is that I’m not a bitch who mutes people, because I’m not hubristic enough to do so.
AU9913 · 3w
Speaking ill of the dead.... That is a curse on yourself my dude. Never argued what he did was wrong, but you're too much of a boot licker to see that both parties can make mistakes, but you must rea...
Ferric William profile picture
The dead don’t deserve reverence purely due to being dead. I’m no boot licker, I simply view him as a fucking traitor for getting in the way of expelling people who are here illegally and breaking our laws. Fuck invaders, criminals, and anyone who works with them.
AU9913 · 3w
Watch the video. A male ice agent physically assaulted a woman and he stepped in. You're a bootlicker for thinking that's acceptable bc he has on a uniform.
AU9913 · 3w
You didn't watch the video I take it.... He was pepper sprayed, talked by like 5 people, disarmed and then shot. In that order.
Ferric William profile picture
He resisted arrest while armed and appeared to reach or grabbed his gun. I don’t care if he was disarmed at any point in that altercation. Still a fucking moron who won a Darwin Award.

I’m not applying any standard that I don’t live by. I would never go to a protest armed and I’m actively avoiding conflict if I’m armed. The first amendment protects peaceable assembly, not protesting & rioting while armed.
AU9913 · 3w
Speaking ill of the dead.... That is a curse on yourself my dude. Never argued what he did was wrong, but you're too much of a boot licker to see that both parties can make mistakes, but you must realize only 1 (or 4) were trained in this matter and escalated it as fast as possible. Also, show me...
AU9913 · 3w
You didn't watch the video I take it.... He was pepper sprayed, talked by like 5 people, disarmed and then shot. In that order.