@Matthew J
Bitcoin Veteran.
No relay list published yet.
Recent Notes
Excited for March....
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Do you even bitcoin bro?
The Shitcoin and Gambling advisory committee to the shitcoin president.
It's almost like I called it.
It's almost like I called it.
Bitcoin Dominance @ 75.3% (excluding fiat/stablecoins)
Sigh...I thought I'd heard the last of Fred since I blocked him on X and then left X but yet here we are. He's like an unwanted bad smell that lingers.
This post is mostly my take on why Henrik the shitcoiner was wrong. Fred didn't make any valid argument... I thought I would share my take/opinion on it.
Just read my Takeaways, not the names of the people involved in the low signal debate 馃槀
Just read my Takeaways, not the names of the people involved in the low signal debate 馃槀
Fred is not a bitcoiner
Not like you and I are, but he says 80% of his net worth is in bitcoin.
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Nice catch brother.
馃馃А馃挭
Nice catch brother.
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I just watched a debate between a bitcoiner (Fred Krueger) and a shitcoiner (Henrik Zeberg)
Key Takeaways:
Shitcoiners don't understand bitcoin is money, and currently the 10th largest currency in the world, or that it is backed by energy/Proof-of-work. The energy/Proof-of-work consensus bind bitcoin to reality.
They don't understand the difference between bitcoin and shitcoins. Bitcoin is a currency that solves Triffin's dilemma. Shitcoins are technologies trying to expand the derivatives market/and further detach real asset from reality. Shitcoins are fiduciary media, bitcoin is money.
Another Takeaway, is that shitcoiners/economist bro's, think there is an everything bubble... there is a USD currency bubble, which makes everything priced in that, take more currency units. As they print more dollars, it inflates prices in that broken denominator. Bitcoin and stonks are not the bubble, the US dollar is.
Henrik also made a point that China is buying gold and not bitcoin. Historically, China's track record is not very good. They were buying silver, just before we went on the gold standard.
And lastly, Henrik suggested that we were going to get a Lehman type crash, and bitcoin would drip 95%.
If you dig a little deeper, I think that a pullback is possible... but 95% crash? I think a Lehman/Bear Sterns scenario is actually bullish for bitcoin. The banking troubles in 2023, led to bitcoin going up. Bitcoin is anti-fragile. It is not dependent on a bank.
My second example refuting that would be that gold went on a run from 2004-2011. Gold etf's were approved in 2004, and it had some pullbacks, but continued going up in price through the Great Financial Crisis in 2008, while everything else dumped. Bitcoin etf's were approved in 2024. There is a possibility that bitcoin could continue up through the next crash in 2027, or whenever it is... while everything else dumps.
Stay humble, stack sats.
Bitcoin is not the hurdle rate, it is the money. The future reserve currency asset, that solves Triffin's dilemma.
Key Takeaways:
Shitcoiners don't understand bitcoin is money, and currently the 10th largest currency in the world, or that it is backed by energy/Proof-of-work. The energy/Proof-of-work consensus bind bitcoin to reality.
They don't understand the difference between bitcoin and shitcoins. Bitcoin is a currency that solves Triffin's dilemma. Shitcoins are technologies trying to expand the derivatives market/and further detach real asset from reality. Shitcoins are fiduciary media, bitcoin is money.
Another Takeaway, is that shitcoiners/economist bro's, think there is an everything bubble... there is a USD currency bubble, which makes everything priced in that, take more currency units. As they print more dollars, it inflates prices in that broken denominator. Bitcoin and stonks are not the bubble, the US dollar is.
Henrik also made a point that China is buying gold and not bitcoin. Historically, China's track record is not very good. They were buying silver, just before we went on the gold standard.
And lastly, Henrik suggested that we were going to get a Lehman type crash, and bitcoin would drip 95%.
If you dig a little deeper, I think that a pullback is possible... but 95% crash? I think a Lehman/Bear Sterns scenario is actually bullish for bitcoin. The banking troubles in 2023, led to bitcoin going up. Bitcoin is anti-fragile. It is not dependent on a bank.
My second example refuting that would be that gold went on a run from 2004-2011. Gold etf's were approved in 2004, and it had some pullbacks, but continued going up in price through the Great Financial Crisis in 2008, while everything else dumped. Bitcoin etf's were approved in 2024. There is a possibility that bitcoin could continue up through the next crash in 2027, or whenever it is... while everything else dumps.
Stay humble, stack sats.
Bitcoin is not the hurdle rate, it is the money. The future reserve currency asset, that solves Triffin's dilemma.
31鉂わ笍6馃2
trumps hypershitcoinization is here.
the trump administration will do some great things over the next 3 years, but will ultimately be remembered in the distant future as the president who allowed in the cbdc Trojan horse, into his shitcoin reserve.
the trump administration will do some great things over the next 3 years, but will ultimately be remembered in the distant future as the president who allowed in the cbdc Trojan horse, into his shitcoin reserve.
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Reverse Repo has ~$71B left until it is fully drained. QT continues unabated.
The question that remains is whether this will cause a September 2019-like overnight rate spasm that forces the Fed to st...
Looks like it stayed close to 0 for about 1 year on that chart.
GOOD MORNING NOSTR.
LIVE FREE. 馃
https://cdn.satellite.earth/f24e9780dae2ca3038cd52f3d520d97222c939e5c926aa57994df1ab3f8ffe5e.mp4
"American made" shitcoins, will get a free pass and not be taxed.
this is a way for the fiat overlords (banks and governments) to get people to voluntarily opt into their CBDC's....
I know... they won't be called CBDC's, just like Facebook and Twitter selling and giving information and violating freedom speech and constitutional rights wasn't "technically" from the government.... these institutions are their workaround
this is a way for the fiat overlords (banks and governments) to get people to voluntarily opt into their CBDC's....
I know... they won't be called CBDC's, just like Facebook and Twitter selling and giving information and violating freedom speech and constitutional rights wasn't "technically" from the government.... these institutions are their workaround