I'm more inclined to see it as just hodlers offloading into doing something nice for their life. Just as a personal anecdote I paid off my student loan debt last June with some of my corn. I didn't sell a very large portion of it though, and I plan to stack more.

Per Maple: "Policies were written in pounds sterling, which until 1931 meant pounds sterling as a weight of gold (or silver, prior to 1717). Underwriters posted bonds and paid claims in guineas (gold coins) and banknotes redeemable on demand for specie."

No, insurance is hundreds of years older than fiat currency. E.G Lloyds of London started in 1688 and the pound was gold backed at the time. Britain didn't leave the gold standard until 1914.

Any chance you could fix document upload in the web app? I sometimes need to upload documents from Windows, where you don't ship an app. Currently I do this on Lumo instead.

GM Eliza! 🌞

@_Checkɱate 🔑⚡🌋☢️🛢️ got things pretty right, he started turning progressively more bearish since late last summer IIRC.

To be fair he did not 100% call the bear market early, he's never completely definitive about what Bitcoin will do. But he did spend a lot of time discussing a bear case and assigned higher and higher probability to it in the latter half of last year.

I meant if you have a version of an app installed that's higher then the one indexed by Zapstore

Thanks! To be clearer I mostly meant it's a bit harder to spot in the list of all apps if an app is not hashed.

Small feature request: Zapstore Stable has a little stop sign next to the app if you have a later version than the indexed one installed. I noticed this is not in the alpha any more. Could you bring this back?

I think this market might be a bit more retail driven than you give it credit for. There may not be that much new people coming in at the moment but most of the existing Bitcoin is still owned by long term hodlers. These guys are with few exceptions retail, not institutional.

LTH's cashing out some of their stack during last summer to autumn materially contributed to dampening and then ending the bull market. This was clearly visible in I.E on chain revived supply.

It's also unlikely to be a coincidence that the bear started at exactly the same time as Core v30 releasing, basically to the day. This was the instigating incident of this bear IMO.

So in summary I think you're probably correct in what drives institutions, but retail still mattered a lot in this last cycle because they were the marginal seller.

You should look into @Maple AI if you haven't already

Thanks, I'll watch this. I've been meaning to read "Churchill, Hitler, and 'The Unnecessary War'" by Pat Buchanan but haven't gotten to it yet.