I have to again buck the SN trend and agree with e.o.t.s, this financialization of Bitcoin, this stonkification is in the kindling stages, as soon as the institutional size companies start weighing into this, it's going to blow up

Again whether you hate that Bitcoin is being taken away from the p2p toxic maxi fuck the banks fuck the state narrative, is unfortunately irrelevant to institutions, insurance companies and pension funds etc

What Saylor and others have done is shown the world that everyone can have access to the hardest money known to man, just they'll have to use a less hard custodasized, bastasized version, which in return for a stable income, they'll sell their grandmother for

The genie is leaving the bottle and yes, it might well all come crashing down and the only thing left is self custodied onchain and Lightning, the entire tradfi system couild collapse and take all the treasury bros with it

But it aint gonna stop them trying it first

At what point does one go from a hobbyist blogger to a full time journalist? I believe Scoresby is on that bridge 🎯👌

Darn it JS with your factually correct knowledge 😇

You know some idiot definitely not me 🤐 put on a long at 125k 🫣 luckily that idiot had minimum leverage so margin call is 70k, the idiot is been stuck in it for months, definitely not me 🤣🤣

Good set up but I would reduce leverage to as low as possible 10x is crazy talk

No kyc, use ln login (phoenix works great)

No lending

long or short or calls and puts but thats for extreme psycho degens

I said in a previous post that I felt I was being slowly Saylorized

And I still have a soft spot for Strategy

Much of the interviews with MS are the same, the host is a rabbit in headlights

But I'm going to go away from the pack and say that, while what he's doing looks like using Bitcoin to sell his stonks, I think there's a future in his what looks like reckless financing

Maybe I'm wrong, we shall see, admittedly owning mstr or strf or any of the other instruments, you first have to entrust your hard earned pennies to a ruthless broker and to Saylor's stonk, so that's two potential reasons you won't get your money back compared to just stacking sats in cold storage

So for the purist maxi that's an absolutely ridiculous suggestion but for the majority of pension funds, investment trusts etc this is par for the course

We can argue all day about how money should look away from the hands of the fiat institutions and how a world of pure Bitcoinization should look

All that aside, this I paraphrased from Saylor at the end and it's clinically honest and is exactly a perfect summary of what is happening to some western democracies

When the leader of a country says, we’re going to give free health care and free housing and we’re going to raise taxes to do it.

And then everyone that creates the capital leaves.

And everyone that doesn’t create any capital arrives.

You’ve swapped out your productive citizens for non-productive citizens, and the entire economy collapses.

Computer science is another head on the block, gradually then suddenly

And then we'll notice more tradesmen [tradespeople for the woke] until those jobs aren't needed

Each sector will have it's own reason for it's demise, economy is what we are constantly witnessing and writing about daily

CS is AI slop less sloppy

Trades is more people fleeing the once sound professional career

There isnt enough jobs to go around!

Have you ever been on an All inclusive holiday when the kids are at school? Lovely isn’t it, apart from a few stragglers who have taken the gamble to take their kids out and benefit from a cheap break, the restaurants all have plentiful seating, you can get a lounger by the pool, a drink 🍸 at the cocktail bar

But then your holiday runs in to the following week, when the kids are off school and you notice your little enclave get slightly busier everyday, you can't get your favorite seat at the dinner hall, the sun loungers are all taken by 3am!! the queues at the bar are ridiculous

This is the reality of the job market, for decades we've not been noticing the economy getting slightly worse and now AI is here it's exasperating the situation

We can see it getting worse in real time

The problem is, what do we tell our kids to do?

You're lucky Darth has gone to bed 🤣🤣

What boomers use search engines 🤣🤣

If they put id checks on ai we're cooked

Id be interested to see how they'd enforce that on lightning integrated pay 2 ask models

Bro is sending it, come what may

Reckless or Revolutionary we will see

I was gonna take a swing at saying something funny but I changed my mind!

The old italian streetwise mafia type reminds me of three references in movies....

One is the Green book movie, great film, the chauffeur's relationship with the pianist

A Bronx tale, amazing movie, the love interest and the lead character

And an old Sinatra movie, where his band aren't allowed to stay in the same hotel because 'no blacks' and Sinatra threatens to tear down the hotel with his bare hands!

excellent 👏 will try and get on leaderboard.

Some Nostrites on there already, hope to see some SNers soon

what vulnerability did this guy find then?

Another one 🫣

this is something a decentralized network couldnt do, but for the pure balls on this centralised cloudflare, we'll michael kane, Christian bale nod in approvement

I've been looking at the mstr stuff today while relaxing, so mstr common stock is basically a more volatile btc, so good luck timing the market unless you have inside information like it seems certain politicians do

And strc which pays 11% divi and tries to hover around a hundred bucks unless it depegs, so i can see the temptation with this for degens, your only downside is strategy imploding and given ms' track record could happen 🤦

The financialization of Bitcoin is this isnt it? this is just the start, only problem is that ngu isnt going exactly to plan

Laszlo

Meanwhile saylor is retweeting this 🫣

shitcoin wrapped bitherium

if someone wrote a piece but wanted it to look like ai—reverse psychology
*taps head