Good morning :)

I had a slow morning but looks like the I beat the snail to the saloon 😎😎

Stablecoins, aka shicoins, have never made sense to me. Why would you trust shitty shit minted on shit networks that are not supply-capped or decentralized?

We're getting to the "all at once" part.

Ironic that the climate cult is happy to export pollution to countries in the Middle East or others like Venezuela., rather than extract resources at home. Quite selfish imo.

Seems messy. The US could have instead gone through with the Keystone pipeline and benefitted from that massive supply from Canada.

I have also noticed that the "CFA + French colonialism" angle is the most visceral for people, perhaps because colonialism is increasingly seen as "an evil of past empires", so they tend to internalize it more strongly. People are good, deep down, and these stories of financial repression resonate regardless of political inclination :)

Quiet morning today. Happy Thursday, everyone! Getting some early morning workouts done before work, while watching the sovereign debt crisis unfold :)

Sorry for the silly question. But how is a "coinbase transaction" different from a regular on-chain transaction? Are they specifically transactions done by miners?

The Hamas attack was absolutely horrific, but this is really important framing. These groups are locked into a cyclical conflict, which will be difficult to break out of

Apologies if this is a silly question. Is the ~bitcoin sub curated/nurtured by users at all?

These are fantastic! I wonder how dramatic the difference will be by the end of the decade 👀

This is exactly my thesis for MSTR. The market dilution effect from the ETF approval is likely to be offset by the capital flowing into Bitcoin, the asset class

We are discovering the perils of hyper-modernity in real time.

Fiat regimes desperately countering deflation with stimulus 👀

It looks like a steady state with very minor changes over time. My observation is that the rate hasn't recovered from the 2004 peak as of yet which is interesting

I don't see Bitcoin as utopian money that is magically going to solve our issues. Bitcoin is marginally better than gold and significantly better than fiat. It IS the best money we have ever used as a species and therefore, I believe it will continue to grow in market cap. However, I won't be at all surprised if 300 years from now, the human race has discovered something better. If Bitcoin can bring us a marginally better world for the next 300 years where the purchasing power of billions cannot be arbitrarily diluted, the network will have fulfilled its noble purpose.

You are absolutely spot on. Microsoft and Amazon are two such behemoth examples, with massive cash in hand and huge infrastructure required for their operations.

Follow ZeroHedge on Twitter, not unbiased but usually quite blunt and interesting headlines/articles

An interesting thought experiment is to think whether the telegraph would have been successfully deployed in that time period without government subsidy. I'm guessing the steamboat lobby would have protected the status quo for longer, but eventually superior technology would be embraced?

I would totally buy one too hah