#Bitcoin demand from calendar futures dropped off a cliff (this tends to reflect sentiment from pro and institutional traders). Contango went into backwardation at levels akin to what we had at our $16k range. Meanwhile the last 48hrs has seen bullish spot flows at exchanges when BTC dropped to the 19.5k-20.5k range, maybe from people fleeing USDC. This looks responsible for causing a small short squeezed powered recovery. Overall corn looks weak in the short term.

While I'm in NZ, #[0] dropped by. We spent today day translating some of his work into live charts so the world can keep easy tabs on #Bitcoin's progress towards being carbon negative, least of all people shaping policy where this data is critical. This will go live soon. Emissions are roughly the same as 3 years ago despite market cap being 3x higher and user adoption 4x higher. In terms of CO2e intensity, the #Bitcoin network is making great strides putting out 3x less CO2e per kWh of energy use (0.09 grams per kWh presently). Daniel's best extrapolation is that is on track to go carbon negative in 4 years.

Likes should be deprecated in favour of zaps. We should have terminology for popular posts. Like: > 1k⚡️ killer post > 1m ⚡️mega post Etc.

Follow #[0]​ for latest quant research on #bitcoin carbon impact and the debunking of the central bank ESG propaganda

I’ve been zapped $20 this last week posting less than 10 tweets. I have less than 4000 followers on Nostr and 1m followers on Twitter, that’s 250x less followers. $20 x 250 = $5000 for 10 tweets. Nostr has potential to be the next content creation platform that will pay better than YouTube.

Tweeted, special thanks to Nostr my content sponsor. 😂

Nostr has better network effect than Bitcoin. It should grow MUCH faster. Nostr is governed by Metcalfe’s law, value of network = users ^ 2. Whereas BTC doesn’t get that luxury (buying BTC and HODLing does exponentially add value to the network). I took Bitcoin 14 years to get to approx 500 million users. I suspect Nostr will get there in half the time, maybe much less.

Simple is powerful. Here's the timing of BTC. Prolly means we are entering the re-accumulation zone.

This cost basis contour map shows the dense areas where coins last changed hands between investors. One of the key signals that the next bull market has commenced is when price rises with significant coins changing hands to chase it. That's what's happening right now. Posted on Nostr first, Twitter gets a time delay.