“Bitcoin sets the cost of capital!” “Sats flow!” Only if NGU. Storer of value? Medium of exchange? Unit of account? Only if NGU. Perhaps all the rich bitcoin OGs should return to their roots and remember that there is an entire generation of bitcoiners who have been in - some all-in - for 4+ years and all we have is a stupid “bitcoin $100k” hat. Absolute scarcity needs to do its thing. The fact that it hasn’t yet shows that while bitcoin influencers circle jerk with podcasts and venture capital firms, the credibility of bitcoin as money is being interfered with by Coinbase, binance, and the like.

Where is the puhmp!? View quoted note →

Financial leverage = balance sheet position Operational leverage = life position Having both at the right time leads to incredible wealth. Having both at the wrong time leads to financial ruin.

Can we go back to worrying about NGU … ? Im annoyed AF right now. 100+ days since the ATH and even that was kinda late and pathetic based on historical standards. Exponential means exponential. Not linear. Not diminishing returns.

Class of ‘21 maxis are the real ones.

Who is selling? Absolutely absurd price action.

On April 15, after you mail in your taxes ask … you and your friends over drinks … why pay? April 15th: ‘Why Pay?’ Day