I love how the Yen carry trade has its own emoji šŸ’±
Now that mempools have cleared again I would like to see a grovelling apology from everyone that lost their minds about ordinals 'spam'
My feelings about Roger Ver vs IRS & should he be pardoned are a superposition of ā€œI am a generous godā€ Xerxes and ā€œThere will be no glory in your sacrificeā€ Xerxes
He’s bang on here šŸŽÆ ā€œā€ Do you really think BRICS is interested in adding a meme coin to their reserves, or one controlled by an American CEO? Do you believe they’d choose a USD stablecoin issued by an American company trying to position itself as a neo-Federal Reserve Bank? Or are they far more likely to adopt the coin that has been relentlessly vilified and condemned by the U.S. for over 15 years precisely because it operates beyond U.S. control? The coin that guarantees sovereign access to block space, ensuring transactions cannot be censored or denied, provided they continue to possess the physical power and infrastructure *they've already invested in.* What many on my news feed fail to grasp is that we are not the only ones who get a vote. The question of ā€œWhat should be in America’s crypto reserve?ā€ isn’t about what Americans want. The next global reserve asset, by definition, will be the one chosen by other nations—particularly our global competitors. And BRICS will almost certainly favor the asset that offers the greatest independence from U.S. influence—the one that is demonstrably censorship-resistant, provably decentralized, and sovereign. The one that wasn’t premined. The one that isn’t being shilled by cringey, wannabe American influencers. The one the U.S. barely owns, thanks to its own hubris and shortsightedness on this issue. Our personal preferences are the least important factor in choosing the right assets for our national stockpile, and this is a matter of national strategic importance. The only question that truly matters is this: What assets are *other* countries—especially our adversaries—most likely to choose? If you cannot confidently say that nations like China or Russia will add massive amounts of your favored crypto asset to *their* strategic reserves, then you are being insincere—and you’re undermining the future security and prosperity of this nation. Knock it off. ā€œā€ View quoted note →
Feel like we need a better argument against ā€œWhy not other crypto too?ā€ for any sovereign stockpile (SBR). Currently we’ve got ā€œbecause Bitcoin scarceā€ (arguments that others aren’t don’t feel robust enough), ā€œbecause they’re preminedā€ (makes sense but need to explain why people should care), ā€œbecause XRP funded Harrisā€ (this is a vibes & politics argument but might work)
Now feels a good time to remind you, anon, that you were certain Bitcoin was gonna win back when the US Gov was actively fighting it and we all assumed the US was going to be the last to embrace it. Things have only got better, you only need to worry if they get worse than that was. Ripple’s shitty antics only concern me at the level of feeling pity for the people that’ll lose a lot of money because of them. Don’t really even care if SBR turns out to be a National Cryptoasset Shitheap. They’ll work it out eventually. Bitcoin doesn’t need a nod from the President to keep trucking.
I’m slightly upset that more Bitcoin has been donated to Assange’s flight (₿ 8.104) than to @OpenSats ever (₿ 5.369) 😢 Going to guiltily go donate to FOSS Bitcoin devs and maybe you should too, if you’re able