I think we can do ourselves a big favor by ignoring Bitcoin‘s exchange rates for the next eight weeks. If your position is leveraged consider unwinding.

“Thus the whole fabric of our vast commerce is found to depend upon the improbability that the merchants and other customers of the banks will ever want, simultaneously and suddenly, so much as one-twentieth part of the gold money which they have a right to receive on demand at any moment during banking hours.” W. Stanley Jevons in “Broken Money” by @Lyn Alden . Jevon’s text was published in 1875 and it seems that the banking sector was working more on diminishing the likelihood of depositors wanting their money back than on establishing a sound banking system with a high asset/liability duration integrity. This “fabric” will be torn to pieces. Prepare.

Really enjoyed each of these

I just booked my flight to

Bitcoin Atlantis

A Bitcoin only conference in Madeira Island, in the middle of the Atlantic.

and am looking forward to this mega event. I was totally surprised to see that I could pay for the flight with "Miles & More" miles I collected ages ago (between 2000 and 2007). So, it seems that airline miles are a much better SoV than most shitcoins.

PV - B we will win 🤙🏻

Today, I stumbled over this () talk by Yanis Varoufakis. Perhaps the powers behind the YouTube algorithms thought I needed a dose of that. I did think highly of YV; I thought it was unfortunate that he did not have the full support of his president and his people when he was finance minister in 2015. I thought he could have made a remarkable difference then. Now, this talk is disappointing in many ways. Bitcoin is quite possibly the best bullshit detector ever - SMH. Is Yanis Varoufakis aspiring to become Taleb-2? Why not have him debate @Saifedean Ammous, @Lyn Alden.

PV - autumn hike due

cool 👀 View quoted note →

Bitcoin failed as geopolitical hedge? Ansler Lindner does not think so and brilliantly explains in detail:

Fountain

Bitcoin & Markets • Bitcoin as Geopolitical Hedge - E376 • Listen on Fountain

Bitcoin & Markets: Macro, money, geopolitics and news LIKE AND COMMENT!! In this episode, I respond to the claim that bitcoin is not a hedge agains...