Skanderbeg

“Reading maketh a full man; conference a ready man; and writing an exact man." Francis Bacon

Two things to consider as you read history: 1) The victor writes the narrative 2) Somehow, thankfully, the good guys always seem to win. Let the reader understand.

Hold up. Sorry to go back to the op return stuff and I'm a bit slow and didn't/don't fully understand taproot and some of the downstream consequences in terms of ordinals/inscriptions. But apparently you can relatively cheaply inscribe at least 400 KB of data AS IS within the taproot witness data, which makes the relatively more expensive OP RETURN portion with a proposed 100 KB cap (which is also prunable and doesn't bloat the utxo set) seem like a nothingburger. Most of you probably already knew this but figured I'd put it out there for those of us in the back who are a bit slower.

Fun stat: Bitcoin network annually uses about the equivalent of 21 nuclear reactors. (Assuming network consumption on average of about 170-180 twh over last year and each reactor producing about 8 twh/year). To put that in perspective, looks like US has about 94 reactors and china is next up with about 58, Russia has 36. Nation state resistant.

"But the serpent said to the woman, “You will not surely die. For God knows that when you eat of it your eyes will be opened, and you will be like God, knowing good and evil.” The more I think about it, I think one of the fundamental lies underlying many of the issues of our time and our history is the imposition of an egalitarian mythos in contradistinction to the reality God has ordained.

"Then out spake brave Horatius, The Captain of the gate: ‘To every man upon this earth Death cometh soon or late. And how can man die better Than facing fearful odds, For the ashes of his fathers, And the temples of his Gods"

The more I learn about the GENIUS act the more of a shitcoin it becomes. I think we all understand it's not really about Bitcoin. But it truly is just about extending the last gasps of dollar dominance globally and propping up treasury markets. Some have tried to frame it as "a necessary step to the SBR" (as an aside, the merits of which are very debatable and I think primarily serves to pump our bags while introducing a host of attack vectors and problems - although I think it is likely inevitable at some point) or as a "Trojan horse." The problem with the Trojan horse thing is that the act now mandates 1:1 backing of stablecoins with UST or equivalent and excludes "high risk" assets (i.e. Bitcoin). That crushes Saifedean's thesis from Vegas re: tether. Al this bill does is provide a framework for tether to restructure their reserves and come back onshore and probably for circle to get in the game too. Ripple is sitting in the corner like the perfect little suckup who wants in on the action but thankfully their market cap is so small no one really cares. The anti cbdc act is charades. The dollar is already a functional cbdc. The only signal in all of this imo is the self custody/dev protections in the current CLARITY act, which functions as a bill of rights of sorts (i.e. we can do it anyway but let's enshrine this type of deal). Otherwise it is just shitcoinery all the way down. Bad news for the US government is you can't just put a shiney facade (i.e. stablecoins) over a shitty system and call it good, although I suspect they will find ways to prolong dollar dominance longer than any of us think possible.

Mullings this morning. 1. We are called to lead and in some sense disciple our wives, calling them closer to the Lord. 2. We are, ourselves, sinners. 3. It is also true that love covers a multitude of sins, it is to a man's glory to overlook an offense, and "weaker vessel" means something. 4. Threading all of those needles requires the aid of the Holy Spirit, is often times an issue of prudence, and gives rise to sanctification and grey hairs.

Bitcoin in 2025.