Conor O’Toole
56 posts


@_Checkmatey_ Which bullion dealer gave you a 2% spread in Australia?
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Sold silver at the dealer this morning for a 3x over ~18 months.
Sell thesis was simple, silver chart is now parabolic, I received three messages in two weeks asking how to buy it, and gold/silver ratio has hit lows where it historically peaks out. Every twitter sub-community is now a silver community.
Topping stuff.
Some notes on the experience:
- I couldn't sell it yesterday because of public holiday in Australia, and I lost a few % points waiting for the dealer to open 9am this morning. I also had to bus to the city, pain in the ass.
- Lines out the door, all retail, all very excited to buy.
- Chit chat in the line was mostly retail folks bragging about how much $ they have made since last weeks buy, and why silver is now better than gold as an investment.
- In shop, many of the buyers had no idea how to think about weights, coins vs bars, different mints. Total newbs, or people who wanted the shiniest coins at whatever price.
- I was one of two sellers, other guy was selling a fat stack of silver, and clearly had been buying for a long time. Serious looking dude too.
- Sold 2% below spot price, so spread wasn't terrible.
The whole experience was 100x more time consuming, less convenient, and with lower control than a Bitcoin transaction. I couldn't sell when and at the price I wanted to. The spreads buying silver are heinous, and glad the spread on the way out wasn't too bad.
Bitcoin fixes literally all of the monetary properties here. Silver should be used in industry, leave the monetary use-case to gold and corn.
Staying humble and stacking sats with the proceeds.
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The leading funder of lawfare and dirty tricks against President Trump wants you to know that “Anthropic is one of the good guys.”
Thanks for clarifying that. All we needed to know.
Reid Hoffman@reidhoffman
1/ I want to state plainly: in all industries, especially in AI, it’s important to back the good guys. Anthropic is one of the good guys. More thoughts about why we need to fuel innovation and talk safety at the same time:
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I have apologized. Charlie Kirk never advocated stoning gays to death.
Colin Wright@SwipeWright
No he didn't and it's exactly this kind of extreme rhetoric that encourages people to commit violence.
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@ByzGeneral In reality it’s higher than 2.63% when you factor in all the bitcoin that’s been permanently lost (not accessible) over the years
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At what supply percentage do you guys think Saylor goes from hero to villain?
Delta@deltaxbt
2.63% of all BTC supply
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When you have massive moves like this in the 10y and 30y bond market over these past hours and days vs weeks, months and years, the culprit almost always is a trade gone wrong leading to a very violent and painful unwind.
Panic vs logic.
I wonder if we will find out that it was the culprit here as well.
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Tonight, the President announced pardons and commutations of sentences for those who violently attacked the Capitol and law enforcement officers on January 6th.
The President's actions are an outrageous insult to our justice system and the heroes who suffered physical scars and emotional trauma as they protected the Capitol, the Congress and the Constitution.
It is shameful that the President has decided to make one of his top priorities the abandonment and betrayal of police officers who put their lives on the line to stop an attempt to subvert the peaceful transfer of power.
Despite the President’s decision, we must always remember the extraordinary courage and valor of the law enforcement heroes who stood in the breach and ensured that democracy survived on that dark day.
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