Nirvana

@chumbawamba22 from QQQ to QQQQQQQQQ. got it.

This doesn't matter long-term - better alternatives exist. A BTC pump over the next decade creates a massive tailwind for decentralized, private stores of value, which is the real endgame anyway as retail hunts for the next BTC. $ZEC

I will try: Neither side trusts the other, but both see benefits in a two-week ceasefire that would allow them to import and export goods through the Strait. They'll use the time to regroup and restock before resuming the fight two weeks later (unless a certain country sabotages things by deliberately breaking the ceasefire)

so whats the most neutral summary now that we have a us-iran ceasefire?

Always remember that you can just do things and you can create any version of yourself that you want and it’s not constrained or predetermined Have a good weekend ❤️

Everything you do has to be rockstar shit

Man suffers only because he takes seriously what the gods made for fun.

@countdraghula why is regulatory approval needed for Fed to reduce its own holdings though?

I find the stance against the size of the balance sheet to be an interesting one. While there is some truth to Warsh's assertion, the size of the balance sheet is a function of regulatory requirements rather than any intentional move by the Fed. To seriously reduce the size of the Feds balance sheet regulations would have to roll back to pre GFC where prime funds could buy short term bank bills. Maybe this could happen???

@nftimm @goatdsalmon You are looking at round stats, I am looking at actual mint vs burn. That one negative day was for when the buyback wallet glitched and resumed. I would love for this not to be the case, but the trend has been inflationary for the vast majority of days.

@nirvana_gm @goatdsalmon In the last month mining rounds have been 70%+ deflationary.

ORE has done 10M+ of revenue in the past 30 days alone. I’m not sure what the reason is for this recent price action, but I don’t see a world where it isn’t trading 10x higher in the near future. 50M market cap is a joke.

Q for $ORE brains: why doesn’t long-run price just converge to ‘production cost + protocol rev’? What’s the actual SoV premium thesis on top of that? Why don’t miners / short-term users eventually arb away all excess? Is it the limited supply argument of 5 million total coins? Or staking yield maybe, but that's reflexive to the downside too? @OREsupply @HardhatChad @goatdsalmon

@mert The main issue is that zcash cannibalizes BTC's value prop long term. If you can have (optionally) private Bitcoin, why would you want to hold Bitcoin? one chair.

as geopolitics gets more complex, as valuations get more detached from reality, and as governments go into more debt and as the world's population gets more tech-savvy internet-native money will become more obvious I don't see how Bitcoin and Zcash don't get much bigger

@0xJulo Narrative-Market Fit

not sure if btc continues to provide diminishing returns but it is certainly possible (i choose to believe it wont for now) but alts (on average) will continue to get more difficult and dangerous to trade imo, irreversible trend. (1) massive competition amongst increasingly sophisticated buyers (who simultaneously believe less) (2) primarily traded on perps/with leverage. (3) huge dilution in coins with mkt valuing stuff high by default without justification (4) launch FDVs always capturing 100% of optimism for the asset without respecting price/valuarion (5) too much pre-market price discovery for (4) to be safe the average 2017 buyer buys spot and hodls weeks/months cos they believe, add on the way up, asset was trading at low val early so works out. average 2025 buyer is buying on perps without checking the valuation and sells whenever their PNL goes red or force sells in liquidation. however, it will remain the best place for returns for smart ppl. skill expression and asset selection is much more important. patience much more highly rewarded over being "early" on liquid markets last few years. and then outlier assets will continue to exist, maybe 1 every couple of years, and when they turn up you can turn brain off and 2017 it. imo anyways (hopefully)

@tbr90 But wouldn’t this require Fed to abandon their dual mandate?

There’s two ways to operate in this space: 1) Be faster or first 2) Underwrite investments better than others Today displayed both of these paths as valuable ways forward in crypto. Jummah Mubarak // Happy Friday

The mental game is the only game.

@sonder_crypto This would probably happen way less if perps didn’t exist.

Every time I deposit money into an active trading wallet, I have to lose like -30% of it first before I take it seriously and run it up. Not sure why. But this happens consistently lol

@cobie @lBattleRhino GCR (even just audio only would be lit)

but it is a good question. i thought maybe no guests but ledger has missed 3 yrs of crypto so nothing to talk about without guests lol * jeff + shoku * prediction mkts * light if he will do it again * maybe arthur hayes, never came on before * maybe some recent founders of ok stuff * errrrr who else fk

Up only back is dope but who will they have on, we don’t have anywhere near the level of interesting main characters that we did last cycle

@cobie @zoomerfied Genuis move by Coinbase. Perfectly timed morale boost after a large swath of CT got wiped out.

@zoomerfied Ah man wtf

[ ZOOMER ] COINBASE.ETH ACQUIRES COBIE'S UPONLY NFT FOR $25M, MEANING UPONLY WILL BE RETURNING FOR ANOTHER SEASON: ONCHAIN

Hear Stanley Druckenmiller @standuquesne on what makes a great trader. 1. Ultra-competitive and indomitable will to win 2. Discipline no matter what system 3. Emotional regulation/control “I think the main thing is you have to be disciplined, you have to be unemotional and to me the really great one’s you have to have courage and be able to play big when the opportunity is there”