Damn Yeah!

5 years and billions of dollars and this is it? @TheRoaringKitty Ryan might be a doofus . . .

@JacobKinge It is a protocol. Study TCP/IP.

Bitcoin isn’t a typical asset class, and it doesn’t behave in ways that technical or fundamental analysis can reliably explain. It’s better understood as a religion. Like any religion or cult, it gains strength as more people believe in it, and weakens when belief fades. The same, to a lesser extent, applies to many other assets as well. What draws people in are compelling, viral (often false) narratives: institutional adoption, sovereign adoption, inflation hedge, digital gold, and so on. When those narratives lose momentum or fail to materialize, sentiment deteriorates, and price will follow. Bitcoin is in a bear market. Until a new wave of narratives emerges to reignite the enthusiasm, the long-term trend will remain under pressure. But ask yourself: what narrative could realistically materialize now that would surpass those already pushed, when nearly every angle has been explored? That is why many long-term maxis are jumping ship, as they know the fad is over. A significant drawdown over the next few years is certain. It may seem out of reach now, but a move below $20K isn’t out of the question. Bookmark this.

@BitPaine beautiful

INT. DIMLY LIT ROOM — NIGHT A storm hums outside. Screens glow faintly with charts and yield curves. On the bed: Michael Saylor — pale, feverish, eyes blazing with manic clarity. At his side, hunched over a notebook and terminal: Andy Constan — tense, skeptical, already overwhelmed. ⸻ SAYLOR (whispering, urgent) No, no—you’re thinking in linear capital. That’s your mistake. This… this is recursive. Write. ⸻ CONSTAN (confused) Recursive… capital? ⸻ SAYLOR Yes! The base layer—start there. Common equity. That’s the foundation. Volatility absorbs everything. But we don’t stop at equity. We instrumentalize it. ⸻ CONSTAN You mean… leverage? ⸻ SAYLOR (irritated) No! Not leverage. That’s a blunt instrument. This is orchestration. Now—above it: convertible debt. Low coupon. Long duration. You see? ⸻ CONSTAN (writing, hesitant) Convertible… okay… but why would— ⸻ SAYLOR (interrupting, intense) Because volatility is the asset! The option is the yield! They lend cheaply because they misunderstand the underlying. ⸻ Constan pauses, pen hovering. ⸻ CONSTAN This assumes… the equity keeps appreciating. ⸻ SAYLOR (smiles faintly) No. It assumes monetary debasement continues. The appreciation is merely… the signal. ⸻ Saylor shifts, wincing—but pushes on. ⸻ SAYLOR (CONT’D) Now—next layer. Preferred issuance. Structured yield. Senior to equity, junior to debt. A bridge for those who cannot stomach volatility… but crave exposure. ⸻ CONSTAN This is… three layers now. Equity, converts, preferred— ⸻ SAYLOR (excited, almost laughing) Yes! Yes! Now you’re hearing it. But you’re still thinking… instruments. Think stack. Each layer feeds the next. Each issuance lowers cost of capital. Each cycle acquires more— (he stops, breath catching) ⸻ CONSTAN More what? ⸻ SAYLOR (whispers) Bitcoin. ⸻ Silence. Constan looks up slowly. ⸻ CONSTAN So the entire structure… exists to accumulate a volatile asset… funded by increasingly complex liabilities? ⸻ SAYLOR (firm, almost serene) No. It exists to transform volatility into credit. To turn belief… into yield. ⸻ Constan shakes his head. ⸻ CONSTAN This doesn’t clear. The risk stacks. The convexity is unstable. If the asset turns— ⸻ SAYLOR (sharp, sudden energy) It doesn’t turn. It reprices the system. ⸻ CONSTAN That’s not a model. That’s— ⸻ SAYLOR —Faith? (smiles weakly) No. It’s thermodynamics. ⸻ Constan stops writing. ⸻ CONSTAN No one in traditional finance will accept this. The stack is too dependent on reflexivity. On narrative. On— (he searches for the word) —belief. ⸻ Saylor leans back, exhausted—but satisfied. ⸻ SAYLOR Of course they won’t. That’s why the yield is mispriced. ⸻ A long pause. Constan looks at the pages—dense, layered, interlocking. He cannot reconcile it. ⸻ CONSTAN (quietly) This won’t work. ⸻ Saylor closes his eyes. A faint smile. ⸻ SAYLOR It already is. ⸻ FADE OUT ⸻

@danmartell not always

Successful people are just regular people who kept going when it got hard.

@firearmvideos I'd call it Ole Painless

Name a shotgun

@dotkrueger Aren't we paying the military anyway?

Cost of maintaining the blockade: $1 Billion / day. Revenue lost by Iran: $200 Million / day. Next level chess moves right here.

Trump announces blockade of Hormuz. Which the Iranians have been blockading for 1 month. A blockade of a blockade. 4D chess.

why is everyone always talking about humiliation rituals?

@BitPaine @elonmusk minivans are so underrated

@elonmusk Can you please make a 5-7 seat convertible minivan on the cyber truck chassis and with cybertruck styling? 🥺

Cybertruck is so awesome. Until you’ve tried it out, you have no idea, because there’s nothing like it. Best product Tesla has ever made to date.

@tatumturnup gross

This is your random reminder to ditch Windows and switch to Linux Mint. Seriously. Get an external drive, back up your files, and just do it. Don’t think about it. Back up your files. Change your OS. Now. Do it. GO. NOW.

@elonmusk @grok Does the plane being closer to the satellite help reduce latency?

Starlink provides an Internet connection in flight that is on par with ground Internet speed & latency

🤣

@GoingParabolic more like Retardrutide

Retatrutide is an IQ test

@NeilJacobs What if it does $501? or $499?

If the Bitcoin price moves up $500 a day for the rest of the year, BTC will be over $200,000. Just a thought. 🤨

Bull shit

Doomers gonna doom

@dotkrueger He is not wrong

"We lend against Bitcoin. But we're looking for successful entrepreneurs who built business and sold them, not for people who got in early to Bitcoin. They tend to be on the sketchy side" -- JPM Private Banker, yesterday.

"I don't understand Bitcoin. I understand companies and profits, but I don't understand what makes Bitcoin go up or down. So I don't own any" -- Successful VC, to me, yesterday.

@DSBatten Maybe you are not an expert on experts and experts do know they are experts. Dunning krueger

I am yet to meet someone who I considered an expert on any domain who referred to themselves as an expert Intellectual humility is the base condition required for gaining genuine expertise.

@1914ad the mustache tells you everything you need to know about him

Nic Carter once declared that the new human society would be built in the Metaverse. Now he’s a quantum computing expert.

@Microinteracti1 unless we actually do get the nuclear material from them

The Iran ceasefire is being called a pause. It isn’t. It’s a confession. The United States deployed overwhelming force against a country that had already been sanctioned into the stone age, and still could not dictate the outcome. Iran keeps its toll. Iran keeps its protocol over the strait. Iran gets reconstruction aid and sanctions relief. The “defeated” side walks away with the waterway. That is a structural shift in who actually runs the Persian Gulf. And no amount of victory laps from the Pentagon briefing room changes what the fine print says. Gandalv / @Microinteracti1