wealththeory
Wealth Theory

Optimistic

Public Key

npub1xqzdgks2kc6jccdxykr22lzs7y2ezstv98d3zsek0f8svga5j89q35ej64

NIP-05 Address

Profile Code

nprofile1qqsrqpx5tg9tvdfvvxnztp4903g0z9v3g9kznkc3gvm85ncxyw6frjspz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsfyl0yf

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub1xqzdgks2kc6jccdxykr22lzs7y2ezstv98d3zsek0f8svga5j89q35ej64

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Last Notes

2024-08-13 06:13:35

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👌

2024-07-29 07:12:10

What happens if you give the greatest sales pitch ever to the greatest grifter ever to save America? 😁 https://image.nostr.build/e431f10fa48040c9e239dd774a842da836a1904ea03c44e68cc6d90a5abf0e33.jpg

2024-07-24 16:42:06

Is Bitcoin a State? https://image.nostr.build/65f49ce3f64a61427accb02f9b07fcf1a5cfa610526a36ba07b16c425a296073.jpg

2024-07-23 16:57:07

Politics, succinctly 😅 https://image.nostr.build/7058bfb972901e2804286ed5edad934eb4ad4a09922e565bdbf9bfbc7b677f0f.jpg

2024-07-23 04:33:49

They 100% tried to allow Trump to be killed on national television.
They wanted clips of his brain being splattered to be all over the internet.
Inside job. Secret service was in on it.
Convince me otherwise.

2024-07-18 03:58:43

Family cottage in 🇨🇦 https://image.nostr.build/f2ceb02dcdcf59f043c3013c1b0d08f36e0cc84e66fa7fa0c474a88063f70e84.jpg https://image.nostr.build/ff1e7792704ece6012bc5abbaae5c4d6200148fa4a6b573424cd1cd4d14f97da.jpg https://image.nostr.build/13f4ac93eff621c8a34ab99d842e17a7967c6d046d20bea3547992e144d09ca1.jpg

2024-07-17 06:33:44

There will come a time when you think you’ve reached the end. That will be the beginning.
- Louis L’amour

2024-02-15 21:25:45

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Spirit/son/father
Mind/body/soul
Energy/matter/universe

2024-01-11 05:26:01

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He might not actually. He understands it and he’s busy building things that will earn it. Don’t see why he would sit around thinking about it. He isn’t a hoarder.

2024-01-11 05:19:55

We can and should force Elon to think about Bitcoin. Bitcoin is a big driver of traffic on X, and it is relevant to every major issue on earth.

2023-12-27 16:05:45

$Corzq trading at $1.80 now. Emerging from bankruptcy with common shares getting warrants and and equity rights offering at .34 equivalent.
1 for 1 on #NostrCalls. 💰 #note1m7g…petx

2023-12-23 05:58:14

I think that the greatest feeling in the world is to feel and know deeply that the people you love most in this world, your children, are lucky to have you as their parent.

2023-11-30 15:50:07

Everything you have is meaningless if you don’t have people to share it with.

2023-11-09 14:01:52

“Grandpa just bought and held Bitcoin. He didn’t talk about it or post about it or check the price. Just bought it and worked on things he cared about and spent time with his kids like a psychopath.”

2023-11-04 05:23:33

"The price of greatness is responsibility."
- Winston Churchill

2023-11-02 22:15:20

Consider that believing in Bitcoin is not nearly as hard as believing that your neighbours will eventually understand it as you have come to understand it.
Faith in humanity has understandably become scarce, but perhaps we are selling humanity short.
Faith, hope, and optimism are rational and memetic.

2023-10-31 22:31:41

Canadian Liberal MP Joel Lightbound thanks Satoshi today.
These comments stand in contrast to Liberal Prime Minister Justin Trudeau, who has publicly mocked heavy PM favourite Pierre Poilievre for his pro-Bitcoin comments.
Incidentally, Lightbound was the first Liberal MP to speak against Trudeau during the Freedom Convoy as well.
Perhaps he will be a player as the failing Liberal party looks for a new direction when they move on from Trudeau? https://video.nostr.build/b7b7f6d68ea77b9e1d3d2942a4fbbaee819bd09fcf8a7e00cf2ab81a69ab883c.mp4

2023-10-25 15:21:17

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Do you think that the human element of content is still something that we will crave as a relatable experience?
Like a cover band does not have the same drawing power as the original band, even if the performance is better. I don’t want to listen to a computer that sounds like Eminem, do I?

2023-10-23 17:25:51

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Barstool

2023-10-23 16:48:31

My new hat is a flex 😁 https://image.nostr.build/b31085ca20b71de6fa1a9ffc99245cd031e45fcf0def832d35e7c0da8575523a.jpg

2023-10-23 16:24:07

The enlightenment leads to hyperbitcoinization.
First the left/woke movement became tired, now the pendulum is swinging right, but that’s not the only change.
Angry people are being rejected. This is just beginning so it may be hard to notice now, but the angry rabbit holed individuals of Covid from across the spectrum are losing socially.
The future belongs to the movement that focuses on hope and progress, and the most hopeful, progressive people are in the bitcoin community because we have a reason to be optimistic that doesn’t rest on politics.
Cheers. 🟠☀️

2023-10-23 14:31:41

Orange and frosty 🟠☀️ https://image.nostr.build/7252499fb4cc635aee1cfd2c49c0770e912aef9b70b98cc4e18f3cdfe254f5c0.jpg https://image.nostr.build/0fc9e3dccbdcf3686f5dd1804faa61aa5af412296255fda69d8994425e6a248e.jpg

2023-10-20 18:05:28

https://image.nostr.build/95db1125926ebea9732a19a9a899a9ac6731f7c9e97fd03f97f446b00625cdbf.jpg

2023-10-18 17:04:14

https://image.nostr.build/bf6116ce6ca09e2dcdbebf5f0b94a8b2167b0b8094c95f454a985fce8cf0ae58.jpg

2023-09-29 03:04:27

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Bendigo Shafter by Louis Lamour

2023-09-28 01:44:31

https://image.nostr.build/d1599ea2684b4b0993939e9841df5402b3ee1c6961c71d5c16da62663bb7df33.jpg

2023-09-20 02:16:31

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Nvmd won’t upload lol

2023-09-20 02:14:17

5 minutes of Northern Ontario sunset filmed by hand on an iPhone 6 (which was a feat of endurance).

2023-09-20 01:57:02

My iPhone 6 is working hard 😂 https://image.nostr.build/4ea9fee6582559c0addf16dd509660e1239c07b4c0c8481e90bf0e0199f305c4.jpg

2023-09-20 01:27:03

Beaver 🇨🇦 https://video.nostr.build/dc1c9812fce6e9a61d0cbb9351a255401899d46dbbd09fe5fa3eac2cc3d5007c.mov

2023-08-27 12:35:30

https://cdn.nostr.build/i/07093a0bd04b068b7fd29e0747b21b0bd67c07d0d3e1fc68587ec456905f40f2.jpg

2023-08-17 19:31:44

Henry Shepherd bought an entire town with 97 family dwellings, gymnasium, bowling alley, theatre, down hill skiing area, football field, church, medical buildings, a school, an office building and more on 290 hectares of land for $140,000 in 1988.
Incredible story! https://cdn.nostr.build/i/0cfef7bf8d31f2a6ea1cf5092869f8536e6e188fcfc3a8b7d42a93308e908def.jpg https://cdn.nostr.build/i/2e6b6d13a2855c61db850fc82c8a56da5cdb757655544aec92cd5160af1089dd.jpg

2023-08-17 02:50:15

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Scrabble from 1980 🥸 https://cdn.nostr.build/i/e03a48a3bb44024a8b4f131860a6ba19685a9fce35a7d2302a9b3a69c48e600c.jpg

2023-08-17 02:06:19

Check out this awesome original Monopoly game I found in my new 60 year old original log cabin.
“THE BANK never ‘goes broke.’ If the Bank runs out of Money it may issue as much Money of its own as it may need by merely writing on any ordinary paper.”
The classics never get old! https://cdn.nostr.build/i/2a59b96a7573e52ac17a09dad4da13ce0c989677ba904756b27df3e04658b6d6.jpg https://cdn.nostr.build/i/1006dfb5b85e4a3ba48767964a78f940c025f7f90751b11cf0745ed256dfb604.jpg https://cdn.nostr.build/i/01acc6aa15cc643a3e81a748f1e09cac30e1f6c31bf3e9ab008c45a254bf3ca8.jpg https://cdn.nostr.build/i/6f04fc1d2e5c80d11b6a2e89c059776bf18f69955358f7b7c0193fdb0d0f3179.jpg

2023-08-13 18:23:59

Who wrote it?
“Secure aristocracies that have no need to exert themselves usually become bored, hedonistic & demoralized, even though they have power. This shows that power is not enough. One must have goals toward which to exercise one’s power.”

2023-08-02 05:40:35

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Weird that it was gone

2023-08-02 05:26:20

"Democratic governments border on anarchy, monarchy on despotism. Anarchy is powerless; despotism can do great things"
- Napoleon

2023-07-30 04:50:03

https://cdn.nostr.build/i/18fbad20d6f3023d982e5efa70d2b9191b78a628dd3e4a1b0fe7125fda2ec19e.jpg

2023-07-13 02:55:31

Testing Primal 👌

2023-07-12 15:56:22

You don’t have to be a rocket scientist to see where this is heading:
US Inflation over the last couple of months (CPI YoY)
March 2022 +8.5%
April +8.3%
May +8.6%
June +9.1%
July +8.5%
August +8.3%
September +8.2%
October +7.7%
November +7.1%
December +6.5%
January 2023 +6.4%
February +6%
March +5%
April +4.9%
May: +4%
June: +3%

2023-06-29 16:50:24

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I think we just formed the first Nostr stock pickers group.

2023-06-29 16:43:44

😁 #note17lu…yg5n

2023-06-22 20:57:11

$CORZQ #note1m7g…petx

2023-06-22 03:58:56

🟣🟠

2023-05-26 13:01:06

https://nostr.build/i/9089ddb68e19b48226e6b0439f9bbc509aef82a880c34617d63c6c895b8749e1.jpg

2023-05-18 05:29:12

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#[3]

2023-05-18 05:28:16

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Very interesting times. I find it challenging to look past these technological advances.
Elon mentioned living in a state of “deliberate suspension of disbelief” to stay motivated. I find that to be a fascinating statement as I think that a deliberate suspension of disbelief is just a long way of saying you have faith.
There has been a rapid rise in atheism and agnosticism, I’ve gone through this myself, and I believe this is both a cause and consequence of many social occurrences right now. Living with a purposeful faith is a very difficult thing to do outside of a religious mindset.
AI advancement is making a lot of existential discussions very relevant and I’ve got a lot that I could unpack on this subject. Maybe some day on a beach over a campfire..
@nvk

2023-05-10 22:53:30

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I agree. I think that Twitter is buying Nostr some time to incubate as well.

2023-05-10 22:51:38

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Promising!

2023-05-10 04:00:23

The success of Twitter is the success of free speech. If Twitter adds all these features and starts becoming essentially a tv news channel and it works well, it’s going to explode.
A privately owned everything app is extraordinarily powerful and could easily influence a currency revolution that would change the world forever.
People seem to ignore that Elon Musk has said publicly that the only significant thing he owns outside of his companies is Bitcoin. His companies all hold Bitcoin, except for Twitter. Tesla stated they would suspend accepting Bitcoin as payment until mining was a little greener.
The currencies of the world are not performing well. Inflation is real, and Musk could be tiptoeing towards a powder keg.
Dump the destabilizing force of AI into this environment..
This is a unique time in history brought on by record innovation speed in the last 50 years. People are more educated than ever. Everyday people are following the Fed.
There is a very interesting year ahead and it has the potential to be extremely lucrative for people who are paying attention.
Do other people see the world this way right now?

2023-05-05 17:59:36

Banking Crisis explained simply:
We’ve printed money into a fractionally reserved ponzi for decades. The hubris got so great that government really thought they could shutdown the economy and pay people to stay at home with printed money during Covid hysteria.
Production stopped, scarcity exposed the excess capital in the system and the consequence of counterfeit dollars chasing fewer goods is inflation.
Now the Fed in its hubris thought they could slow inflation by cranking up interest rates.
One massive problem: the banks are fractionally reserved, and the Fed is offering yields far higher than the banks can pay. This has created a withdrawal vacuum from the banks.
The smallest, most levered banks are failing first, but this problem exists in all fractionally reserved banks.
If the Fed lowers rates meaningfully it will cause inflation to run hot again. If they keep rates high they will continue sucking money from fractionally reserved banks, and those banks will need to be bailed out with printed money or all large deposits will be destroyed.
You may have heard the expression, “you cannot taper a ponzi.” This is what that looks like in real life.
Money printing is a delusional idea and it has real world consequences. It has been repeated throughout history.
See the decline of the integrity of Roman money illustrated below:
The fact that billions of working men and women must sacrifice 40+ years of their time, energy, health, and focus to gain access to fiat currencies that central banks replicate with a keystroke is theft at the largest scale humanity has ever seen.
Cheers!
https://nostr.build/i/nostr.build_53f7d2db1589da6da3b474b795f1a84e237c994c224b8afdb1501c8b0a3400b5.jpg

2023-05-05 17:59:30

2023-05-02 04:35:26

RIP to my favourite, Gordon Lightfoot
There's a kind of a restless feeling and it pulls me from within.
It sets my senses reeling and my wheels begin to spin.
In the quietude of winter you can hear the wild geese cry.
And I will always love that sound until the day I die.

2023-04-30 19:18:27

https://nostr.build/i/nostr.build_8c914e69b5a5474e26096bcdf70861e77fb4a54cc16163b5840bc7d6cf898844.jpg

2023-04-26 17:19:24

Printing money debases the working class and erodes productivity while increasing the money supply.
This is the root cause of inflation.
If you’re working pay cheque to paycheque for dollars and own no assets, you’re not headed for trouble, you’re already in trouble.

2023-04-26 05:59:19

If you thought the Hunter Biden laptop could swing votes wait till you see what the prosecution of Fauci does.

2023-04-26 05:48:25

Canadian real estate is kicking higher! Can you imagine?
At what price do millennials start wondering about the value of a dollar?

2023-04-26 03:54:41

https://nostr.build/i/nostr.build_51921cdd36912d9d9ffae30955cd9e9aa7e6cfb3d6edee546f8a7c62ac9b531f.jpg

2023-04-22 21:48:21

https://nostr.build/i/nostr.build_021108da0e6d8578b4ca233585f1e97c827abc5ca72336c9aca6842dc2e00649.jpeg

2023-04-18 03:47:50

Karma is a bitch CBC 😁
https://nostr.build/i/nostr.build_cc5970ed6844a28962793b59d416d7adcc43ef7352a0d801102bb7079deb0c29.png

2023-04-13 23:01:39

Dads can save Bitcoin for their grandkids. How cool is that?
The long term implications of plebs raising children to be of solid character so they’ll be responsible with our Bitcoin legacy will be fascinating. 🧡🙏

2023-04-13 22:46:42

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Buidlers and hodlers 🫡

2023-04-13 22:44:33

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It works and the people here are aligned. It’s great energy and affirms my optimism.

2023-04-13 20:29:19

Good days start with good dads!

2023-04-11 16:20:17

POS centralizes wealth over time.
POW distributes wealth over time.
Percentage of Wealth Held by Top 1%, by Year:
- 1990: 23.5%
- 1995: 28.2%
- 2000: 27.9%
- 2002: 25.6%
- 2004: 27.4%
- 2006: 28.9%
- 2008: 28.4%
- 2010: 28.3%
- 2012: 29.6%
- 2014: 30.6%
- 2016: 31.0%
- 2018: 30.7%
- 2020: 30.7%
- 2022: 32.3%

2023-04-11 16:03:24

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I think most people have a hard time believing that ethics and morality can align with profitability, but they certainly do because what’s ethical and moral can be defined as that which works best for a collective of individuals.
I think?

2023-04-11 15:58:41

Update in Core Scientific Ch 11 proceedings:
Currently trading around .30. Can they emerge from bankruptcy at these Bitcoin prices?
https://cases.stretto.com/public/X217/12024/PLEADINGS/1202404112380000000008.pdf

2023-04-11 14:48:57

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🎯 which is why they will bend to bitcoin

2023-04-11 14:45:52

Bitcoin is becoming a political tool to tap generate social interest for candidates.
This is how it starts, and soon the tail will wag the dog.
🟠🟣🙏🧨

2023-04-10 18:03:32

A man’s got to realize what is happening, what has to be done, and he has to do it, all in the same moment.
- L’amour

2023-04-06 23:25:19

There are a lot of bitcoiners

2023-04-06 05:43:28

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Cc: #[1]

2023-04-06 05:39:22

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That’s surreal

2023-04-06 03:45:27

Trump is going to town on the dollar
https://nostr.build/i/nostr.build_0738af79c3f2bc3fa39f2efc838db7272c8ad06e9d0652751df86dac6d62c66d.jpg

2023-04-06 03:43:17

A Bitcoin standard classifieds website built on Nostr and lightning called Satisfieds would be cool and a circular bitcoin economy. 👀🟣🟠

2023-04-05 18:13:45

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Terrible.. get a tan and stay relatively lean and lift a bit. You’ll look better than that.

2023-04-05 16:56:14

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🙏

2023-04-05 16:41:03

Is anyone working on personal analytics for Nostr users?
I think that’s an important feature.
It’s awesome that we get to take everything that works and apply it to a better foundation. The second mouse gets the cheese.

2023-04-05 16:34:31

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Where is this polling?

2023-04-05 15:17:27

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That’s a fair criticism.. it’s just a cute analogy

2023-04-05 15:14:06

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Gold is where most who don’t understand Bitcoin look when they see the dollar breaking, but the conversation about the most suitable reserve currency will lead to Bitcoin.
Gold is an orange pilling machine.

2023-04-05 15:10:25

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👀

2023-04-05 15:08:11

Gold is John the Baptist in this story.
Few understand this. 🟠

2023-04-05 15:03:57

They wanted to break us during Covid but they made us strong instead.

2023-04-05 14:47:35

Nostr trending 👀🟣
https://nostr.build/i/nostr.build_75a1889397d876c4836af84b9da829a70e417ce71db21c68863910d2df283226.jpg

2023-04-05 14:24:45

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Character building. Covid in Canada did that for me. I was forced to exercise my principles when they were unpopular and accept confrontation. It was one of the only good things about those years.

2023-04-05 03:34:55

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https://twitter.com/wealth_theory/status/1643423488458235904?s=46

2023-04-05 03:23:33

“Our currency is crashing and will soon no longer be the world's standard. Which will be our greatest defeat, frankly, in 200 years.”
Trump just now from Mar-a-lago.
Bitcoin anyone?

2023-04-05 02:42:38

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Wow

2023-04-05 02:37:23

Nostr feels like it matured about 6 months in one week. Wow.

2023-04-05 02:29:11

https://nostr.build/av/nostr.build_a9a5a85a6e1e52e29a0b800b969b4de64b21282998adb03b148a54f469a398e7.mp4

2023-03-26 20:23:18

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HOF Nostr post

2023-03-24 18:05:15

Buying Bitcoin is like staking land in the New World before everyone else knew they wanted it.
It’s digital real estate on a monetary network that everyone will eventually use to store a portion of their wealth at the very least.

2023-03-24 17:07:10

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The Bible bro 🤣

2023-03-24 02:24:32

El Salvador President to eliminate all taxes on income, property, and capital gains for technology innovations.

2023-03-24 02:18:30

Is Core Scientific going to emerge from Ch 11 bankruptcy?
On Dec 14, B Riley wrote an open letter to shareholders laying out a plan for a 72 million dollar loan that could help Core avoid Ch11 bankruptcy.
https://seekingalpha.com/pr/19056150-b-riley-financial-issues-open-letter-to-core-scientific-investors
“Our analyst, Lucas Pipes, has been following Core Scientific since February 10, 2022. Based on his model, adjusted for current metrics, even at a Bitcoin price of $18,000, Core Scientific can generate Adjusted EBITDA of ~$140 million. Additionally, if the company builds out the Denton, Texas facility for an incremental $40 million of capital, that could add an additional $25 million of EBITDA, resulting in a run rate EBITDA of ~$165 million. On top of that, every $1,000 increase in the price of Bitcoin would likely add up to $20 million of EBITDA—meaning that if the price of Bitcoin were to increase to $20,000, Adjusted EBITDA could be over $200 million on a run-rate basis. If Bitcoin prices return to $24,500, we estimate that Core Scientific will generate nearly $275 million of Adjusted EBITDA to service creditors.”
Worth reading the letter.
Core did end up filing Ch 11 bankruptcy.
On Feb 3 a group of equity holders asked the court to form an official committee they claimed would provide “critical input with respect to valuation and negotiating Chapter 11 plan terms on behalf of equity.” The group said that Core Scientific is solvent, and that given the recent rally in bitcoin prices and the improvement of energy markets, “the value available for equity is increasing.”
On March 1st, B. Riley’s DIP loan was approved and the equity committee was also approved. The equity group represents 69 million shares. Insiders hold 107 million shares of the appx 369 OS.
https://finance.yahoo.com/news/core-scientific-bankruptcy-judge-set-005507515.html
In the filings for the approval of the committee:
“The Debtors, their advisors, and the Special Committee of Independent Directors of the Debtors’ Board of Directors (the “Special Committee”)3 are keenly aware of the Debtors’ duties to all stakeholders, including equity holders. After careful consideration and deliberation, the Special Committee determined that the appointment of an Official Equity Committee with a limited scope and Budget is appropriate at this time for two primary reasons. First, rising bitcoin prices and lower energy costs suggest the Debtors may be solvent (and, at the very least, are not “hopelessly insolvent”).”
And in the official response:
“At the same time, one of the Debtors’ most significant operating costs – utilization of power to operate their mining facilities – has declined steadily since the Petition Date as underlying fuel costs have generally decreased.6 Higher bitcoin prices, lower power costs, and other developments have all served to improve the Debtors’ prospects since filing. The marketplace’s interest in providing the Debtors debtor-in-possession financing in late January further evidences the Debtors’ improved financial prospects since the Petition Date. The Debtors received four new DIP financing proposals in January versus just one from the Ad Hoc Noteholder Group (as defined below) in December7”
11. “If current conditions continue to improve, it is likely that the Debtors are
not “hopelessly insolvent,” and plausible that the Debtors are solvent”
https://cases.stretto.com/public/X217/12024/PLEADINGS/1202402252380000000010.pdf
Bitcoin was $23,000 at this time.
$CORZQ is currently trading at .30 with a market cap of around 70 to 100 million. They’re mining 45 to 50 BTC a day (posted daily on twitter). If they can emerge from Ch 11 the share price should be significantly repriced when compared to other public miners as I believe they are the largest publicly traded miner by hash rate.
Any insights are welcome. This is not intended to be advice in any way shape or form. Just though I’d try out Nostr for some crowdsourced DD.
PV 🟣🟠🙏

2023-03-23 22:07:09

The Fed balance sheet increased by $93B during the week for a total of almost $400B in 2 weeks.
About 65% of the balance sheet reduction in the last year has been undone in two weeks.
This is fine. 🔥🟠🟣

2023-03-23 13:47:49

Dutch central bank (DNB) suffered a loss of almost half a billion euros last year - the first loss since 1931.
Substantial losses are also expected for the coming years. The losses could increase to such an extent that the built-up buffers are no longer sufficient, Business Insider reports.

2023-03-23 13:32:34

Hindenburg is short Square

2023-03-23 02:50:37

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Didn’t know that, thanks!