8r0ck3feller
8R0ck3feller

#bitcoin, energy, & finance

scarcity requires trade-offs.

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npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcm

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nprofile1qqst6l33qf3eul9rf8hj0c3pphmdqfjcuqv6y2kxtyuutcddenjahzqprpmhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmdqyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueqlss5yn

Publishing to

relay.noswhere.com

relay.nostr.band

relay.damus.io

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npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcm

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Last Notes

2024-09-14 15:27:40

Got into a serious debate with a few finance professional boomers. They couldn’t believe this, even when they saw it. Still weren’t conceding to bitcoin value prop but you could tell they were shaken. #note1knw…9dt8

2024-09-07 02:38:49

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Like what type of software would this be impacting? I have no technical understanding of software…though I just learned what a RCE is through this exchange.

2024-09-07 02:18:49

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What are the implications of this?

2024-09-05 14:10:07

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“Going Galt” is a nice phrase.

2024-09-04 13:26:27

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This is the kinda stupid propaganda that fiat academics pass as truth in order to continue getting funding.
(1) Laws of Thermodynamics and (2) basic economics will keep this from happening.
If the concentration of nutrients isn’t naturally available under standard conditions, throwing money at trying to change the conditions won’t be as economic as just simply moving that person / persons who would benefit from this impossible technology to the place that has the actual nutrient density.

2024-09-04 02:14:23

When can I tell my in-laws “I told you so!”? Literally the only relationship I want to not be humble.
#bitcoin #stayhumble #stacksats

2024-08-31 09:52:47

Another ~1100 bitcoin sold out of ARK on Friday.
This isn’t institutional hodling. This is institutional trading. #note1gxc…ecxq

2024-08-31 03:19:23

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Here for the weekend. Wasn’t sure if there might be a workspace or something I could drop in on. 🤙🏼

2024-08-31 02:45:25

What’s the bitcoin scene in Boston? What’s the neighborhood / community focal point?

2024-08-29 15:29:58

NYC summer over Labor Day.
Capital allocators back in office.
*Exponential upside move imminent.*

2024-08-29 15:25:45

Is your government working to make you more free or more indebted?
**Edit for boomers: Is your government working to make your grandchildren more free or more indebted? **

2024-08-29 13:47:49

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I know there is a lot of leveraged trading on Bitcoin in both directions and that adds to the volatility in both directions. But over a long enough timeframe the accumulators of the physical bitcoin generally move the market up as true scarcity comes into play.
This 6-months range bound falling price action is weird. My instinct is that stackers and hodlers should have broken through this by now.

2024-08-29 13:09:28

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@npub1tsg…htk4 Who is selling their ARK/21 ETF position? Down 2,642 btc the last two days. The ETF now only holds 45,367 btc.

2024-08-29 13:08:22

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@npub1tsg…htk4 do you have any insights to this?

2024-08-29 13:07:29

Who is selling their ARK/21 ETF position? Down 2,642 btc the last two days. The ETF now only holds 45,367 btc.
That’s ~5% sold in two days. Not good hodling technique. #bitcoin

2024-08-28 18:23:24

MSTR is buying ~30% of newly mined btc at these price levels.
There is no way the global supply & demand dynamics at play here are organic and natural. Someone is manipulating something, somewhere, somehow at a magnitude serious enough to impact bitcoin’s purchasing power.

2024-08-28 16:59:45

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What triggers the absolute scarcity FOMO? Demand side or supply side? How is the increased spot trading volume (institutions) changing the signals you’re seeing on-chain?

2024-08-28 16:14:04

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The 2140 zero block reward boogeyman is the Y2K of Bitcoin.

2024-08-28 15:45:46

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I’m a big believer in this thesis. Bitcoin’s NGU success will limit its ability to be regulated for exactly this reason…spending Bitcoin to regulate Bitcoin is a waste.

2024-08-28 15:43:35

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I’m up nowhere near 300% … I smash bought a lot, perhaps poorly timed, early. I believed in S2F and made some major moves anchored in that back in 2021. I stacked aggressively every paycheck, every bonus / deferred comp for 3+ years.
My portfolio return profile is more consistent with equities than with paradigm shifting magic internet money. It’s one thing to be underwater on purchases during a bear market…but we’re supposed to be bull running.
I don’t have a lot of patience for the bitcoiners who are preaching “great time to stack cheap sats…” … that’s what the last 3 years have been. Now it is time to inflict some FOMO on the non-believers and cynics.
Class of ‘21 maxi hodlers have done our part…time for us to reap the windfall afforded to previous cycles.

2024-08-28 15:33:01

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That’s fine but when 📈🔥🚀?
I’ve been hearing the same damn “be patient” “keep stackin’” taglines for the last 4 years.
It was there when we didn’t have the blowoff top. It was there as we entered the bear. It was there when FTX blew up. It was there with the ETFs were announced. Now it’s been 5 months since the halving and the price has gone down, consistently. “Still a great time to buy, though.”
“It’s always a good time to buy bitcoin.” Okay, yeah, but - dude - at some point it has to be the asymmetrical payoff to justify this level of stress.
It is about time for this thing to rip.

2024-08-28 06:50:27

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Do they though? If anything, they should move faster…we’re not getting the institutional commitment “game theory” bitcoiners would expect at this stage.

2024-08-28 06:48:53

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It’s been 6-months of downward chop … need price action sooner rather than later. All these folks who have been around multiple cycles can’t appreciate how hard the 2021 cycle has been for first timers (no blow-off top, lengthy “consolidations”, backdrop of bad macro, etc.)

2024-08-28 06:45:41

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What should we watch? And who should we follow? There’s not a lot of that TA / quant content published over here on NoSTR…
(Also, wth is going on? Thanks.)

2024-08-28 03:24:11

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There is no way American public education will teach authentic early American history. Those early days were such a sh*tshow…in particular, financially.
This book is doing a good job summarizing how ineffective governments were (/maybe still are) at issuing money and managing debts.

2024-08-28 03:03:29

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Switch to Melbourne and I might make it.

2024-08-28 02:20:59

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“A Republic…if you can keep it.” -Benjamin Franklin

2024-08-28 02:18:17

American democracy is facing a failing currency. American democracy has been tested in the past…will it continue to persevere?
I choose to believe, “Yes!” https://image.nostr.build/635e21c775cb2e3a943519504e3936b6c7381e104a8849a37c7e0f19cd8870e8.jpg

2024-08-28 01:56:14

Been going through a lengthy period of stress. About to commit to reading a book to anchor in what matters. Life is the small things…

2024-08-28 01:54:07

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(Can’t see the thread if you don’t have a Twitter account…)

2024-08-28 01:53:12

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He’s all about going all in on medium of exchange. I think he views NOSTR as a distraction from that effort.

2024-08-27 21:03:35

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Then “they” fight you. Hedge funds getting into the bitcoin game … will be fun to see which one gets liquidated first.

2024-08-27 20:53:01

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NGU will keep them from being able to afford kicking down doors…they won’t be able to pay enough people to kick down the doors.
I can tell you’re frustrated about something. Truly sorry you’re angry about it. Hope things get better soon.

2024-08-27 20:51:23

That’s what’s awesome about capitalism (and by extension, Bitcoin): by worrying about myself and what’s best for me, everyone benefits. #note15s5…me6h

2024-08-27 20:00:32

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Every social issue we’ve seen play out since covid is them fighting bitcoin and our freedom. They can’t fight it directly because of Streissand Effect.
But if you look at EVERYTHING going on in our world through the lens of their money is broken, has competition they can’t eliminate, and they know they’re losing it all makes sense.
Greed is good. It aligns incentives. It funds projects, bring new entrants into the ecosystem, etc.
NGU is literally all that matters. Everything good comes from people looking out for their own best interests and the interests and those whom they love and care about.
NGU for the win!

2024-08-27 19:35:42

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Regulations will be designed as a service rather than a constraint. They will probably be designed and implemented by private parties rather than governments or large state-aligned institutions.
By appreciating faster than every other money out there, bitcoin will make onerous, unnecessary regulations too costly to enforce.
This is the subtle but critically important point and why NGU is all that matters. NGU aligns the incentives of consenting parties.

2024-08-27 18:35:51

Yo @npub1pyp…c0qq you gonna start posting more over here?

2024-08-27 15:53:09

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Literally no more $$$ and any further DCAing is immaterial. Im fully ready to embrace the upcoming price rip with no regrets.

2024-08-27 15:39:46

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I’ve been thinking like this for 4-years. Need that price rip to make theory into reality for those of us who went maxi this last cycle.
At some point delayed gratification in pursuit starts to impact mental health.

2024-08-27 03:55:46

All I have experienced as a bitcoiner are dips…ready for the rip(s). #note13dt…2vu2

2024-08-25 15:16:47

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VC is a money laundering racket. Institutional money blindly throwing a portion of their portfolio at funds praying that they deliver yield to close their unfunded liabilities. Most don’t.

2024-08-20 14:04:37

#Bitcoin is the way out.

2024-08-20 14:03:19

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And follow a lot more people than you think you need to follow.

2024-08-16 19:55:45

We pumping this weekend or nah?
📈🔥🚀

2024-08-16 17:00:28

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FFS … I bought both the 2021 $58ks … and the 2024 $58k … do I get a special recognition?

2024-08-16 15:30:51

Every time I hear an energy executive talk about the Energy Transition, I buy more bitcoin.
I think a pretty good rule of thumb. #note1d6s…dcf6

2024-08-16 00:13:45

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https://imgflip.com/gif/1bbujr

2024-08-15 17:24:26

https://image.nostr.build/3b6858e7b48759b811fc20c83f5db12e81172c7b86cd1dfac9f9939f598b6e19.jpg

2024-08-15 16:11:37

#Bitcoin 2024 https://image.nostr.build/1445119f43066ea51301c3b39f5a187cd62a92ff56521b5851f37f8a23af9500.jpg

2024-08-15 02:08:40

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I don’t…the miners need to capitulate. Hard. Get all the miners’ coins that are gonna be on the market on the market. Let’s start this bull run … frfr.

2024-08-15 00:15:01

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I WANT MY PURCHASING POWER TO GO UP! (+1 ODELL <ALL CAPS>)

2024-08-15 00:13:54

WTF is going on with this price action?

2024-08-14 14:56:11

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My choice was 3 bitaxes, placed in inconspicuous locations

2024-08-13 19:22:33

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I just solo mine. It’s about security to the network, not bitcoin accumulation.

2024-08-13 16:37:11

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0.1btc is $6000 USD purchasing power … 1-3 $150 bitaxe(s) seems like a legit insurance policy to take out against that position. Similar to the investment for a hardware wallet or a node.

2024-08-13 16:23:12

https://tenor.com/d0Dv6Ow7DfT.gif #note13qf…jxns

2024-08-13 16:22:15

BitAxes are the way to go for home mining. Cheap upfront, easy to set-up, run without issue, quiet…if every major bitcoin hodler w/ 0.1 btc or more got a couple/few bitaxes solo mining at their residence, that’s all that we’d need to protect the network. Highly recommend.
cc: @npub1k8s…6y88

2024-08-13 11:04:09

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Not saying for sure, just saying it could be.

2024-08-13 04:35:12

The photos from the Kamala rallies might actually be enhanced with (if not generated by) AI … #note18ln…7xla

2024-08-12 22:18:13

Bitcoin miners are incentivized to consume waste, spare, and curtailed energy. If you don’t know why, go learn. #note1jwr…570c

2024-08-12 20:15:25

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100% just buy bitcoin, use self-custody, and wait for 📈🔥🚀 …

2024-08-12 04:03:05

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The incentive system needs work. Right now NOSTR incentives don’t work nearly as well as bitcoin’s incentives.

2024-08-10 03:19:08

Constraints are critical. We have to have a balanced budget…if governments around the world had balanced budgets and had to manage trade-offs then being free to “do what you want” would have the appropriate amount of cost/benefit analysis.
And society wouldn’t be on the brink. #note15rl…2c2m

2024-08-09 15:57:34

💯 #note1p7s…dhjp

2024-08-09 05:05:46

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…Even when the Feds show up and listen just to make sure everything stays within the Overton Window.

2024-08-09 01:32:30

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100% this.

2024-08-08 16:57:17

Sometimes the obvious is hidden in plain sight.
For example, FTX not having governance terms from Sequoia … this doesn’t happen.
https://www.sas.upenn.edu/~vr0j/4230-24/Case_Study4_FTX.pdf

2024-08-08 16:06:36

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100% this…had a bitcoin magazine employee tell me a year ago that he wasn’t fully allocated to bitcoin because it was a large asymmetrical bet. I’ll never forget the disconnect between the online persona and the reality.

2024-08-08 13:29:36

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Bitcoin magazine is the wrong pick to carry the flag against the elites.

2024-08-08 13:24:09

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It isn’t a bitcoin conference. It is Bitcoin magazine’s conference. They allow shitcoiners.

2024-08-07 16:13:53

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See, that’s where I tend to differ with some bitcoiners. This might not land on what you’re saying but I’ll still share…
I think a lot of “profitable” media businesses on a fiat standard won’t be profitable on a bitcoin standard. Consumption won’t be as valuable. The media model developed for digital economy & streaming will implode under the weight of sound money.
Effectively with a much higher discount rate (I.e. price of money), future consumption won’t be as valuable AT ALL as it is today. The concept of brand value will change dramatically from what it has been since the 70s. The focus will be how much is someone willing to pay UP FRONT for quality.

2024-08-07 15:53:00

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Bitcoin fixes the lobbyist / regulatory culture of spending and backdoor favors. That’s the target Twitter is really going after - GARM.
IMO, NOSTR doesn’t fix that problem…one could argue that GARM is why Facebook/Instagram/LinkedIn are as powerful as they are … they control advertising content and reach.

2024-08-07 15:18:53

https://tenor.com/d0Dv6Ow7DfT.gif #note1zl5…mjjx

2024-08-07 09:20:45

CLIMATE ACTION IS COMMUNISM.

2024-08-07 09:14:38

I was told (within the last two years) by a traffic design consultant that the US Department of Transportation places a $10M value on each American life when they’re doing their various analyses.
I wonder what other assumptions across other industries are being made out there that blatantly tip the scales in a certain direction.

2024-08-06 23:38:47

- Bitcoiners in cities root for bitcoin standard
- Bitcoin standard leads to the crumbling of urban service infrastructure and collapsing of urban physical supply chains
- Collapse of urban infrastructure and supply chains leads to social unrest and localized mob violence
- Social unrest and localized mob violence takes out bitcoiners in cities before they can coordinate their plans
Lights Out: A Cyberattack, A Nation Unprepared, Surviving the Aftermath
https://a.co/d/cFZpqjC #note1p20…ggyq

2024-08-06 23:17:29

“tHaT’s NoT cOmMuNiSm … tHaT’s CaPiTaLiSm ReImAgInEd. NoT eVeRyThInG iS aBoUt PrOfIt. YoU nEeD tO eVoLvE, hOdL…”
@npub1rtl…jtfs #note1xld…jzqu

2024-08-06 18:04:57

AND CARRY A BIG STACK. #note18zd…6ef6

2024-08-06 08:53:03

Up. Time to send it up. #note1y6k…z2td

2024-08-06 03:38:39

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🍻 https://image.nostr.build/3fc86910640747f84afdbc6476da4e41eacc5ecbb5d71094db6272f9ce015b1c.jpg

2024-08-05 23:34:59

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https://music.apple.com/us/album/this-girl-kungs-vs-cookin-on-3-burners/1721450912?i=1721450925

2024-08-05 23:34:01

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Don’t abandon something without a viable alternative ready in its place.
https://music.apple.com/us/album/this-girl-kungs-vs-cookin-on-3-burners/1721450912

2024-08-05 23:19:46

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Just the way it should be

2024-08-05 23:09:50

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No, I agree with @npub1qex…82qk … we need to embrace the value of “Pump It Up” as a forever anthem.

2024-08-05 22:43:07

@npub1k8s…6y88 hashrate is a little more decentralized today than it was yesterday.
📈🔥🚀

2024-08-05 20:58:40

It’s purchasing power just temporarily has gone down. Lower your time preference plebs…back to the fiat mines! #note13gd…a70w

2024-08-05 16:45:14

Most concerning from this is the “fell out of love with bitcoin” line towards the end.
I’m feeling this too…the burn out risk is real. #note1mny…3fy8

2024-08-03 21:12:28

https://i.gifer.com/4n8.gif #note16qr…ary9

2024-08-03 21:11:50

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Any bitcoin maxis in their first cycle are guaranteed to be a little puckered at this stage. Theory and reality often are different. All these bitcoiners who had meaningful positions at much lower cost basis (1) already have seen that productivity multiply and (2) didn’t necessarily have to go as hard in the paint stacking fiat to establish a “meaningful” Bitcoin position
Everyone says the pump is coming but as a first cycle I’m sitting here like …

2024-08-03 20:51:37

IMO, no meaningful, unannounced institution positions have been made at this price level. #note1380…8gyw

2024-08-03 16:08:23

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Jeff Booth

2024-08-03 16:06:20

Instead of becoming spending lavishly on sports and real estate to become relevant in Western culture, Saudi Arabia should first establish a 1M Bitcoin position.
Everything else they’re aspiring to (cultural relevance, political power, etc.) would follow them securing ~5% of total global wealth for the centuries to come.

2024-08-02 13:26:47

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The bitcoin axis is logarithmic while the fiat debt is linear … the data suggests that taking out fiat debt to buy bitcoin is exactly what a person should do.

2024-08-02 13:21:14

~$0.065M / btc isn’t this important.
Time to send it. 📈🔥🚀

2024-08-02 01:55:26

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There are other ways to call out a lie than just shouting from an elevated position.

2024-08-01 23:54:28

And then remind them that all climate action is communism. #note1c9t…d3z5

2024-08-01 23:50:42

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I agree that we shouldn’t capitulate. But I do like calling their bluff…
”Oh you want grid stability? Bitcoin mining does that.”
“Oh you want fewer emissions? Bitcoin mining does that.”
“Oh you want higher renewable penetration? Bitcoin mining does that.”
Concede that climate action is necessary to get passed the first principle impasse…then watch them squirm as they realize Bitcoin mining really is an energy innovation that addresses everything they say they want.

2024-08-01 18:36:35

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Influencing only pays in a fiat economy. Information - like oxygen - is so plentiful that it is not worth paying for. In a fiat economy, advertisers pay for reach in order to achieve growth … but in a decentralized, quality-focused, sound money economy influencer reach won’t be as valuable.

2024-08-01 17:25:44

Broooooooooo…..
Just give me an ATH, bro!
Come on, brooooo!
(but seriously, you’re right. This sux.) #note1e88…prjt

2024-08-01 04:08:00

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Russians would be fantastic bitcoin miners. All that Siberian natty gas. Pump it.