Unknown Pleb

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npub1ul45aruuhu09e5nts8mn49wsvhu58q8qmpvyyvpa0qhuvljehnys4uyt0r

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nprofile1qqsw066w37wt78ju6f4crae6jhgxt72rsrsdskzzxq7hst7x0evmejgpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0ds366d2r

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relay.damus.io

nos.lol

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npub1ul45aruuhu09e5nts8mn49wsvhu58q8qmpvyyvpa0qhuvljehnys4uyt0r

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Last Notes

2024-02-01 05:27:01

@npub1exc…n72a #note1cgv…ww4l

2024-02-01 05:15:47

DOUCHEBAG SAYS WHAT??
Bitcoin down 10% in the three weeks after approval.
LOL #note1m2j…pewd

2024-01-29 06:22:22

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This note is repulsive.
A guy that is all over social media and has his own podcast thinks we should be repulsed by a talented entertainer who has a much bigger following than him for being addicted to fame. LOL. Maybe he is just jealous.

2024-01-17 21:13:57

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Sure, keep defending the ridiculous.
We do have a general idea of how much currency there is the world. About $80T. Let’s just say $100T to round off. Let’s say that doubles to $200T in 2033. (Which would be close if a house price goes from 600k to $1.5M) That is equivalent to about $10M/BTC.
What you are actually saying is that in 10 years that the bitcoin market cap will be 4X the total value of money in the world, and you call that “conservative”. LOL.
One can be BAF on bitcoin and at the same time tired of hopium based irrational analysis like this that raises expectations of those that don’t know any better.

2024-01-17 19:21:07

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You think the bitcoin market cap (at $37M) which would be a market cap greater than the net worth of the world is “conservative”. Please.

2024-01-17 19:18:58

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This is ridiculous analysis. It seems very few including you seem to understand a very basic rule of the law of large numbers.
It is much easier for bitcoin to go from a $1B to $100B in market cap than to go from $1T to $100T because $100 trillion is a much larger number relative to the net worth of the world.
What $37M /BTC represents is a bitcoin market cap much greater than the entire net worth of the world!
Of course that is ridiculous. The only way that would ever happen is if the purchasing power of the dollar collapsed, but then a house price in dollars would been many multiples of $1.5M.
It is this type of child like analysis that I see so often that leads people to unrealistic expectations and then disappointment when expectations aren’t reached.

2024-01-17 06:45:42

Wow, Grayscale has lost over 14,000 BTC in their ETF in 3 trading days (619k to 605k). This BTC has to be dumped on the market. One would assume almost all of those proceeds would be moved to another Bitcoin ETF but hard to know and may be a drag on the market. https://image.nostr.build/669f41f53e028e87f3f8048cd0f993c254fddb9923655fcb534ae8aed40abca1.jpg

2024-01-17 03:25:12

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That is what the law is for-to draw those lines.

2024-01-17 00:16:44

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Agree in general with you, but I cannot imagine a society where we would incarcerate a woman for aborting a pregnancy after being raped.

2024-01-16 16:49:54

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Cc: @npub1exc…n72a
$1M/BTC next week!
People like this should suffer permanent reputational damage but never do. They just keep making ridiculous price projections based on irrational analysis.

2024-01-16 06:12:01

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One long run a week on top of shorter/intermediate runs in between the long runs of course, not only the one long run a week.

2024-01-16 06:09:32

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One long run a week. Increase that by a mile each week until you get to about 10 to 12 mikes 2 weeks before the race. Many resources online for optimal training methods.
Also during the race plan for negative splits.

2024-01-16 01:56:29

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Deleting my account in 3…2…1…

2024-01-15 18:08:54

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Has the FBI really never officially apologized for this?

2024-01-15 17:59:15

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I think I was orange pilled when I watched this video by Andreas. A must see: https://youtu.be/ONvg9SbauMg

2024-01-15 02:46:48

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I want so hard to disagree with you but finding it hard to.
If you hear “Lincoln was our best President” enough times, especially when young, it’s hard to reverse your thinking.

2024-01-15 02:43:18

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Why so bearish?

2024-01-15 02:32:59

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@npub1exc…n72a Samson Mow
Ridiculous hopium and is never called out on it. Always seems to be talking to nation states about bitcoin adoption and never has success.

2024-01-14 18:45:26

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A gold ounce can be split into 363,000,000,000,000,000,000,000,000 AU atoms. Cmon, how can you call gold scarce? LOL

2024-01-14 17:31:25

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No thanks. The $100 bill is only used for drug trafficking, money laundering, and tax avoidance.

2024-01-14 06:35:14

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Something’s telling me Google is going to be doing a lot of evil this year.

2024-01-14 00:11:06

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Curious, who?

2024-01-13 18:33:30

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You may be right, just saying it’s unlikely. Brian Armstrong may be misguided with his Coinbase shitcoin casino but I don’t think he is a crook, and don’t think he wants to go to jail for running a fraudulent publicly traded audited company.

2024-01-13 18:26:19

The 100 day countdown has begun! https://image.nostr.build/a46fb722243c216563c14aaafb428c12669e66028899e2d240c0ec9570f1e11a.jpg

2024-01-13 18:24:18

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Most of these ETFs hold their bitcoin at Coinbase so Coinbase would have to collude with the ETFs to be fractional reserve. Unlikely IMO

2024-01-13 18:20:35

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Im actually glad Blackrock does not self-custody. They are holding their bitcoin at Coinbase so I have at least some faith their ETF is backed by actual bitcoin. But there always is a chance of fuckery going on.

2024-01-13 01:29:33

Lots of dollar/bitcoin price volatility, but this is the what is most important. https://image.nostr.build/6da1c3b0ada02383d53d7fb44f9bcd39921d32f87252e538b447f00aeec36f9d.jpg

2024-01-12 21:58:56

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It’s because few would buy a share if it were priced at the bitcoin price of $43k.
And it were say 1/1000th of the bitcoin price, the correlation would eventually diverge because of the management fee.
It’s the same as GLD or SPY. Those ETFs are not priced at exactly the same level as gold or the S&P 500.

2024-01-12 21:51:07

This is really important if you are concerned about the bitcoin price in the short run. Because of the ridiculous 1.5% management fee, there is going to be mass dumping of GBTC shares (which represent 600k+ bitcoin) and Grayscale as I understand it will then have to redeem large amounts of shares and sell the bitcoin representing those shares.
My guess is most of the GBTC holders will buy bitcoin or another ETF with lower fees, but there may be a time lag and some GBTC holders may not invest back into bitcoin at all. #note1hch…nelk

2024-01-12 21:42:29

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The $ ETF price is irrelevant. The ETF price will move the same % as bitcoin moves minus the management fee.

2024-01-12 02:51:27

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Killed it.

2024-01-12 00:01:27

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Hey Elizabeth, the American public disagrees.

2024-01-11 22:55:36

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I think we should be asking why the fuck the government is so damn interested in our emails. 20+ legal requests a day for information? Leave us alone.

2024-01-11 17:36:48

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Markets almost always do what people expect it not to do in the short run.

2024-01-11 02:37:53

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I would like to copy and paste this every time I hear that bitcoin isn’t backed by anything.

2024-01-11 01:10:41

“Although bitcoin could go up to $20,000, it can go to $30,000. It’s on its way to zero — somewhere between zero and 200. It’s a utility token for criminals, terrorists, money launderers, tax evaders — they’ll always find some use for it. So it might not go all the way to zero. It’s clearly a bubble — it looks like the second biggest bubble in history after tulip mania.”
Jim Rickards, December 2017

2024-01-11 00:52:34

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Yes, and people are not mining bitcoin to fund wars. They print up dollars out of nothing for that.

2024-01-11 00:49:46

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Yes. He knows a lot about a lot but I don’t think he really ever got bitcoin. That is part of the reason he promoted Doge coin and also why he proclaimed himself “Diamond hands” in reference to bitcoin and then proceeded to sell most of Teslas bitcoin.

2024-01-11 00:24:16

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This will be really important once Nostr gets bigger and more influential in the world as there are forces out there who hate not having control of information. I’m technologically challenged and just hope smart people can figure out how the world can use Nostr censorship free and without permission.

2024-01-11 00:10:16

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Is he on shrooms again? No way he hasn’t heard of it.

2024-01-11 00:06:21

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You may be right. I usually dont include the lost bitcoin in the value the network. I understand there is a possibility it may be worth several $trillion this year as well, especially if this ETF demand does start pouring in.

2024-01-10 23:33:26

Has anyone heard anything from Nick
Szabo? I always thought he was either Satoshi or in a group of folks who were Satoshi.

2024-01-10 23:32:12

How ironic, 15 years to the day. Then my guess is the entire network (probably 50k BTC circulating) could have been bought for a few hundred dollars. Now with ETFs coming the network will likely be valued at over a $1 trillion this year. https://image.nostr.build/c4c0d652b5f1fad56f3f50a0af8acf4a9f6b761c5fe9f3bdabcb6e308e4d7e42.jpg

2024-01-10 23:01:47

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Maybe they should de-list the US dollar then.

2024-01-10 17:37:52

Bitcoin unaware of ETF drama. #note1yp2…sp8k

2024-01-10 04:08:48

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100%
Every governmental agency is no more than a protection racket for the top people/companies in those industries they regulate.

2024-01-10 01:24:35

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Garys job is to protect investors yet he can’t figure out how to protect his own Twitter account.

2024-01-08 22:17:00

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Fleeing with bitcoin is a lot easier than fleeing with gold.

2024-01-05 03:47:43

That Chinese bitcoin mining ban of 2021 really killed the network. https://image.nostr.build/da0b324d23887c289e6349d61e0f9672d1e1c142560720df31c0d1e3ea06b3c4.jpg

2024-01-05 00:39:09

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Agree. The only way for bitcoin to really make a difference and end central bank fuckery is for bitcoin to be an order of magnitude or two larger, and bitcoin ETFs in the largest economies help move us to that goal.

2024-01-04 22:16:33

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This is exactly right.

2024-01-04 21:37:02

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It will all go well, then really well, they will get overconfident, and then one day, REKT.
DONT TRADE BITCOIN!

2024-01-04 16:30:41

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Listened to Cory’s first statement. His guy with 20 years of experience is going to try to time the market. RUN FOR THE HILLS!

2024-01-03 07:01:27

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But WHY?? Jamie Dimon will give you 0.1%/year on those dollars at his bank!

2024-01-02 23:47:08

ONLY USING ALL CAPS FROM NOW ON. THE BULL MARKET HAS BEGUN.

2024-01-02 22:14:42

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Price is irrelevant. % ownership in the network is all that matters.

2024-01-02 04:22:27

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A lot of these guys are making over $1M in NIL money a year. It is professional football for 18 to 23 year olds.

2024-01-01 17:52:46

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Me.

2024-01-01 06:22:35

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Moon

2024-01-01 00:16:55

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2023-12-30 22:41:03

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I think RFK Jr would do it, which is exactly why he won’t get elected.

2023-12-29 19:05:49

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Bitcoin is an order of magnitude better and why it will win over gold as the worlds next reserve currency. (Although it will take a long time)

2023-12-29 18:57:33

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Congratulations!!

2023-12-29 04:48:56

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Can’t make a strong case. A weak case is that companies used to pay pensions to their employers. Now they don’t pay pensions but pay the payroll tax so the government can make payments to pay retirees SS and Medicare.

2023-12-20 16:47:38

Hitler kills 6 million Jews. Trump kills zero Jews and puts Jews into numerous high level positions in his administration. Quite the ”echo”. Ridiculous. #note1qul…u9m2

2023-12-19 15:44:25

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100%

2023-12-19 01:26:44

Every #sat you buy and HODL, is one less sat available for the ETFs to get their hands on.

2023-12-16 15:42:33

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It’s the same as having dollars in a regular bank. ANY third party can deny you access to “your” funds, unless you hold your own private bitcoin keys.

2023-12-14 21:41:34

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For bitcoin
+ halving slowing supply growth
+ ETFs increasing demand

2023-12-14 16:00:17

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Few

2023-12-14 06:40:35

Hey @npub1tsg…htk4 where ya been?

2023-12-12 06:08:53

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Yes but we need land to live on, to grow crops on, to raise animals on, to drink water from,etc. Real estate will always be much more valuable since it provides the basic necessities humans need for life, which bitcoin can’t provide.
I look at bitcoin as digital gold “at a minimum”, which in of itself makes its $500k/btc + though.

2023-12-12 05:14:05

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Unpopular opinion but no, it’s not the new real estate, it’s the new digital gold. Until we all move into the virtual world (I.e. like the Matrix) physical real estate will be much more valuable than bitcoin-by far.

2023-12-11 04:37:46

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Have watched it 20 years in a row on Xmas eve. Greatest Xmas movie ever.

2023-12-11 02:15:05

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Loved the interview

2023-12-10 17:55:44

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I like the idea of pushing decision making and tax policy down to the local and state level, with everything except the national defense, but having a strong national judiciary to protect individuals from those things you mentioned.

2023-12-10 17:17:12

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The pharma part of the military-pharmaceutical-industrial complex.

2023-12-10 17:15:48

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If you read the book “The Devils Chessboard” you will have little doubt ex-CIA chief Allen Dulles was behind the whole thing.

2023-12-10 17:05:52

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X, the “free speech” platform. Right.

2023-12-07 21:42:26

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Beautiful talk on Swan Signal about how bitcoin will change the world. Thank you.

2023-12-07 03:22:16

This from a company that paid out $40B in fines from fraud and scams in the last two decades.
#BoycottJPM
With 5% Fed Funds they are still paying 0% on their checking accounts and screwing those who can least afford to pay with punitive fees for holding $ with them. F them.
#BitcoinFixesThis
#Bitcoin https://image.nostr.build/26fc98e0b626cdd614907e2a11c13a8ff50dddc50e0d29251d40673d6c43b079.jpg

2023-12-06 20:58:12

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So the billionaire banker who creates money out of nothing and charges interest on it to us, and who has paid $40B in fines for fraud under his watch, doesn’t want people to own their own money? I wonder why?

2023-12-06 05:09:14

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The massive supply of bitcoin for sale coming in to drive the price down from $1M to $500k in this example that you state, would come in far before bitcoin ever got close to $1M. Bitcoin is not going to gain the equivalent of US GDP ($19T!) before this supply comes in. Pure hopium, and unfortunately, just like last cycle, people who cant afford it will over invest at the top because of ridiculous predictions like this.

2023-12-06 04:05:21

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This is just an irresponsible. Just like your many other hopium based calls in the last cycle that were ridiculous and wrong.
$1M? Sure, eventually. But you said $1M in a matter of “days/weeks”. An increase in the market cap of the bitcoin network the size of US GDP in days/weeks???
The institutional dollars coming into the space will have less and less of an effect as the price gets higher and will certainly be met by an increasing supply of bitcoin from bitcoin owners who have massive gains (not all whales are HODLing all their bitcoin forever regardless of price, obviously).
The supply demand equilibrium is much higher than today’s price, but to say $1M is pure bullshit hopium.

2023-12-06 03:11:49

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You need scarcity/programmed supply for the censorship resistance to matter though. Who cares if you can send value to someone w/o permission if that value can be obliterated in an instant.

2023-12-06 00:04:25

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Exactly. Sell for what? Depreciating Dollars, Euro, or Yen? No thanks.

2023-12-04 04:20:01

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Let’s get an AI generated pump it up song.

2023-12-04 02:15:23

$$40K/BTC is nice.
But step back.
Look at the big picture.
In the 2030’s #bitcoin will likely have a daily trading range of $40k.
In the 2040s, the bid-ask may be $40k.
In the 2050s you won’t want to have anything to do with dollars-unless they are backed by bitcoin.
We are still at the start of the bitcoin revolution. Not many humans will ever have a chance like this.
Provide value, save your production (or earn) in bitcoin, and HODL.

2023-12-04 02:09:36

Wen Lambo? #Bitcoin https://image.nostr.build/b89cf7d312dc7401c8efc08105edd909d2e2eb7640362b46841f8522a41a6615.jpg

2023-12-04 00:04:52

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Exactly. “Take profits” to buy rapidly depreciating fiat? I can see if you need to pay off debt, or you want to diversify into something scarce like physical real estate. But selling #bitcoin for dollars, Euro, Yen, etc? No thanks.

2023-12-03 23:37:53

Dollars being liquidated for rat poison at alarming levels.
#Bitcoin

2023-12-03 17:53:45

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Brilliant

2023-12-02 20:56:19

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Certainly possible. But they can make decisions pretty quickly like they did in the contested 2000 election.

2023-12-02 20:38:22

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The Supreme Court would have to rule on that and based on the makeup of the court it is close to a 0% chance IMO.

2023-12-02 18:30:13

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Exactly

2023-12-02 01:12:34

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The main reason is to allow big shareholders to have a liquid market to sell into.

2023-11-30 21:54:50

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Not paying close attention to this but seems so much better than using debt to buy bitcoin as he had in the past.

2023-11-30 04:39:54

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You just have to keep watching.

2023-11-29 21:05:30

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If an individual citizen lies to the government they go to jail. When JPM lies to the government, no one goes to jail, and they pay 10% of one days profit-it is just the cost of doing business for them.

2023-11-29 02:45:49

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Not playing that until bitcoin hits $70k.