Some really cool experiences and people led me to discover bitcoin. Fix the money, fix the world.
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npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 Profile Code
nprofile1qqsxlccf7ufnfzsw2w60lcvths0k6kpkx9g8sk28the4cqrhek3gh6spz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsduptda
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2026-06-16T12:07:06Z Event JSON
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Last Notes npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock https://blossom.primal.net/27691c8b1c51fff6da7881afbc8d5a2164550b5ebef1028de8cb73b45dd9ce2b.gif npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Shouldn’t they be buying low? Selling high? Isn’t that the treasury management concept? lol npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock No euphoria within a 4-year period. First time ever. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Yeah, the influencer class has gone tone deaf. Sentiment is bad because you have a whole cohort of adopters that bought in big on 2020-2021 on the “just hold 4 years” mantra and have nothing to show for it. None of the influencers have ever been in the class of 2021’s shoes and there really hasn’t been a NGU impetus for any classes since then. The influencer class should refocus on NGU to reset the bitcoin online culture. Hasn’t been anything to celebrate in ~5 years. First time ever for bitcoin. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Leave no trace or hell or high water npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Would suck for the bitcoiners who borrow against their stack at the bottoms and buy bitcoin and then sell some of what they acquired near the tops. Maybe they’re starting to figure out how bitcoin ruins the fiat capital markets? npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Not for the last ~5 years but … yeah, in theory. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock British Open this weekend. Who does everyone got? Fitzpatrick seems to be playing well. McIlroy always shows up. Fleetwood still hasn’t won a full field tournament (on the PGA) but is a great ball-striker. US golfers seem to be out of form coming in to this one… npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Not ideal for sure but social networks need the network effects. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Price action generates network growth and gives bitcoin legitimacy on its core value proposition as a superior money (transmit value over space and time). I get that other projects are cool but NGU unlocks more of those projects and legitimizes the ones already built with more users and volumes. NGU is “all” that matters. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock This chart makes no sense. What is it trying to show and why is it important? npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock He has to get the ratings agencies to improve his credit quality to enter the SP500 (not to mention get approval from the SP500) … let’s not make this bigger than it is. Suitcoiners are here and they’re staying here and they’re gonna have the same ability to do things with their bitcoin that we don’t approve of. And that’s okay. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock This checks out…terrible day of coding with Fable. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Unpopular take: those are bad actors manipulating the price. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock NGU (transmitting value over time) is a key feature of bitcoin but it has broken from past cycles and class of 2021 has felt intense price and time pain relative to the past classes. $65k+ in 2021 to $58k in 2026. That’s five years and negative return on investment, let alone risk-adjustment (two 50% drawdowns, one 75% drawdown (so far)). What should the narrative become around Bitcoin’s purchasing power appreciation within the bitcoin podcast echo chamber. What should bitcoiners do to fight and advocate to no coiners in facing this emerging reality that so many “recent” adopters are facing. Please spare me the cherry picking of dates in your answer(s). npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock I subscribe to the Simon Dixon view that the “OG IPO” was a manufactured narrative that offered cover to the technocrats selling a bunch of bitcoin for political favors and a bigger seat at the global power table. “They” suppressed the price this cycle so that retail would stay out and give the banks a chance to play the new game on their terms. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock I feel like this dip is 100% related to a likely Clarity Act vote and/or SBR announcement in the week(s) ahead. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock https://blossom.primal.net/885b2391077329d7c9378f96efbdd0c708aef7bc760d43b76bc79372bbbcdb5a.gif npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock The “masterminds” discussions stopped just as the music stopped and the real accountability would have made them fun to listen to. Man that @nprofile…pmdd $475k/bitty call looks horrendous in hindsight… 😂😬 npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Could go to zero…just saying. 🙄 npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock So the lack of blow-off top doesn’t change the downside risk? It drops 80% regardless of the length of accumulation around the peak? I just think this has been an entirely different “cycle” than past cycles…why would the bottom reflect past cycles, too? npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock This is an incredibly smooth brain take. You’ll be waiting forever. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock I’d be super disappointed if one of those is Preston. Guy was instrumental on my journey and I feel like a core piece of my bitcoin experience is gone. It seemed like he was losing interest in bitcoin there towards the end. You could sense the frustration with cold storage bitcoin … the BTCTC craze really caught him and distracted his energy into other shiny things (AI, etc.). npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock To the earlier classes, you should be as hopeful and encouraging for the class of 2021 and after in terms of NGU as the early classes were to you (and you were to yourselves). NGU is bitcoin’s primary technological advantage to all other forms of money. If that fails, there is no meaningful value prop for most people. Adoption follows NGU. NGU unlocks a bitcoin mentality across more businesses, political situations, and cultural norms. NGU allows for more technical funding into bitcoin as a protocol and into bitcoin services and integrations. NGU is all that matters. And NGU is fun. We need to refocus on NGU. As an entire bitcoin culture…just focus our energy, our vibes, and our engagement on NGU. All the other solutions flow from their in our own unique skills and interests. The marketplace will diversify bitcoin and its application within economies. Our job is to get NUMBER TO GO UP! npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock People leave nostr because the content on nostr is crummy. And the network engagement is crummy. And because bitcoin’s purchasing power is crummy. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Just got debanked by Chase. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock lol… npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock So just throw it out there when everyone is panicky… npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock We still FUDing binance collapse or nah? npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock We’re not going to get to $58k, are we? This cycle continues to disappoint. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Again, given your platform…irresponsible without providing more context. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Pretty irresponsible to post if it isn’t true. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Clarity Act bump: over/under 15% npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Yes npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock It's bad out there guys. 4 & 5 year HODL return and risk adjusted returns are absolutely in the toilet. Wall Street is undermining bitcoin's use case as a superior storer of value. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Right now I am so pissed off I am fuming. I never celebrated outwardly at $120k (barely felt like validation) but now I feel like my faith in this project is being rugged. Clearly, it’s my own problem to manage but the emotions are real and have to be overcome. Truly the hardest professional experience of my entire life. @nprofile…fg9w npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock There aren’t anymore longs to liquidate… npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Bitcoin podcasts have surprisingly little bitcoin talk these days. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock They cannot allow a retail bitcoin pump. This is THE moment. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock How little the powers that be are willing to talk publicly about bitcoin is a direct measure of how much they understand and how scared they are of what bitcoin does to their power structure. This is the moment of the war. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Is this good for bitcoin? 😬 npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock NFTs are worthless, bro. We proved that last cycle. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Bottom signal. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock People seem to forget that the bull run started almost a year early with the ETFs, an ATH before the halving. So when we’re thinking of “cycle” timing, the reality is that even if “cycles” are still a thing, we’re already about at the timing for the “cycle” to be bottoming out based on the last “cycle.” npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock He's a genius fiat puppet master, got to give him that. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Girl dad!! npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock MM is a spook. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock I’m expecting you to hold Marty accountable for his absolutely BS price predictions 3Q24 - 1Q25 npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock How will it get harder and harder? This is an empty take. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock See what happens when number doesn’t go up? npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock This is pretty painful for anyone who adopted bitcoin fully in 2021…huge disappointment after a lot of hard work learning, hodling, risking our reputation. We never got our moment. And this is 100% manipulation by banks and sovereigns who are actively trying to slow retail adoption. Anyone who tells you otherwise is a spook. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock They truly think we're stupid. And unfortunately, I think they are right. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock @nprofile…zlux @nprofile…p088 this should have been in entirely clear that this is a fact with the bizarre, off the wall Russian FUD spewed on this week’s TFTC npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Every power law bro is a spook. Bitcoin in a fiat system is exponential, yet all the influencers this cycle are anchoring retail on diminishing returns. It’s crazy that guys like @nprofile…p088 are falling for the schtick. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Psyop npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Red npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock @nprofile…j9yn why not throw some slop out here on NOSTR for the plebs, too? Lower resistance bands being tested… npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock This guy has been calling this since at least January 6th. Need a significant bump this week to stay on trend but so far he’s been 100% spot on. Eerily spot on. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Especially when there hasn’t been typical bitcoin NGU in 5 years. Like - dude - read the room. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock https://blossom.primal.net/55cc43dc41e7dedb5709eac2a147c9f99e9ecc479ab37492f1e2a0256f1ad374.jpg npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Shhhh…don’t let Binance know. They’ll come after you. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock When will liquidating shorts be the profitable thing to do for Binance and Coinbase? Really looking forward to that stage of bitcoin. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock He's pot committed at this point. Reputation is on the line. Being a gold bug has served him well personally...would never expect for him to change his tune, even if privately he is accumulating bitcoin because he has grown to understand it. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Coinbase doesn’t have the bitcoin (probably). npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Ooooop boi … max pain gents. Let’s get through this. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Well, it’ll go one of two ways… npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Bitcoin will not recover until NAKA is dissolved or acquired. Sorry, I don’t make the rules… npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock I’ll tell you what…bitcoin hasn’t been much fun lately. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Answer: Not very much longer. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock It is incredible how much money is being thrown around in the debasement trade but *not* in bitcoin. It's like they are actively avoiding it. Or actively suppressing it. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Yes! Yes! Let's show everyone who is swimming naked! Accelerate! npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock I think the challenge for bitcoin is that in order to be a superior monetary technology, it MUST transmit superior value over space and time. As soon as it loses one or both of those functions for a long duration, the thesis starts to implode. I agree that people can't get caught up on short duration price fluctuations but 5 years isn't a short duration. It needs to perform on a risk-adjusted basis when we start to talk about 4+ year durations. Either bitcoin is a superior money technology or it isn't. There isn't a huge amount of ambiguity on whether the thesis is holding. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock @npub1d3f…r4xv thoughts on Kevin Warsh? npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Maybe a stupid question…but I’ll ask it anyways. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Sell MSTR. Buy bitcoin. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Here’s the cool thing about bitcoin. We can audit it. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Worst is over dudes. Wyckoff Accumulation confirmed. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock It just hurts…all the time. I thought I was numb. But damn…this one hurts. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock So what’s your purpose? You have a plan? What should we expect from you on NOSTR? npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Business owners who adopt bitcoin will improve their business. Bitcoiners who buy / start businesses with their bitcoin capital will likely hurt their bitcoin stack. An interesting conundrum. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock I’ve been told this is a Wyckoff Accumulation pattern. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Interesting, if true. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Dump RHRs are the best RHRs. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock @nprofile…uge3 ^^ npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock If their stock price keeps going down and the rhetoric continues to demand it, then they should do something to address it. Unless it’s a part of a bigger design. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock The goal is to work for yourself and operate on a bitcoin standard. NGU is required to make that a reality. We should not “be patient” beyond a full halving cycle’s duration. To be a superior monetary technology, NGU should go up on a risk-adjusted basis every 4 years in a way that outpaces 95% of any other asset. No matter of timing of acquisition within the cycle. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock For the MSTR shareholders, ensuring that there is as little paper bitcoin as possible is a fiduciary imperative. As Strategy’s entire business model is built on the superiority of bitcoin as a sound money asset - Saylor has a fiduciary duty to provide (as part of his products) proof that $MSTR bitcoins are truly a proportionate share of a hard 21M supply cap. Until Saylor makes this clear - shows proof that he has bought the bitcoins and that his custodians are not rehypothecating his bitcoins - he is in derelict in his fiduciary duties. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Drive Strategy to zero until they prove their bitcoin reserves are not rehypothecated - by them or by their custodians. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Yes, this is unacceptable. We need to understand the root cause. That should be the imperative of the bitcoin community? Is fractional reserving by Coinbase and Binance suppressing the price? Is MSTR enabling this fractional reserving by locking up illiquid bitcoins into these custodians? npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Now go back to Feb 2022 … or Feb 2021… or Feb 2024 … or Feb 2025. The cherry picking must stop. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Bitcoin attracts autists and creates psychopaths. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock (sigh) the last, last shakeout npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock What just happened? npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock When was the episode with @npub1tdu…8k5l ? npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Can you share (or have you shared) your podcasting set-up? Specifically around the software. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Imagine if all Americans said “Fuck this.” and decided that China and the BRICs can have gold and we’ll build the future American economy around bitcoin. Another 200+ years of prosperity within America’s beautiful borders. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock Gold is pumping because central banks are buying physical gold and a communist state (2nd largest economy) has encouraged its population to buy physical gold. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock I disagree. If someone (🙋🏼♂️) held through the 80% drawdown then they’re 100% “owed a bull market” if bitcoin is what we say it is…that is a superior money, moving value over space and time. Risk-adjusted returns require compensation for that downside volatility. Absolute returns are a useless measure. It’s all about volatility adjusted returns. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock It isn’t “do something” … it’s don’t “move the goalposts” … don’t act as if everything is fine and if you’re not acting like everything is fine then “you’re a part of the problem” or “should have known better”. No other bitcoin adopters have gone this long without a period of euphoria to help with the pain of the volatility. npub1dl3snacnxj9qu5a5llsch0qld4vrvv2s0pv5wh0ntsq80ndz304ql234z9 brock NGU is required for bitcoin to be successful. It has to be a superior storer of value over space and time. Risk-adjusted. For those who adopted in 2021, it has not been a superior storer of value over time.
