Working on nation-state #Bitcoin adoption. CEO @ JAN3, architect of the #BitcoinBonds, CEO @ Pixelmatic, and creator of Infinite Fleet. đ
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npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Profile Code
nprofile1qqsvnvvlln2ru6jlyweayugxecv7ftfdlzd6zqca63sh7x6ercggjegpp4mhxue69uhkummn9ekx7mqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduy0m75g
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2023-10-02T22:50:24Z Event JSON
{
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"pubkey": "c9b19ffcd43e6a5f23b3d27106ce19e4ad2df89ba1031dd4617f1b591e108965" ,
"created_at": 1696287024 ,
"kind": 0 ,
"tags": [],
"content": "{\"banner\":\"https://pbs.twimg.com/profile_banners/14654494/1638844069/1500x500\",\"website\":\"samsonmow.com\",\"nip05\":\"[email protected] \",\"picture\":\"https://image.nostr.build/acfdb061e61ade047f652568c59c13ed53466de6c92cf651056909dab208e3b1.jpg\",\"lud16\":\"[email protected] \",\"display_name\":\"Samson Mow\",\"about\":\"Working on nation-state #Bitcoin adoption. CEO @ JAN3, architect of the #BitcoinBonds, CEO @ Pixelmatic, and creator of Infinite Fleet. đ\",\"name\":\"Excellion\"}" ,
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Last Notes npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion A wise rabbit gave me this. đ @npub13f0âŚ5dsc https://image.nostr.build/7fb359145228d115cd1331562bdd18d591e7c16b05010a81f8d2dfd557ff9fed.jpg npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Yes. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion đđŹ npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion We can work on that. Itâs always hard to empty a LN wallet without channel close. I had the same problem with others before and just had to leave a few sats in there. With AQUA though, it is a Liquid balance, so you can always swap that out to BTC or just withdraw the L-BTC itself. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion AQUAâs target market is LATAM, which uses USDt mainly. Pushing Nostr protocol dev to be more resilient does not mean I dislike it. Many projects launch closed and open later. IIRC Samourai was closed source for months. We were only closed for 10 days to clean up the repo and the open sourced. Privacy Policy and TOS parts you dislike refer to using third party services within AQUA which we have no control over. We always push to the public repo when there are new releases. We had an urgent fix because wallets are not launching due to a port change in GDP. Our dev was up late making the fix and then went to bed. He pushed to public repo in the morning. Donât Trust. Verify. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Thanks for the gift all the way from Brazil! @npub1vwcâŚ04ch #BitcoinTokyo2024 https://image.nostr.build/90b3ccd9bd699dc77eb4f4d5c89d5b3ade11cfa7b33d079779e52fda2957b38f.jpg npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Either Nostr evolves to have every client being a relay, or it will fail. The risk is the same as that of LSPs. Think adversarially and think far into the future. Imagine Nostr running at Telegram scale with 1B users, not the tight knit community is now. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Either Nostr evolves to have every client being a relay, or it will fail. The risk is the same as that of LSPs. Damus itself should definitely not be running a relay. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion I wasnât comparing it 1:1 in terms of encryption. I was just highlighting each has its own critical flaw. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion I wasnât comparing it 1:1 in terms of encryption. I was just highlighting each has its own critical flaw. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion There are no incentives to run a relay other than wanting to be helpful. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Youâd store it yourself if every client is also a relay. You could mirror content for others too. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Anyone can does not mean anyone does. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Need to make every client a relay first. Relays are a risk to the protocol. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Relays make Nostr centralized. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Relays make Nostr centralized. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion It can only be P2P. Any weak points will be attacked. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion It can only be P2P. Any weak points will be attacked. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Looks ok to me in Damus. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion It did not. So they have data and control the state wants, but did not share. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion It did not. So they have data and control the state wants, but did not share. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion No need to apologize. It sparked an interesting discussion. I just see it happening sooner due to an array of macroeconomic factors. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Use the core peer-to-peer components from Keet / Holepunch. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Do it! npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Do it! npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Yes. This. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Yes. This. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Thatâs another problem that should be discussed at length too. There is no economic incentive to run a relay, but a lot of risk. My main point is about relays getting shutdown. It needs to all be peer-to-peer. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion It totally should be. But I think Nostr devs donât see the issue. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion But yeah keep having more conferences and ignore this problem. đ¤ npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion #FreePavel But⌠It is foolish how he thought Telegram could indefinitely operate a network without default E2E encryption and not play ball with regimes. I see the same sort of presumption from Nostr devs/proponents ignoring the core architectural problem of needing relays. Probably an unpopular opinion but it has to be said. Relays will be the death of Nostr but itâs not too late to fix it. The protocol is still in its infancy. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion #FreePavel But⌠It is foolish how he thought Telegram could indefinitely operate a network without default E2E encryption and not play ball with regimes. I see the same sort of presumption from Nostr devs/proponents ignoring the core architectural problem of needing relays. Probably an unpopular opinion but it has to be said. Relays will be the death of Nostr but itâs not too late to fix it. The protocol is still in its infancy. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion #FreePavel But⌠It is foolish how he thought Telegram could indefinitely operate a network without default E2E encryption and not play ball with regimes. I see the same sort of presumption from Nostr devs/proponents ignoring the core architectural problem of needing relays. Probably an unpopular opinion but it has to be said. Relays will be the death of Nostr but itâs not too late to fix it. The protocol is still in its infancy. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Hardly. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Any price under $0.1M is still #Bitcoin on sale. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion What exactly is a ridiculous dollar price? npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion #Bitcoin is a risk-off asset for: â
People with low time preference â
People that understand money â
People suffering from inflation â
People living under oppressive regimes npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Most of them are insolvent. There is no metric for success. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Never underestimate the ability of the plebs to absorb available #Bitcoin supply on the market. A few million small stacks can have a huge impact. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion For institutional investors like sovereign wealth funds or pension funds, buying #Bitcoin at either $0.06M or $0.6M doesnât make a difference. At their scale itâs a rounding error. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion For institutional investors like sovereign wealth funds or pension funds, buying #Bitcoin at either $0.06M or $0.6M doesnât make a difference. At their scale itâs a rounding error. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion GM! npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Central banks and massive pension funds are seeking #Bitcoin exposure. Public companies are ramping up their BTC intake. Public mining companies are now buying too. This is an incredibly bullish setup. Plan accordingly. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Being able to opt-out with #Bitcoin is so under appreciated. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion The current #Bitcoin price might have you feeling sad, but just be thankful that #Bitcoin exists. Imagine a world without #Bitcoin where your government is printing money with no end in sight, while mulling over price controls as a fix. Just think how hopeless youâd feel. https://image.nostr.build/77aecca0a92a358c9f903f3428573652735a0a0474836fb8317aeafdd9749118.jpg npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion 2.1 quadrillion sats is just about the right number to store all human value forever. The fiat clown world has essentially pushed us to that number in dollar terms: $900T in global assets plus $1.2 quadrillion in derivatives. Now we rebase everything to #Bitcoin and deflate. https://image.nostr.build/b8c7a14ac43d471e83cd7f0ddf9c171069534bb5722c37eab94ebc4fe4b5a679.jpg npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion I worry about what happens when everyone figures it out. Itâs not going to be gradually. Itâs going to be suddenly. Plan accordingly. âď¸ https://image.nostr.build/c719bd98dafeb8b2f572e7fc7c8ead999c6492007ae20575bdc1d858446fcaac.jpg npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion I need to make an effort to post on nostr more. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion I need to make an effort to post on nostr more. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Goodbye Joe Biden đŚ Hello Strategic #Bitcoin Reserve đŚ
npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Goodbye Joe Biden đŚ Hello Strategic #Bitcoin Reserve đŚ
npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion And yet number goes up. #Bitcoin npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion The average laser-eyed #Bitcoin pleb has a better understanding of monetary policy and economics than most bankers and government officials. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion The average laser-eyed #Bitcoin pleb has a better understanding of monetary policy and economics than most bankers and government officials. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Keep calm and HODL #Bitcoin. Everyone seems to be overreacting to the Samourai arrests, the FBI PSA, and Phoenix leaving the US. Here's my attempt to break it down. Samourai You have to unpack all of the different elements. Could this be a state attack on self-custody and privacy? Maybe. Probably not. There are a few components here that need to be evaluated on their own. 1⣠Samourai was a self-custodial wallet 2⣠Samourai was a mixer 3⣠Samourai was providing normal people with privacy 4⣠Samourai were knowingly marketing the service to criminals and flaunting that fact Reading the charges, it seems like #4 is pretty cut and dry for this case. Their getting arrested for #4, doesn't automatically mean #1, #2, #3 are under siege as well. If Samourai was a taco stand laundering money and bragging about it, I'm sure they would be taken down too. They may be accused of running a money transmitter now, but that may or may not stick. We'll find out in the trial. All that said, we should always be vigilant to attempts to erode privacy and the ability to self-custody. It just does not seem that this fight is *that* fight. FBI PSA Seems pretty normal that the FBI would advise people to use compliant services, and the entire announcement seems to revolve around potential disruptions due to Samourai being taken down, and potentially others in the future. Given they took action, they have to post some bulletin about it. Remember that when people lose funds or have funds stolen from them, they do go to the FBI for help. From their point of view, the best thing for people to do is use compliant services where they can potentially help. The announcement concludes saying that services that purposely break the law will be investigated - so again we go back to #4 above. This is nothing new, and self-custody is not being criminalized. Phoenix Leaving As @npub1sg6âŚf63m said, it's feels completely unnecessary. Phoenix obviously is not a MSB and they are not doing anything illegal. In my view, their exit from the US app stores is a complete overreaction. Keep Calm Could "they" come after wallets, developers, mixers, nodes, LSPs, sidechains, eCash, VPNs, encryption, etc? It's totally possible. But if you're not breaking the law, you have nothing to worry about. To my knowledge, there is still rule of law in the US, property rights are still protected, and privacy is enshrined in the Bill of Rights (@npub1trrâŚhdpu). It would be very difficult to change the law or stretch it to incriminate these things because it's all just information and software, which is speech. Some will try. But as they are trying, #Bitcoin is becoming more and more mainstream and integral to the world's financial system. #Bitcoin is freedom technology and it will continue on. Go outside this weekend and think about why you're here. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Keep calm and HODL #Bitcoin. Everyone seems to be overreacting to the Samourai arrests, the FBI PSA, and Phoenix leaving the US. Here's my attempt to break it down. Samourai You have to unpack all of the different elements. Could this be a state attack on self-custody and privacy? Maybe. Probably not. There are a few components here that need to be evaluated on their own. 1⣠Samourai was a self-custodial wallet 2⣠Samourai was a mixer 3⣠Samourai was providing normal people with privacy 4⣠Samourai were knowingly marketing the service to criminals and flaunting that fact Reading the charges, it seems like #4 is pretty cut and dry for this case. Their getting arrested for #4, doesn't automatically mean #1, #2, #3 are under siege as well. If Samourai was a taco stand laundering money and bragging about it, I'm sure they would be taken down too. They may be accused of running a money transmitter now, but that may or may not stick. We'll find out in the trial. All that said, we should always be vigilant to attempts to erode privacy and the ability to self-custody. It just does not seem that this fight is *that* fight. FBI PSA Seems pretty normal that the FBI would advise people to use compliant services, and the entire announcement seems to revolve around potential disruptions due to Samourai being taken down, and potentially others in the future. Given they took action, they have to post some bulletin about it. Remember that when people lose funds or have funds stolen from them, they do go to the FBI for help. From their point of view, the best thing for people to do is use compliant services where they can potentially help. The announcement concludes saying that services that purposely break the law will be investigated - so again we go back to #4 above. This is nothing new, and self-custody is not being criminalized. Phoenix Leaving As @npub1sg6âŚf63m said, it's feels completely unnecessary. Phoenix obviously is not a MSB and they are not doing anything illegal. In my view, their exit from the US app stores is a complete overreaction. Keep Calm Could "they" come after wallets, developers, mixers, nodes, LSPs, sidechains, eCash, VPNs, encryption, etc? It's totally possible. But if you're not breaking the law, you have nothing to worry about. To my knowledge, there is still rule of law in the US, property rights are still protected, and privacy is enshrined in the Bill of Rights (@npub1trrâŚhdpu). It would be very difficult to change the law or stretch it to incriminate these things because it's all just information and software, which is speech. Some will try. But as they are trying, #Bitcoin is becoming more and more mainstream and integral to the world's financial system. #Bitcoin is freedom technology and it will continue on. Go outside this weekend and think about why you're here. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion We were here to witness the 4th #Bitcoin halving. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion We were here to witness the 4th #Bitcoin halving. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion When the meter gets to the end is that death? npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion When the meter gets to the end is that death? npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion The only thing preventing #Bitcoin from becoming corrupted fiat money is the ability for plebs to run their own nodes. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Heard the same. Crush may be a bit overdramatic though. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion #Bitcoin is a threat to totalitarianism and communism, so be wary of politicians that say Bitcoin is a threat to âdemocracy.â npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion #Bitcoin is for future generations - generations that had once been enslaved with fiat debts not of their own, and before they were even born. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Services in the marketplace might have KYC or tracking. We cannot control that part of the user experience. AQUAâs core is non-custodial and there is zero tracking whatsoever. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Your digital battery is useless if no one can get them to use. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Set it up! npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion We should call inflation what it really is: fiat failure. 5% inflation? Thats 5% fiat failure. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Money is the Operating System of the world. #Bitcoin gives us an OS that cannot be hacked. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion #Bitcoin as a Medium of Exchange cannot be ignored. Without the ability to transact Bitcoin permissionlessly, it will end up captured and neutered like gold is. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion #Bitcoin as a Medium of Exchange cannot be ignored. Without the ability to transact Bitcoin permissionlessly, it will end up captured and neutered like gold is. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion For poker chips :) npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Much like diplomacy is a lost art, seeking the win-win is also something largely forgotten by the world. Fiat only incentivizes win-lose, plunder, and oppression. #Bitcoin is the win-win equilibrium for the world and Bitcoiners want to help others because âif you win, I win.â Another node on the network as my peer means Bitcoin is more resilient, and we all win more. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Much like diplomacy is a lost art, seeking the win-win is also something largely forgotten by the world. Fiat only incentivizes win-lose, plunder, and oppression. #Bitcoin is the win-win equilibrium for the world and Bitcoiners want to help others because âif you win, I win.â Another node on the network as my peer means Bitcoin is more resilient, and we all win more. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Youâd be a good Samson Mow! #note19vaâŚrzzm npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Bitcoin wallets have this problem too that they donât build for consumers. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion There is absolutely nothing that any government or central bank can do about inflation at this point. Weâve passed the point of return for the legacy system. Only three paths exist now: 1ď¸âŁ Hyperinflate 2ď¸âŁ Default 3ď¸âŁ Buy #Bitcoin npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Borrowing without consent is stealing. Learn about #Bitcoin for the sake of your descendants. https://image.nostr.build/260b8898e104679a6e480e998ace1c4d973fadc79537a7f780cc8e47b1fdbe26.jpg npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Diminishing returns are for nocoiners. #Bitcoin npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation. The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC. IBITâs average stack is Ë$200M/day or 4.7k BTC. FBTCâs average stack is Ë$175M/day or 4.2k BTC. So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month. But more importantly, the IBIT/FBTC intake is Ë9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply. And this demand is just 2 ETFs. Donât forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs. Plan accordingly. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation. The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC. IBITâs average stack is Ë$200M/day or 4.7k BTC. FBTCâs average stack is Ë$175M/day or 4.2k BTC. So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month. But more importantly, the IBIT/FBTC intake is Ë9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply. And this demand is just 2 ETFs. Donât forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs. Plan accordingly. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion No amount of selling is going to be able to keep up with #Bitcoin demand from plebs, corps, nation-states, and ETFs. That is the reality people must accept. Some are bearish now and seeking out bearish things irrationally. Be rational. Leave the emotions out and do the math npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion No amount of selling is going to be able to keep up with #Bitcoin demand from plebs, corps, nation-states, and ETFs. That is the reality people must accept. Some are bearish now and seeking out bearish things irrationally. Be rational. Leave the emotions out and do the math npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion There are no diminishing returns when a step change takes place. Bitcoin is not a marginally better $ or gold. #Bitcoin is a 1000x improvement on any monetary technology devised in all human history. Diminishing returns is an irrelevant concept when the entire game has changed. https://image.nostr.build/d6e20bc2b30efc86b85f991a3409435ff1c03746a5384c00d8d9dd1e2151639d.jpg npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Thereâs a certain irony in Brian Armstrong trying so hard to change Bitcoin, promoting every fork, pushing Ethereum as a better Bitcoin, and listing so many shitcoins, but now his only job is providing custody to ETFs of the original #Bitcoin, the one which he saw as deficient. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Happy 2024 to all the #Bitcoiners! đ Especially the Laser Eyed, Toxic Maximalists, trolls, and so on. Weâve been called many things throughout history: heretics, blasphemers, witches etc, but weâre the ones that move the world forward. Keep at it For #Bitcoin For the future https://image.nostr.build/cff2719859c018ec032c135f29629345df21d50485ee0f02736e6a96d2d2ec3a.gif npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Happy 2024 to all the #Bitcoiners! đ Especially the Laser Eyed, Toxic Maximalists, trolls, and so on. Weâve been called many things throughout history: heretics, blasphemers, witches etc, but weâre the ones that move the world forward. Keep at it For #Bitcoin For the future https://image.nostr.build/cff2719859c018ec032c135f29629345df21d50485ee0f02736e6a96d2d2ec3a.gif npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Recursive Demand Shock⢠Thatâs it. Thatâs the note and other stuff. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion MSM: â#Bitcoin Experienced a 2-Omega Event Todayâ npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion A God Candle is $10k green on the daily. Weâve had this term a while. For $100k #Bitcoin candles I like Omega as it goes well with a quantifier. Just like with earthquakes, we have the Richter magnitude scale (5, 6 etc), we can measure BTC in Omegas: âitâs a 4âOmega candle.â npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion A God Candle is $10k green on the daily. Weâve had this term a while. For $100k #Bitcoin candles I like Omega as it goes well with a quantifier. Just like with earthquakes, we have the Richter magnitude scale (5, 6 etc), we can measure BTC in Omegas: âitâs a 4âOmega candle.â npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion While they begin Quantitative Easing again, we will perform another scheduled Quantitative Hardening. #Bitcoin npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion While they ACCELERATE, we will OSSIFY. #Bitcoin https://image.nostr.build/a55db8d93c92e3a0a0abdc1ce3c552506f5675d2a945c549df90531b2e63c893.jpg npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion While they ACCELERATE, we will OSSIFY. #Bitcoin https://image.nostr.build/a55db8d93c92e3a0a0abdc1ce3c552506f5675d2a945c549df90531b2e63c893.jpg npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Iâve come here to eat steak and send #Bitcoin to $1M, and I'm all outta steak. npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion Government: âInflation is at a manageable 4%.â Also Government: âWeâre giving ourselves a 38% raise to combat the crushing effects of inflation.â đ¨đŚđ¤Ąđ https://image.nostr.build/9683121e6479483c91764bd09ffe6ab216ed8bbe904ace8fe1673f7a3241882d.jpg npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion The ETF approvals arenât priced in The halving isnât priced in More nation-state adoption isnât priced in Renewed QE isnât priced in The multiplier isnât priced in The Veblen effect isnât priced in All of this happening at the same time isnât priced in #Bitcoin npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion The ETF approvals arenât priced in The halving isnât priced in More nation-state adoption isnât priced in Renewed QE isnât priced in The multiplier isnât priced in The Veblen effect isnât priced in All of this happening at the same time isnât priced in #Bitcoin npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion The ETF approvals arenât priced in The halving isnât priced in More nation-state adoption isnât priced in Renewed QE isnât priced in The multiplier isnât priced in The Veblen effect isnât priced in All of this happening at the same time isnât priced in #Bitcoin npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a Excellion baea253c31b1d668c4f1ef56b972f395fe7007060b6f87abc654bee9d9159951