We’re in the part of the cycle where my ex-wife calls me for customer service because she can’t remember how to log-in to her cold wallet.

Birthday suggestion:

The Bantang Bioeconomy Experimental Zone, in Anhui, China. As seen from above. Quite fun, and in no way alarming.

I was writing this 20+ years ago, that Systems can’t be fundamentally changed by working inside the System. It’s fascinating to see it being recognized so widely now. I’d love to also see acceptance of the old POSIWID theory: the Purpose Of a System Is What It Does. This has been sooo useful over the years in recognizing the gas-lighting from people who say a System “isn’t working, but it’s the best we’ve got so let’s work to fix it”. When in fact, the System is usually working exactly as intended for those who benefit most from it.

It sounds like a big part of this is ensuring Bitcoin OGs aren’t selling their non-kyc btc off-exchange for real estate, yachts and such. Which of course is precisely why OGs moved there.

When the US has to print, it needs cover. Banking system bailouts were cover. Covid was cover. Wars are cover. The Big Beautiful Bill is today’s cover (which is why it was never seriously opposed - it had to go through).

Weekly Volume on spot Bitcoin, across all major exchanges, is a fraction of what it was a year and a half ago, even months before Blackrock launched its ETF. Down by 60%+. It’s beyond ridiculous at this point to believe this is all mythical “OGs” dumping off-exchange, in individual non-traceable & non-taxable transactions. Since Wall St adopted Bitcoin pre-2024, purported purchases have been stellar…even as real spot-buying has continually evaporated. Yet price has refused to retrace, preying upward, and for weeks now seemingly intransigent above near-ath’s above $100kUSD. Paper Bitcoin is undeniable. Only a handful of Bitcoin fools still argue against it -mostly fiat-inexperienced influencers. Volume has clearly and undeniably disconnected from Price. Thus it won’t be long before the sharks arrive to frenzy-feed. Sharks seeks blood in the water. It’s their raison d’être. And fundamental disconnects are blood in the water. Wall St thought their boat was big enough. They underestimated what they were hunting. And Trump’s “SBR” was just the Mayor of Amity Island.

I don’t get this, so I feel left out. S’ok. Here’s a shitty zap. I guess.

100% Simple evidence for this is that BTC Weekly Volume across major exchanges has plunged by 70%+ in the past 7 mos (absent a notable “selloff bottom”). Volume includes both buying & selling, obv. Real BTC is not changing hands.

Pepe the Frog thing is like watching an old guy on a Harley. Just me?