BoomTown

scarcity requires trade-offs.

Public Key

npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcm

Profile Code

nprofile1qqst6l33qf3eul9rf8hj0c3pphmdqfjcuqv6y2kxtyuutcddenjahzqpp4mhxue69uhkummn9ekx7mqpzpmhxue69uhkummnw3ezuamfdejsz8rhwden5te0dehhxarj9e3xjarrda5kuetj9eek7cmfv9kqz9thwden5te0wfjkccte9ekk7um5wgh8qatzqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hsz9thwden5te0v4jx2m3wdehhxarj9ekxzmnydpecm2

Publishing to

nos.lol

nostr.wine

nostr.bitcoiner.social

relay.mostr.pub

relay.damus.io

eden.nostr.land

Author Public Key

npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcm

Show more details

Last Notes

2025-10-30 03:59:59 CET

Good to be back, fellas. 😂

2025-10-30 01:20:30 CET

Spoiler: there was a lot of stuff that kept a face melting bull run from manifesting in the next three months.
#note16lc…mrnj

2025-05-19 04:14:33 CEST

- reply

Are cycles still a thing? At this point I’m not sure.

2025-05-14 02:08:20 CEST

- reply

Not bitcoin

2025-05-14 01:21:14 CEST

- reply

Most social media content has no value.

2025-05-12 21:05:26 CEST

- reply

lol

2025-05-12 06:39:15 CEST

- reply

It works until it doesn’t.

2025-05-11 03:18:25 CEST

What’s the 70-year inflation rate on bricks?

2025-05-08 03:06:10 CEST

- reply

There is such selling resistance after any upward rip. We flew through 98,000 and the suddenly there was a huge wave of sells at 98,250. Completely manipulated market. Price suppression by major players.

2025-05-08 02:46:20 CEST

- reply

It’s cheaper than raising equity for a small venture.

2025-05-08 02:15:58 CEST

- reply

See … we need NGU so that more people can accept below market compensation.

2025-05-07 16:18:36 CEST

- reply

I think bitcoin’s price action is because the Fed has been buying a couple/few dozen billions worth of treasuries each of the last few days.
But look over there and not over here.

2025-05-07 02:57:02 CEST

- reply

This is a natural progression for bitcoin. If bitcoin is going to act like “money” if it is “fuck you” money … perfect property rights, then a major method of monetizing that property is using it as collateral. Obviously it is riskier at this stage than it will be later but equity costs are 20%+ for small ventures.
Prudent use of leverage using bitcoin as collateral is 100% legit. Finding opportunities that will safely deliver 20%+ returns will be challenging, though.

2025-05-06 18:38:40 CEST

- reply

It’s irrelevant to anyone living today. There is no reason that an end coming after another 400M years requires investment today.
Zero. It’s 100% alarmism and aimed to justified continued government spending on his ventures.

2025-05-06 18:23:13 CEST

//alarmism!!!
“Give me more fiat $$$.” -Musk
#note1fvz…n4xw

2025-05-06 17:50:59 CEST

Our guy!
#note1krp…r9wn

2025-05-06 14:35:14 CEST

164,362.5 newly issued bitcoin per year.

2025-05-06 14:32:45 CEST

OVERPLAYED: the concept of “diminishing returns” in bitcoin price appreciation
When capital allocators, working on behalf of thousands or millions of people start buying bitcoin, the effect will be greater in magnitude and velocity than individuals buying bitcoin in retail markets.
Short term supply is trending down…tick tock.

2025-05-05 23:06:05 CEST

The class of 2021 hasn’t been rewarded for our hodling through the longest bear market in Bitcoin’s history.

2025-05-05 20:37:08 CEST

Coinbase is this cycle’s FTX

2025-05-05 20:14:46 CEST

- reply

It is crazy, isn’t it!? How has the price not moved?

2025-05-05 19:07:18 CEST

Absolute scarcity, I hardly knew thee.

2025-05-05 17:49:48 CEST

- reply

What have they been doing for the last 18+ months?

2025-05-05 16:38:31 CEST

Same energy:
https://youtu.be/hWMnbJJpeZc
#note15pw…0um4

2025-05-05 16:38:13 CEST

- reply

https://youtu.be/hWMnbJJpeZc

2025-05-05 04:03:55 CEST

How humbling it must be to be a fiat billionaire, recognize Bitcoin for what it is, and not be able to control the price action.
Unless you’re Trump and Lutnick…then you fucking control it. What the fuck are you doing?
Puhmp it.

2025-05-05 03:42:28 CEST

Coinbase is fucking gay AF
#note15pw…0um4

2025-05-05 03:41:47 CEST

He fought the good fight. RIP
#note15dh…wun7

2025-05-05 03:18:19 CEST

Seriously assholes. Just start worrying about NGU … everything else takes care of itself.
#note19ht…uhmn

2025-05-04 16:40:59 CEST

- reply

I think Tether is on the way to be a direct replacement. They’re the ones buying US Treasuries

2025-05-04 16:40:17 CEST

- reply

No but you can go hashtag by hashtag and follow what you’re interested in.

2025-05-04 16:34:20 CEST

- reply

You can. Or at least hashtags.

2025-05-04 16:24:58 CEST

Only question is when…sucks for them. Haha.
#note1muf…579w

2025-05-04 16:22:39 CEST

Bitcoin replaces the Federal Reserve.

2025-05-04 14:15:57 CEST

“Bitcoin sets the cost of capital!”
“Sats flow!”
Only if NGU.
Storer of value? Medium of exchange? Unit of account?
Only if NGU.
Perhaps all the rich bitcoin OGs should return to their roots and remember that there is an entire generation of bitcoiners who have been in - some all-in - for 4+ years and all we have is a stupid “bitcoin $100k” hat.
Absolute scarcity needs to do its thing. The fact that it hasn’t yet shows that while bitcoin influencers circle jerk with podcasts and venture capital firms, the credibility of bitcoin as money is being interfered with by Coinbase, binance, and the like.

2025-05-04 04:49:17 CEST

- reply

When bull market @npub1qny…95gx ? Class of ‘21 wants to know.

2025-05-04 03:03:20 CEST

- reply

100%

2025-05-03 21:22:41 CEST

- reply

Should only take them 2-3 years to ramp up their manufacturing capability. Things will totally be stable in the meantime.

2025-05-03 20:25:46 CEST

- reply

Katie Hobbs NGMI

2025-05-03 19:49:05 CEST

Where is the puhmp!?
#note17my…j573

2025-05-03 19:43:32 CEST

Financial leverage = balance sheet position
Operational leverage = life position
Having both at the right time leads to incredible wealth.
Having both at the wrong time leads to financial ruin.

2025-05-03 16:32:30 CEST

- reply

FTX suppressed price and adoption. That showed up in court filings. The Bitcoin market is 100% being manipulated. Last cycle it was FTX, Celsius, etc. … this cycle it is Coinbase, Binance, etc.
Adoption of a digital technology is not the same as mechanical, supply chain heavy technology.
I think you’re a spook.

2025-05-03 16:09:37 CEST

- reply

That’s a simp take. All networks grow exponentially. Power law was the response to S2F … power law is for simps and spooks.

2025-05-03 15:57:04 CEST

Can we go back to worrying about NGU … ?
Im annoyed AF right now. 100+ days since the ATH and even that was kinda late and pathetic based on historical standards.
Exponential means exponential. Not linear. Not diminishing returns.

2025-05-03 00:25:11 CEST

- reply

Class of ‘21 waiting patiently

2025-05-02 04:41:08 CEST

- reply

I would like more of a bump in purchasing power before I *really* start spending mine, though.

2025-05-02 02:34:33 CEST

Class of ‘21 maxis are the real ones.

2025-05-02 01:34:53 CEST

- reply

It might also be because those entrepreneurs are more willing to accept absolutely terrible terms to accept Sequoia $$$. And they’re easy to get rid of without creating a network effect firestorm.

2025-04-30 19:22:22 CEST

- reply

Andrew Jackson

2025-04-30 14:57:33 CEST

100 days since the ATH. Worst bull market ever.

2025-04-30 07:57:33 CEST

@npub1guh…6hjy left the door open to “supercycle” on last week’s @npub10ut…xdlq … we’re not humble enough, yet.

2025-04-30 04:06:10 CEST

The most valuable and prettiest and toughest part of Canada wants out? I wish them well in their efforts.
#note19dl…gfew

2025-04-30 03:54:56 CEST

- reply

🙄

2025-04-30 03:37:01 CEST

@npub1de6…q0sd how important is this $95k resistance?

2025-04-29 17:36:17 CEST

- reply

So full of dysfunction, ignorance, and disengagement? Sounds like a great way to live life.

2025-04-29 16:42:43 CEST

- reply

I’ve started to use Velos to replace alcohol. A little discouraging to hear that I might not being doing as much good as I had hoped.

2025-04-29 16:32:03 CEST

- reply

So you’re saying 40-70 mg a day is too much? 😂 I’m doing it wrong.

2025-04-29 04:25:57 CEST

Canada’s NGMI
#note1wtz…dyzu

2025-04-29 04:13:40 CEST

At some point this guy should stop with predictions…he misses on all of them.
https://image.nostr.build/3072cb7e29ffc20698e6e88b82efc4eb9a52c4502dad2c94e6559cfee8d17aea.jpg

2025-04-27 17:26:27 CEST

We can’t hate the communists enough.
#note160j…03qq

2025-04-25 15:44:31 CEST

@npub1rtl…jtfs 😏
#note1xkt…55ez

2025-04-25 04:47:50 CEST

- reply

Nah, there will always be value to territories with claims over resources - energy and assets. There will always be government and it is reasonable to expect that the United States will continue on for decades to come. The fact that the United States is getting onboard with (maybe even embracing) bitcoin means that they will be best positioned to navigate the transition. And as Bitcoin is still in its infancy for medium of exchange, the USD will still be used to settle commerce in the short to medium term (10+ years).
Bitcoiners can’t keep others from using bitcoin and bitcoin being integrated into legacy systems and institutions. Bitcoin wins in the end and the dollar will be stronger for the USA embracing Bitcoin than it would without the government’s support.

2025-04-24 22:59:14 CEST

- reply

Too expensive. Materials and labor would be 4x what goes into a house these days.

2025-04-24 18:44:12 CEST

- reply

A step indicating they might offer proof of reserves but obviously isn’t there yet. Show us the address(es).

2025-04-24 16:18:03 CEST

- reply

It will convert into XXI upon close of the transaction.

2025-04-24 04:50:24 CEST

WTF will keep this bull run from fully manifesting in the next 3 months? … like full on, face melting upside price action. If we are winning then the class of 2021 needs to experience their windfall moment.

2025-04-23 03:48:54 CEST

- reply

Fuck me.

2025-04-22 23:51:24 CEST

- reply

Spoiler: they won’t

2025-04-22 23:49:48 CEST

- reply

Exactly.

2025-04-22 22:51:38 CEST

- reply

I thought on the (only) couple days we ripped, they had some shenanigans.

2025-04-22 16:46:08 CEST

GDI @npub1hk9…ppcr now we’ll definitely see $85k again.
#note15dr…wenp

2025-04-22 15:46:43 CEST

- reply

WGAF … unless it’s Joe Kernan everyone else at CNBC is a LARP

2025-04-22 03:36:50 CEST

- reply

“Ripping” …
https://tenor.com/view/marvel-is-it-though-thor-bruce-banner-gif-14242312

2025-04-22 03:10:52 CEST

Again, this guy is good.
#note1py7…ldmh

2025-04-22 00:27:17 CEST

- reply

🔥🔥🔥

2025-04-21 23:48:31 CEST

This guy is good.
#note1qzx…y80j

2025-04-21 23:21:38 CEST

- reply

Except flamethrowers and machine guns
😬

2025-04-21 19:43:15 CEST

Demand proof of reserves.
https://stocks.apple.com/AUPoDOouLSXiTWZoaRVwuEg

2025-04-21 15:44:56 CEST

- reply

Bitcoin fixes this.

2025-04-21 05:46:31 CEST

https://tenor.com/view/the-big-short-smile-happy-gif-21062813
#note1xes…mpm6

2025-04-21 05:23:31 CEST

- reply

Yes.

2025-04-20 16:22:23 CEST

- reply

In fairness, I think MSTR (non-custodial bitcoin) is mostly acting like a buffer to limit the bull market. Getting folks like Jesse Myers and Preston Pysh to geek out on the theory of MSTR (which is totally sound) and attract capital that would otherwise allocate directly into fully custodied bitcoin.
They’re buying time for the nation state adoption phase. FTX was the attack on Bitcoin and it failed. At worst, MSTR is the vehicle to slow price appreciation so that they can coordinate as orderly of a transition as possible. Coinbase is 100% in cahoots with the US government.

2025-04-19 05:54:19 CEST

What. The. Ever. Loving. Fuck. Is. This. Shit?
#note16un…s7w4

2025-04-18 17:32:52 CEST

“Long your longs.”
-David Bailey, January 18, 2025
Bitcoin price: $101,000

2025-04-18 17:06:19 CEST

Fiat habits die hard.
#note1tgv…eq4g

2025-04-18 16:23:29 CEST

- reply

IMO trade war will become a kinetic war as soon as they really start to lose. Or as soon as we start to lose. The stakes are too high.

2025-04-18 15:19:57 CEST

When is the supply shock? 😬

2025-04-18 14:29:43 CEST

- reply

Yeah, they deserve pity. Especially once the charade ends and they’re exposed for not actually having what they think they have.

2025-04-18 05:49:20 CEST

- reply

I blew my streak in February 2023 while in Breckenridge! Before that I had never puked from alcohol and had last puked in 2002. I’m convinced it was as much to blame on the altitude as the alcohol! But - alas - I had to start over.

2025-04-18 05:13:11 CEST

- reply

Sure but do it on a mineral / agricultural GDP basis … service economies are about to go belly up.

2025-04-18 05:12:01 CEST

At a dinner tonight, the US Treasury market came up. I characterized last week as a collapse that required Trump to fold his hand.
An old wealthy real estate guy, balls deep in a real estate PE vehemently disagreed with me, saying that the treasury market was fine and that “he checks it 10 times a day” he would know … unrelenting, I pulled up the Apple stocks app 10-year US treasury chart and showed him that it collapsed between April 7-April 9 which coincided with Trump blinking on his tariff strategy … he quickly changed the subject to something totally unrelated with the other 3 guys in the group. After about 5 minutes, I asked if we could revisit the treasury market discussion. He aggressively embraced my upper arm a couple times, looked away and proclaimed that “he wasn’t going there again” and then walked off to “get another drink.”
We’re winning and they know it.

2025-04-15 03:22:50 CEST

- reply

This guy 👍🏼👍🏼

2025-04-15 00:13:52 CEST

- reply

Coinbase is in cahoots with higher powers.

2025-03-18 14:09:17 CET

Really, David? This week is gonna be a big week?
https://image.nostr.build/09d488d5538871c6d6afc2986de44c9e7703abb693422736a0fabd08e9665a0a.jpg

2025-03-18 11:38:54 CET

- reply

Demand proof of reserves from MSTR. Demand proof of reserves from the ETFs. Demand proof of reserves from Coinbase.

2025-03-17 20:35:55 CET

- reply

https://tenor.com/view/rage-christian-bale-gif-20211156

2025-03-17 19:09:35 CET

- reply

If Coinbase has 90% reserves and 10% float, that’s an extra year’s worth of issuance. Y’all don’t think Coinbase is able to float a percentage of their coins they believe won’t ever move (…cough cough MSTR.)
@npub1rtl…jtfs @npub1qny…95gx

2025-03-17 18:54:37 CET

- reply

Don’t know how accurate the # 10.83% is but the order of magnitude is meaningful, regardless.
2M Bitcoin is more than all the bitcoin left to be mined.
Think of the shenanigans possible with coordination of the major economies, regulators.
https://bitbo.io/news/coinbase-custodies-2-million-btc/

2025-03-17 18:49:01 CET

- reply

How it’s going…
https://www.reuters.com/technology/us-sec-announces-dismissal-civil-enforcement-action-against-coinbase-2025-02-27/

2025-03-17 18:48:28 CET

How it started…
https://www.sec.gov/newsroom/press-releases/2023-102