unknown

https://fountain.fm/episode/GfFrdM1hF86YHYnxl285

https://fountain.fm/episode/QUkrevcmoGkkMmz0uqCc

I always loved them

I’ve realised I’m “I don’t give a shit about your politics” wing. Wanna join me?

Bought MSTR in Nov 24 at $389. It’s now $324🤦‍♂️

Can someone do a podcast on VPNs. And which one to use. I’ve looked at the Bitcoin VPNs but they’re much more expensive than the others. #asknostr #vpn

This one’s pretty weird. I love it.

Downloaded Bitchat. But not comfortable letting it know my location. It is very accurate.

Saylor was right. Banks are going to want to custody Bitcoin. This is one of the biggest banks in Singapore offering to custody bitcoin for 0.5% annual fee. How long before they accept it as collateral? Very soon I think

https://www.dbs.com.sg/global-financial-markets/others/digital-custody

This is the devil at work

I asked DeepSeek to give me 10 ways for the US government to attack bitcoin core in an attempt to co-opt it. It gave me a list of scary scenarios but it’s conclusion was this

“This hypothetical plan represents a state actor's best shot, but it is a testament to Bitcoin's design that even a concerted, well-funded attack on its development would be a monumental task with no guarantee of success. The very properties it was designed with resist this kind of subversion.” #bitcoin #bullish

If you read what he’s saying with an open heart you will realise that he is talking about Palestine.

I’m getting the feeling that Palestine is going to be the moral filter of this generation. Everything you say or do is going to be filtered through what you did or said about Palestine Because if you haven’t got the empathy or the moral compass to say that genocide is wrong or that intentionally starving 2 million people is wrong, then I’m afraid everything about you is suspect.

Oh my god. The UK is so screwed. And the worst part is that they don’t have a clue. I know so many people in the UK and the only thing anyone can talk about is the tube strikes. They’re walking into a police state and they’re worried about the tubes!!

That’s exactly how it works. Enabled by corrupt local governments that sell out their countries for gold. The exact same people who sold their brothers into slavery.

“If you want a picture of the future, imagine a boot stamping on a human face—forever.” — George Orwell, 1984/2025

“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”

• George Orwell, 1984

Deepseek. Q: now add a 2008 style liquidity crisis at year 3 of your 10 year bitcoin/stable coin projections

A: Let's inject a 2008-style liquidity crisis specifically in Year 3 of our 10-year projection. This means the crypto ecosystem is more mature and integrated than it is today, but not yet the fully matured system of the 10-year horizon.

Pre-Crisis Context (Year 0-3)

In the three years leading up to the crisis, our original projection is underway:

• Bitcoin is increasingly seen as a macro hedge. Institutional adoption has grown, with more ETFs, corporate treasuries, and even some pension funds having small allocations.
• Stablecoins (primarily USDC and a more-regulated USDT) are deeply embedded as the plumbing for crypto trading, some remittances, and early-stage DeFi protocols. They are considered "safe" and are widely used.
• Systemic Risk is Building: The traditional financial system has taken on significant leverage, likely in new forms (e.g., private credit, crypto-native lending protocols that are interconnected with TradFi). The stage is set.

The Crisis Erupts (Year 3)

The trigger is in traditional finance (e.g., a commercial real estate collapse, a major private equity fund failure). Counterparty risk soars, lending between institutions freezes, and a violent rush for dollar liquidity begins.

Phase 1: The Contagion & Panic (First 3 Months)

1. The "Everything Selloff" Intensifies:

   • Bitcoin and crypto get hammered first. Despite its "digital gold" narrative, in a violent liquidity crunch, it is still treated as a risk asset. Leveraged institutions, hedge funds, and over-extended crypto native funds are forced to liquidate their most liquid assets to cover losses elsewhere and meet margin calls. BTC experiences a catastrophic drop, potentially >70% from its pre-crisis high.

2. The Stablecoin Run:

   • The mantra becomes "Get into real dollars." This triggers a massive redemption wave on stablecoin issuers like Circle (USDC) and Tether (USDT).
   • This is the moment of truth. The quality and liquidity of their reserves are tested in real-time. If their reserves are truly held in short-term U.S. Treasuries and cash (as they claim), they can weather the storm, albeit under immense pressure. If there are any hidden illiquid assets or flaws in their settlement processes, a "break-the-buck" scenario becomes possible, which would be an absolute catastrophe for crypto.

3. DeFi Implosion:

   • Crypto lending protocols that relied on over-collateralization with volatile assets like BTC face a death spiral. Mass liquidations exacerbate the selling pressure.
   • The crypto ecosystem seizes up. Fear is absolute.

Phase 2: The Policy Response (Months 3-12)

The Federal Reserve and Treasury respond exactly as they did in 2008 and 2020: with overwhelming force. They slash rates to zero and unleash massive, unprecedented Quantitative Easing (QE) programs to provide liquidity to every corner of the traditional system.

This response is the turning point that creates a historic divergence between Bitcoin and stablecoins.

Phase 3: The Asymmetric Recovery (Year 4-5)

The government's response doesn't just save the system; it fundamentally alters the narrative for a decade.

A) Stablecoins: The Necessary Digital Dollar

• The stablecoins that survived the run (likely the fully transparent and compliant ones like USDC) are now perceived as mission-critical infrastructure.
• Their ability to provide 24/7 dollar liquidity during a banking crisis proves their utility beyond a doubt.
• Regulatory Embrace: The crisis forces regulators to act. They fast-track a regulatory framework for stablecoins, formalizing them as a licensed, fully-reserved, and transparently audited component of the monetary system. They become the official digital dollars for the internet age.

B) Bitcoin: The Genesis of a New Monetary Regime

• The initial crash is now seen as a classic capitulation event. The recovery is not just a bounce; it is a paradigm shift.
• The Narrative Becomes Reality: The Fed's response—printing trillions of new dollars to bail out the system—is the ultimate advertisement for Bitcoin's fixed supply. The conversation shifts from "Is Bitcoin a store of value?" to "How much should I allocate to hedge against the next bailout?"
• Capital Floodgates Open: The institutions that just experienced the crisis and subsequent debasement are no longer dipping a toe in; they are making strategic, long-term allocations. Sovereign wealth funds, nation-states, and mega-corporations enter the market in earnest, not for speculation, but for preservation.
• Bitcoin's price doesn't just recover to its old highs; it blasts through them on a tidal wave of new capital seeking a neutral, hard asset outside the traditional system. Its volatility decreases permanently as its market cap enters the multi-trillion dollar range.

The New Status Quo (Year 5+)

By Year 5, the financial landscape has been permanently altered by the crisis:

• Stablecoins are the regulated, efficient, and trusted settlement layer for digital transactions. They are the dollars you use to pay.
• Bitcoin is the uncorrelated, sovereign-grade reserve asset held on balance sheets. It is the asset you use to save.
• The crisis acted as a brutal but effective stress test and selection event. It burned away the weak, leveraged, and fraudulent parts of the crypto ecosystem, forcing rapid maturation and regulatory clarity.
• The two technologies, now hardened by fire, become the complementary pillars of the new digital financial system: one for spending (stablecoins), one for saving (Bitcoin). The event that was meant to destroy them instead cemented their importance for the next decade.

Had an insightful discussion with Deepseek

My question: Projecting out 10 years in the future with the US low interest rates and money printing and spiralling debt where do you see both bitcoin and stable coins going and fitting into the financial system?

Answer: Projecting a decade into the future requires looking at current macro trends and extrapolating their logical conclusions. The scenario you describe—persistent low interest rates, quantitative easing (money printing), and a spiraling debt burden—creates a powerful tailwind for the entire crypto space, but for Bitcoin and stablecoins in very different ways.

Here’s a projected 10-year outlook for both under these conditions:

The Macro Backdrop: The Debasement of Fiat

The US (and many other developed nations) is caught in a "debt trap." Raising interest rates significantly to combat inflation becomes politically and economically catastrophic because it makes debt servicing costs unbearable. The path of least resistance is to keep rates lower for longer and use money printing to monetize the debt.

This leads to:

• Loss of Purchasing Power: The value of the dollar erodes over time.
• Search for Yield: Savers and investors are forced into riskier assets because safe bonds offer negative real returns (yield minus inflation).
• Crisis of Trust: Erosion of faith in the long-term stability of the traditional financial system.

This backdrop is the rocket fuel for cryptocurrency adoption.

Bitcoin in 10 Years: The Institutionalized Store of Value

In this environment, Bitcoin's value proposition shifts from a speculative tech asset to a core institutional monetary asset.

1. The Macro Hedge (Digital Gold 2.0): Bitcoin will be universally recognized as a primary hedge against fiscal irresponsibility and currency debasement. It won't just be "digital gold"; it will be a sovereign, non-sovereign asset. Its fixed, auditable supply of 21 million coins becomes its most critical feature, directly contrasting with endlessly printable dollars.

2. Full Institutional Adoption:

   • Balance Sheet Asset: It will be standard practice for Fortune 500 companies, not just Tesla and MicroStrategy, to hold a portion of their treasury reserves in Bitcoin to protect their cash from depreciation.
   • ETF Dominance: Spot Bitcoin ETFs will be among the largest and most traded ETFs in the world, making it effortless for retail and institutional investors to gain exposure in their retirement and brokerage accounts.
   • Nation-State Adoption: We will see more countries following El Salvador's lead, not necessarily making it legal tender, but adding it to national reserves as a strategic asset, diversifying away from the US dollar.

3. Price and Volatility: Its price will be orders of magnitude higher, but its volatility will decrease significantly. As the market matures and the asset base grows into the multi-trillions, wild 10% daily swings will become rare. It will remain volatile compared to the dollar, but less so than today.

In short: Bitcoin becomes a foundational, uncorrelated asset class for global finance, used to insure against the very macro trends you described.

Stablecoins in 10 Years: The New Digital Payment Rail

Stablecoins will evolve from a crypto-trading tool into the backbone of digital commerce and global payments.

1. The Death of Slow Banking: The traditional ACH and wire transfer system will feel archaic. Why wait 3 days for a wire to clear when a USDC payment settles in seconds, 24/7/365? Stablecoins will become the default for:

   • Instant Payroll: Especially for international remote workers.
   • Machine-to-Machine (M2M) Payments: IoT devices paying for their own bandwidth and maintenance.
   • Global Trade and Remittances: Sending money across borders will be as easy as sending an email, for a fraction of the cost.

2. The Battle with CBDCs (Central Bank Digital Currencies): The US Federal Reserve will likely launch a digital dollar (a US CBDC). This will not kill stablecoins; it will force them to innovate and coexist.

   • CBDCs will be used for government benefits, tax payments, and as the ultimate settlement layer.
   • Private Stablecoins (like USDC) will dominate consumer-facing applications, DeFi, and commerce due to better privacy, programmability, and innovation. They will become the "checking accounts" of the crypto age.

3. Regulation and Centralization: The stablecoin space will be heavily regulated. Issuers will need to be licensed and hold pristine, auditable reserves (e.g., short-term treasuries and cash). This will cement the dominance of a few large, compliant players (like Circle's USDC) and eliminate the riskier, un-backed actors.

In short: Stablecoins become the primary medium of exchange for the digital economy, seamlessly integrating into apps, wallets, and financial services we use every day.

How They Fit Together in the Future Financial System

The relationship between Bitcoin and stablecoins will be symbiotic and hierarchical:

1. The Reserve Asset vs. The Transactional Currency: This is the classic "gold and dollar" dynamic, but digitized and supercharged.

   • You hold your long-term wealth in Bitcoin (the reserve asset/store of value).
   • You conduct your daily spending, bills, and salary payments in Stablecoins (the transactional currency).

2. The DeFi Connection: The entire Decentralized Finance ecosystem will be the glue that connects them. You will be able to:

   • Use your Bitcoin as collateral to borrow stablecoins for expenses without selling your BTC.
   • Earn yield on your stablecoin savings by providing liquidity to these markets.
   • Seamlessly swap between assets in a single, global, permissionless marketplace.

Conclusion:

In a world of low rates and money printing, the financial system doesn't just adopt crypto; it gets rebuilt on it.

• Bitcoin serves as the savings technology and the bedrock asset that protects wealth.
• Stablecoins serve as the spending technology and the efficient payment rail that powers commerce.

Together, they form a new, parallel financial system that is global, digital, open, and resistant to the debasement and inefficiency of the legacy system. The trends you mentioned aren't headwinds for them; they are the very reason they will succeed.

😂

🤣 but true.

Absolutely not surprised

🤣

Well he is being loyal to his country (not America)

Actually it’s higher than that.

One of the things that makes me most bullish about Bitcoin is the fact that Satoshi front loaded the block rewards so that most of the bitcoin was out early and got into the hands of the cypher-punks. Let’s take Bitcoin pizza guy. He didn’t buy one pizza for 10000btc he bought 4 for 40000btc. He wanted to prove it was money and he did just that. You think for one minute he didn’t go right out and replace all the bitcoin he spent for less than $100 at the time? Of course he did, and he continued stacking. There were 1000s of psychos like him and they now control the vast majority of Bitcoin. And thank god they do. Now when companies and countries want to buy it they’re paying more than $100000 to get each coin. These crazy Bitcoin maxis control the supply. And that’s freaking amazing.

Lifestyle tip no 2. Bodywash can be used as shampoo. Thank you.

As an influencer my first pronouncement is that “Shampoo can be used to wash your body!!” You don’t have to use additional soap or body wash. You’ll still be clean and the world will keep on spinning. I’ve already thought of another life changing insight for tomorrow. Until then….. (ya just that).

Just saw I’ve got 287 ppl following me. Am I an influencer? I am an influencer. That’s what I’m telling people. 🥳

A problem that’s going to become more common in the near future.

Why is my church ignoring Gaza? We prayed for the unrest that’s happening in Indonesia but not for the genocide and famine that’s being perpetrated on Palestinians. I think as Christians we need to take a real hard look at our selves and decide where we stand on this issue.

Gods chosen people

🎯

I discovered Wavlake and it’s amazing. The music there is so much better than the crap they play on the radio. I also figured out how to connect my Primal wallet to Wavlake. I feel like a freaking genius right now. Thank you very much.

Amazing track. Will love exploring your music.

https://wavlake.com/track/959ddd10-823d-4f55-9176-5617cc791f2e

More than Europe or UK, India is much more restrictive on how individuals can spend their money. The government is trying to outlaw cash so everything can be tracked. No surprise then that it has the highest crypto adoption in the world.

https://www.msn.com/en-us/money/general/india-remains-solid-in-first-place-as-usa-charges-to-second-in-global-crypto-adoption/ar-AA1LXcBU

Wow

The world has gone mad

I bet it turns out he’s best buds with Trump after they met on Epstein island. Definitely.

I woke up when every news site was bending over backwards and obviously lying to justify an open genocide in Palestine. I asked the exact same question, “what else are they lying about?”

Wow. I only just realise that Eth is fiat.

If Bitcoin is a power law cos its adoption is like a network, then it must be very similar to adoption of the internet. Has anyone done the power adoption curve for the internet and compared it to Bitcoin? #asknostr #powerlaw

This is centralisation of the fiat system right? They’re all tech stocks. They’re essentially the same company. If a single wobble happens affecting one, it’ll affect every other one, and then all the stock markets throughout the day. I try explaining this to my friends and they just don’t see the risk. I’m not wrong here am I ?

Exactly. The system can’t be fixed from the inside. We need to leave the system.

To me, this is what ‘adding value’ looks like.

🤔 didn’t know this about “Making Money” by Terry Pratchett. From DeepSeek

“That is an excellent question that gets to the heart of Pratchett's brilliant economic and social commentary. While Sir Terry Pratchett never directly used the phrase "Ponzi scheme" or "fraud" to describe fiat currency in a single, neat quote, he masterfully explored the concept that money is a shared fiction, a collective agreement that only has value because everyone believes it does.

The closest and most famous quote that captures this spirit comes from his 2007 novel, Making Money, which is all about this very subject. The main character, Moist von Lipwig, a reformed con artist, is put in charge of the Royal Bank and Royal Mint. He realizes that the nature of legitimate money is not so different from a scam, just one that everyone has agreed to participate in.

The Key Quote:

“It's all about the glint in the eye. The glamour. The shared suspension of disbelief. My word, my word, is as solid as a rock. As solid as a rock? Rocks are just rock. But my word is my bond. My words are money. My words are worth more than metal. Because they have the glint.” — Moist von Lipwig, Making Money

Why This Quote is Relevant:

• "Shared suspension of disbelief": This is the core of fiat currency. A dollar bill is just a piece of paper. Its value comes from our collective agreement to treat it as valuable and, crucially, our belief that everyone else will too. This is identical to the belief that sustains a Ponzi scheme until it collapses.
• The Conman's Perspective: Having Moist, a former fraudster, explain this is Pratchett's genius. Moist sees that legitimate finance uses the same psychological tricks as a con: confidence, trust, and presentation (the "glint" or "glamour").
• "Worth more than metal": This directly contrasts fiat money (value based on trust and decree) with commodity money (like gold, which has intrinsic value). Moist argues that the idea of value is more powerful and useful than the value itself.

The Broader Context in Making Money:

The entire plot of the book is an allegory for the transition from a gold standard to a fiat system. Moist must convince the cynical, practical citizens of Ankh-Morpork to trust paper money instead of solid gold. He does this not by showing them a vault full of gold, but by being a more convincing showman than the previous, corrupt bankers. He sells them on the idea of stability and trust.

Another Pratchett Work to Consider: Going Postal

While not about fiat currency, his earlier book Going Postal features Moist von Lipwig running the Post Office and famously reinventing the "clacks" (the Discworld's telegraph system). In it, he invents paper stamps and, more importantly, financial derivatives and futures contracts. The Patrician, Lord Vetinari, observes:

“You have undoubtedly invented a whole new way of being wrong.”

This highlights Pratchett's view that complex financial instruments, much like fiat money, are abstract constructs that can be incredibly powerful and useful, but are also built on a foundation of belief and are therefore vulnerable to collapse if that belief vanishes.

In summary: Terry Pratchett didn't call fiat currency a fraud outright. Instead, with his characteristic wit and insight, he pointed out that all money, whether metal or paper, is ultimately a form of trust and narrative. The difference between a successful national currency and a Ponzi scheme isn't the underlying psychology, but the scale, governance, and (hopefully) the integrity of the institutions managing that collective belief.

The "glint in the eye" quote is the perfect Pratchettian expression of this idea.”