Who could imagine CZ would push BNB of all crapto?
Surprising...
/s

A thinner market
Fewer entities. Larger.
Pop, mom, where are you?







#haiku

Could you add a command to change our name, so the real telegram handle isn't shown? Opsec.

You weren't expecting a nuclear mushroom were you?
(Not Hiroshima - I mean a fungus that enacts nuclear reactions by moving protons and neutrons from one atom to the next.)

Ah, well, disappointing indeed.

Or feeding it tons and tons of sea water? That's the first source of gold on earth, as I suspect many of us know. Unfortunately, it's so diluted that we'd need a really huge pile of hungry fungus, without any cardiac problems, so not afraid of a salt-rich diet.

If (when!) the pensioners realize that the pension fund allocation to bitcoin would have doubled in value, they won't be happy though.

@goldkingcoiner, bot dead? I wanted to buy a little dip...

Here, found it. December 18, 2024. It might have been mentioned by someone else earlier on, during sleepy Joe's reign, but it wouldn't have had the same resonance.


(My emphasis)

Keep in mind Bessent is the puppet master now.  Powell is dubbed towel boy (or worse) because he can't and won't do much, despite the apparent position of absolute power he seems to hold. It's the curse of the Fed chair: nominally independent, but factually in serfdom to politics.

Personally, I don't think this will happen. There are subtler ways of printing without printing, and my guess is they will be picked over the very apparent and likely too noisy gold accounting trick.

This might be *nohomo*, but the cock flavor thingy is a turnoff anyway.

The gold re-evaluation thing as an accounting trick (without actually selling any), I saw it mentioned first just before Orange Man took office. I think it was Hayes's blog - one of my preferred sources for macro analysis - but I wouldn't bet my family jewels on that. At any rate, it's not a new idea, as it's been mentioned several times after Biden went to sleep.

Thrifty bitcoiners rule.

Bold prediction, bullish as we like it here, and decently underpinned by facts and factoids. Quoted for reference, merited for support!

You mean 2 or 3? The profligacy... some people are shameless!

I'm also in, I half aped with 50% of my fake USD stash 

Saturday night, classical weekend pump. Long overdue.
Say by May 4, 01:30 (AM)

In prose: nothing mechanically prevents the funding rate from going negative. Verifiably true: there have been several stretches of negative funding rates. The carry trade (long corn, short futures) gets disrupted when it happens. I don't think the "inverse carry trade" would work too well (shorting corn and longing futures) to monetize negative funding rates.

However, as I'm sure you know very well, the normal state for bitcoin futures is contango - that is, futures are more expensive than today's corn. In other words, the premium - basically the funding rate - is generally positive, at least when bitcoin is expected to go up.

If it's really "going up forever", as Laura often repeats after some guy told her, the more frequent, normal condition could be profitable. Predicting it to stay in the 4%-8% annualized range is another matter, though.

Then, they short real corn
While longing derivatives
The un-carry trade?



#haiku
#not-financial-advice

Make silly questions? Get.. s/s/s/s
ssssssAM
Sam is the guy you call
When price go up.

Hey, Sam? Yeah, Ed here.
How about that Zen oracle,
"Why price go up"-san?

--Updates come through/ / /
If they / / / come through
Because the updater is on--

(on.... on... on..)

When sellers give no love, price go down
When buyers hornier (whoohee!) price go up
It's the down. And the up.

Ask
Ask
Ask
Ask LAURA


#nohaiku
#musestrike

Yes. Elsewhere they say it explicitly: all the yield is expected to come from the basis trade - nothing riskier than that. I lost the link and can't find it right now, but it confirms what you're saying.

Your post is food for thought.

My own take - but I haven't thought about it much yet, honestly.

WTF were we expecting? The best asset in the world left to a bunch of cyberpunks smart enough to see the truth back in the day? Of course human greed - of which corporate greed is the more structured incarnation - would take over. OK, maybe the P2P road seems a bit troublesome right now. However, Lightning does work, and I'm using a nifty app that moves sats in seconds, no questions asked.

Apart from P2P currency, the goal of bitcoin could still be protecting money from evaporation via inflation. And in due time, possibly disciplining rogue central banks that solve each and every problem by what they know best how to do - namely printing. Gold failed at that, after Nixon blah blah blah, and it is too easy to confiscate: remember Eisenhower - and Hitler and Mussolini and all the other warmongers thirsty for war funds before that, back to the Incas maybe?

Now bitcoin has this thing about private keys and boating accidents that makes it much, much better than gold at establishing a baseline for value. That might be the ultimate goal.

Interesting times indeed.

14 - d_eddie

And thank you for the game cygan