German police: why are you praying here? x.com/Gen_Fault/status/20667…

Technology is becoming magic. You have to know the gestures, structures, and incantations to use it. If you don't, most of it stays hidden.

Financial alchemist performing inoculation:

Right, Saylor played a bad move here If he wanted to show he’s capable of selling, he should’ve sold a significant amount

Boomer: I made a contract with the government that you have to pay me

Boomers being “forced out” of family homes by property taxes sounds cruel. But many bought those houses for one reason: raising children. The house is still perfect for that: rooms, garden, schools, neighborhood, family layout. But they aren’t raising children anymore. Other families are. And they want that exact asset. Many of them. That’s why the house is expensive. That’s why the tax is high. So what looks like cruelty is just market forces in action: A retired couple is warehousing scarce family infrastructure for nostalgia while working families compete for the privilege of using it for its actual purpose. The people trying to raise the next generation, the very people funding the boomers’ retirement, are told to wait outside. You can still do that. But if a new family can pay the tax and you can’t, the market is telling you who values the asset more. TL;DR: If you want to hoard scarce family infrastructure, pay the market price for doing so or GTFO.

Property taxes fictitiously mark to market real estate value. This is an economic fallacy, in no market can you liquidate the whole supply at current bid. It transfers inflation into the tax base, funneling liquidity created via expansion of the money supply to the state. In a bull market this is invisible, whoever is forced to sell can do so at market price. If the market turns though, this adds to the cascade.

This seems fundamentally wrong. The case for $ETH being money is either true or false, but surely not exhausted. The main competitors here are the Dollar, Gold and BTC. All of them have way higher mcap. ETH combines their properties and has additional utility.

The Law be like: Yes your opinions are protected, but facts aren’t.

Who’s living in these houses that nobody can afford?

If the club doesn’t look like this I won’t go

X's trap: you have to read the noise before you can dismiss it - but then it's already in your head.

The recent underperformance of BTC vs. Gold could be the first sign of the traders leaving. Now the holders must step up and lift BTC the final way up to gold. If they do not, they kill their own case by making it a worse store of value than gold. That would be devastating.

The BTC -> Gold mcap trade was a great narrative. But so far it was just that, a trade with a great narrative. The closer BTC gets to that goal, the worse the r/r of that trade becomes. The holder base must shift from traders who want upside to holders who want stability.

Will Bitcoin even ever reach the status of gold, or was it all just a trade? How many hold BTC because they want a stable store of value vs. how many just want the trade from 0 to that status - and will bail once the upside is exhausted?