
Cruising the world looking for tidbits of knowledge. #Bitcoin npub1m02hyyvpqgx4qdku8fheauet6zmvljepjy2frj459x2wkp5zz4hqt3mjgk
Bham, AL & JH, WY
Joined June 2018
- Tweets294
- Following642
- Followers108
- Likes1.4K
Darrell Ragan retweeted
Nobody warns you. That's the sick part.
Nobody sits you down and says, hey, if you spend one weekend actually reading about money, you will lose the ability to enjoy anything for the rest of your life.
Your brother-in-law just mentions it at a barbecue. That's how it starts. Some guy holding a hot dog says "you should look into Bitcoin" and you laugh at him.
You laugh AT him.
You make the tulip joke. You feel superior for eleven more days.
Then it's 2:47 in the morning and you're on your fourth Saylor podcast and your wife thinks you're having an affair.
And in a way, you are.
You're cheating on your entire worldview.
ou came in to debunk it. That's the trap. Everyone comes in to debunk it. You wanted to find the flaw, dunk on your brother-in-law, and go back to your Vanguard target date fund like a respectable adult.
Instead you found out what happened in 1971 and now you can't make eye contact with your 401k.
Because here's what actually happens.
Bitcoin is cool and all, but you REALLY learn about the dollar. Bitcoin is fine, Bitcoin is twenty-one million and a schedule, you understand it in an afternoon. The dollar takes months, because every time you think you've hit the bottom of that thing there's a trapdoor.
The Fed just... prints it? And they gave how much to the banks in 2008? And the banks did WHAT with it?
And the guy who ran that got a MEDAL? You're up at 4am reading about the Cantillon effect like it's your kid's toxicology report.
Then comes the phase where you're insufferable.
Everyone goes through it, nobody admits it. You ruin Thanksgiving. You genuinely ruin it. Your aunt says turkey prices are crazy this year and you see your opening like a lion seeing a wounded gazelle.
Forty-five minutes later you're drawing the M2 money supply on a napkin and your mother is crying and your uncle is saying "it's not backed by anything" for the ninth time while his pension is backed by the promises of a government that's thirty-seven trillion in debt.
He's worried about YOUR risk profile.
He has unit bias so bad he'd rather own a whole Shiba Inu coin than a fraction of the hardest asset ever created, because his brain, poisoned by seventy years of fiat, thinks "whole thing cheap" beats "piece of thing good."
And the prices. God, the prices. You can't turn it off.
You're in the grocery store repricing eggs in sats. The eggs are getting cheaper in sats. Everything is getting cheaper in sats except your will to explain that to anyone.
You look at a house and you don't see a house, you see the number of Bitcoin it costs, and that number falling forever, and you realize the housing crisis is a measuring stick crisis, and you say this out loud at a dinner party, once, and now you're not invited to dinner parties.
Then the anger burns off and something worse arrives.
Clarity. You realize nobody is coming to fix this.
The people in charge KNOW. That's the part that breaks you. They're not stupid, they're incentivized.
The debt can't be paid, only inflated, and every serious person in a suit on television knows it, and their plan is to be dead before the invoice arrives.
So you buy. Coinbase, first time, hands shaking like you're doing something illegal, and the fee annoys you, and that annoyance is the last normal financial emotion you will ever feel.
You set up the DCA. You learn what a hardware wallet is. You write twelve words on steel like a doomsday prepper, because that's what you are now, except your bunker is math.
And then the loneliness. Nobody tells you about the loneliness. You've seen it. You can't unsee it.
And you're surrounded by people you love who are working forty years to fill a bathtub with the drain open, and when you point at the drain they get mad at YOU.
So you stop pointing. You just stack quietly, in the dark, waiting for the day one of them comes to you, at a barbecue, holding a hot dog, and says the words.
"Hey... you were into Bitcoin, right?"
And you smile. Because it's their turn in the barrel.
Welcome. Nobody warned me either.
Darrell Ragan retweeted
It seems Jane Street may have had a long-standing culture that essentially trained crypto scammers, and perhaps also concocted and ran some of the scams themselves.
Terra/Luna was a jenga tower waiting for somebody to topple it, and it may have been Jane Street that figured out how to do it. If crypto is not strong and secure against such things, it provides little or no benefit over traditional finance, so I'm not going to cry about this, and perhaps it should even be applauded.
The alleged Bitcoin ETF market making + "10 am" selling with that liquidity sounds like a considerably more problematic conflict of interest. "Negligent" might be a good way to describe the ETFs who naively trusted Jane Street with this function. Now the once-hot crypto ETFs are draining because of an understandable reduction in trust, not in the coins themselves, but in the way Wall Street "makes markets" for buying and selling them.
In finance "everyone is a scammer" -- and you should stop blindly trusting scammers.
That is why Bitcoin OGs have long said, "Not your keys, not your coins," "don't trust, verify", and even "trusted third parties are security holes."
And when "the market" is so dependent on trusting strangers, especially strangers who still don't actually understand or like Bitcoin all that much, it's also not your "market price."
xitter.cf/1914ad/status/20267577…
Darrell Ragan retweeted
“The general struggle for existence of animate beings is not a struggle for raw materials – these, for organisms, are air, water & soil, all abundantly available – nor for energy which exists in plenty in any body in the form of heat, but a struggle for entropy“ Ludwig Boltzmann
Darrell Ragan retweeted
This conversation is surreal, KC Fed President: the dollar is a “faith-based” system. John Stewart: sounds like a mirage, makes sense in “the conjuring” kind of way. #bitcoin is a proof-of-work system, that is the contrast and it’s going to get a lot easier for people to see.
Darrell Ragan retweeted
Bitcoin mining provides the economic incentive for more grid capacity than is typically necessary, which allows for the potential for miners to shut down and sell electricity back to the grid when demand is unusually high. This is happening in Texas and Canada right now.
Darrell Ragan retweeted
0/This is the first of a series of threads, each based on one of @parkeralewis' 'Gradually, Then Suddenly' essays.
"Education is a critical aspect of #bitcoin. I hope that by distilling my own thoughts I can help others accelerate their path in understanding a complex subject."
Darrell Ragan retweeted
Pressure on Spotify is mounting. It’s the front line of the battle over free speech, which is the keystone of the democratic west. Every time we see Joe Rogan under attack, or muscle applied to Spotify, #ThanksJoeRogan and #ThankYouSpotify should trend.
*Every Single Time*
Pls RT
Darrell Ragan retweeted
1/ I DIDN'T SEE SOMETHING UNTIL NOW. Often I've spoken about paper assets creating a fake supply that satisfies real demand, & that (all else equal) this causes an asset's price to fall. Most recently this came up in a debate with @timevalueofbtc abt using #MVRV to value #bitcoin
Darrell Ragan retweeted
He keeps reaching higher levels of #Bitcoin enlightenment
Completely focused on the conduction of economic energy through time with zero transmission loss.
That's really why this thing is the best SoV asset in history. Cuts through the noise right to the heart of it.
This Post is from a suspended account. Learn more
Darrell Ragan retweeted
NEW: #Bitcoin-focused senator introduces bill to support "financial freedom and individual sovereignty"
Darrell Ragan retweeted
The #Dollar might never get out of these tight monetary conditions.
bitcoinmagazine.com/markets/…
Darrell Ragan retweeted
The Sovereign Individual (1999) is a guide for navigating the current transition from Industrial to Information Age.
Remarkably, it predicted the rise of 'digital gold'.
“If our deductions are correct, you stand at the threshold of the most sweeping revolution in history.”
A🧵
Darrell Ragan retweeted
I just published Announcing the Strike API
Today, @Twitter enables free, instant, global payments for their users with their integration of the Strike API.
What the internet did for communication, #Bitcoin + the Lightning Network is doing for money.
link.medium.com/KwMP19g6Mjb
Darrell Ragan retweeted
The success of Bitcoin doesn't depend on the "culture" of bitcoiners. If it is successful it will be used by many different people from many far off lands with very different cultures.
Those in "crypto" do not understand this. This is our alpha.
tftc.io/martys-bent/issue-10…
Darrell Ragan retweeted
Grateful for those trying to convince the govt to not pass restrictive legislation but ultimately Bitcoin is the product of activists who thought we should seize — not beg for — our freedoms.
This quote from Wei Dai (a Cypherpunk cited in the Bitcoin White Paper) sums it all up:
Darrell Ragan retweeted
…Who commit open-source code to a transparent, publicly viewable, decentralized ledger — facilitating peer-to-peer transactions without the need for a trusted (but sometimes not actually trustworthy) third party. #btc
Senator Warren: Crypto Puts Financial System in the Hands of 'Shadowy Super-Coders’
► decrypt.co/76997/elizabeth-w…
Darrell Ragan retweeted
1/ My essay "Bitcoin and the American Idea" is now live.
🇺🇸 was born 245 years ago but strayed from its founding ideals.
Can Bitcoin help it get back on track?
An African American activist (@bitcoinzay) and an Iraqi refugee (@faisalalmutar) say yes 🧵
bitcoinmagazine.com/culture/…





























