You might consider having @parkeralewis on the show to cover his "Gradually, Then Suddenly" book that's nearing release.
Go straight to the source: his series of essays over recent years under the same name is a primary driver for the broadening use of the phrase.
After today’s terrible by all accounts 30y @USTreasury auction, @Bloomberg now reports that Chinese bank ICBC had to conduct trades via USB stick carried by messenger due to cyberattack.
That’s your 3rd largest bank by market cap globally & presumed “risk free” asset, folks.
That Nov '21 auction saw dealers left holding 25.2% of the issue vs 24.7% today. Recent average ~14-15%.
Unlike 10y yesterday, lack of concession was not an excuse, 30y yields were near the highs on the day.
Many of us experienced a $1,000 #Bitcoin 6 years ago...
#BTC has since gone 36x (despite increasing exchange balances + rehypothecation).
$1,000,000 is only 27x from today (with exchange balances now falling).👀
GET READY... Coming years may be dramatic.🫡
#BTC
The weekly macro chart of #Bitcoin stell in stage 2 uptrend.
Simply pulling back right to the top of our resistance, now turned support zone.
As usual going into weekend, we could see thin liquidity and prop desks etc are off.
This is still a bull market = Green Dots 🟢
The problem with bitcoin.
I bull post often but I want you to be aware of the problems with decentralization
people have found a way around bitcoins rules to post pictures and memecoins on the blockchain
there are currently 300,000 pending transactions, fees are spiking to $12 and nodes are getting bloated
if someone found a way to upload pictures on PayPals financial system and it increased user fees and slowed their system they would update the code immediately to stop it
with a decentralized system like bitcoin, the entire network has to agree to change the code
Satoshi said data unrelated to bitcoin should not be stored on the blockchain because it make it inefficient. He said other chains should be used for this
seems pretty obvious, so why don’t people agree and update the code?
because people are motivated by personal greed. Miners enjoy the higher fees, salesmen sell alt coins under the name of bitcoin, and people gamble on them hoping to get rich
so what is the solution? I have no idea
I just want you to know that decentralization is not a perfect concept
in fact bitcoin was made as a product of complete centralization under Satoshi
he did not ask everyone’s opinion
similarly, El Salvador’s president saved the country by calling all the shots
so is a centralized bitcoin the solution? Absolutely not, the person in charge would most likely make more coins for themselves
just want you to know that centralization sometimes has its benefits over decentralization and vice versa
#Ethereum's recent surge above $2,000 is catching attention as dormant whales come to life.
The market is buzzing with mixed signals, bullish rise or bearish turn?
#Ethereum#CryptoMarket
#BTC Dominance:
📊 BTC Dominance Basics: BTC dominance measures Bitcoin's market cap as a % of the entire crypto market. It's like Bitcoin's share of the pie in the world of digital currencies. #BTC#CryptoMarket
#Crypto#cryptocurrencies#cryptocurrency#cryptomarket#cryptotrading#CryptoTwitter $DORK #GodHatesNFTees#ApeHaterClub#DVDA You see this pump? This was caused by us, because @srpeters told us to buy what ever you could in that space and hold it. If you bought more and held it longer, you would be able to sell it for more. This is a very simple concept that you idiots don’t seem to be able to get in your cuck heads. WE (the community) make this happen, no one else. Remember that. Buy $DORK.