Nirvana

pursuit of excellence

[Wood @notanicecat69]

Become comfortable with not buying coins that don’t make sense to you even if they are running

[Nirvana @nirvana_gm]

@tulipking @johnnyutah Are you saying he won’t be able to raise additional cash in the next 8 months, when he was able to raise $2 billion just this week?

[Nirvana @nirvana_gm]

@tulipking @johnnyutah They now have 17 months of usd dividend coverage which is pretty bullish (from the less than 6 months). They announced the option to sell btc but probably won’t need to.

[Nirvana @nirvana_gm]

@tulipking @AvgJoesCrypto He owns >51% of the shares/vote

[Nirvana @nirvana_gm]

@chumbawamba22 from QQQ to QQQQQQQQQ. got it.

[Nirvana @nirvana_gm]

This doesn't matter long-term - better alternatives exist. A BTC pump over the next decade creates a massive tailwind for decentralized, private stores of value, which is the real endgame anyway as retail hunts for the next BTC.

$ZEC

[Guy @Credib1eGuy]

I get we want number go up

But do we not want a genuinely decentralized store of wealth?

Creating a death spiral mechanic doesn’t inspire confidence long term

[Nirvana @nirvana_gm]

I will try:

Neither side trusts the other, but both see benefits in a two-week ceasefire that would allow them to import and export goods through the Strait. They'll use the time to regroup and restock before resuming the fight two weeks later (unless a certain country sabotages things by deliberately breaking the ceasefire)

[fejau @fejau_inc]

Always remember that you can just do things and you can create any version of yourself that you want and it’s not constrained or predetermined

Have a good weekend ❤️

[Flood @ThinkingUSD]

Everything you do has to be rockstar shit

[Yuchen Jin @Yuchenj_UW]

Man suffers only because he takes seriously what the gods made for fun.

[Nirvana @nirvana_gm]

@countdraghula why is regulatory approval needed for Fed to reduce its own holdings though?

[Nirvana @nirvana_gm]

@nftimm @goatdsalmon You are looking at round stats, I am looking at actual mint vs burn. That one negative day was for when the buyback wallet glitched and resumed.

I would love for this not to be the case, but the trend has been inflationary for the vast majority of days.

[Nirvana @nirvana_gm]

Q for $ORE brains: why doesn’t long-run price just converge to ‘production cost + protocol rev’? What’s the actual SoV premium thesis on top of that? Why don’t miners / short-term users eventually arb away all excess?

Is it the limited supply argument of 5 million total coins? Or staking yield maybe, but that's reflexive to the downside too?

@OREsupply @HardhatChad @goatdsalmon

[Nirvana @nirvana_gm]

@mert The main issue is that zcash cannibalizes BTC's value prop long term. If you can have (optionally) private Bitcoin, why would you want to hold Bitcoin? one chair.

[milian @milianstx]

@0xJulo Narrative-Market Fit

[Cobie @cobie]

not sure if btc continues to provide diminishing returns but it is certainly possible (i choose to believe it wont for now)

but alts (on average) will continue to get more difficult and dangerous to trade imo, irreversible trend.

(1) massive competition amongst increasingly sophisticated buyers (who simultaneously believe less)
(2) primarily traded on perps/with leverage.
(3) huge dilution in coins with mkt valuing stuff high by default without justification
(4) launch FDVs always capturing 100% of optimism for the asset without respecting price/valuarion
(5) too much pre-market price discovery for (4) to be safe

the average 2017 buyer buys spot and hodls weeks/months cos they believe, add on the way up, asset was trading at low val early so works out.

average 2025 buyer is buying on perps without checking the valuation and sells whenever their PNL goes red or force sells in liquidation.

however, it will remain the best place for returns for smart ppl. skill expression and asset selection is much more important. patience much more highly rewarded over being "early" on liquid markets last few years.

and then outlier assets will continue to exist, maybe 1 every couple of years, and when they turn up you can turn brain off and 2017 it.

imo anyways (hopefully)

[Nirvana @nirvana_gm]

@tbr90 But wouldn’t this require Fed to abandon their dual mandate?

[Zaheer @zaheerebtikar]

There’s two ways to operate in this space:

1) Be faster or first
2) Underwrite investments better than others

Today displayed both of these paths as valuable ways forward in crypto.

Jummah Mubarak // Happy Friday

[Sonder (🔥, 🔥) @sonder_crypto]

The mental game is the only game.