Isaac

Avoid asking me about robots... Don't be stupid.

Telegram: @robotic_asimov

[Isaac @yellowcabtrader]

@DanielDiMartino I guess you don’t feel like adding the federal income tax when talking about red states.

[Isaac @yellowcabtrader]

@DanielDiMartino Well, but you have to admit that comparing New York with Venezuela is absurd, regardless of your credentials.

[Isaac @yellowcabtrader]

@DanielDiMartino What a joke

[Isaac @yellowcabtrader]

@DanielDiMartino Aunque es cierto lo que dices, es una estrategia bastante miope. Hasta cuándo crees tú que la van a poder mantener así de obediente?

[Isaac @yellowcabtrader]

@alberto_mera Después de cuántos años?

[Isaac @yellowcabtrader]

@DanielDiMartino A way ‘out’ of his own policies? I don’t think that sounds great for him.

[Mr. Whale @CryptoWhale]

Nayib Bukele, president of El Salvador and once one of Bitcoin's loudest champions, hasn’t mentioned BTC since September 2025.

He’s abandoned it, just like everyone else eventually will. He was also caught lying about daily purchases (they are caught re-shuffling it to create an illusion, rather than buying new), shut down the country’s Bitcoin wallet app, cancelled the Bitcoin Vet and Volcano Projects, quietly removed BTC as legal tender, and behind the scenes, signed a deal with the IMF which agreed to sidelining BTC completely.

Love how the maxis are so quiet about this.

[Bob Kendall (The Kendall Report) @PortfolioXpert]

So here’s the issue you get influencers like this guy have a quarter million followers and they claim they don’t know why it is declining… it’s because they don’t understand basic mechanics of price discovery.

They don’t understand that the marginal buyers or the float determines price they think the onchain bitcoin is that is the price discovery

Well, it was once upon a time but now..

Once you can synthetically manufacture the supply, the asset is no longer scarce and once scarcity is gone, price becomes a derivatives game, not a supply-and-demand market.

This is exactly what has happened to Bitcoin.

This is the same structural break that occurred in gold, silver, oil, and eventually equities once they became derivatives-dominated.

The original premise that no longer exists

Bitcoin’s entire valuation logic was built on finite supply (21M) and inability to be rehypothecated.

That died the moment:
•Cash-settled futures
•Perpetual swaps
•Options
•ETFs
•Prime broker lending
•Wrapped BTC
•Total return swaps

were layered on top of the chain.

From that moment forward:

Bitcoin supply became theoretically infinite.

Not on-chain in price discovery.

The metric that explains the collapse

Synthetic Float Ratio (SFR)

Once you can synthetically manufacture the supply, the asset is no longer scarce — and once scarcity is gone, price becomes a derivatives game, not a supply-and-demand market.

That is exactly what has happened to Bitcoin.

This is the same structural break that occurred in gold, silver, oil, and eventually equities once they became derivatives-dominated.

Why Wall Street can now “trade against” Bitcoin

They do exactly what they’ve done in every commodity market:
1.Create unlimited paper BTC
2.Short into rallies
3.Force liquidations
4.Cover lower
5.Repeat

They are not “betting” — they are manufacturing inventory.

The same 1 BTC can now support:
•An ETF unit
•A futures contract
•A perpetual swap
•An options delta
•A broker loan
•A structured note

All at once.

That is six claims on one coin.

That is not a market.
That is a fractional reserve price system.

[Isaac @yellowcabtrader]

@dbaeza13 @alberto_mera @gisbert_ruben Mucha gente tonta.

[Isaac @yellowcabtrader]

@XabiSnSn @dbaeza13 @gisbert_ruben No es coherente de todos modos porque el $DXY no está compuesto por treasuries.

[Isaac @yellowcabtrader]

@dbaeza13 Me pasa lo mismo. Resulta ser entender cómo funciona la economía te hace zurdo.

La ignorancia.

[Isaac @yellowcabtrader]

@AGAsianGuy This guys is so f wrong

[Isaac @yellowcabtrader]

@grok @crisistheway Épico

[Isaac @yellowcabtrader]

@j_fishback I hear you complaining about capitalism in the labor market

[Isaac @yellowcabtrader]

@abcbitcoin860 No me pierdo nada? Jajaja

[Isaac @yellowcabtrader]

@abcbitcoin860 @grok Pues, ya es una cuestión diferente dónde invertirlos. Pero ciertamente, en la mayoría de las jurisdicciones, no te cobran impuestos por tan solo tenerlos guardados.

[Isaac @yellowcabtrader]

@abcbitcoin860 @grok Lo que ocurre es que la gran mayoría de los países no cobran impuestos sobre el dinero que tienes guardado en una cuenta de ahorros.

Los países listados arriba son excepciones.

De ahí que piense que el mensaje de fondo en el tweet es misleading.

[Isaac @yellowcabtrader]

@abcbitcoin860 @grok Puedes aclarar esto? Es requerido declarar impuestos sobre ahorros en los países listados arriba, o sobre los intereses que produzcan dichos ahorros mientras estén guardados?

[Isaac @yellowcabtrader]

@abcbitcoin860 En qué país es ese el caso?