43 Comments

Your friendly neighborhood bank regulator here: I asked the CEO of a $500 million bank last week if he had any plans to develop policies or product offerings for allowing customers to have the bank custody bitcoin (basically bitcoin 101 for a community bank). His response was angry tulip mumbling.

I had to stop myself from telling him that MSTR's unrealized gains alone are 4x his bank's total assets. We early, jungle.

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Seems unlikely anyone starting in last couple years will catch up with 2012-2013 HODLers. If starting today seems like you could catch up with 2018-2019 bear market ppl pretty quickly. ASSUMES YOU'VE BUILT A DECENT STACK OF MAJOR PROTOCOLS + GOOD CASH FLOW.

So many opps for insane returns. Last summer was defi summer (100x) on top projects. This summer, jpeg summer - same thing.

DeFi fall should be decent. Arbitrum + derivatives. Won't 100X (I don't think?!?)

What comes after that? Idk - gaming, maybe?

Point is if you build a decent stack of major protocols and then willing to be a degen. Some will go to 0. Others will 30X in Y months.

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I sold a physical good for cash the other day. It felt weird to accept worthless paper in exchange, as if we were playing monopoly. Once you see the rug, you can't unsee it.

What's funny is that at $24tn, asuming 50% of it is BTC, its mkt cap is roughly the same as gold's which is not an irrational level.

pets.com (2001) = dogecoin (202X) ? = simulation confirmed

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This is the best BTB content. Showing the maths on how to make it... or in the last 2 Monday. posts That WAGMI

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I'd really recommend everyone reads The Sovereign Individual and The Bitcoin Standard (in addition to Ready Player One like BTB mentioned) if you want to understand where this is all going.

Also:

LMAO at "Maths".

I still can't get over the fact that you aren't American with your personality.

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Current US National Debt ( $28.7 T) surpassing 2001 Global Money supply ~$27T. Clown 🤡 World 🌎

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Calculating that SP is -6% in the past 20 years was purely genius nice

Lol at roasting hard Fidelity

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Unofficially, when would you say BTC hits 100k if you had to bet?

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I understand that the extra money supply destined for investments has to go someplace, but why wouldn't it be split between crypto and stocks?

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I wondered why you used SP500 instead of SP500 total return index, so I checked the numbers. Still pathetic returns for the last 20 years. I’m glad to be corrected if I did it wrong, but I came up with 36% using the total return index. Woohoo for dividends. NGMI

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It's funny that you didn't mention crypto in the investment strategy

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I'm going to share this wide and far, really clear write-up!

Hopefully, I can take some people from NGMI territory into Might Make It

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Great visualizations team. Thank you.

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My friend is convinced that regulation is coming to crypto and in a way that benefits big banks (as they can get politicians do whatever they want). He is afraid it would drop tremendously in value when that happens. Is there any counter to this? Just that they are too inept to regulate it?

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Great Post Boys

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Do you think we'll ever be passing bouncers crypto i.e. lowkey pass a bouncer a 100TT equivalent on the fly without anyone noticing

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