We Recommend Brewkessel

"Real wages have increased in lowest quintile". How many jobs are they working ((many had to work extra jobs) and how much of those are government jobs?

You can always tell a Leftist when start dropping F-bombs before words as a form of emphasis. Dude has TDS something hard

He is of the group that still believes in "classical liberalism" where it's arguably classical liberalism that got us to this point.

Oops, meant to boost more

Pretty good song

Song boost! Props to V4V artists being better than most fiat slop on the radio these days, even when I don't particularly like the genre

I was already running Knots and Datum for my miners for true solo/lottery mining. After the last two weeks following the debate on Twitter and podcast I just can't see any good, consistent reason for maxing OP_RETURN size AND nuking configuration options. It's clear they want to homogenize all mempools which makes mining centralization even more of a problem. Need to get back to original vision of nodes being in control and nodes/miners being more coterminous.

Song boost

Bitcoin adjacent products are mainly there for institutions that can't hold Bitcoin directly or for tax "advantaged" 401ks/IRAs held by us wage-slaves. When I'm getting %6 match from my employer you better believe I'm putting all that towards Bitcoin ETFs or MSTR. So long as the fiat gains track with Bitcoin AND the system doesn't blow up, there's a good path to one day cash that out and convert into Bitcoin, then live off it by using BTC-backed loan products, inflating away the fiat debt so long as BTC CAGR outpaces the interest. Of course, all other take-home pay goes directly into BTC. These products have their niche, and I think that's what Saylor and Mallers are tapping into

Thanks for all your work, guys. I don't always agree with you but appreciate you regardless. I'm trying to add to the free, private, decentralized apps space based on p2p protocols and design using the Pear stack. So far I have a family/group calendar, family/location sharing and screen time apps. Please check out what I've got so far at https://peerloomllc.com or check out @npub16u9hy2m8w… on NOSTR.

Helene relief boost

Boost my boy Ansel. Most underrated Bitcoin/macro analyst in the space, imo

Unfortunately, I'm in one of the few states Salt Lending doesn't service yet (Alabama), but I am able to use LEDN. They have higher rates, but it's still a very cool unlock to live off Bitcoin without selling, assuming BTC CAGR is consistently higher than the rate. Just roll over the loan after 12 months and reclaim some of the BTC. Very nice

Great signal and analysis here. Consider me subbed

For the love of all that is holy, please read the actual BIP. Lightning would not be affected. So much of the outcry I've heard against the BIP is either not true or has nothing to do with the technicals (I.e. philosophical/ideological) Start with www.bip110.org for the high level FAQ. It took me 10 seconds to look this up. I could be wrong on this, but I haven't seen any technical debates happening (i.e. "the BIP says it won't affect lightning channels becaue of X but actually it will because of Y...")

Pear Drive is worth it! Don't give up!

As much like the idea of Lava products I've seen some investigation posts from Cory Klippsten and Samson Mow showing from Lava's own terms how the risk is being put all on the borrower. Stuff about "the borrower agrees that these are business loans only" buried in the terms and their rates are so much lower compared to other larger, more experienced lenders that something seems off. Something seems off. Also suggest listening to Guy Swann's recent roundtable episode discussion on Core/Knots and BIP-444. The social layer to the whole debate is being lost, I think. The technical arguments are just a distraction, imo.

Agreed. I've felt bad vibes coming from Core camp since the very beginning of the debate before I really understood the issue. Glad we clearly agree on this 😁

Leelu Dallas multipass

Song boost

Paul is arguing that Lightning doesn't work because it doesn't scale to 8 billion? Has anyone claimed it would? Does any monetary system we have scale to the whole world? Appeals to authority, admitting he hasn't used it in recent years, clearly has an axe to grind about a different solution (drive chains). Seeing more and more "OGs" who are disappointing. Slay your heroes, fam.

Love your takes on macro, but Mara is a bad actor in the space. They mine something like 99% of the non-financial transactions (i.e. spam) and contribute to the problem of mining and pool centralization. I'm guessing it's small chance that'll change for you, so I'm conflicted. Regardless, I appreciate your insights.

Knots is not maintained by "just one guy". This is a misunderstanding. Please have Bitcoin Mechanic/Grassfed Bitcoin on to get the other side on this. The real issue is mining pool centralization, which is what Stratum v2 was trying to solve, but now Datun has basically solved, and you run that along with Knots. Fix the mining pool issue and you the "spammers will be incentiized to go directly to miners" argument becomes moot.

Shinobi is like Bitcoin's version of Reddit atheists and lolbertarians doing a "well akshually". The fact that he admitted he can't steelman the opposition tells me everything I need to know. Doing that is histrionic moralphagging, "It's so absurd I can't even...they must be crazy!"

Danny is crushing it, audio be damned

Do you also have to post at least 2x collateral for loans on SALT lending? Do they do margin calls at 70% LTV and liquidation at 80% like LEDN?

Song boost. Pretty catchy tune

Trust the plan

Been passively stacking with Fold+ for a couple years now, about 13mm sats. I spend over 10k/month to get ACH rewards of about 1% back on my mortgage and a few other bills. Recently got a Venmo CC to get greater % rewards on bills and groceries (1-3%) and then they auto buy BTC at statement period end. I am planning to go all in with the Fold CC once it's released, though.

Song boost

Wealth preservation through limited supply, decentralization, game theory, etc are the innovation. Bitcoin doesn't need shiny new tech features. Protocol vs software. I don't think he gets it.

Saying all the things I've been thinking after listening to multiple podcasts with Whitney and Mark making their rounds after publishing their new article. Glad I'm not the only one

Happy https://wavlake.com/track/881813a0-ec19-4a78-9a17-0ee62b14c… @nevent1qvzqqqp…

Upbeat https://wavlake.com/track/6c539f9b-5cdd-43c0-a57d-d8d53e0ab… @nevent1qvzqqqp…

Decent vibes https://wavlake.com/track/dd52e372-d3ea-466e-a748-0278c8a03… @nevent1qvzqqqp…