Nope. You're conflating the different policy work that is going on in US.

Stable coins can expand US dollar influence to the digital economy while creating demand for US treasuries. This is a net good for US government and USD and net bad (short) for everyone else's fiat currency.

Bitcoin is the only digital asset worth holding in a reserve because there is no counterparty. Ethereum, Solana, XRP can centrally alter their release schedule. If any is purchased for a government reserve, it will still trend to zero l because the central issues will alter dynamics to benefit themselves.

So is smoking but standing a push?

Meme coins are free money for popular figures. It could cause a sell off on his meme stock. He may have over monetized his meme capabilities. We are also not going like what happens with Ripple.

Bitcoin is the only sound money and it will continue to win on its merits. Enjoy the increased buying power stackers.

I hope rational conversation will return to California politics. The identity politics of the last two decades have led to greater and greater state intervention where it isn't needed and a clear mismanagement of public resources.

The DOJ better be paying capital gains tax on that coin.

Bitcoin will be the dominant story of the next 10 years of the market. MSTR alone may see to that through the invention of financial instruments that allow bitcoin to access credit markets without banks even holding bitcoin on their balance sheet. I highly recommend folks check out Nik Bhatia's recent video and TFTC appearance where he digs into the mechanics.

Minibits is a Cashu based custodial wallet I use for Stacker News.

Happy New Year Stackers

Keep your friends close and your sats closer

Nic is looking at it from the wrong framework. The SBR, is an admission that we plan to continue to run large deficits in the future, but we would like to devalue that debt away. As a hedge against other nations eventually waking up and revolting against that plan, we are securing Bitcoin as a strategic digital asset at today's market value. Just like we have with petroleum and strategic minerals.

Or use long-dated option spreads on 2x bitcoin ETFs. Please note this approach has serious Tradfi counterparty risk.

If demand for MSTR convertible bonds continues to be super high, can MSTR drive the price to 200k as they continue their speculative attack on fiat currency?

TLDR: 💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰

Let's go Niners 💪.

A driver t-boned a kid on a scooter in a cross walk near my house. The driver was blinded by glare from a dirty windshield. 🥺

Wash your windows stackers 🫡.

Good for him. Now put solar mining bitcoin nodes in space.

@k00b the plebs need merch! When Stacker store?

I heard some arguments that a weak dollar will be good for rebuilding the American middle class.

Wild day on nostr with Fran Finney making her first nostr post.

Oh shit. Minibits has worked for me, though, I don't keep many sats as nuts. I like NWC wallet integration on Minibits.

Anyone think the Cowboys will pull off the upset over the Bengals tonight?

The largest capital sources in the world will adopt bitcoin in this pattern: Store of Value -> Unit of Account -> Medium of Exchange

Many early adopters ran the reverse pattern.