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Howdy there, partner! Welcome on into the Stacker Saloon.

Saddle on up to a stool and spill the beans about your day, fire away with them questions, or let loose and give us the lowdown on your wild and woolly life. We're all ears, so don't hold back!

We're open round the clock, so mosey on in whenever you please!

The word “conversation” was derived from the Latin “conversare,” which means an exchange of ideas and sentiments. Incidentally, the meaning of the Spanish word “con” is “with”.

What important conversations are you having today?

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A poker hand:

.25/.5 in club GG. QThh in CO 180bb eff.

hero open to 2.5bb, fold to BB who 3b to 9bb. hero call

flop (18bb) Js Qd 3d. villain bets 10bb. hero call.

turn (38bb) 9s check check

river 9c check check

hero wins showdown against AKdd

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view on x.com

ETFs are buying... Institutions are buying... Who the hell is selling?

2024 brought a mass of commentators looking at ETFs flows, as if that's all that matters. What matters is total demand and supply. Here's a 101 thread on how the modern #Bitcoin market works.

First, let me tell you who is selling. The OGs. They are selling They have more BTC than all the ETFs put together... 10x more. And they sell into every bull market.

We are now in the modern age of BTC. Paper BTC has flooded the market since 2017. Futures markets. If you want to buy BTC, it used to be you had to buy real BTC. You can now buy paper BTC. Thus a no-coiner can sell you that paper. Together you have made a synthetic BTC.

That would-be demand for BTC gets diverted to paper BTC, fulfilled by counter traders who have no BTC to sell, they just have USD to back their bet. In the old days, BTC would go on an exponential run because the only sellers was a trickle from the OGs and an even smaller amount from miners with their newly mined coins. Today the magic of paper BTC is what you want to watch.

The 2022 bear market was dictated by a flood of paper BTC when spot holders didn't really sell. In this current bull, I have marked where paper increased, these were times when price didn't rally. We are in one of these right now.

So... not a great idea to look solely at ETF buying. On-chain data... derivatives data... technical price action... All of these add to the demand and supply picture. Putting it together is an art, not a quantifiable science. Everyone is just making educated guesses.

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Any cool fitness communities in the bitcoin world? I'm doing a marathon in hawaii this december. Would be cool to have a bitcoiner running bro/gal.

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What's new regarding the future construction of Bitcoin City in El Salvador?🤔

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Day 143 of the #100aDayTil100k challenge, sets breakdown: 4x32 normal/narrow; Total: 128 (Day 247 of 100+ pushups per day in total; day 146 of 120+ pushups per day)

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I got really obsessed with Japanese wood pencils last night and stayed up until 2am researching pencils and pencil accessories.

I went on a wood pencil bender in college too, trying to find the right pencil for me, but there wasn't nearly the same level of variety.

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did you make purchase?

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drop links

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I’m going to give some tombow 8900’s a shot. I got both HB and B, not knowing how dark they actually are. I’m not sure I’ll fare well without an eraser tip but we’ll see.

I also got a kum sharpener even though my color pencil sharpener from college is already really good.

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a what sharpener????

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It’s German for jizz

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Dune Quote of the Day

Is your religion real when it costs you nothing and carries no risk? Is your religion real when you fatten upon it? Is your religion real when you commit atrocities in its name? Whence comes your downward degeneration from the original revelation? Paul Atreides
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Something I have learned recently: if you subtract all the noise, there are really not many things worth paying attention to.

The hard part is how to trace out the sources or at least getting closer.

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I guess that's our challenge in modern society: filter out what really matters. But I think, with each good source we find, we get better at recognizing other good things later.

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with each good source we find, we get better at recognizing other good things later.

Yes, a good source leads you to other good sources:)

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Hello! I have a question, are you also paying 11 sats for each comment that has a photo? It's been happening to me since yesterday. If I put 2 photos then there are 21 sats and so on and in the posts too, the more photos the more sats. It is the first time that it happens to me. Did they change anything in SN?

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IIRC when @ek added the support to upload an image to SN, you do get charged for it. Can you confirm, ek?

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50MB are free per 24 hours, after that it's 10 sats per image until 75MB, then 100 sats until 100MB, then 1k sats.

@bief57, looks like you hit the 50MB limit with this post and other pictures in the last 24 hours.

We set the limit to 50MB in February since that looked reasonable but we can probably increase it.

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Nice, thank you for this detailed explanation!

Is the 24 hour window rolling? Is this fee rate documented anywhere?

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Yes, it's a rolling window.

Is this fee rate documented anywhere?

Mhh, not really 👀 I can add it to the FAQ.

That's news to me

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I received this error message:

failed to zap 21 sats: Invalid prisma.$queryRawUnsafe() invocation: Timed out fetching a new connection from the connection pool. More info: http://pris.ly/d/connection-pool (Current connection pool timeout: 10, connection limit: 2)

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Should have been a temporary issue

A 5 soles bill from 1877 (Peru) https://m.stacker.news/35749

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Good morning stackers.

Day 141 of 100 push ups till $100k completed.

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Two day trip with just the wife in Minneapolis. Super rainy but we’ll find some fun stuff!

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https://m.stacker.news/35733

And Buy Bitcoin 💪🤠⚡

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Am I supposed to care about Juneteenth?

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You don't have to, but you are welcome. We've celebrated without others for over a century. Black people want the freedom to do our thing. But whatever we do, it seems the larger culture likes to absorb, appropriate, and exploit. So do feel ok about not caring. You are welcome to join celebrations or just enjoy a paid day off. I'll ask you to not shit on it, though. If that is your intent. But he'll it's a free country. You can do that, too!

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Nah never had the intent to shit on anything. It’s just a legitimate question. Growing up I never celebrated it or even knew it was a thing. Now it’s an official holiday I’m asking should I go to these events that my local area is putting on

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If you like cultural festivals with food, music, art, and history, go.

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It may have been elevated to federal holiday status as a woke virtue signal, but if people look up what it actually is, it's hard to argue that it isn't commemorating something important.

What are the staples of traditional Juneteenth celebrations?

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It started in Texas, so BBQ, music, dancing. Red things, including decorations, food and drink (honors the blood of the ancestors), so red drink (sodas, etc.) red velvet cake and watermelon. There is a historical component where there the telling of family freedom history and stories.

Many communities now have festivals. Find one and enjoy! The one in Oakland, CA is huge and has gone on for decades as lots of Texans migrated there.

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Thanks. BBQ's never a hard sell for me. Between Fathers Day and Juneteenth, this is quite a BBQ week!

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Man, I smoke turkeys for Thanksgiving and Christmas, so you know I BBQ all summer!

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Good morning fellow stackers, hope the weekend was enjoyed and relaxed, a new week has begun, so, set your strategies for the weekly goals, getting things done mood all set as well and let's do this gang, may your week be fruitful, successful and full of love, it's important to get the first day amped otherwise it will take a tad more to get things in motion. We've got this my friend, thank you for being and thank you for existing. You're absolutely amazing and what you do matters, let's get out there and show the week who's boss, as always, be well and stay frosty!!!

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Which Team Do You Think Will Win UEFA Euro 2024 ? #576533 | 3000 sats bountySubmit your bet until tuesday June 18

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Day 182 of posting mining earnings from the day before: 868 sats on 16Jun2024! Running total: 105,829 sats!

Yesterday's comment

What's the point of freedom if you don't have the freedom to make mistakes? 🤔

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The point of freedom is to be responsable for our mistakes.

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Exactly

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Day six of unemployment. Mind you, took the weekend to do weekend stuff (especially on Father's Day), so only day four of doing something about it. My separation agreement keeps our LinkedInLearning access open for another week, so going to see about any useful courses I can get certificates from (as well as continuing to pound the virtual pavement).

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useful courses I can get certificates from

Good luck. My employer paid for Linkedin Learning and I couldn't find any good courses in my field.

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Thanks! There are some decent cybersecurity ones that I'm looking into.

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232 sats \ 1 reply \ @Lux 17 Jun 2024

previous

BarratryBarratry

The word barratry was first used within Admiralty law and means “misconduct by crew of a ship resulting in its damage”. However, within Common Law it means “litigation for the purpose of harassment or profit”.

If an employee working for a corporation should initiate litigation against you, without a contract, then they have committed barratry, and if said corporation is “for-profit” then the employee has done so for financial gain.

Until the year 1888 barratry was a capital offence, and, although it is still punishable by imprisonment today, fines are usually paid.

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next #578122

Contract lawContract law

part of: #586916

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GM! Day 39 of my 10000 daily steps challenge. Yesterday I was not able to complete it, though back to the road again early this morning.

https://m.stacker.news/35699

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Day 46 of posting till next Bitcoin halving

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Taking a break from work. Have a sweet time stackers 😊 https://m.stacker.news/35697

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Enjoy your break!

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Day 429 of snailposting everyday 'til BTC hits $100k.

__@_'-'

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I haven't posted snails in a while.. I missed it!

Slowly but surely towards bitcoin!

https://m.stacker.news/35715

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It’s hard to imagine since I’m so prolific here, but I was anxious before I posted my blog article on my country’s famous personal finance FB page called Seedly. I was afraid of being judged. But I put aside my ego and posted the link anyway.

https://m.stacker.news/35696

These two Likes made me feel good as a writer ✍️

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deleted by author

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Thanks! I copied down the phrase, knowing that you have a habit of deleting your comments haha

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Monday snail check?

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Snail went to job coz its Monday 🐌

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I got my copy of "Resistance Money" over the weekend. I hope to start reading it soon when I get some time:

https://www.resistance.money/

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The PLAN is to MOVE. Move up, move down, move right, move left, move out, move in. But always move smarter. https://m.stacker.news/35693

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But what if you move in the wrong direction?

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That's out of plan and stupid hihi

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Too hot. I'm never happy with the temperature.

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Same here, 35 degrees Celsius today.

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Yes here too.. This scorching sun gonna melt us 😆

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too rainy

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I wouldn't mind a little rain. Of course, then I would complain about the rain.

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A hat helps with the rain :P

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Day 2 of my daily posting journey, after my cowboy hat was blown off by the windstorm that blew in from the west.

previously: #576288 🤠⚡


https://m.stacker.news/35688

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All pics are awesome but the last one is very creative. It seems the eyes are looking at you

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it's placed specially in a dark room, really intense looking.

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I could be wrong, but it seems art is a continuation of each civilization. They might be coming to an end, but the art is still going on, being improved by later generations, e.g., I can clearly see that some patterns are passed down from here, but here probably not the sources too.

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Art is the highest manifestation of a culture.

and then each culture is interconnected, I can't tell you how much so-called Turkish art is "learned" from others 😂 but indeed it got maintained and evolved here.

Maybe Bitcoin is higher art..

👀 the signal within all the noise, self purifying?

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indeed, music to @DarthCoin's ear.

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I have lost mine today after 33 days. Just a bad day yesterday.

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How do you feel about it? I guess the correct response would be oh well, no big deal. I think the longer you have been on SN, and the greater your commitment, the more this stuff matters.

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No problems, I understand that I was disconnected yesterday. It’s impossible to be online everyday.

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You are emotionally healthy, unlike some of us😀

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Yeah, just ok. By the way , just founded again the hat!! 🤣

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Cowboy hat = how much you are active on SN.. Just that.

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But the hat only shows you the tip of the iceberg, like the news - do you think that's all happening? 👀

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@elvismercury was talking about the stress of maintaining or losing his hat recently. Collectivly we give it meaning, though it's sort of meaningless.

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Are we starting a revolution?

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Did you hide your hat?

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What hat? Seriously, I hide everything right now. I'm talking about how meaningless a hat is, but I still value it. I'm trying to convince myself. Maybe valueless is going too far. It does recognize a certain commitment to SN, I guess.

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I'm not saying that you have a hat, or that you've had one longer than anyone else, but if you did have a hat, would you be able to see it while hiding it from others?

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To each their own. The hat signifies your own journey.

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Yes. Really what I have been thinking about is, I guess depending on your personality, these types of things can gain importance which is illogical, disproportionate, and maybe unhealthy. I'm suspectible to this😀

hahah, since last year? a silent revolution 😂

be the change! and ppl should't feel bad about losing an imaginary hat.

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I don't understand why the hat should force someone to come here. Is it so important?

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I mentioned yesterday that it reminds me of a corporate job where there is some kind of fake status or award that provides no tangible benefit but everyone wants. It's given meaning by the culture.

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It's a good analogy. The hat only costs a few minutes a day and 100 sats. 🤠

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and an unpeaceful mind when you find out you forgot to maintain it or lost it.

but anyways, maybe I should STFU, ppl are free to choose whatever game they want to play.

I noticed that many corporate ppl do love those fancy awards so that they can brag about it and post on socials hahha 😂

maybe that's why I happily dropped out of that corporate ladder

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Me too. I was done with that early on.

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