“War... Huh… What is it good for? Absolutely nothing, say it again !“ Good Morning Everyone, German electricity prices are hitting fresh all time highs and at the same time Poland’s largest chemicals company has halted production of nitrogen fertilisers and reduced output of ammonia due to soaring gas prices. As we know you can print more fiat, but you can’t print more energy . The complacency that exists in respect to the energy crisis really is profound to witness and it’s hard not to see this...
Aug 24, 2022•5 min
“The panopticon is a type of institutional building and a system of control designed by the English philosopher and social theorist Jeremy Bentham in the 18th century. The concept of the design is to allow all prisoners of an institution to be observed by a single security guard, without the inmates being able to tell whether they are being watched. Although it is physically impossible for the single guard to observe all the inmates' cells at once, the fact that the inmates cannot know when they...
Aug 17, 2022•11 min
Good Morning Everyone, There was an incident last week in Lebanon that is worthy of further enquiry. I’ve spoken about it with many people offline, but hadn’t written about it at all and feel it’s important to do so. It’s important first of all to retrace our steps a little before we do, so we can maintain the thread through time, and obtain a clear recognition of the order of events leading to this most recent situation. Eight months ago i first wrote about the situation in Lebanon where the lo...
Aug 15, 2022•9 min
Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world. A Cypherpunk’s Manifesto - Eric Hughes - March 9, 1993 Good Morning Everyone, Freedom of the individual is currently under siege. The war on privacy has been escalating for decades, arguably centuries, and it...
Aug 14, 2022•9 min
Good Morning Everyone, The US senate has just passed a bill to fight inflation by creating a program to spend $430 Billion dollars on climate and health care initiatives named the Inflation Reduction Act . I linked to the summary document above which begins as follows: “The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030. The...
Aug 08, 2022•5 min
“Fool me once, shame on you. Fool me twice, shame on me.“ Good Morning Everyone, The concept of truth is far more complex than is generally acknowledged. There is a level of complexity in determining what is true which our monkey brains tend to find difficult. We are often hamstrung by cognitive biases and rush to join a tribe that validates our dogmatic beliefs and provides us with the illusion of safety and acceptance. Given the current nature of life for most, the perpetual acceleration of th...
Aug 05, 2022•4 min
Good Morning Everyone, As we have discussed many times, incentives are everything, and most people given the choice will follow the path of least resistance. This is culturally impressioned upon us from a young age, and perhaps we’re even biologically configured to do so. In listening to a conversation between Liv Boeree and Tim Ferris, Liv introduced me to the ficticious character named Moloch. Moloch according to the now highly questionable wikipedia is: “a name or a term which appears in the ...
Aug 01, 2022•4 min
Good Morning Everyone, The concept of trend is a critically important one. A trend is like an object in motion. When thinking in probabilities, a trend is much more likely to continue than it is to reverse. That’s not to say it can’t reverse, simply that it’s less likely. Whether you are starting a business, changing careers, playing poker or are a trader within financial markets, understanding the probabilities or the odds, is of supreme value, and in most cases you would prefer to get on the s...
Jul 29, 2022•5 min
Good Morning Everyone, The ability to solve problems that we face, is perhaps one of the most important capabilities we can posses. In many respects life is simply a series of problems or challenges. While some may associate the word problem as a negative, it’s perhaps better framed as a series of barriers reached that in order to progress to some next potential point, which we deem an improvement from our current position, or even just to maintain our current position, we must resolve some unde...
Jul 26, 2022•6 min
Good Morning Everyone, By now most will have seen the situation faced by farmers in the The Netherlands. The Dutch government of central planning lunatics took the WEF Olympics tyranny baton from Canadian Supreme Leader Trudeau in an effort to “ fix “ the so-called “climate” - like it’s something you get from Ikea. But this is only on the micro level. Given the significance of Dutch food production (2nd largest on earth) the implications of these actions are far more significant and impact the b...
Jul 25, 2022•4 min
Good Morning Everyone, Tesla announced yesterday they sold 75% of their bitcoin holdings to improve their cash position, while still holding 25% of the original position. However today’s letter is not about Tesla, and it’s not about Elon; It’s simply to highlight the use of such information by media and attention predators, who wish to tell vulnerable minds nursery rhymes like they’re still three years old to set the frame of their thinking. The simple truth is that bitcoin is the first globally...
Jul 22, 2022•6 min
Good Morning Everyone, I’ve been meaning to chat about Fedimint for a while, and after receiving an email from Ego Death Capital this morning about their investment toward Fedimint it has prompted me to finally do so. Why Fedimint? Despite non-stop attempts by the bitcoin community to help educate the wider community on the importance of self custody - “Not Your Keys, Not Your Coins“ - the unfortunate reality is that a dominant percentage of users relinquish custody of their keys to 3rd party ex...
Jul 20, 2022•5 min
Good Morning Everyone, Upon watching the original Matrix film from 1999 last night this quote from the end of the movie caught my attention. "I know you're out there. I can feel you now. I know that you're afraid. You're afraid of us. You're afraid of change. I don't know the future. I didn't come here to tell you how this is going to end - I came here to tell you how it's going to begin. I'm going to hang up this phone, and then i'm going to show these people what you don't want them to see. I'...
Jul 18, 2022•3 min
Good Morning Everyone, The concept of a walled garden is not a new one. They have been around for hundreds, if not thousands of years. A precious garden enclosed by high walls serves many purposes, including providing protection from animal or human intruders and also acts to create microclimates, which allows for things to grow and flourish inside the walls, that may not otherwise be able to, due to the temperate climate. It’s no secret that the concept of a walled garden is at the core of ever...
Jul 15, 2022•4 min
Good Morning Everyone, This tweet from Arthur Hayes caught my attention this morning. It reads: Arthur was one of the founders of Bitmex, and has worked in financial markets for a long time. He is extremely sharp, and the depth of his understanding of trading and markets is wild. His writings are one of the must-reads for me due to this depth of knowledge and experience, and communicates this in a straight-up and candid way, which i appreciate; and always makes for a great read! His tweet is ref...
Jul 12, 2022•5 min
“Everytime we witness an act that we feel to be unjust and do not act we become a party to injustice. Those who are repeatedly passive in the face of injustice soon find their character corroded into servility.“ — Jullian Assange, Conspiracy as Governance, 2006 Good Morning Everyone, A deep irony exists when we live In a world that has become so deeply polarised and politicised. So much so, an immutable, apolitical system of scarce information, of value, has been manifested into existence. As a ...
Jul 11, 2022•5 min
Good Morning Everyone, Imagine you’ve been living in a small dark room your entire life, and within this room it has been pitch black the whole time. You’ve been living in this room and all the while due to the nature of it, you’ve never seen a single thing. Almost as if there is no such thing as sight altogether, and the very concept of vision and your visual field where everything appears is a foreign and completely alien-like notion. Then one day, you stumble across a switch on the wall that ...
Jul 08, 2022•4 min
Good Morning Everyone, The term cryptocurrency, or crypto for short, is one that in a perfect world would never have existed. Not because it lacks relevance to the cryptographic nature of bitcoin, but because it has been hijacked by a class of grifters who seek only to enrich themselves regardless of who has to lose to enable it. A class of people intent on playing short-term zero-sum games, instead of long-term positive-sum games. Previous musings on the distinction between bitcoin and “crypto”...
Jul 07, 2022•5 min
Good Morning Everyone, The political climate is once again hitting a critical point in various regions of the world right now as the parasitic central planners assert their insane ideology on farmers in The Netherlands. An ideology that a small group of pseudo-elites can control every thing and every one. Completely disregarding the incomputable complexity that exists in the world. The dutch political class have taken center stage as they move to halve nitrogen output by 2030 in alignment with t...
Jul 05, 2022•5 min
Good Morning Everyone, Jullian Assange is best known to most as the founder of Wikileaks - a not-for-profit publishing entity focussed toward releasing large datasets of censored or otherwise restricted official materials . He remains a political prisoner in the UK and has been used by governments, primarily the US government and all others who bend the knee to them, as an example to deter others from exposing the truth and who dare dissent about these corrupt unelected cartels. He is also an OG...
Jul 04, 2022•7 min
Good Morning Everyone, Over the last few days I’ve been playing around with a podcasting 2.0 app called fountain . The app has a slick and familiar UI, and offers a custodial lightning wallet built into the app. While this is suboptimal ultimately, in order to onboard people initially and get people playing with the app it is likely the right move in the short term. For a fully noncustodial solution i recommend checking out BREEZ. Having an alternative business model to that of the advertising m...
Jun 24, 2022•3 min
Good Morning Everyone, The US continues its decent into the depths of clown world™️, dragging most other developed nations with it. At a time when any sane human would think the rhetoric would have reached peak absurdity, things seemingly continue to become more insane. Old mate sleepy Joe has been asking gas companies to reduce their prices as the pain from decades of irresponsible monetary policy and naive interventionism hits a critical point seeing record high fuel prices across the country ...
Jun 23, 2022•4 min
Good Morning Everyone, “Fiat money is a type of currency that is not backed by any commodity such as gold or silver, and typically declared by a decree from the government to be legal tender. Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally established by government regulation.” - Wikipedia The majority of people still do not understand why bitcoin is so important. Most people do not realise what is actually happe...
Jun 21, 2022•4 min
Good Morning Everyone, The macro environment has clearly changed over the last 8 months. We’re in the middle of a global energy crisis. The trend of globalisation appears to have come to an end, and de-globalisation looks to be underway. Inflation is at 40 year highs in the US, and there are many indicators suggesting things within the TradFi system are breaking. The fed is posturing like they are going to raise rates until they win the battle against inflation. The costs of living have skyrocke...
Jun 20, 2022•4 min
Good Morning Everyone, While in the US the fed has hiked rates by a further 75bps, in Australia the beginning of the energy crisis seems to have begun with the government regulator suspending the energy market nationally. Channel 9, one of the major legacy propaganda outlets in Australia issued a warning urging NSW residents to reduce their electricity consumption immediately to avoid a blackout last night. Only a few days prior this same regulator enforced pricing controls in the state of Queen...
Jun 16, 2022•2 min
Good Morning Everyone, Feelings and emotions are fascinating phenomena, but how we interpret them is perhaps even more so. What is a feeling? Where do they come from? Where do you experience them from? Some would consider these extremely esoteric and “woo-woo” type enquiries but i would postulate that a focussed attention toward these appearances in consciousness are of critical importance in cultivating our ability to maintain a more sophisticated mode of operation as humans, and to prevent us ...
Jun 15, 2022•7 min
Good Morning Everyone, I hope those in Australia enjoyed a long weekend despite some wild market price action and volatility. Another “crypto” scam called Celsius blew up in recent days limiting all trading, withdrawals and transactions. Binance also had a 3h block on bitcoin withdrawals! Binance CEO CZ came out and responded with the following tweet: I would be very wary if you use Binance’s shitcoin carousel. Bitcoin has been working flawlessly this entire time. It could be an internal issue a...
Jun 14, 2022•6 min
Good Morning Everyone, It’s incredible to see how the tables have turned in relation to the clown-world narrative about inflation. A couple of short years ago i recall Jerome Powell come out saying we need to generate higher than normal inflation . That they planned to generate significantly above the 2% norm, and would let it run hot for longer than normal. A string of articles followed making this point, and the incredible claim that persistent low inflation was the real danger. Fast forward t...
Jun 09, 2022•3 min
Good Morning Everyone, The technology we call money is fundamentally a system of information. It is a ledger, that assigns who has what. Bitcoin does not send “money” from one side of the planet to another to enable the transfer of value - it is simply updating information. Modifying numbers between one pigeon hole and another on an open , public, immutable ledger. It does so in a way that ensures no errors can exist in this system of information. A system of pure signal - completely free of noi...
Jun 08, 2022•3 min
Good Morning Everyone, The lightning network continues to experience incredible growth. In my opinion most people are completely unaware of the significance of what is happening on top of bitcoin on the second layer. At the protocol layer transaction volume and speed is limited by block space (the number of transactions that can fit in a block), and the speed at which blocks are mined, and thus transactions added to the blockchain - which is on average every 10minutes. The lightning network is h...
Jun 07, 2022•4 min
