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Death Ca₿ to QE Profile
Death Ca₿ to QE

@DeathCabToQE

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#Bitcoin & Macro research. Evil Speculator. Ex-Bitcoin Miner. Tech systems Architecture. Fix the money, fix the world.

Boston
Joined March 2014
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@DeathCabToQE
Death Ca₿ to QE
6 months
For anyone who didn't realize, THIS is why the CPI can't be trusted. Meat & egg prices are skyrocketing so what does the Fed do? .Lower the weighting percentage for them in the CPI of course.
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@DeathCabToQE
Death Ca₿ to QE
2 days
A quick note on the dangers of volatility drag and Bitcoin leveraged products. Assume you invest in a 2x levered Bitcoin product with a portfolio of $100. - Day 1: Returns +10% × 2 (for levered product) → +20%. $100 × 1.20 = $120. - Day 2: Returns -10% × 2 → -20%. $120 × 0.80
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@DeathCabToQE
Death Ca₿ to QE
2 days
A lot of people seem to have bought MSTY and other leveraged bitcoin plays without understanding the nature of volatility drag.
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@DeathCabToQE
Death Ca₿ to QE
3 days
A deflationary standard benefits everyone equally. It promotes stability and builds a platform upon which anyone, of any walk of life, can prosper. But in order to get there we have to deprogram the masses from the systemic propaganda that's been poured down our throats for.
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@DeathCabToQE
Death Ca₿ to QE
3 days
As products and services in the economy get cheaper you may need to subdivide. Something that used to cost a dollar will now cost a quarter. Something that cost a quarter might cost a penny. Want to sell something cheaper than a penny? Invent a half-penny.
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@DeathCabToQE
Death Ca₿ to QE
3 days
"but but we need more currency units for a growing population". Ok? You learned about fractions in middle school didn't you?. Add a few more decimal places. Et voila, you have more currency units, and you didn't have to debase the entire system to get them.
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@DeathCabToQE
Death Ca₿ to QE
3 days
On a deflationary standard your wages might decline by 1-2% per year but the cost of goods and services relative to your wages are declining by 5%+. You're getting wealthier not poorer. No one would choose the former over the latter if they actually understood the paradigm.
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@DeathCabToQE
Death Ca₿ to QE
3 days
"but but wages are sticky". Ok? This isn't a fundamental problem. It's an optics problem. No single person would ever choose to make 5% more per year if they understood their purchasing power was declining by 7% per year.
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@DeathCabToQE
Death Ca₿ to QE
3 days
Why is a never ending stream of unicorn tech companies built on a foundation of hype better than organizations that make real products and provide actual value to the world?.
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@DeathCabToQE
Death Ca₿ to QE
3 days
Why is having a boom and bust economy that implodes every few years inherently better than a stable one where people focus on investing in companies with real value?. Why is the financialization of EVERYTHING and the endless search for an edge somehow better?.
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@DeathCabToQE
Death Ca₿ to QE
3 days
"But but people won't invest!". Ok? Yes they will. They just won't MAL-invest. They won't be forced to put every dollar they make into the casino before it melts when it can sit in an account deflating and earning 2-3% a year, every year.
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@DeathCabToQE
Death Ca₿ to QE
3 days
If your wages are $5k / year and the average home costs $15k isn't saving for 3 years better than a 30y mortgage?. I mean why is it inherently better to pay a bank 8% APR on a home that will take you half a lifetime to pay off?.
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@DeathCabToQE
Death Ca₿ to QE
3 days
We used to save for the things we want, not be forced to spend every dime before it melts then go into hawk for more. An inflationist would argue 'but lending will stop.'. Ok?.
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@DeathCabToQE
Death Ca₿ to QE
3 days
Those who argue a deflationary economy can't work lack objectivity. Yeah deflation is the polar opposite of inflation. A lot of things would be different. People wouldn't borrow, invest or spend as much. Why is that inherently bad?.
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@DeathCabToQE
Death Ca₿ to QE
3 days
Bitcoin is our generations real-estate.
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@DeathCabToQE
Death Ca₿ to QE
3 days
Dude fleeing his “fascist” six-figure salary for a made up job title discovers socialism doesn’t pay much.
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@DeathCabToQE
Death Ca₿ to QE
4 days
If the on chain data for this bull didn’t look so damn good it might suggest a local top for the larger trend. As it stands it’s probably more likely to instigate some “chopsolidation” as @_Checkmatey_ likes to say. Just my 2 sats. I can be wrong.
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@DeathCabToQE
Death Ca₿ to QE
4 days
It’s logical to me that MSTR (the largest treasury play) finding its limits means that all other lesser plays have (or soon will) find theirs. Slowing the btc bid across the entire treasury paradigm.
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@DeathCabToQE
Death Ca₿ to QE
4 days
The ATMs will expand. Some like STRC are likely to become very popular but it will take time. There’s no way MSTR will be firing the $2bn weekly bid bullets they’ve been able to afford with common dilution. (For a while).
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@DeathCabToQE
Death Ca₿ to QE
4 days
It seems obvious that the Bitcoin treasury play is slowing. Shareholders are only willing to be diluted if share price is increasing. MSTR realized this and set limits. The preferred ATMs total AUM will raise less than two weeks of avg dilution capital.
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@DeathCabToQE
Death Ca₿ to QE
4 days
I wonder how many times the average CNBC viewer would have to watch this video to understand 10% of what was said. 😂. It really is so early.
@DocumentingBTC
Documenting ₿itcoin 📄
4 days
Watch @Saylor’s interview on CNBC this morning .
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