Notably, Broken Money has sold many copies in both fiat and bitcoin. Nobody has asked to pay for it in precious metals. And online it’s hard to do. And there are divisibility issues. But at current prices, if you run into me in person, I’d sell Broken Money for a silver ounce.

This iconic Volkswagen news item relates to my post from two years ago. Friends don't let friends run into energy shortages, or structurally high aggregate energy prices.

Rolexes are shitcoins.

Pedro Lyn Alden These watches unfortunately require servicing every few years which usually means sending them into Rolex. But to each to their own

Nikkei opens down 4% Crypto following

Using luxury watches as dense and wearable monetary cross-border stores of value is/was an actual thing, btw. I'm not kidding about that. And that attribute is now under threat by better tech.

Lyn Alden This is a secret that old money folks used to do. You would be able to carry several hundred thousand dollars in "your collection" cross border and nobody knew or cared. Bitcoin makes this irrelevant. Correct.

The monthly measure of US jobs opening fell from a revised 7.91 million to 7.67 million, notably lower than the consensus forecast and totally cementing a Fed rate cut in two weeks. Layoffs rose to 1.76 million. #economy #jobs #employment

JOLTS Job Openings from ECAN:

There is a surge of business bitcoin adoption happening, including 1000+ companies on River We're proud to present our new report: Why Business Bitcoin Adoption Grew by 30% in 1 Year Business owners: Consider how bitcoin can add value to your company👇 Link below in the 🧵

Maybe it's not great that the US government subsidizes the least healthy types of food the most, like sugar and the various raw ingredients for ultra-processed foods. 🤷‍♀️

Because the US runs large fiscal and current account deficits?

“But what if it stops working?”