35 yrs in a risk chair |
#Freedom
maximalist | McGill | Cornell |
#btc
is an IQ test in risk management| All Fiats are melting ice cubes |
#forthekids
and FAMILY
Hey world investors:
Global debt is a US$400T asset that is programmed to debase (it is a Fiat contract).
#btc
is a sub US$1T asset that is programmed as the most secure Store of Value ever created (math + code)
Where do you think the smart money will flow?
#mathishard
gm,
Upon further reflection....I am staying for the fight.
Thanks to all in the
#btc
community for the support and love with
#HONKHONKHODL
#freedom
isn't free.
Freeland is dangerous.
Friends, it has been a while…
I have been struggling with some very deep and dark depression. I mentioned my battles on stage in 2022 in the “billionaires” group.
That was the highlight of my bitcoin presentations and I thank
@DavidFBailey
and
@BitcoinMagazine
for that
@DavidFBailey
@stackaraurus11
Yessir
@DavidFBailey
thank you for the invite. And I apologize for my rant. It was wrong and wholly unprofessional. It was a manic outburst fueled by other factors.
Thanks for everything that Bitcoin Magazine has done for me and for the ecosystem.
Sincerely, Foss.
When I said I would die on this hill, it was an expression of passion just like Jack Mallers
Now it seems to be getting more real.
Trudeau and RCMP has identified 34 Wallet addresses eh
#btc
fixes this. HODL the line Canada. Xox.
Over one half of all Nasdaq stocks are down more than 50% from their ath, yet the news is
#btc
down…
How many Nasdaq stocks are going to change the world?
I’ll wait. Main Street media is as corrupt as FIAT
I just turned 60. Imma gonna try to paddle surf until 75.
I’m also going to devote the next 15 years of my working life to furthering
#bitcoin
adoption around the world.
#btc
is our best hope for a fair future.
#forthekids
.
GF❤️Y
@PoweredbyIBEX
Remember, next time you hate your life, it's all about perspective.
I have a friend who reads 2-3 books a week, works out twice a day, and
has people who want to have sex with him all the time, yet complains
about how much he hates prison.
Good night.
Help me get this tweet to more likes than the average
@DylanLeClair_
post (2500 likes on average) so that when I go on stage with him in Amsterdam I don’t have to feel like such a boomer.
Kids eh.
#btc
is for boomers too. TY.
Let's remember. If CPI was measured using the original formula in 1980, it would be over 14% yoy.
It was "reported" as 6.8% yoy today and was still the highest print in 39 YEARS (1982). "Transitory" is for fools.
#btc
I shared my mental health challenges with the
#btc
community and I have had really beautiful responses.
My fav: “I use the buy button as an anti depressant myself”
Love you people. Few.
33 years ago today.
3 great kids. An incredible wife who supported my dreams and my antics.
I am blessed to have them on my
#bitcoin
journey.
Hugs from the Fossers. TY fam.
Jamie Dimon is CEO of a bank that is levered 25x to its equity capital base, relies on a “too big to fail”
#fed
backstop and has paid billions in fines for breaking the law…
Yet he calls
#btc
a ponzi.
Fiat is the ponzi u cucks.
#btc
is
#truth
Sitting in airport and a well dressed gentleman comes up and says he loves my sandals. I asked him if he is a
#bitcoin
er. He says “absolutely, what’s not to like”.
He has returned to El Salvador (home country) after living in USA for 20 years.
Well done
@nayibbukele
Here is the state of the G7
(most of u idiot fuks have no clue what I am referring to eh?)
1. USA - a laughingstock
2. Japan - dead
3. Germany - walking dead
4. UK - we have a king!
5. France - c'mon monsieur, c'est comic
6. Italy - someone else will pay
7. Canada - budgets
My grandad fought for
#freedom
in WWI and WWII. He was awarded the OBE 👇👇👇 for bravery and honor…
Trudeau’s dad dodged WWII and JT and “Freeland” are fine removing all the rights and freedoms that all vets have fought so hard to preserve.
#unjustin
unfreeland.
#btc
TA on
#btc
?
C u at $250k per coin, then at $2mm per coin and I don’t give two shits how we get there
If you are sweating the next $5k move you are in the wrong game
Go trade stonks with idiot Cramer.
#btc
is a long game for real risk managers. Not fukkin pretenders.
C u
USA citizens. I say this with the upmost respect…
I went to school in your great country, made amazing friends, learned a ton, and I am forever grateful.
But,
Your cucktard leaders are in the process of frittering away your great history.
Hard WORK made the USA the envy of
My goal for BT
I want to get on a podcast with
@saylor
One is an old f-k. One is a brilliant engineer who is re-writing the rules of capital markets arbitrage. We are the same homeboys.
Pls sir. More soup.
#btc
.
I never ever told my Dad how much he meant to me.
Today is his birthday. RIP Dad.
I wish I had been more open with appreciation when he was alive.
Time flies people. You may not get a second chance for a true hug.
I miss you DDF. You were a great dad.
#truth
#btc
#love
Had to say goodbye to my buddy of 12yrs yesterday. Love you Bailey. She wasn’t big but she had a huge heart and a STRONG spine. I learned a lot from her.
#btc
Luna contagion, 3AC default, Celsius fraud, other crimes, and Elon puking out
#btc
Yet markets remained orderly and traded 24/7 with NO
#fed
backstop
If you fail to grasp the significance of this LIQUID, decentralized, HONEST market, then u are a plug
#learnmath
#forthekids
Leverage unwinds are a market's way of cleansing the system. It works well in
#btc
(and other crypto).
In the Fiat system, the leverage unwind gets backstopped by more money printing and socializing losses.
Choose your Store of Value wisely.
I am a
@100trillionUSD
fan
Not because I agree with his “model”
Rather, because he had the balls to publish a “model”.
A model is just a thought process.
U stupid fuks have zero balls to publish your own model right?
GFY. # btc
If you are not outraged with the current Fiat system of eternal bailouts,
You don’t have a brain, you don’t understand
#math
, and please do not have kids - you shouldn’t pass on your deficient genes -
My god the lack of common sense is so disturbing.
Own
#bitcoin
.
This is
I am turning 60 soon and somebody gave me 4 pointers:
i) always pee when u have the chance,
ii) never trust a fart,
iii) if u get an erection, use it, even if u r alone,
iv) Fiat is a ponzi, buy
#btc
I’d like to remind you that
#btc
is still stupid cheap when using CDS (20yr tenor est) on Sovereigns multiplied by total funded plus unfunded debt.
You can do your own calc at
Thanks to the work of
@alphaazeta
The model shows a fair value for
#btc
of
Whether you know it or not....we are experiencing the precursor to CBDCs in Canada right now. Frozen bank accounts "at the govie discretion"????
Centralized control restricts democracy.
Study up.
#btc
A short story from Foss…
Why
#btc
price today is just like $msft stock price in 1992 (about us$2 and now $450 in 2024)
In ‘92 I was working on a consulting contract at the Bank of Boston. The project was capital allocation and risk pricing for their various businesses. It was
@SecYellen
@nabe_econ
Stop sniffing glue.
The financial system is routinely unstable because of poor risk management and rear view mirror navigation by you and other unqualified career bureaucrats.
You can’t see the debt spiral accelerating under your nose and you assume the rest of the world will
Let's review...
What causes a bank run? A crisis in confidence...
What causes a crisis in confidence? Tyrannical leadership...
Correlation does not equal causation but it sure smells eh?
#btc
The most important economic component of the El Salvador (ES) announcement is the comment on remittances.
When wealth is sent back “home” by hard working migrant workers, the fees using legacy channels are egregious. Reducing fees materially increases ES GDP.
#btc
fixes stuff
GM,
I was lucky enough to attend a dinner at
@saylor
residence last night. Thank you so much Michael.
A highlight for me was meeting
@jackmallers
What an awesome young leader.
This
#bitcoin
community is truly special.
We. Will. Win.
#forthekids
@genZ4btc
The frequency of my tweets will increase as the urgency to adopt a
#btc
standard accelerates.
Our idiot politicians and CB officials have reached new levels of incompetence.
Expect a deluge of "yelling" from Foss.
PS: I yell because I CARE. (feel free to block and f/off)
Today
@JeffBooth
and I were on
@invest_answers
podcast. James is a great host. I love his mathematical mind and desire to model outcomes…
The debt spiral is just grade 11
#math
and…
#btc
is an IQ test in risk management.
Thanks James and Jeff. 💪🇨🇦🇺🇸
Silicon Valley Bank failed in 36 hours
Rated single-A by Moodys three days earlier
Staffed by flunkies from Lehman, Freddie Mac and DB
Let that sink in.
And FDIC to the rescue? What a clown show.
Encapsulates the Fiat ponzi. A DISGRACE!!!
Opt out.
#btc
Yesterday I walked for 20 blocks east of the downtown core of Toronto.
Our beautiful city is now a mess of boarded up shops and despair.
Lifetime businesses ruined.
Good thing we flattened that curve.
#btc
over bankers.
I have a target price on
#btc
(US$2mm per coin in today’s dollars)
My sell date is NEVER
#btc
is INSURANCE on the fiat ponzi
And, You don’t sell insurance.
I have decided to come out of the closet...
I am not woke,
I am not a spook,
I am a
#btc
maxi.
And I don't give a fuk what you think my motives are...
I AM
#forthekids
....full stop.
GN.
Sen Warren wants to do away with “crypto”. I get it.
She doesn’t need crypto cuz She is a pro at robbing you the old fashioned way…using the Fiat ponzi.
#bitcoin
not crypto
The stupid money has arrived to the
#btc
futures square. They are shorting
#btc
to hedge their underwater equity (broad market) exposure.
This will change over the long term as they get blown up on both sides of the “hedged and wedged” trade.
The mkt always fixes stupid money.
#btc
is being traded (by the Algos) as a risk asset, when in fact
#btc
is “protection” or insurance.
In fact it is very cheap insurance as calculated by some models: CDS, PlanG…
Filter the noise.
Great work
@Giovann35084111
GM,
Gamma squeeze Friday.
The Fed expanded their balance sheet by $297B last week. That is over ONE HALF the entire market cap of
#bitcoin
.
Yellen and Powell are floundering, banks are collapsing, and you have zero
#btc
????
Who is da fool. Have a good day.
Nobody can predict with absolute certainty whether the next $10k move in
#bitcoin
will be up or down.
And someday we will be saying the same thing about the next $100k move.
The only certainty is FIAT debasement.
#math
and the debt spiral 🌀make debasement certain
I had the chance to record for the first time in more than a year with
@FossGregfoss
about Bitcoin, macro, and life lessons & losses.
I hope you have the chance to listen to this moving and vulnerable conversation. Thank you for joining me, Greg! We are rooting for you.
Trudeau is trying to scare us. He is trying to divide us again.
But we are uniting like never before. We have 7 days to spread love, light, and unity to every Canadian.
This weekend we show the world who we are in Ottawa.
Overcome evil with good. 🇨🇦
Monthly reminder: Next time you hate your life, remember it is all about perspective
I have a buddy who reads 3 books a month, works out twice a day, and has people who want to have sex with him all the time…
Yet he complains how much he dislikes prison.
Smile. Haha?
Interest expense on UST debt will exceed $1T in 2023
It will push the annual deficit to over $2.3T.
The UST debt load is expanding 8% per annum and ACCELERATING
Debt 🌀 spiral in full force as rates rise.
Carry on you clueless clowns
Tick tock next block.
#btc
My grandad fought for
#freedom
in WWI and WWII. He was awarded the OBE 👇👇👇 for bravery and honor…
Trudeau’s dad dodged WWII and JT and “Freeland” are fine removing all the rights and freedoms that all vets have fought so hard to preserve.
#unjustin
unfreeland.
#btc
Total global debt to GDP is 4x
If average interest rate is 3%, then global GDP needs to grow at 12% annually just to keep pace with the organic growth of the debt
Is 12% GDP growth likely (not even considering new deficits?)
The debt spiral accelerates. Pure
#math
.
#btc
I am a fool...
I own a UST 10yr FIXED coupon
#bond
that yields 1.5%pa while "reported" inflation runs at 6.8%yoy
My real return is negative 5% but I own it because it is a "safety" asset.
No wonder they want to ban
#math
...to keep the fool machine primed...
#btc
over
#bonds
If you buy
#btc
today, your purchase price will be LOWER than
@saylor
average purchase cost.
And I will lay odds that he is wayyyy more calculating and risk savvy than you.
Follow smart people. Not conflicted fools like Schiffty Peter.
Don’t overthink this.
@JackMallers
just on-boarded a COUNTRY.
In
#math
terms think second derivative (acceleration)
The Jacks are accelerating adoption of the purest form of monetary energy ever created.
#btc
Well done Jack M. You give us boomers strength and determination.
Tomorrows headlines:
Fed Hikes rates by 25bp to combat "non-transitory" inflation.
Thurs:
Discount Window borrowings spike to record $400B as regional bank crisis spreads.
Fri:
Powell and Yellen say the financial system is Strong.
Sat:
JPM buys
#bitcoin
. Says GFY to $FRC
5yr CDS on USA = 45bps
Implies 20yr CDS at 180bps
Total funded USA debt = $31T
Total unfunded obligations = $170T
So total USA debt = 200T
Implied value of default protection = $200T x 180bp = $3.6T
#bitcoin
market cap = $475B
So
#btc
is trading at one eighth of its
Q🙌E🙌infin🙌ity🙌
Powell broke the banking system and there is only one solution…QE infinity.
Just like always.
Fiat debasement is 100% certain and just got a turbo boost.
#btc
=
#math
+ code =
#truth
Check your bank stock exposure sheeple.
The petrodollar is being dismantled in real time as trading counterparts smarten up and realize that selling valuable natural resources for a rapidly debasing USD makes no economic sense.
What to do America? What to do?
#bitcoin
#forthekids
#softwar
@JasonPLowery
I tweeted a bunch tonight
I could say sorry, it is because I CARE,
But I will just say...fuk u
#btc
haters
Do your homework.
#btc
is insurance.
And the rest of u sorry fuks can pound sand.
#justincompetent
fools.
If you have kids...
#learnmath
.
Thk U from Canada. xox
"A society grows great when old men plant trees whose shade they know they will never sit in"
#btc
is just a small oak right now...the shade will be for the kids....
Breaking: Charlie Munger gets paid by the CCP to promote Chinese stocks $baba, communism, and praise for banning
#bitcoin
.
Time for your diaper change Charlie, you soggy conflicted fuk.
I am a 59 year old fifth generation
#canadian
and proud father of 3. I spent my life on Bay Street and Wall Street trading credit risk.
Having a country CEO declare that “budgets will balance themselves” and “I don’t care about monetary policy” is reprehensible.
#TrudeauMustGo
Inflation, stagflation, disinflation, deflation….
Who knows?
But QE infinity is certain in all conditions which leads to FIAT debasement (pure
#math
).
Hence, all paths lead to
#bitcoin
Some times you pick a fight with the captain of the opposing team (cuz u are fed up and want to brawl)
That is rarely a smart move.
Tonite I chose that path and I regret my actions.
I apologize to
@RaoulGMI
I made a rookie error. We have bigger battles to fight.
GF