The head of our country’s government is in the early stages of consolidating total power. We must of course reject this, but that is not enough. We have to respond by creating a different and better kind of American politics than we have seen before.
I’m going to say something that shouldn’t be controversial but will be. If you are a Christian, you can support border control and immigration being legal vs illegal. You CANNOT celebrate deportations and get off on the cruelty, and be a real Christ follower. Period
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You always own your intellectual property, mailing list, and subscriber payments. With full editorial control and no gatekeepers, you can do the work you most believe in.
Thanks for a.) the explanation and b.) the heavy lifting of responding to everyone here and on X too. Just as much education in the conversation when you're in there mixing it up, so it's much appreciated.
What I'm wondering is whether this trade slowly burns the MVRV ratio lower like a fuse (or in other words steadily presses the Realized Cap upward against the ceiling of a stable but choppy price) since coins are churning around in the mechanics of the cash and carry and getting repriced highe…
Great question. I think generally speaking, MVRV is compressing as Bitcoin gets larger, slower, and harder to move (less extremes, more normal). Given futures and C&C trades are a part of this growing up and a feature that adds liquidity and dampens volatility, you could argue these are linked. So yes in a way, but not necessarily the driving force.