MartyBent
Founder of TFTC.io, co-host of Rabbit Hole Recap, Managing Partner at Ten31
You can just do things. Use the tools. #vlog
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I’m getting into Nostr only v-logging too nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgpvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33wf6xcutrvyu8ydnpw4ukzae4dc6ksvmvx56ryvnyd568xunex4j85en9v56rvwfkveck2wrnxeckwatyddenwer2w3n8x0mzwfhkzerrv9ehg0t5wf6k2qgcwaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2aqyxwxz8
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Flashback to 2010 when you could buy 10 #bitcoin for $3.48.
It's crazy to think how far not only bitcoin, but the Internet has come in 15 years. This web interface looks ancient. The pace of innovation from today to 2040 is going to be even more accelerated and bitcoin will be a multi-hundred trillion dollar market.
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You can tell Coinbase has been listening to how people position Nostr and slapping the marketing on Base, which is a DINO version of Nostr.
Imitation is the highest form of flattery. Rome wasn’t built in a day and neither will truly robust freedom tech. Keep building.
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"When money is no longer scarce, it stops being trusted, it loses value, and it eventually becomes destructive"
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Fake money, fake empire
We made this using Google Veo3. Bitcoiners are some of the most memetically powerful individuals I’ve ever met and our powers will be supercharged via AI if applied the right way.
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“What is going on?!”
Many people know that it’s harder for them to make enough money to live. Not enough people know that the money itself is broken.
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Sam Hyde is that dude.
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Signal’s Meredith Whittaker on the privacy nightmares that agentic AI introduces.
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Bringing this truck to the US may be a necessary move by the Trump admin as it re-shores manufacturing and tries to build back the middle class.
Business owners being able to buy a $10k truck instead of one for $120k would be massive for businesses. He could slap a 25% tariff on it and it would still be incredibly beneficial to the US economy.
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Am I correct in understanding that this guy is somewhat popular in the UK?
Hilarious if true.
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The memecoin people are the most economically illiterate people on the planet and they’ve conned otherwise sensible leaders to allow them to leverage their names to scam poor people.
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Goals.
“A 94-year-old woman says goodbye to her husband after 81 years together ...”
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God bless RFK Jr. for having the patience to put up with these clowns.
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Show Notes
Marty's Bent
via StockMarket.News
While everyone and their mother is focused on Jackson Hole in anticipation of Federal Reserve Chairman Jerome Powell's speech later this morning I want to draw your attention to the chart above. The financial system is more levered than it has ever been at the same time that the pressure on Jerome Powell and the Fed to lower interest rates and inflation is starting to rear its head again.
If I'm being honest, I'm not sure exactly how to read this. My intuition says that leverage is high because of the stealth stimulus that has been entering the market over the course of the last few years via the Treasury hammering issuance on the short end of the yield curve. Yes, in nominal terms margin debt is at an all time high, but if you look at it in real terms it is still below 2021 levels. Though, it is quickly approaching those levels.
via StockMarket.News
The question lingering in my mind is whether or not we see a melt up in financial assets and leverage alongside with it, or will gravity come into play at some point in the short to medium-term and force a material correction? When you consider the Trump administration's focus on AI - it has been explicitly identified as a national security issue that necessitates a "win at all costs" response, coupled with the strong desire to keep the Republican majority in the House and the Senate in next year's mid-term elections, the prospect of a melt up scenario seems somewhat likely. One thing is certain, the Trump administration is certainly going to try.
When they do inevitably try, we will see if we are truly moving into new territory because all of the indicators that signal a market top are getting very red and very loud. Just take a look at cyclically-adjusted P/E ratios.
via Simon White, Bloomberg
Regardless of what inevitably happens, this is fundamentally bullish for bitcoin in the medium to long-term. If we get the melt up scenario, bitcoin will benefit massively as individuals, investors, institutions and idiots alike seek safe haven in hard assets. If gravity comes into play, bitcoin is likely to correct a bit before the dust settles. At which point, many people will be starkly reminded of the insanity of the incumbent financial and monetary systems yet again and a new wave of bitcoin adopters will enter the market. Joining the steadfast hodlers who understand what they own.
Stay vigilant out there, freaks.
Bitcoin's Energy Consumption is Not Waste
Phil Geiger makes a compelling case on Parker Lewis's Center of Hash that Bitcoin's energy consumption serves a vital purpose - it's the first monetary system to solve the problem of money printing through absolute scarcity. As Phil explains, Bitcoin's 21 million supply cap represents humanity's first truly fixed monetary supply, making it fundamentally different from every other form of money that can be debased. This scarcity only works because it's secured by real-world energy consumption, creating an unbreakable link between the digital and physical realms.
"Money is the most fundamental form of communication that humans have. You can use money to communicate value across different cultures without even speaking the same language." - Phil Geiger
Phil contrasts Bitcoin with other cryptocurrencies, arguing their energy use is wasteful because they don't solve any fundamental problem. Bitcoin's energy consumption directly secures the network against manipulation and enforces the monetary policy that makes it valuable. Parker reinforces this throughout, noting how this direct use of energy for monetary security is unprecedented - unlike gold mining or Federal Reserve operations, Bitcoin creates an explicit, measurable relationship between energy and monetary integrity.
Check out the full podcast here for more on mining pool centralization, fee market dynamics and Bitcoin's self-regulating difficulty adjustment.
Headlines of the Day
DOJ Won't Target Decentralized Crypto Developers - via X
DOJ Demands Fed Fire Governor Lisa Cook - via X
Pennsylvania Introduces Bitcoin Ownership Ban Bill - via X
Buenos Aires Accepts Bitcoin for City Payments - via X
Treasury Proposes Digital IDs for DeFi Transactions - via X
Obscura – The World’s Best VPN Built by Bitcoiners
Created by Carl Dong (former Bitcoin Core contributor), unlike other VPNs, it can’t log your activity by design, delivering verifiable privacy you can trust.
Outsmarts internet censorship: works even on the most restrictive Wi-Fi networks where other VPNs fail.
Pay with bitcoin over Lightning: better privacy and low fees.
No email required: accounts are generated like bitcoin wallets.
No trade-offs: browse freely with fast, reliable speeds.
Exclusive Deal for TFTC Listeners:
Sign up at obscura.net and use code TFTC25 for 25% off your first 12 months.
Now available on macOS, iOS, and WireGuard, with more platforms coming soon — so your privacy travels with you wherever you go.
Ten31, the largest bitcoin-focused investor, has deployed $200M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.
Final thought...
The hurricane swells are epic on the East Coast right now.
Enjoy your weekend, freaks.
Download our free browser extension, Opportunity Cost: https://www.opportunitycost.app/ start thinking in SATS today.
Get this newsletter sent to your inbox daily: https://www.tftc.io/bitcoin-brief/
Subscribe to our YouTube channels and follow us on Nostr and X:
Zap Splits
Show Notes
Marty's Bent
via StockMarket.News
While everyone and their mother is focused on Jackson Hole in anticipation of Federal Reserve Chairman Jerome Powell's speech later this morning I want to draw your attention to the chart above. The financial system is more levered than it has ever been at the same time that the pressure on Jerome Powell and the Fed to lower interest rates and inflation is starting to rear its head again.
If I'm being honest, I'm not sure exactly how to read this. My intuition says that leverage is high because of the stealth stimulus that has been entering the market over the course of the last few years via the Treasury hammering issuance on the short end of the yield curve. Yes, in nominal terms margin debt is at an all time high, but if you look at it in real terms it is still below 2021 levels. Though, it is quickly approaching those levels.
via StockMarket.News
The question lingering in my mind is whether or not we see a melt up in financial assets and leverage alongside with it, or will gravity come into play at some point in the short to medium-term and force a material correction? When you consider the Trump administration's focus on AI - it has been explicitly identified as a national security issue that necessitates a "win at all costs" response, coupled with the strong desire to keep the Republican majority in the House and the Senate in next year's mid-term elections, the prospect of a melt up scenario seems somewhat likely. One thing is certain, the Trump administration is certainly going to try.
When they do inevitably try, we will see if we are truly moving into new territory because all of the indicators that signal a market top are getting very red and very loud. Just take a look at cyclically-adjusted P/E ratios.
via Simon White, Bloomberg
Regardless of what inevitably happens, this is fundamentally bullish for bitcoin in the medium to long-term. If we get the melt up scenario, bitcoin will benefit massively as individuals, investors, institutions and idiots alike seek safe haven in hard assets. If gravity comes into play, bitcoin is likely to correct a bit before the dust settles. At which point, many people will be starkly reminded of the insanity of the incumbent financial and monetary systems yet again and a new wave of bitcoin adopters will enter the market. Joining the steadfast hodlers who understand what they own.
Stay vigilant out there, freaks.
Bitcoin's Energy Consumption is Not Waste
Phil Geiger makes a compelling case on Parker Lewis's Center of Hash that Bitcoin's energy consumption serves a vital purpose - it's the first monetary system to solve the problem of money printing through absolute scarcity. As Phil explains, Bitcoin's 21 million supply cap represents humanity's first truly fixed monetary supply, making it fundamentally different from every other form of money that can be debased. This scarcity only works because it's secured by real-world energy consumption, creating an unbreakable link between the digital and physical realms.
"Money is the most fundamental form of communication that humans have. You can use money to communicate value across different cultures without even speaking the same language." - Phil Geiger
Phil contrasts Bitcoin with other cryptocurrencies, arguing their energy use is wasteful because they don't solve any fundamental problem. Bitcoin's energy consumption directly secures the network against manipulation and enforces the monetary policy that makes it valuable. Parker reinforces this throughout, noting how this direct use of energy for monetary security is unprecedented - unlike gold mining or Federal Reserve operations, Bitcoin creates an explicit, measurable relationship between energy and monetary integrity.
Check out the full podcast here for more on mining pool centralization, fee market dynamics and Bitcoin's self-regulating difficulty adjustment.
Headlines of the Day
DOJ Won't Target Decentralized Crypto Developers - via X
DOJ Demands Fed Fire Governor Lisa Cook - via X
Pennsylvania Introduces Bitcoin Ownership Ban Bill - via X
Buenos Aires Accepts Bitcoin for City Payments - via X
Treasury Proposes Digital IDs for DeFi Transactions - via X
Obscura – The World’s Best VPN Built by Bitcoiners
Created by Carl Dong (former Bitcoin Core contributor), unlike other VPNs, it can’t log your activity by design, delivering verifiable privacy you can trust.
Outsmarts internet censorship: works even on the most restrictive Wi-Fi networks where other VPNs fail.
Pay with bitcoin over Lightning: better privacy and low fees.
No email required: accounts are generated like bitcoin wallets.
No trade-offs: browse freely with fast, reliable speeds.
Exclusive Deal for TFTC Listeners:
Sign up at obscura.net and use code TFTC25 for 25% off your first 12 months.
Now available on macOS, iOS, and WireGuard, with more platforms coming soon — so your privacy travels with you wherever you go.
Ten31, the largest bitcoin-focused investor, has deployed $200M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.
Final thought...
The hurricane swells are epic on the East Coast right now.
Enjoy your weekend, freaks.
Download our free browser extension, Opportunity Cost: https://www.opportunitycost.app/ start thinking in SATS today.
Get this newsletter sent to your inbox daily: https://www.tftc.io/bitcoin-brief/
Subscribe to our YouTube channels and follow us on Nostr and X:
Zap Splits
Show Notes
Marty's Bent
via StockMarket.News
While everyone and their mother is focused on Jackson Hole in anticipation of Federal Reserve Chairman Jerome Powell's speech later this morning I want to draw your attention to the chart above. The financial system is more levered than it has ever been at the same time that the pressure on Jerome Powell and the Fed to lower interest rates and inflation is starting to rear its head again.
If I'm being honest, I'm not sure exactly how to read this. My intuition says that leverage is high because of the stealth stimulus that has been entering the market over the course of the last few years via the Treasury hammering issuance on the short end of the yield curve. Yes, in nominal terms margin debt is at an all time high, but if you look at it in real terms it is still below 2021 levels. Though, it is quickly approaching those levels.
via StockMarket.News
The question lingering in my mind is whether or not we see a melt up in financial assets and leverage alongside with it, or will gravity come into play at some point in the short to medium-term and force a material correction? When you consider the Trump administration's focus on AI - it has been explicitly identified as a national security issue that necessitates a "win at all costs" response, coupled with the strong desire to keep the Republican majority in the House and the Senate in next year's mid-term elections, the prospect of a melt up scenario seems somewhat likely. One thing is certain, the Trump administration is certainly going to try.
When they do inevitably try, we will see if we are truly moving into new territory because all of the indicators that signal a market top are getting very red and very loud. Just take a look at cyclically-adjusted P/E ratios.
via Simon White, Bloomberg
Regardless of what inevitably happens, this is fundamentally bullish for bitcoin in the medium to long-term. If we get the melt up scenario, bitcoin will benefit massively as individuals, investors, institutions and idiots alike seek safe haven in hard assets. If gravity comes into play, bitcoin is likely to correct a bit before the dust settles. At which point, many people will be starkly reminded of the insanity of the incumbent financial and monetary systems yet again and a new wave of bitcoin adopters will enter the market. Joining the steadfast hodlers who understand what they own.
Stay vigilant out there, freaks.
Bitcoin's Energy Consumption is Not Waste
Phil Geiger makes a compelling case on Parker Lewis's Center of Hash that Bitcoin's energy consumption serves a vital purpose - it's the first monetary system to solve the problem of money printing through absolute scarcity. As Phil explains, Bitcoin's 21 million supply cap represents humanity's first truly fixed monetary supply, making it fundamentally different from every other form of money that can be debased. This scarcity only works because it's secured by real-world energy consumption, creating an unbreakable link between the digital and physical realms.
"Money is the most fundamental form of communication that humans have. You can use money to communicate value across different cultures without even speaking the same language." - Phil Geiger
Phil contrasts Bitcoin with other cryptocurrencies, arguing their energy use is wasteful because they don't solve any fundamental problem. Bitcoin's energy consumption directly secures the network against manipulation and enforces the monetary policy that makes it valuable. Parker reinforces this throughout, noting how this direct use of energy for monetary security is unprecedented - unlike gold mining or Federal Reserve operations, Bitcoin creates an explicit, measurable relationship between energy and monetary integrity.
Check out the full podcast here for more on mining pool centralization, fee market dynamics and Bitcoin's self-regulating difficulty adjustment.
Headlines of the Day
DOJ Won't Target Decentralized Crypto Developers - via X
DOJ Demands Fed Fire Governor Lisa Cook - via X
Pennsylvania Introduces Bitcoin Ownership Ban Bill - via X
Buenos Aires Accepts Bitcoin for City Payments - via X
Treasury Proposes Digital IDs for DeFi Transactions - via X
Obscura – The World’s Best VPN Built by Bitcoiners
Created by Carl Dong (former Bitcoin Core contributor), unlike other VPNs, it can’t log your activity by design, delivering verifiable privacy you can trust.
Outsmarts internet censorship: works even on the most restrictive Wi-Fi networks where other VPNs fail.
Pay with bitcoin over Lightning: better privacy and low fees.
No email required: accounts are generated like bitcoin wallets.
No trade-offs: browse freely with fast, reliable speeds.
Exclusive Deal for TFTC Listeners:
Sign up at obscura.net and use code TFTC25 for 25% off your first 12 months.
Now available on macOS, iOS, and WireGuard, with more platforms coming soon — so your privacy travels with you wherever you go.
Ten31, the largest bitcoin-focused investor, has deployed $200M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.
Final thought...
The hurricane swells are epic on the East Coast right now.
Enjoy your weekend, freaks.
Download our free browser extension, Opportunity Cost: https://www.opportunitycost.app/ start thinking in SATS today.
Get this newsletter sent to your inbox daily: https://www.tftc.io/bitcoin-brief/
Subscribe to our YouTube channels and follow us on Nostr and X:
Zap Splits
Show Notes
Marty's Bent
via StockMarket.News
While everyone and their mother is focused on Jackson Hole in anticipation of Federal Reserve Chairman Jerome Powell's speech later this morning I want to draw your attention to the chart above. The financial system is more levered than it has ever been at the same time that the pressure on Jerome Powell and the Fed to lower interest rates and inflation is starting to rear its head again.
If I'm being honest, I'm not sure exactly how to read this. My intuition says that leverage is high because of the stealth stimulus that has been entering the market over the course of the last few years via the Treasury hammering issuance on the short end of the yield curve. Yes, in nominal terms margin debt is at an all time high, but if you look at it in real terms it is still below 2021 levels. Though, it is quickly approaching those levels.
via StockMarket.News
The question lingering in my mind is whether or not we see a melt up in financial assets and leverage alongside with it, or will gravity come into play at some point in the short to medium-term and force a material correction? When you consider the Trump administration's focus on AI - it has been explicitly identified as a national security issue that necessitates a "win at all costs" response, coupled with the strong desire to keep the Republican majority in the House and the Senate in next year's mid-term elections, the prospect of a melt up scenario seems somewhat likely. One thing is certain, the Trump administration is certainly going to try.
When they do inevitably try, we will see if we are truly moving into new territory because all of the indicators that signal a market top are getting very red and very loud. Just take a look at cyclically-adjusted P/E ratios.
via Simon White, Bloomberg
Regardless of what inevitably happens, this is fundamentally bullish for bitcoin in the medium to long-term. If we get the melt up scenario, bitcoin will benefit massively as individuals, investors, institutions and idiots alike seek safe haven in hard assets. If gravity comes into play, bitcoin is likely to correct a bit before the dust settles. At which point, many people will be starkly reminded of the insanity of the incumbent financial and monetary systems yet again and a new wave of bitcoin adopters will enter the market. Joining the steadfast hodlers who understand what they own.
Stay vigilant out there, freaks.
Bitcoin's Energy Consumption is Not Waste
Phil Geiger makes a compelling case on Parker Lewis's Center of Hash that Bitcoin's energy consumption serves a vital purpose - it's the first monetary system to solve the problem of money printing through absolute scarcity. As Phil explains, Bitcoin's 21 million supply cap represents humanity's first truly fixed monetary supply, making it fundamentally different from every other form of money that can be debased. This scarcity only works because it's secured by real-world energy consumption, creating an unbreakable link between the digital and physical realms.
"Money is the most fundamental form of communication that humans have. You can use money to communicate value across different cultures without even speaking the same language." - Phil Geiger
Phil contrasts Bitcoin with other cryptocurrencies, arguing their energy use is wasteful because they don't solve any fundamental problem. Bitcoin's energy consumption directly secures the network against manipulation and enforces the monetary policy that makes it valuable. Parker reinforces this throughout, noting how this direct use of energy for monetary security is unprecedented - unlike gold mining or Federal Reserve operations, Bitcoin creates an explicit, measurable relationship between energy and monetary integrity.
Check out the full podcast here for more on mining pool centralization, fee market dynamics and Bitcoin's self-regulating difficulty adjustment.
Headlines of the Day
DOJ Won't Target Decentralized Crypto Developers - via X
DOJ Demands Fed Fire Governor Lisa Cook - via X
Pennsylvania Introduces Bitcoin Ownership Ban Bill - via X
Buenos Aires Accepts Bitcoin for City Payments - via X
Treasury Proposes Digital IDs for DeFi Transactions - via X
Obscura – The World’s Best VPN Built by Bitcoiners
Created by Carl Dong (former Bitcoin Core contributor), unlike other VPNs, it can’t log your activity by design, delivering verifiable privacy you can trust.
Outsmarts internet censorship: works even on the most restrictive Wi-Fi networks where other VPNs fail.
Pay with bitcoin over Lightning: better privacy and low fees.
No email required: accounts are generated like bitcoin wallets.
No trade-offs: browse freely with fast, reliable speeds.
Exclusive Deal for TFTC Listeners:
Sign up at obscura.net and use code TFTC25 for 25% off your first 12 months.
Now available on macOS, iOS, and WireGuard, with more platforms coming soon — so your privacy travels with you wherever you go.
Ten31, the largest bitcoin-focused investor, has deployed $200M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.
Final thought...
The hurricane swells are epic on the East Coast right now.
Enjoy your weekend, freaks.
Download our free browser extension, Opportunity Cost: https://www.opportunitycost.app/ start thinking in SATS today.
Get this newsletter sent to your inbox daily: https://www.tftc.io/bitcoin-brief/
Subscribe to our YouTube channels and follow us on Nostr and X:
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“IDK, mom. Choosing rich may not be the way.”
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The yuppie elite when you tell them bitcoin will be the next reserve currency of the world.
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Our oldest rode his first waves today. Never seen him more pumped.
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If you watch one thing today, make it this.
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