Nothing quite brings out righteous indignation like an obvious power-play. No, I'm not talking about the election, I'm talking about Gamestop, Wall Street Bets and the SEC. The details of the saga are well known. Lots of options buying, a gamma squeeze on uncovered calls which led to a huge short squeeze sending the stock into the stratosphere. This led to some power moves behind the scenes which led to many brokerages allowing only selling of the stock and not any buying, which led to a lot of righteous indignation and calls for justice.
Hi Jimmy, nice letter here. I find you are very good at distilling technicals concepts in a few words. You are good at explaining what a some technical solution does and why it is important, like you did with DLC's. This newsletter is good for people who are not technical but keeps them a breast of new technical research or innovation. this is more useful than just explaining sound money or general stuff. Btw I find wall street types are always in fact preaching for custodial solutions, which end up negating some of bitcoins most important qualities, like censorship resistence.
Hi Jimmy, nice letter here. I find you are very good at distilling technicals concepts in a few words. You are good at explaining what a some technical solution does and why it is important, like you did with DLC's. This newsletter is good for people who are not technical but keeps them a breast of new technical research or innovation. this is more useful than just explaining sound money or general stuff. Btw I find wall street types are always in fact preaching for custodial solutions, which end up negating some of bitcoins most important qualities, like censorship resistence.
Didier Borel