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@bewaterltd.bsky.social
The Paper Bitcoin Razor: Proof-Of-Alignment
Bitcoin Treasuries Part V: A Lesson In The Dark Arts—How Not To Get Rekt (A Postmortem)
bewaterltd.com/p/the-paper-...
Bitcoin Treasuries Part V: A Lesson In The Dark Arts—How Not To Get Rekt (A Postmortem)
bewaterltd.com/p/the-paper-...
November 6, 2025 at 12:53 AM
The Paper Bitcoin Razor: Proof-Of-Alignment
Bitcoin Treasuries Part V: A Lesson In The Dark Arts—How Not To Get Rekt (A Postmortem)
bewaterltd.com/p/the-paper-...
Bitcoin Treasuries Part V: A Lesson In The Dark Arts—How Not To Get Rekt (A Postmortem)
bewaterltd.com/p/the-paper-...
September 18, 2025 at 9:37 AM
Except crypto kitties
September 10, 2025 at 6:27 PM
Except crypto kitties
The FT asks “Does valuation matter any more in the age of AI?”
tldr; No. QE + ETFs + Algos + AI = HyperPrices
Hyperprices are to prices what AI bot slop is to Twitter and social media.
Read more:
bewaterltd.com/p/the-price-...
tldr; No. QE + ETFs + Algos + AI = HyperPrices
Hyperprices are to prices what AI bot slop is to Twitter and social media.
Read more:
bewaterltd.com/p/the-price-...
September 9, 2025 at 3:10 PM
The FT asks “Does valuation matter any more in the age of AI?”
tldr; No. QE + ETFs + Algos + AI = HyperPrices
Hyperprices are to prices what AI bot slop is to Twitter and social media.
Read more:
bewaterltd.com/p/the-price-...
tldr; No. QE + ETFs + Algos + AI = HyperPrices
Hyperprices are to prices what AI bot slop is to Twitter and social media.
Read more:
bewaterltd.com/p/the-price-...
They must be reading the same books as us.
Shades of
Shades of
September 5, 2025 at 1:00 AM
They must be reading the same books as us.
Shades of
Shades of
September 5, 2025 at 12:55 AM
Gives new meaning to "painting the tape". The image below makes our point about algorithmic #HyperPrices better than we ever could. bewaterltd.com/p/hyperprice...
August 4, 2025 at 8:49 PM
Gives new meaning to "painting the tape". The image below makes our point about algorithmic #HyperPrices better than we ever could. bewaterltd.com/p/hyperprice...
Navigating #Multiflation. Why CPI conceals the real economic damage, and what to do about it in your portfolio: the Five Archetypes framework. bewaterltd.com/p/navigating...
July 14, 2025 at 7:20 PM
Navigating #Multiflation. Why CPI conceals the real economic damage, and what to do about it in your portfolio: the Five Archetypes framework. bewaterltd.com/p/navigating...
More from Great Mirror of Folly (1720)
The Confused Investors’ Tower of Babel”
The Confused Investors’ Tower of Babel”
June 11, 2025 at 11:10 PM
More from Great Mirror of Folly (1720)
The Confused Investors’ Tower of Babel”
The Confused Investors’ Tower of Babel”
6/ The result: The Mississippi Bubble
A collective financial fever dream that held the nation spellbound.
A collective financial fever dream that held the nation spellbound.
June 10, 2025 at 2:29 PM
6/ The result: The Mississippi Bubble
A collective financial fever dream that held the nation spellbound.
A collective financial fever dream that held the nation spellbound.
5/ Some say Law was the first Keynesian. He got control of France's monetary system and then issued paper money, monetized government debt, and attempted monetary policy.
June 10, 2025 at 2:28 PM
5/ Some say Law was the first Keynesian. He got control of France's monetary system and then issued paper money, monetized government debt, and attempted monetary policy.
4/ Law was the original “Helicopter Ben” or "Money Printer Go Brrr" guy
That windmill on his head? Basically The Bernank’s Helicopter.
That windmill on his head? Basically The Bernank’s Helicopter.
June 10, 2025 at 2:26 PM
4/ Law was the original “Helicopter Ben” or "Money Printer Go Brrr" guy
That windmill on his head? Basically The Bernank’s Helicopter.
That windmill on his head? Basically The Bernank’s Helicopter.
3/ Meet John Law. Seen here feeding gold coins to a man on stage, who then excretes worthless paper stock certificates into the eager hands of the crowd below.
June 10, 2025 at 2:25 PM
3/ Meet John Law. Seen here feeding gold coins to a man on stage, who then excretes worthless paper stock certificates into the eager hands of the crowd below.
2/ This is Arlequin Actionist (an early term for stock shill or grifter)
At the top, an owl passes gas labeled “shares without value”
300 years later, the gas has a ticker symbol $FART and is listed on major crypto exchanges:
At the top, an owl passes gas labeled “shares without value”
300 years later, the gas has a ticker symbol $FART and is listed on major crypto exchanges:
June 10, 2025 at 2:25 PM
2/ This is Arlequin Actionist (an early term for stock shill or grifter)
At the top, an owl passes gas labeled “shares without value”
300 years later, the gas has a ticker symbol $FART and is listed on major crypto exchanges:
At the top, an owl passes gas labeled “shares without value”
300 years later, the gas has a ticker symbol $FART and is listed on major crypto exchanges:
1/ A book called The Great Mirror of Folly captured the madness of the time.
It was written as a warning.
Instead, we used it as an instruction manual.
It was written as a warning.
Instead, we used it as an instruction manual.
June 10, 2025 at 2:24 PM
1/ A book called The Great Mirror of Folly captured the madness of the time.
It was written as a warning.
Instead, we used it as an instruction manual.
It was written as a warning.
Instead, we used it as an instruction manual.
🧵We are living in a rerun
#Fartcoin, #memestocks, #SPAC ’s, #MoneyPrinterGoBRRR, #YOLO trading, #bagholder s...
All were savagely mocked in cartoons drawn
300 years ago
#Fartcoin, #memestocks, #SPAC ’s, #MoneyPrinterGoBRRR, #YOLO trading, #bagholder s...
All were savagely mocked in cartoons drawn
300 years ago
June 10, 2025 at 2:24 PM
🧵We are living in a rerun
#Fartcoin, #memestocks, #SPAC ’s, #MoneyPrinterGoBRRR, #YOLO trading, #bagholder s...
All were savagely mocked in cartoons drawn
300 years ago
#Fartcoin, #memestocks, #SPAC ’s, #MoneyPrinterGoBRRR, #YOLO trading, #bagholder s...
All were savagely mocked in cartoons drawn
300 years ago
Was just looking at this tonight
June 4, 2025 at 12:46 AM
Was just looking at this tonight
What lies ahead is not simply a regime change but rather a fundamental reprogramming of the global economic order. Multiflation represents both the chaotic unwinding of decades of monetary-induced hyperreality and the painful birth of a new reality.
April 8, 2025 at 12:06 AM
What lies ahead is not simply a regime change but rather a fundamental reprogramming of the global economic order. Multiflation represents both the chaotic unwinding of decades of monetary-induced hyperreality and the painful birth of a new reality.
Manufacturing jobs: sharpest YOY drop since '07 (ex-Covid). Higher rates and true consumer demand can’t suport previoius investments. Hits long-term production, exposing cracks in the unsustainable chains built during easy money period.
#Multiflation
#Multiflation
January 13, 2025 at 1:16 PM
Manufacturing jobs: sharpest YOY drop since '07 (ex-Covid). Higher rates and true consumer demand can’t suport previoius investments. Hits long-term production, exposing cracks in the unsustainable chains built during easy money period.
#Multiflation
#Multiflation
Replacing human judgment with AI within the price formation process is corrupting the very information required to sustain our AI progress.
bewaterltd.com/p/the-price-...
December 29, 2024 at 10:33 PM
Replacing human judgment with AI within the price formation process is corrupting the very information required to sustain our AI progress.
bewaterltd.com/p/the-price-...