steven
StevenMcClurg

CIO of Valkyrie
#Bitcoin

Public Key

npub1nvxnc8egjlhpqtzrxmav3yk8frf3p7y9wujgwrcgwep2xr77xrvsa0paqn

NIP-05 Address

steven@NostrVerified.com

Profile Code

nprofile1qqsfkrfuru5f0mss93pnd7kgjtr535cslzzhwfy8puy8vs4rpl0rpkgpp4mhxue69uhkummn9ekx7mqprpmhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmdlmgmgc

Publishing to

nos.lol

relay.noswhere.com

Author Public Key

npub1nvxnc8egjlhpqtzrxmav3yk8frf3p7y9wujgwrcgwep2xr77xrvsa0paqn

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Last Notes

2023-09-04 21:33:29

I saw a car swerving wildly on the road in Nashville. I thought she was drunk.
When I got a closer look, she had both hands on her phone and was driving with one bare foot on the wheel.

2023-08-28 22:09:29

Theres a big difference between inflation and CPI
Few...

2023-08-25 21:40:24

We talked about bitcoin, high inflation, and how he wants home ownership accessible to all Americans https://cdn.nostr.build/i/aaed33606bf1861890646b6a5bfe0cbd4cef016d93df143f17218b97660a5d91.jpg

2023-05-23 15:26:12

In this market, I like 6mo T-bills over everything except oil futures.
If US "defaults" then bonds rally.

2023-05-23 02:06:56

Happy pizza day.
I had pizza yesterday, so ate tacos today instead. Kinda messed up my Tuesday meal too.

2023-05-16 18:47:27

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Specifically Joes

2023-05-16 18:43:40

Its going to be a big week in Miami

2023-03-20 01:09:58

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But a few are learning quickly...

2023-03-20 01:04:06

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Every Swiss Bank wish their deposits were Bitcoin

2023-03-20 00:47:31

Everyone in crypto have become Swiss Bank experts

2023-03-18 16:42:09

We now go into an era of high inflation and zombie banks.
-Banks that should fail will survive, and look like the airline industry. No need for efficiency or good customer service.
-Fed balance sheet grows to support inefficient banks, taxing us all through inflation.
Bitcoin is the Way

2023-03-17 13:23:32

All US residents were taxed to bail out the banks. Not through a traditional "tax" that only the middle class and rich bear the brunt of.
The tax was through the inflation that is being created through the $300B in loans added to the Fed's balance sheet in the last week...
Something I wrote a few years ago:
https://open.substack.com/pub/valkyrie/p/federal-reserve-policy-is-flawed?utm_source=direct&utm_campaign=post&utm_medium=web

2023-03-11 01:56:30

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Four Roses also for cocktails

2023-03-11 00:23:04

I'm hearing from people that circle is now throttling on-chain transfers of USDC - estimating 48 hours. I remember hearing reports of Celsius doing the same days before they imploded...
Time to get put of that USDC shitcoin and into bitcoin.
Just verified with the CEO of Bitcoin; the network still running like clockwork/no throttles.

2023-03-10 22:12:59

Seriously, zaps are more powerful than likes.
Humbled by the number of zaps I get.
Sorry to say I don't stack those sats; I send the love around through zapping others and supporting bitcoin businesses like Bitcoin Park

2023-03-10 22:10:28

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Should be B-

2023-03-10 20:40:22

Adding banks to the list of counterparties we avoided or had limited exposure to:
Valkyrie never had exposure to SVB, Silvergate, nor First Republic Bank.
Have limited exposure (well under FDIC limits) to Signature (they were one of our redundancy measures)
And yes, I said First Republic. They are similar in scope to SVB, but better diversified. We will wait and see on that one...

2023-03-10 14:11:56

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Here is something I posted on an internal channel in June that we can discuss (I cant seem to post a screenshoot in Nostr, sorry):
Banks may be in more trouble than the rest of the markets think.
Most banks have been holding MBS on their balance sheets to generate yield. These securities probably yielding 2-3.5% (the more senior tranches) and have 7 year expected WALs. In rising rate environments, people don't re-fi nor move as much. This extends life of MBS. Also rates are at 6% + now. So these holdings have decreased in price- about 10%. If banks sell these holdings, they are at losses.
Many regional banks have also taken up venture lending, given the higher rates these lines of credit can command. I've seen 9-12% - imagine if you will a blockchain startup taking a loan and buying say, Avax or ETH heavily on their balance sheets because they are in that ecosystem. Not too crazy to imagine someone doing that. I just spoke to an entrepreneur in the NFT space that raised $1mm, and spent $700k on JPEGs just to get in the clubs. I imagine some of those venture loans might be in trouble.

2023-03-09 14:24:33

Bitcoin Park such an amazing hub in Nashville. #[0] and Rod have done a great job curating good people and a beautiful location.
Bitcoiners all over the world stop in and hang out. Nothing like it.

2023-02-25 16:39:42

#[0] interview of Sonnenshein will go down as most legendary bitcoin podcast in last decade. It must be watched from the beginning.

2023-02-24 00:24:32

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I seriously love zapping Sats, but hard knowing that NGU from here.
Whatever, zapping my girl anyway

2023-02-24 00:21:03

We still have macro headwinds this year, but does it really matter if you are buying bitcoin for $23k today, even if it goes a little lower? We are in bottom range.
This is the accumulation zone.

2023-02-23 00:38:53

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Solid business plan.
Can’t wait to see this

2023-02-22 02:50:59

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No, but it should

2023-02-22 02:41:48

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Close enough

2023-02-22 01:46:08

Got a great rundown on lightening wallets today:
WOS is definitely the easiest to use on NOSTR. But due to its highly centralized nature, could get users rugged.
If you stack more Sats you are willing to loose, move to your hardware wallets often.

2023-02-20 17:30:55

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Truth Social was not a terrible idea, but NOSTR has made it and any other potential competitors completely irrelevant.
It’s like launching another Facebook today, hoping to pick up the last remaining boomers

2023-02-20 13:44:11

Who are some bitcoin core devs here that I can Zap today?

2023-02-20 01:48:55

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Smart money sells treasuries like this if expectation that yields are going much higher. Right now risk markets expect Fed to slow down then pivot this year.
Bonds tell a different story.
Sell ahead of rising yields, buy back when Fed is done.

2023-02-20 00:20:44

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I sent from Phoenix to WOS

2023-02-20 00:19:39

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Happy to. Sending you 42 Sats now. (Odd lots good for testing)

2023-02-20 00:19:00

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Yep, tested a few times. Seems right

2023-02-20 00:02:58

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What are the steps to get to the URL and not the invoice?

2023-02-20 00:01:23

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Not sure if boomers are going to pay that to verify that the person they are chatting with on Facebook was actually their high school hookups…

2023-02-19 23:30:53

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I recieved 99 Sats, but I think from TitoBTC
For WOS, surely you don’t have to constantly generate new wallets…
I went to Receive/Lightning Address/Copied LN URL

2023-02-19 23:07:11

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Ok, I gave up and created Wallet of Satoshi wallet. Almost seems to easy?

2023-02-19 22:40:27

I’ve never really used the strike wallet I set up.
But after playing around with it today to try to add it NOSTR, I now don’t understand strike at all.
An inferior version of Venmo? My only option to accept Sats instantly converts to $$. I don’t want that.
Something I don’t know?
I guess I’ll try Wallet of Satoshi

2023-02-19 18:53:04

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Try again, looks like it is working…

2023-02-19 18:52:43

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Thanks! Looks like this is the first zap I received, so my lighting wallet working properly (others have sent and transactions failed)

2023-02-19 16:54:30

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Just zapped you.
Still working on mine.

2023-02-19 15:45:37

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3 of my 5 accomplishments came with your help. Thanks!

2023-02-19 15:25:08

Day 1 on NOSTR:
Got a profile pic, zapped others, sent lighting invoices and received Sats, got NOSTR verified, reposted with comments
Day 2 goals:
Properly connect Lighting wallet to receive Zaps

2023-02-19 03:22:06

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Learning from Preston
#[0]

2023-02-19 00:56:48

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I appreciate you helping me test this amazing new freedom tool!

2023-02-18 21:38:34

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Lol yes

2023-02-18 18:11:53

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-128bps spread is brutal on the 3mo 10s spread: More of a look at where today/ shorter term market is rather a predictor of pain like 2s 10s

2023-02-18 14:42:01

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More important is the 2s 10s curve inversion…-81 bps
Best indication of recession

2023-02-18 14:12:33

Just started