July 12, 2017 (9 years ago)

A 22-Year-Old Intern Photobombs the Fed Chair with a "Buy Bitcoin" Sign

He got escorted out of the room within minutes. Seven years later, the sign he scribbled that day sold at auction for over a million dollars of bitcoin.…

2/8 - On July 12, 2017, Janet Yellen, then Chair of the Federal Reserve, was delivering the Fed's semiannual monetary policy testimony to the House Financial Services Committee. Live on television, a young man seated directly behind her held up a handwritten…

3/8 - The sign was Christian Langalis, a 22-year-old intern at the Cato Institute. He had drawn it on a yellow legal pad with a fine-point pen. Committee rules explicitly forbid holding up signs during testimony, and staffers escorted him out shortly after.

4/8 - Langalis said afterward he had no idea it had gone viral. His phone had died before the hearing even started, since he arrived so early to get the seat. He found out what happened only once someone told him after he'd already been walked out of the…

5/8 - Bitcoin moved on the moment. @CoinDesk reported the price climbed to session highs, trading 3.7 percent higher at $2,418.46 by 2:27 PM Eastern, the same afternoon the sign appeared on live television behind the country's top monetary official.

6/8 - The image spread everywhere within hours, becoming one of the most recognizable pieces of Bitcoin folklore from the entire bull run era: a hand-scrawled note interrupting a Federal Reserve hearing, physically inserting Bitcoin into a room built to discuss…

7/8 - Langalis kept the sign in a sock drawer for years. In April 2024, he auctioned it through Scarce City, a bitcoin-only marketplace, at Pubkey Bar in New York. A pseudonymous bidder known as "Squirrekkywrath" won it for 16 BTC, worth roughly 1.03 million…

8/8 - Yellen never mentioned Bitcoin once during that hearing. The sign behind her became more famous than anything she said. Bitcoin has almost nothing physical to point to, and for years, a scrap of legal pad paper was the closest thing it had to a relic.

x.com/i/spaces/1kKzDDLdwzZJv

Taleb descobriu a estatística. E depois construiu patrimônio inteiro ignorando o que isso significa.

A nova bateria nuclear de carbono-14 desenvolvida na China promete energia por milhares de anos. Entenda como funciona e suas aplicações.

Buying Bitcoin here 🔐

Then doing nothing…

O BC quer reter transações de stablecoins por até 24h.

Dizem que é por segurança.

Na prática, é o poder de travar seu fluxo financeiro sob demanda.

Se alguém pode congelar seu saldo sob qualquer pretexto, o dinheiro ainda é seu?

Tem problema que só fica mais caro porque ninguém quis enfrentar quando ainda era pequeno. Adiar uma decisão difícil nem sempre evita sofrimento. Às vezes só aumenta a conta.

Toda intervenção séria traz algum custo imediato. A pergunta que quase ninguém faz é: quanto custa não fazer nada?

É fácil defender uma solução totalmente pacífica quando você está longe das consequências. Difícil é explicar como ela funcionaria na prática.

Nassim Taleb built his reputation on the idea that fragile systems always eventually break.

He called Bitcoin worthless for being too fragile to survive its own volatility.

Fragile turned out to be a relative term.

Former Army tech Larry Johnson has spent his career improving computer and telephone systems so when he saw inefficiencies in how we grow our food, he decided to create a new system for farming your yard. His EZGro garden uses aquaponics, stacked towers,…

Big thank you to DeleteMe for sponsoring this video. Use my link to receive a 20% discount https://joindeleteme.com/Bombal or use the QR Code in the video.

Your phone is becoming the checkpoint.

Governments around the world are pushing age verification…

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