Mining Ban? Impending Energy Crisis, and Bitcoin Whales on the Move! - Hard Money

Hard Money with Natalie Brunell - Headlines this week include Sam Bankman-Fried's extradition to the US on a record 250 MILLION dollar bail, Binance US purchasing the assets of failed crypto lender Voyager, questions around the health of Binance itself in the wake of the FTX collapse as well as a questionable audit, continued outflows from Binance, Grayscale exploring options to return capital to its investors, the Financial Accounting Standards Board reached an important decision, the Bank of Japan with a surprising change in policy, S&P data suggesting a major downturn in equites, a possible rate increase from the Federal Reserve in early 2023, Mortgage rates at their highest levels in 20 years, increasing credit card debt, strength in luxury retail market, the fate of Elon Musk as Twitter's CEO, and finally, concerns around the relationship between Twitter and the FBI. Plus a preview of Natalie's interview with "Fossil Future" author, Alex Epstein. Watch the full interview with Alex Epstein here: https://www.youtube.com/watch?v=0n6nInK0zHo Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. Hard Money is a production of Swan Studios. Connect with Natalie and Hard Money on Twitter: https://twitter.com/natbrunell https://twitter.com/hardmoneyshow Join us for Pacific Bitcoin Festival 2023! Purchase your tickets now before prices go up: https://PacificBitcoin2023.com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. your first $10 purchase is on us: https://swanbitcoin.com/yt Are you a high net worth individual or do you represent a corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swanbitcoin.com/private Check out the best place for Bitcoin education, Swan Bitcoin's "Bitcoin Canon". Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/  #bitcoin #bitcoinnews #hardmoney

On location at Bitcoin Amsterdam! - Episode 18 of Hard Money with Natalie Brunell - Headlines this week include the latest CPI print, stocks trading down, continued rate hikes from the US Federal Reserve, rapid deprecation in treasury markets and Janet Yellen making an about face with her new concerns, JP Morgan Chase CEO Jamie Dimon's latest comments on the economy, a new EU band on crypto payments to Russian wallets, additional quantitative easing measures for the UK, Paul Tudor Jones on Bitcoin and the economy, the Financial Accounting Standards Board stating that companies should use fair-value accounting for measuring Bitcoin holdings, a new all-time- high for bitcoin mining difficulty. Paypal backtracking, and finally JP Morgan Chase cancelling its relationship with Kanye West. This week's special guest if Christian Keroles, Managing Director of Bitcoin Magazine, and this week's special report shares some highlights from The Bitcoin Conference in Amsterdam put on by Bitcoin Magazine. Chapters: 00:00:00 "Hard Money" Intro 00:00:35 Macroeconomic and Bitcoin Headlines from this Week 00:08:46 Join us at Pacific Bitcoin 00:09:32 Learn about the Fold App and Fold Card 00:09:53 Interview with Christian Keroles of Bitcoin Magazine 00:14:48 Learn about Marathon Bitcoin Mining 00:15:29 Bitcoin Magazine - The Censorship Resistant Issue 00:15:59 Highlight from The Bitcoin Conference Amsterdam - Special Report 00:20:33 "Hard Money" Outro Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. Hard Money is a production of Swan Studios. Connect with Natalie and Hard Money on Twitter: https://twitter.com/natbrunell https://twitter.com/hardmoneyshow Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Purchase your tickets now before the prices go up: https://pacificbitcoin.com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. your first $10 purchase is on us: https://swanbitcoin.com/yt Are you a high net worth individual or do you represent a corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swanbitcoin.com/private Check out the best place for Bitcoin education, Swan Bitcoin's "Bitcoin Canon". Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/ #bitcoin #bitcoinnews #hardmoney

Episode 17 of Hard Money with Natalie Brunell - Headlines this week include aggressive interest rate hikes, commentary from Fed Vice Chairwoman Layl Brainard, a warning from investment strategist Lyn Alden, Ray Dalio stepping down at Bridgewater Associates, ongoing volatility in the credit markets and the recovery of the British pound, concerns over the solvency of Credit Suisse and Deutsche Bank, a warning from the United Nations to the Fed and other cnetral banks, a report from the Financial Stability Oversight Council on the risks of crypto tokens, Kim Kardashian settling with the SEC for her part in promoting EthereumMax, NYDIG raising 720 million dollars for its institutional bitcoin fund, Telefónica in Spain partnering with Bit2Me, Bitcoin hash rate hitting another all time high, an update regarding Celsius founder and former CEO Alex Mashinsky, Ross Ulbricht beginning his 10th year in prison, the new mini-doc "Comeback Country," and a summary of El Salvador President Nayib Bukele's latest op-ed for Bitcoin Magazine. Unfortunately due to Natalie still recovering from laryngitis, this week's episode does not include an interview or Special Report, but we will be back next week with a full episode, and we will be record on location in Amsterdam, for the Bitcoin Amsterdam Conference. Chapters: 00:00:00 "Hard Money" Intro 00:00:35 Macroeconomic and Political Headlines from this Week 00:04:02 Bitcoin Headlines from this Week 00:10:31 "Hard Money" Outro Watch "Comeback Country | The Story of El Salvador" from Bitcoiner Shooter: https://youtu.be/KwC2KwDmpXQ Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. Hard Money is a production of Swan Studios. Connect with Natalie and Hard Money on Twitter: https://twitter.com/natbrunell https://twitter.com/hardmoneyshow Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Purchase your tickets now before the prices go up: https://pacificbitcoin.com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. your first $10 purchase is on us: https://swanbitcoin.com/yt Are you a high net worth individual or do you represent a corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swanbitcoin.com/private Check out the best place for Bitcoin education, Swan Bitcoin's "Bitcoin Canon". Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/  #bitcoin #bitcoinnews #hardmoney

Episode 16 of Hard Money with Natalie Brunell - Headlines this week include intensifying volatility in global financial markets, soaring yields in the bond markets, major selloffs in equities, the Fed's aggressive stance on hiking rates, rising mortgage rates, the British pound plunging to a record low against the US dollar, the election of ultra conservative Girogia Meloni as Italy's new Prime Minister, ruptures in the Nord Stream pipelines likely due to sabotage, Russia granting citizenship to Edward Snowden, Interpol issuing a Red Notice for Terra Luna founder Do Kwon, Alex Mashinsky resigning from Celsius, Federal Reserve Chairman Jerome Powell's criticism of DeFi, Colorado becoming the first US State to allow the payment of taxes in Bitcoin and other cryptocurrencies, and Bitcoin Magazine's upcoming conference in Amsterdam. This week's guest commentator is James Check aka Checkmate, lead on-chain analyst at Glassnode. And for this week's Hard Money Special Report, Natalie spoke to Wyoming Senator, Cynthia Lummis about the regulation of Bitcoin and cryptocurrencies. Chapters: 00:00:00 "Hard Money" Intro 00:00:35 Bitcoin, Macroeconomic and Political Headlines from this Week 00:11:44 Interview with James Check aka Checkmate, from Glassnode 00:21:46 Special Report: Crypto Regulation featuring Senator Cynthia Lummis 00:28:45 "Hard Money" Outro Watch the full interview with Senator Cynthia Lummis on Coin Stories: https://www.youtube.com/watch?v=IvNm3jW_xnY&t=769s Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. Hard Money is a production of Swan Studios.  Connect with Natalie and Hard Money on Twitter: https://twitter.com/natbrunell https://twitter.com/hardmoneyshow Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Purchase your tickets now before the prices go up: https://pacificbitcoin.com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. your first $10 purchase is on us: https://swanbitcoin.com/yt Are you a high net worth individual or do you represent a corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swanbitcoin.com/private Check out the best place for Bitcoin education, Swan Bitcoin's "Bitcoin Canon". Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/ #bitcoin #bitcoinnews #hardmoney

Episode 15 of Hard Money with Natalie Brunell -  Headlines this week include Jerome Powell and the Fed's rate hike, Joe Biden's appearance on 60 Minutes to talk about inflation, comments from legendary investor, Stanley Druckenmiller, alarm bells from the CEO of Fedex, Raj Subramaniam, the incredibly successful (and troubling) track record of US lawmakers who trade in the stock market, "Bank Storming" in Lebanon, The Shanghai Cooperation Organization taking steps to reduce their reliance on the US Dollar, Greenpeace's campaign against Bitcoin, and a bullish Bitcoin price prediction from Bloomberg's Mike McGlone. This week’s guest commentator is Sven Henrich, founder of NorthmanTrader . For this week’s Hard Money Report we examine the origins of the Federal Reserve and its inability to fight inflation and failure as a quasi-government institution meant to achieve maximum employment and price stability. Chapters: 00:00:00 “Hard Money” Intro  00:00:35 Jerome Powell and the Fed Rate Hike, Biden on Inflation, Insider Trading in Congress, Lebanese Banks, El Salvador in the UN, Wall Street Bitcoin Bulls, and other Macro and Bitcoin Headlines 00:09:40 Interview with Sven Henrich, Founder of NorthmanTrader  00:22:56  The Fed: A Banking Cartel Making You Poor - Hard Money Special Report  00:23:06 “Hard Money” Outro Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. Hard Money is a production of Swan Studios. Connect with Natalie and Hard Money on Twitter:  https://twitter.com/natbrunell  https://twitter.com/hardmoneyshow Catch the latest episode of Coinstories with Cem Karsen: https://podcasts.apple.com/us/podcast/cem-karsan-fed-is-making-huge-policy-error/id1569130932?i=1000580064394 Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Purchase your tickets now before prices go up: https://pacificbitcoin.com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Are you a high net worth individual or do you represent corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swanbitcoin.com/private Check out the best place for Bitcoin education, Swan Bitcoin’s “Bitcoin Canon”. Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/

Episode 14 of Hard Money with Natalie Brunell - Headlines this week include the latest CPI print, SEC Chairman Gary Gensler’s recent commentary on the cryptocurrency industry and classification of tokens as securities, Russia potentially accepting Bitcoin and other cryptocurrencies as payment in international trade, Pierre Poilievre’s election as leader of Canada’s conservative party, the Ethereum Merge, Fidelity’s plans to allow trading on its platform, Bitcoin spot ETFs, insider trading at Coinbase, Michael Saylor and Microstrategy making moves to buy even more Bitcoin, Craig Wright and Hodlonaut’s court case in Norway, and Swan Bitcoin launching Swan Advisor Services. This week’s guest commentator is Alyse Killeen, Founder and General Partner at Stillmark. For this week’s Hard Money Report we take a closer look at the food industry, the harm that industrial farming and “Fiat foods” are causing to society, as well as the way some Bitcoiners are trying to change things for the better with regenerative farming and organizations like The Beef Initiative. Chapters: 00:00:00 "Hard Money" Intro 00:00:35 CPI, Gensler's comments on Cryptocurrency, Eth Merge and Pierre Poilievre's election in Canada  00:06:48 Bitcoin Headlines: Fidelity Bitcoin Trading, MicroStrategy's Bitcoin Purchase, Craig Wright vs Hodlnaut and Swan Advisor Services  00:12:36 Alyse Killeen Interview 00:21:33 "Fiat Food"  00:27:21 Macro Update with Andy Edstrom 00:29:40 "Hard Money" Outro Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. Hard Money is a production of Swan Studios. Connect with Natalie and Hard Money on Twitter: https://twitter.com/natbrunell https://twitter.com/hardmoneyshow Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Purchase your tickets now before prices go up: https://pacificbitcoin.com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Are you a high net worth individual or do you represent corporation that might be interest in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth in Bitcoin. Find out more at https://swanbitcoin.com/private Check out the best place for Bitcoin education, Swan Bitcoin's "Bitcoin Canon". Compiling all of the greatest articles, news sources , videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/

Episode 13 of Hard Money with Natalie Brunell - Headlines this week include Russia shutting down the Nord Stream 1 pipeline, new highs in European energy prices, Germany's $65 billion energy relief plan, Russian Legislation to legalize cryptocurrencies for payment in international trade, a new report on the energy implications of crypto-assets from the White House Office of Science and Technology, movement in the OG Bitcoin whale wallets, Poolin's suspension of withdraws, a new report on Bitcoin mining from Arcane Research, Michael Saylor on the Lightning Network, and Prince Phillip of Serbia joins JAN3 as Chief Strategy Officer.  This week's guest commentator is Alex Epstein, author of Fossil Future and the Moral Case for Fossil Fuels. For this week's Hard Money Report we continue our exploration of the ongoing energy crisis and examine how Bitcoin can help to stabilize energy grids and make more for a energy secure future.  Chapters:  00:00:00 "Hard Money" Intro 00:00:35 World Macro News, the ongoing Energy Crisis, and Russian Crypto Regulation  00:02:55 Bitcoin Headlines  00:08:01 Alex Epistein Interview  00:16:33 Impending Energy Crisis: Why Bitcoin Encourages Energy Usage 00:23:06 "Hard Money" Outro  Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. Hard Money is a production of Swan Studios. Connect with Natalie and Hard Money on Twitter: https://twitter.com/natbrunell https://twitter.com/hardmoneyshow Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Purchase your tickets now before prices go up: https://pacificbitcoin.com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Are you a high net worth individual or do you represent corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swanbitcoin.com/private Check out the best place for Bitcoin education, Swan Bitcoin’s “Bitcoin Canon”. Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/

Episode 12 of Hard Money with Natalie Brunell - Headlines this week include Bitcoin’s price drop along with the S&P, expectation of more rate hikes from the Fed, Minneapolis Federal Reserve President, Neel Kashkari’s criticism of Central Bank Digital Currencies, President Joe Biden’s student loan forgiveness plan, the growing energy crisis in Europe, growing pains for Texas Bitcoin miners, concern about the release of 137,000 bitcoin to Mt. Gox Creditors, Sullivan Bank offering Bitcoin services, and Ross Stevens’ announcement of an all new Lightning Network focused accelerator program, Wolf, in New York City. This week’s guest commentator is Caitlin Long, Wall Street veteran, Wyoming resident and founder and CEO of Custodia Bank. For this week’s Hard Money Report we profile Bitcoiners in Austin, Texas and at the BitBlockBoom Conference, highlighting why Texas is so friendly to Bitcoin and why Austin is quickly becoming a Bitcoin capitol city. Chapters: 00:00:00 “Hard Money” Intro 00:00:35 September Effect, CBDCs and Student Loan Forgiveness 00:07:05 Bitcoin Headlines and “In Wolfs Clothing” 00:11:26 Caitlin Long Interview 00:21:09 “Bit Block Boom”, “Bitcoin Commons” and touring Austin, Texas 00:24:41 “Hard Money” Outro Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. Hard Money is a production of Swan Studios. Connect with Natalie and Hard Money on Twitter: https://twitter.com/natbrunell https://twitter.com/hardmoneyshow Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Purchase your tickets now before prices go up: https://pacificbitcoin.com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Are you a high net worth individual or do you represent corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swanbitcoin.com/private Check out the best place for Bitcoin education, Swan Bitcoin’s “Bitcoin Canon”. Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/

Episode 11 of Hard Money with Natalie Brunell - Headlines this week include Jerome Powell's upcoming speech at the annual Jackson Hole Economic Symposium and potential Fed Hawkishness, the decline of the US Bond market, soaring credit card interest rates and overall levels of consumer credit spending, increasing recession indicators in the jobs and housing markets, the ongoing European energy crisis, Bitcoin adoption in the Ukraine and among retailers and consumer and luxury brands, as well as the impending defamation case between Craig Wright and Hodlnaut.  This week's guest commentator is Dr. Jeff Ross, founder and managing director of Vailshire Capital Management. For this week's Hard Money Report we visit the United Kingdom for a profile on Youtuber and Bitcoiner, Mike Still, who travels around the country education people about Bitcoin and trying to give them sats. 00:00:00 "Hard Money" Intro  00:00:35 Powell Speaks, Credit Crunch & EU Energy Crisis  00:06:53 Bitcoin Headlines 00:11:05 Dr. Jeff Ross Interview  00:17:45 Special Report - Bitcoin Adoption with Mike Still 00:22:02 "Hard Money" Outro Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. Hard Money is a production of Swan Studios. Connect with Natalie and Hard Money on Twitter: https://twitter.com/natbrunell https://twitter.com/hardmoneyshow  Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Purchase your tickets now before prices go up: https://www.pacificbitcoin.com  Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://www.swanbitcoin.com/?utm_source=YouTube&utm_campaign=yt_description Are you a high net worth individual or do you represent a corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://www.swanbitcoin.com/private/  Check out the best place for Bitcoin education, Swan Bitcoin's "Bitcoin Canon". Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/

Headlines this week include the latest CPI print, dropping unemployment and the White House’s victory lap, skyrocketing consumer credit, the passing of the Inflation Reduction Act in the US Senate and criticism around the expansion of the IRS, Bitcoin miners forced to sell, Blackrock partnering with Coinbase, the Solana and Nomad hacks, the sanctioning of Tornado Cash by the US Treasury in connection to North Korean money laundering, and Lyn Alden’s latest, in depth-article on the Lightning Network Read Lyn’s Article here: https://www.swanbitcoin.com/a-look-at-the-lightning-network/ This week’s guest commentator is Hailey Lennon, Partner at Anderson Kill Law.. For this week’s Hard Money Report we take a deeper look at hypocrisy among government elites and how Bitcoin will create a new incentive structure with more accountability. Chapters: 00:00:00 “Hard Money” Intro 00:00:35 CPI, Jobs Report & the Inflation Reduction act 00:04:29 Bitcoin Headlines, BlackRock, Lyn Alden Lightning Article & More 00:08:51 Hailey Lennon Interview, Crypto Regulation & Law 00:17:59 Explaining the "Cantillon Effect" 00:24:12 Andy Edstrom Weekly Macro! 00:28:13 “Hard Money” Outro Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world.   Hard Money is a production of Swan Studios. Connect with Natalie and Hard Money on Twitter: https://twitter.com/natbrunell https://twitter.com/hardmoneyshow Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Purchase your tickets now before prices go up: https://www.pacificbitcoin.com Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://www.swanbitcoin.com/?utm_source=YouTube&utm_campaign=yt_description Are you a high net worth individual or do you represent a corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://www.swanbitcoin.com/private/ Check out the best place for Bitcoin education, Swan Bitcoin's "Bitcoin Canon". Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/