Building with Bitcoin and Lightning ⚡ Co-founder of Apollo @thomas_fahrer on Twitter
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npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 Show more details
Published at
2023-04-20T14:10:06+02:00 Event JSON
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Last Notes npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer In bear markets, we build. And that's exactly what we've been up to at Apollo We've designed a tool to help you discover and compare Bitcoin exchanges/on-ramps based on location, features, and customer reviews. Would love to hear your thoughts. https://heyapollo.com/buy-bitcoin npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Next generation won't be buying Bitcoin, they will be earning it npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer As is often the case, we are navigating by the stars under cloudy skies https://cdn.nostr.build/i/10e58773d1af9c4cddc9b95f01299e561745b9dff36ea5b3db1c42b54d1d1017.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer The internet is an expanding universe in every direction and we've got a million problems to solve for people in every part of the world. The internet knows no borders. To provide services to users from the US to China, Australia to Brazil - I must be able to seamlessly transfer and receive value universally. The world doesn't call for 100 monetary systems. It demands just one—apolitical, scalable, and accessible to anyone with a mobile phone. That's Bitcoin npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Decades of work, dozens of attempts to find peer-to-peer cash. They all failed. Then came Bitcoin. 15 years and over 20,000 attempts to compete with it later. They also failed. Bitcoin stands alone: The pinnacle of money. The Apex asset. Pristine. Perfect. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer You save in bitcoin isn't that risky? Anyway, come to my housewarming party. I've just 10X leveraged my life savings with a variable interest rate loan. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Out of the 7 billion individuals on Earth, only a fraction truly grasp the inherent fraud and corruption embedded within our legacy financial system. Even fewer have the blend of knowledge of history and technology required to truly understand why Bitcoin is the definitive solution. This means that if you’re one of the prescient few who actually get it, and you have the courage of your convictions to take these ideas to their logical conclusion, you are operating on the absolute bleeding edge of human knowledge. I don’t know what’s going to happen to the Bitcoin price tomorrow or even next year, but the only thing I really care about is, is Bitcoin the truth? The truth is all that matters. Over time, the universe will always find a way to reward those who understand it and punish those who do not. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer When fiat blows up every person is going to be using Bitcoin whether they like it or not. Unless you want to be Henry David Thoreau living a life in the woods. You better get used to the idea of transacting with Bitcoin. And clearly early adopters are the winners. The losers are the people that need to be saving in Bitcoin and are either in denial and they're hoping that this is not going to happen or they're just incapable of managing sovereign money. You have to be prepared for a world where every country is Argentina. All fiat is backed by the same stuff. They all have a shelf life. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Bitcoin was a Billion dollar network a decade ago and now it's 500 Billion. If you ask me it’s going to 100 Trillion. Whoever is selling right now must be a fool, or they've no idea what they own. This is a money that'll be used by 8 Billion people. You just get it or you don’t. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Bitcoin is only ever one meme away from all time high. I believe this. https://cdn.nostr.build/i/8e65428ba02c285e4b4806ce02b38ae736352b0bb6a0b43554276871c8ed619d.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Most of the people with more money and less knowledge than you, think Bitcoin is dead or irrelevant. Their misunderstanding is your opportunity. Buy their Bitcoin today, and one day, they will seek your knowledge. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer #Bitcoin is 15 years old and feels incredibly young. The Euro, only 24, feels like it's about to die. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer We're at that point in the cycle where the people who got REKT playing 'Next Bitcoin' two years ago, are starting to connect the dots. When #Bitcoin hits its next ATH, it'll all make sense - and that's when the frenzy begins again. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer "Worldcoin is just made up money with built in surveillance tech" Central Banks: https://cdn.nostr.build/i/4ded91f1082422d21d2906da9b86fa4c9e43115572f5357fa430fad968ead507.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer So many new lightning based companies really have nothing to do with speculating on #Bitcoin’s price. It’s really about using technology to do something better. And ironically, that's what will fuel the next bull market. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Sam Altman checking in with his lawyer https://cdn.nostr.build/i/aefa765861afa3a44646a0f9a1c34796aff2a8e62f0c91cb9c34b88ee6111240.png npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Thanks Rob really appreciate you taking the time to read it npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Currency debasement is a silent thief. It quietly erodes the value of people's labor, degrading the purchasing power of the average individual. Yet, this process is so subtle that most people don't immediately notice its impact. Many people understand that something is amiss, but they often overlook a potential solution: Bitcoin. Some see it only as a speculative, high-risk asset, while in reality, it holds far more value as a decentralized and deflationary form of currency. Monetization of any new medium of exchange isn't an overnight event. Look at gold, which took thousands of years to be globally accepted as a reliable store of value. Patience is important, even if the process feels painfully slow, especially to those who understand how important this is to the world. Bitcoin, with its predictable, finite supply, and the ability to be held and controlled without the need for intermediaries, fixes so many of the problems we’ve seen with gold - and the deleterious effects of a growing money supply. As people grow more dissatisfied with the effects of their ever weakening money, the shift towards a decentralized, deflationary currency system will become more and more appealing. I firmly believe this. The real challenge now is acceleration. We need to speed up the collective understanding and acceptance of Bitcoin. But how do we accomplish this? The answer, I believe, lies in placing Bitcoin into as many hands as possible, and doing so quickly. Comprehending Bitcoin's significance is crucial, but spurring action necessitates motivation. There's no better incentive to study Bitcoin than owning a piece of the network. So, how can we expand Bitcoin's ownership? Here's where Bitcoin's Lightning Network, its second layer solution, plays a pivotal role. Imagine turning every single online interaction into an opportunity to earn Bitcoin, no matter how small the action might be. For instance, consider a popular streaming service. Normally, users pay a monthly subscription to access the content, and their interaction ends there. But what if we flipped the script? What if, for every review a user writes for a series or movie they've watched, they receive a small amount of Bitcoin in return? It’s not just rewarding consumer engagement, it's turning it into a fun, gamified experience. The same could apply to countless other online activities: signing up for newsletters, participating in online polls, or even engaging with social media posts. These are activities that millions of people do every day, often for free. But the Lightning Network makes it possible to reward these interactions with Bitcoin micro-transactions, effectively distributing Bitcoin into more hands, bit by bit (satoshi by satoshi). The result? A win-win-win situation. Businesses gain from increased user engagement, users are rewarded for their time and effort, and the Bitcoin network benefits from broader adoption. This not only makes everyday online tasks more exciting, but it also paves the way for a new era of internet economics, where users can gain real financial value from their digital footprint After all, online data is valuable, so why shouldn't the individuals creating it reap some of the benefits? By compensating user engagement with Bitcoin, businesses can set in motion a virtuous cycle of adoption then education. I am consumed by the idea that simple practical use cases can nudge humanity towards #Bitcoin. This is the mission that I'm focused upon. This is what I believe will ultimately catalyze the widespread adoption of Bitcoin. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer If you know people concerned about #Bitcoin's volatility please let them know the problem goes away when the price reaches $10-20 Million npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Sometimes I sit and wonder... Is #Bitcoin going to outlive humanity? I'm not sure. But I'm damn sure it's going to outlive Central Banking npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer How to explain XRP to new Bitcoiners: Imagine if Satoshi: 💩 Manufactured all 21M #Bitcoin on creation 💩 Kept 13M for himself 💩 Kept transaction validation to himself and a few friends npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer #Bitcoin fixes product reviews https://nostr.build/i/303459b012af88f5fd6af8195de77c1b09b863312c499fe5bd21c177d91c57ec.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Buy as much bitcoin as you can while boomers still misunderstand it. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Wally is a marketing maestro. He finds unconventional solutions to boost customer engagement. He’s found another hair on fire good idea. Using The Lightning Network. Lightning network enables instantaneous micro-transactions of #Bitcoin with barely any fees, Wally’s mind races with ways to incorporate it into his marketing arsenal. Reviews & Ratings: Imagine incentivizing customers to write reviews and ratings with instant Bitcoin rewards. Each constructive review could be rewarded with a Bitcoin micro-transaction, encouraging more customers to voice their opinions. This could supercharge customer participation and provide valuable insights for Wally’s company. Surveys: Wally dreams of transforming the traditionally tedious task of filling out surveys into an exciting opportunity. By offering instant Bitcoin rewards for every completed survey, he could motivate customers to provide detailed feedback. This would not only boost response rates but also provide an in-depth understanding of customer needs and expectations. Customer Loyalty Programs: Wally considers replacing conventional loyalty points with micro-Bitcoin rewards. Each purchase, referral, or interaction would earn customers Bitcoin fractions, making the loyalty program a thrilling prospect and ensuring long-term customer retention. Customer Acquisition: Wally realizes that referral bonuses paid out in Bitcoin could attract a new tech-savvy demographic. The promise of earning Bitcoin could turn existing customers into brand ambassadors, accelerating customer acquisition rates. Wally is giddy. The Lightning Network isn't just a tool; for Wally, it's a beacon lighting the path towards a truly connected, engaged, and rewarded customer base. Now he just needs to orange pill his product team. http://nostr.build/i/69dc98f92481a44710877c5eeedc5d97baba1f383218f537a107344d30b96978.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Good luck on your travels down the #Bitcoin rabbit hole. http://nostr.build/i/d73aa42c5a8a65687bbfd32a520a382f164bb456a7550d5ac23c23817e426048.png npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Bitcoin knocks on the door and the world says, "Go away, I'm looking for the truth." Silence. #Bitcoin knocks again. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer I was being generous but lol yeah you're right npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Ethereum is a $220B company with a seed stage product npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Dollar: In Powell We Trust Ruble: In Putin We Trust Ethereum: In Vitalik We Trust #Bitcoin : In Math We Trust npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Six years ago this week. BTC price was ~ $2400 One for the history books. https://nostr.build/i/e6863de701cc78e27804464e64aa6283c89616aa1503ea88e44d29accef7a144.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Do you ever wonder why they print money? - To keep the economy running? Money printing gets you high. In a crisis, they flood the market with currency, making you feel rich. Suddenly, you become euphoric, docile, as if the problems are solved. You accept their control. https://nostr.build/i/97f860f68f2291eb22fd66327d2d19a6838bccc1904b84936aa6af0a1392bb29.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Lol npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Larry's intuition might be Bitcoin only but he doesn't want to say it outloud because he doesn't want so seem like a dumbass again after dismissing Bitcoin years ago. Once he's done more research he'll be able to confidently yeah Bitcoin only - none of that other bullshit. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer As the Bitcoin guru Larry Fink articulated, the foundation for savings & retirement is Hope. To check if you have any rationale for hope - Here are 13 Red Flags to look for in your local fiat currency: 1) Unaccountable Creation: Is the currency created out of thin air by unaccountable bureaucrats? 🚩 2) Fractional Reserve Banking: Do “Too Big to Fail” banks loan out the savings of their clients while barely keeping a fraction in reserve? 🚩 3) Inflation measurement: Is inflation measured by a government stipulated basket of goods, with no relevance to your actual life? 🚩 4) Housing Affordability: Are the generations expected to be the engine of the economy over the next several decades priced out of owning their own home? 🚩 5) Tax base mental health: Is an increasingly large proportion of the population unsure / unable to confidently state whether they are in fact male or female? 🚩 6) CBDC Risk: Is the government seeking / investigating absolute control over payments made within their borders? 🚩 7) History of unethical behavior: Has your government recently imposed lockdowns or unethical mandates?🚩 8) Frequent Banking Crises: Is the country perpetually experiencing banking crises that require new & inventive government tools to resolve? 🚩 9) Putin's Price Hike: Are foreign leaders on the other side of the planet responsible for the currency's inflation? 🚩 10) Climate Scapegoat: Is the weather to blame for rising prices?🚩 11) Unrealised Loss Powder Keg: Has local currency interest rates spiked triggering catastrophic unrealised losses in government bonds for banks & insurance companies? 🚩 12) Sovereign Debt Levels: Is your country already within a debt spiral where it can only pay off its existing debt, by adding more debt? 🚩 13) Competition: Is there a decentralized, permissionless monetary network with a fixed supply, building network effects globally, competing with your currency? 🚩🚩🚩 If any of these apply to your local fiat currency, the smartest move is likely to be dumping it in favor of Bitcoin npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer They started a revolutionary war over a 3% tea tax, and most people won’t buy Bitcoin until the government approves an ETF and Blackrock blesses it with a high ESG score (both of which will happen soon). We live in the most soy era imaginable. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer If you manage to avoid being poor after income tax, payroll tax, goods & service tax, land tax & capital gains tax. You're a fucking hero. But they're still going to get you by printing the money into oblivion. Bitcoin is the only escape hatch. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer How to stack a filthy amount of Bitcoin over the next decade. Find a company that has: 1. A lot of profit 2. Doesn't use the lightning Network Go compete with them. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Bitcoin wins even from a human capital perspective. There are no fiat advocates, and there is no fiat constituency. It’s just a decaying system slowly collapsing in on itself, with mostly disinterested onlookers. Most Bitcoiners I know are obsessed and will happily devote their life to it. Myself included. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Hal Finney predicted a single bitcoin will be worth $10 million within one week of the Genesis block & you think the yearly high is in because of Bitcoin's price volatility in 2019. You're not bullish enough. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer #Bitcoin is the People’s Money; it is a valuable commodity that has developed, on the free market because it is infinitely HARD MONEY. The hard-money status of Bitcoin stems from its scarcity. Its production is challenging and costly, and this difficulty grows exponentially over time. Today, Bitcoin is over 50 trillion times harder to produce than when it was first created. Proof of work is fundamental to this, and there is nothing in the digital or physical world which can compete with Bitcoin. Because of this, Bitcoin is slowly but surely absorbing the world's monetary value, and there may come a point when this process accelerates rapidly. History has taught us an inescapable lesson: it's impossible to shield yourself from the impact of others owning money that is harder than yours. If you don't own Bitcoin, how will your wealth stand up to the hardest money in existence? npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Yesterday, I had one of those paradigm-shifting moments, the kind where I felt like I'd glimpsed the future. It started with a scan of my twitter feed, where I came across a video of Chrstine Lagarde telling me Climate change is the cause of inflation. Then, I stumbled upon a discourse about Nassim Taleb’s crying rant that Bitcoin is just a cult and how central banks are actually the good guys because we have control of them. Who is ‘We’ Mr Taleb? My eureka moment came when I remembered that Bitcoin is going to expose these ‘leaders’ as complete fraud, and optimistically, I think we’re almost there. I believe that Bitcoin is on a journey to redefine the very concept of money. And when it does, it's going to make these clowns irrelevant. The problem is that our leaders, at least the vast majority, cling to the old structures, because their careers would crumble without them. I’ll grant that Taleb’s rant about bitcoin isn’t completely retarded like say Christine’s, because it is objectively true that none of us look at Bitcoin like it’s mere currency. Yes, it's a radical shift in how we operate. It’s incredibly freeing - the ability to simply save your money instead of moonlighting as a part time hedge fund manager. But it's not just our financial lives that need an overhaul. The world is constantly tossing us 'black pills,' and I, for one, am ready for a beacon of hope. I've grown weary of the self-serving lizards in power and the realization that as long as they have unfettered access to the money printer, meaningful change seems unlikely. That’s why I’m excited about a bright orange future that strips away the corrupted and poisonous institutions running our society today. It’s more than just hope, though. I predict that the public's patience with narratives like 'climate change causing inflation' is wearing thin. People are discontent and craving something new. I think Bitcoin will be that 'new,' and I can’t wait to see it happen. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer https://nostr.build/i/ae74b5ef71705a548817b58767c735eb4cab7f6f1f8e15fd2f72566bd6e68ac6.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Buy bitcoin https://nostr.build/i/c2b28bb95dfbe85213be759d97c8782003ff4579678b593e9c16f7281599ae0f.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Bitcoin's value proposition: 1) Protect your wealth from being stolen 2) Transfer your wealth without anyone's permisson It's Freedom & Property rights. You either love it, or you're a communist. Simple. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer https://nostr.build/i/df381b2f3a03ddd025be53493761b2c89bd2910455bb41072cbd3eef35037c22.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Through the sheer force of conviction and basic maths on our side; we're going to meme Bitcoin into becoming the world's reserve currency. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Some personal news: I’m really fucking bullish on Bitcoin npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Predicting rain doesn't count. Building an ark does. That's what makes #Bitcoin different https://nostr.build/i/a109fed97764541fb20ec415cdffb8a6a597ee1c89cf3b2b17d5ee9fea5359d8.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer I've spent years of my life looking at Bitcoin and I've come to the conclusion that the price is only ever doing one of two things. Going up, or preparing to go up. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer You don't 51% attack #Bitcoin Bitcoin 51% attacks you https://nostr.build/i/a06bea229fa5fbb08900ff6d0563d539cc89808afd53dd86424fe23c17d348c7.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer History is littered with the skeletons of thousands of fiat currencies. Every one faces the same dead end. The modern experience is nothing out of the ordinary, except it's at a larger scale, and when the bubble bursts you can escape the splatter zone with Bitcoin npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer #Bitcoin only https://nostr.build/i/2ca512a8187e147b207dd52206d90056701159b8621674ca9a1a02c9ee2095cb.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Australian Pension System: Pay a financial advisor so they can advise you on your superfund who will pay an in-house team to search for a consultant who's specially is finding you an asset consultant. The asset consultants speciality is finding you funds. These funds are specialised in finding managers and these managers will invest in a portfolio of stocks almost indistinguishable from their index benchmark. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Almost Charlie. https://nostr.build/i/a0862453c84eeb83450a333d19932645f0baf6306fca8d7eb86980ed26ef9aa2.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer People hate how easy it is to make #Bitcoin maxis happy: Central Banks - Dead Ethereum - Dead Oils - Unseeded Bitcoin Price - Moon Custody - Self npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer There's no better #Bitcoin strategy https://nostr.build/i/698f6148e1ab945042a46ddbacb31f9748942f610c52ffc2aee3e1930907c59f.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer https://nostr.build/i/aefb905986bea16f9a4fbb846e7559dfceb8253063bdce52f725de7b1f8b7ace.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer "Pleeeeese, we need regulatory clarity." "Everything other than #Bitcoin is a security" https://nostr.build/i/73d48efaa1f93e1bfb8e15a8352d1e123b45531dcb2ed4a6e374f2c0b21718f8.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Make yourself strong and ready for a mission. Never lose sight of that specific mission. Spend your time studying history and don’t be naive. With Bitcoin you have freedom and power and there is no substitute for the real thing. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Yeah its a really good point you make. At the moment we do have the ability to comment on reviews so that's one way to add an update for now. I agree tho, we do need better ways for people to amend / update their opinions as products change npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer If you build in #Bitcoin and share your vision with other Bitcoiners it's amazing how often the response you'll get is "How can I help?" npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer A stern letter from a 3 letter agency could take out most of crypto but stopping #Bitcoin is about as easy as stopping the internet. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Keep it Simple. Stack Sats. https://nostr.build/i/6893aed21cf857056946ab56ad4cb130aa1c8d0e8996b837df88bd74e08c2e73.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Bitcoin is to saving what the infinite scroll is to social media usage. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer What do you mean Bitcoin fixes this? Me: https://nostr.build/i/0f11eec7b0de8b726be4caf5d2e90a466595d33939144369e0f59019f4af9f71.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer #Bitcoin is 10% of the way throught it's reward era. This is still the first innings. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Spend less than you make and patiently save in #Bitcoin https://nostr.build/i/b00e0b4f4cc16b032003bab8639361139db544a090648c6ce72e3771e6acd363.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer My #Bitcoin thesis: The quicker you want something, the easier you are to manipulate. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Keep an open-mind about the possibility that all crypto assets are trending to zero vs #Bitcoin npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Saving in #Bitcoin is like having a long term commited relationship with the person you love. Shitcoin trading is like having random hookups with chicks you meet outside an STD clinic. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Cool answer its definitely made me think more long term npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer lol npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer People get histrionic about Bitcoin because it's value is subjective. It is inherently emotional. How does Bitcoin make you feel? npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Mmm i guess its hard to tell from social media noise npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer The Bitcoin community is currently divided over 'inscriptions', marking the most significant split since the block size wars of years past. This division carries weight because Bitcoin's value is fundamentally rooted in the collective agreement of its participants. The Bitcoin token itself doesn't possess inherent tangible value - it's simply a digitized number in a ledger. Its value is derived from the social layer, the shared agreement among users that this token holds value. Bitcoin's economic viability rests on this social consensus. The software of Bitcoin, with its mutually agreed-upon rules, automates this social contract. When the software and social layers synchronize, the network thrives. Without this social consensus, any deviation merely leads to self-eviction from the network. Forking Bitcoin is akin to a constitutional amendment — it demands convincing a significant number of people that the new ruleset will better serve their interests. No small feat. Convincing some people of your amendment while failing to persuade others can result in a hard-fork. While some Bitcoiners view this as an opportunity to increase their share of the "real Bitcoin" by selling the opposing fork, it's important to take a broader perspective. A community split extends beyond the creation of a new token or blockchain. It fragments our collective power, the very power that has catapulted Bitcoin from obscurity to a globally recognized alternative to fiat currency. It's often overlooked that Bitcoiners find common ground on the most critical issues. We are united in our belief in a decentralized, censorship-resistant, P2P currency that operates free from the influence of central banks and governments Many people are capable of contributing to this mission, and we're better off collectively working together than ostracizing people to leave the network. Ultimately it's a good thing for everyone if they can 'have fun' using Bitcoin. Even if they used to play with altcoins Yes, using the main chain comes with a high cost, and we know it's going to get more expensive following hyperbitcoinization. This challenge is what can and will push more people onto layer twos. Good. It's time to work on lightning ⚡️ npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer The next Bitcoin is #Bitcoin https://i.imgur.com/uaIOdai.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer How many banks need to fail before #Bitcoin moves from a luxury to a necessity? npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Thanks! npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Since discovery, #Bitcoin's predominant use case has been as a scarce digital commodity, akin to digital gold. What's underappreciated, is that the growth & adoption of the lightning Network is opening up new possibilities to build amazing Bitcoin based products. From gaming and social networking to remittance payments, these niche markets are where the new opportunites exist for #Bitcoin entrepreneurs. This is to say the #Bitcoin industry offers a “Long Tail” where exchanges serve the commodity demand. This is the"head" of the distribution curve and the long tail represents a large number of niche offerings catering to specific needs. In this article I explore Bitcoin's long tail by looking at the diverse range of niche opportunities and use cases for #Bitcoin that go beyond it's role as a store of value. https://learn.heyapollo.com/blog/the-long-tail-of-bitcoin-uncovering-niche-opportunities-in-bitcoin npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer If you're a Nostr user, you've likely already set up a lightning address to receive Zaps. If you're like most nostr users you probably zap and receive sats through custodial a lightning wallet provider. Did you know that there are convenient service providers that can help you maintain complete self-custody of your funds while you enjoy the fun of zaps on nostr? This article will walk you through setting up your own Lightning node on Voltage and connecting it to Nostr, allowing you to send and receive payments securely and without the need for a custodial solution. https://learn.heyapollo.com/blog/mastering-zaps-on-nostr-linking-to-your-own-lightning-node-with-voltage npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Bitcoin mining is once again in the spotlight in the United States following a New York Times report titled "The Real-World Costs of the Digital Race for Bitcoin" just a few weeks ago and the White House's subsequent proposal for a 30% tax on Bitcoin mining. https://learn.heyapollo.com/blog/the-power-of-bitcoins-difficulty-adjustment-maintaining-a-robust-network-in-the-face-of-adversity npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Satoshi wrote without any hype. He offered a solution for peer to peer electronic cash then gave us so much more. Complete opposite of Ethereum marketing deparment which sold a world computer then gave us so much less. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Generating random numbers is difficult. Cloudflare a company that 80% of the internet relies on, literally uses a wall of lava lamps to help them do it. https://bit.ly/3Lmuzwx npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer I recently discovered preturnio, a bitcoin search engine designed to find plain text within transactions. Bitcoiners have been storing messages in OP_Return data since 2014, so there's a fair bit of history here. I've written my review on Apollo and I'm curious to hear what others think https://heyapollo.com/product/preturnio npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Ray Dalio prefers the Yuan to #Bitcoin because his vision of the future is literally https://nostr.build/i/nostr.build_5a5418b3e693330c30fcce7b9e416cdac62ae5e888ef99dedc7fb4f60c17ff99.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Time is Money & Bitcoin is Money. Therefore Bitcoin is Time https://bit.ly/3HjO5sc npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Bitcoiners prefer: The finite to the infinite. The measurable to the unmeasurable. Encrypted savings to trust me bro savings. Rules to rulers. Eventually, everyone will too. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer 2 + 2 = 4 kind of math npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Basic math is a requirement. #Bitcoin https://i.imgur.com/1wFObgU.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Yes we made you poor. Accept it. I find your lack of faith disturbing. https://nostr.build/i/nostr.build_ec5a2f434ffcb8a8a5b866968065c9a3421fa5a1f34fe29209184dcf5b6fabf2.jpg npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer #Bitcoin has a history of prioritising decentralization over rapid adoption or short-term gains. Yet we see on nostr 91% of Zaps are from custodial wallets. Are we compromising Bitcoin's core values, or is it a justifiable trade-off? https://learn.heyapollo.com/blog/centralization-in-the-lightning-network-are-we-trading-away-bitcoins-core-values npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer 😅 npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Its going to be fun to look back on these years when we're older. Ah yes, that time we front ran 99% of institutional money in the biggest monetary revolution in history. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer https://nostr.build/i/nostr.build_61cee9b21d6d0fbcf6e62f9a088931b7ededa97c0c65a5ec66ee3602a8eeadd3.png npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Heh thats the idea npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer How much #Bitcoin needs to sit on the lightning network to support a Bitcoin Standard? The network's capacity is currently growing at ~ 50% year-on-year. Is this enough to support a #Bitcoin Standard in twenty years? I'm tackling these questions here. https://learn.heyapollo.com/blog/the-lightning-networks-path-to-a-global-bitcoin-standard-are-we-on-the-right-track npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer Sometimes I just sit and wonder... how the fuck did Satoshi get #Bitcoin so right? npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer You get rekt trading shitcoins trying to build a bigger stack. npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer You take the 🟢💊, the story ends, you wake up in your bed and believe whatever you want to believe. You take the 🟠💊 and I show you how deep the rabbit hole goes. https://nostr.build/i/nostr.build_2e6f2c852179fd47f993d82a2cf3144153c43eac3084b4cb1251e8d72136af95.png npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7 thomas_fahrer The story of money is, the story of humans moving value through space and time. This story tracks our ingenuity and drive to overcome the limitations of barter, trust, and distance. We've come a long way from primitive collectibles to #Bitcoin https://learn.heyapollo.com/blog/the-origins-of-money-its-evolution-and-why-bitcoin-is-the-perfect-money