The Big Gunt
Satoshis Nephew

FTCB! Golf and Bitcoin

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npub1r9rkzmcv3qqw2lz8u8pkxd5djnvm40khzcehdryu9405spjhe2hs54twmh

NIP-57 Address

Profile Code

nprofile1qqspj3mpduxgsq8903r7rsmrx6xefkd6hmt3vvmk3jwz6h6gqetu4tcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsayfwv9

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relay.damus.io

nos.lol

Author Public Key

npub1r9rkzmcv3qqw2lz8u8pkxd5djnvm40khzcehdryu9405spjhe2hs54twmh

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Last Notes

2024-08-27 13:27:00

- reply

Unbelievable that you bought in 2013! How did you buy it? Mt Gox or p2p - always interested how the OGs did it back then 🙏

2024-07-30 19:26:45

1. Security from loss and theft – Primarily meaning you could carry it with you and hide it easily (portability)
2. Difficult to produce – The effort to create money would be costly, thus making it scarce.
3. Simple to measure through observation – Allowing amounts of it to be easily added or subtracted, creating divisibility.

2024-07-30 19:23:26

The 3 Functions of Money:
1. Store of value – maintains its value over time.
2. Medium of exchange – is used in indirect exchange for the
purpose of exchanging it again, rather than consuming it.
3. Unit of account – is used as a common unit of measurement
to determine the market value of goods and services.
#bitcoin

2024-07-04 08:33:12

Bitcoin haters, it is very simple
If all governments stop inflating and censoring money, then we won’t need Bitcoin and people will stop feeding it electricity and it will die
….Your call on what governments are going to do.. @npub1trr…hdpu

2024-07-03 21:20:28

Most people in the investing world fear volatility.
In fact, popular Wall Street “fear gauges” are usually based on market or asset volatility.
What people should fear, however, is loss of their purchasing power over time.
Once you understand this, ask me about #Bitcoin . Jeff Ross

2024-07-03 15:53:16

#bitcoin is like being able to buy insurance on your house while it’s burning. And trust me, it’s burning now

2024-07-02 22:34:54

To be able to save in **well designed money** while the whole world still uses explicitly compromised poverty tokens and doesn't yet understand it... is the investment opportunity of a lifetime.
#Bitcoin @npub1h8n…rpev

2024-07-02 22:30:16

The #Gold Standard failed because of the ability of coin clipping, the difficulty of verifying gold holdings, the bulky and costly transportation and because of a few governments that controlled the entire gold supply.
#Bitcoin fixes all of it. @npub10wv…v22x

2024-07-02 21:31:48

The problems are eerily similar all over the world. Inflation, insane housing prices, low fertility rates, too much immigration too fast, government spending and pensions being bankrupt.
Gee, I wonder what's the cause of all this? @npub10vl…sp42 #bitcoin

2024-06-19 17:47:30

https://image.nostr.build/63225ef3bbdddc4e5873839e60f3cc49dc80b0d84a3594f65a649473d7f33165.jpg

2024-06-19 17:44:13

https://image.nostr.build/76d85e793d9e946096b0ed19b8217897021ee92235f906941bc76bb211a0e1ac.jpg

2024-06-18 19:39:00

I just had a gut feeling… I reckon before the USA elections there will be a major bank run and that will be the collapse.. elections probably moved and WW3 starts in some form.. look most people in the USA don’t have much but when they want it - they’ll figure it’s not there… #bitcoin

2024-06-18 11:18:37

Every misunderstanding of #bitcoin can be traced back to the misapprehension that the essential functions of base-layer money are transact-ability, velocity, and privacy, rather than incorruptibility, censorship resistance, and auditability.
The #bitcoin blockchain was NOT designed to be private. In fact, a universal open ledger is the worst possible design you could think of for privacy. For privacy, physical cash is many times better than ANY blockchain-based system (Monero included - Monero, leading a digital footprint accessible to anyone, is WAY more easily traceable than physical cash), and for a blockchain-based system, privacy was always going to be a layer two + solution (ie e-cash) wherein the transaction ledger is NOT open and universally auditable.
#bitcoin was designed to be AS PRIVATE AS POSSIBLE while still being open, universally accessible, decentralized, and auditable. But that is not very private.
#bitcoin was not designed to be the currency of the Silk Road. Literally mailing cash in an envelope would have been better. The fact that it was used as such lead to a lot of this misapprehension both among government opponents of #BTC and among the early, more privacy-focused bitcoiners. But private transactions was not the problem #bitcoin or any blockchain was designed to solve; it is *orders of magnitude WORSE* than the existing tech: 💵.
The #bitcoin blockchain was NOT designed for high transaction throughput. Again, if you just sit down and back-of-the-envelope calculate the number of transactions per second of the current global economy (let alone one that is on a exponential growth trajectory and in which the volume of digital payments will likely increase by several orders of magnitude in the next few decades with a fully digital economy, AI compute etc.), blockchains per se simply cannot scale to any meaningful percentage of this.
You can add 100x capacity to #BTC and maybe it takes you from 0.00001% to 0.001%. It’s a worthless gesture. It can’t happen. You have to scale in layers. This was known from day one by anyone with the most basic of math skills. Layers offer the only way forward because keeping transactions off the main ledger is the ONLY way to scale by the 6+ orders of magnitude necessary for global economy. The blockchain was designed to be AS TRANSACT-ABLE AS POSSIBLE while maintaining robust syncing and decentralization.
There is a tradeoff here with full personal (ie holding and using your own private keys) sovereignty. #bitcoin cannot do this for everyone on earth. Not with 10x the block size. Not with 100x the block size. Not with 1000x the block size. Not without layers that make some careful and calculated trade offs between velocity and sovereignty. This is a tough pill for many to swallow, because it requires acknowledging that the way we use #BTC today is not the way it will be used by everyone forever.
Literally every ounce of FUD, from de Vries to the Big Blockers, to the Monero Bros, comes down to not understanding what base layer money *is* and what problem it solves: ie theft and incentive misalignment due to fiat debasement.
But the good news is that when you take away the money printer, governments become less powerful, and all of the other problems become less pressing. #bitcoin

2024-06-14 20:53:53

Still need those SATS. Let me show the world the power of the LN - send SATS! #bitcoin

2024-06-14 20:53:18

21 rules of bitcoin by @saylor:
1.Everyone who understands bitcoin buy bitcoin
2.Everyone is against bitcoin before they are for it
3. You will never be done learning about bitcoin
4.Bitcoin is powered by chaos
5.Bitcoin is the only game in the casino that we can all win
6.Bitcoin won’t protect you if you’re not wearing the armor
7.Bitcoin is the one thing in the universe that you can truly own
8.Everyone gets bitcoin at the price they deserve
9.Only buy bitcoin with the money you can’t afford to lose
10. Tickets to escape the matrix are priced in bitcoin
11.Bitcoin insight is restricted to those with a need to know
12.All your models will be destroyed
13.The cure to the economic ill is the orange pill
14. Be for bitcoin not against Fiat
15.Bitcoin is for everyone
16. Learn to think in bitcoin
17. You don’t change bitcoin, it changes you
18.Laser eyes protect you from endless lies
19.Respect bitcoin or it will make a clown out of you
20. You do not sell your bitcoin
21.Spread bitcoin with love
#bitcoin

2024-06-08 18:13:42

Surely this can be done - I reckon I need 3BTC to make this idea happen - #bitcoin @npub1sg6…f63m @npub17u5…t4tp

2024-06-08 18:12:44

Thinking maybe what else can happen is when you get to a restaurant - people on the app are able to allow someone they chose or spin to receive a free meal to a certain price. Company will generate revenue by adding the extra meal to the bill and someone might be saved by having some food. #bitcoin

2024-06-08 18:10:37

Most people struggling to make ends meet still have a mobile phone - but the possibility of getting a meal from someone for free would take some stress away. #bitcoin

2024-06-08 18:09:33

Here is how I see it happening. Restaurants offer a discount of 5% to participants of the networks.
They order food - all types. Most kids don’t finish and neither do most people.
Within minutes those meals can be on the way to certain people within the location of the restaurants. Reviews and tips from corporates for deliver drivers working hard to deliver food and water to families in need. Also homeless people. This idea will spread like wild fire. #bitcoin

2024-06-08 18:05:34

I have another idea - please DM me should you think we can make this happen.. Uber eats but for homeless people and families struggling to feed their famailies. They get notified when someone or table at the restaurant doesn’t finish their food. Participants on the network get chosen randomly based on reviews from restaurants and a POW system.. Corporate companies sponsor the deliveries and sponsoring the business to get it up and running..
Normal people can also decide at the table when they are finished based on profiles or a random spin of the wheel. Thank you from the people getting food can be done via videos.
Most importantly - everything needs to be done on the LN and on chain with larger sponsorships.
Anyone see my vision here. #bitcoin @npub1sg6…f63m

2024-06-08 17:59:49

We have car guards here - we need to get people to pay them in SATS and it’s far easier to send back to their home countries. I will document every single thing. Making BTC understood by normal people isn’t gonna be on CT - in the streets and feet on the ground. LN will make that so easy for me.. I have the time and the passion. #bitcoin

2024-06-08 17:58:07

Also using whatever SATS are donated - I shall spread LN like nobody in the world has ever seen.. Those dudes on YOUTUBE who help people with USD - I wanna do it with the power of community over the LN network. South Africa is the perfect place..

2024-06-08 17:56:41

Wonder if I can get 4800 SATS per day for the rest of the year. I will donate every single sat to buying food for homeless people in South Africa. Will document everything and share on NOSTR.. it should be worth $1000USD which will help so many people… more SATS the better. #bitcoin

2024-06-08 17:01:55

What is Bitcoin? A Beginner’s Guide
Introduction
Bitcoin is a digital currency created in January 2009 following the housing market crash. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto. The identity of the person or people who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.
Understanding the Basics
Digital and Decentralized: Bitcoin is entirely digital, meaning it exists only in the digital world. You can’t hold a Bitcoin like you can a dollar bill or a coin. It is also decentralized, which means no single institution controls the Bitcoin network. This contrasts with traditional currencies, which are issued and regulated by a central authority like a central bank.
Blockchain Technology: Bitcoin operates on a technology called blockchain. A blockchain is a type of distributed ledger or decentralized database that keeps a continuously updated list of all transactions. This ledger is maintained by a network of computers (called nodes) that collectively enforce the rules of the network.
How Bitcoin Works
Transactions: When you send Bitcoin to someone, your transaction gets broadcast to the network. The transaction includes your and the recipient’s addresses (similar to email addresses), the amount of Bitcoin being sent, and a digital signature. This signature is generated using cryptographic keys and ensures that only the owner of the Bitcoin can spend it.
Mining: Transactions are grouped into blocks and added to the blockchain through a process called mining. Miners are network participants who use specialized hardware to solve complex mathematical problems. When they solve these problems, they validate transactions and add them to the blockchain. As a reward for their work, miners receive newly created Bitcoins and transaction fees.
Security: Bitcoin’s security comes from its decentralized nature and the cryptographic principles behind it. Because the ledger is distributed across many nodes, it is very difficult for anyone to tamper with the records. Additionally, cryptographic keys ensure that only the owner of Bitcoin can authorize its transfer.
Key Features of Bitcoin
Limited Supply: Bitcoin has a finite supply. There will only ever be 21 million Bitcoins in existence. This scarcity is built into the protocol and is intended to mimic the finite supply of precious metals like gold.
Divisibility: Each Bitcoin can be divided into 100 million smaller units called satoshis (named after Bitcoin’s creator). This makes it possible to send very small amounts of Bitcoin, facilitating microtransactions.
Pseudonymity: Bitcoin transactions are pseudonymous. While all transactions are recorded on the blockchain and are publicly visible, they are not directly tied to real-world identities. Instead, transactions are linked to addresses, which are strings of alphanumeric characters.
Uses of Bitcoin
Store of Value: Some people see Bitcoin as a “digital gold” because of its limited supply and use it as a store of value, a way to preserve wealth over time.
Medium of Exchange: Bitcoin can be used to buy goods and services from merchants that accept it. Its use as a currency is still limited compared to traditional currencies, but it is growing.
Remittances: Bitcoin is also used for remittances, sending money across borders. Because Bitcoin transactions can be cheaper and faster than traditional methods, it is an attractive option for this use case.
Investment: Many people buy Bitcoin as an investment, hoping that its value will increase over time. This speculative aspect contributes to Bitcoin’s price volatility.
How to Get Bitcoin
Buying on Exchanges: The most common way to get Bitcoin is by purchasing it on a cryptocurrency exchange. These platforms allow you to buy Bitcoin using traditional currencies (like USD or EUR).
Mining: As mentioned earlier, you can also earn Bitcoin by mining. However, mining has become very competitive and requires significant investment in specialized hardware and electricity.
Accepting Bitcoin: If you run a business, you can accept Bitcoin as payment for goods or services. This involves setting up a Bitcoin wallet and displaying a QR code for customers to scan and send Bitcoin.
Peer-to-Peer Transactions: You can also acquire Bitcoin directly from another person through peer-to-peer transactions. This can be done in person or through online platforms that facilitate these trades.
Bitcoin Wallets
What is a Wallet? A Bitcoin wallet is a digital tool that allows you to store, receive, and send Bitcoin. It holds your private keys—secret codes that allow you to spend your Bitcoin.
Types of Wallets:
• Hot Wallets: These are connected to the internet and include web wallets, mobile wallets, and desktop wallets. They are convenient but less secure due to their online nature.
• Cold Wallets: These are offline and include hardware wallets and paper wallets. They are more secure as they are not connected to the internet, making them less vulnerable to hacking.
Risks and Considerations
Volatility: Bitcoin’s price is highly volatile, meaning it can change rapidly and unpredictably. This can lead to significant gains or losses in a short period.
Regulation: The regulatory environment for Bitcoin varies by country. Some governments embrace it, while others are wary or outright ban it. This regulatory uncertainty can impact its use and value.
Security: While Bitcoin itself is secure, the ecosystem around it (exchanges, wallets, etc.) can be vulnerable to hacking and fraud. It is essential to use reputable services and follow best practices for security.
Irreversible Transactions: Bitcoin transactions are irreversible. Once you send Bitcoin, you cannot get it back unless the recipient agrees to return it. This finality is unlike traditional payment systems, where disputes can be mediated by a central authority.
The Future of Bitcoin
Adoption: As more people and businesses start using Bitcoin, its network effects grow, making it more valuable and stable. Increased adoption could lead to wider acceptance and integration into the global financial system.
Technological Improvements: The Bitcoin protocol continues to evolve. Developments like the Lightning Network aim to make Bitcoin transactions faster and cheaper, addressing some of the current limitations.
Institutional Interest: Institutions are increasingly showing interest in Bitcoin, with some companies adding it to their balance sheets and financial products like Bitcoin ETFs (Exchange-Traded Funds) emerging.
Conclusion
Bitcoin represents a significant innovation in the world of finance, offering a decentralized and secure way to transfer value. While it comes with risks and uncertainties, its potential benefits and growing adoption make it a fascinating development worth understanding. Whether you see it as a currency, a store of value, or a revolutionary technology, Bitcoin has undoubtedly made a substantial impact and will likely continue to shape the future of money and finance. #bitcoin

2024-06-08 16:36:14

I reckon this is the idea of the century - Swop CSW (Faketoshi) with Ross Ulbricht. Here is also an idea - let’s see how much BTC we can raise for Ross so when he is outta prison - we can send it directly to him.. address below. BTC donated will be sent as soon as he’s out.
BTC -
bc1q4uvfn5l6gjfcqmplylaeqdm7ale9kmq9vmuxsn
#bitcoin #freeross #silkroad

2024-06-08 16:35:12

Our economic systems were not built for a world driven by technology where prices keep falling. They were built for a pre-technology era when labour and capital were inextricably linked, an era that counted on growth and inflation, an era where we made money from scarcity and inefficiency. That era is over. But we keep on pretending that those economic systems still work. Jeff Booth - Price of tomorrow. #bitcoin #freeross

2024-06-06 18:36:08

Advanced Reading List: Bitcoin as a Treasury Reserve Asset
Books
1. “The Bitcoin Standard: The Decentralized Alternative to Central Banking” by Saifedean Ammous
• Summary: This book explores the history of money, the characteristics that make Bitcoin a sound money, and why it could serve as a treasury reserve asset.
• Key Concepts: History of money, properties of sound money, economic theory, Bitcoin’s role in financial systems, long-term value proposition.
2. “Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies” by Nik Bhatia
• Summary: Bhatia discusses the evolution of monetary systems from gold to Bitcoin, explaining how Bitcoin fits into the modern financial system.
• Key Concepts: Evolution of money, Bitcoin’s integration into financial systems, the role of Bitcoin as a reserve asset, future of central bank digital currencies.
3. “Bitcoin: Hard Money You Can’t F*ck With” by Jason A. Williams
• Summary: This book provides a practical guide on why and how Bitcoin should be considered a hard, incorruptible form of money and a reliable store of value.
• Key Concepts: Bitcoin’s resilience, characteristics of hard money, inflation hedge, strategic asset allocation.
Articles
4. “Bitcoin as an Alternative Asset” by Fidelity Digital Assets
• Summary: This article examines Bitcoin’s role in investment portfolios, comparing it to traditional alternative assets.
• Key Concepts: Diversification, risk-adjusted returns, correlation with traditional assets, portfolio performance.
5. “Bitcoin’s Role as an Alternative Asset” by Ark Invest
• Summary: Ark Invest provides a detailed analysis of Bitcoin’s performance, risk, and return characteristics, arguing for its inclusion in institutional portfolios.
• Key Concepts: Institutional investment, portfolio allocation, risk management, macroeconomic impact.
6. “The Case for Bitcoin as a Treasury Reserve Asset” by Lyn Alden
• Summary: Lyn Alden argues for Bitcoin’s inclusion in corporate treasuries, focusing on its potential to preserve wealth and hedge against inflation.
• Key Concepts: Corporate treasury management, inflation hedge, wealth preservation, financial strategy.
Papers
7. “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto
• Summary: The foundational white paper that introduced Bitcoin, explaining its technical framework and potential use cases.
• Key Concepts: Decentralization, peer-to-peer transactions, cryptographic security, double-spending problem.
8. “Bitcoin’s Role in the Financial System of the Future” by Nick Szabo
• Summary: This paper explores Bitcoin’s potential to reshape financial systems and its role as a reserve asset.
• Key Concepts: Smart contracts, financial innovation, monetary sovereignty, Bitcoin as digital gold.
9. “Bitcoin as a Store of Value” by PlanB (Author of the Stock-to-Flow Model)
• Summary: This paper discusses Bitcoin’s stock-to-flow model, analyzing its scarcity and potential as a store of value.
• Key Concepts: Stock-to-flow ratio, scarcity, monetary policy, long-term value.
10. “Bitcoin as a Hedge Against Monetary Inflation” by JPMorgan
• Summary: JPMorgan analysts explore how Bitcoin can serve as a hedge against monetary inflation and its potential benefits for institutional investors.
• Key Concepts: Inflation hedge, institutional adoption, financial stability, macroeconomic trends.
11. “The Implications of Bitcoin for Global Reserve Management” by the International Monetary Fund (IMF)
• Summary: This paper investigates the potential role of Bitcoin in global reserve management and its impact on central banks.
• Key Concepts: Global reserves, central bank policy, financial stability, international monetary system.
12. “Bitcoin and Central Banking: Policy Issues and Implications” by the Bank for International Settlements (BIS)
• Summary: BIS researchers analyze the implications of Bitcoin for central banking, focusing on policy and regulatory challenges.
• Key Concepts: Central banking, monetary policy, regulatory challenges, financial stability.
These resources provide a comprehensive understanding of Bitcoin’s potential as a treasury reserve asset, covering historical context, economic theory, practical applications, and policy implications. By exploring these materials, you will gain advanced insights into how Bitcoin can fit into and potentially transform modern financial systems. #bitcoin

2024-06-06 18:34:58

Challenging Thought Experiments and Philosophical Questions Related to the Bitcoin Blocksize Wars
1. Scalability vs. Decentralization:
• If increasing the block size improves transaction throughput but potentially sacrifices decentralization, is it a worthwhile trade-off? How do you balance scalability with maintaining the core principles of Bitcoin?
2. Consensus and Governance:
• How should decisions about critical changes like block size be made within a decentralized community? What are the pros and cons of different governance models (e.g., miner voting, user consensus, developer decisions)?
3. Economic Incentives:
• How do economic incentives for miners, developers, and users influence their positions in the block size debate? Are these incentives aligned with the long-term health of the Bitcoin network?
4. Security vs. Efficiency:
• Does increasing the block size pose a greater risk to the network’s security (e.g., higher likelihood of centralization)? How do you weigh security against the need for more efficient transactions?
5. Forking and Community Splits:
• What are the philosophical implications of forking the Bitcoin network due to disagreements over block size? How does the potential for creating multiple competing versions of Bitcoin affect the overall ecosystem?
6. User Experience vs. Technical Integrity:
• Should the primary focus of Bitcoin development be on improving user experience (e.g., faster transactions, lower fees) or maintaining technical integrity (e.g., ensuring robustness and security)? How do you find a balance between the two?
7. The Role of Developers:
• What is the appropriate role for core developers in making decisions about network changes? Should they act as stewards of the protocol, or should they take a more hands-off approach and let the market decide?
8. Historical Precedents:
• How have similar scalability debates been resolved in other open-source or decentralized projects? What lessons can be learned from these precedents?
9. Ethics of Influence:
• Is it ethical for influential figures or organizations within the Bitcoin community to sway public opinion or technical decisions about block size? How should power and influence be managed in a decentralized system?
10. Technical Debt:
• How does the concept of technical debt apply to the decision to increase the block size? Are there long-term consequences of making such changes that might not be immediately apparent?
11. Interoperability and Network Effects:
• How does the decision to change the block size affect Bitcoin’s interoperability with other cryptocurrencies and its overall network effects? Could changes make Bitcoin more or less competitive in the broader cryptocurrency ecosystem?
12. Future-Proofing:
• How should the Bitcoin community approach future-proofing the network against scalability issues? What strategies might be more effective than simply increasing the block size?
13. Philosophy of Change:
• What philosophical principles should guide decisions about making changes to Bitcoin’s protocol? Is it better to adopt a conservative approach that resists change, or a more progressive approach that embraces innovation?
14. Long-Term Vision:
• How does the block size debate fit into the long-term vision for Bitcoin as a global currency or store of value? Should short-term usability be prioritized over long-term sustainability?
15. The Role of Market Forces:
• Should market forces (e.g., transaction fees, miner behavior) be the primary drivers of decisions about block size and scalability? What are the potential risks and benefits of allowing the market to dictate these changes?
These thought experiments and philosophical questions are designed to challenge your critical thinking and provide deeper insights into the complexities of the Bitcoin block size wars. Reflecting on these questions can help you develop a more comprehensive understanding of the issues and their broader implications. #bitcoin

2024-06-06 18:31:23

Challenging Thought Experiments and Philosophical Questions Related to Bitcoin
1. The Double-Spend Problem:
• If a major flaw were discovered in Bitcoin that allowed double spending, how could this impact the trust and adoption of the cryptocurrency? What solutions could be proposed to address this issue?
2. Decentralization vs. Regulation:
• How can Bitcoin maintain its decentralized nature while also adhering to increasing government regulations? Can true decentralization coexist with governmental oversight?
3. Energy Consumption Ethics:
• Bitcoin mining consumes significant amounts of energy. Is the environmental impact justifiable given the benefits of a decentralized currency? What are the ethical implications of this energy consumption?
4. The Future of Bitcoin:
• Imagine a future where Bitcoin becomes the global standard currency. How would this change the dynamics of international finance, monetary policy, and economic power?
5. Anonymity vs. Transparency:
• Bitcoin transactions are pseudonymous but transparent. Is the balance between privacy and transparency in Bitcoin ideal? What are the potential risks and benefits of this balance?
6. Bitcoin and Inequality:
• Could Bitcoin contribute to reducing global economic inequality, or might it exacerbate it? Consider the distribution of Bitcoin ownership and the barriers to entry for new users.
7. Forking and Governance:
• What are the philosophical implications of hard forks in the Bitcoin network? How should decisions about forking be made to best serve the community?
8. Bitcoin as Digital Gold:
• Is it accurate to compare Bitcoin to gold? What are the strengths and weaknesses of this analogy in terms of value storage and economic stability?
9. Bitcoin and Libertarianism:
• Bitcoin is often associated with libertarian ideals. To what extent does Bitcoin align with libertarian principles? Are there any contradictions or challenges to this alignment?
10. Quantum Computing Threat:
• If quantum computers become powerful enough to break Bitcoin’s cryptographic security, what would be the implications for the network? How might the Bitcoin community respond to such a threat?
11. Bitcoin in Developing Economies:
• How could Bitcoin adoption impact developing economies? Consider both the potential benefits and challenges in these regions.
12. The Philosophy of Trust:
• Bitcoin is often described as a “trustless” system. What does it mean for a system to be trustless, and is this truly achievable? How does trust manifest in the Bitcoin ecosystem?
13. Scarcity and Value:
• Bitcoin has a fixed supply of 21 million coins. How does this artificial scarcity influence its value, and how does it compare to traditional fiat currencies that can be printed at will?
14. Decentralized Governance:
• How should Bitcoin’s decentralized governance model evolve as the network grows? What are the potential pitfalls and benefits of its current model?
15. Moral Implications of Wealth Creation:
• Is it morally acceptable for early adopters of Bitcoin to amass significant wealth simply by being early to the technology? How does this align with broader ethical principles of wealth distribution?
These thought experiments and philosophical questions are designed to challenge your critical thinking and deepen your understanding of Bitcoin from multiple perspectives. Reflecting on these questions can help you develop a more nuanced view of the cryptocurrency and its broader implications. #bitcoin

2024-06-03 20:27:55

Central Bank manipulation of the money supply is a wealth extraction mechanism to skim value that ought to be accrued by us all as a result of the deflationary nature of technological progress.
They're stealing your income, your savings, your financial security. #bitcoin

2024-06-02 22:18:39

The USD has caused more harm that Bitcoin will ever! Diamond head is also a evil individual.. #bitcoin will infiltrate your business and laugh at you as you walk out the door into jail #bitcoin

2024-06-02 22:17:21

Ever thought about Deflation deeply - such a weird yet powerful concept that people could actually save and have more purchasing power.. no old fuck head being able to print money! Jesus that would be lovely! Until J Poo head and Elizabeth STD leave the office - they gonna fight! #bitcoin will destroy your stupid ideas!

2024-06-02 22:11:15

Being naive on this planet right now might honestly be the biggest single blessing you can have - it’s short lived but fuck the mental pressure knowing what’s coming and nobody is listening is the hardest! #bitcoin

2024-06-02 22:09:58

The most disgusting of them all is Elizabeth Warren and Gary Gensler lead by Jerome Powell. #bitcoin
Each one of these people are devils in their own human skin. Have absolutely no care in the world for human beings.
Fuck you!

2024-06-02 22:08:25

The elites just hate us so much that they know the majority won’t stand up! They’ve won and the normies haven’t figured the only way to fight back and win is with #bitcoin

2024-06-02 22:07:21

And not sure I’ll be alive to see its full potential.. that is something that bothers me! Hopefully my kids or wife can enjoy the fruits.. #bitcoin

2024-06-02 22:06:08

Bitcoin makes you realize actually how fucked we are… #bitcoin

2024-06-02 22:05:34

All material possessions bar my car, iPad and Laptop. Selling for SATS!
Bike
Golf Clubs
DJI Osmo
Clothes not needed
New way of life…
Silent and reserved!
#bitcoin

2024-06-02 07:42:57

Watch this.
In 2023, you worked 40 hours a week and made $100,000 for the year.
You saved all $100,000 and kept it in the USD.
At 2% annual inflation (the mandated rate by the Federal Reserve), your money becomes worth $98,000 next year.
After 35 years, that original $100,000 is worth $50,000.
Inflation and the USD just said that you only worked 20 hours a week in 2023.
But you didn’t. You worked 40 hours.
Nope. Inflation says you only worked 20 hours.
The U.S. Dollar stole 1,040 hours of your time.
The U.S. Dollar stole 130 days of your work.
The U.S. Dollar stole $50,000 of your work’s value.
You did nothing to deserve this other than existing in a monetary system where this is a reality.
And that's just at 2% inflation. Real inflation is much worse.
The U.S. Dollar steals from its earners and holders *every* year.
Some people are aware of this and they place their earned USD’s elsewhere, such as real estate. This inflates the price of a home, making life increasingly more unaffordable.
Not only is your time, work, and wealth being stolen from you, life as a whole is becoming costlier each year. This is what inflation does.
This is a horrible system.
There has to be better.
The best news for humanity is that there is better. There is a solution. There is a just and equitable system for all of us.
If money is broken, then the world is broken, because money is connected to everything.
If we want to fix the world, we must fix the money.
#Bitcoin is the fix.
Bitcoin makes inflation go EXTINCT. Nobody can create new bitcoins. This is fundamental to Bitcoin’s design.
Life becomes more affordable. You don’t lose time, you gain time. Your work becomes more valuable with each passing year.
Bitcoin flips the stealing nature of the USD on its head.
#Bitcoin is a vote for a better world. I’m casting all the votes I possibly can. Humanity is too, one by one. The sooner we unite, the sooner we reach the promised land.
Fix the money, fix the world.
Don’t prop up the current system. Don’t vote for the robbers. Change your vote.
Vote for #Bitcoin

2024-05-30 21:44:51

When you own Bitcoin, you have a "private key" and a "public key."
1. **Public Key**: Think of this like your bank account number. It's what you share with others so they can send you Bitcoin. It's safe to share your public key.
2. **Private Key**: This is like the PIN to your bank account or the key to your safe. It's a long string of letters and numbers that allows you to access and control your Bitcoin. **This must be kept secret**.
If you don’t hold your private keys yourself, it means you're trusting someone else to keep them safe. Here are the main reasons why this is important:
1. **Control and Ownership**: If someone else holds your private keys, they effectively control your Bitcoin. You’re relying on their security measures and honesty. If they lose the keys or get hacked, you could lose your Bitcoin.
2. **Security Risks**: If the third party holding your keys gets hacked, you risk losing your Bitcoin. There have been several high-profile cases of exchanges being hacked and users losing their funds.
3. **Independence**: Holding your private keys means you don't have to rely on any third-party service. You're in full control of your funds and can access them whenever you want without needing anyone else's permission.
In short, "Not your keys, not your coins" is a common saying in the Bitcoin community. It means if you don't hold the private keys, you don't truly own the Bitcoin. For full control and security of your Bitcoin, it's recommended to hold your private keys yourself, usually in a secure wallet.

2024-05-30 21:43:16

### Beware of Telegram Bitcoin Scams: Understanding the Risks and False Promises
Bitcoin has gained significant popularity over the years, and with it, a new wave of scams has emerged, particularly on messaging platforms like Telegram. If you're new to Bitcoin and cryptocurrencies, it's crucial to understand the basics and why these scams cannot deliver the incredible returns they promise.
#### What is Bitcoin?
Bitcoin is a digital currency that operates independently of a central authority, like a government or bank. It allows for peer-to-peer transactions over the internet, using a technology called blockchain to ensure security and transparency. While Bitcoin has the potential for investment, it's essential to approach it with caution and knowledge.
#### What are Telegram Bitcoin Scams?
Telegram is a messaging app where users can create groups and channels to share information. Unfortunately, some individuals use these platforms to promote Bitcoin scams. Here's how they typically work:
1. **Promises of High Returns**: Scammers will promise you extraordinarily high returns on your investment, sometimes even guaranteeing them. They claim that if you invest your Bitcoin with them, you'll see your money grow exponentially in a short period.
2. **Fake Testimonials and Success Stories**: To gain your trust, scammers often share fake testimonials and success stories. These stories make it seem like many people have made significant profits using their scheme.
3. **Pressure to Invest Quickly**: Scammers use high-pressure tactics to get you to invest quickly. They might say there's a limited-time offer or that you'll miss out if you don't act fast.
#### Why Can't These Scams Deliver the Promised Returns?
1. **No Legitimate Investment Can Guarantee High Returns**: In the world of legitimate finance and investments, no one can guarantee high returns, especially not consistently or quickly. Investments always come with risks, and the higher the potential return, the higher the risk.
2. **Lack of Transparency**: Real investment opportunities provide clear and transparent information about where your money is going and how it will generate returns. Scams, on the other hand, offer vague or overly complex explanations that don't make sense if you dig deeper.
3. **Ponzi Scheme Nature**: Many of these scams are Ponzi schemes. This means they use the money from new investors to pay returns to earlier investors. Eventually, the scheme collapses when there aren't enough new investors to support it, leaving the majority of people with nothing.
4. **Lack of Regulatory Oversight**: Legitimate investment opportunities are usually regulated by financial authorities. Bitcoin scams on Telegram operate outside of these regulations, meaning there's no one to hold them accountable or to protect your investment.
#### How to Protect Yourself
1. **Educate Yourself**: Take the time to learn about Bitcoin and how it works. Understanding the basics can help you spot red flags in investment offers.
2. **Do Your Research**: Before investing, research the opportunity thoroughly. Look for reviews and feedback from multiple sources, and be wary of overly positive testimonials that seem too good to be true.
3. **Never Rush Into Investments**: Legitimate opportunities will never pressure you to make quick decisions. Take your time to understand what you're investing in.
4. **Use Reputable Platforms**: Only use well-known and reputable platforms for buying, selling, and investing in Bitcoin. Avoid anonymous groups and channels on Telegram or other messaging apps.
In conclusion, while Bitcoin can be a valuable asset, it's essential to approach it with caution and be aware of the numerous scams that promise unrealistic returns. By educating yourself and conducting thorough research, you can protect yourself from falling victim to these fraudulent schemes.

2024-05-30 11:40:18

The picture right here is the cause of so much finance ruin in South Africa! There is no such thing as free and fair elections. Humans cannot be trusted with motivates that suit their own agenda! Bitcoin is truth. #bitcoin https://image.nostr.build/2e1959da43ead569d6ad02d09c9d538a06b620c55ca7038a824463e85426e38d.jpg

2024-05-30 11:39:04

Every single person gets BTC at the price they deserve!
My opinion is that people don’t understand time preference..
Everyone wants things now. That is the problem with FIAT currency.
#bitcoin

2024-05-30 11:38:01

Bitcoin… gradually then suddenly.. #bitcoin

2024-05-29 21:00:20

I have so much hate in my heart right now… A N C are fucking the population so badly!

2024-05-29 20:59:52

A N C - they’ll rule and ruin for another 4 years! White, black, indian and all races.. get your money outta ZAR! Buy Bitcoin! #bitcoin

2024-05-28 18:39:14

The 10% is purely the NGU technology. No lending and FTX bullshit. Purely getting companies to add and the increase we get via BTC! #bitcoin

2024-05-28 18:38:16

The business model will be simple. 1% upfront paid in BTC and 10% performance fee all paid in BTC! #bitcoin

2024-05-28 18:37:25

I already have a large network from my previous career in high end real estate with owners running medium to large size businesses whom I believe I can convert..

2024-05-28 18:36:35

Reason 1 BTC is because cost of living here in South Africa is so low and I can make it work so the ROI will be phenomenal to someone who takes the risk.. #bitcoin

2024-05-28 18:35:45

I’ll need 1 BTC for 24 months of hard work and networking and whoever backs me I’ll split 50/50 revenue once the business turns a profit.. everything will be done on NOSTR financial wise so it’s here forever. #bitcoin

2024-05-28 18:34:35

My goal is to be the most successful BTC advisor to South African companies wanting to add the valuable asset BTC on their balance sheet and treasury asset… #bitcoin

2024-05-28 18:33:34

All businesses looked at from a BTC point of view look very very different compared to a fiat mindset… #bitcoin

2024-05-28 18:32:58

Wonder if it’ll become mainstream like YouTube and Tiktok where people generating quality content can make a living off it? #bitcoin

2024-05-28 18:32:20

What is the highest number of SATS ever zapped on Nostr? #bitcoin

2024-05-28 18:10:08

Conclusion
Bitcoin’s rise as the best performing asset class since its inception is a remarkable story of innovation, resilience, and adoption. Its journey from a niche digital currency to a globally recognized store of value and investment vehicle demonstrates the transformative power of blockchain technology. As the world continues to embrace digital finance, Bitcoin’s role in the global economy is likely to expand, solidifying its status as a premier asset class.

2024-05-28 18:09:57

Future Outlook and Potential Risks
Looking forward, Bitcoin’s performance as an asset class will likely continue to be influenced by a combination of technological developments, regulatory changes, and macroeconomic factors. While it has proven to be a high-performing asset, potential risks include regulatory crackdowns, technological vulnerabilities, and market competition from other cryptocurrencies and digital assets. However, many analysts believe that Bitcoin’s established brand, first-mover advantage, and growing adoption will continue to drive its success.

2024-05-28 18:09:48

Network Effects and Decentralization
Bitcoin’s decentralized nature and strong network effects have contributed to its resilience and performance. As more people use and invest in Bitcoin, its network becomes more valuable and secure. The decentralized structure ensures that no single entity can control or manipulate the Bitcoin network, which enhances its appeal as a trustless and transparent asset.

2024-05-28 18:09:38

Regulatory Developments and Legal Recognition
Bitcoin’s journey from a fringe technology to a mainstream asset class has been marked by increasing regulatory recognition. Countries like the United States have developed clearer regulatory frameworks, which provide legal certainty for investors. In 2021, El Salvador became the first country to adopt Bitcoin as legal tender, further validating its use as a currency and store of value.

2024-05-28 18:09:30

Technological Advancements and Ecosystem Growth
The growth of the Bitcoin ecosystem, including advancements in infrastructure, security, and accessibility, has played a critical role in its performance. The development of custodial solutions, regulated exchanges, and user-friendly wallets has made it easier for individuals and institutions to invest in Bitcoin. Additionally, the advent of the Lightning Network has improved Bitcoin’s scalability, enabling faster and cheaper transactions.

2024-05-28 18:09:20

Global Economic Conditions and Inflation Hedge
Bitcoin’s performance has been bolstered by its perception as a hedge against global economic instability and inflation. As central banks around the world engage in quantitative easing and other measures that increase the money supply, Bitcoin’s fixed supply of 21 million coins becomes more attractive. Investors looking for a store of value that cannot be devalued by inflation have increasingly turned to Bitcoin.

2024-05-28 18:09:08

Institutional Adoption and Validation
The involvement of institutional investors has been a significant factor in Bitcoin’s rise as a leading asset class. Companies like MicroStrategy, Tesla, and Square have invested billions in Bitcoin, citing it as a store of value and hedge against inflation. Furthermore, major financial institutions, including Fidelity, JPMorgan, and Goldman Sachs, have started offering Bitcoin-related products to their clients, providing further legitimacy and support to Bitcoin’s value proposition.

2024-05-28 18:08:56

Comparative Asset Performance
When compared to traditional asset classes, Bitcoin’s performance stands out. For example, from 2010 to 2020, Bitcoin delivered annualized returns of around 200%, vastly outperforming stocks (such as the S&P 500), bonds, gold, and real estate. Even the best performing stocks during this period did not match Bitcoin’s returns.

2024-05-28 18:08:47

Volatility and Market Cycles
Bitcoin’s price history is characterized by high volatility and distinct market cycles. It has experienced several dramatic booms and busts, often following a four-year cycle related to its halving events, where the reward for mining new blocks is halved, thus reducing the supply of new bitcoins. Despite these fluctuations, Bitcoin’s overall trajectory has been upward, rewarding those who held through the volatility.

2024-05-28 18:08:24

Bitcoin’s Exponential Growth
Since its creation, Bitcoin has seen unparalleled growth. From its early days of being worth fractions of a penny, Bitcoin reached a price of nearly $69,000 in November 2021. This rise represents millions of percentage points in returns for early adopters and long-term holders. Its growth outpaced traditional assets such as stocks, bonds, and real estate, making it one of the highest returning investments of the last decade. #bitcoin

2024-05-28 18:08:04

Origins and Initial Performance
Bitcoin, created in 2009 by the pseudonymous Satoshi Nakamoto, began with virtually no value. The first known exchange of Bitcoin for goods was the famous purchase of two pizzas for 10,000 BTC in May 2010. This marked the beginning of Bitcoin gaining monetary value, which grew exponentially in the following years. By 2011, Bitcoin’s value had increased to $1, marking a significant milestone for an asset class that had started from zero. #bitcoin

2024-05-28 18:00:54

2nd Public company to have BTC as a treasury asset… $41 million dollars bought… 581 BTC! #bitcoin

2024-05-28 17:56:05

BTC… we are so early yet so late..
Late in regards that the MSM are so fucking stupid and could of made themselves so much money by doing honest work and early when the baristas think the USD is still backed by gold.

2024-05-28 15:53:19

Lightning Network… needed to send someone 40USD yesterday immediately. Used the lightning network and it was instant! Blew my mind! #bitcoin

2024-05-28 15:52:34

Here in South Africa! BTC is so early. High end car dealerships still don’t accept BTC! Fuck they missing the boat! #bitcoin

2024-05-28 15:51:54

I’m back! Took a break! BTC is still unbelievable! Met a chap today who has held BTC from $0.50.. still works a 9-5 job.. has over 2000 BTC and will maybe spend when it gets to 150-200k..

2024-05-01 11:12:07

Shopping with the wife is a shitcoin… 🤣🤣

BTC on sale!

JP the worst!

They all useless!

Still hate government!

2024-05-01 11:06:39

I’m back!!

2024-04-04 19:54:06

#Bitcoin   is going up forever.
The computing power of the Bitcoin network does over 600 quintillion calculations per second.
Quintillion.
Per second.
One quintillion seconds was 32 billion years ago. Multiply that by 600 and you get 19.2 trillion years.
The Big Bang supposedly happened 13.8 billion years ago.
19.2 trillion divided by 13.8 billion = 1,391.
The computing power of the #Bitcoin   network is 1,391 times the length of the universe’s existence.
In case you didn’t get that.
The computing power of the #Bitcoin   network is 1,391 times the length of the universe’s existence.
Now, calculations per second (a rate of computation) and seconds (a unit of time) aren’t necessarily relatable. This is more about understanding the magnitude of 600 quintillion calculations per second.
A year ago, Bitcoin’s computing power was 250 quintillion calculations per second. That number has more than doubled in just one year, with no signs of slowing down.
#Bitcoin  is showing you there is a verifiably, absolutely scarce asset secured by a computer network 1,391 times more powerful than the length of all time. And that network is only getting more powerful.
Do you think it’s a coincidence Bitcoin is the best performing asset since its inception 15 years ago?
#Bitcoin  is the apex predator of wealth storage.
You cannot store your value better than in a place that is verifiably, absolutely scarce, especially when that place is secured by computers doing 600 quintillion calculations per second.
There is an asset that they are NEVER making any more of secured by 19.2 trillion years of time.
Satoshi Nakamoto birthed #Bitcoin   15 years ago, on January 3rd, 2009.
That genesis included the innovation of programmable, absolutely finite scarcity tethered to the physical world via Proof-of-Work.
Since then, people and computers all over the world have continuously joined the network to secure that innovation.
More people and computers will be incentivized to join the network because they want to secure the innovation that protects and propagates their wealth better than any other asset in the universe, until the point where an overwhelmingly massive amount of human and computer power have joined the network, at which point the world will realize they can use #Bitcoin  as money, just as Satoshi Nakamoto wanted #Bitcoin  to be used.
There are two certainties in life.
1) Death
2) There will only be 21 million Bitcoin ever to exist
When #Bitcoin  is global money, everything in the world will be priced in Bitcoin.
We can make more of anything else, but we can’t make more Bitcoin.
More and more and more and more divided by the same 21 million.
For perpetuity.
For the rest of time.
#Bitcoin   is going up forever.

2024-03-22 07:21:54

How does more mainstream adoption happy of UNDERSTANDING Bitcoin before buying happen?
Books..
Podcasts..
Word of mouth..
NOPE.. hyperinflation in South Africa will ramp it up very very quickly and also cause a DBN riot x100..
When do I think it’ll happen? Within 7 years South Africa will become Zimbabwe on steroids and the USD will be forced upon us but I have faith that the normal blue collar worker will get Orange Pilled before the massive Hyper inflation event.. #bitcoin

2024-03-22 07:17:33

So, what if Bitcoin “fails” ? Well what does one consider it failing? The USD in my opinion has failed in 1973 when Nixon took it off the gold standard.
Why? Because USD isn’t backed by anything. Can’t verify fuck all and you have to trust a few people in the USD to not inflate it to start wars..
Bitcoin is verifiable every 10 mins and even the most technically challenged person could do it.. #bitcoin

2024-03-22 07:14:39

There are pockets of places in South Africa that are better than any place in the rest of the world.. Fucking unbelievable! #bitcoin

2024-03-22 07:12:51

What are BIG governments actually needed for. #bitcoin can sort that out.. because already having so many people involved and things don’t get done.. try something else because you can’t get worse than we already are..

2024-03-22 07:11:48

#bitcoin - governments worldwide are incredibly short sighted.

2024-03-22 07:10:52

My little bit of deep diving.. the federal reserve have a “small” company which buys and sells FAANG stock at the fastest speeds ever recorded to keep them propped up.. but Jim Cramer wont tell you that because his salary paid in FIAT is directly linked to talking those stocks up.. Learn to #bitcoin..
Most import.. don’t buy until you have deep dived into WHY it is what it is..#bitcoin

2024-03-22 07:08:23

So a 5% allocation for a 100 years of purchasing power.. think the upside is phenomenal.. Oh… and you are able to walk wherever u wanna go with it in your brain. #bitcoin

2024-03-22 07:07:17

Bitcoin at $74 000 - we are still SOOOOOOO early. Nobody knows enough of it.. whoever has now is gonna be extremely comfortable.. #bitcoin

2024-03-22 07:06:19

Bitcoin the entity is doing well apparently - no sir.. there is no HQ and Karen in HR. Instead there are 100s of thousands of nodes and miners securing and enforcing the protocol. #bitcoin

2024-03-20 08:05:03

KYC and AML - all fucking rubbish. How have they not caught the crime families and people who do it all the time.. because they don’t want too! #bitcoin

2024-03-20 07:44:11

Then when get Brandon.. he doesn’t know his ass from his elbow.. how he is the president of the USA only the powerful families know..
It’s all a puppet show.. next will be trump. The families have made their ammo in military contracts..
They’ll long the market as soon as trump wins and then ride it for another 4 years!
The way out is for everyone to buy bitcoin and trade peer to peer.. #bitcoin

2024-03-20 07:37:29

Governments are meant to be small and extremely monitored from a party with no reason to side with them. Then the way things work will be different.. leaders who are actually put in charge instead of buddy buddy.
Nancy Pelosi… her husband definitely married for love - love of the stock market maybe..
How does a retarded senior citizen execute trades with such precision and then pretend it was a gamble.. no fuck head you stealing and using your political platform to make those trades after certain policies are approved.. fuck you!
Big Mike needs to get hold of you 🤣

2024-03-20 07:33:25

Fuck Wall Street!
Fuck the FED
Every single cent spent on war is the most pathetic excuse of security ever heard of. #bitcoin

2024-03-20 07:32:27

Great idea.. banks link accounts to federal reserve and when money creation happens peoples money goes down in their bank accounts #bitcoin

2024-03-20 07:31:37

CB and GV will make life a living hell! Bitcoin is the cure.. people are so silly for not even doing the research..#bitcoin

2024-03-20 07:30:49

If Bitcoin doesn’t hyperbitcoin then it’s fucked! No point in living anymore…

2024-03-20 07:30:10

So… wife reckons mutual funds for the next 7 years because risk taking on Bitcoin isn’t the best idea! Straight into sats accumulation mode.. #bitcoin

2024-03-14 20:33:57

908d6593b853688eb97327da07ca0dc8db8af32c647fa3fc4be2d26d8d6bd24f

2024-03-13 19:21:38

Bitcoin Has No Intrinsic Value
Mankind evaluates every invention based on its utility for a particular purpose. Bitcoin proves its value by continuing to maintain superior monetary characteristics over current forms of currency - backed by advanced cryptography and the most resilient computer network in existence.
Link - https://bitcoinmythbusters.org/#/ #bitcoin

2024-03-12 19:25:11

It’s the most important thing ever! #bitcoin #hardmoney #changetheworld https://image.nostr.build/96aa400b55aaf0b82e693af410b4b4e40e035b0b4d21e1d84dd5cb8eff29b29c.jpg

2024-03-12 07:51:57

Thank you for the 11Sats! #bitcoin

2024-03-12 07:51:39

$400 odd increase per day till 2030 for a $1 000 000 BTC!! #bitcoin