Learning and building conviction with every block.
Public Key
npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 Profile Code
nprofile1qqspv4hej9p8mf75xlx7c6uvn286vsltq0edqsef04hfth0d9uh8a8spz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dslkf80u
Author Public Key
npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 Show more details
Published at
2023-12-01T18:00:25+01:00 Event JSON
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"pubkey": "1656f991427da7d437cdec6b8c9a8fa643eb03f2d043297d6e95dded2f2e7e9e" ,
"created_at": 1701450025 ,
"kind": 0 ,
"tags": [],
"content": "{\"name\":\"stevenyang\",\"nip05\":\"[email protected] \",\"website\":\"\",\"display_name\":\"Steven Yang\",\"picture\":\"https:\\/\\/nostr.build\\/i\\/nostr.build_bd2936ebcedc402328cdbab929baf7200b83c01dc0abce6af53986b7e5c2fede.jpg\",\"lud06\":\"\",\"about\":\"Learning and building conviction with every block.\",\"lud16\":\"[email protected] \",\"banner\":\"https:\\/\\/nostr.build\\/i\\/nostr.build_6eecaf9c045c6f31a2c45b36a863ffb9aaf4898de0d0424f10ea5129a254d31b.jpg\"}" ,
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}
Last Notes npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Complete incompetence. I can’t wait for the day he is finally gone. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Monetary use beating out spam? https://m.primal.net/IcNJ.png https://m.primal.net/IcNH.png npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang It ain’t much, but it’s al honest day’s work. Tinkering with #bitcoin mining. It’s great that Braiins allows lightning payments daily. https://m.primal.net/IaQa.png npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Screenshot taken from @npub1s5y…6q7z's interview with Luke. There is only one way to say it… Japan is trying to draw the Batman symbol. https://m.primal.net/IRnh.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang If you like sports, First Things First. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang If you haven’t yet done so, it’s time to do some #UTXO #consolidating guys. https://m.primal.net/HqXe.png npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang LBJ is 39 years old…. Fucking insane. https://m.primal.net/HqIV.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Absolutely beautiful sunset today. Still a bit chilly, but spring is definitely here. Can’t wait for summer! https://m.primal.net/HphP.mov npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Same here. Going to hold off a little longer. Instead, I will stack sats with the money😁 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang The #bitcoin ledger is growing by roughly 100GB per year. In two years, we’re all going to have to upgrade our nodes to 2TB SSDs. I also don’t think raspberry Pi’s will be a viable option any longer. The Pi 4 took a whole week to sync both the node and electrum. https://m.primal.net/HphB.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Recently low fees are a godsend. I’m glad I am able to finish my UTXO consolidation before the halving. #bitcoin #utxo npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Half way through syncing another node. Our current epoch that about to end in a month equates to half of the size of the entire #bitcoin blockchain. 🤯 #note1cp2…ae53 https://m.primal.net/HmvT.png npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Hide Kojima pretty much predicted the future with Metal Gear Solid 1, 2, and 4. These games really shows how much of a visionary he is. https://m.primal.net/HmeC.jpg https://m.primal.net/HmeD.jpg https://m.primal.net/HmeB.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Ok, it’s more like 15% of the blockchain. But it’s still pretty crazy to think that the last two epochs represent 85% of the activity so far on Bitcoin. #note1xre…9awm npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Wow.. I had no idea that the first two epochs only accounted for ~6% of the whole #Bitcoin blockchain? npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Hard to say. But I’m of the opinion that we may never see a cleared mempool again. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Time to do some late night UTXO consolidating. GOGOGO https://m.primal.net/Hlnd.png npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Oh damn. Sorry to hear that. But yea, it’s crazy how much can change in 4 years. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Today is the fourth anniversary of my first #bitcoin purchase. It’s crazy to think #bitcoin wasn’t even $8,000 CAD then. I wonder what we’ll say in another four years? Low time preference, baby. #HODL ON! https://m.primal.net/HkfP.png https://m.primal.net/HkfT.png npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Happy new year everyone. https://m.primal.net/HWJK.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang @npub1s5y…6q7z Thanks for doing a great episode about Primal. Installed Primal before, but never really gave it a try due to having used Damus for all this time. Will be giving Primal s try from now on 😁 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Noice Santa gifted us cheap sats ok this wonderful Christmas Eve. #bitcoin npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Wow… #bitcoin https://m.primal.net/HUBp.png npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Thanks for the suggestion! npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Price is strip steak dropped from $36CAD TO $22CAD at Costco. Not sure why, but hells yeah! https://m.primal.net/HRwM.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Like you said, there will always be someone who is willing to do it OFAC free. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Nice. Thanks for the tip :) npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang I can do this all day. Probably the most quoted line from the movies. Haha npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang When consolidating UTXOs, what’s an ideal amount of sats that you all go for? 1 million? 10 million? More? Less? Somewhere in between? 1 million sats is roughly USD$370 right now. Therefore, it should technically reach at least USD$1000 USD after the next halving. Please give suggestions. Much appreciated. #bitcoin #UTXOconsolidation #pleb #plebchain #UTXOs npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang What a lovely sunset in Vancouver today. 👍 Taken from the Canada Line while going over the Fraser River. https://image.nostr.build/edd1c40498e3c3b549489419d2829672a8e23935c8c47a417360af9838896f21.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang You know what they say 😉 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Earlier this year, I helped my parents put some of their money into a redeemable GIC at 4.65%. This morning, I see the same product is now offered at 5.5%. So, like any son would do, I redeemed the GIC and repurchased the exact same amount. The interest that was paid out? I smash bought #bitcoin for my parents and sent them right to cold storage. This way, they get exposure to a great asset without having to take on too much volatility. I hope these sats will help with pay for many expenses down the line. Cheers. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Agreed. People don’t think working for a living is worth it any longer. Imagine working 40 hours a week so that the government can take 30% of your pay, and at the end of the day, you still can’t afford a place to stay. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Saw this on twitter and just wanted to share it here with everyone. Henry Ford pretty much described #bitcoin back in 1921. A century later, what he wanted to do was accomplished by Satoshi Nakamoto, with help from the cypherpunks. For 15 years and counting, users of this beautiful protocol continue to grow, and its value continue to accrue. I have never been so hopeful for the future as I am today. Thank you all for allowing me to take this journey with you. 🫡🤙🤙🤙 https://cdn.nostr.build/i/c6be4e87981ce09e3fa35b665cfedd737683ab2ef4bee9dfaf941a7d7a51429e.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Happy Independence Day, fellow Hodlers. #bitcoin https://m.primal.net/HHVG.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Verifying my Nostr Nests identity: eL7I81KUB3fBVIbU9aD1puHZ5ytx1bOQ9tGcGQpE740 https://nostrnests.com npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Until $420,000.00 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Gotham City ❤️ npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Holy shit, hashrate coming back with a vengeance. Also, where did all the ordinal inscriptions go? 😂😂😂 http://nostr.build/i/f028280ecb0b2254c70023b7183d7f84996b804726e1451d3f06e91eab6047cd.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang 🥲 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang 🤜🤛 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang OMFG… I CAN’T STOP BUYING #BITCOIN npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Let them all burn. Nature is healing🤙 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Yeah it’s beautiful! It’s a 1.5 hour hike to get up here, but worth the work! (You can take a gondola up as well) npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Starting the day with a hike to the top of Grouse Mountain. #PoW https://nostr.build/av/1551e061a0195bbdbc57f7e4aba4c23e624930452a862da0103c62a15d8ee2b9.mov npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Hi Jack, I know Strike’s focus right now is on bringing #bitcoin to the southern hemisphere. But I am just wondering if Canada is also in the pipeline? Thanks! npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Yup. I was very confused by the concept in the beginning and kept wondering why I couldn’t recover my wallet. But now that I’ve figured it out, it’s become a game changer for me. Setting up a new private key, I made sure to make my passphrase something that I would never forget. 😁 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang I just discovered the concept of adding a passphrase to protect your seed phrase and it is blowing my mind 🤯 Damn it, I love #bitcoin! npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Exercising is proof of work where no one else will be able to rug you. #PoW https://nostr.build/i/7f8063b21809fd2f9abfdaf4f6de6b41aac638beb09acd72fb53f237d0907ca2.jpg https://nostr.build/i/b6248034ec8d1ca3d3a8406fe2d292aa7256e615343e5b4786ec658e8825fce3.jpg https://nostr.build/i/b24efe7704b05584afeef174048dc8ed79006af4c3be40c37d1e74618f1e977c.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Beautiful sunset at English Bay today. https://nostr.build/i/60cd340d6de7e5e7abc85223f4f0d7e53e9056516e4b8b32d7008db269a6b5b8.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang 😂 they don’t call it a lottery for nothing eh. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang 😉 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang This little thing came in the mail yesterday. Running a traditional miner at home isn’t feasible for me at the moment, but I’m happy to do whatever I can to support the most important protocol of our generation. Also, it’s great knowing that no matter how low the probability may be, there is a chance that I might get a valid block. Love the community that we have here. Tick-tock, next block! #bitcoin #nerdminer2 #plebchain https://nostr.build/i/7b967164db3a50950a4d54593e93812615578257abb0b0f8ffd8e2d6b8c26fab.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Thank you :) will be reading it over before I do a fresh setup. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Thanks! npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang That’s true. Thanks! npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang I will be migrating my #bitcoin from a ledger to a jade. Is there anything I should be watching out for? Should I set up a completely new set of seed phrases, or should I just recover using the ones I already have? Any advice would be greatly appreciated. Thanks! npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang ⚡️⚡️⚡️⚡️⚡️⚡️⚡️ npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Game 2! Let’s gooooo! #NBA npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Let’s fucking go! https://nostr.build/i/0622252c640f5ed393a3fd1c5a0ab713ffa810598296a6a8874e82707cb61a35.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang I’m on this beta right now. Pretty stable. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang People think that just buy #bitcoin and you’re all good. Um…no. You gotta get your life on track too! You can’t just buy #bitcoin, still be a net consumer, and expect everything to just turn out fine. You have to get your personal finance in check and make sure to be a net producer. If not, sooner or later, you’ll be forced to sell your #bitcoin. https://nostr.build/i/9979622a1d541f2aa4fa073a954235e725c867431da488144ed1c1faa9776ea0.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang One more quarter left. We’re in the final stretch of this #bitcoin epoch. https://nostr.build/i/d64e9ed3600d2c8c4d144321792132190ef4aab38d6b80c228b9fc26564e25fb.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang New governor, old tricks. You can’t taper a Ponzi. https://youtu.be/ca-QZ2hPtTU npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Hahah fingers crossed 🤞 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Damn… forgot to tag on this screenshot. https://nostr.build/i/c003808a6afe1493560da8a3226151e2b023ca041562183bfdba64a6a4c7d7bd.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Looks like it’s safe to say that the next #bitcoin halving will be taking place some time next April. Wouldn’t it be nice if it happened on 420? 😉 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Found this on twitter from @HodlSouth LMAO https://nostr.build/i/nostr.build_5cf86b7e12a0f0a571952d68ca5362d9db1706268b69f9b0dd08518a25614eb5.jpg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Yes…. When we first came to Vancouver in 1997, you could buy a detached single house on the west side for ~$400k. Now, nothing on the west side is below $2 million… a one bedroom condo in downtown now costs $600k, more than a single house from 1997! How fucked it is that. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang The fact that after 23 years, Gladiator still looks like a modern day movie shows how well made it was. https://nostr.build/i/nostr.build_9221e9db40da8d7e17f41fe1744055f6157658ac644bb53392eb06b65dec1920.png npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Do you have it on test flight? You need to update to 1.4.3 (6) npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Go to Settings in Damus and then Zaps. There is an option for #onlyzaps Turn it on, and voila! npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang 🫡 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Ah I see. It’s an options in the settings. Thanks! npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang How come some posts can still be liked, but some can only be zapped? #nostr npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang 弄(no)死(s)它(tr) English meaning: kill it The “it” refers to centralized networks. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Home insurance premium went from $292 last year to $492 this year. When I asked why, they just said:“inflation.” This is getting ridiculous. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Works! Nice! #note1vre…l0vw npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang The thesis for #bitcoin is simple: Whenever there is a crisis, the first thing that governments from all over the world will do is print money (dot com bubble, 2008 GFC, COVID, etc.). The reason they have to print is because our society is built on credit and debt, and the debt is collateralized by assets like treasuries, stocks, real estate, etc. When a crisis happens, the value of all collateral will tend to decrease (everyone will look to liquidate for cash). But since our financial system is leveraged up to the eyeballs, a sizeable decrease in the value of collateral will cause a cascading liquidation of all debt. We can’t have that because then the politicians will lose their jobs. In the end, all politicians will simply choose to kick the can down the road by printing money to cover the holes, and the cost of this money printing is the debasement of our money. Therefore, as long as this system continues to chug along, we can expect our money to be perpetually devalued. Since #bitcoin has an immutable monetary policy that will only ever produce 21 million #bitcoin, in the long run, we can expect its price to increase perpetually against currencies that are perpetually debased. In simple terms, #bitcoin is the ultimate anti-fiat. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang 🎯 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang The hard truth is that most people will always choose the high time preference path first. Coming from a fiat mindset, they will opt to “invest” (gamble) with crypto scams, all in an effort to make more fiat. But when we really think about it, which crypto project has ever achieved what is promised in its white paper? People need to understand that #bitcoin works just like how money is supposed to work. It promises nothing but to be a replacement to the easily manipulated fiat currencies that we are forced to use today. When you truly understand #bitcoin, you’ll understand just how important this protocol is. #bitcoin is not crypto. It is simply another form of money that has an immutable monetary policy. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Somebody should check on Taleb. His shorts must not be doing so well right now. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Because you think bitcoin is the same as other crypto scams. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Lol he’s an idiot. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Yup. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang I would thank them for their sacrifice. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang I have only one request: Please let this coming #bitcoin bull market be so marvellous that my face is completely melted an ripped off. That is all. Good night #NOSTR npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang It’s that time of the year again. ⛹🏻♂️ https://nostr.build/i/nostr.build_14cbfee0791fe302e827aa6dd474f8c3551be10b5612adf082f475f7be1da748.jpeg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Damn… shitcoiners are here. I’m not gonna give those shitcoiners the benefit of sharing a screenshot, but they’re leaving spam replies on posts now. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang This is a side of #[1] that we haven’t seen before. I like it! npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Haha yeah it’s super cool. Simple too! npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Yeah, that would be insane. But chances are slim to none. Then again, one can dream right 😁 npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Mining #bitcoin https://nostr.build/i/nostr.build_d3a268134e79859ee5e50a01bb052c99e3325b2788cdae23a89e38399bb7600d.jpeg npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang It’s amazing to witness #Bitcoin twitter migrating to #NOSTR. Recent shenanigans pulled by Elon will probably force even more bitcoiners over here. NOSTR is essentially all signal, while twitter is becoming worse by the day. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang So now we know why banks aren’t raising their interest rates for savings accounts: the majority of their revenue comes from net interest margins. Since the banks hold lots of long term treasuries/mortgage backed securities, as rates went up, those assets got devalued, causing them to go under water. The only reason they can continue to hold those assets is because they can listed them as unrealized losses not sit balance sheet. If banks raised rates, they would start running deficits, which is bad for business. The irony here is that since the banks can’t raise interest rates, their customers are taking their money elsewhere to generate higher yield. This loss in deposits is forcing the banks to sell their under water assets, turning unrealized losses to actual losses. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang GM ☀️PV 🤙 Who’s up for grabbing some cheap sats!? npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang This deserves a ⚡️ npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang In times like this, when interest rates keep going up along with prices, the only way to protect ourselves is to increase our earning power. With increased cash flow, we can store any excess amount we have left over in Bitcoin. The best way to do so is to learn a new skill. Right now, tradesmen (electrician, plumber, carpenter, etc.) are in extremely high demand. Learning a trade requires a lot of work and time, which in essence is very representative of what we all associate Bitcoin with: proof of work. While AI may be able to replace some positions in fields such as writing and computer programming, I think it will be quite hard to AI to replace tradesmen. Therefore, I think it’s a very good idea to start learning a new skill in trades. I am trying to decide whether I should go for a plumber license or an electrician license… any suggestions? npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang An example would be an individual that didn’t have their income increase at the same rate as the food they are eating. npub1zet0ny2z0knagd7da34cex505ep7kqlj6ppjjltwjhw76tew060q2rrzl6 stevenyang Thank you for your insight. But this is one of the reasons why we should look at inflation as a vector. While food prices as a whole might be the cheapest it has ever been right now, for some it’s the most expensive it has ever been in real terms. It all depends on who, where, and what we are looking at.