Bitcoin fixes alot of things. But I don't think it could fix that wet bench.

Unless we use the heat from miners to dry it out 😳😂

#bitesizebitcoin

https://m.primal.net/HyOZ.jpg


paying using the Lightning Network today in Warsaw at The Bitcoin Film Fest

https://m.primal.net/Hxzs.jpg


#bitcoin & bread. No circuses

https://m.primal.net/HxlZ.jpg


I'm tempted to go in and ask!


My apartment is sat amongst ~15 bank headquarters (within a 0.5m radius). Its ironic because I'm here celebrating here Bitcoin. 🍾

https://m.primal.net/HxjJ.jpg
https://m.primal.net/HxjL.jpg
https://m.primal.net/HxjM.jpg
https://m.primal.net/HxjP.jpg


Landed in Warsaw and ready for the halving. What an amazing building to host the event at.

https://m.primal.net/HxQV.jpg
https://m.primal.net/HxQW.jpg


176 to go 🫡

https://m.primal.net/Hwwy.jpg


Heading to Warsaw from the UK tomorrow to celebrate the halving and watch some great Bitcoin films 🫡🫡

zap me!


not your nsec, not your nostr 🤷🏻♂🤝

zap me!


Spooks are everywhere
https://m.primal.net/HwTp.mov


Listen and Read my latest article here:

https://ticktocknextblock.substack.com/p/bitcoins-antifragile-revolution-is


or Nostralgia?


What content generates the most Zaps on here?

I'm building a monthly Bitcoi. only magazine that I plan to publish on 1st of every month. What are my option to make it a Nostr only publication? 🤔


So it works, ty 🤝


How many Zaps can I get for this post?

please zap


Gordon is based.

https://m.primal.net/HvfS.jpg


is #Substack decentralised because it uses email? 🤔


lfg.


Bullish on Nostr.


Odell is going to win social media

nostr:note1d2n2hhndr0hpm83tygg2vj02jv806kj9wahua46kw54ltt7c4a6s26w4px


Xitter subscription news?


I see. it must be because my WoS is connected to my Nostr acc and I logged in using that


I'm ready to quit xitter. I'm fed up of the bots


it's not a "everything" (he can control) app then. No way he implements lightning or similar.


got you


Help me understand how mutiny wallet works. I understand the fedirations part. I just understand how I've just connected my WoS (a non custody wallet) to mutiny via my Nostr nsec. Then mutiny asks me if I want to secure my account with a seedphrase. It's probably easy to explain, but what am I missing?


Is anyone using mutiny wallet? I've just downloaded the app and it's connected to my WoS through Nostr. Can someone explain how this is self custody of the coins in a mutiny wallet if the WoS is not🤔


699 blocks to go. Tick Tock

https://m.primal.net/HvSY.jpg


will this be available in the UK?


I disagree. We are human after all.


what a recovery!

Geopolitics knocks the Bitcoin price down from a local high of $72k, down to $59k.

I wake up this morning to see we are tapping on $66ks door.

Bullish on Bitcoins war effort.


Dollars scarcity is relative.
#Bitcoin scarcity is absolute.


It's interesting that the only market to be open during the conflict yesterday (GMT) was Bitcoin. The price dipped and was a true reflection of a free market.

Further evidence that the fiat markets (having the weekend off) do not reflect a free market. There is an opportunity for politics to influence this market before it opens again on Monday.


#Bitcoin stops proxy wars.

It makes them unaffordable


expensive 👀


they're yelling Freedom from their mind cage.


when I read The Art of War by Sun Tzu. 🌞


he's playing chess. Gina is a pawn. He's going after Disney's platform users.


Saylor responded Matt

https://m.primal.net/Hufk.jpg


@lopp doing gods work

https://m.primal.net/HufZ.jpg


Question: Is their one block chain where all of the bitcoin transactions go or is their thousands of block chains on all the nodes verifying individual transactions? 🤔


It's all going to Zero.

https://m.primal.net/HuSS.jpg
https://m.primal.net/HuST.jpg
https://m.primal.net/HuSU.jpg
https://m.primal.net/HuSV.jpg


What is Mandibles?


I can't take this magazine serious. How is it not being called out for this dogshit?

https://m.primal.net/HuRT.jpg


#Bitcoin is money. Not a company.

Too many people look at it like it's a start-up.


burnt.


wen RHR??


appreciate the sats sir!


I want to #zap you 2,100 Sats!

Good morning #nostr! It has been about a month since I joined and I'm loving "Self-Soverign Social".

My challenge has been connecting with like minded folks, which is surprising because if we are both here on nostr we likley share at least an interest in decentralization and #bitcoin.

So I want to try a little experiment this morning. I have just under 500,000 sats or about $350 in my  nostr:npub1flm9yc3vhc3dj036pn3ysl5xwd4f5gyhyjnn9rzehs5mqe9y9ynq6qrg9q account, I want you to help me empty it!

Please follow me (if you are not already) and share this post and I'll zap you 2,100 sats until I run out or have to leave the office. It's about 8:45AM EDT, and I'll be zappin' until at least 3PM (or until I'm broke).

In theory this should yield about 235 paid engaugements, which will hopefully amplify my presance here and help me connect with some like minded folks.

Lets see how it works out, I'll share my results!

https://m.primal.net/HuGx.png


I have a complex with people who say 'BTC' more than they say Bitcoin. I think its to do with my negativity bias towards exchanges, especially centralised exchanges. And BTC is the ticker symbol ofc.

#notyourkeysnotyourcheese


To understand bitcoins volatility we first must understand the the fundamentals of "why bitcoin?"  To answer that you could say either of the following:
1. It's the perfect store of value over longer periods of time, with downward price movement in the short term as a natural result of price discovery.
2. Recognise that fiat currencies are being debased everyday by government policy and its store of value decreases consistently, with no upside.
#bitesizebitcoin


awesome thanks for the heads up and the sats!


what is #zapathon?


When you first interact with someone who is interested in finding out more about #Bitcoin but doesn't know where to start, what do you say to them?

For me, I say: to understand #Bitcoin first, you need to find out the answer to the question: What is money?


The #Bitcoin network returns sound money to the world. It is a beautiful thing that most people either take for granted or simply do not understand.


One year ago, the price of #Bitcoin    was $30,226 😭😭


There's a cultural difference between shitcoins and Bitcoin


Can anyone help me find someone who writes Bitcoin Fiction &/OR Creative Writing?


I don't believe Nick Szabo's vending machine analogy to describe smart contracts is used enough.

The "contract" between a consumer and a vending machine says that if the consumer inserts a coin, the machine through an automated response-dispenses a can, without any human involvement.

The public key is the coin. The automated response is the private key.

If the public key (the coin) is the wrong type, it won't match the private key (the automated response), and the transaction is therefore denied.

#bitesizebitcoin


why is their so many damn Dan's on my feed?


I'll be there 👍🏻


To think we are so early. Yet we have come so far. Imagine trying to figure out the solution to this.

https://m.primal.net/HsOx.jpg


disconnect 😪


when I see a Morris Stevens I diaconnect.


Are you on the Orange Pill App?

Let's connect: https://orangepill.app.link/sean3006-JYDGI


Ordinals, Shitcoins and painting Cz like he's some sort of martyr.

Are we on the verge of blocksize wars 2.0?

https://m.primal.net/HrxU.jpg


Latest article

https://open.substack.com/pub/ticktocknextblock/p/high-vs-low-time-preference?r=3imkhd&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true


is their a way to post articles on here or do I just post the link?


🫡

https://m.primal.net/HrvT.jpg


Bitcoin Film Fest are killing it right now


Today's edition of Bitesize Bitcoin is about High vs Low time preference.

Look out for it at 2pm GMT.

Although, what does this mean to you?

#bitesizebitcoin

https://m.primal.net/HrXQ.jpg


Proof of Work

https://m.primal.net/HrJP.jpg
https://m.primal.net/HrJQ.jpg


Inflation is addictive.

Early stage, inflation does appear to benefit the economy.
When it first sets in, it pushes prices up to higher levels than businesses had foreseen.
This would come as a very welcome surprise, as they can sell their products for more money than anticipated and enjoy bigger profits.
Businesses that struggled and would otherwise have failed, could keep afloat thanks to an unexpected boom.

Inflation is like a drug, its the real war on drugs.
#bitesizebitcoin


Bitcoin isn't an investment.

It's savings.

We just don't realise it because we think saving is investments to shelter from inflation.

Keep saving.

#bitesizebitcoin


P
  R
     I
           V
                    A
                            C
                                       Y
                                             ...............

https://m.primal.net/Hpir.jpg


Some thoughts...

The reason why the Soviet Union collapsed was because free markets where introduced (amongst other political influence ofcourse like Gorbachev).

Once the free market was established, those inside of the Union realised how bad the conditions where, for example they used to put photocopiers under lock and key - no free market, no free speech - that's how it works.

That was the end of the Soviet Union.

Now think about this..

'Most' of the people in the west don't even realise just how bad it is now because its been indoctrinated into us for decades.

And ignorance is bliss.

The information was suppressed by photocopiers and newspapers and books being unavailable in the east back then.

Here it's the big tech companies censoring politically incorrect people and banks financially censoring politically incorrect people, or the legal system censoring politically incorrect journalists.

It's happening right now.

And from what happened to the Soviet Union, if you consolidate power to a small group, a free market is eventually triumphant.

Bitcoin is that completely open and free market which is readily available when the U(S)SA eventually topples. No financial repression, no censorship.


Ross is 40 today. He has so far served a decade in prison for facilitating free trade.


When we talk about the imminent halving, we generally forget what it's really about.

Yes, the block reward halves - the network has potential for more growth, the price of Bitcoin denominated in dollars will most probably shoot up too. Something to celebrate in itself.

Although, the main reason for the halving of the block reward is to keep inflation under control. As the block reward halves it increases the value of the Bitcoin already in circulation because their will be smaller denominations with more purchasing power.

In a fiat system if more money is created, the value of the money already in circulation goes down because the supply is uncapped.

The fiat system steals from you via the invisible inflationary tax. Something that is hardcoded into the Bitcoin protocol, not to happen via the halving.

Take a look at this article and see how inflation damages societies: https://english.elpais.com/international/2023-03-07/venezuelans-struggle-to-survive-on-the-lowest-minimum-wage-in-latin-america.html#


Today I added how the raising process will go, take a look and please give me your feedback.
https://m.primal.net/HoZe.png

Here is the link: https://geyser.fund/project/bitesizebitcoin


Reading Vitalik Buterin's work for Bitcoin Magazine talking about PoW is both nostalgic and ironic.

Take a look at this very helpful piece about the Bitcoin Halving from 2012.

https://bitcoinmagazine.com/technical/block-reward-halving-a-guide-1354053560


It's ironic that 13,000+ other cryptocurrencies are relying on the Bitcoin halving to see considerable price movement.


Tonight I added some mock ups of how the Bitesize Bitcoin platform will look when it's developed.

I've also added some rewards for those who contribute.

As always I'd be grateful for your feedback

Take a look at the business case here:  https://geyser.fund/project/bitesizebitcoin

https://m.primal.net/HoSP.jpg
https://m.primal.net/HoSR.jpg
https://m.primal.net/HoSQ.jpg
https://m.primal.net/HoSU.jpg
https://m.primal.net/HoSV.jpg


Your feedback would be very welcome 🙏🏻

https://geyser.fund/project/bitesizebitcoin


Everyone is just sat waiting for the halving


they're all rare


are you not on LinkedIn anymore?


People don’t realize how far hodlers are going to go.


done


Everything is a rich man's trick!

https://youtu.be/4oVpt_I9iQQ?si=9sSowDO4GGDe_sOv


not pseudonymous though?


The Godfather sponsored this video


The total amount of Bitcoin locked in the Lightning Network (LN) compared to price over time is shown in the graph.

During the last bull run you can see that the LN grew exponentially (up and to the right) although during the beginning of this bull, their was a significant drop off and its now trending down.

In my mind I am thinking this is technical difficulties, meaning the speed at which the network is growing has affected the ability to attend to bugs, security and compatibility.

What could be the reason for this trend down?

https://m.primal.net/HmjF.png


81 addresses holding more than 10,000 Bitcoin each, which collectively hold over 2.5 million BTC.

The custody structures of these addresses are varied, including singlesig, multisig with different quorum requirements (e.g., 2-of-3, 3-of-5), and some unknown structures.

A significant portion (70.7%) of these wealthy addresses use singlesig, which could employ Shamir's Secret Sharing or Multi-Party Computation for threshold security, but the details are not publicly recorded.

Multisig addresses account for 21.3% of the wealthy addresses.

If an account is holding more than 10,000 Bitcoin and is only using singlesig they are missing a big security opportunity.

The reason the wealthy hodlrs don't have multisig set up is because they probably just don't know it's available and/or they haven't been given the education to understand how it benefits them.

https://bitcoinmagazine.com/technical/how-do-the-wealthiest-bitcoin-holders-secure-their-bitcoin


based.


Hello!


Great to see you here 😀 👍🏻


hey 👋🏻


Hi Floss, I'm in NW England 🏴 Great to see you here 😀


Hey!


Nice to see you here 😀


welcome 🙏🏻


Welcome 🙏🏻


welcome! 😃


Yesterday I helped someone get their Bitcoin off Binance and to an air gapped Hardware wallet.

I also helped them set up a lightning wallet and sent them some sats as a 'well done'

The ultimate satisfaction is when they sent me some back.

It feels heroic everytime.


study Bitcoin


According to the Credit Suisse Research Institute, total global wealth is currently valued at 6.32 billion #bitcoin   ...but here's the thing...there will only ever be 21 million #bitcoin   . The world is overvalued by 300x.

https://m.primal.net/HjqR.jpg


Are there any academic papers available to explore Bitcoin security?


The total amount of satoshis that one dollar can buy you.

https://m.primal.net/HjZZ.jpg


😅

https://m.primal.net/HjTV.jpg


If you leave your Bitcoin on an exchange long term, are you participating in building a new factional reserve system?


No “evidence of control” over cobalt suppliers

https://arstechnica.com/tech-policy/2024/03/apple-and-other-firms-dont-have-to-compensate-victims-of-forced-child-labor/


LinkedIn is downstr


To think I use this app to schedule all of my meetings on line 🙃

https://krebsonsecurity.com/2024/02/calendar-meeting-links-used-to-spread-mac-malware/


insurance is a shitcoin


#OnlyNostr


Meta is.....

https://www.bleepingcomputer.com/news/security/200-000-facebook-marketplace-user-records-leaked-on-hacking-forum/


Time to pump some more?

Liquidity grab over?

https://m.primal.net/HiGP.jpg


YouTube seems to be working fine here in the UK.


woah!!! Didn't know that.


Nostr seems more active.

#Meta #Downstr


ok I did. but before the outage 😆


Wow 400,000 people have reposted Meta outage 😲, Get off and come to Nostr 😂


seems to be just Meta platforms that are down


when you centralise any system, it's easy to infiltrate


congrats 👏🏻


developed world philosophy 👌🏻 😎


Micheal Bazzell, recommends Bitcoin in the 4th edition of Extreme Privacy.

Bitcoin is a pseudonymous system and you can take precautions to make sure transactions are private.

Here is how I think you can achieve that in no particular order:

1. use multiple wallet addresses and avoid reusing address.

2. use mixing services like CoinJoin.

3. your privacy can be enhanced by using browsers like Tor or introducing VPN to obfuscate your IP address.

4. Do offline transactions - P2P. This could be considered high risk and not something most people would be comfortable doing.

Did I miss anything?

This information might sound over the top or showing similar traits to what criminals might do, although the amount of surveillance we encounter on a daily basis through our transactions is becoming more and more Orwellian.

This is before we have fully adopted CBDC's .

https://m.primal.net/HhrM.jpg


Can someone explain this to me. How does a sitting president get away with so much voter fraud?

https://m.primal.net/Hhqg.jpg


it's all good baby baybeh


I'm going to tell my grandchildren that this is how we used to write our seedphrases down

https://m.primal.net/HheT.jpg


Hypothetically thinking .. if power/electricity is machine calories, and Bitcoin is the machines metabolism, does AI and Bitcoin confirm we are in a simulation? 😕


"Everyday that goes by and Bitcoin hasn't collapsed due to legal or technical problems, that brings new information to the market. It increases the chance of Bitcoin's eventual success and justifies a higher price"

- Hal Finney


this is helpful https://nostr.com/


according to Jeff Booth, tech naturally becomes cheaper in a Bitcoin economy right?


looks great 👍🏻 👌🏻


How far away are we from it being standard to heat your home using Bitcoin miners? Thus creating a circular economy.


Free advert for Nostr.


Hal is wrong. 1 Bitcoin = 1 Bitcoin


what the algorithm wants is not the same as IRL


Wow, so cool!


TY


Yes, sure


so cool


can you do this with any picture?


You have 30 - 60 seconds with your local politician. They tell you it would be easier for Bitcoin to go onto Proof of Stake.

What is your response?


2.1 quadrillion satoshis. That's it. That's all.


.

https://m.primal.net/HgNM.jpg
https://m.primal.net/HgNN.jpg


Cracks in centralised systems are always on show.

Bitcoins total down time in 15 years is 99.9%

It has only been down twice.

Once in 2010, and another time in 2013.

https://www.btctimes.com/news/coinbase-experiences-downtime-amid-bitcoin-surge-citing-high-traffic


aesthetics on point, especially with the art on the wall


The modern day bank run

https://m.primal.net/Hftu.png


Number go up. Study Bitcoin
Number go down. Study Bitcoin.


What is your line of work? Will it be affected?


Polls


inflation is good for rich people. bad for poor people. what if it was distributed in a trickle up economy where the poor gets fed/watered/sheltered and then some extra for recreation and education. Suddenly inflation isn't a problem, right?

What if the printed money is distributed via protocol and not policy.


If money printing is bad because it's manipulated by central entities - so they can create the Cantillon effect.

Why isn't money printing good if it is decentrally distributed?


amen


GMT

https://m.primal.net/Hepl.jpg


I've got something else for you too one moment


Was Satoshi a Brit?

https://m.primal.net/Hepl.jpg


Holy shiiiii........


did you see these... https://mmalmi.github.io/satoshi/


ah! makes sense now. I read what you replied out of context. thanks for that


Bitcoiners value privacy so much, how does this change how marketing is done? Adding pixels and cookies to a marketing campaigns doesn't feel like it fits in with the philosophy. How do we fix this?


huh?


I belive they were used in the trial against Craig Wright.

There is several citations of the crypto mailing list where Satoshi uses Bristish English as opposed to American English. This is common knowledge.


yes


If true. Adam knows who Satoshi is. I don't believe these are real though because of the Americanisation of the English. For example they use 'Z' where they would use an 'S' in the cryptography mail list.


If true. Adam knows who Satoshi is. I don't believe these are real though because of the Americanisation of the English. For example they use 'Z' where they would use an 'S' on the cryptography mailing list, which is common knowledge.


I just sent my 5 y/o daughter some sats.

She typed in the amount and scanned the QR.


When we look at the not-so-great side effects of inflation and debt, one of the lesser talked about by products is the suppression of innovation.

Why do debt and inflation lead to a suppression of innovation?

Most of us haven’t heard the term “zombie company” before. 🧟♂  💼

A zombie company is a company that is unable to support itself financially. This signifies that the product or service the business offers either does not have enough demand or that the business has been fiscally irresponsible and is unable to service its debt.

This business should therefore restructure or declare bankruptcy.

When the government suppresses interest rates in order to make it cheaper and easier for companies to access capital, we increase the number of zombie companies in the economy.

Rather than propping up unsustainable companies, we should allow the natural life cycle of a business to play out.

When a new business has to compete with an ever-increasing number of zombie companies, it becomes ever more challenging for that business to succeed and prosper.

Instead of focusing on innovation, the business must use a portion of its resources to compete.


Is someone in her ear?


WE STAND WITH YOU nostr:npub1xw7h0efeg5s8gla2uyu55jh4lfrlgppcjemrwkmdc7lgvhkcz3fqpvumsa 🫡

https://m.primal.net/Hdxv.mp4


hahaha!!


Why is every quote/statement in the Bitcoin sphere now being signed off with 'anon'

What did I miss?


GOOD MORNING NOSTR, IT IS IMPORTANT TO RENOTE GOOD NOTES AND FOLLOW MORE PEOPLE ON NOSTR SINCE WE DO NOT HAVE A SLAVE TECH ALGO FOR DISCOVERY 🫡


not enough tea and scones in this picture


The countdown is on! April 19-21, Warsaw Poland. #EuropeanHalvingParty powered by #BitcoinFilmFest & Frens. Who else is coming?

https://nostrcheck.me/media/public/nostrcheck.me_8088792738634705221708184381.webp


Bitcoin is legal tender everywhere.


whats is a wet zap? 🤔


opt out.


I appreciate that thanks 😊 🙏🏻


What is the best search engine on the Internet for unbiased media and aimed at those with critical thinking in mind?

I'll only post this on Nostr because 'algorithm' bias.


what day was the put in interview released?


Act accordingly. Book a call with me.

https://m.primal.net/HdJi.jpg


Laser eyes Larry Sphincter needs to stop.

https://youtu.be/MNWftgapuAY?si=RuekMTBQFmnkD88_


no way. The picture quality was so good back then. I remember.


Ignored


i remember that Gates interview having a sharper picture


Congrats Ben


5 minutes tinkering with my website has lead to 2 days rebuilding it 😳

I added the Nostr logo/link as a form of contact, which is pretty cool.

Should be live again soon. 🤞

https://m.primal.net/HdBP.jpg
https://m.primal.net/HdBQ.jpg


Great talent you have their ser


Was it flowers or chocolate today?

https://m.primal.net/Hcmb.jpg


just noticed it was a pizza amongst all that cheese


https://m.primal.net/HcVO.jpg https://m.primal.net/HcVP.jpg https://m.primal.net/HcVQ.jpg

What does your marketing look like?


at what stage do we call it insider trading?


I recently made a contribution to Love is Bitcoin on behalf of Bitcoin FilmFest 🎬🐇 take a look and tell me what you think.

Your feedback is very valuable to me, so please let me know what you think.

At the the end of the article is my lightning wallet address, so share the love if you enjoyed it. ⚡

Or zap me here.

Here is the link to the article:

https://loveisbitcoin.com/from-the-heart-of-bitcoin-and-cinema/


"Did anybody see the Tshirt?"

"Even if they did, they'll still think it's some Indie group"

"110 million people just watched Jack next to Jay and Bey, with a Satoshi top on"

"I seen Jack but the top didn't register"

"Photoshopped"

These are just a handful of comments I've seen about Jack Dorsey and his Satoshi Top.

The main thing is..

A massive community are talking about it.

It's great brand awareness.

Perfect timing too.

Fresh off the ETF hype train. A few search engines will be cluttered with "Satoshi" searches from Super Bowl lovers globally.

The saga continues.

https://m.primal.net/HcKT.jpg


If I had to some up cryptocurrencies in one picture.

https://m.primal.net/HcHo.jpg


I'm looking forward to this 🤯

nostr:note196lf5g52ew0tnjaa9cjesq56rrk95ghnh47cv79kxm44093cktkq0g88gk


When businesses take out a loan in their native currency, are they contributing to its debasement?

When business is taking out the loan they are now shorting the market, they are in debt to the market.

Now that money has been borrowed out, the bank can justify printing new money because the debt has been agreed by way of a loan.

When more money is printed by the central banks the purchase power of the currency already in circulation is now worth less than before the new money was printed.


Bitcoin Cinema (could be Binema, Right?)

It's a new concept to me that I have been pondering for a few weeks.

Before I was introduced to it, I knew I was an avid pleb. Being a pleb is not just reciprocating that Bitcoin is the new God.

Although, I probably project myself as a psychopath to 'normies'.

I'm always posting about this magic Internet money being the next best thing since Jesus moved the boulder.

It's also a culture, a philosophy, and a life style to plebs.

From what we eat (no joke) to what content we digest.

For example, the message being portrayed by MSM is generally propaganda and what I like to call shitcoinery as a general term.

For that reason I don't watch the MSM news and do my own research via multiple sources before deciding. (POW)

This could be a sane approach to everything, although it's also a Pleb philosophy.

My point is, Bitcoin Cinema opened my eyes to why I stopped watching films purposely too, I knew I didn't enjoy it anymore, and going to the cinema got way to expensive for me to have my mind manipulated by the latest agenda being pushed by Hollywood.

As well as the price of popcorn and tickets not being worth the inflation hike.

(Not forgetting the Epstein culture being painted everyday)

I've watched a few Bitcoin Films curtesy of Bitcoin FilmFest 🎬🐇 and I've started to enjoy cinema again, so much that I'll be heading to their festival in Warsaw in April to enjoy the experience.

These films are both short format and long format. And the quality of the filmography is incredible. Originally I thought it would  be a bunch of rebels with an iPhone trying to jump on the Bitcoin wave. This was a typical uneducated approach, until I dug deeper. And found out how much effort goes into these films 🤯 (POW)

Since watching some of the films, I've noticed they put Hollywood to shame. They are real films produced by real, proffesional and competent directors. No political agenda. Just raw and real romantic between me (the viewer) and the screen.

It's refreshing.

My mental health catches a break when I'm watching. I'm not worrying what the next agenda to be pushed onto my children might be, for example.

I can relax. And enjoy the real stories.

Bitcoin Film Fest are making sure Bitcoin films are in reach for everyone to see. Take a look and see for yourself what they've been doing.

** (POW) is proof of work 😂🫡 I'm not POWing like in a comic book. **

https://m.primal.net/HbRB.jpg


Surely you must have your tickets booked to a halving party by now? 🤔

I'm flying out to Warsaw to celebrate the block halving with some fellow plebs from Bitcoin FilmFest 🎬🐇

As well as a halving party they will be holding a film festival too, with the world premiere of #DirtyCoin 🤯

I am very much looking forward to it.

How are you celebrating?

I got my tickets here: https://bitcoinfilmfest.com/europeanhalvingparty/

https://m.primal.net/HbRB.jpg


We kicked off BINEMA in Africa two weeks ago!

And there will be more such events 😎
https://m.primal.net/HbFY.png


I'm not on the app yet, maybe I should get myself on there


he's shilling two shitcoins too. SMH


just use the wheel. It doesn't need reinventing. Right?


awesome catch 👏🏻


Oh! I just realised who you are. Are you playing at the Madeira music festival at Bitcoin Atlantis?


nice. When is it? I was in the telegram group but i think i deleted it when i had a cull. Are you in the group on there?


preston has one and there's a lake district one too


King Charles has Cancer. And Nostr(damus) had it written.

I picked this book up in 2021 and thought nothing of it because the news of him abdicating didn't come true.

https://m.primal.net/HarS.jpg
https://m.primal.net/HarT.jpg


Small world - I'm in Lancaster


which part of the UK are you in? I'm in the north west so prices differ from down south


must've been Lurpack!


🇸🇻🎉 Nayib Bukele secures a landslide victory for a second term as President of El Salvador!

His leadership has not only tackled gang violence head-on but also pioneered Bitcoin as legal tender.

The narrative is clear from MSM ofcourse.

He's a Dictator.

If we consider what happened post 9/11 when the US invaded Afghanistan then followed up by invading Iraq looking for Saudi terrorists who crashed the planes into the towers.

Based on false claims that Iraq had WMD's, the mainstream media also backed the narrative then, and claimed Sadam Hussein was also a Dictator.

When in reality he was selling his oil for Euros and not Dollars. The US wasn't happy with this because it would devalue the petro-dollar. Baring in mind that the dollar is the world reserve currency and is backed by oil (Saudi oil).

So you can understand why they were p*ssed.

Which also meant he had to go.

Gaddafi tried to peg the Libyan Dinar to Gold and was also declared a Dictator.

He inevitably got the same treatment.

Nayib is now a Dictator because he has made Bitcoin legal tender.

All while the petro-dollar debases itself.

What's in store for Nayib? Is he destined for the same treatment?

The saga continues..

Tick Tock, Next Block.

https://www.btctimes.com/news/el-salvador-celebrates-president-bukeles-victory-and-bitcoins-survival


jpegs saved in the blocks being mined


another name for blockchain. its time (~10 minutes per block mined) in a chain


writing is hard. the feedback from the editor is harder


I recently learnt that a gold standard was unsustainable due to its ability to keep up with the speed of technology.

For example when the telephone was first used in commerce (1877-78), a transaction could now be made over a longer distance, at a faster rate.

The person transacting would give the call and then the ledger between the two would be updated. The transaction settled at a later date.

Instead of sending lumps of gold across borders to pay for things, technology enabled us to speed up commerce.

The speed of technology has kept on moving on an upwards trajectory, and getting faster. Meaning "slow" technology would get left behind.

Gold is heavy, hard money, but difficult to transport and store. And as much as a gold standard is ideal, verifying the transactions compared to gold reserves was too slow.

As technology gets more advanced and faster forms of communication developed, gold can't keep up.

Out of 200 countries on a gold standard, they all eventually abolished a gold standard, Switzerland being the last in 1999.

Possibly with the good intentions of keeping up with the speed of technological advancements.

Who knows? 🤔

Although, you can't deny the facts in the quote pictured.

And the cruel intentions of a minority group.

As with any centralised system, if it has one point of failure - it will be breached.

The breach in this case was greed.

https://m.primal.net/HaOy.jpg


I must read that. thanks for sharing!


I freaking love this platform 🫡😅


"An inflationary money necessitates the use of counterparties and leverage to try and keep up with inflation by earning interest, which is not the case with hard money"

- Lyn Alden


A graph that you will find difficult to unsee 😳

x and y are both in logarithmic as mentioned in the title.

https://m.primal.net/HaJj.jpg


yep. It's a huge gap in peoples knowledge about Bitcoin, and you mastered it. Congrats 👏🏻 👏🏻 👏🏻


Bitcoin price performance since the 2022 lows shows striking similarity to prior cycles, albeit recovering somewhat slower, but in a more resilient manner, according to Glassnode 📈

https://m.primal.net/HaJY.jpg


you have to commend this persons self awareness to understand this. It's difficult to comprehend for a lot of people. kudos 👏🏻 💐 🥳 🎊


Hi!


I didnt realise, although I'm in the Uk


Can we post polls on here?


Good point

https://m.primal.net/HZxf.jpg


Hawala is a decentralised network of specialised money brokers...

called hawaldars, that operates based on trust and reputation.

The system still exists today, using modern technology of emails and phone calls, and processes hundreds of billions of dollars in volume per year

Although the proto-banking system can be traced back over 1,200 years ago to early Arab and Indian traders.

The way the system works today is that "Person A" can go to a "Hawaladar A", and give them money and a password

Specifying a "Person B" that this money should be given to.

Separately, Person A tells Person B the password (via email or other forms of communication)

And Hawaladar A contacts a "Hawaladar B" in another country

Where Person B lives and gives them the password (also via email or other communication).

Finally, Person B can go to Hawaladar B, tell them the password, and they will be given the money by the Hawaladar.

The Hawaladars charge a small fee for this service.

Person A has effectively sent money to Person B internationally, despite no money flowing over the border, and without going through a formal bank.

The Hawaladars just update a channel based ledger between themselves.

Hawaladar A now owes Hawaladar B the money, which they can settle later.

These Hawaladars know and trust each other well despite operating over long distances, or know and trust each other through fellow Hawaladars, and thus they can maintain credit with each other in a way that non-trusted parties can't.

The reason this trust based system works is that the Hawaladars are proffesional merchants and they survive in this profession because of their reputation.

If a Hawaladar fails to settle a valid transaction, he'll no longer be trusted by fellow Hawaladars, and will no longer be part of the network.

This sounds eerily familiar 🤔 and is clearly very sustainable too.

https://m.primal.net/HZxO.jpg


100% 👏🏻


"Money is not an invention of the state.

It is not a product of a legislative act.

Even the sanction of political authority is not necessary for its existence.

Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state"

- Carl Menger (Principles of Economics)

https://m.primal.net/HZrz.jpg


2248? 🤔


It looks like Bitcoin is dead again 😉

The graph shows the price on January 28th 2013 - 2024

The price (denominated in fiat 🙄) was at it's highest on record for that date.

Which is interesting because it's Including the year of the ATH.

https://m.primal.net/HZqZ.jpg


Ever heard of fiat tobacco?  me neither.

In the early 1600s, Virginia, Maryland, and North Carolina began using tobacco as money, including as government decreed legal tender.

Since tobacco had a monetary premium placed on it above its utility value, there was a massive incentive to plant more of it..

.. and try to capture that monetary premium.

Unlike Gold 🪙, Tobacco doesn't have enough natural scarcity to prevent that monetary premium from being exploited.

The natural result of this premium was a major increase in the supply of tobacco, and this led to major price inflation for goods and services in tobacco- denominated terms.

In response to this excess supply of tobacco, colonial governments enacted restrictions on the planting of tobacco, such as by limiting production to certain groups, to create artificial scarcity in what is otherwise not scarce on its own.

In other words, only groups favoured by the government could act as the "tobacco money printer" 🚬 💰 🤑

Tobacco go brrrrr  😶🌫 💨 ***cough, cough, cough***

here's a wiki: https://en.m.wikipedia.org/wiki/Tobacco_in_the_American_colonies

***cough, cough, cough***🚭

https://m.primal.net/HZmG.jpg


When people think of hyperinflation, they often picture 1920's Germany.

It is defined as: "a term used to describe rapid, excessive, and out-of-control general price increases in an economy, typically measuring more than 50% per month or 1,000% or more per year." on Google.

Which imo is a very basic understanding of what happens, but does help me analogise the following stat..

The following countries have experienced hyperinflation since just the 1980's:

Brazil 🇧🇷
Argentina 🇦🇷
Yugoslavia
Zimbabwe 🇿🇼
Venezuela 🇻🇪
Poland 🇵🇱
Kazakhstan 🇰🇿
Peru 🇵🇪
Belarus 🇧🇾
Bulgaria 🇧🇬
Ukraine 🇺🇦
Lebanon 🇱🇧

🤯

And other countries such as:

Israel 🇮🇱
Mexico 🇲🇽
Vietnam 🇻🇳
Ecuador 🇪🇨
Costa Rica 🇨🇷
Turkey 🇹🇷

experienced triple digit inflation within that period. 😳😳


Bitcoin FilmFest 🎬🐇 have done a great job here in recognising films that meet the same philosophies and culture that Bitcoin represents.

What would you add to that list? 🤔

nostr:note1tghqfsqql7g7c3uezvhdyhnxhhen74zpxyzy5u589t2enqamtamqxfed0y


Binema!


"Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude"

- Alexis de Tocqueville

Have a great Sunday ✌🏻


The Hidden Cost of Money by Seb Bunney

Has really opened my eyes to how bad the legacy system truly is.

I had this view that cryptocurrencies/ shitcoins are the biggest con..

because they're the fiat system wrapped in a marketing plan that tells us they're decentralised.

Although when you start to understand how the legacy financial system trickles down into the knucks and crannies of society ..

monetizing everything it can get its hands onto in order to keep the money printer printing and the network users consuming mindlessly, that you realise what a ponzi it is.

I've never looked at it from the perspective that this book shows me, although it's visible in plain sight.

From our organisational culture to parenting and our mental health. Our privacy and our freedom - it's damaging everything, and not just our ability to spend it.

We are just realising the cancerous like effects this network forces upon us through oppression.

In most cases, without a bullet fired and by psychological operations that drive fear.

This might be the best book I've picked up.

Thanks for the contribution 🙏🏻 🫡

https://m.primal.net/HZVF.jpg


I often wondered why there's little to no interest from local council to act on problems.

Here in the UK a common problem is pot holes, they're all over the place.

Then when they're repaired, it's a job that's completed in an unsatisfactory way.

Drains are always blocked and continually clogging when heavy rainfall hits.

Tatty road-side hedges and weeds are seen more often, on pavements now than I've ever seen before.

Public places are less maintained and generally run down.

Youth programmes seem to be non existent or very much private.

Lack of transparency in their dealings.

Lots of the local business is being taken over by chains.

And they litter my letter box with the latest community engagement, with not much at all of interest in it for the local community except some bragging.

Now I understand that "public" companies don't even need to turn a profit to survive because they can print more money to facilitate their needs.

They have no incentive to do their job in the first place if the economy they're operating in doesn't hold them accountable via bankruptcy.

When the money that supports them is infinate and they are immune to bankruptcy (similar to banks) a consequence is a poor quality service.

At the expense of those private business who's tax is inflated because of misallocated money or the people who pay for the services because once the money is printed, their money loses purchasing power.

It's a monopoly on unproductivity and at the detriment of quality service.https://m.primal.net/HZGL.jpg


So Bitwise becomes the first Bitcoin ETF issuer to publish the address of their Bitcoin holdings..

Or giving "Proof of Reserve"

You can verify they holdings by searching the following address in a Block Explorer:

1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM

Although.. 🤔

Is the name "Proof of Reserves" false marketing?

For example the only thing PoR proves is that assets "exist" in a wallet.

It does NOT prove that you have access to the private keys to move the assets, nor is it proof that you aren't double pledging that same collateral to someone else.

Are these companies behind the ETFs trying to lure it's "customers" into trusting them, when they don't have to?

Probably.

Putting trust in another entity to protect a commodity like Bitcoin is and will never be a good idea.

Remember, buying a Bitcoin ETF with fiat in return for more fiat - is not buying Bitcoin.

Also, NYKNYC. ✌🏻


Nostr clue


I often wondered why there's little to no interest from local council to act on problems.

Here in the UK a common problem is pot holes, they're all over the place.

Then when they're repaired, it's a job that's completed in an unsatisfactory way.

Drains are always blocked and continually clogging when heavy rainfall hits.

Tatty road-side hedges and weeds are seen more often, on pavements now than I've ever seen before.

Public places are less maintained and generally run down.

Youth programmes seem to be non existent or very much private.

Lack of transparency in their dealings.

Lots of the local business is being taken over by chains.

And they litter my letter box with the latest community engagement, with not much at all of interest in it for the local community except some bragging.

Now I understand that "public" companies don't even need to turn a profit to survive because they can print more money to facilitate their needs.

They have no incentive to do their job in the first place if the economy they're operating in doesn't hold them accountable via bankruptcy.

When the money that supports them is infinate and they are immune to bankruptcy (similar to banks) a consequence is a poor quality service.

At the expense of those private business who's tax is inflated because of misallocated money or the people who pay for the services because once the money is printed, their money loses purchasing power.

It's a monopoly on unproductivity and at the detriment of quality service.

https://m.primal.net/HZCx.jpg


In June 2011, hackers breached a sizable MtGox account, selling all bitcoin and crashing #Bitcoin prices from $17.50 to $0.01 📉

Their goal: to repurchase the coins for a penny, circumvent the $1,000 daily withdrawal limit, and remove 100,000 $BTC from the exchange

#NotYourKeysNotYourCoins

https://m.primal.net/HYsE.mp4


🟠 Bitcoin is the only economic entity where supply is not affected by demand

- Bill Miller III

https://m.primal.net/HYsD.mp4


Lol mo


The well known Stanford Marshmallow experiment conducted by Walter Mischel & Ebbe Ebesen were a group of kids are given a choice:

Have one marshmallow now or wait for a while and get two.

This study revealed that those with stronger ability to delay gratification (low time preference) tend to enjoy more favourable outcomes in the ensuing decades.

Subsequent studies in 1988 further supported these findings, revealing that individuals with low time preference exhibited superior acedemic performance and were less prone to developing addictions or weight problems.
.
.

To illustrate this here are two monetary scenarios which show the difference in time preference, and let me know which of the two are the legacy financial system we adhere to today:

Scenario 1

Our monetary system is structured so that the interest rates adequately reward savers, and the currency functions as a reliable store of value, maintaining its purchasing power over time.

This environment fosters low-time preference thinking, given that it incentivises individuals to save. These savings can be subsequently used to acquire additional goods, resulting in enhanced utility and satisfaction.
.
.

Scenario 2

Our monetary system is structured so that we face financial repression (interest rates held below the inflation rate), and our purchasing power deteriorates over time, leading to inflationary pressures.

As a result the motivation to save diminishes.

Consequently, there is a heightened incentive to engage in consumption, acumulate debt, or invest in high risk investments to generate returns that surpass inflation.
.
.

In light of these two scenarios, the structure of our money dramatically impacts how we interact with the world.
.
.

The marble-clad façade of the Duomo di Milano (pictured) is one of the most famous cathedrals in the world.

The cathedral church, dedicated to the Nativity of St. Mary, took nearly six centuries to complete and is the largest church in Italy.

Adorned with 135 spires and 3,400 statues, it sports one of the most extravagant Gothic exteriors in the world.

A fine example of what low time preference thinking can achieve.
https://image.nostr.build/16213c82af168ec1af7df3de14ee0b182d01c2bfcfa4ec7607f18247370cdedc.jpg


We're giving away 21 million sats (0.21 BTC) in our first #bitcoin contest!

Each time you spread the word, you'll earn 1 entry in this contest.

1 flyer in public = 1 entry
1 sticker in public = 1 entry
1 link shared = 1 entry

You can enter as many times as you want. For example, 100 flyers in public = 100 entries.

We'll pick 21 random winners from all entries on February 15, 2024. Each winner will win 1 million sats (0.01 BTC).

To enter, reply to this post with a photo of your flyer, a photo of your sticker, or a screenshot of you sharing a link.

More details here:
https://voteforbetter.money/contest


yes. good job


Want to see the power of Bitcoin?

An Arkansas Bitcoin miner shuts down 4MW of mining power to alleviate stress on the power grid during severe cold conditions in the region 🥶❄

This can be done in the hotter seasons too and can help level the grid.

When we see things like this happen, we start to understand its true powerhttps://m.primal.net/HYVh.mp4


facts


Gm


GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡


A Bitcoin ETF is a trading product. You purchase it with fiat to earn fiat. Its not Bitcoin.
https://image.nostr.build/fef63f56160f1def7b1169b7ca2c26ae6103806fd16745e686cfff159144839c.jpg


Anything by Disney


Here's an experiment you should (or shouldn't) try..

and tell me how it works out for you.

Take $100,000 worth of gold through an airport.

Here's what's probably going to happen:

1. Declaration Requirements:

In most countries, you are required to declare the transportation of significant amounts of precious metals, including gold, to customs authorities.

And toothpaste bottles over 100ml.

Failing to declare it can result in penalties or confiscation.

2. Security Screening:

Gold is a dense metal and can appear on airport security scanners.

Transporting a large amount of gold may trigger additional security screening.

Security personnel may ask questions and inspect the gold to ensure it doesn't pose a security threat.

3. Customs Regulation:

Customs regulations vary from country to country.

Some countries have restrictions on the amount of gold you can carry without declaring it.

In some cases, you may need to provide documentation or pay duties.

You're going to have to 'declare' $100,000 of gold.

4. Documentation:

You will need to provide documentation proving the source and ownership of the gold, especially if you are crossing international borders.

5. Duty & Taxes:

Depending on the destination, you may be required to pay customs duties or taxes on the gold.

Failure to do so can lead to confiscation or fines.

6. Confiscation:

If you do not comply with customs and security regulations, the gold will be confiscated, and you will face legal consequences, including fines or even criminal charges.

7. Travel Advisories:

Lots of countries have travel advisories regarding the transportation of valuable items, including gold.

You'll face a considerable amount of beauracracy for your own 'safety' and everybody else's.

NOW - Do the same with $100,000 of cash.

The same will happen.

THEN - try getting the same amount across customs in a hardware wallet denominated in bitcoin.

I went through customs recently and "forgot" my harware wallet was around my neck.

I stripped all of my belongings including my shoes, and went through the scanners.

I got a funny look from the guy checking the body scanner.

He shouts...

" What is around your neck - give it here" quite politely.

I responded.

"It's a USB drive, for my computer"

He took the device off me and held it in the air like it was contraband.

I noticed lots of eyes glaring at me like I was a criminal.

Like I'd smuggled something into the country.

I wasn't bothered that he was holding it aloft..

I was concerned where he was going to put it.

He placed it with my laptop bag in the tray..

Scanned it.

The glaring eyes looking for drama evaporated.

And I was on my way.

my privacy in tact.

That's how easy it is to take control of your money.

That's how easy it is to keep your privacy.

Should I try the gold experiment? 🤔


Who's heading to Amsterdam for the conference next week?