China's quantitative easing efforts could ignite a massive surge in Bitcoin prices. We already know that Bitcoin’s value grows when fiat currencies are devalued through stimulus and government interventions. The volume of yuan credit created ( $1.59 trillion in September alone) will approach the scale of dollars printed by the U.S. in response to COVID during 2020-2021.
Secure as much Bitcoin as you can as soon as you can. 📈
#Bitcoin #RealEstate #Nostr #China #Economics
The U.S. has reached another milestone, more debt. They love to print so much because they know you will cover the bill. The game isn’t rigged, it works perfectly for who it was intended to. Every currency is a sinking boat and #Bitcoin is a life raft that will get you to safety and freedom.
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Check out this read "Commodity, Scarcity, and Monetary Value Theory in Light of Bitcoin" which argues that Bitcoin, with its fixed scarcity, decentralized structure, and cryptographic security, functions as both a commodity and a currency, challenging traditional monetary theories and reshaping the future of money.
#Bitcoin #Nostr #Bookstr #Read #Article
https://nakamotoinstitute.org/library/commodity-scarcity-and-monetary-value-theory-in-light-of-bitcoin/
#Bitcoin Core devs warn that 17% of nodes are vulnerable due to a software issue before version 24.0.1, allowing potential DoS attacks. About 3,330 of 19,200 nodes are affected. Update to 24.0.1 to stay secure. Few cases of exploitation so far. Details: https://shorturl.at/KJusp
#BitcoinNetwork #BitcoinNodes #Decentralization #BlockchainTech
#NodeSecurity #P2PNetwork
#BitcoinCore #CryptoInfrastructure
#DistributedLedger #BitcoinDev
So much corruption going on around the world, we need #Bitcoin more than ever. Here are some of the recent events going on around the globe in 2024
•Zimbabwe’s Reserve Bank devalued its ZiG currency by 44%.
•The Central Bank of Kuwait is mandating citizens complete biometric fingerprinting by Sept. 30, or the regime will revoke access to bank accounts, assets, and government services.
•The Egyptian regime hiked the cost of gas canisters by 50% overnight.
•Israel plans to remove 200 shekel banknotes from circulation, which account for 80% of the banknotes held by the public. Pushing for a cashless society and headed towards a CBDC.
•President Kais Saied took another step to solidify control over Tunisia by stripping the administrative court of its authority to rule on electoral disputes just days before the presidential election.
Keep stacking sats, keep educating yourself, keep working on your health, keep blocking out the noise and distractions, keep trying to get better in ways that add value to your life.
#Nostr #News
$100 Billion is how much the national debt has increased in only 18 days. That means more of your wealth will be secretly stolen from you through taxes and inflation. They will never stop because they can’t be punished. You can stay on a sinking boat or board the #Bitcoin Ship.
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Japan's 🇯🇵 largest power company, TEPCO, has started mining Bitcoin using excess renewable energy through its subsidiary, Agile Energy X. They use leftover energy from solar and wind farms that would otherwise go to waste. By doing this, they’re turning unused green energy into Bitcoin, helping reduce energy waste. This project could encourage more investments in clean energy, as it gives renewable energy producers a new way to make money. Similar projects are happening in other countries, like El Salvador 🇸🇻, where geothermal energy is used for Bitcoin mining. This shows that Bitcoin mining can be eco-friendly by using energy that would otherwise be wasted.
Read more here: https://bitcoinmagazine.com/business/japans-largest-power-company-tepco-is-mining-bitcoin-using-renewables
#Bitcoin #Economy #Energy #News #Japan #ElSalvador
U.S. national debt increased another $170 Billion since 21 August 24. At this pace that’s about $10.63 Billion increase per day. Your time, money, and energy are being stolen from you daily by people who can print currency with no repercussions. Oh yeah and they get richer.
#Bitcoin #Nostr #Economics
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All currencies lose their store of value due to inflation and taxes, which come from central banks printing currency. Bitcoin protects your store of value because no bank, government, or company can create more of it. Keep sinking in the fiat water or grab the Bitcoin life raft.
#Bitcoin #Nostr #Freedom
Every currency is losing purchasing power by the second. It doesn’t matter which country you live in, we all are forced to use their Monopoly money in a game they don’t play. Some currencies lose value quicker than others, but they all head to worthless in purchasing terms.
#Bitcoin #Freedom #Nostr
If you’re looking for something short and good to read, check out this paper “Design of a Secure Timestamping Service with Minimal Trust Requirements” by Henri Massias, Jean-Jacques Quisquater, and Xavier Serret-Avila written in 1999 which is similar to blockchain technology we have today. Always cool to take a look in the past and see these minds at work.
https://shorturl.at/TtZnZ
#Bitcoin #Blockchain #Bookstr #Nostr #Paper #Articles #Read #Book
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If you’re looking for a good read, check out “B-Money” by Wei Dai. It was a similar concept to what we have with #Bitcoin today. He wrote the paper in 1998 and Satoshi Nakamoto reached out to him in 2008 so he could cite Dai’s work. It’s cool to read the work of those individuals who were looking for an escape before we were blessed with the gift of Bitcoin.
#article #nostr #bookstr #read #education #history #economics
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By 2008 outlays of the federal government were 1/4 the nation’s economy, nearly twice as many people now work for government than for manufacturing companies in the private sector. There are more bank regulators than bankers, more farm bureau workers than farmers, more welfare administrators than recipients, more citizens receive government checks than those who pay income taxes. By 1996 welfare benefits in 29 states were higher than the average secretary’s wage, and in 6 states they were more than the entry level wage for computer programmers. When people can vote for the transfer of wealth to themselves, the ballot box becomes a weapon by which the majority plunders the minority. That is the point of no return. The point where the doomsday mechanism begins to accelerate until the system self destructs.
-G. Edward Griffin “The Creature From Jekyll Island”
#bookstr #read #book #bitcoin
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I don’t know who needs to hear this but…
Book that trip you always wanted to go on.
Invite family if you want but don’t wait on them. Invite friends if you want but don’t wait on them. Invite your significant other if you want but don’t wait on them.
Life waits for nobody.
#travel #explore #vacation
The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
- Rudyard Kipling
Learn to ride the #Bitcoin waves and it will do everything else for you👇
•2011: From around $1 in April, it rose to $30 in June, then fell to about $2 by November, a rise of x30 followed by a decline of -93%.
•2013: There were 2significant bubbles; Price started the year at around $13, shot up to over $250 in April, then crashed back to around $62, which is roughly a x19 increase followed by a -75% decline.
Later in the year, from $62, it surged to $1,150 by December, then dropped to around $154 in early 2014, x18 increase and then an 86% decline.
•2017-2018: From around $154 at some point post-2014, it rose to $780, then a correction to around $475, which is x5 increase followed by a -39% decline if considering the peak to the next low.
The most famous rise was from around $475 at some point in 2017 to nearly $20,000 by December 2017, then dropping to about $3,142 by December 2018, representing a x41 increase followed by an approximate -84% decline.
•Post 2018-2021: Bitcoin price recovered and rose from the $3,000s in early 2019 to a new all-time high of about $69,000 in November 2021, which is roughly a x22 increase from the $3,142 low.
•2022: Prices dropped below $20,000 from its high from the 2021.
•2024: Bitcoin reached a new ATH around $73,000 in March 2024, followed by a correction exceeding -26% in the months following.
These cycles show Bitcoin's volatility with massive gains often followed by substantial corrections. Each cycle has been influenced by various factors including market adoption, regulatory news, technological developments, and macroeconomic conditions.
Daniel Mross from the #documentary “The Rise and Rise of Bitcoin” is a prime example of put in the research, put in the work, block out the noise, and get out of Bitcoins way.
Keep doing your research, keep putting in the work, stack #SATS, and stay out the way ⚡️
If I were to create a Bitcoin syllabus it would look like this:
1.Read Broken Money by @LynAlden
2.Watch the podcast “What Is Money” episodes 1-9 by @breedlove22 with @saylor
3.Take the free #Bitcoin courses with @saylor Academy
4.Read/Watch all the book/podcasts/article recommendations on hope.com
5.Buy Bitcoin (I like @strike)
6.Store your savings in Bitcoin on a hardware wallet (like @Coinkite (old npup) or @BitBox)
7.Never keep your seed phrase on paper, phone, or laptop, preferably metal stamper and securely store it
8.Run your own Node (I like @Start9) or you can do it for free
9.Get a Miners running (I like Bitaxe from @Solo Satoshi)
10.Read Fiat Food by Matthew Lysiak and get your diet right
11.Get sunlight daily
12.Drink the best quality water you can
13.Get some type of exercise in daily
14.Support Bitcoin businesses
15.Support Bitcoin projects
16.Go to Bitcoin meetups/conferences
17.Find Bitcoin podcast you enjoy
18.Slowly move your life towards a 100% Bitcoin standard
19.Keep educating yourself
20.Enjoy life with the people you care most about
21.If you’re going to use social media #Nostr is the way
22.Travel the world
What would you add? #asknostr
Have you ever read “Anthem” by Ayn Rand?
It’s a dystopian novella set in a future collectivist society where individuality is completely suppressed, and people live solely for the group, using "we" instead of "I." The protagonist, Equality 7-2521, is a curious and intelligent young man who secretly rediscovers electricity and creates a light bulb, but his invention is rejected by the authorities for being an independent achievement. Fleeing into the Uncharted Forest, he discovers the concept of individuality and renames himself "Prometheus," embracing the forbidden word "I." The story concludes with his resolve to build a new society founded on individual freedom and self-expression, rejecting the oppressive collectivism of his former world.
I would say "Anthem" and Bitcoin have the same vibe. Both are all about breaking free from the herd and sticking it to the system. Just like Equality 7-2521 fights to reclaim his freedom in a world that crushes individuality, Bitcoin gives people the power to control their own money without the need for banks or governments telling them what to do. It’s about autonomy, shaking off the chains of centralized control, and carving out space where you make the rules. Both challenge the status quo, pushing for a world where personal freedom actually means something.
Give it a read when you have the chance, here’s the link: https://www.gutenberg.org/files/1250/1250-h/1250-h.htmhttps://m.primal.net/KQiz.jpg
With all these new updates from @ZEUS the people need an updated video tutorial. I know @BTCsessions did a great video back in 2022, anyone know of a recent tutorial out there?
#asknostr
I think people who have traveled around the world to underdeveloped countries understand Bitcoin the quickest and easiest because they’ve seen what so many people are up against. Some people who live in privileged countries have no idea what others have to deal with on a daily basis. Bitcoin is freedom money for everyone, and I support that 100%. I can’t trust anyone who’s against Bitcoin. I’m not saying everyone needs to own Bitcoin right now, but those who are flat-out against it have some evil in them. Fix the money, fix the world.
There’s too many people to list but shoutout to people like @saylor@Jeff Booth@LynAlden@jack mallers@obi@TheGuySwann@BTCsessions@walker@BitcoinUniversity@calle 👁️⚡👁️@caitlinlong@saifedean and everyone else contributing to the new system..
We are living in a time where actual change for humanity is happening in real-time. Excited for the present and looking forward to the future.
A series of bad choices can ruin your life, but a series of good choices will change your life forever. Keep making those small good choices 1 day at a time and your life will look different this time next year.
Bitcoin’s price on August 18, 2023: $25,900
Bitcoin’s price on August 18, 2024: $59,900
+131%
Block all the noise the media is talking about.
Keep stacking SATS and stay out the way.
Hey @LynAlden 👋🏾 I have a question if you have the time to answer, with the growing adoption of Bitcoin by institutional investors and traditional financial systems, how do you see its volatility and correlation with other asset classes evolving over the next decade? Could this shift alter its function as a hedge or as an alternative asset?
Has anyone out there created a list of important things every Bitcoiner should take the time to learn or have some knowledge about?
#asknostr #plebs #nostr #bitcoin
Given Bitcoin’s fixed supply and decentralized nature, how do you think it will affect the traditional monetary policies of central banks, especially in times of economic crisis? Can Bitcoin coexist with these policies, or will it necessitate a fundamental shift in how we approach economic stabilization?
The average salary in U.S. is $64k, so how much home could the average person afford utilizing a FHA loan with current rates at 6.66%, let’s take a look 👇
·3.5% down payment ($7,000 - $10,000)
·30-year FHA mortgage
·6.66% interest rate
·36%~ debt-to-income ratio
·FHA mortgage insurance premiums (MIPs)
With $64,000 annual salary, your estimated maximum mortgage payment would be around $1,400 - $1,600 per month.
Using an FHA mortgage calculator, here are some possible scenarios:
1. $180,000 home: $1,144 monthly payment (assuming 3.5% down, 6.66% interest)
2. 200,000 home: $1,264 monthly payment (assuming 3.5% down, 6.66% interest)
3. $220,000 home: $1,384 monthly payment (assuming 3.5% down, 6.66% interest)
Keep in mind that higher interest rates reduce your purchasing power. FHA loans still offer competitive terms and lower down payment requirements. You can also look into potential down payment/closing cost assistance to offset some costs.
Remember to consider additional costs like property taxes, insurance, and maintenance when determining how much home you can afford. Consult with a lender (we have a few in WealthSquad ), financial advisor, or mortgage broker for personalized guidance.
You might not get the house you want, in the state you want, but there are options still out there. 🫡
#realestate #assets #nostr https://image.nostr.build/db872fe9af186ff9dd00e3f0f3479a7eac373ea511213dd777f19c0ec4225d82.jpghttps://image.nostr.build/7c8c8d0a74229b12d32c0de8ef94eaf546aa6f78cb6a896d8e02a0ec4cc61f7e.jpghttps://image.nostr.build/ef9d5e2805346f003bf48cdcccce04f757dac775e16abe10f97403d31009b537.jpghttps://image.nostr.build/3394c5961e9304099f0dec3e63f8b856124218a4795b610feb860fd0e0a173fd.jpg
Separate yourself from those that have a victim mentality and lack accountability. Life gets better the further you get from them. It might be family, friends, or even your neighbors. Poisoned minds like to pull you down with them. Free minds like to bring you up to the top.
Not enough importance is focused on these 3:
-Education
-Cultural values
-Family structure
There’s always more that can be added to the list, but it seems like people who come from families that put importance on these 3 tend to do alright in life.
Would be cool to see a feature in the future where customers can automatically send bitcoin to a cold wallet either right away or an option when x amount of SATS are reached 💪🏾 keep leading the way
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