To the extent that we can be certain about anything, I think it’s certain that humans will move to a cryptographically secured digital currency that uses PoW and has a stock to flow higher than that of gold. Whether that is bitcoin or something else is to be determined. Anyone uncertain about bitcoin should be as if not more uncertain about the dollar and any other currency imo. At the end of the day everyone has to pick a horse, I think bitcoin is the fastest horse.


Does Kingdom Trust actually hold the keys? They use Fidelity for their cold storage option for IRAs


Better not to disrupt natural selection. Make peace with the fact that some ppl are NGMI


👆🏼 this

People be acting like they are Snowden when in reality they are adding all sorts of unnecessary friction to their lives to either virtue signal or because of undiagnosed paranoia.


Don’t you need to have a plan with a wireless carrier to get the alerts? So even if you didn’t have your phone on airplane mode you most likely would have not received the alert if you use your phone without a sim card.


Smoke signals or esims probably


In a single day, the US added more than half of #Bitcoin’s entire market cap in debt. That’s something like 10 million BTC. And yet there are still people that are unsure if $27k is a good price to buy. https://image.nostr.build/02e8d0900a5c2c2f9704b1758a2bf1b67e0eea125429e37f8de7e67a4dc79413.jpg


Is she on NOSTR? The website only lets you use a credit card. I heard they are taking bitcoin but don’t see it


Zeus and phoenix looking good tho


Why?


Bitcoin about to become even scarcer


They make up most of their iPhone buyers after all. No one is surprised


Politicians like Senator Feinstein don’t amass 100+ millions by returning ill gotten gains.

They know we know and still DGAF


It baffles me how hold bugs don’t understand that gold’s best days are behind it. Fiat exists in large part because of Gold’s limitations, yet they still hang on to their paper weights.


Yeah everywhere else is further down the terminal fiat disease


If you coinjoin sufficiently they won’t know which UTXOs are yours, thus removing the connection between you (or anyone) and the UTXO, practically speaking. The gov or institutions can assume you have them, but they can’t easily (or at all) prove it. For all they know you sold/use the coins at a loss (which does not require reporting), gifted/donated them, or lost them.

Don’t get me wrong. KYC has all sorts of baggage, but it’s not a death sentence.


You can un-kyc coins, but it’s true that the record of you purchasing the coins stays.


I’ve been curious if cashu/ecash can be used to improve privacy. I know using tokens is much more private than lightning, but more so I’m curious if converting sats to tokens and then back to sats breaks any prior kyc links. Like would you get your same sats back or perhaps someone else’s??


😂 marty wasn’t having it


Looks nicer than detroit tho 😅


Feeling that pain rn skin to skin contact can help


The 200 DMA has crossed above the 200 WMA for the first time in over a year. #Bitcoin’s starting to look pretty bullish. 👀 https://image.nostr.build/c3d0a2567afc0b5cb6239948ac84d18150c0d9ef42fc3e2deb2de2ef24616a7c.png


Yep. My response assumed one would continue to stack on a consistent basis for years to come.

For people looking to get in now and do a one time allocation then having a single utxo is not ideal for the reasons you mentioned.


As big as you can. You can always buy smaller UTXOs in the future, but you might not be able to buy large ones and consolidating when fees are high won’t be fun.


Is muun obsolete now?


Hal Finny was calculating #Bitcoin  price of $10,000,000 per coin just ONE WEEK after the the genesis block on January 3rd, 2009.

It's interesting that the system can be configured to only allow a certain maximum number of coins ever to be generated. I guess the idea is that the amount of work needed to generate a new coin will become more difficult as time goes on.

One immediate problem with any new currency is how to value it. Even ignoring the practical problem that virtually no one will accept it at first, there is still a difficulty in coming up with a reasonable argument in favor of a particular non-zero value for the coins.

As an amusing thought experiment, imagine that #Bitcoin  is successful and becomes the dominant payment system in use throughout the world.

Then the total value of the currency should be equal to the total value of all the wealth in the world. Current estimates of total worldwide household wealth that I have found range from $100 trillion to $300 trillion. With 20 million coins, that gives each coin a value of about $10 million.

So the possibility of generating coins today with few cents of compute time may be quite a good bet, with a payoff of something like 100 million to 1! Even if the odds of #Bitcoin  succeeding to this degree are slim, are they really 100 million to one against?

Something to think about...

– Hal Finny https://image.nostr.build/b75d6201cd87783cd29f3aee52fb0af006e3ed1f8df18c810a3c0264253b8c96.jpg


Sign up with google?? Lol

Honeypot for sure


unspent transaction outputs. If bitcoin was fiat then UTXOs would be the bills you have in your wallet that come in different denominations.

https://learnmeabitcoin.com/beginners/outputs


Lump sum. Less UTXOs less fees. In 10 years it won’t make a difference if you DCAd or Lump Summed 3k tbh.


How so?


To be fair it was more like 6-10% but the point remains


Enuts


Sawdust aka fiber is the biggest con in the food world


Something to keep in mind is that having a proclivity or desire is not the same as acting on those desires. Being homosexual is not a sin. Acting on those desires is what’s consideres a sin. Any christian can love (will the good) of a homosexual while also encouraging them not to act on their desires


💯

The world needs more uncle jims!


What would prevent someone that gets bitcoin now from making it in your opinion?

What does making it mean? Not dumping your bags too early? Not getting rugged by the likes of FTX?


One thing that came to mind while listening to the pod was that George assumes that people’s behavior (seeking debt, yield and, voting for debasement) will remain the same (or to the same extent) under a new system (bitcoin standard). While it is true that human nature (greed, etc.) will not change, I think it’s clear that bitcoin changes the incentives which in turn changes human action. The lowering of time preference via hard money is a powerful factor that many in the current system are sleeping on.

I did not understand why he thinks that any amount of fractional reserve banking is somehow a sign that a bitcoin standard is not tenable, or that the existence of paper bitcoin somehow diminishes the effects an alternate system will have on the world.

What better way to get people to vote for small government than forcing them to tax you kore because they can’t print the difference.


Bitcoin is hope

Few


Jamie doesn’t want plebs front running him


Kane footwear. They are similar to crocs, so if you’re looking for non plastics options these ain’t it.

https://kanefootwear.com/


Does the gum have a flavor?


Ah gotcha 👌🏼yes indeed


Man it sure doesn’t feel like they have lost. But hopeful anyway


Only Jstark could have said it better. Rare breed


Only half joking. Always good not to be low hangin fruit 👍🏼


NSA still don’t give a fuck apparently. HAM radio and smoke signals is the way


If you think he will use the bitcoin to try to influence the protocol negatively, then sure having a decentralized network makes a difference. But that’s not point in noting their wealth, which is what I was getting at. And in that case node runners or not makes no difference


Definitely NSFW


Plebs running nodes does not change the fact that MS holds an incredible amount of wealth which will be even greater if and when the orange coin does what we think it will. He may not be able to change the code as the meme implies, not that he would even want to, but all that wealth can and most definitely will be used to shape meat space around us, which is the point of noting how many sats the company holds.


The reporter just didn’t get the logic that rights need to be defended or they will be taken from you. The programming to demonize guns goes deep.


With all the lost coins MS probably owns 1% of all bitcoin. Just one company.

Let that sink in


Weak men create hard times https://v.nostr.build/QMwX.mov


Steak n Eggs used to be a staple.

Gotta bring it back


Zaps or die


Million dollar question


What are those notions?


Pretty much. Make sure not to combine non-kyc utxos with kyc ones as you may know


I see that scenario as highly unlikely. But if it does happen then I would just move to another country.


Personally, I’m more inclined to use the political system to change laws around how btc is taxed, or move to a different state or country before I do something that could take away my freedom.


Always mix or do some obfuscating with lightning or buy KYC free. But note your cost basis and pay cap gains. While the state is quite incompetent, I would not risk jail time over cap gain taxes. Just my 2 sats.

If you transact off chain with SATSCARDS then that’s different.


Would anyone even want to claim that a CJ absolves them of ownership? You would then have to pay taxes. Sounds like a lose lose.


2 things can be true at once


There’s no difference.

All education is indoctrination by nature. The problem I presume you are pointing to is with the doctrine that is being taught.


You could have the delay be implemented outside the protocol. So the platform of the service provider would have that function, similar to how Nunchuk does their broadcast delay.


Set up a 2-2 multisig with the service provider and put a broadcast delay on the txn with the duration being the length of time until the next installment?


What’s there to be pessimistic about. The future is conservative and religious purely based on how people are reproducing.


By sovereign do you also mean a prepper/hoarder? Or do you barter?

Money is a vastly superior tool for trading. Unless you have all the goods and services you’ll ever need I fail to see how sovereign people don’t need money.


I like the 3M Nexcare brand. Amazon has good deals on the packs usually


Been doing it for 4 yrs, it’s a game changer especially if you live in a dry climate. No more waking up with a dry mouth and a headache 👌🏼


High Intensity Training is a great tool for the gym toolbox.

Check out the work from Doug Brignole, he has great insight into how to go about evaluating and selecting exercises


Nice!

Satscards are so underrated. When fees are ski high and the police state is tracking KYC sats even more people will get it


Indeed

The future is here. Many don’t know it yet


Bitcoin will displace gold.

Ecash will displace fiat.


True, but many non economical transactions like consolidating or moving funds to another wallet you control will not happen as often. Like someone seeing a long wait time at the restaurant and deciding it’s not worth the time.


Think about it this way. You can always buy smaller UTXOs in the future and if/when the price appreciates you will be buying smaller UTXOs anyway.


What would this ultimately enable? What financial good/service will become accessible if this is successful?


Yep


Most if not all pedophiles are using the alphabet soup movement to hide in plain sight so they can groom and abuse kids.

Gender dysphoria is not new. Forcing people to participate in their delusion is the main issue.


At a certain point we will all part with our bitcoin either because we used it satisfy needs or because we died. I understand at this point in time there is a lot of room for it to appreciate in dollar terms.

But let’s not forget that ultimately bitcoin is just a tool to save and preserve purchasing power for future consumption. Being obsessed with money and how many units you have is a fiat mindset.


Right, the better camera “system” I should have said.


I can only find the 80/20 at my grocery store. Did you huy from their website?


Only the Pro Max gets the better camera, so buy accordingly


Ni idea bro 😅


CPI is only a metric for inflation if you substitute the consumer goods you purchase as the CPI does. If you continue buying the same consumer goods (steak instead of ground beef or pork) then inflation is much higher and “real returns” from bond yields is nothing but a dream. But as we know the rate of inflation varies from person to person, so there are people out there that made real returns from bond yields.

Where does that yield come from? Taxes or money printing so either way you’re getting fucked.


If you buy a new phone, but yeah about time!

The whole environmental pandering was so cringe 🤢


Same


I’ve been banned from twitterX for a long time so I can’t respond there, but regardless of your view, this quote is so badass I had to say something,  nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  love it!

Saifedean Ammous

@saifedean
Bitcoin, as it is, saved my family from hyperinflation in Lebanon. It is entirely essential to my life. It works perfectly fine for me as it is. It is not some "cool" piece of software whose next iterations I'm "excited" about. It is my lifeline. If it never ads a single capability, it will still be the most important technological innovation of my lifetime.

If you want to to introduce ANY changes to its software, I am going to be extremely skeptical about adopting them on my node. You're not just experimenting with adding features to another app on my phone; you're asking to rebuild my lifeboat with my family on it. I need to see extremely compelling evidence for why these changes are necessary, and extremely compelling explanations for why they do not pose any risks.

Like most bitcoiners, I have been harassed and hounded for years by BIP300's well-funded cringe marketing machine, but the more I look into it, the less convincing it is. Nothing in the motivation seems necessary or even useful. I simply don't care about "killing shitcoins" nor do I see any value from adding any of their features to bitcoin, since I know their features are just vaporware to promote ponzis. A significant number of plausible risks are waved away with cavalier indifference. It somehow fixes all problems and ends all trade-offs. And its promoters have more red flags than a Soviet parade: a history of questionable judgments on bitcoin issues; funding from shitcoiners responsible for the most serious attacks on bitcoin, like Garzik, Ver, and Brekken; the strong support of countless other shitcoiners; and worst of all, the resort to ridiculous fear tactics and the insistence that bitcoin is in a dangerous crisis which only BIP300 can fix.

Bitcoin is permissionless, so i cannot stop you from doing sidechains. Liquid, RSK, and RGB are doing something similar and I simply don't care. But if you need me to do anything with my node to accommodate you, the answer is going to be a very firm no.


It’s all a distraction so they can continue to steal your money and freedom. Change my mind


Old cars ftw


Truth is some people don’t want sovereignty. Glad we have the option and tools to be sovereign tho even if only a minority will care about using them


The fact that Bitcoin isn't yet accepted everywheree and for everything really underlines for me how few people have actually used Lightning. Whenever I show somebody how it works, there's always that "wow" moment. But why was it a surprise?

The problem is that normal people still understand BTC from the one half-remembered opinion piece they read in 2017, and are operating under the belief that transactions still take an hour to settle, rather than being instantaneous and irreversible — money transmission without the Paypal Problem. The public mind needs a cache refresh.


Yep. Cashu and the like is how we onboard 8bn people and enable bitcoin to become a medium of exchange.

Bullish on Cashu/eNuts


Isn’t the whole fuzz that Swan didn’t build their own infrastructure so they use partners like fortress trust which are the ones that actually hold the bitcoin they sell?

In any case if you’re buying bitcoin or any good for that matter by definition someone else holds the good until you buy and redeem it.


Neither analogy is perfect.

The point is that if you don’t redeem what you purchase the seller is not responsible for holding your property. Unless their service is holding your property for you.

The service is exchanging fiat for bitcoin not keeping your bitcoin safe. If you didn’t receive your bitcoin I don’t see why they wouldn’t give you the fiat back.


Perhaps with Robosats, CashApp and Strike definitely have the liquidity, they just have really low limits. You can ask them to increase them, but it’s hit or miss and still.

But yeah I think the lack supply will shoot the price way up when rich people try to ape in post halving


Neither RoboStats (yet) nor CashApp are really competing against Swan. A wealthy person trying to buy $500k of bitcoin is practically unable to do so with either of those options or Strike.


But you do have the ability to withdraw


So much Swan FUD. People be acting like they are Celsius and incentivizing people to leave their coins with them to earn yield. They sell you bitcoin for dollars, that’s it. If you don’t like who holds the bitcoin that will be sent to you once you give them dollars then that’s fine. Lots of options out there.

If you use the service incorrectly and not withdraw then you’re rugging yourself if something happens. If I buy groceries at the store and leave them in a corner and come back later and they are not there no one would blame the grocery store for not keeping an eye on your stuff after you bought them.


Outside of the IRA products, I don’t think they offer a custody solution. They or fortress holds the bitcoin until you buy it and withdraw, which in that sense is no different than an ATM holding bitcoin until I but it and withdraw it.


Few understand that what you eat affects how much you “burn”. Thinking only about how much you eat is not always sufficient. You can continue to eat less but if your metabolism down regulates and “burns” less calories as a result you won’t see a difference. Becoming metabolically healthy and increasing basal metabolic rate by increasing muscle mass is a better advice than simply to eat less, even tho the latter can be effective in many cases


But how will the thinkboys gain popularity and social status by writing word salads if the framework is this simple?


The goal is clear, the method is a bit more tricky.

Simple, but not easy.

That’s why there’s so much money in the industry trying to sell you the Easy method


Rising star nic lol

his unfettered opinion on the security budget is incoming. So all you laser eye maxis can watch from home 😂 as his start continues to rise


Fiat nutrition science really did a number on our health


Billions


Do you eat seed oils? Wonder of this provide additional benefits that eliminating seed oils won’t accomplish in terms of skin response to sun exposure


That marbling tho 👀 a thing of beauty


That’s a bad example. This is typically how it goes. Overweight person goes on that diet loses tons of weight, joints feel better, mood is better, gets off meds. Then goes to doctor and his cholesterol went up, so doctor recommends he stops eating meat.

Sure, if your ‘vital signs’ worsen then that trumps looks (I doubt you will feel great if you have poor vital signs). When we say biomarkers we typically refer to blood chemistry labs like lipid panels, hormones, etc. A number on a piece of paper that may or may not be connected  to a future health event is rarely a better metric than one’s improved vitality


There’s people that have been doing it for decades. Just because it’s not sustainable for you it doesn’t mean it can’t for other people especially when their wellbeing depends on it. Lots of people sustain not smoking or drinking, this is no different.


Biomarkers is way less important than how ons feels and looks. Barring a weird genetic or other condition, people will benefit from eating animal products. Certainly not everyone has to eat that way to be healthy. Humans are incredible adaptable and resilient, but when nothing else works this tool/diet can be very effective.


Sour grapes nic attention seeking while pretending not too is just sadddd as trump would say


It ain’t if it fixes your ailments. I imagine you’re referring to ppl for whom plant foods don’t trigger negative effects but talk carnivore all day because current thing


Weight loss is not the only reason why people do the carnivore diet. Fixing autoimmune conditions and nutrient deficiencies is probably a bigger factor in ppl eating that way.  Excluding attention seeking influencers of course.


If you’re gonna recommend KYC onramps to newbies Cash App is the obvious choice imo since most likely they already have an account. Otherwise, Strike is a better option since you can pay a LN invoice to yourself with fiat and gain better privacy than straight up buying corn.


Most normies already use Cash App or Venmo. Not sure if Venmo has lightning integrated, but Cash App does


How else am I gonna buy corn from the ATM??


I imagine most bitcoiners would agree that it’s best to be prudent and not use the word retarded when addressing someone who is mentally disabled out of politeness even when that might literally/clinically be the case. But to allow the politically correct to control what one says is nonsense. Control words -> Control minds