Oddbean new post about | logout

Notes by mleonardi247 | export

 Happy #Bitcoin Whitepaper Day.  Focus on the signal amount at the political noise…#Bitcoin is freedom. 
https://m.primal.net/LoOF.jpg 
 If you are interested in a good #Bitcoin documentary to share with people, I’d suggest https://www.godblessbitcoin.com/

It’s free to watch and very well done. @Natalie as always make it very approachable. Worth watching and sharing. https://image.nostr.build/124ff8b115527b665739fbea2bb34f52f21ae6ad504e4222e1e047ad971b8486.jpg  
 #Bitcoin is just money. Fiat currency is unjust money.  Choose #Bitcoin 
 Bitcoin is the topic of a new documentary on HBO called Electric Money.  It claims to reveal the true identity of the creator of #Bitcoin.  Their conclusion is wrong. Satoshi is NOT Peter Todd (who is that?…doesn’t matter).  

But what is most interesting is the timing of this documentary.  We are likely entering a time of significant price appreciation for #Bitcoin with the FED easing, global liquidity rapidly increasing and this time of year post halving tends to be VERY good for #Bitcoin.  

And who owns a massive stake in HBO?  Blackrock…which also has the most successful ETF IN HISTORY; their #Bitcoin ETF.  Plus Blackrock has been going on a massive campaign lately to promote the #Bitcoin.  All these are tail winds for #Bitcoin. Stay humble and stack sats. 
 Regarding the strength of the case made, agree to disagree. I e seen FAR stronger cases made for Hal Finney although I think neither is Satoshi. It’s a great documentary on other fronts. But to your point, my opinion is irrelevant. 🤝 
 Proof that the US is an empire in decline…they are selling scarce assets for US Dollars it can effectively print for free. Stay humble and stack sats. #Bitcoin

https://cointelegraph.com/news/supreme-court-wont-hear-silk-road-bitcoin-ownership-case 
 Regardless of which political side a person falls, this type of absolute power is very concerning. Nostr could be the answer. 
 Remember, #Bitcoin >> Central Banks + Politics 
https://m.primal.net/LHZQ.jpg 
 If you own #Bitcoin, you need to connect with the tax experts at  @satoshipacioli . They understand account, tax and #Bitcoin. A RARE combination. 🫡 
 #Bitcoin is speech and therefore protected by the First amendment. ICYMI, Ross Stevens of NYDIG expertly make this case in a recent paper. Worth your time to read!

https://nydig.com/research/bitcoins-protection-under-the-first-amendment 
 Zimbabwe just devalued it currency massively overnight. Why should you care? The FED is doing the same thing in the US just slower and more nuanced. 

Central banks are NOT to be trusted. 

This is “Why #Bitcoin?”

https://www.bbc.com/news/articles/c8el4kgk98eo 
 I feel his pain. The realization that taxes are paid on money you worked for BEFORE you and your family. 
 We have been gifted the discovery of digital sound money. 

Is our species smart enough to embrace #Bitcoin or will we continue the same stupidity of papering over our problems with USD?

Perhaps it’s time to look into #Bitcoin. https://image.nostr.build/fe57d54473f946d19fa2ab0c2e4fd2463f9eb8801e6d679d6236da65576da13f.jpg  
 Good morning! Uncle is taking a break from social media, but with BTC hitting $53K, I thought I'd... 
 At $53K, Sats are on SALE! Supplies are limited. Stay positive, stay humble and stack sats. 
 The beauty of Bitcoin lies not only in its potential for incredible financial gains but also in its potential to uplift the unbanked and underserved, offering them a chance for a better future. #Bitcoin is Hope
https://m.primal.net/KeNA.jpg 
 Lots of new nostriches here today!  Welcome!  As long as I can afford it, 500 starter sats for ev... 
 Nostr is growing. It’s been great to watch. 
 Instead of frequently doing/joining Twitter Spaces, I'm thinking of firing up #Nostr Nests going ... 
 Potentially if I can find a decent client to listen and figure out how to find content. 
 Concerned about price controls or freedom of speech? #Bitcoin is here when you need it. No need to live in fear. You can be sovereign starting with #Bitcoin. Peacefully opt out of the system driving an unnecessary wedge in our country through broken money.
https://m.primal.net/KDVU.jpg 
 💯 agreed @Dr. Jeff . 👍🏾 simply stay humble, work hard and quietly stack sats while we can at this prices. Avoid leverage so you don’t get shaken out too soon. 
 The winner of the next political election won’t meaningfully impact most of us positively or negatively. Owning #Bitcoin long enough will positively impact you life. Zoom out. 
https://m.primal.net/JyzG.jpg 
 Nostr noob (me) tip, when searching for someone on Nostr by their “Npub” in your Nostr client, omit the “#” commonly found in Twitter profiles. It was frustrating me until I realized to search without the #. I’m using Primal app. 
https://m.primal.net/JvWG.jpg 
 Managed to fuck up both my car and garage door because the garage door only went up 75% of the wa... 
 A first world problem…still totally SUCKS! I winced a little when I read it. 
 War is NOT profitable on a #Bitcoin standard. 
https://m.primal.net/Jqsi.jpg 
 Don’t let fiat market nonsense get you down. Red candles on #Bitcoin means sats are on sale! Supplies are limited. Enjoy while they last. 
https://m.primal.net/Jnoz.jpg 
 What's your daily driver in terms of nostr client(s)?  
 Primal on iPhone. Still trying to find a good desktop option. The problem is i like zapping but can’t seem to get it working on desktop reliably. Mobile works flawlessly. 
 Curious you running Graphene OS on the droid? How’s the performance on device? Been thinking about messing around with full stack mobile privacy. Already have a start 9. This has been on my list. 
 So buy some… if you’re feeling bold.

nostr:note18u62ja2w5l87u4v9qxhnvqx3azafq4n7hlukmr689l7x... 
 Intriguing idea so I provided some feedback. Looking forward to seeing how this could work. Zaps ⚡️ as kudos in the work place would be a fascinating workplace experiment. 
 The best #Bitcoin account firm supporting #Bitcoin open source devs with tax help is pretty EPIC. 
 Here’s an observation about shitty Twitter algorithms.

I’ve actually never blocked or muted ... 
 This is a very interesting illustration of the centralized algorithm. You are correct in that this does seem to really highlight the negativity inherent in Twitter. I’d love a way to build my own filters and algorithm but with open source readable so I can periodically audit it myself and see which changes each makes and the effect with the ability to share those filters. I NEVER would have put together that profile to filter as I have not encountered as my following fairly tiny. Solid post as always! 🙏🏾 
 Learned today that if I long press the zap ⚡️ button in the Primal app, I can do a custom zap with a custom message. H/T @BTCsessions https://youtu.be/Qd4Po4i7wvc?si=YGGt9fdMsGE13nd8 
  @primal or any Nostrich out there, can someone tell me why I can't access my Primal wallet from Primal.net from my laptop browser?  I can access from the app on my iPhone, but I can't from my chrome browser and therefore no zaps from my laptop or do custom zaps.  Is it not supported? 
  @walker absolutely nails it here.  Campaign promises are so fiat.  They need us more than we need them.  Make them work for it.  Great episode and worth watching the full version. 
 @walker and @CARLA are just a wealth of information. The latest #zapvertising . Initially against it, this makes a LOT of sense. Still figuring out #Nostr but thank you 🙏🏾 both! 
 There is currently a sale on sats! Supplies are limited. Choose wisely….choose #Bitcoin 
https://m.primal.net/JjSV.jpg 
 Politicians are beginning to pay attention to #Bitcoin.  2 presidential candidates are talking TO us.  I don't trust but verify AND I am not endorsing any of them, BUT the overton window has shifted and #Bitcoin 'ers are an attractive voting block. Let's make them work for our vote; shall we? Let them show us they have done their homework, understand our asset and take our requirements seriously.  #Bitcoin 's game theory is playing.  

We AIN'T "crypto"...we are #Bitcoin !!!
https://m.primal.net/JLsT.png  
  @walker gives one of the best summaries I have seen regarding the political nonsense going on in the US.  While I don't agree with all of the points made, I agree that the fact that the Independent and GOP Presidential candidate vocally supporting #Bitcoin is a HUGE deal. Also, #Bitcoin 'ers as a voting block is in the power position.  Very well done and worth your time to watch.

nostr:note1fjt6cy9498jkf3l5uzxufrup69xpd8xhjy9dku2e9vjvpmnkqywqm3uuq0  
 Agreed...NGU or cheap sats? That is the question. Trying to get my family and myself as much opportunity to stack as possible. I am just grateful to have found #Bitcoin, kept researching and didn't dismiss it when I had every incentive to do so. 
 With all the noise, it can be easy to forget that #Bitcoin is a blessing.  It's emergence has gifted us permissionless, stateless sound money.  If you are reading this, you know about #Bitcoin which puts you in truly rare company.  Be grateful...I am. https://m.primal.net/JNFD.png I am. 
 During times when the price dips, I remember this quote from Satoshi. BTFD and  HODL in Self Custody. https://m.primal.net/JLsT.png  
 The properity of a nation is the prosperity of its people.   @Excellion . This is why #Bitcoin

https://www.youtube.com/watch?v=q9FaLwcmrq8 
 Think #Bitcoin is overly complicated? Try understanding the US Dollar system. H/T to @River 
https://m.primal.net/JKXW.jpg 
 New to #Bitcoin and a bit overwhelmed? It is many things, but a useful start is thinking of #Bitcoin as savings technology.  If you save in USD, it WILL loss money due to inflation.  If you save in #Bitcoin and hold it, you will experience volatility BUT will likely VASTLY outperform inflation.  Volatile savings technology (Bitcoin) is superior to guaranteed inflation losses (USD). 

Forged in the fire of Fiat.  https://m.primal.net/IolZ.png  
 Once the US Dollar was no longer limited to the amount of Gold in the possession of the United States Treasury, it lost its limitation on its supply. Once that happened, we had to “trust” that the US Treasury and Federal Reserve Bank would not create too much additional money. This is ”Why #Bitcoin.” 
https://m.primal.net/IlnT.png 
 Saudi Arabia deciding to end the 50 year petrodollar agreement is a huge blow to  US Dollar as the global reserve currency. This plus the continued debasement will further weaken USD. Perhaps it’s time to look into #Bitcoin

I believe the Saudis ditching the petrodollar system is MAJOR step away from USD fiat hegemony. I also believe the US can maintain its global leadership roll by fully embracing #Bitcoin. #Bitcoin mining defending cyberspace (see Jason Lowery) and stacking #Bitcoin in the US Treasury.

https://www.bizcommunity.com/article/saudi-arabias-petro-dollar-exit-a-global-finance-paradigm-shift-670911a 
 You have a problem. That problem is inflation. The solution is #Bitcoin. 

I wrote a article for the pleb / noob.  Feedback welcome! Don't worry, it is short.  Please read and let me know what you think.

https://goinglongardi.com/blog/bitcoin/why-you-need-bitcoin-now-1  
 Forged in the fire of fiat monetary debasement. #Bitcoin https://m.primal.net/Ifhc.png  
 I don't want to think about US national debt and the resulting debasement, but we have to recognize the problem if we ever intend to solve it.  The solution? #Bitcoin . Just buy and hold. That's it.  Ignore the noise (alts, runes, ordinal, etc.). Do your own research and buy #Bitcoin. FULL STOP.
  
https://m.primal.net/IffF.jpg H/T  @BitcoinMagazine 
 At the base, #Bitcoin was created to solve the problem of the violation of trust by Central Banks (FED, ECU, Bank of Canada, etc.); which is monetary debasement (creating money from nothing). Like it or not, WE ALL NEED Bitcoin. https://m.primal.net/IfeP.png  
 I am genuinely hopefully Nostr can be that platform. I think it can be. Only time will tell. I’ve decided to engage more here. 
 Putting in the work to get there! 
 Solid question  @zaqangabar . I think the way to keep Nostr true to the principles is to just keep encouraging people to interact and not cancel each out.  Freedom of expression is critical.  All the big tech socials cancel and restrict what be can say (some more than others). I may not agree with most of the garbage on social media, but trying to defend people's right be be heard and bridges through discourse. And hopefully I will get a little wiser along the way.  
 While I don’t know if #Bitcoin will reach $1,000,000 in 18 months it is possible in the face of US monetary debasement via massive overspending and borrowing. The US debt is out of control and that directly weakens the dollar which causes inflation. I’m heavily relaying on #Bitcoin. https://www.forbes.com/sites/digital-assets/2024/05/27/janet-yellen-issues-serious-34-trillion-warning-as-bitcoin-predicted-to-surge-to-1-million-price/?sh=3e087ed943be 
 Jake Dimon may retire early. Great! This is the same person that says #Bitcoin is only good for tax evasion and illegal activity but is also an Authorized Participant for the #Bitcoin ETFs.  https://nypost.com/2024/05/20/business/jpmorgan-chase-ceo-jamie-dimon-68-hints-hell-retire-sooner-than-expected/ 
 This was an exceptional event! @djvalerieblove put together a great group of panelists. Over 6 hours of high signal discussions! Well done! 🤙🏾 
 Congrats!!! The depth and quality of content you bring to the space is second to NONE! I’m grateful for it. The time you have saved me is incalculable. It’s my first stop when researching any app, hardware wallet or #Bitcoin related tech! You have EARNED that award. 🙏🏾 
 A healthy pullback in the proce of #Bitcoin is good as it cleanses the degen leverage. And look 👀  it's already starting to recover. Enjoying the "cheap" sats. Stack accordingly.
https://m.primal.net/HiDn.jpg 
 DUMP WAS NECESSARY TO SHAKE OUT ALL THE INFLUENCERS TRIGGER HAPPY ALL TIME HIGH POSTS THEY HAVE B... 
 On occassion #Bitcoin needs to expell the degen traders, leverage and grifters. Stay humble and atavk sats. 
 Far better to stack sats with @cashapp and @strike  than at some shitcoin canaino that goes down anytime there is a surge in demand ...cough..Coinbase..cough 
 Not planning to do this anytime soon BUT been looking into the current state of #Bitcoin  lending. UnchainedCapital.com and Ledn.io are two very reputable companies in the space IMHO. As a HODLer these rates seem CRAZY high. 

I am assuming that these lending rates are high to support degen-leverage trading. As I would be utilizing this more for working capital/liquidity type activities, it seems the current state of #Bitcoin  lending is NOT meant for more positive use cases. Sincerely asking.

These loan terms were taken off their respective websites today, Feb 17th with a current #Bitcoin  price about $51,200 as a point of reference. It is like getting a collateralized loan at WORSE than uncollateralized loans rates. Might as well just get a fiat bank loan; right? Am I looking at this wrong? Any and all comments are welcome.
https://m.primal.net/HdeR.jpg
https://m.primal.net/HdeS.jpg 
 Jamie Dimon the CEO of Chase Bank is an "Authorized Participant" for BlackRock's Bitcoin ETF. According to him #Bitcoin's only use case is illicit activity.  If Chase is associated with #Bitcoin as an AP and it is only for illicit activity then what does that Chase? By his definition it make Chase a money launderer by association. Can't have it both ways Jamie. Not impressed with him or Chase! 


https://twitter.com/i/status/1758145839673864392 
 This is HUGE for Hawaii!  Finally Hawaii has opened up #Bitcoin  for the Kama Aina (residence of Hawaii)!  Until now, Hawaii was one rated one of the most restrictive states in the US.  Companies can operate in the state without regulation per the Governor's office! Aloha!

https://governor.hawaii.gov/newsroom/dcca-release-hawaii-digital-currency-innovation-lab-to-conclude/ 
 @TIP_NZ gave her first live performance at Pacific Bitcoin. I was fortunate enough to witness it in person. Can’t figure out how to post on Nostr but had to get it out there. This humble Bitcoiner showed bravery expressing her craft on stage and nailed it. I still get chills when I watch it. Here’s a link then go check out her work and follow her.  https://x.com/mleonardi247/status/1710381358412095804?s=46&t=L3Ej1tTNH_G-NO2830_Zsw 
 Block’s new open source #Bitcoin hardware wallet looks LEGIT and I can’t wait to get one of these in for review! @jack how do we get my hands one of these? 😎 https://image.nostr.build/c28664c02a49f99e4c81fed62568e3ce60bc4a2a4f044d5d3ac28eb04f66ff1c.jpg