Gm nostriches. Fiat denominated price is not what’s important, although Fiat freedom is appealing. What is more interesting is the commitment, investment and energy going into securing the network, with each new asic likely looking to be in operation for at least the next 5 years (sorry hack academics for the reality check), they are putting their money into the network’s future.
Network hashrate and difficult on an absolutely tear, projected upwards difficulty adjustment of plus 8% in 3 days.
Hash rate bull market in full swing, and likely something Wall Street are sleeping on. #bitcoin #hashrate #shitzgonnagetcrazy
https://m.primal.net/LoxV.jpg
Gm British nostriches, feeling like a broken record but bear with me. So how can a government firstly freeze inheritance tax since 2009 and then change the rules about managing assets so you can get around this (pensions)? How can people say this is anything other than arbitrary and capricious theft? FYI, this isn’t a problem of not enough taxes, it’s a problem of too much spending and getting the banks out of a hole in 2008, imho.
Hmmm, if 18-40% of my savings get taken away, surely that is the prize (for someone willing to help) or the amount I’m able to spend on getting around this death tax. Yes, could spend it all in myself (but I’m no hedonist, and given my risk tolerance, I may not last that long), but it is likely worth more than I earn in the fiat mine to work all this shit out. If I don’t agree with what the government proposes, I can use every legal avenue to reduce the money that gets taken to fund them. 😈
Politicians are for the most part below average iq, or just evil. They must not realise that once citizens (with means) wake up, and potentially be highly motivated to defund the state. If I live very frugally in my cabin in the woods (with family and dog 🤞), I won’t need to sell many assets to fund my life, therefore minimal capital gains bill. 🫡🙌 #bitcoin #grownostr early morning #coffeechain musings
https://m.primal.net/Lovy.jpg
Happy Halloween and white paper day to all the nostriches. May you stay away from all the awful glucose and chemical filled “treats” and pay a little thanks to Satoshi.
Remembers the words of ‘V’,
“People should not fear it’s government, a government should fear it’s people”,
Made oh so more clear by the concern caused by the chancellor of the exchequer yesterday. Why should they have the power to seize the value of what they incentivised us to save in our pension? Time of opt out and buy #Bitcoin.
https://m.primal.net/LoOq.jpg
This time last year, price was about £27k and I put the white paper in the window as part of the house’s Halloween decorations and gave out some chocolate bitcoin. Today’s price is pretty much £57k. Don’t say I didn’t give you a hint. #bitcoin #halloween 🎃
https://m.primal.net/LoDH.jpg
Gm nostriches. Posted happy #Bitcoin white paper day on my normie instagram account. Waiting to see what “feedback” I get. Thank you Satoshi, I’m forever grateful for your gift to us all, my normie friends may not be ready, but their kids are going to love it. 🫡🙌
https://m.primal.net/Lnvy.jpg
Gm nostriches, listening to what appears to be the most powerful person in the UK at the moment (who has comments on how difficult it was to manage her £86k salary when in opposition). Telling us she will use her infinite knowledge to steal/seize assets from your pay packet, your investments and anything your parents want to pass on.
Most worrying was talk of how she has changed passing on farmland. Why do government need to grab productive land? Hmmm socialists and controlling food production? That always worked well, just ask Ukrainians under Stalin… don’t worry, says comrade Starmin, as long as the “working people” are protected. #grownostr #coffeechain
https://m.primal.net/Lnsc.jpg
Around 36 years ago I got my first dog and over 21 years ago she died, shit happens, but last night I had a dream she was in. Just the same attitude, real cartoonish, local hood swagger as she walked liked she owned the place but was super happy to just spend time with me and so so soft, as she always was. 😍
Looking forward to the next time one of my old dogs finds time in their busy afterlife to pay me a visit. #dogstr
https://m.primal.net/LnUe.jpg
Loved this chat, currently up to my nostrils in inflation related research and writing and this was awesome. Now to throw the shit I’ve written at some walls and see what sticks. Pikeeh!!!!
https://fountain.fm/episode/JXoSOaC4FBRpUfmlwxNX
nostr:nevent1qvzqqqpxquqzqxy639jjj8d9trjsdvw4v4j9u0yn7c0mpvwtnde22leejg6udsxhyagmek
Could someone please tell me that I’m being an absolute ‘tard, but I can’t help feeling that if employers are paying an extra 2% in national insurance, won’t that directly reduce the amount of profit a company makes, so reducing tax paid on profits and if companies don’t make profits this will make them go out of business so very bad for the economy.
Increase of 2% NI will also wreak havoc in already stretched sectors, such as uk universities.
GA nostriches,
Uk Labour Party, taking hand outs and freebies from their donor class, while professing to be there for the “working people”……. Also increase cgt on lower earners more than for higher earners. 80% increase compared to 20% increase for higher earners.
If lower earners don’t revolt at this, it’s because they don’t own any assets which is even worse and they now have less motivation to improve their situation. Deep breath, buy #bitcoin, remove your productive capacity from the nation state.
https://m.primal.net/LnBK.jpg
Gm freaks, Just putting it out there, but it isn’t just #bitcoin Ngu, but Ngu can’t happen without “fiat go down” #grownostr
https://m.primal.net/Lmkx.jpg
Gm nostriches, hyperinflation doesn’t just happen when governments can’t pay their bills, but also when people lose faith in the currency. Faith in the currency is derived from faith in the government to build long term confidence.
Today, we wait, bated breath, for the words of Rachel Reeves on what she plans to do with our savings, our investments, our pensions and our future. We have no idea quite how low she will go to fill a £22-40 billion hole (of governement’s creation, labour and tories). Unless she walks a very fine line and provides the productive class an environment worth contributing to, they will either lose or seriously question any faith that remained.
If the productive class fully appreciate the situation, they will realise alternatives must be sought, alternatives that cannot be taxed (unfairly), seized or devalued. They will front run hyperinflation and go very very long #bitcoin.
https://m.primal.net/LmkJ.jpg
I love that time of the cycle as all time highs begin to be broken around the world. Thank you Canada for devaluing your government token slightly more than the British idiots.
https://m.primal.net/LlzP.jpg
Gm nostriches, deep breath, enjoy the calm, we’re above $70k, inches away from an ATH and media is silent, retail are focused on making ends meet and we’re here is Nostrovia, enjoying the calm seas and watching as we barrel towards our FIRE targets.
Boss asks why I’m late, I reply, you wouldn’t understand.
#bitcoin is for smart people.
https://m.primal.net/Llqa.jpg
Gm nostriches, she closes on Friday after a funny end of trading micro baby dump, chops across the weekend and then builds before US trading opens. To all the ETFs out there attempting to fill orders for the weekend’s purchases:
“hello darkness darkness my old friend”.
9 days and counting, let’s bring it.
#bitcoin
https://m.primal.net/Lkmx.jpg
Gm nostriches, watching this video this mornjng and really enjoyed it, even if the guy is a touch boomer, warren buffet aligned for my liking, but I think worth a watch.
Loved that he overlooked the two prior and one later “bitcoin bubble” in his dataset. If those holders in 2017 held until today, they’d a) buy up about 4x and b) not have been bankrupted by a tax bill (never overlook HMRC or the IRS).
Bubbles burst, as speculative investors with withdrawal gains and are exit liquidity. Bitcoin price becomes overvalued due to speculation, but due to underlying value proposition, increases in value over time (nothing new to nostiches, but worth stating)
Don’t try and rebalance your portfolio, when things get frothy, reduce your DCA and don’t take on leverage, maybe buy “value stocks” (if there is still such a thing) and wait out the blow off top and smash buy and resume dca when prices return to and maybe dip below fair value (or ideally 200wma cheers @Rizzo ). Nfa, but also if you want to bitch, gfy,
https://youtu.be/d3yaKI_RHdo?si=5Vk3wYz1kYoDDkEW
Wife: is everything ok, you look like you’re doing something important?
Me: connecting a lightning wallet on my phone, to one on my computer, which is connected to me node.
Wife: oh……
#albygo #growlightning
GA nostriches, just can’t help myself, the joyous irony of this news for the British Labour government, the top Private school headmaster getting a healthy pay rise……. But also, does this mean he’s still, as “Sir Two Tier Kier” would term it, “working people”?
https://m.primal.net/LjuS.jpg
So Brits, at all concerned about Wednesday’s budget after already seeing those crooks thinking charging VAT on the fees of the students they aren’t having to educate, to fund the students they are failing to educate but receive taxes for is acceptable?
“Indications are that this budget will feature flats rises on a “once in a generation” scale: uk there with Denis Healey’s in 1975 [when the economy was completely fucked]”
Good times, opt out, buy #bitcoin #ukbudget2024 #theweek
I always wondered why my father was so keen on teaching me how to go out in a boat, but the value of being able to lose stuff at sea is priceless.
https://m.primal.net/Ljub.jpg
Gm nostriches, Trying to stay calm and in my lane, focusing upon writing rigourous and constructive research into bitcoin and bitcoin mining, but there is so much BAD research being push out there and HACK academics putting actually drivel on their CVs.
We had transactions being the same a swimming pools or iphones (flippin' de Vries), now we have.....
"Executing a single Bitcoin transaction equates approximately to the greenhouse gas emissions of a moderate-sized electric or gasoline engine sedan vehicle traveling between 1600 and 2600 km"
Hey guys, I can only respond to one paper at a time, I'm going to have to go full time "critical response guy" and fully ditch the teaching element of my job. Given the ethical quandry of supporting a system that gets kids into debt while providing them with limited skills, I'm not sure what excuses I have left......
https://link.springer.com/article/10.1007/s11625-024-01576-5
Some say sell your chairs, but sometimes you can buy cool shit while at the same time, if you don’t support people in your community, you’ll end up with no one to exchange value with. #vforvendetta @MADEX #bitcoin
https://m.primal.net/LirM.jpg
Good bye to Great Britain, as 2 tier Kier lowers to bar of the rich people he aims to focus on to “working people, who can save a little bit, don’t invest anything and can’t afford any unexpected expenses, with a cheque”.
Does this mean basically the only people he won’t focus upon are those basically living pay cheque to pay cheque? The middle class are done in Britain.
https://www.google.com/amp/s/www.dailymail.co.uk/news/article-13999509/amp/working-people-Keir-Starmer-landlords-Budget.html
Love that it is with the establishment that brings out all the ‘A’ listers…. They have the money printer and also likely some dirt on every one of these stars, you would thing they have enough money to turn down the paychecks that sap them of any credibility.
Gm nostriches. Quiet calm Saturday morning before the joys of a weekend with the family begin. #coffeechain and #vforvendetta providing signal for maintaining a clear mind and questioning everything THEY attempt to feed us.
https://m.primal.net/Libz.jpghttps://m.primal.net/LicB.jpg
Trying to do some research and speak with some bitcoin companies, super simple stuff and I’m being held up by processes in the university…… if anyone wonders why research it so boring and slow, everything has to go through a committee to get approval first.
So if I stop being employed by a university, could I just act as an ethical researcher with integrity without the need to get approval from anyone? Hmmm, another reason to ditch the fiat mine. #bitcoin beckons me into the bright orange future.
Two tier Kier is literally bringing everyone down to the level of a toolmaker living in a terraced house, the cash grab going on in the uk 🇬🇧 is very real.
https://m.primal.net/Lhbk.jpg
Read an academic bitcoin adjacent paper, realised how garbage it was, started writing a response. Reached out to two companies who are referred to in the paper and they both go back to me.
Firstly not interested, then “you make a good point, let me know when we can jump on a call”
#bitcoin is awesome, fiat mining needs to be retired.
Gm nostriches, happy Friday freaks, busy night on the purple app last night, few zaps and lots of notifications. Busy day today of meetings, dealing with fiat manager idiocy and potentially liquidating $mstr before cap gains in the UK changes…….
Well, if you wanted me to only hold assets I don’t intend to sell Ms Reeves, you just had to say so….. smash buy incoming (leaving some on the sidelines for tax 😫)
But first #coffeechain #grownostr
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The balance between when the new rules come in and the buying power of whatever gbp you take out in April….. sat/gbp. Also, the recent move to “from immediate effect” makes me worry.
If it’s about understanding the problems that #Bitcoin fixes before adopting it. Think about where we were 4 years ago, no inflation spike, no seizure of assets (both international (Russian) or individual (Canuck truckers)), no application of Bitcoin mining within power infrastructure.
The normies’ level of preparation is a world of different than last time. They now know they need an inflation hedge, they know they need to be able to control their assets, they may even realise bitcoin will not boil the oceans by 2020.
Thank you @greencandleit and Car Gonzales for a new angle on the old “but this time is different” trope. Stay humble and be ready to accept the deniers with open arms, they knew not what they may now appreciate.
https://fountain.fm/episode/TcNJygK8YhfD9ygAh10t
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