Bitcoin
Bitcoin and everything related. Please don't post daily price. That's low signal info
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@kazani
bitcoin has been running for nearly 17 years
at the protocol level, no transaction has ever been blocked, no coin has ever been seized
not enough people appreciate the magnitude of these simple facts
- Odell on Nostr
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@kazani
There are 2 types of people. Those who believe in authority, and those that don't. If you come across someone who believes they have authority over you, and they're supported by a system of other people that says they have authority over you, treat them like you would a gorilla.
You can't reason with a gorilla, talk to a gorilla, or fight a gorilla and win. A gorilla is a dangerous animal, they have no actual authority over you but they believe they do and they have the ability to kill you if you disagree.
You bow down, you make the gorilla believe they're in charge and you are not. If you make the gorilla believe you are subservient to them, they are more likely to leave you alone largely intact.
Like it or not might makes right, "he who has the Gold makes the rules", and those who command the most economic energy are in charge until they aren't. Unfortunately for us, it is authoritarians who in today's world have near total control of the most important good required for a truly free market: money.
Governments every year spend more value, acquired through theft and devaluation, than the value of the entire Bitcoin network combined. But as they do that balance is shifting little by little every day, the more they devalue their networks the weaker they become. It won't be much longer until Bitcoin's exponential growth and the Dollar's exponential devaluation reach a major tipping point and everything changes exponentially fast. Until then, bow to the gorillas in public while fighting them in private.
Understand that there is little point to open conflict, we have already won! We won't win by conflict with them, we win by outcompeting them. Bitcoin is spreading across the world like an out of control wildfire and it cannot be stopped. The world needs better money and while Gold and Silver are great physical trade units, they those and fell on that backs of the authorities that made them too many times in history to be trusted again. Bitcoin fixes everything wrong with money, it's literally just sovereign tokens of values of time (average block time divided by block reward) and energy (average hashrate divided by block reward) and both values are constantly growing.
Imagine Bitcoin powered hospitals, Bitcoin powered food kitchens, Bitcoin powered fire departments, Bitcoin powered schools, Bitcoin powered factories, Bitcoin powered everything. With Bitcoin, just acquire a critical mass of Satoshis and spend them slower than they grow and you'll never run out of money. No obedience to arbitrary rules given by authoritarians needed.
The world doesn't get better out of nowhere, the world gets better when Bitcoin grows big enough that Bitcoiners spend more money and build more services that provide more value to society than the fiat money printers do.
That day is closer than you think.
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@kazani
Bitcoin developers are sleepwalking towards collapse
https://murmurationstwo.substack.com/p/bitcoin-developers-are-sleepwalking
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@aso
The NVT Golden Cross looks at how Bitcoin’s price lines up with its network activity.
Currently, this indicator indicates that Bitcoin is moving from a lower than usual price range to a price equilibrium. This usually means that more buying and accumulation is beginning.
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@kazani
ON THIS DAY IN 2013: The term "HODLING" was born on Bitcoin Talk
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I AM HODLING
I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro. Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what? I'm not part of that group. When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~! Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.
so i've had some whiskey
actually on the bottle it's spelled whisky
w/e
sue me
(but only if it's payable in BTC)
----
P.S. it's pronounced "HODL" **not** "hoddle"
Thank you for your attention to this matter.
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@aso
Holders of 100-1,000 Bitcoin
The indicator currently shows that whales have bought 54,000 Bitcoins ($4.66 billion) in the past week.
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@aso
Public companies hold about 1.07 million Bitcoin, governments hold 620,000 Bitcoin, and US spot ETFs hold 1.31 million Bitcoin.
Exchanges also hold about 2.94 million Bitcoin.
These institutions hold about 5.94 million Bitcoin, or 29.8% of the total circulating supply.
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@thoughtcrimeboss
Having fiat in a bank account means you don't have full control or ownership of that money. It can be seized from you at any time for a myriad of arbitrary reasons.
This is why I use Monero and Bitcoin as my bank. I own my money, do you?
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@0xsujit
Exactly 17 years ago today, Satoshi Nakamoto started the Bitcoin mailing list.
The rest is history.
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