Bitcoin sails on Nostr: Do I have this right about #Bitcoin? If you are reading this, I’ve followed you on ...

Do I have this right about #Bitcoin?

If you are reading this, I’ve followed you on Nostr or X/Twitter for a while and probably saw you on a podcast or read you. I have enjoyed learning from you anonymously. Thank you. This is my first ever post on Nostr and I don’t know if many people will see this or respond.

Do I have this right about #Bitcoin?

I can store the money I earn within the largest decentralized digital network on earth with a protocol designed to produce a scarce supply of the underlying money/asset, secured by its design and the energy it takes to produce it, with limited counterparty risk?

Nobody can debase or take my stored energy/money unfairly or without my consent?

I can send value stored in it wherever I want without anyone’s permission?

And all I have to do is securely store my own keys and hodl it, and there’s an app for that? I can optionally setup a private node on the network for verification & participation?

It’s the best performing asset over the last 15 yrs of any asset class or any tech or wholesale/retail stock that I’ve invested in over those 15yrs, including APPL up over 4.5k% since 2008, COST up over 730% since 2009, NVDA up over 7.8k% since 2010, AMZN up over 1.4k% since 2011, SHOP up over 600% since 2017, MELI up over 500% since 2017, HUBS up 330% since 2018? Yes- confirmed, if I would have traded for Bitcoin instead, I would have been up way more than my equity investments.

Supply is scarce with daily production cutting in half in the spring of 2024?

Demand is high due to it now being beneficial for corporations to own it on their balance sheets due to recently approved rules for fair market accounting?

And ETFs are expected to be approved and available for easier institutional firm investments starting in 2024?

Meanwhile the backdrop is continued increased dollar supply and expanding US 34T debt with 2T/yr deficits against increasing deflationary producing technology such as AI which is soon to be in more parts of my every day life? Per math the current US & world debt is already insolvent and appears to require continuing raised debt ceilings and inflating more fiat dollars, without much other choice or options?

I think I’m sold on the Bitcoin value proposition and see that it’s backed by math, energy, and the decentralized operations that protect the rules/software/code/protocol from changing/rug pulling me vs. what’s happening with the theft/debasement of fiat “money” today. From everything I have read and learned, it appears to be a better designed money and a better store of value to save my energy, and can easily be used or converted to any other medium of exchange.

No brainer. I’m in.

Action today: Trade in my devaluing dollars for the increasing value and purchasing power of Bitcoin. Hodl. Continue to dollar cost average this trade each month from here starting now. Research and buy the right hardware to secure my keys. Research node hardware and how to install and run it on the network.

Please correct me wherever you disagree or comment where you do.

Thank you!

P.S. If my wet dream comes true and magically the BTC ETFs don’t get approved today and it pulls back to 40k or below, I’m aping in.