Bit 🐳 Ish

That's assuming the chance of each happening is 50/50. And it also depends on your risk appetite. If you have the chance at infinity money with a 1% chance risk of losing it all would you take the gamble? What about a 2% chance? 3%?
It also doesn't take into account conviction and fundamental value.
If I'm being honest, at this stage considering the amount of institutional, corporate, and high net worth value is in Bitcoin, i think the risk of Bitcoin going to zero is significantly less than 1%.
But going back to your specific question, you ask if there is a valid case for owning too much bitcoin? Nah. If it goes to infinity, you'll never own enough. If it goes to zero than owning ANY bitcoin is too much. I believe it's a near zero chance bitcoin goes to zero so based off that logic, I can never have enough bitcoin.

2024-09-13 20:53:05

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You're still supposed to pre-wipe with a bidet

2024-09-13 20:51:52

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She didn't wipe

2024-09-13 20:48:13

I have to finish my work so I can go to tonight's bitcoin meetup. But I keep getting distracted by bitcoin stuff...

2024-09-13 20:12:01

Quick list of documentaries:
Idiocracy
Hunger Games
1984
The Matrix

2024-09-13 20:08:48

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Hunger games
https://deadline.com/wp-content/uploads/2024/08/drag-paris-X.jpg?w=681&h=383&crop=1

2024-09-13 19:17:54

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Ahahahaha you know it!!!
Pleb in the street
Freak in the sheets

2024-09-13 02:34:05

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Sorry to hear it. Wishing your family all the best.

2024-09-13 02:33:20

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Ahhhh ok this might be the reason. After seeing this, I checked and saw his channel was force closed at some point.

2024-09-13 02:32:05

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Haven't tried on mobile. It's my sons wallet and he doesn't have a phone so that wallet is on his laptop. Maybe a dumb question but are you even able to access the same wallet on mobile and web? Import key is guess?...

2024-09-12 21:27:17

So I'm trying to clear out a mutiny wallet. I've got some funds in the freedom one mint as well as in self custody onchain.
Anytime I send any amount, it says "unknown error". Same thing happens if I try to swap from mint to self custody.
Any help here would be appreciated

2024-09-12 19:47:48

Ten more reasons why I need somebody new
Just like you

2024-09-12 14:34:49

Bitcoin is currently in a state of hyperfiftyeightkaytion

2024-09-12 11:38:05

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👋🏽👋🏽👋🏽

2024-09-11 18:40:19

#jackstr
https://upload.wikimedia.org/wikipedia/en/e/ee/Jack_Skellington.png
#nevent1q…5e7e

2024-09-11 18:35:20

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Bro was in there just tryna take a bath tho

2024-09-11 15:20:10

We are all nostr
https://i.nostr.build/7TCRydtJwju61wUU.jpg

2024-09-11 15:11:04

https://i.nostr.build/G9UUv6O1M6hCtgiE.jpg

2024-09-11 15:02:02

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Incongruent, not unconfirmed

2024-09-11 15:01:07

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Financial advisor using unconfirmed comparisons.
Global money supply doubles, not your personal money supply.
Global output/consumption doubles, but so does personal output/consumption supply.
If your personal money supply stays the same but personal consumption doubles, that is literally the value of your money halving.
It's not about a "sense" of this or that. It's the actual loss of personal value. The state is siphoning your value so they can stay at equilibrium.

2024-09-11 14:47:50

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Makes sense

2024-09-11 02:45:48

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Let me know how I and the #plebchain can help make it a reality.

2024-09-11 02:33:38

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Pull request submitted for nip-22 to decrease maxbatchsize.
(My devtalk impression)
https://i.nostr.build/h4WG7AU34UDLBKuk.jpg

2024-09-11 02:20:15

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Pooping.

2024-09-11 02:09:54

Respect is earned.
This debate has made a clear decision for me.
I'm writing in a vote for Satoshi Nakamoto.

2024-09-10 01:27:24

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https://i.nostr.build/OJiBWxneaTlHbUx4.jpg

2024-09-09 21:39:32

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Just glad I didn't get stung. Wasp stings are the worst

2024-09-08 00:55:12

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Yeah we hadn't done it for the 3 years we lived here and who knows how long since the previous owner.

2024-09-08 00:52:38

Dethatched my yard today... 24 bags of crud. I swear my lawn was 75% moss. Took me and the entire family almost 8 hours to get done
#proofofwork
https://i.nostr.build/V49mnLVSyD7Ji3k6.jpg
https://i.nostr.build/GkpFSCd2cyfVwgA5.jpg
https://i.nostr.build/TIljAfLAfhXJN8jP.jpg

2024-09-05 18:42:24

Oh no oh my god
How'd I get so damn unlovable
Yeah, it's all my fault
Can't believe it's so unnatural

2024-09-05 17:58:54

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Bitcoin and Prosper
https://i.nostr.build/RwqyqbDeSdwGyHqi.jpg

2024-09-05 02:06:47

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Samud is that you?!

2024-09-05 01:53:30

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The fat government minivan simply cannot win at whackamole against an army of sovereign honey badger lambos.

2024-09-05 01:49:56

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Remind me how long after apple banned damus it took for nostr devs to come up with zapplepay?
That's about how long it'll take for new clients to get spun up if nostr gets "banned"

2024-09-05 01:31:15

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To expand on this, nostr is there for the most desperate, much like bitcoin to be honest.
It gives those who would otherwise have no voice the ability to communicate, just like bitcoin gives the unbanked the ability to transact.
I agree 99% of people won't do all those things, but also 99% of people likely aren't desperate enough right now. If/when that time comes, nostr will be here for them. Things like that don't happen in a vacuum. And when it does happen to a given population, that disenfranchised group alone will be enough users to make nostr "worth it" and appreciated.
I noted this a while back but I think its appropriate here: nostr doesn't have to be big, to be big.

2024-09-05 01:21:37

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Nostr isn't claiming to be the town square. It is a censorship resistant protocol where people can go (often as a last resort) to maintain their voice.

2024-09-05 01:11:13

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He has a point but only in a vacuum. That scenario is plausible but is not anywhere near the whole picture.
He is not considering the fact that we can simply turn to any of the other nostr clients.
Oh, they're all "banned"? We we can easily sideload the apps.
And if that doesn't work we can spin up private clients with open source code.
All the while your identity persists like nothing happened.
A protocol is PRECISELY what we need. Saying we need unfaliable devs is like saying the solution to corruption is a perfectly virtuous government. All humans have a weak spot.
Nostr provides trustless identity and the foundation for it.

2024-09-05 01:04:08

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He also did it just now in brazil

2024-09-05 00:51:16

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Just like Musk, I too fight back against censorship by cow towing to the censors and folding to their strong-arm demands 🙄

2024-09-04 00:04:58

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Absolutely. You never know who you meet and what sort of circumstances that person is in.
Always Be Bitcoining!

2024-09-04 00:03:22

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https://i.nostr.build/FC5JHXUhUa4N6uRU.jpg

2024-09-03 23:58:13

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That fish on a wild ass ride...

2024-09-02 21:52:45

Anyone want to play?
#nevent1q…x9ws

2024-09-02 21:51:27

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Cleveland meetup group is trying to get a league going

2024-09-02 21:32:44

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Fair warning he's kinda froggy

2024-09-02 00:15:59

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Hey @npub1jcj…mtwx i know a guy... but you gotta move to Brazil real quick.

2024-09-01 21:13:50

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🥂🥂🥂🥂🥂

2024-09-01 16:18:14

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Rental

2024-09-01 02:50:22

Opt out before you're forced out

2024-09-01 02:24:37

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Auto translate is on amythest.

2024-08-29 18:52:53

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I mean salt is kinda important...

2024-08-28 23:10:46

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Boom boom!!!!!

2024-08-28 19:15:27

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Me talk to you.
Nothing in between.
No algo hiding your post or boosting someone else's to the top of my feed.
You post, I see, we talk.

2024-08-28 16:25:12

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I'm just glad people are taking the time to ask questions and better understand the protocol! Knowledge is power!

2024-08-28 16:23:37

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*lurks in hypocrisy*

2024-08-28 16:22:58

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Rar

2024-08-28 16:22:41

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I meant rebroadcast as in if a user rebroadcast a particular note (there's a button for it on amythest).
A blastr relay is slightly different as that connects relay to relay. You are right that typically relay connect peer1>relay1>peer2.
In my example, when I say broadcast, I mean if peer2 broadcasts my note to relay2 which I'm not connected to.

2024-08-28 16:20:01

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Feature not a bug imo.
Knowing your notes are "forever" forces you to think abt what you're putting out there. Freedom of speech is not freedom from consequence.
When people are more cognizant of what they broadcast out into the world, they tend to think twice and consider the consequences.
This in turn creates a more civil online society. Just like irl, once you say something out loud you can't undo it. This builds verifiable reputation and your actions follow your identity forever. Creates accountability and helps reduce toxicity. Brings back natural human interaction to the online world.

2024-08-28 16:13:56

This is easy to understand if you understand relays. Quick primer:
You connect with other ppl on nostr via relays. When I post a note, that note is sent to all the relays I'm connected to. Those relays then sends that note to all the other ppl also connected to those relays.
Ppl can further boost or broadcast my note which then sends it to all the relays they are connected to, sending the note far and wide.
If a relay does not honor the delete request, that note will remain and continue to propagate thru the network.
Similarly if the note gets sent to a relay I'm not connected to, the delete request won't reach those other relays and remain alive on the network. I wouldn't be able to see it since I'm not connected to the relays serving those notes, but I wouldnt see it but others might. That is, until that note makes it's way back around to one of the relays I am connected to.
Therefore delete is possible but not guaranteed.
Hope that helps?
#nevent1q…xqk0

2024-08-28 16:06:01

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👋🏽 welcome!

2024-08-28 15:36:35

Purple wedding LFG!!!!
#nevent1q…mr23

2024-08-28 15:35:05

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Ledger? More like EdgeHer

2024-08-28 02:25:19

For those new users coming from X or whatever else, PSA on follower counts:
The people you follow are what makes up your feed. Your feed determines your experience here. There is no algo so keeping an eye on your follower/following count is entirely meaningless. There is no clout to chase down that alley and no one gives a fuck if you have an influencer ratio or whatever. In fact, with our system of relays. Your follower count is often inaccurate anyways!
Just follow who you like. I like to follow liberally so I have an interesting and full feed. Good or bad, your experience here is what YOU make of it, not what some algo decides it should be. Content comes at you in real time from the people you're following.
Please take this to heart as you explore and spend your time here. 💜🤙🏽
#introductions

2024-08-28 02:16:33

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🤘🏽
Enjoy your time here!

2024-08-27 13:56:31

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Feel free to ignore the dirty state of my deskmat/wristrest...
https://i.nostr.build/yVoJccfXsx9gM8XL.jpg

2024-08-26 02:42:42

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Hey welcome!

2024-08-25 18:18:49

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At one point? I'd argue we are already amidst it.

2024-08-25 15:49:34

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Rssblue is another similar option

2024-08-23 19:57:24

Nice
#nevent1q…mt8v

2024-08-23 19:56:38

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Dang I'm sorry to hear it. Must be such a sour feeling seeing your hard work get rugged like that at the push of a button.
That said, if only there was some sort of censorship resistant protocol and related ecosystem built around hard money that supports livestreams and podcasting.

2024-08-23 00:59:22

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That's a good strategy if there isn't much time. Just getting people around to the fact that they don't truly understand money in the first place is a milestone in and of itself.
I guess for me it is really situational. How much time (and how much willingness does the other person have to listen and learn) all factor into the appropriate strategy.
I've always said, you have to meet ppl where they are, not where you want them to be.

2024-08-22 21:11:35

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Haha it's a mouthful but I'll take it!

2024-08-22 20:03:54

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You summed up my world in two words

2024-08-22 20:02:26

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Woah coincidence, I'm listening to this vinyl right now

2024-08-22 19:39:42

I get this question A LOT. This is a really good concise and logical way to explain it. Gonna use it for sure!
#nevent1q…5utl

2024-08-22 18:15:48

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Hopefully they will be back one day

2024-08-22 18:12:32

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Hahaha maybe it was both! But yeah I was shakey the first time shooting a gun as well. It's a ton of adrenaline, especially the first time ever.

2024-08-22 18:06:10

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The other stuff 4v4 music scene is really popping off around here.

2024-08-22 18:04:22

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Is it just me or was that guy super keen to get both those guns out of your hands IMMEDIATLY after the last round each time 😆

2024-08-22 14:23:50

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https://imgflip.com/i/912m3i

2024-08-22 01:34:14

@npub1mc2…4ptv taking a "break" 😆
But for real though, all the best to ya buddy. We'll see you again soon, hopefully.
https://i.nostr.build/uWNjNy4jVCuhrRLF.jpg
#nevent1q…qmtg

2024-08-22 01:24:31

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You're a real one. We'll be here (hopefully) when you come back.
Yes it's definitely miche with a ton of potential. I think nostr is currently pigeonholed as a Twitter clone. I think the focus shouldn't necessarily be on non-bitcoin content, but to build out useful non twitter-like applications on top of the protocol.
I believe the true killer property of nostr is digital identity and reputation that follows you across apps. This applies beyond just social media.

2024-08-21 15:33:03

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@npub1mu9…jj0t

2024-08-21 15:09:03

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Absolutely. It's added complication for no real gain for anyone.
The rich get taxed the same. The poor get priced out. The accountants have to work more for the same cost. The government arguably gets less tax money because it will reduce total investments in the market.
Literally no one gains from this.

2024-08-21 14:45:43

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The way I see it as bitcoin hodler is just someone who does just that. buys and holds amd not much else. They see it as a passive investment.
A bitcoiner uses their bitcoin as money, is involved in the community, orange pills, builds, or at least furthers the cause in sone way. A bitcoiner is a hodler who's also more actively involved in the ecosystem.

2024-08-21 14:31:41

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There's a timing issue though. Taxes are assessed on previous year but your stock value is market price. If imagine it's April 2025... your stocks appreciated crazy high in 2024 so u owe a huge amount of unrealized gains tax. But right now it's April 2025 and stocks tanked in February. You now have to sell at a loss to pay your unrealized gains taxes.

2024-08-21 14:08:34

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This won't eat the rich at all. It will only lock out the poor from participating in investments. An unrealized gains tax is effectively a prepayment on your eventual realized gains.
It'll make stock investments unattainable for the cash poor. If you're taxed on unrealized gains you have to pay tax on earnings you haven't actually earned (and may never actually earn). The cash poor will not be able to pay this tax and therefore cannot invest. The rich can pay it as they have liquid cash on the sidelines.
Taxing unrealized gains ultimately becomes a timing issue. Once a security is realized, you end up at the same net amount of tax paid (you pay more upfront and less upon disposition). A tax on unrealized gains is effectively a prepayment on your realized gains. The rich who can afford to prepay will not pay any additional taxes net. This will not eat the rich but simply lock out the poor.
This gets crazier because if the unrealized gain turns into unrealized loss later down the line, how is that handled? Is the government going to provide a rebate/return on the difference? Tax basis is already a nightmare to deal with as-is, this is just another massive layer of complication to add on top. Just on data volume alone, this will likely add, on avg 5-10x more transactions to process. And thats not taking into consideration the significantly more complicated rules/exceptions that will need to be put in place and the level of additional rollforward tracking required for the lifetime of every position. This will become an absolute logistical nightmare from a tax accounting perspective.

2024-08-21 03:37:23

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Agree with what dans saying here... those friends don't sound very loyal. People change and often change in different directions. Find out where you gravitate your time and effort to. Find other people who do the same. There you can start to build a new circle of friends who share similar interests or values.

2024-08-21 03:33:50

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https://imgflip.com/i/90x4zc

2024-08-21 03:31:03

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Let's do that retreat we were talking abt in nashville

2024-08-21 01:58:24

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We are all time travelers

2024-08-21 01:53:42

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Why should it matter female vs male? That seems like a non-sequiter parameter to me.
Funding should be based on the merits of the project itself, the dev's abilities and existing proof of work.

2024-08-21 01:49:52

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An unrealized gains tax of any amount is absolute insanity on so many fronts

2024-08-20 20:02:00

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Just doing my part!

2024-08-20 19:47:03

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The blockchain is made up of blocks. The more blocks in a given blockchain, the more proof of work thats there. The blockchain with the most blocks is the longest chain.

2024-08-20 19:45:47

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Mining pools simply take your hashpower (randomly guessed numbers) and pool them together. When one of them hits, they broadcast the block and distribute rewards to those who contributed guesses.

2024-08-20 19:44:21

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When miners mine, they have to come up with a number below the difficulty number. When they go to guess the magic number, they start with a nonce. It's a number that is plugged into a formula to generate a guess. If that guess is below the difficulty, they mine the block by broadcasting it. If it is above, they add 1 to the nonce and try again.
...I think...