stefanogaspari
Stefano Gaspari

#Bitcoin class 2022
“Libertas et Logos”
X: @stefanogaspari

Public Key

npub12lw3llqas76pjlvmmrcdlt4jtz8cusnntq6ct669sdfcfmq9m25qc495k4

NIP-05 Address

stefanogaspari@stefanogaspari.com

NIP-57 Address

stefano@stacker.news

Profile Code

nprofile1qqs90hgllswc0dqe0kda3uxl46e93ruwgfe4sdv9adzcx5uyasza42ql6qheu

Author Public Key

npub12lw3llqas76pjlvmmrcdlt4jtz8cusnntq6ct669sdfcfmq9m25qc495k4

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Last Notes

2024-09-07 03:33:16

Curiosity of the day:
Starting from block 139690 (05/08/2011) a miner named Eligius started to inscribe a Catholic Prayer in Latin in some coinbase messages.
Block 139690
cbaa0a64924fe1d6ace3352f23242aa0028d4e0ff6ae8ed615244d66079cfb1
(see the hexdump at the bottom of the post).
"Eligius/Benedictus Deus. Benedictum Nomen Sanctum eius." -> block 139690
"Benedictus Iesus Christus, verus Deus et verus homo." -> block 139792
"Benedictum Nomen Iesu." -> block 139831
"Benedictum Cor eius sacratissimum." -> block 139898
"Benedictus Sanguis eius pretiosissimus." -> block 139904
"Benedictus Iesus in sanctissimo altaris Sacramento." -> block 139921
"Benedictus Sanctus Spiritus, Paraclitus." -> block 139942
"Benedicta excelsa Mater Dei, Maria sanctissima." -> block 139977
"Benedicta sancta eius et immaculata Conceptio." -> block 139990
"In nomine Patris et Filii et Spiritus Sancti. Amen." -> block 140181
This is a Catholic prayer composed in 1797 in Latin by the Italian Luigi Felici for the purpose of making reparation after saying or hearing sacrilege or blasphemy. https://image.nostr.build/91230c18ee8760256d9dab50a328743aaf78477d7007dfbc8d6e35619b0aa44e.jpg

2024-09-01 03:51:41

I found on stacker.news this accurate definition of the eras of the #Bitcoin life so far…
1. Satoshi Era (2009-2010)
2. Silk Road/Wiki-leaks Era (2011-2012)
3. Mt. Gox Era (2013-2014)
4. Blocksize War Era (2015-2016)
5. ICO Bubble/Crash Era (2017)
6. #Reckless/Rings of Fire/Lightning Torch Era (2018-2019)
7. Stimulus/Saylor/NFTs/Yield-farming/Proof-of-Stake/Ponzi Double-Bubble/Crash (2021-2022)
8. Ordinals (Shitcoins on Bitcoin) Era (2023)
9. Post-ETF (Third-party custody is a Scaling Solution) Era (2024-present)
As a class 2022 bitcoiner, I was ‘born’ during era 7, immediately after the Terra/Luna crash and a few months before the FTX collapse.
To what era do you belong?

2024-09-01 03:25:27

This is an outstanding moment for buying the hardest money ever.
Acquire a superior asset (#BTC) against an inferior one (USD).
#58k

2023-12-16 20:43:28

Unbelievable. If we will continue like this #Bitcoin subsidies will become very soon marginal for miners compared to block fees… https://image.nostr.build/1f1ebc134a42d496853dc0ac55cb9e058c5d40fa21b845686e010d109a9e03ba.jpg

2023-11-29 14:24:48

21,000 blocks to the halving.
90% of this cycle is completed.
Tik tok next block.
#Bitcoin https://image.nostr.build/81ecabd8fa2fe90a82b02077bb3f4c92974f32e76434a64f39c658e84e458d31.png

2023-11-23 14:43:01

83.7 BTC for a transaction fee. New world record!
This event reinforces my idea that there are a lot of new big players (sometimes making mistakes) entering the #Bitcoin space in this period.
https://mempool.space/tx/b5a2af5845a8d3796308ff9840e567b14cf6bb158ff26c999e6f9a1f5448f9aa

2023-11-22 09:36:04

#Bitcoin first consolidates its role as a store of value then it will gradually become a medium of exchange.
Exactly like hard money did in the past

2023-11-22 09:34:57

#Bitcoin is a concrete hope for a better future

2023-11-18 07:53:32

326 sat/vB?!?! Never seen such a huge fee per virtual byte. Something is happening in the #Bitcoin base layer... https://image.nostr.build/6db88e92b9ac52c8f742ade4ccfd519bd37a041e6790a32101de3e2b80d0489c.png

2023-11-18 06:05:55

My feeling is that the increased number of unconfirmed transactions in the mempool is in some way connected to an intensive accumulation activity perpetrated by BlackRock, Greyscale, etc ahead of the spot ETFs approval. I might be wrong anyways…
#Bitcoin https://image.nostr.build/17cbbb426d1dd5f21ed2928203c05f3890c4dfe31953db33e28fdb15c838e5c4.jpg

2023-11-17 18:24:19

Deflation is feared by monetary systems which rely on Debt creation.
The is no fear of deflation in economies adopting the #Bitcoin standard

2023-11-11 10:54:14

A block with a single transaction among blocks with thousands of transactions.
I'm curious to understand how rare it's this event... https://image.nostr.build/023639abfee018221c4da8f3796509490647cbbb3b7d435ba2f984e647fe29ed.jpg

2023-11-11 07:49:10

I rather prefer to look at prices in #BTC more than the price of #BTC

2023-11-06 18:24:41

The #Bitcoin mempool is full of unconfirmed transactions and the fees are growing more and more. Lot of activity in course on the base layer…

2023-11-01 05:27:29

#Bitcoin : the hardest money ever

2023-10-30 08:31:48

The greediness of the fiat culture has accelerated the “discovery” of #Bitcoin

2023-10-29 03:43:20

The idea of earning something without effort, getting-rich-easily is a sub-product of the fiat culture.
There is no free lunch.
Work hard and stack sats.

2023-10-26 17:21:02

#Bitcoin is consistent with one of the law of the universe: you get what you give.
You must to hard work, exploit your talents first then get a reward

2023-10-25 14:16:31

Imagine a future where the Stock of a Public Company is denominated in #Bitcoin .
The correspondent share price will reflect much better the intrinsic value of the enterprise.
With fiat currencies the share prices of Public Companies are often manipulated

2023-10-25 14:15:53

- reply

I meant fiat with “cash” in this case

2023-10-25 13:41:21

Cash is trash

2023-10-25 11:11:58

#Bitcoin is the the first artificially made element present in nature. It is the 119th element of the periodic table and yet the most scarce among all https://image.nostr.build/64c9778c0ff38e7b2ff2f3690c98e0fa30aff4c4597cb9a8374138cedbaf2d62.jpg

2023-10-25 09:10:34

We will have a new Renaissance with the advent of #Bitcoin

2023-10-24 16:29:09

…I’m super focused in creating and broadcasting a raw #Bitcoin transaction with a Python script developed by myself…I noticed only now the #BTC acceleration of the latest 24h…

2023-10-22 03:51:44

#nostr is the future.
X/Twitter risks to be turned off in Europe

2023-10-16 18:52:19

When you start to understand #Bitcoin you realize how unfair and corrupted the world of fiat currencies is

2023-10-13 12:12:45

#Bitcoin pill n.2:
A private key is an integer number.
A private key more precisely is an integer number which ranges (in the hexadecimal system) between 1 and FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFEBAAEDCE6AF48A03BBFD25E8CD0364141
There are then approximately 10^77 possible private keys usable in the Bitcoin network.
It is estimated that there are between 10^78 to 10^82 atoms in the known, observable universe.
Therefore trying to find a specific private key is almost like trying to find a specific atom in the observable universe

2023-10-11 15:49:07

#Bitcoin pill n.1:
There are 5 different types of standard locking scripts (called scriptPubKey)
- P2PKH (Pay-To-Public-Key-Hash)
- P2SH (Pay-To-Script-Hash)
- P2WPKH (Pay-To-Witness-Public-Key-Hash)
- P2WSH (Pay-To-Witness-Script-Hash)
- MultiSig scripts
each one of them designed with different fixed lengths (in bytes) in a way that it’s impossible to have a conflict of interpretation of the Bitcoin Core interpreter

2023-10-10 16:50:17

#Bitcoin is an open source protocol, it doesn’t have owners, everyone can contribute to its development.
#Bitcoin is a network, it is made by tens of thousands conventional computers (nodes), everyone can join it.
#Bitcoin is digital property, it is secured by an asymmetric cryptography with a field of approx. 10^80 private keys (approximately equal to the number of atoms in the universe), everyone can send part of his/her property without any permission and interaction with any intermediary
#Bitcoin is freedom

2023-10-10 10:12:54

The gradual and unstoppable #Bitcoin adoption implies a gradual and unstoppable cultural change of the society

2023-10-08 19:51:22

“…the feature of the fiat system is that it treats future promises of money as if they were as good as present money because the government guarantees these promises” (q. Saifedean Ammous in The Fiat Standard)…
The amazing thing of this feature is that there is no controlling mechanism in the issuance of these future promises (debt) https://image.nostr.build/54d1515c077a603710a840ca71f2477483545e3bf4ebc165b9e941071e455192.jpg

2023-10-08 07:13:34

I have an idea regarding the development of a board game which educates people in learning the #Bitcoin protocol and the positive effects of #Bitcoin on a market economy.
Any feedback? Shall I move forward with it?

2023-10-05 20:54:52

Running your own #Bitcoin node is like running your own bank.
You have a total control of your funds, without trusting anyone.

2023-10-05 11:46:57

“Don’t trust, verify”
#Bitcoin

2023-10-04 17:45:41

#Bitcoin belongs to humanity.
Everyone of us can protect the #Bitcoin protocol running our own node, independently by where we are located and by how much wealthy we are or not.
#Bitcoin doesn't exclude anyone. It's one of the most inclusive resource ever, like the air we breath and the water we drink.

2023-10-03 19:06:06

#Bitcoin …
…is transnational
…is stateless
…is censorship-resistant
Therefore it’s unstoppable

2023-10-02 10:01:01

Stay humble…set achievable targets…stack in average 3000 sats a day…and thank me later after 10 years

2023-10-02 06:45:52

This is a video published by the IMF...
youtu.be/F0VaaZdH1x0?si…
It explains what is inflation and from where it comes from.
There is no mention about the increase of money supply. Inflation derives from the Latin word “inflare” which means “blow in to”. We have inflation when additional money is blown into the market of goods and services.
The video defines inflation starting from its effects, as an increase of prices, without explaining its real nature and causes (the video attributes maliciously the increase of prices only to shortages of supply and increases of demand)

2023-10-01 12:36:57

Many people highlight that Bitcoin consumes huge amounts of electrical power….
Only few people more correctly say that #Bitcoin absorbs huge amounts of power produced in excess.
#Bitcoin eliminate wastes

2023-09-30 18:48:15

- reply

I’d like to test your thoughts as well @timechain : )

2023-09-30 18:34:31

- reply

Let me make an example.
The ideas of:
1) introducing asymmetric cryptography through the usage of a specific Elliptic Curve for proofing to be the owner of a specific UTXO (unspent transaction output)
2) using hashing cryptography for creating a Proof-Of-Work condition which permits to verify easily to the other nodes that the mined block is genuine and not malicious
… which are revolutionary in their simplicity…which permit to transact money without a middleman and then solve the issue of centralization of the money supply…they are however still deeply neglected or ignored or misunderstood by the common financial literature even the one which critics the current monetary system

2023-09-30 18:03:03

It’s amazing to observe still the quantity of misinformation about #Bitcoin . There are still books regarding the failure of the current monetary system plenty of inaccurate explanations about Bitcoin. Only a curious reader can scratch out this layer of misinformation…

2023-09-30 08:42:02

For the first time after the birth of Bitcoin (03/01/2009) the Fed funds rates rose to 5.5% with a corresponding tightening of the USD supply.
Nevertheless this shortage of dollars in circulation didn’t stop #Bitcoin from keeping a price in USD better than the peaks of the previous halving cycle…

2023-09-29 08:08:48

Every time a single USD/currency in a bank account is converted to the corresponding amount of sats and moved into a cold wallet, the overall capacity of banks to create “fake” money decreases a bit

2023-09-28 15:10:05

Everyone one of us should be excited to live in the early-stage period of #Bitcoin .
It’s a unique opportunity which many human beings of the past have missed and of the future will miss…

2023-09-28 14:46:38

With #Bitcoin everyone takes full control over the wealth created by her/his own hard work

2023-09-28 14:36:38

From 1985 up to today the world GDP has increased 8x (from approximately USD 12.5 trillions to over USD 100 trillions, at current prices).
However the global poverty rate in the same period moved from approx. 70% of the population (3.39 billions people in 1985) to 47% (3.76 billions people in 2023).
There is an evident problem of wealth distribution.
#Bitcoin fixes this

2023-09-27 20:46:31

#Bitcoin is pure energy.
390 MWh of energy is necessary today to forge 1 single $BTC. And this value keeps going up year over year.
This is enough for us to understand how much a Bitcoin is undervalued

2023-09-27 13:08:40

Every satoshi you stack today builds up the foundations of your and your family's generational wealth. #Bitcoin

2023-09-27 12:03:28

#Bitcoin is unstoppable.
As per September 27th 2023, its network is made up of 46860 nodes, distributed over:
- 133 countries
- 5943 cities
It cannot be banned. It has no single point of failure

2023-09-22 12:08:11

$BTC is the most efficient way to store energy for the future

2023-09-20 11:45:08

Saving and stacking sats bring you naturally to assume a low time preference which brings you consequently to take care of your health and well being #Bitcoin

2023-09-20 08:28:07

Everyone who buys and holds permanently whatever amount of sats in cold storage can be considered a pioneer of the unavoidable #Bitcoin revolution

2023-09-09 17:11:43

Bitcoin is a silent revolution

2023-09-02 07:48:26

Is there anyone able to explain me why 2% inflation is better than 0% inflation?

2023-09-01 03:37:40

Sats are artifacts moulded by computational power

2023-06-28 06:18:52

There is no second best

2023-04-05 12:29:40

- reply

Outstanding plot!

2023-04-05 10:40:36

Are most of the citizens who deposit money into a bank account aware of the fact that they are lending their money out for zero interests and high risk-taking activities?

2023-04-04 14:01:48

It’s worth noting that even though China and Russia restarted buying gold in the latest years, their gold holdings are well far from the holdings of US.
It seems that they are still not strong enough to impose a gold standard https://nostr.build/i/nostr.build_ad1355f4014f920bffcd4eb129e85582d04afe88ff7162a76bda9dead753370a.jpg

2023-04-03 14:39:03

What country is going to adopt the #Bitcoin standard in place of the gold standard after the demise of fiat currency?
What is the probability that US will do that?

2023-04-02 10:26:21

Brazil and China strike a trade deal agreement to ditch US dollar
https://www.foxbusiness.com/markets/brazil-china-strike-trade-deal-agreement-ditch-us-dollar #FoxBusiness

2023-03-31 17:17:33

U.S. Government sells 9,861 #Bitcoin seized from the Silk Road hack, netting over $215m https://www.forbes.com/sites/brandonkochkodin/2023/03/31/us-government-sells-bitcoin-seized-from-silk-road-case-netting-over-215-million/

2023-03-31 13:00:04

65,000 tonnes of Liquefied Natural Gas imported from UAE settled in Yuan…first steps towards the PetroYuan
https://etenergyworld.com/s/y8lnnz6