Michael Powacht
The Austrian

https://powacht.com

Early bitcoin adopter and educator, open source system integrator, Black Metal lover

Public Key

npub1cp94npnx4waxqk0kz2200h8qr70jsmyr0fll45fnhzvz9pmtgmeskxnkqr

NIP-57 Address

gentlepiano28@walletofsatoshi.com

Profile Code

nprofile1qqsvqj6esen2hwnqt8mp998hmnspl8egdjph5ll66yem3xpzsa45duce0q55l

Author Public Key

npub1cp94npnx4waxqk0kz2200h8qr70jsmyr0fll45fnhzvz9pmtgmeskxnkqr

Show more details

Last Notes

2024-09-12 14:26:13

Everyone gets a shot making #Bitcoin price predictions. Here is mine:
US$ 100k on 17 December 2024.
Let's go!
#Bitcoin

2024-09-10 02:26:16

“Value is not intrinsic; it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment.”
- Ludwig von Mises
The wisdom of the Austrian School of Economics.
When will goldbugs start to understand?
#Bitcoin

2024-09-07 03:32:29

I am thankful for #Bitcoin and Black Metal. https://image.nostr.build/56194f5da3ba6e0117641969a7b85fe5ce8f6f647ba35464d1f99bd67cf7d491.jpg

2024-09-06 01:08:33

https://image.nostr.build/b24558713a4e7cc78965ed559204c045676fbaeabde12ef675a2f00933eae33d.jpg

2024-09-05 13:36:43

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🙏

2024-09-05 10:47:45

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💯Decentralized platforms are the only way out of censorship and confiscation because they have no attack surface. As long as there is someone to come after, governments will.
#nostr #Bitcoin

2024-09-05 07:29:54

The only memorable part in the movie “Gold” 👇 https://image.nostr.build/cde3019b00f80e37cda06f64ed6c2b4b8d6f1ec6ea929ac247ecc0efd296d253.jpg

2024-09-05 07:23:42

Relentless #Bitcoin advertising in Bangkok. These ads are everywhere along all major roads 👇 https://image.nostr.build/943048be3e3ec04ad58aada4bce969ef6600c5d9a156f3c518eb8c68a463c15f.jpg

2024-09-05 07:15:47

It’s hard to believe how far shitcoiners are willing to go. #Bitcoin https://image.nostr.build/9adb598523b2900b5f870bbb944feb627b67277a92f3986f9e87ad0fac833e1d.jpg

2024-09-04 10:20:45

Central banks adhering to a fiat standard steal 10% of our time and energy each year.
#Bitcoin

2024-09-03 10:43:20

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Always around bud!
#Bitcoin

2024-09-03 01:11:09

Beware of the so-called experts.
Don’t trade. Keep DCA’ing.
Keep holding #Bitcoin. https://image.nostr.build/51f8dd5f137f86d2cddea0d6dee9a0efd4cdbf4e40528a6b3a0981ec2da0f5fd.jpg

2024-09-03 01:04:47

Back up and safely store your #Bitcoin seed phrases.
My favorite solution 👇inexpensive and effective. Add a magnet and mount on any hidden metal surface.
BE YOUR OWN BANK! https://image.nostr.build/acbba4ea0cb9fd859847d9cbfa98951eca43152df578e920fe11d4bb2eacebb9.jpg

2024-09-03 00:18:39

Who needs friends? #Bitcoin, this amazing community, my great job and Black Metal is all I need.
#Bitcoin🚀

2024-08-30 00:30:28

#Bitcoin 🚀 https://image.nostr.build/2b3a6e229edf6c7c1d43c7589403970c45edb0caf43a59e09fbd2c15bf5eb2cc.jpg

2024-08-30 00:06:50

We live in an age of censorship and ever-increasing dystopian control. Our only way out are decentralized, censorship-resistant free-speech platforms like #nostr and decentralized, confiscation-resistant money like #Bitcoin.

2024-08-28 06:03:46

Massive swarm of high profile X’ers flocking to #nostr. 🤝
Decentralized “trustless” platforms are the only way forward.
#Bitcoin #nostr

2024-07-27 12:38:30

Being back on #nostr feels good.
Decentralize everything.
#bitcoin #opensource

2024-07-27 12:17:58

The US stock market is an overvalued shitcoin fueled by AI hype.
Get out while you can and buy #Bitcoin.
#Bitcoin

2024-01-31 12:40:20

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😂😂😂

2024-01-24 00:51:26

Central bankers’ worst nightmare 👇 https://image.nostr.build/2cbf5a9a9924c8fca68187e678333bd934e953e98f2211e98dd0bc48536c995a.jpg

2024-01-03 09:41:39

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True happiness lies in the present.

2024-01-03 08:01:42

I visited Vienna’s St. Stephen’s Cathedral for Christmas. This Romanesque/Gothic structure was built between 1137 and 1578. I imagine that this is what low time preference means. #Bitcoin https://image.nostr.build/d6b97ce7f582864624f55bf023bb0c14a40794ec4f209654cd0b0e0fc1bf8a63.jpg

2024-01-03 07:53:07

Nature and #Bitcoin teach us “low time preference” https://image.nostr.build/6f547734a08f69b645b83eb8d7cc0f8dee29235b9c73e09cb2136df89ac154ca.jpg

2024-01-02 13:24:38

Thoughts on 2024
Many of us are worried that we are headed for higher inflation in 2024, which has been eating into our hard-earned money and purchasing power for years, as inflation by far outweighs interest yields. Inflation is an increase in money supply which causes goods and services to become more expensive. A variation to inflation is shrinkflation.
And worse, some of us, including myself, are afraid that we are headed for a full-blown hyperinflation scenario the likes of Weimar Republic, almost exactly 100 years ago.
No job, no career, no monetized achievement matters without a sound STORE OF VALUE, which allows us to conserve the fruits of our labor, our expended energy, for the future. This monetary property is referred to as “Coincidence in Time”. The lack of a reliable store of value increasingly results in instant gratification (“high time preference”) amongst consumers: enjoy today and spend, rather than save money for later.
During the time of the gold standard, fiat money was backed by physical gold. The gold standard allowed citizens to exchange every US$ note for physical gold. Fair and square. Fiat money was considered sound money due to the backing by a scarce physical commodity.
Tragically, the world’s gold standard was abolished in 1971 and since then, fiat money has been ‘backed’ by nothing but government debt, more debt, and ever-increasing debt, without a hard-cap to the reckless money printing practices by central banks, putting at risk not only your, but your next generation’s financial well-being.
Fiat money no longer meets the definition of sound money. Full stop. It doesn’t, and it never will again, regardless of what governments and central banks want to make us believe. Excessive monetary debasement (fueled by many factors) historically has, and inevitably will result in the gradual demise of economies, the erosion of household wealth, and financial distress. The probability of an economic reset becomes higher by the day, which would put us and our loved ones back to ground zero, something my ancestors have learnt the hard way.
Preparing for these disruptive events is our personal responsibility, instead of relying on governments as our saviors. Don’t trust, verify. No one’s coming to save us, least of all our governments, which have thrown us into a deadly debt spiral in the first place, and will likely go broke.
Our personal responsibility demands us to effectively hedge these imminent financial risks and to thrive during times of economic distress.
Me must cut through layers of lies and ‘unlearn’ many of the convential ‘truths’ we were taught in school about
- What is money?
- What is the problem?
- What is the solution?
Avoid becoming a victim of a ‘Weimar Republic 2.0’ by taking financial responsibility. Start acting today.
Do your research, ask for help.
2024 will not be as forgiving as 2023.
#Bitcoin

2023-12-31 02:59:50

Predictions for 2024:
- More fiat currency debasement
- More inflation, growing real estate and equity bubble.
- #Bitcoin adoption accelerates resulting from increasing awareness, inflation hedging, and flight to safety.
Not owning #Bitcoin is financially irresponsible.
#Bitcoin

2023-12-28 16:17:25

I love stacking #Bitcoin and discovering mystical places. This is almost unreal… https://image.nostr.build/e8866b5960c2d0d26468065d9278e73e0d780df8b10f239ae7f101921c528f7f.jpg

2023-12-23 07:24:17

A merry christmas from a mystical place. I already got all the christmas presents I wanted:
a happy family and #Bitcoin https://image.nostr.build/134d2dafbae953eb5adeeca3fe07c7f7e80d3af7142f66ab6c1c1e0de6dc4d46.jpg

2023-12-09 01:36:52

The fiat elite is scared shitless.
Jamie Dimon JPM wants to have #Bitcoin closed down.
The problem he and many other Fiatards have is that they don’t understand #Bitcoin is censorship and confiscation resistant.
The #Bitcoin network is decentralized, with thousands of computers across the world running a copy of the blockchain.
#Bitcoin is unstoppable as the vast majority of people chooses sound, finite money over unsound, infinite money.
#Bitcoin already won.

2023-12-05 11:19:33

If you have an iPhone and want to connect a #Bitcoin hardware wallet running #foss firmware, check out the SafePal X1. At US$ 69.99 a real bargain.
#Bitcoin

2023-12-05 11:12:46

Saving fiat is an uphill battle one can never win. The interest yield never makes up for the erosion of purchasing power by inflation.
The more you save, the more you lose.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSAOc843WkwRBmgBJ1FXq1LZ98UojUTFh1eNw&usqp=CAU
#Bitcoin fixes this.

2023-12-04 12:46:38

Nice #Bitcoin rally, but let’s
remember there are many catalysts that haven’t even played out yet:
- Several SEC ETF approvals
- Institutional investors creating supply shock
- Massive FOMO creating more supply shock
- Halving in 2024
- Continuous/worsening inflation
Never sell your #Bitcoin

2023-12-03 12:33:21

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There you are 👊

2023-12-01 09:26:19

Fiat is headwind money.
#Bitcoin is tailwind money.
#Bitcoin

2023-12-01 06:51:45

This is the first time in my life I feel that money works passively in my favor.
#Bitcoin

2023-11-24 10:16:50

Gold was a great inflation hedge. It no longer is. #Bitcoin is digital gold. It’s superior to gold in every aspect. Consider #Bitcoin’s properties:
- censorship and confiscation resistant
- portable
- divisible
- permissionless
- decentralized
- ‘trustless’, no trusted third party required
- neutral
- publicly verifiable
- operates 24/7/365

2023-11-24 07:04:02

#Blackrock and others keep meeting with SEC officials to iron out the last wrinkles in their ETF filings. There is not a shred of a doubt that the SEC will approve these #Bitcoin ETFs. It’s no longer a question if, but when. Once approved the flood gates open and institutional investors will pour in to diversify their traditional portfolios.
#Bitcoin

2023-11-22 03:04:30

Please take your #BTC off exchanges. Do it now!
Not your keys, not your coins. Exchanges pose unacceptable risks: They can be hacked, they can be shut down and censored, or they just run off with your money.
#Bitcoin was built to be “trustless” and functions without a trusted third party.
#Bitcoin

2023-11-21 06:27:49

#Bitcoin is our escape hatch from wealth erosion and poverty caused by fiat inflation, and ultimately hyperinflation.
It happened 100 years ago (Weimar Republic), and it will happen again. #Bitcoin

2023-11-20 13:33:58

I see resignation and despair everywhere. Inflation is eating people alive. The fiat standard is modern day slavery, #Bitcoin our liberator.

2023-11-20 12:11:17

The time has come for long forgotten acquaintances, ‘friends’, and family members reaching out. “Remember this Bitcoin thing you told me about a while back?”
#Bitcoin

2023-11-20 12:01:27

Bangkok street food, delicious https://image.nostr.build/0e9808faafbff22b21c99b66dc4f14d932feae30de81e74edce65a2ae590fad0.jpg

2023-11-20 06:55:08

To WalletOfSatoshi and advertisers: Keep the sats coming. Love it.
Sats are precious digital gold dust!
#Bitcoin

2023-11-20 03:00:27

Today Argentina gets drunk, tomorrow it starts buying #Bitcoin.
#Bitcoin

2023-11-20 00:08:04

I’m not affiliated with this company but at US$ 69.99 for a bluetooth enabled hardware wallet running open-source firmware, the SafePal X1 is a steal.
https://www.safepal.com/en/store/x1?ref=bonustoday

2023-11-20 00:01:14

The Argentina effect. Holy cow, BlackRock better hurry to buy those #BTC. https://image.nostr.build/8c9c4daafe6f0483441cee2d35d4890269d9dd97b50aad3b579e900ff3132be1.jpg

2023-11-19 23:51:48

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Argentina’s shot at getting out of this inflation hole.
#Bitcoin

2023-11-19 23:50:41

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Congrats to Argentina to get out of that inflation hole with #Bitcoin.

2023-11-19 23:49:33

The times they are changing…
https://www.reuters.com/world/americas/argentina-readies-vote-likely-presidential-election-thriller-2023-11-19/

2023-11-19 12:50:56

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💯 hardware wallets running open source firmware only!
I own a Bitbox02 but I also like and own a SafePal X1, running open source as well. For US$ 69.99 it’s a steal too.
Check it out: https://www.safepal.com/en/store/x1?ref=bonustoday

2023-11-19 12:41:44

#Bitcoin is freedom money. It drains the power of governments and fiat elite, and hands it back to the people. It empowers the unbanked and oppressed. A new era has begun where everyone is free to participate in the global #Bitcoin economy without asking permission.
Be your own bank and hold #Bitcoin in self-custody.

2023-11-19 04:58:57

Sats are precious digital gold dust.
Every sat counts.
#Bitcoin

2023-11-19 04:57:23

More and more people surrender to resignation knowing they can't make it under a fiat standard as inflation eats into their savings. It's a battle they can't win.
When will they wake and realize the solution is right at their doorstep: #Bitcoin .

2023-11-19 04:50:17

A dystopian world order is inching closer: CBDCs, social credit scores, and now proposed global health certificates. Say no and opt out. #Bitcoin

2023-11-19 01:42:12

100 years ago, Weimar Republic’s hyperinflation wiped out all citizens.
Never forget, it can (and probably will) happen again.
#Bitcoin

2023-11-19 01:42:04

100 years ago, Weimar Republic’s hyperinflation wiped out all citizens.
Never forget, it can (and probably will) happen again.
#Bitcoin

2023-11-19 01:42:02

100 years ago, Weimar Republic’s hyperinflation wiped out all citizens.
Never forget, it can (and probably will) happen again.
#Bitcoin

2023-11-15 02:18:00

Central Banking is modern day slavery. Opt out with #Bitcoin.

2023-11-12 01:55:51

#Bangkok morning fog? Nope, I’m afraid it’s pollution blinding the street lights. https://image.nostr.build/d88278b4f67c2c31c16bdcb9c34fb87dbc1ead6ba6576f09b579c792e9227859.jpg

2023-10-30 05:43:10

It feels good knowing you’ve done everything in your power to secure your and your family’s financial well-being:
You kept an open mind, you read, studied and researched, you evaluated your options and concluded holding #Bitcoin.

2023-10-30 05:33:27

I’m an atheist but nothing beats the chilled and cheerful atmosphere you experience over a cup of hot punch at a European Christmas market. This year it’s gonna be Munich.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQwcy9uFC3MqzkdEk4wIpPL9PKMWjqD6wbSNg&usqp=CAU

2023-10-30 05:24:12

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What was his concern?

2023-10-30 05:21:54

When purchasing a hardware wallet, choose wisely. An important check box is “Open Source firmware”. If your hardware wallet runs open-source software, any skilled dev can vet the source code for bugs and vulnerabilities.
#Bitcoin

2023-10-30 05:16:58

Shitcoins keep blowing up, one by one, until we understand that there is no second best.
#Bitcoin

2023-10-30 05:13:06

SEC approval of #Bitcoin ETF this week?
Not a matter of IF, but WHEN.
#Bitcoin

2023-10-26 23:28:34

When purchasing a #Bitcoin hardware wallet, you are confronted with many options. An important criteria is the device runs open source soft and firmware, not proprietary software. Open source software code can be viewed by anyone in the world. Skilled developers can vet the code for bugs and security vulnerabilities.
I now own 2 such wallets:
1. SafePal X1
2. BitBox02
https://www.safepal.com/assets/img/x1-double.png
https://bitbox.swiss/bitbox02/

2023-10-16 06:03:44

What you are looking at isn’t breakfast about to be eaten, but all the food a couple has left behind, after loading up too much at the hotel’s breakfast buffet.
The world struggles with #inflation and high food prices while some people do this… https://image.nostr.build/403c07289596fd4d556fd0ce57126a6024733503968f0b6ea16f5580a1a992e5.jpg

2023-10-15 10:47:47

Have a great Sunday! https://video.nostr.build/ac40d014f03cbbf0b3d2c4f30e24d61eddaccab05fd038f943f0b924e9fb35ea.mov

2023-10-10 05:19:00

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Dystopia.
#Bitcoin

2023-10-07 02:37:37

SafePal X1 has arrived 😁
- Model X1 is open source
- Supports Bluetooth for wireless signing, which is good news for iPhone owners because the iPhone doesn’t support USB-C hardware wallets, which is a big drawback with my BitBox02. https://image.nostr.build/972025dc78e080c9eb77e7979849c1c9a8d55520792ff85a78801cbe57bb2cc7.jpg

2023-10-06 14:35:25

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Great to have u on #nostr Peter.

2023-10-05 01:48:09

It's a relief watching the scammers, grifters and their poo tokens being washed out, one by one:
- SBF/FTX
- Richard Heart/HEX,
- Ben Armstrong/BEN,
- Do Kwon/LUNA,
- Craig Wright/BSV.
The truth and sound money always prevail.
#Bitccoin ONLY.

2023-10-04 06:26:28

Everyone without any exposure to #Bitcoin will be thrown into poverty as "Weimar Republic 2.0" hyper-inflation will rapidly and irrevocably eat away one's fiat-based purchasing power. Time is running out.
#Bitcoin is your lifeline.

2023-10-04 06:24:51

US$/THB just hit 1:37, which will result in higher prices for goods and services in Thailand.
One must remember that this will ADD to the already high inflation everyone has been suffering from for the past several years.
Buy #Bitcoin to preserve your purchasing power.

2023-09-25 13:30:21

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the role and importance of nodes in the #Bitcoin network.

2023-09-18 00:39:22

Reading: https://en.wikipedia.org/wiki/The_Brooklyn_Follies
Listening: https://youtu.be/myzd67ovPZM?si=5AE44Dd4GUcSFs6u

2023-09-18 00:06:32

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#Bitcoin for Argentina is inevitable.
#Bitcoin

2023-06-19 11:31:39

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thanks man!!

2023-06-19 11:29:32

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I agree with you. Why would anyone exchange sound money for fiat?
#Bitcoin

2023-06-19 11:27:28

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right on man!

2023-06-19 11:06:04

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Working on gobbling up all Paul Auster.

2023-06-19 11:03:49

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I love my father. He passed in 2008. I spent too less time with him while being raised by an abusive step father.

2023-06-16 00:41:02

✅ SEC singles out #Bitcoin as the only asset deemed as a commodity.
✅ SEC says everything else other than #Bitcoin is a security.
✅ SEC cracks down on shitcoins.
🙏 SEC approves #Blackrock #Bitcoin ETF

2023-06-13 12:47:13

Everyone standing in the way of #Bitcoin and #nostr will get burned.

2023-06-13 12:46:00

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done.

2023-06-11 06:03:42

Unlike all shitcoins under the sun, #Bitcoin has no attack surface. #Bitcoin is censorship and confiscation resistant.
A painful lesson shitcoiners are learning right now.
#Bitcoin, no shitcoin

2023-06-03 06:22:34

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I already expected that outcome reading he’d attend this shitcoin conference. He’ll soon realize what people he’s dealing with . Kurt Wuckert, #faketoshi, Calvin Ayre.
Mind your wallet Peter 😂🤡
#Bitcoin

2023-06-01 13:03:27

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💯 #Bitcoin holders have a low time preference. They delay gratification for as long as possible.
#Bitcoin

2023-06-01 04:29:51

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1 day later… https://nostr.build/i/5b2a04ca193222992e8dcd53a0be113e129e558726f60447f14458dbb3a938ee.jpg

2023-06-01 04:16:55

Cash is trash, gold a dead rock.
#Bitcoin

2023-05-31 01:09:31

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Sorry dolls, it’s of course 5000 sats. I used a crappy online converter. Won’t happen again.
#Bitcoin

2023-05-30 11:40:32

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Never thought about short-selling this this way. eye-opener! Thanks.
#Bitcoin

2023-05-30 11:26:22

I ❤️ Bangkok street food. Large portion of sliced pork dumpling soup with fresh chili for 450 sats.
#Bitcoin https://nostr.build/i/93b5bbdeac2025b8c5e54d74ee371634b9612365629a27c59864d4fa00206fc9.jpg

2023-05-30 09:51:18

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Jim Cramer’s impeccable track record of being being wrong.
#Bitcoin

2023-05-29 11:22:06

Is it me, or is the hype around $PEPE fading? My best guess is the shitcoin has been milked dry and is now ready to crash. Shitcoin shills ready to move on to the next.
Stay away people.
#Bitcoin

2023-05-29 09:30:55

I don’t mind if #BTC’s “price” goes up, down, sideways or in circles because
1 BTC = 1 BTC.
Always be stacking. https://nostr.build/i/6bd0709d01b0a1d6bf01bc8b04b306a0b4814dbd2ce167f4d210d95bc434eb6b.jpg

2023-05-29 08:14:27

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ice skating?
#Bitcoin

2023-05-28 07:27:01

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That’s why they will be replaced by DAOs.
#Bitcoin

2023-05-28 05:25:59

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💯

2023-05-28 03:48:38

Thanks to #Bitcoin the unbanked and oppressed are being empowered, regaining their financial freedom. It’s a deeply satisfying feeling.
#Bitcoin is financial freedom