bitcoinforthepeople
Publius

www.bitcoinatonemillion.com

I'm a simple man! I'm no coder, cypherpunk, or investment guru. I'm no wise pontificator who will lead you in the right direction. I am an average man, just trying to get by, who sees the value proposition of Bitcoin as a store of wealth (and much more) for my family and everyone elses.

Public Key

npub1jmyv7ekdv2n04fyvq3f3drznpvth9r2vf5hwqcya5cflde4hrqgsd5fe3x

NIP-05 Address

bitcoinforthepeople@BitcoinNostr.com

NIP-57 Address

frailcaptain06@walletofsatoshi.com

Profile Code

nprofile1qqsfdjx0vmxk9fh65jxqg5ck33fsk9mj34xy6thqvzw6vylku6m3sygdfmc2u

Author Public Key

npub1jmyv7ekdv2n04fyvq3f3drznpvth9r2vf5hwqcya5cflde4hrqgsd5fe3x

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Last Notes

2024-04-02 01:11:45

I'm down for this.
#nevent1q…gt7v

2023-11-14 05:58:05

Just updated http://bitcoinatonemillion.com/
A simple resource to calculate what a current allocation to #Bitcoin will become if/when bitcoin hits $1million. Check it out and scan the QR if you want to support me with some sats.
https://image.nostr.build/68a2bba0b048ea82bc5de7c50d4dfa738ce0641648780d6337e67e82ae3221ea.jpg

2023-11-11 04:29:10

#bitcoin rising from the ashes!
https://image.nostr.build/dd02d8b4a0fd346497ea6fc9ec5fb846dd5d26b5a8de6a7e9250b43bf4ef9dd3.jpg

2023-10-31 17:03:45

Happy Bitcoin White Paper Day everyone, let's scare the pants off those central bankers!
https://image.nostr.build/eda775777fcd913cf7544f0bf3f70318b619e29a0a594f0729d445528cfb12f2.jpg

2023-09-06 06:37:24

Let #bip300 and #bip301 be resigned to the grave. If anyone needs further understanding of why, also turn to the latest episode of The Bitcoin Podcast with @npub1cj8…rz4u and @npub1s05…eyhe
https://youtu.be/Jazr_6nPHxU?si=TmltH8GBD1H1aJzZ

2023-07-17 20:21:15

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Was a great interview even if it got a little contentious at times!

2023-06-23 20:01:11

Abby Saves In Bitcoin https://a.co/d/0WoW0KW
Okay, attempt #2 at not sounding like an idiot.
I wrote a children's book. Please support me if you can!
Hopefully this adds to the space in some way.

2023-06-23 19:06:01

Okay everyone. I wrote a children's! Please purchase a copy and let me know what you think.
Abby Saves In Bitcoin https://a.co/d/f95ezkO

2023-06-13 19:25:53

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Listening to Peter Dunworth right now!

2023-06-13 14:56:37

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Wanted to throw out that I was able to get the url fixed.
www.bitcoinatonemillion.com

2023-06-06 17:51:44

http://bitcoinatonemillion.com/
Put up a simple website to get normies asking questions. Kinda like a hook in sales. Show them something they can connect with and get the conversation rolling. Let me know what you think.

2023-05-24 18:22:38

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Thanks man! I have an excel sheet for the same thing. LOL. I wanted to have some way to get that concept out to people that haven't taken the plunge yet and show them something tangible. Hopefully get them asking questions like "why 1 million?, and start a dialog.

2023-05-24 08:03:23

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http://bitcoin1million.0eee295.wcomhost.com/
I made this site to help give people an idea of what an investment today could turn into. Let me know what you think.

2023-05-24 04:07:07

http://bitcoin1million.0eee295.wcomhost.com/
The site is a working progress but it is functional at this time.
I wanted to create a site that made investing in bitcoin a little more tangible for people. Let me know what you think.
Feel free to ZAP me to help keep it up and running.

2023-05-22 04:25:20

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Well, that image didn't post...

2023-05-22 04:23:06

7 days with my new crew and I received a cryptic serial killer style note, I'm doing something right!

2023-05-16 08:01:38

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I keep telling people this. We, in affluent, non-communist countries will be the last to understand the necessity of #nostr and #bitcoin
#nevent1q…n56r

2023-04-20 22:45:01

Going to keep posting until it gets some traction. I was impressed with how this turned out. Lol
#nostr friends. I asked ChatGPT to write a poem about #bitcoin in the style of my favorite poem IF by Rudyard Kipling. I made some edits but what follows is my battle cry to you all!
IF Bitcoin
If you can hold your bitcoin when all about
Are panicking and selling with a shout;
If you can trust yourself when others doubt,
And HODL tight without a single pout;
If you can wait and not be tired by waiting,
Nor be tempted when FOMO is baiting;
Or being hacked and losing all your sats,
You can build it back up and not forsake;
If you can make one heap of all your winnings
And risk it on more coin for new beginnings,
And lose, and start again at your beginnings
And not let losses shake your inner feelings;
If you can force your heart, nerve and sinew,
To hold on when dips make others bid adieu,
And sustain the losses of bear markets through,
And still keep your head, without turning blue;
If you can talk with hodlers and keep your virtue,
Or walk with whales – nor lose the common touch;
If neither bull nor bear can hurt you,
Yours is the hodler's kingdom, and everything in it,
And which is more you'll be a millionaire, my friend!
By Publius/ChatGPT
#stayhumblestacksats

2023-04-12 08:03:38

Gm #nostr I asked ChatGPT to write a poem about bitcoin in the style of my favorite poem IF by Rudyard Kipling. I made some edits but what follows is my battle cry to you all!
IF Bitcoin
If you can hold your bitcoin when all about
Are panicking and selling with a shout;
If you can trust yourself when others doubt,
And HODL tight without a single pout;
If you can wait and not be tired by waiting,
Nor be tempted when FOMO is baiting;
Or being hacked and losing all your sats,
You can build it back up and not forsake;
If you can make one heap of all your winnings
And risk it on more coin for new beginnings,
And lose, and start again at your beginnings
And not let losses shake your inner feelings;
If you can force your heart, nerve and sinew,
To hold on when dips make others bid adieu,
And sustain the losses of bear markets through,
And still keep your head, without turning blue;
If you can talk with hodlers and keep your virtue,
Or walk with whales – nor lose the common touch;
If neither bull nor bear can hurt you,
Yours is the hodler's kingdom, and everything in it,
And which is more you'll be a millionaire, my friend!
By Publius/ChatGPT
#stayhumblestacksats

2023-04-09 11:46:18

"If you denominate your assets in a store of value that is constantly being devalued, everything you own will appear to be increasing in price."
- Pomp

2023-04-06 13:43:08

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I think it also depends on the person. For me, I got interested in bitcoin because tech interests me. Once I went down the rabbit hole, the failures of the fist system became apparent.
For others who aren't interested in the technical side, they might need a different door to enter through such as realizing the drawbacks of the fiat system and going down that rabbit hole to discover bitcoin.
Many paths exist between these two points and thus you are correct that giving people options allows them to find their own path to bitcoin adoption.

2023-04-06 13:33:43

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Great insight. That got you a follow!

2023-04-06 13:21:35

The three functions of money are:
1. A medium of exchange
2. A store of value
3. A unit of account
It can't be argued that bitcoin doesn't fulfill roles 1 & 2. Although bitcoin did serves as a unit of account in the early days, it is arguable that it doesn't do so currently. This is a matter of perspective though and dependent on societal level influences. This could be remedied with time.
What people miss is that fiat only serves functions 1 & 3. It is not a logical position to state that fiat serves as a store of value once you understand fiat.
This brings me to this question. Is the best way to increase bitcoin adoption to educate people on bitcoin, or instead educate them on the losses that are hidden from their sight but are real in the fiat system?
The latter would require them to first realize they need a way out of fiat losses and then search and hopefully find the answer that is bitcoin.
Although this may take more time, it may ultimately be a more productive path.

2023-04-06 13:04:58

Old article by Pomp but we'll worth the read.
"If you denominate your assets in a store of value that is constantly being devalued, everything you own will appear to be increasing in price."
https://open.substack.com/pub/pomp/p/your-portfolio-gains-arent-what-you?utm_source=direct&utm_campaign=post&utm_medium=web

2023-04-02 13:00:49

Bitcoin is a bank. Your wallet holds your bank account numbers for access to your funds. The bitcoin bank will never rehypothicate your funds, make a bad investment and loose your funds, and there can be no "run" on the bitcoin bank. You're money is there and will be as long as you want it there.
It is the answer that traditional banking system customers are looking for.

2023-04-02 08:33:01

#fiat punishes the ant and rewards the grasshopper through theft.
#Bitcoin    rewards the ant and punishes the grasshopper; both justly so.

2023-03-31 23:46:12

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Will be listening tomorrow. Thanks!

2023-03-28 11:11:46

Bitcoin is the codification of property rights into an unchangeable law. Bitcoin is the Constitution come to fruition (at least partially), then distributed to the whole world!

2023-03-26 15:48:16

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Sorry, I got myself a little worked up at the end there... ignore the last paragraph. Been a long week brother!

2023-03-26 15:47:01

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It's not taxes of crypto vs fiat. It's capital gains vs income. And paying a tax professional who will go through all the crypto transactions as the government requires at this point. It's not as simple as a P&L. This costs money, extra money in a time where although there is much printing of it, seems to be little to go around. Also thinking of keeping my business off the radar of the government. Any mistakes in business accounting (btc just adds another vector for me) could be catastrophic. I'm not running a million dollar Corp or a store front. It's a small service business that doesn't have the capital for making sure all these boxes get check when introducing a new form vector for mistakes.
This will likely become easier in the years to come, as have most aspects of the ecosystem, but we aren't there yet. Holding BTC in my business is not the same as having btc in my cold storage for personal use.
You risk nothing by using bitcoin to by goods and services. I risk putting food on the table for my child by accepting it. Also, if your rebuttal is you run a business and accept it, great, we're not all in a situation where it is as practical.
I want Bitcoin to succeed too. I stack sats just like the next guy. And at some point I hope to accept it in my business. But it's not there yet for me.
If your asking for points to hit. I gave you two. I would only add that if this is your pitch, you've got a long way to go.

2023-03-26 14:19:47

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Sorry, let me clarify. These are reasons I don't accept bitcoin.

2023-03-26 14:18:50

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As a business owner, my Two biggest reasons are
1. Few if any customers have bitcoin.
2. Tax implications.

2023-03-26 14:17:42

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This is how I want to drink my coffee from here on out.

2023-03-26 13:05:40

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Amen sir!

2023-03-26 13:02:17

Question for nostr.
When creating a multisig, I believe the multisig wallet generates a new PRIVATE key from the public keys of the connected wallets. Is this correct.
And more importantly, how does one recover a multisig address? Does it create a new 12 or 24 word key phrase or does it provide some other way of recovery?

2023-03-17 23:36:34

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Going to listen tomorrow morning!

2023-03-17 14:44:20

No bank is "safe." None of them have your money. The only thing keeping the banks afloat is that we aren't asking for our money together. No bank is above a run!

2023-03-17 14:34:43

Burnie Madoff and SBF are not the biggest ponzi operators in history. The banking system itself is!!!

2023-03-17 14:26:58

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Listening now!

2023-03-14 16:30:07

A.I. generated! Please steal and use as you see fit.
https://i.imgur.com/ha8A5gp.jpg

2023-03-14 12:55:57

$25k!!!!!!!!!!

2023-03-14 12:53:17

ZAPS are the mechanism by which we incentivize contribution and creation rather than destruction.

2023-03-14 12:30:06

Yup
https://i.imgur.com/eIVqbpl.jpg

2023-03-14 12:29:21

Decent visualization of our current situation.
https://i.imgur.com/S57qHho.jpg

2023-03-13 10:35:43

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So, the fed has been raising interest rates for some time now hoping to break the labor market and increase unemployment, crushing demand and bringing down cpi. Instead, with the collapse of Silicon Valley Bank, which may be a sign they have broken the banking system...
Prediction: the fed pivots at the next meeting and declares victory over inflation, which will likely still be rising...
Basically; "Oops, we broke the wrong thing! We tried to screw middle America, but we screwed everybody."

2023-03-13 10:34:00

2023-03-10 04:25:56

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Thank you!

2023-03-10 04:25:06

$100 of Bitcoin at the current price will become $5000 once BTC hits $1m.
Today At $1m per coin
$10 $500
$25 $1,250
$50 $2,500 (approximate)
$100 $5,000
$1000 $50,000
Hopefully this puts it in perspective for someone.

2023-03-10 00:31:42

What is money is a difficult question. This is my simplest answer.
Money is a battery.
Money stores the energy you expend and allows you to use that energy at a later time. It also allows you to divide that energy into what ever amount is needed at that time.
Just like chemical batteries, money comes in many forms. From rare metals to fiat, and all are not the same.
Bitcoin is the best money man has ever known.

2023-03-09 06:28:35

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If there is a way to connect those dots, I'm sure I'll be reading about it from you soon!

2023-03-09 06:16:05

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Did you build or buy?

2023-03-09 06:02:08

Just a friendly reminder to stack Sats!
When BTC hits $1,000,000 usd, every Sat will be = to .01 usd (a penny).

2023-03-09 05:48:04

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Couldn't get #[2] tagged in the original post so here it is for those that might not be following him.

2023-03-09 05:46:36

@Jimmysong is a top notch tour guide to every Bitcoiner's journey down the fiat rabbit hole.
https://bitcoinmagazine.com/culture/fiat-money-has-broken-the-world?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share

2023-03-06 00:34:39

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Good to have you over here.

2023-03-05 22:33:50

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I will say, although I haven't done it, Amethyst makes it way to easy to copy your private keys. It's the first "copy" option... you have to find the public key to copy. It's a but backward to intuition.

2023-03-05 18:30:27

If bitcoin never becomes more valuable than my current miniscule holdings and I never benefit from its potential; but it continues to deliver those less fortunate than I by delivering them from fiat servitude (Nigeria for example), me holding what I have to maintain that ability for others is well worth it.
Let me be clear though, I think eventually Bitcoin will be necessary for the west as well. We will be the last to recognize it...

2023-03-03 20:53:26

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IMO everything is manipulated (in a since) by the printing of money. Bitcoin being denominated in USD will cause its price to every go up as the denominator continues to increase. All-be-it, Bitcoin has many other "number go up" aspects, this is also one of them.

2023-03-03 20:44:23

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Thank you.

2023-03-03 16:36:51

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It seemed pretty straight forward. I used Satoshi wallet. Just put the url in the box and it put it in my profile. I haven't received a zap yet so not 100% sure it's working. Sending a zap basically just took me to my Satoshi wallet app and had my pre-set amount ready to send. Worked flawlessly to send a zap.

2023-03-03 16:31:10

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Relays are a bit confusing to me. I understand that the relays are those that choose who's profiles to forward to the clients. The question I have is how do I know which relay a particular person might be getting forwarded by (or not). Or even am I being sent by certain relays and not others?

2023-03-03 16:27:05

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I'm using Amethyst. It's pretty good. Haven't had issues following anyone. Had to reach out to do the profile pic. ZAP setup was easy after watching a video.

2023-03-03 15:50:44

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Working.

2023-03-03 14:34:50

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Just sent my first zap for 21sats!

2023-03-03 03:21:04

Been thinking of writing a Bitcoin book geared toward introducing those completely unfamiliar to why Bitcoin is important. I haven't proofread this but here's the Introduction. Be kind and tell me your thoughts. (Formatting isn't great for a post...)
Introduction
This book is meant to be a basic introduction to Bitcoin and why it’s important, as well as, how it is money.
Although I’ll cover Bitcoin in more detail in this book such as the decentralized network, blockchain, proof of work, etc.; the first portion of the book will cover what money is. It seems like a simple thing to define and unnecessary to cover since you probably know what money is already. You use money every day. You buy things with it, you send it to people, you save it, and invest it. So, you must know WHAT it is and HOW it works, right?
Well, maybe. But maybe not. Simply using money for all its designed purposes doesn’t inherently mean you know what it really is and how it actually works. For instance, have you ever been on a plane? Were you only able to board that plane because you knew exactly how lift works or because you’re an aeronautical engineer? If you answered no to either, don’t worry neither am I. But clearly you don’t have to know or fundamentally understand how something works in order to utilize it for its intended purpose. Returning to the money theme here’s a question for you. When you took out that mortgage on your home, where did that money come from? I always thought that rich people gave their money to the bank and then the bank loaned out the rich person’s money to me for say 5% interest and then the bank would keep 1% of that and pay the rich person 4% for the use of his money. Well, this isn’t remotely how you and I getting a mortgage works. If you had $500,000 at your disposal, would you give it to a bank to make 4% interest over a thirty-year period? Not to mention that mortgage issuing is a risky business to be in. Plenty of people fall through on their obligations to repay that debt.
Covering what money is and how it works is essential to understanding why Bitcoin is so amazing.
The goal of this book is to cover these topics with a bit of a wide brush however. I want this book to serve as the dipping of your toes into the water. After reading this book, I want you to have the right questions in your mind going forward as you decide for yourself if Bitcoin is a topic worth diving into which I clearly think it is.
Covering all the ins and outs of money and Bitcoin isn’t this book’s goal either, which would require volumes and there are already plenty out there which cover these topics in great detail.
This book instead is intended to be a relatively short book for a simple reason. If you’ve picked up this book or it was given to you, it’s because you heard about Bitcoin and have no idea where to start and probably have a lot of questions. I was in that same boat. And like you, if someone recommended that I read “The Bitcoin Standard” by Saifedean Ammous (a great book once you hopefully have a little motivation from this one) when I first started out, I likely wouldn’t have invested that amount of time and energy into the subject. Granted however, The Bitcoin Standard had yet to be published when I ventured into those unfamiliar waters.
This book is intended for your brother, sister, mother, or father who you keep telling about Bitcoin but don’t have the time or thought formulation to lay it out to them in a simple manor. You’ve gone too deep down the rabbit hole already and when your dad asks “what is bitcoin?” and you respond “Freedom”, although your answer may be correct, it didn’t do him a whole lot of good. May this book serve as some sort of communication line from those of us who are so far down the rabbit hole that our speech has been deformed by the twists and turns of the depths from which we are attempting to communicate from.
Simply put, this book is for those of you with family members trying to show you something they have good reason to show you but aren’t quite sure just how to do that.

2023-03-03 03:03:45

Learning nostr. Non-monopolized social media with native Bitcoin payments came fast. Seems like there will be plenty of room for this to grow! Looking forward to being here for the long term.

2023-03-03 02:54:50

Anyone want to send me 21sats? Want to see if my zaps are set up correctly. I'll pass it on to someone else!