EdwardDiamondhands
Edward Lightninghands

#Bitcoin made me a freedom maxi. Wannabe Nostr meme pioneer. #plebchain

Public Key

npub1khgg4g4qaswewjx8rt5eyfu3mzs9nsn7n3va45829q2txldnldvqdr6twl

NIP-05 Address

diamondhands@getalby.com

NIP-57 Address

ediamondhands@ln.tips

Profile Code

nprofile1qqstt5y252swc8vhfrr346vjy7ga3gzecflfckw66r4zs99n0kelkkqprpmhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmdqyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueq0mn07h

Publishing to

relay.noswhere.com

relay.nostr.band

Author Public Key

npub1khgg4g4qaswewjx8rt5eyfu3mzs9nsn7n3va45829q2txldnldvqdr6twl

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Last Notes

2023-07-02 03:16:16

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You, sir, are a hero. This deepens my conviction in Bitcoin, Lightning and Nostr, and I will be sure to pay it forward.
#PuraVida

2023-07-02 03:13:29

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lnbc21u1pj2p668pp5wmm5lk3wyne2qsydjtux9dnqn8k5qg9datp9h70xe7cf2xktje6qdqqcqzzsxqyz5vqsp5yg3wx9f0qcw0cm98hsgljqgxcdjcyu4353g2jt5f00ey6qv3yaqq9qyyssqp29tyq7r0yn0799ye60metey4ngyfmq49rjq87r9h77ak8g46rg4826adsgvcgmkdqmsm7qafpuj3h6pup0gmtjvcw423vk0r3v5cacpsl5rwc

2023-07-02 03:00:11

“In the future, one of the milestones by which you measure your our financial success will be not just how many zeroes you can add to your net worth, but whether you can structure your affairs in a way that enables you to realize full individual autonomy and independence” - The Sovereign Individual
#freedom #bitcoin

2023-06-29 05:42:15

“Everyone still tried to keep up appearances: at first, early on, people looked around to see what economies they could make, what clubs to resign from, what luxuries to do without. Later it was a question of considering what necessities to do without.” - Adam Fergusson, When Money Dies
Eerie foreshadowing, in my opinion.

2023-06-21 05:58:20

https://youtu.be/8Mhu6dxj7qk
Michael Saylor puts it plainly. There is no need to overcomplicate.
Buy #bitcoin
I was particularly enthralled by the idea that in a mere 25 years, Bitcoin will have a stock-to-flow ratio of over 10000.
To help visualize that: If there were only 10000 Bitcoin in total, in the year 2048, only 1 new Bitcoin would be mined. Your wealth would be diluted by 0.01% by newly mined supply.
Wealth can last. Wealth stored in Bitcoin may just last longer than humanity itself does.

2023-06-19 06:06:21

“Neither the industrialists nor the general public were prepared to pay the true costs of the railways, or of the post office, or even of bread: so the government understood, and printed the money to pay for them” - Adam Fergusson, When Money Dies

2023-06-10 03:26:48

Never forget:
They can counterfeit faster than you can produce. Always.
Hard work alone will never allow you to “get ahead”. They can always crank the treadmill of inflation higher to expropriate your gains.
This system is corrupt by design.
Opt out. #bitcoin

2023-04-19 19:58:16

What is this, a dip for ants?
Anyone else not done stacking at $25k?
When the halving happens next year, we’re all going to regret not buying more in 2021/22. Preemptively regretful…

2023-04-04 19:32:57

PUBLIC SERVICE ANNOUNCEMENT:
#[0] is on Nostr. Pack it up, boys, we got ‘em 💜⚡️
Twitter is officially dead to me now.

2023-04-02 00:29:38

“it was the natural reaction of most [people] . . . to assume not so much that their money was falling in value as that the goods which it bought were becoming more expensive” - Adam Fergusson
If you understand inflation, I believe it is your civic duty to educate your peers that it is the money which is becoming less valuable.
Things are not becoming more expensive. Our money is being corrupted, perverted, debased.
Knowingly. Intentionally.
We are all getting fucked, and this simply cannot continue indefinitely. Either we remain idle and we lose almost everything, or we fight the corruption and stand a chance of preserving our prosperity.

2023-04-02 00:00:02

“… the revolutionary axiom that if you wish to destroy a nation you must corrupt its currency. Thus must sound money be the first bastion of a society’s defense.” - Adam Fergusson
Defend your society; buy #bitcoin

2023-03-22 21:32:16

“We the People will survive - after all, the real assets don’t vanish: the food, cars, and electricity are all there.”
“It’s a paper crisis, but unfortunately that paper crisis has sucked real [people] in, suckered them into putting their life savings into the care of a bunch of degenerate gamblers in expensive suits.” - Peter St. Onge
#bankingbad

2023-03-20 19:31:30

“We do not know whether later ages will still rely on the same raw materials on which we depend today. It is true that the exhaustion of the oil deposits and even those of coal is progressing at a quick rate.”
“But it is very likely that in a hundred or five hundred years people will resort to other methods of producing heat and power.”
- Ludwig von Mises, Human Action
That was written in 1940. Mentally this guy was about a hundred years ahead of the rest of us…

2023-03-18 21:53:03

“It should be trivial for those who produce value to receive value” - #[0]
It’s happening: Lightning is the fucking shit. ⚡️⚡️⚡️
All the pieces required to make value transfer trivial are already operational. It’s just a matter of time before a critical mass of people join the party.

2023-03-18 21:08:50

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” - Thomas Jefferson

2023-03-18 18:48:58

I want to upskill in #Bitcoin and #lightning in particular. Any recommendations for where to start?

2023-03-17 22:40:49

Once reality has had its reckoning, I shudder to imagine the period of prosperity that will commence when financial measurement has a consistent unit - #Bitcoin.
Just consider for a moment how much human action is dedicated to winning in this dysfunctional system, and how much humanity will benefit when that action is instead dedicated to productive ends.

2023-03-17 22:34:15

In a few years we will know for certain that the vast majority of the world’s purported wealth was nothing more than a Federal Reserve computer’s fever dream.

2023-03-17 04:07:57

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What do you think the chances are that some members of the Ruling Class have started accumulating behind the scenes while still opposing Bitcoin publicly?
I suspect that the capitulation will take place well before the public is able to identify it and follow suit.

2023-03-17 04:04:10

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Honestly, and no disrespect intended, but how exactly did *this* particular woman come to occupy one of the most powerful governmental positions in the entire world?
Can anyone steel man a case for her getting the job based on merit?

2023-03-17 02:25:38

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Soon they’ll have more employees than dollars 👀

2023-03-16 23:08:06

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Today, I really appreciate this reminder. Thank you, fren - it’s a beautiful time to be a Bitcoiner

2023-03-16 23:04:46

“The art of living is more like wrestling than dancing” - Marcus Aurelius

2023-03-16 05:48:59

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Cracked me up with 5 memes in a row, you just shot up to being my favorite Nostrich, Ser ⚡️💜

2023-03-16 05:43:45

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This is the most slept on project in all of #Bitcoin, in my opinion. It’s already active in 9 African countries as we speak!

2023-03-14 19:02:42

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Maybe I’m being dumb, but my gut feeling is that the diameter will be shorter than the circumference.
Circumference formula is pi x diameter.
So instead of pi being the number of times one diameter can wrap around the circle, isn’t pi the exact number of diameters needed to wrap around the circle exactly once?
Still profound!

2023-03-14 03:34:54

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For this iteration of Bank Crisis, will a critical mass of people lose trust in banks and demand real reform, or will regulators simply double-down on the monopoly and force people to continue in the current modality?
Trick question: no matter how many people are disillusioned, governments will proclaim major reform and shout very loudly at “bad banks”, while simultaneously doubling down on enforcing the monopoly and securing their and their banker-friends’ long-term prosperity.

2023-03-13 23:45:11

“This step will ensure that the U.S. banking system continues to perform its vital roles of **protecting deposits** and providing access to credit to households and businesses in a manner that promotes strong and **sustainable** economic growth.” - Yellen/Powell/Gruenberg joint statement (own emphasis)
Really…??
How THE FUCK can anyone claim that the U.S. banking system PROTECTS deposits when banks can use up to 100% of people’s “deposits” to gamble elsewhere for yield?
How THE FUCK can anyone claim that the way the U.S. banking system offers credit “promotes sustainable economic growth” WHILE DISCUSSING THE COLLAPSE OF A MAJOR BANK & CONSEQUENT POTENTIAL SYSTEMIC RISK TO THE ENTIRE BANKING SYSTEM?
Uncle #[0] and Uncle #[1], can you please rip these disingenuous fucks a new one?
#bankingbad

2023-03-13 23:25:38

According to bitbo.io, there has been almost 1.2 million bitcoins exchanging hands within the past 24 hours.
How wild is that? More than 5% of all the bitcoins that will ever exist have moved in the past day, with final settlement confirmed with practical mathematical certainty within just ~60 minutes (6 confirmations)
(I know 1.2M BTC in volume doesn’t mean 1.2M unique bitcoins moved, but still…!)

2023-03-13 18:32:38

Since the peak in March 2022, the US M2 money supply is down a whopping 2.15%.
This, after a 40.8% increase from Feb 2020-Mar 2022.
That’s right, hiking the Fed Funds Rate from near 0% to ~4.5% rapidly has only resulted in a measly 2.15% reduction in the money supply.
Whatever Consumer Price Index “disinflation” they’re celebrating, the fact remains that there is still 37.8% more money floating around than there was in Feb 2020.
Your wealth is still in the process of being extraordinarily diluted by the scourge of #inflation. In fact, it is already diluted by ~37.8%, you just haven’t fully realized it yet.
Tell a friend; buy #Bitcoin.

2023-03-11 04:34:10

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Do you think the average person working in traditional finance will start to recognize fiat is broken within the next 2 years?
Surely the finance bros will catch on before the general public.

2023-03-11 04:31:55

Fablecoins.
That’s it, that’s the note.

2023-03-10 23:31:57

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https://nostr.build/i/nostr.build_6e97eb95ae365b8852dfcbc7e1766ed9f50458cf97b4ae0b824c994894fb7b40.jpeg

2023-03-10 23:23:36

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Only satoshis 😉

2023-03-10 23:16:03

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It’s unbelievable that this is literally the narrative. Employment is TOO HIGH?
That’s nonsensical, UNLESS there is newly-introduced money which has distorted the price formulation of the entire economy and promoted malinvestment.
In an economy with a fixed monetary supply, over-employment will never be a significant issue - true or false?

2023-03-10 05:51:00

5000 SATOSHIS FOR ONE MEASLY US DOLLAR
https://nostr.build/i/nostr.build_4575b1a0014d2d8526c5a628bef430535ed000a8f13751a37edc8d3812c35b36.jpeg

2023-03-10 04:04:45

100% can confirm I enjoy the dips more than the rips these days. Not anywhere near done stacking yet
#stayhumble #stacksats

2023-03-10 04:02:10

DCAyyyyyyyyyyyy 🤙

2023-03-09 21:19:11

Why do bankers earn so much?

2023-03-09 04:19:04

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Kudos to you for allowing reason to prevail over emotion. It’s especially impressive that you’ve developed conviction without having experienced the upside potential.

2023-03-09 03:11:43

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1-2M being the number left on centralized exchanges?
I have to be honest, as bullish as I am, I think there will always be a small % of global wealth that is not stored in Bitcoin.
Peter Schiff will hold gold the way some people are still “Hodling” LUNA. Not everyone has the capacity to admit they were wrong and move on.
And boy, is Gresham’s law going to be unkind to those people.

2023-03-09 02:43:22

Listening to WiM Ep. 280 ft. George Gammon, and it’s got me thinking.
Which social/political/economic deterioration event would be the final straw that makes you decide to permanently leave your country?
(Assuming you have the ability to move to any other jurisdiction in the world, but at great personal cost)
https://open.spotify.com/episode/7iDIfoXyjNmX6Jn3p4Q5p3?si=cDxZQzOqR1OhZUjyHoeDqQ

2023-03-09 02:14:05

Lightninghands fix everything, trust me daddy
https://nostr.build/i/nostr.build_4558950dc3b8449e717ab9a92edbf0411d49ee9787d6c8fe9374bb573b1a6e02.jpeg

2023-03-09 02:10:01

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2023-03-09 02:09:36

After inexplicably disappearing post Damus 1.2.0 update, the profile pic is back, baby ⚡️👐

2023-03-09 01:59:51

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That low time preference tho… 😌 good for you, man!

2023-03-08 07:25:26

How do you feel about facial recognition technology, given your face gets seen by cameras virtually everywhere you go and you almost certainly have at least some photos of yourself online?

2023-03-08 07:17:44

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I hardly spend Bitcoin, being honest. That’s partly because of Gresham’s law and partly because there are very few things I want which I can buy using BTC (online voucher availability is very limited in my location).
Do you think that using Bitcoin does more for adoption than evangelizing/educating? If so, can you please explain why?

2023-03-08 03:36:35

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Any practical suggestions for how to increase adoption?
I ask local businesses if they accept Bitcoin to further the cause.

2023-03-07 05:33:18

Ever since zaps became a thing…
https://nostr.build/i/nostr.build_cc211c67fd474be2c283c50ca834502f185d686aa3892901cc9279ee1535e3be.jpeg

2023-03-07 01:28:32

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I do multiples of 21 based on how much I enjoy/appreciate the note 🧡💜

2023-03-07 01:26:05

Zaps? 🥺👉👈
LIES - don’t zap me for this nonsense. I want to earn it through shitposting excellence, thank you very much ⚡️⚡️⚡️

2023-03-06 19:13:18

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Stay humble and stack sat
#[4]

2023-03-06 19:11:27

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I second this - thank you for reporting it 🙏

2023-03-06 17:10:41

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#Bitcoin as “energy buyer of last resort” is one of the most profound impacts on the world I’ve come across so far.
We could feasibly create nuclear reactors which overproduce for our needs and direct any surplus directly to Bitcoin mining.

2023-03-06 16:55:31

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Very good point. Even if the value of your asset increases slower than the rate of inflation, you’re on the hook for CGT.
By “beat” inflation I meant hold anything that stores its value better than holding the currency itself.
They’re saying “if you don’t suffer the loss of purchasing power then you have made a ‘gain’ (in nominal terms…) and you owe us.”

2023-03-06 07:51:09

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Also sincerely appreciated #[1]‘s point that zapping sats on Nostr is a way of communicating using a finite medium, which negates the distorted signaling possible with a non-finite method of communication such as a “like” button.
There is skin in the game with every zap; the cost of false signaling is higher than the benefit.
#Nostr is a game-changer and we are figuring out how to articulate this so others can understand the spark we’re feeling here⚡️

2023-03-06 07:40:58

“Energy abundance IS human flourishing” - Harry Sudock #[0] on The Investor’s Podcast Network with #[1] Ep. BTC119
Fantastic episode - I was particularly taken aback by the idea that we should aim to be as indifferent to the energy expended to heat/cool our homes as we are to the energy expended to perform a Google search. It seems so obvious now that this ought to be our aim as a civilization: harness more energy.
https://youtube.com/watch?v=Ilod7i4BSP8&si=EnSIkaIECMiOmarE

2023-03-06 03:46:07

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I think it was a Cory Klippsten tweet that enlightened me into understanding that Capital Gains Tax is a tax on anyone who manages to beat #inflation.
He who issues the currency mandates that his debasement be borne by all.
(Except those lucky few who are rich enough to never need to realize their capital gains…)

2023-03-06 03:41:16

Bless, Will 🙏
#[0]
https://nostr.build/i/nostr.build_a2a348f61b232d6c9ef58936a4721404e5445fc99af38de45cd646bf365ca9f7.jpeg

2023-03-05 03:01:35

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Most houses are treated as being partially for use (an expendable consumer good) and partially an investment (a vehicle to preserve/increase wealth amidst perpetual inflation).
Obviously for the consumer good side, the house is only worth the value that someone can get out of living in it. No matter how nice that house is, there is a limit on how much a rational economic actor would be willing to pay to own and use it.
The investment portion, however, has no upper limit in terms of price. In order for that purpose to be fulfilled, it is just necessary for the price sold for later to be higher than the price paid today.
My opinion at this stage is that house prices are absurd now in most places, owing to decades of people observing that house prices tend to go up.
Prices go up meaning people think it’s a good investment and are willing to buy at ever-higher prices because they think it will keep going up forever.
I think the majority of the purchase price of a house nowadays is for the investment side rather than the consumer good side.
A house has been a good investment only because it has been one of the few things to consistently keep up with (or even beat) inflation.
With the rise of Bitcoin, the investment function of houses gets vastly diminished as Bitcoin is an even better long-term store of value.
I agree that house prices will collapse in real terms once the Bitcoin standard is adopted, and boy am I excited for it.
(Sorry for the long post)

2023-03-03 22:35:43

https://nostr.build/i/nostr.build_386ba000ca2e786b7135591cc13f29be12a348999036ae58044c4af0102c3a8b.jpeg

2023-03-03 22:27:32

I’m actually impressed that we can be zapping this furiously and nothing has crashed yet.
Press on, MOAR ZAPS #plebchain

2023-03-03 22:26:15

There’s already more community through this protocol than I ever felt on Twitter.
I blame zaps. Toooooooo fun.

2023-03-03 22:21:39

Starting to believe that #[0] is a psychological mastermind. Notes are too zappable…

2023-03-03 22:19:46

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👀
I wonder if building a following on Nostr from these very early days is akin to acquiring BTC in 2009-2011, but instead of appreciating in $-value you appreciate in social influence.

2023-03-03 22:06:44

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“Feeling toxic, might delete later 🥰”
Bashing ETH is our favorite pastime - too fun, too easy. 😌

2023-03-03 21:54:12

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Not true, sir, you can also verifiably own monkey .jpegs. Or any type of .jpegs.
It’s called innovation.

2023-03-03 21:51:42

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Ethereum supporters regularly claim it is an improvement on Bitcoin, when in fact they are not even intending on solving the same problems.
Bitcoin is the new money. Ethereum is a smart contract platform.

2023-03-03 21:33:43

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“Hey Nostr mods, this racist fascist thinks there should be free speech online, please ban”
https://nostr.build/i/nostr.build_b957d9d9e4e1629926bbd8d4602b903babd068b6e746df8546b8d9175aa4175b.gif

2023-03-03 21:26:23

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My 2nd favorite type of video promise 😉

2023-03-03 21:15:18

Me: “Baby, I stack sat in my sleep”
Her: “You mean stack sats?”
Me:
https://nostr.build/i/nostr.build_c0d3abae2015fa2410b5fa30eac860f4bfaf16259c2c7b0860ba9921c713d10e.jpeg

2023-03-03 20:59:18

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An average temperature of 27 degrees Celsius scorches the earth, apparently. Who’d have known?

2023-03-03 20:57:44

It was all going so well until there was a reason to spend…
https://nostr.build/i/nostr.build_946fcae4da011849f984eed4885468386a25d3b627a011e673cf49062b3930ec.jpeg

2023-03-03 20:47:06

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Nostriches are fucking psychopaths, I tell you. Speaking openly about whatever they want… The nerve.

2023-03-03 20:43:23

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So those that develop technology and acquire power in doing so are likely always going to be tempted to subjugate other less-powerful free people?

2023-03-03 20:29:19

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Is this an unfortunate reality in general when it comes to freedom, or are there forces at play in the modern world suppressing it?

2023-03-03 20:27:54

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I can relate. It’s painfully frustrating to see wealth frittered away on trivial things when the spenders just don’t comprehend that it will be far harder to earn that same wealth back in the future than it was before.
I don’t think the average person has any clue that fiat money is imploding and inflation is likely to be rampant for years to come.

2023-03-03 12:59:03

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Every single person on earth would need to pay $100 this year just in order to cover the interest expense.
Just in order to service the #debt of past spending, all of which was paid for by saying “that bill is tomorrow’s problem, just pretend we paid you now”.

2023-03-03 12:54:14

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Disintermediating companies like Visa, Mastercard, and Western Union is a boon to humanity.
Lightning Network is here and a valid option for many transactions that currently take place through these financial institutions.
Nostr use is an excellent way of helping normal people comprehend just how easy, fast, cheap, and reliable these new financial rails are.
Excited to watch this unfold, and will promote the cause at every opportunity. 🫡

2023-03-03 08:00:01

inb4
https://nostr.build/i/nostr.build_8335eebde2a3081f90c49553f198219a8bfca56b1e269946d986069eadeb6ee3.jpeg

2023-03-03 07:45:53

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Something particularly alarming to me is that the vast majority of them seem to not be aware that they are simply tools of the establishment now. They think of themselves as respectable and helpful…

2023-03-03 07:23:24

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I read a book a long while ago called “Bad Pharma” by Ben Goldacre which has permanently put me off medicine.
There is seemingly complete capture of the industry by Big Pharma.
My experience is that doctors are trained to push medications instead of treat ailments.

2023-03-03 05:37:03

https://nostr.build/i/nostr.build_2d41dd5be12bb9571d81aeee48622f26fa523cb16846b16281796f85d6c9335b.jpeg

2023-03-03 04:28:40

https://nostr.build/i/nostr.build_0806634ca2efa91afa00595915894eb8784d1c04035066141fdcf9e5b8401ff0.jpeg

2023-03-03 03:43:31

*no caption required*
https://nostr.build/i/p/nostr.build_4209696818bcc8ff42391ce83f365aa306521ce10740a834eb7255d127657429.jpeg

2023-03-03 03:41:30

HODLing? What’s that?
https://nostr.build/i/nostr.build_c93856aa55c79ecdcde2e9a2a6b3ff112f29a9fb82a85c0cf76ce447b878717e.jpeg

2023-03-03 03:40:26

Zaps have literally changed me…

2023-03-03 01:24:40

A quick rant on “disinflation”:
I *hate* the term disinflation. I feel like the average person who hears that word assumes it is the opposite of #inflation.
It most certainly is not. It just means that the rate at which prices are increasing is lower than it was before. Prices are still increasing.
Yet “disinflation” is celebrated as if it is some kind of major victory.
The most recent CPI release for Jan 2023 means that inflation is 6% annually. That’s still 3x higher than the Fed’s stated goal of 2% inflation.
And 2% inflation is STILL too high.
Yes, constant debasement is NOT a good thing, despite what every fiat economist will tell you.
Victory for the average financially-responsible person would be getting down to 0% inflation, or, *gasp* experiencing actual DEFLATION to bring prices down and restore some of the purchasing power lost owing to the TRILLIONS of dollars injected into the economy in response to COVID-19.
(I’m sure the Ministry of Truth would have me banned from Twitter for even mentioning the word “deflation”. Thank fuck for Nostr.)
But no, deflation ends the party for the crooks who’ve been manipulating the financial system to their advantage at your expense. Deflation actually holds borrowers to account instead of systemically letting them off the hook while still pretending they fulfilled their obligations.
While the politicians and news anchors celebrate the “disinflation” down from 6% to 4% over the coming months (years…?), do not be fooled into celebrating with them, good Nostrich, because their extravagant debts are getting cheaper while your hard-earned money becomes effectively worthless at an insidiously atrocious rate.
It goes without saying: #Bitcoin fixes this.
RANT OVER.

2023-03-02 22:13:41

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I especially enjoy seeing the transactions being efficiently arranged into each upcoming block.
Mind-boggling that this system runs autonomously, 24/7, through a beautifully conceived incentive structure.

2023-03-02 17:12:02

Nostr or NOSTR? 🧐

2023-03-02 03:32:24

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Big fan

2023-03-02 01:18:07

“Even by the Congressional Budget Office’s optimistic projections, the US government will have a cumulative deficit of over $15 TRILLION for the next ten years.” - Nick Giambruno
Even if the government collects 0 taxes over the next ten years, they still plan on spending ~$45000 per American anyway.
Do you think that you will receive $45000 of value from the government over the next 10 years? Honest question.

2023-03-02 00:37:32

Can someone explain why broadcasting a note on Nostr is so much more fun than making a post on Twitter?
I get genuine joy spouting my bullshit here.

2023-03-02 00:35:43

ZIP ZAP.
That’s my new catchphrase. I own it, I minted it as an NFT and now I’m officially the only person allowed to use that phrase ever again.
That’s how it works, right? No?
Oh well, who cares. Zip zap. 😉⚡️

2023-03-01 22:41:07

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Excellent point, Alan.
Beyond the logistical difficulty of actually securing purchased BTC in cold storage, I think no-coiners are in for a surprise when it comes to real liquidity.
When the rush to the orange exit starts, of course CEXs will sell any amount of (paper) Bitcoin people are willing to buy. But the FTX and Co. events over the past year have cast significant doubt on any CEX’s trustworthiness when it comes to redeeming that claim on BTC (i.e. withdrawing into self-custody).
It is highly likely that there will be a “bank run”-type failure among CEXs, and many desperate buyers will unfortunately be short-changed or even entirely swindled by unscrupulous CEXs.
Add to that the extreme conviction of the average Hodler, then the question to ask is where a massive quantity of REAL (i.e. not paper) BTC will come from when a huge influx of new capital occurs.
My suspicion is that liquidity will be very thin in this situation, meaning the BTC price will skyrocket as new buyers are desperate to get their hands on some at any price.
This highlights the importance of:
1) Getting off zero, and
2) Staying humble and stacking sats
“Gradually, Then Suddenly” is prophetic.
h/t #[2] #[3] & Parker Lewis (among many other Bitcoin thought leaders)

2023-03-01 21:35:25

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This is how I feel every time I remember Bitcoin is fixing the broken incentive structure of the modern world.
The future is far brighter than it was on 2 January 2009.
https://nostr.build/i/nostr.build_0557c43a7ce1620e15cb137ef5eae91c7a395b1f8305fc16161804bb4b160f23.jpeg

2023-03-01 03:11:50

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The Zappening

2023-03-01 02:18:57

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Is this a form of self-harm? 🤔

2023-02-28 18:49:26

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As much as I love to imagine any banker facing the music, all I can think of in the above scenario is that the bank CEO doesn’t give a fuck that his bank will become obsolete relatively soon; they are simply enjoying their ill-gotten fortunes and laughing at the rest of us chumps for letting ourselves be taken for that much of a ride by the system.
Jamie Dimon still seems smug even though he’s clearly losing the war.