Ryan

Public Key

npub1l2lp635jh5es2r00zcrmjn7029g2ntkgunhhcjf3n2yxmn6ztutqsau2yj

NIP-57 Address

ryansmith@getalby.com

Profile Code

nprofile1qqs040sag6ft6vc9phh3vpaefl84z59f4mywfmmufyce4zrdeap979slfxllk

Author Public Key

npub1l2lp635jh5es2r00zcrmjn7029g2ntkgunhhcjf3n2yxmn6ztutqsau2yj

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Last Notes

2024-08-10 05:10:16

https://image.nostr.build/c700f9a78a29a1c81ea7c3bfe2514fc1d1963021c15187e0bf6880289d21af75.jpg

2024-08-09 11:33:08

If you think about it, Motel Six was founded in 1962, it cost $6. Super Eight was founded in 1974. $8.88.
But now the price is about 10X that, because they have 10 Xed the money supply.
They could’ve just as easily decreased the money supply. Then they would cost $0.60, or $0.89.
It’s literally the same difference, what they’ve already done. The only difference is who gets the wealth.
https://image.nostr.build/5cc53f232c1749824da3ea78e8215852d9236b835637a5299415073bbe2f8326.jpg
No wonder society has problems. We’ve had 90% of our wealth stolen since the early 70s.
https://image.nostr.build/f2881f792b9d8905c129dd74d676aea1110d8ad8a1ad821cae0ad59a06bffb9b.jpg

2024-05-21 11:47:02

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Don't spend money that you need, and it's important that your family feel secure. But from there BTC can be your savings. It'll go up forever you just need to have an iron stomach for the bumpy ride.

2024-05-21 11:41:10

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Here's the vision. Pretty much 10x every 4-year cycle. Will it keep going up at the same speed or have diminishing returns only time will tell, but the 50% new supply shock every 4 years is guaranteed. I think the future is going to have abundance beyond what anyone can imagine.
I'd recommend getting on the BTC train now, keep buying more when you can, and put it in cold storage for the long haul. But, it might be wise to start with a small amount that won't stress you out when it has a massive drop. Instead you can just see it as being on sale and buy more. The more you profit over time the more comfortable you'll be, and it'll snowball from there until you're all in.

2024-05-21 11:31:37

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https://image.nostr.build/f583934a5f0528d8eb5d2a12dfe9419d8da5361714638bd21d5b48062eb04d0f.jpg

2024-05-21 04:49:17

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True story. 10 years ago one friend bought Bitcoin, the other friend opened a restaurant. He poured his heart and soul into that restaurant, and did well. 10 years later he still has to work.

2024-05-20 23:44:34

https://image.nostr.build/928e3befd48ee7b2f59fdb4d8c881c3eb2debe295273b82d41a62f6da4dece2a.jpg

2024-04-30 02:53:15

Number Go Up: Bitcoin is a Trojan Horse https://youtu.be/3xH1vBuDbBA?si=HotpDExPW_NsfKTv

2024-04-15 12:18:21

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We already have dollars, why do we need another payment system? But inflation proof money? That's world changing.

2024-03-18 21:58:29

When you take out a loan from the bank they don’t take money out of a vault to give you. They just write up an IOU and “give” you money they don’t have, knowing that you’re going to pay it back with money you work for. Then people store their hard-earned money in the bank, a.k.a. giving the bank free loans, so that the bank can charge them fees while lending their money out for profit. So much for “normal.”

2024-03-06 12:03:28

#nevent1q…feqy

2024-03-03 14:51:35

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Bitcoin converts greed into a public benefit. The greedier you are the more you want to hoard bitcoin, the more you raise the price for everyone. Prices of stocks, real estate, the basic cost of living will drop across the board for everyone as all investments flood into Bitcoin. The greedy "elite" won't hurt people if they're raising the economic floor across the globe out of their own self-interest. Attacks just fuel the fire, but Bitcoin's game theoried "enlightened self-interest" fixes the problem and makes the fight unnecessary.

2024-02-09 21:07:54

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It's because technology is constantly making the cost of goods drop towards zero. Exponentially increasing abundance is gradually negating the whole point of capitalism. Just imagine when everybody figures out that all they need to do is put their money in Bitcoin and watch their net worth grow while they sleep.

2024-02-05 03:13:24

https://i.nostrimg.com/51b0bcc029c30475eda7b8355fbeb8a38fd53a4d877e3350353fa1eb7f2c4869/file.jpg

2024-01-27 16:33:09

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Bitcoin removes corrupt and parasitical power centers from the economy, replacing them with a transparent and verifiable record of truth, allowing for the growth of a natural economy in accordance with nature's principles. It supports the growth of symbiotic relationships where all participants benefit from the growth of the network, incentivizing pro-social, sustainable actions from all participants. Bitcoin mining is increasingly subsidizing renewable energy development, and greed itself is effectively being engineered into a social good as Bitcoin "hoarding" supports higher prices for everyone.
This parallels fractal structures in nature (the golden mean, rational root's tree chart, etc), similarly to how mushroom mycelium networks communicate across the network sharing nutrients even amongst the plants and trees whose roots they interact with.
Interestingly, psychedelics (some grown from these mycelial networks) set off something of a neural storm, creating new insights and perspectives into memories and issues the individual finds meaningful, often reframing negative beliefs into more positive understandings, and allowing for deeply spiritual insight and even "ego death" where one's sense of separate self is obliterated and they feel an undeniable connection with everything. From this enhanced perspective, self-destructive behaviors are often recognized as nonsensical.
It's telling that psychedelic drugs that allow for such positive insight with near zero physical risk are made illegal while alcohol and nicotine are sold at convenience stores. This is another parallel with the Bitcoin economy versus the traditional banking system. Hopefully our cultural narratives about both psychedelics and Bitcoin won't take much longer to change.

2024-01-17 19:47:08

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Thanks for giving me your seed phrase

2024-01-09 07:49:42

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Bitcoin turns greed into a public good. The more the greedy hoard it the more it goes up.

2024-01-02 12:15:42

#nevent1q…v7p9

2023-12-20 03:23:33

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The alphabet contains all the words in the world.

2023-07-22 20:46:26

Time is money, so money plus time (savings) should equal more money. Unless the money is broken. Maybe future generations will look back and see that as obvious.

2023-06-03 05:19:26

Inflation is basically banks stealing everyone’s money, and we’ve never known a world that didn’t have that theft. So basically, in a world this abundant, most of our poverty is because of inflation constantly siphoning the wealth back to the banks.
But Bitcoin has a fixed supply, meaning even if the price goes up, they can’t make more of it. Fixed supply means infinite growth.
In a world where “infinite growth” is necessary for our economies to function, the truth is the infinitely expanding money supply is the problem. Fix the money supply, fix the problem.
That’s what Bitcoin does, and it’s value is gonna go up forever, like an honest, counterfeiting-free money should.
Yes it’s volatile, for now, but it’ll always average up. Whereas the dollar will always go down.

2023-05-26 17:18:12

https://bitcoinmagazine.com/culture/how-adopting-bits-helps-bitcoin-newcomers

2023-05-12 03:02:23

Altcoins are not “cheaper.” Bitcoin & altcoins don’t have prices, they have rates. The fact that 1 USD equals 14,768.45 IDR does not mean you should rush out to buy Indonesian Rupiahs. If everybody put their money on bitcoin everybody would gain a lot faster.
The key is to understand absolute scarcity. That’s something the world has never had before so people don’t understand it, yet. No matter how high the bitcoin rate goes, bankers can’t print it, miners can’t mine more of it. The supply is fixed! Bitcoin is literally the hardest, scarcest money the world has ever known. And it is becoming and will forever continue to become scarcer every day.

2023-05-11 23:45:37

I think the only reasons bitcoin hasn’t followed the stock-to-flow chart more closely are:
1. Paper bitcoin on exchanges introducing fiat banking inflation / manipulation.
2. Altcoins are diluting the market cap. Current total crypto market cap of 1.17 trillion ÷ 21 million equals $55,714 per coin.
3. CME futures shorting any bull market to keep it down. Chicago CME bitcoin futures went live the day the 2017 market crashed.
4. Pandemic
Leaving bitcoin on exchanges reintroduces the banking problems that Bitcoin was invented to stop. And if money is the language of value altcoins create a Tower of Babel making the network effect of the whole system less effective.
Regardless, the Bitcoin network is still the same as ever, and people just need to educate themselves to use it correctly. Store all bitcoin off-line in hardware wallets so exchanges can’t sell you bitcoin they don’t have. The more that happens the more Bitcoin is going to continue doing what it was designed to do, separate money from state and redistribute wealth to the masses.

2023-05-07 00:58:01

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At least sats sounds like cents, so the comparison between 100 cents to 1 dollar and 100 million sats to 1 bitcoin is easier to imagine.

2023-05-07 00:55:18

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The problem is new people who don't understand bitcoin don't realize the "price" is actually a rate, they think BTC is expensive (they missed the boat) and then throw money at something they think is affordable. When we start using sats across the board this should start to change. I wish we could just call sats bitcoin instead. Imagine if we could tell people you can buy 3,500 bitcoin for a dollar. Truth is, you can (the real base unit).

2023-04-30 04:18:43

https://nostr.build/i/nostr.build_ec324946d1cb7d0c0ed860d97a6e1858fa026822e89680829f1c214c08a25ea1.jpg

2023-04-29 22:40:51

https://nostr.build/i/nostr.build_c3a45193fc317ad256a2276caf7613189cc853533b50fbd0ac38e649949b6643.jpg

2023-04-11 21:28:22

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The point is as long as the available supply shrinks it increases the wealth of all participants. This is how money should’ve worked from the beginning. It’s the reverse of inflation making everyone poorer and the banks richer

2023-04-11 21:24:10

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1 bitcoin = 1.00000000
100,000,000 sats

2023-04-11 21:22:12

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A number is not a thing, it’s a measurement. Less than one bitcoin would be enough for the whole world if you just add zeros to it. That is how the bitcoin supply increases. It increases its value for everybody together.

2023-04-11 04:52:39

https://s10.gifyu.com/images/Bitcoin-Inflation-vs.-Deflation.gif

2023-04-11 04:25:08

https://nostr.build/av/nostr.build_98328a6f085c503c494fa99769227f7f41ce9dadd844200c0e7a7e686b03b7b8.mp4

2023-04-11 03:53:00

https://i.nostrimg.com/16fd665c74b0c8d2e2beea0968679ff311ae75a03778b0adfb1e8dbad3896a76/file.jpg

2023-04-10 20:43:46

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Sats

2023-04-10 18:59:46

https://nostr.build/i/nostr.build_9babbf145955c771f20be08fb2373d866fc2dcea388f4f63d449fd2aebd7c273.jpg

2023-04-10 16:15:15

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Paper Bitcoin is Fake Bitcoin.
If you don’t hold your own private keys your bitcoin might not exist. You’re giving them a free loan and suppressing the bitcoin price.
Verify your bitcoin exists. Hold your own keys.

2023-04-10 06:10:08

https://nostr.build/i/nostr.build_57fd2d6c7fcc253ab7a2c5b6ba00fe620f6c3634161b9f580e6dc093f5f44344.jpg

2023-04-09 23:01:49

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Anybody that holds Bitcoin for at least 4 years will be considered early after the next halvening crunches supply and raises price. The market doesn’t even need to change. A 50% mining reward reduction is 50% less new btc on the market. Period

2023-04-09 22:31:40

I think the only reasons the bitcoin price didn’t follow the stock-to-flow chart more closely are 1. Paper bitcoin on exchanges introducing fiat banking inflation / manipulation and 2. All these altcoins are diluting the market cap. Current total crypto market cap of 1.17 trillion ÷ 21 million equals $55,714 per coin.
Leaving bitcoin on exchanges reintroduces the banking problems that bitcoin was invented to stop. And if money is the language of value altcoins create a Tower of Babel making the network effect of the whole system less effective.
There’s also the CME futures trying to short any bull market to keep it down. Chicago CME bitcoin futures went live the day the 2017 market crashed.
Regardless, the Bitcoin network is still the same as ever, and people just need to educate themselves to use it correctly. Store all bitcoin off-line in hardware wallets so exchanges can’t sell you bitcoin they don’t have. The more that happens the more Bitcoin is going to continue doing what it was designed to do, separate money from state and redistribute wealth to the masses.

2023-04-07 21:17:34

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Proof of Work vs. Proof of Wealth

2023-04-07 21:11:29

https://youtu.be/AHr0An9GF9A

2023-04-07 09:03:11

https://nostr.build/i/nostr.build_fa89334f963e419f8174bcb9a8ba004936ebf05e28c9a89005b2499b3812b181.jpg

2023-04-01 02:25:26

https://nostr.build/i/nostr.build_e26c7ecff9b2898b9e5a95962eb5c3bad7eed10a52577dfaca4af98b83f153d2.jpg

2023-04-01 02:11:54

https://nostr.build/i/nostr.build_832578f28322a7559d0bd08a4d6d2d61317808ad4006a45bfc7a782e4cabcdbb.jpg