trey
Trey

https://firebtc.substack.com/about

VP, Sales, Unchained | Advisor to Cantilever | FIRE 🤝 Bitcoin | Banker turned bitcoiner: previously Truist, MetLife, Goldman Sachs, Deloitte

Helping bitcoiners achieve financial independence and FIRE practitioners understand bitcoin at firebtc.substack.com

Public Key

npub1m6y9qq06c74trgs60ya320pgmhz6099grra5lw04akyuxvcz7lvq9ue2p9

NIP-05 Address

tshodl@nostrplebs.com

NIP-57 Address

rustelephant1@primal.net

Profile Code

nprofile1qqsdazzsq8av02435gd8jwc48s5dm3d8jj5p3760h867mzwrxvp00kqd9pzhm

Author Public Key

npub1m6y9qq06c74trgs60ya320pgmhz6099grra5lw04akyuxvcz7lvq9ue2p9

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Last Notes

2025-06-07 15:51:55

New FIRE BTC just dropped 👀
Check it out here and get all future issues delivered right to your inbox by subscribing for free: https://firebtc.substack.com/p/run-the-numbers‬

2025-05-22 20:00:36

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Added!

2025-05-22 19:02:13

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Wow awesome! How do I take advantage of it?

2025-05-21 17:57:36

Your BTC stack should make a new all-time high every day.

2025-05-18 19:42:58

Bitcoin can’t be downgraded by Moody’s.

2025-05-16 20:08:08

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Very much so 🤤

2025-05-16 19:51:06

Here it is… Steak n Shake accepts BTC.
Seamless experience and the burger and tallow fries were GREAT! 🍔
Paid with 100% sovereign sats from my lightning node at home (and immediately replaced them) using @nprofile…cwln
https://blossom.primal.net/e1f950d5a7698c9e932845845287c88fd0b85a87916625059ec2cb2f023fd4e2.mov

2025-05-03 15:22:28

💥 UNCOMFORTABLE TRUTH 💥
Fiat money was needed and beneficial.
Gold was fair, scarce, and trusted. But it was slow and couldn’t keep pace with a rapidly globalizing world.
Fiat fixed gold’s speed problem, but at the cost of fairness. It let governments print at will, fueled debt bubbles, and hollowed out trust.
Fiat was never the endgame, but it was a much-needed bridge from old sound money to new sound money.
Bitcoin is where we go next: digital, scarce, global, and decentralized. It delivers gold’s discipline with fiat’s speed, leaving behind the middlemen, inflation, or political control.
It’s time to cross the bridge.
FIRE BTC issue 28 just dropped.
I break down how gold, fiat, and bitcoin each shaped the global system — and why bitcoin completes the arc.
Read the full post → https://firebtc.substack.com/p/the-bridge-we-had-to-cross

2025-04-03 14:16:45

I spoke to a group of billion-dollar family offices last week about bitcoin.
They are almost 0% allocated right now.
Get the inside scoop on these high-powered investors in my latest newsletter issue 👇
https://firebtc.substack.com/p/a-family-office-affair

2025-03-24 22:11:20

An AI bot that automatically extracts a readable and usable recipe from the SEO-optimized hellscape of a normal recipe webpage.

2025-03-23 16:25:01

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Seriously...

2025-03-23 15:41:22

A buddy of mine showed me yesterday that he has $270,000 sitting in cash in an account that pays 0% interest.
I told him that's crazy.
He asked what I would do with it.
I told him by the end of Monday, I would have $270k less cash and $270k more bitcoin.
We are not the same.

2025-03-22 16:22:07

The market doesn't yet understand the significance of the Strategic Bitcoin Reserve.
The SBR signals that the U.S. views bitcoin not just as a financial asset but as a geopolitical tool to defend its hegemony.
Nation-states watching the U.S. accumulate bitcoin will likely feel pressure to secure their own reserves, especially resource-rich or politically isolated countries that need alternatives to the U.S. dollar system. Some have already started.
This will accelerate a global bitcoin accumulation race, and the market is not even close to bullish enough.

2025-01-08 15:51:25

Steepener intensifying
https://m.primal.net/NXqM.jpg

2024-12-31 18:14:27

Time zones are crazy.
Need Zealand is in 2025.
The United States is in 2024.
And gold holders are in 1898.

2024-12-20 00:16:13

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If you have full control, how can this also be true?
https://m.primal.net/NBFv.jpg

2024-12-19 15:37:02

🤑 Borrowing against your bitcoin? From today's issue of FIRE BTC, here are my abbreviated thoughts on leveraging your BTC stack 👇
When pursuing FIRE, we spend years stacking assets like stocks and bitcoin to reach a savings portfolio goal to sustain our ongoing expenses. Once obtained, the standard and most simple way to live off your portfolio is to sell these assets slowly, at about 4% per year (the 4% rule).
Is there another option? Maybe.
An exciting and interesting idea is to borrow against your bitcoin instead.
Borrowing against the assets you own to buy more assets enables you to take advantage of unavoidable dollar debasement.
Doing so allows you to access dollars now, while delaying the sale until the end of the loan term.
The hope is that bitcoin’s value continues its relentless march higher, above and beyond the rate of fees and interest needed to service the loan.
A few thoughts and best practices:
🔸 Before taking on any debt, make sure you have a plan for the interest payments. This could be from other income sources, selling a small portion of the bitcoin, or paying interest from the loan proceeds.
🔸 Just as important as paying the interest is being able to maintain the margin requirements for the loan. You don’t want to be a forced seller at a low price, so it’s imperative that you have a plan to maintain the collateral position of the loan during price drawdowns.
🔸 Look for fiat financing first. The fiat world is built on debt, and there are plenty of other options available for loans that will likely have better terms than a bitcoin-backed alternative.
🔸 Be conservative. Consider borrowing against your bitcoin only after its value is large enough where you only need to leverage a small portion of your overall stack to meet your needs.
🔸 Understand your counterparty risk. Borrowing against your bitcoin means giving up full control over it. Whether from malicious intent or mismanagement-turned-bankruptcy, many people have been burned because they did not understand the counterparty risk they were exposed to.
🔸 The banks are (probably) coming. When the banking industry comes to play, they will bring massive amounts of capital for lending against bitcoin, which should drive down rates and make loan terms more competitive.
I’m an advocate for leveraging the fiat financial system to get wealthier more quickly. I believe bitcoin will usher in a world less reliant on debt. Until then, we might as well embrace it.
Want to read the full post? You can find it here 👇
https://firebtc.substack.com/p/borrowing-against-your-bitcoin
Don't forget to subscribe for weekly content on how bitcoin is FIRE friendly!

2024-11-21 15:28:52

No, I don't mean Crypto.
The texts are starting to roll in. This happens every time.
Every time bitcoin pumps, newcomers who haven’t done the work to understand the space get shiny-object syndrome, hoping to strike it rich with crypto.
The latest FIRE BTC issue just landed 👇
https://firebtc.substack.com/p/no-i-dont-mean-crypto

2024-11-07 16:46:20

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Love it, that's exactly right.

2024-11-07 16:11:00

"Never spend your bitcoin" is a popular refrain in the bitcoin world. Why spend bitcoin when you could spend dollars that are engineered to lose value?
This is a misapplication of the concept of opportunity cost. I explain in this week's issue of FIRE BTC. 👇
https://firebtc.substack.com/p/spending-bitcoin

2024-11-05 18:30:57

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How so?

2024-11-05 18:18:51

Would you defend democracy if the democratic process votes to end democracy?

2024-10-31 15:07:05

Prominent voices in the financial world are concerned that the inflation monster may have not yet been slain.
This week's issue of FIRE BTC explores how inflation can put your FIRE plan at risk.
Check it out here 👇
https://firebtc.substack.com/p/will-inflation-eat-your-baby
https://m.primal.net/LoKq.png

2024-10-23 00:58:56

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🫡

2024-10-22 23:33:25

The fact that taxes this high exist in a society that claims to have eliminated slavery is truly astounding.
https://m.primal.net/Lewi.jpg

2024-10-18 14:43:05

Do you think we'll get a 50 year mortgage or will they skip straight to 100 year?
Either way I'm looking forward to it.

2024-10-18 14:05:33

The world hasn't priced in millions of wealthy bitcoiners.
Great people with growing influence.
Show me the incentives and I'll show you the outcome.

2024-10-16 15:04:39

There has never been a better time than right now to start adding bitcoin into your FIRE plan.
I believe we are on the cusp of a multi-year, explosive bull market that has the potential to drastically shorten your time to financial independence.
Learn and take advantage!

2024-10-16 13:06:47

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GM ☕

2024-10-16 12:44:24

Each morning, or at least weekly, track your savings portfolio value, money out the door for expenses, and your progress to FI.
We move what we measure.

2024-10-10 17:17:15

One more trip to $58k then game on

2024-10-09 13:07:01

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Thank you sir!

2024-10-08 14:19:45

Thanks to my man @npub1cj9…0efa for recommending FIRE BTC!
https://m.primal.net/LOtC.jpg
Here is the link to the inaugural issue of the newsletter. If you're interested in the intersection of financial independence and bitcoin, please check it out:
https://firebtc.substack.com/p/why-bitcoin-is-stupid

2024-10-04 14:14:13

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"augural" 🤣
I meant "inaugural" 🤷‍♂️

2024-10-04 14:12:32

Bitcoin had just finished a 2-year 100x run on Jan 2, 2018, when Mr. Money Mustache wrote "Why Bitcoin is Stupid."
He was right. 😱
Find out more in the augural issue of my newsletter: FIRE BTC
https://open.substack.com/pub/firebtc/p/why-bitcoin-is-stupid?r=1nyxl&utm_medium=ios

2024-10-03 17:43:36

"I consider myself 'experienced' with wallets, cold storage etc. but having concierge service with someone trully knowledgeable like Paul made all the difference in the world between a good and a GREAT Experience. Thanks Paul!"
-- another satisfied Concierge Onboarding client!
There's no substitute for holding the keys to your bitcoin. Make sure you do it right with either Concierge Onboarding or Unchained Signature.
unchained.com/concierge
unchained.com/signature

2024-10-02 11:08:52

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These debates are a relic of a world that no longer exists.

2024-10-02 10:56:57

GM ☕
My echo chamber says JD Vance was the victor last night.
What is your echo chamber saying?

2024-09-27 16:18:07

If we pump it, they will come.
https://m.primal.net/LDmA.jpg

2024-09-18 17:20:37

2y yields higher this morning ahead of the Fed rate decision. Does that mean the market is anticipating 25 bps instead of 50 bps? 🧐🤔

2024-09-18 13:42:16

My theory is that Vitalik regrets the dogshit he created and has been working over the last few years to sink it.
#note1rs7…jesx

2024-09-18 12:44:09

ETH is down 55% from last cycle highs
https://m.primal.net/Ktnl.jpg

2024-09-16 14:12:39

I hope Trump isn't using a brain wallet for his bitcoin.

2024-09-14 20:14:34

Fall break at the best beach in 'Murica
https://m.primal.net/KqBC.jpg

2024-09-08 13:44:50

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Thanks, i'm starting to figure out how things are connected. I didn't realize the lightning address is a kind of "global" nostr variable. But only for receiving zaps. Otherwise, the client has local variables to determine where zaps are sent from. Making more sense now

2024-09-07 20:06:55

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Yes, but this is related to changing the Primal wallet lightning address

2024-09-07 15:27:17

I've been using @npub12vk…pugg for my primary nostr client. I'm trying to update my Primal lightning address and getting this error. What am I doing wrong?
https://m.primal.net/KiKf.jpg
https://m.primal.net/KiKg.jpg

2024-09-06 11:12:04

https://m.primal.net/KghR.png I reached financial independence for 1 day...just a little more patience required.

2024-09-06 00:43:53

👀
#note1r32…mzm5

2024-09-02 16:12:10

But what can you actually use bitcoin for?
https://m.primal.net/Kajp.jpg

2024-09-02 15:00:13

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Yes, I'm planning a coup to leave you alone.

2024-09-02 14:49:23

My crazy politics are that everyone should be held to the same standards on theft and murder.

2024-09-01 15:47:28

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Can you help me understand this? How is extra bill issuance suppressing the long end? How do you estimate the long end should be 100 bps higher?
"This is covet yield curve control or yield supression because it supresses the long-end of the curve.
As a matter of fact, the yield of long-dated treasuries should actually be higher, about 100 basis points by conservative estimates."

2024-09-01 15:38:41

Bitcoin is the pin.
https://m.primal.net/KYxC.jpg

2024-09-01 12:28:09

The Smokies, but smokier
#note16ue…38ae
https://m.primal.net/KYjt.jpg

2024-08-31 21:22:45

Saylor's model will also be destroyed.
I don't make the rules.

2024-08-31 14:44:29

The Smokies
https://m.primal.net/KXMi.jpg

2024-08-29 11:11:18

GM ☕
Don't take the black pill.
Be optimistic and work to build the world you want.
🫡

2024-08-28 02:22:54

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The texts are starting to come in.
"Why is the price not going up with all these ETF inflows?!"
*sigh*

2024-08-28 00:26:26

This range is starting to frustrate folks.
Which means we're close to the end methinks.
https://m.primal.net/KQnW.jpg

2024-08-28 00:02:40

I've noticed a lot more noobs use the phrase "bitcoin and crypto" when asking me questions.
They are unknowingly drawing this important distinction, which didn't use to happen.
Signal.

2024-08-27 23:52:29

I read Atomic Habits and now I write at least one sentence a day.
Little by little lol

2024-08-24 18:45:13

Coming soon to bitcoin country
https://m.primal.net/KLEG.jpg

2024-08-10 19:47:41

Lol sometimes I really miss the bear market
https://m.primal.net/JvII.jpg

2024-07-04 12:02:36

A reminder from Rovinj, Croatia.
https://m.primal.net/JHqB.jpg

2024-06-06 17:19:48

Bitcoin passphrase vs. multisig: Which is right for you?
Two approaches people often consider to gain additional bitcoin security are a passphrase (a one-word secret) and multisig (secures your bitcoin with multiple keys). Let’s see how these two approaches compare. 👇
Singlesig + passphrase
By adding a passphrase to your singlesig wallet, you add a 13th or 25th word of your choosing to your seed phrase, which generates a wholly separate and unique wallet from the default wallet generated without a passphrase. You can create an infinite number of passphrase wallets associated with a single seed phrase backup and hardware wallet.
A passphrase adds some protection in that it distributes your risk across three critical items (your device, seed phrase backup, and your passphrase), but it still has a major single point of failure. If your passphrase is ever lost or forgotten, your bitcoin are gone forever because you no longer have the key to the bitcoin wallet.
Multisig
Multisig is a bitcoin custody model where you construct a wallet using multiple bitcoin keys instead of just one. Multisig is very flexible, allowing wallet developers and even users to set the total number of keys used to construct the wallet (n) and the number of those keys required to spend (m). This creates what’s called an m-of-n quorum. There are practically infinite ways to approach multisig, but the most popular approaches are 2-of-3 (three keys total, with any two keys required to spend) and 3-of-5 (five keys total, with any three needed to spend).
Comparing passphrase with multisig: 7 points to consider
1⃣ Convenience - SS + passphrase is more convenient than DIY multisig but similar to collaborative custody multisig
2⃣ Ease of backup - It’s easier to back up a single hardware wallet, a seed phrase, and a passphrase than back up all the keys and seed phrases necessary to properly store your bitcoin in a standard multisig wallet.
3⃣ Availability - To understand the differences between passphrase and multisig for availability of access, you have to consider multiple possible scenarios: singlesig with and without properly secured passphrases, standard multisig, and collaborative custody multisig. Each of these has different availability of access profiles.
4⃣ Transaction costs - Mining fees in periods of low demand for block space are very cheap, leaving this category often irrelevant. However, it remains true that multisig transactions are more expensive than singlesig transactions. Using a passphrase with singlesig doesn’t add anything additional to the mining fee above standard singlesig; the mining fees are directly correlated with the number of keys involved in the transaction.
5⃣ Fault tolerance - Multisig shines against singlesig with a passphrase and singlesig in general when it comes to fault tolerance. That’s because the nature of multisig (and, again, proper key storage and seed phrase backups!) makes it very difficult to lose enough keys (and the necessary wallet configuration information) to lose access to your funds.
6⃣ Resisting attacks - Altogether, multisig has the slight upper hand for attack resistance. In 2-of-3, an attacker would have to physically compromise at least two physical locations without your knowledge and have specific knowledge that the discovered keys are used in multisig and compromise your multisig configuration information.
7⃣ Financial services - Collaborative custody multisig opens the door to financial services done in a trust-minimized way, such as collateralized loans (where three parties can share custody of funds so that all parties have transparency as to the state of the funds on the blockchain). It also uniquely solves for the problem of bitcoin inheritance.
Can you add a passphrase to multisig?
Yes, you can add passphrases to one or more of the keys used in your multisig m-of-n scheme. But should you? Most bitcoin users set up multisig wallets without passphrases because multisig already eliminates a given hardware wallet or seed phrase as a single point of failure. Adding passphrases can add unnecessary complexity, and unnecessary complexity diminishes security rather than improves it.
=====================
Every decision you make regarding bitcoin custody involves trade-offs. Perhaps multisig helps you sleep better at night, but you might have to drive several hours to get to that second key if you want to benefit from geographically-distributed keys. Or maybe you have to wait for your collaborative custody partner to verify your identity to sign with their key.
Choosing between singlesig (with or without a passphrase) and multisig isn’t an A or B choice; the answer for you might even be both! Maybe you want to secure the more significant portion of your net worth in a multisig collaborative context for peace of mind while keeping smaller amounts for easy access available in a software wallet on your phone.
It’s all about looking at your situation and finding a balance of trade-offs that work best for you and your family or organization.
Check out the full post on the Unchained blog 👇
https://unchained.com/blog/bitcoin-singlesig-passphrase-vs-multisig/ https://image.nostr.build/cf2db3453f0a0fad5412a0c19038cffa84d9bc40ff145c4de682818a738843ef.jpg

2024-06-04 13:31:13

https://m.primal.net/IYUk.jpg

2024-06-04 13:05:25

6 reasons to own bitcoin in retirement 👇
1⃣ Bitcoin helps broaden your asset allocation base - Diversified asset allocation remains a well-conceived strategy for moderating risk. While still in its relative infancy, bitcoin represents an entirely new asset class. Because of this, owning at least some bitcoin, especially due to its distinct properties when compared to other “cryptocurrencies,” provides an opportunity to broaden your asset base and more effectively distribute your overall risk.
2⃣ Bitcoin offers a hedge against inflation and currency debasement - In contrast to fiat currencies, no one can increase the supply and arbitrarily reduce bitcoin’s value. This fact makes bitcoin uniquely scarce among global monetary assets. Ultimately, this scarcity, along with bitcoin’s other monetary properties, should safeguard its purchasing power. As such, owning bitcoin during retirement offers you a hedge against inflation.
3⃣ Bitcoin offers an opportunity for asymmetric returns - Its supply is fixed (there will only ever be 21,000,000 bitcoin), and demand for the asset is growing steadily. As this limited supply collides with increased store-of-value adoption from individuals, institutions, and governments, bitcoin has the potential to dwarf the returns of nearly every competing asset class.
4⃣ Bitcoin offers protection from the risk of long-term bonds - Bitcoin exists in a separate asset class from bonds; it is a bearer instrument that is not exposed to the same money market risks, such as higher interest rates that suppress the value of bonds.
5⃣ Bitcoin offers a potential solution for long-term healthcare risk - Bitcoin’s usefulness as an inflation hedge and its potential for long-term price appreciation make it interesting as an explicitly-dedicated-hedge for this rapidly increasing expense in retirement.
6⃣ Bitcoin offers you individual sovereignty - If you hold bitcoin securely in a wallet you control, no central bank can steal the value of your bitcoin by printing it into oblivion. No CEO can dilute its value by issuing more of its “shares.” Nor can a bank arbitrarily block access to or confiscate your funds. Unlike centralized financial custodians, which can be ordered to freeze or withhold funds on the whims of government or other third-party authorities, bitcoin with keys properly held is resistant to these kinds of overreach.
Check out the full article on the Unchained blog 👇
https://unchained.com/blog/six-reasons-bitcoin-retirement/

2024-06-03 13:24:25

FIRE + bitcoin simplified strategy:
🔸Track your expenses and spend intentionally
🔸Use the 4% rule to get a conservative estimate of dollar-denominated bitcoin savings
🔸Set up automated DCA for at least 10% of your net income
🔸Sweep excess dollars to bitcoin when possible

2024-06-03 11:51:08

WE ARE JUST GETTING STARTED.
Marquette University professor emeritus David Krause describes the Wisconsin pension system's $100 million purchase into a Bitcoin ETF and why the small purchase matters.
https://m.primal.net/IXJb.mov

2024-06-01 14:20:01

Just got beat twice in a row playing Mancala with a 6 year old AMA

2024-06-01 00:06:02

Gettin' after it tonight!
https://m.primal.net/IUXE.jpg
https://m.primal.net/IUXF.jpg

2024-05-31 21:03:00

Stocks are trading at the same gold value as 1970.
https://m.primal.net/IUOj.jpg

2024-05-31 20:33:58

"The fact that politicians can just print money is the reason we're addicted to wars."
🎯🎯🎯
FIX THE MONEY, FIX THE WARS
https://m.primal.net/IUNU.mov

2024-05-31 12:51:19

Within 10 years, every major energy producer will have bitcoin mining integrated into their operations.
https://m.primal.net/ITrd.mov

2024-05-30 23:34:41

THE ENDOWMENTS ARE COMING
"In a groundbreaking partnership, Unchained and the University of Austin (UATX) are launching the first long-term endowment fund held in bitcoin. This innovative collaboration aims to raise $5 million, which will remain invested in bitcoin for at least five years. This initiative marks a significant step in integrating bitcoin into higher education, reflecting a mutual commitment to forward-thinking financial strategies."
https://unchained.com/uatx

2024-05-11 18:12:32

Chick Fil A automated delivery cart in my neighborhood.
The future is now 🐔
https://m.primal.net/IFjg.mov

2024-04-12 15:56:11

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Tragic

2024-04-12 11:35:27

Property taxes are so insidious.
Other people print money, causing the nominal value of your house to increase.
Property taxes are assessed on the current value of your home, so as the property value rises, so does your tax bill.
But that extra home value is not liquid and therefore not accessible to pay the increased tax burden.
If the property tax rises too much, some people may need to take on debt or even sell the property to pay it.
This should not stand in any civilized society.
https://m.primal.net/HuFk.jpg

2024-04-10 22:50:48

If bitcoin isn't your hurdle rate, you're doing it wrong.

2024-04-10 12:18:01

"Gold is used in jewelry and electronics, so it has intrinsic value."
This is a terrible argument for gold as competition for bitcoin.
Firstly, value is subjective and intrinsic value doesn't exist.
Secondly, using gold for non-monetary uses devalues it as a money.
Money is not meant to be consumed. Its purpose is to store value and exchange it for consumables or investments in the future.

2024-04-09 23:45:10

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Just now seeing this, thanks guys, glad you like it.
Damn, I gotta be better about engaging on the nostr side, my bad

2023-12-03 19:39:14

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The test flight version of Damus I'm running does not have zaps on notes, but zapplepay is a great second option

2023-11-30 02:22:36

It worked! Thanks @npub1rxy…hnp8 #note1sue…3ymm

2023-11-30 02:19:08

https://m.primal.net/HRfn.png
Oh boy oh boy....testing in 3, 2, 1...

2023-11-29 20:55:20

To all the FIRE proponents and practitioners out there, buying a total stock market index is not investing.
It’s saving! https://video.nostr.build/68a1dff9543fc74a2bf54259ddf2f24649f316aa8fbe85ffccdde74fccd24cb7.mp4

2023-11-21 21:03:40

Nostr-verse I need some help! I've tried zapping a few posts using Primal. The post lights up orange with an updated zap count but the sats aren't leaving my wallet. I have Alby connected. What else can I troubleshoot?

2023-10-12 00:02:47

IRS says Microsoft owes over 1 million BTC worth of back taxes, enough to cover a full 18 hours worth of new Treasury debt issuance. https://image.nostr.build/55440279b759fbbc68a83025196009870bfa951c2bcb3a395975459b70404fa6.jpg

2023-09-29 16:15:38

In case you've been stalling on getting bitcoin into a retirement account, this should help.
https://x.com/unchainedcom/status/1707771681161302062?s=46&t=NhTpMz9GUSmLDKahAny3BQ

2023-09-29 10:59:10

The curve is steepening quickly. Un-inversion coming soon? https://image.nostr.build/e11971ec9bf2ded1ebdd6d105758a906266c64081afc67379e168fec3bbe3c37.png

2023-09-21 17:10:13

Bitcoin's security budget is $170 at the moment. https://image.nostr.build/640c182475bddcdb9a9767eb2712139d6a158016831b4cdb719d2af0cbcce294.jpg

2023-09-20 18:08:06

You can opt out of caring about 12 old men deciding on the price of overnight bank money.

2023-09-20 17:22:04

The bitcoin paradox:
Bitcoin is a hedge for both inflation and deflation.
🤔

2023-09-18 17:29:09

Busting out the retro Unchained coozie for a day at the beach https://image.nostr.build/116d3ae96580875ce62e8e7a2ce03d634422ac73eb6be3d24255997e802f62a0.jpg

2023-09-15 13:02:32

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No. Used to but after I realized that the anonymity set continually decreases over time I decided to stop.
Better to coinjoin before spending or use other tools. Lightning is better for privacy and ecash will have a role in the future too IMO.

2023-09-15 12:27:20

Stacking sats into cold storage is the number one thing you can do for bitcoin adoption and it's not even close.
Number Go Up FTW

2023-09-11 21:24:42

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Jeep tour. Don't know if I could handle that hike!
So beautiful up there tho

2023-09-11 20:22:53

Riding high in Telluride 👀 https://image.nostr.build/195a8897c57c8e9bc8519e09fe9b0e530ff7c997fe8a9db206440d5e57f31e12.jpg

2023-08-24 16:58:02

Sitting on this plane, thinking back to the times I would eat the snacks in tiny bites as slowly as possible to maximize the time I could keep my mask pulled down below my chin.

2023-07-30 13:54:32

Embarrassing failure of an orange-pilling last night.
I was at a neighborhood party and a neighbor asked me about bitcoin. We talked for a bit and he asked me how to get some. I said I'll send you some right now and you can send me cash via zelle.
I tell him to download Phoenix wallet. So far so good. I fired up Strike, loaded up $100 and tried to send. Failure #1: the $100 apparently needs to clear before I can send it anywhere. First time that's happened to me and I use Strike somewhat regularly.
Ok, no problem, I'll just send it from my node. So I fire up @npub1xnf…lpr5 , scan the QR, and hit send, and it spins.....and spins......and spins......and spins......and then times out.
No indication of why it couldn't complete before timeout. I have plenty of overall outbound capacity, and no trouble connecting to the node. I guess my set of channels aren't well enough connected or the outbound capacity isn't in the right channels. Failure #2.
So at this point I'm really starting to look like an asshole.
Final attempt, I guess I'll try sending on chain from my node. So I ask him to switch to an on chain address and send the sats...success! Well, only on my side.
Phoenix gave him no notification of receipt and the balance didn't show up in his wallet until after it was confirmed. Failure #3.
Needless to say, this guy is probably not too impressed.