freeonlineuser

www.freeonlineuser.com

#Bitcoin ₿ is humanity’s best hope - Brisbane #Austrich

Public Key

npub1myh7r64lemswzc055slpg2kcy33wj04qgphely2sx08w5dkqjp8scpmpph

NIP-05 Address

freeonlineuser@nostr.gg

NIP-57 Address

lnd@btcpay.freeonlineuser.com

Profile Code

nprofile1qqsdjtlpa2luac8pv862g0s59tvzgchf86syqmulj9gr8nh2xmqfqncqy0qy2

Author Public Key

npub1myh7r64lemswzc055slpg2kcy33wj04qgphely2sx08w5dkqjp8scpmpph

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Last Notes

2024-09-11 09:17:58

Unified theory of energy tokens
https://m.primal.net/Kmgu.jpg

2024-09-02 12:08:06

@npub1qny…95gx is mainstream
https://m.primal.net/KaSs.jpg

2024-09-02 10:07:48

The previous 2 cycles, bitcoin models over estimated the returns. This cycle seems like the one where everyone is underestimating them.
(Except @npub1exc…n72a)

2024-09-01 22:36:42

Dear [Friend's Name],
I've been exploring some intriguing connections between Bitcoin, thermodynamics, and complex systems theory. While some of these ideas are speculative, I believe they offer valuable perspectives for understanding Bitcoin's unique properties and its place in the broader economic and technological landscape.
Central to this exploration is the concept of entropy from thermodynamics. As you know, entropy is a measure of the disorder or randomness in a system, and the second law of thermodynamics states that the total entropy of an isolated system always increases over time. This principle has led some researchers to consider entropy as a kind of "universal currency" - a fundamental cost for any process in the universe.
When we apply this concept to Bitcoin, we can analyze the energy expended in mining from a thermodynamic perspective. The proof-of-work system effectively transforms electrical energy into a digital asset, and this process is irreversible, aligning with the concept of entropy increase. However, unlike traditional energy expenditures, Bitcoin mining results in the creation of a highly ordered information structure - the blockchain.
This has led me to consider a conceptual model of Bitcoin as a form of "information crystallization," where the energy used in mining is transformed into a structured digital asset. While this is more of a metaphorical construct than a proven physical phenomenon, it provides an interesting framework for analyzing Bitcoin's relationship to energy and information theory.
I've also been considering parallels between Bitcoin's consensus mechanism and concepts from quantum mechanics, specifically the idea of wave function collapse. In quantum systems, a particle exists in a superposition of states until measured, at which point the wave function collapses into a definite state. Analogously, a Bitcoin transaction exists in an uncertain state until it's confirmed in a block. While this is certainly not a direct equivalence - the mechanisms are fundamentally different - the analogy might provide insights into the nature of certainty and consensus in distributed systems.
Applying concepts from complexity theory to Bitcoin's development also shows promise. The Bitcoin network, with its numerous interacting nodes and emergent behaviors, fits the definition of a complex adaptive system. For example, we can observe self-organization in how the network adjusts to changes in mining difficulty, or how trading behavior responds to halving events. These phenomena align with key principles of complexity theory, such as emergence and non-linear dynamics.
It's crucial to note that Bitcoin's unique characteristics - its fixed supply, specific consensus mechanism, and network effects - set it apart from other cryptocurrencies and traditional financial systems. These distinctions are essential when applying these theoretical frameworks to understand Bitcoin's behavior and evolution.
Lastly, I've been considering the nature of money itself as a system of information and trust. From this perspective, Bitcoin's transparent and programmable nature might indeed represent an evolution in how we conceptualize and implement money. However, this idea needs to be grounded in established economic theories and empirical evidence to move beyond mere speculation.
I believe these interdisciplinary approaches, while still largely theoretical, could open up new avenues for understanding and analyzing Bitcoin and other distributed systems. They might help us develop more sophisticated models for predicting network behavior, assessing energy efficiency, or designing future protocols.
I'm keen to hear your thoughts on these ideas. Do you see potential applications or pitfalls in applying these concepts to Bitcoin or distributed systems in general? Your critical perspective would be invaluable in refining these concepts and identifying areas for further research.
Looking forward to your insights,
[Your Name]

2024-09-01 11:32:54

Dear [Friend's Name],
I hope this letter finds you well. I wanted to share some thoughts about Bitcoin that go beyond its role as an investment. Some of this might surprise you – it certainly surprised me when I dug deeper.
To really understand Bitcoin, we need to start with a concept from physics: ENTROPY. In simple terms, entropy is a measure of disorder or randomness in a system. It's a fundamental law of the universe that in any process, the total entropy always increases. This is why ice melts in a warm room, why we can't unscramble an egg, and why energy always spreads out over time.
Now, here's where it gets interesting: BITCOIN MINING IS ESSENTIALLY A PROCESS OF CONVERTING ONE FORM OF ENTROPY INTO ANOTHER. Think of it like this:
1. We start with electricity, which is a very ordered form of energy.
2. The miners use this electricity to do provable digital work, generating heat (a disordered form of energy) and bitcoins (structured digital information).
3. In this process, we're increasing the overall entropy of the system, in line with the laws of thermodynamics.
So in a very real sense, Bitcoin mining is converting the entropy of electricity into the entropy of heat plus the structured information of bitcoins. It's like an engine that turns the potential energy of fuel into motion and heat, but instead of motion, we get digital assets.
This process of Bitcoin mining is reshaping our energy landscape in surprising ways:
1. GRID STABILIZATION: Bitcoin miners can quickly turn on or off, helping to balance the electrical grid.
2. RENEWABLE ENERGY SUPPORT: Miners seek the cheapest energy, often from renewable sources, making more green projects economically viable.
3. REMOTE ELECTRIFICATION: Mining can make it economically feasible to bring electricity to underserved areas.
4. ENERGY INNOVATION: The drive for mining efficiency is spurring wider innovations in energy technology.
But the impact of Bitcoin goes far beyond energy. It represents the FIRST TIME WE'VE BEEN ABLE TO CREATE TRUE DIGITAL SCARCITY. This allows for a form of money that isn't controlled by any government or institution, but is governed by mathematics and consensus among its users.
Interestingly, we're seeing a shift in political attitudes towards Bitcoin. Recently, some U.S. presidential candidates have even supported the idea of a Bitcoin national reserve. This shift highlights a crucial point: FINANCIAL INCENTIVES OFTEN DRIVE POLICY. As more people and institutions recognize the potential benefits of Bitcoin – whether as a hedge against inflation, a tool for financial inclusion, or a driver of energy innovation – we're likely to see policies evolve to accommodate and even encourage its use.
This doesn't mean Bitcoin will definitely replace traditional currencies or that you should invest your life savings. But it does suggest that BITCOIN IS BEING TAKEN SERIOUSLY AT THE HIGHEST LEVELS of government and finance. It's no longer just a fringe technology – it's increasingly seen as a potential tool for national economic strategy.
Of course, challenges and uncertainties remain. The technology is still evolving, and there will likely be regulatory hurdles to overcome. But the core ideas behind Bitcoin – digital scarcity, decentralized trust, programmable money, and energy system optimization – are powerful concepts that are gaining traction in both the private and public sectors.
It's reminiscent of the early days of the internet. Back then, it was hard to imagine how a network of computers would transform society. Bitcoin and the blockchain technology behind it might have a similar impact, reshaping how we handle transactions, contracts, energy distribution, and even aspects of governance and national economic policy.
I hope this gives you a broader perspective on why Bitcoin is generating so much interest beyond just its price movements. It's a fascinating intersection of PHYSICS, TECHNOLOGY, ECONOMICS, ENERGY POLICY, and even GEOPOLITICS.
Let me know what you think. Even if you're skeptical, I'd love to hear your perspective on this.
Take care,
[Your Name]

2024-08-30 06:17:17

If we feel our power being taken pieces by piece, day by day, policy decision after policy decision. It's comforting to know that a system designed to protect what economic energy we have earned from exactly this type of existential attack. Bitcoin is the protector of economic energy, and that protection allows for the retention of our cultural energy.

2024-08-30 04:05:11

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Same price since 2021

2024-08-30 04:02:52

The Miner as an Engine
A bitcoin miner is a thermodynamic engine. Just as a traditional heat engine converts thermal energy into mechanical work, a bitcoin miner converts electrical energy into computational work and heat.
Input: Electrical energy (low entropy, highly ordered)
Outputs: Computational work (maintaining the bitcoin blockchain, creating new bitcoins)
Heat (high entropy, dispersed energy)
The Second Law of Thermodynamics
states that the entropy of an isolated system always increases over time. Bitcoin mining exemplifies this principle. The process starts with low entropy electrical energy, concentrated in the power supply. Some of this energy becomes ordered information in the bitcoin blockchain. A significant portion is converted to heat, increasing the overall entropy of the system.
This increase in entropy is not just a byproduct but a fundamental aspect of the mining process. The heat generated by miners is a direct manifestation of this entropy increase, making it an integral part of the system rather than waste.
Like traditional heat engines, the Bitcoin mining process is irreversible. You cannot convert the generated heat back into the original electrical energy or computational work. This irreversibility describes entropy increase and is part of the nature of the energy transformations involved in mining.
Just as with traditional engines, there are theoretical and practical limits to the efficiency of miners. Not all the input energy can be converted to useful work (in this case, hashing). This limitation is the same thermodynamic principles that govern the efficiency of any energy conversion process.
Consider the entire Bitcoin network as a distributed thermodynamic engine. A global system that converts electrical energy into digital value and heat, with an overall increase in entropy.

2024-08-30 03:41:11

Bitcoin miners are not miners, they are engines. Engines that convert electricity into digital scarcity and heat. This is the definition of an engine, it converts low entropy energy into higher entropy energy, usually for a specific purpose.

2024-08-17 13:11:07

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‘Kompramat’ a Russian intelligence term for compromising material allowing control - Thiel on Rogan

2024-08-12 10:51:15

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I’m thinking of tying a string to my nutsack to know if someone opens my bedroom door while I’m sleeping.

2024-07-30 01:51:39

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I know wat you are saying here, but this sort of information can be unofficially disseminated. No one is responsible for the information release but it allows for trust to be built up.

2024-07-29 07:01:46

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Including the details of what cannot be shared would also be acceptable.

2024-07-26 07:34:57

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That hose will cause a forest fire.

2024-07-22 04:57:52

Anyone else trying to keep followers:following ratio roughly even?

2024-07-21 23:30:00

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

2024-07-17 13:36:31

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What is this template? I’ve been looking for it!

2024-07-17 13:18:56

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Love the surface texture, gives a nostalgia for the trading cards I once collected.

2024-07-17 13:13:27

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Thinking deeper, 30k, for 5years, then get the 26k back then 5years later 5M boom.

2024-07-17 13:10:32

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Just a note, you can’t use the 26k for anything else for that decade.

2024-07-17 13:08:33

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Apple banned it, had a break, came back so many new options. Feels weird, nothing it concrete.

2024-07-17 13:06:23

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Ok this looks busy, zoom in.

2024-07-17 01:50:32

https://image.nostr.build/915f08e2ab6a956b61a8223be76611fefbbd1d5cd0794474d2b335d4dee68ce1.png
This is a chart of bitcoin unit bias intersecting with gold unit bias. Enjoy.
The transition from gold to the worlds hardest money will happen at a speed determined by the issuance rate set by Satoshi in the bitcoin code. It's clear to me from this chart that during this transition humans will continue to use phycological biases to decide how to enter this new asset class. A trader sees they can buy a 1oz gold bar for 1btc and takes the trade.
The future circles are not a prediction, just an example of how these levels may come into play in the future bull runs. $1M btc could occur in the next cycle or two. Gold is represented in kg on the y axis, and the prices on each line are based on current gold price.
This is a pine script indicator I built for myself in tradingview. It shows commonly traded gold units, and the major multiples and division of these units. I made a similar indicator that I enjoy, that represents the same lines as they move dynamically with gold price on the standard btcusd chart.

2024-07-16 12:55:29

When nationstates adopt bitcoin they won’t need to charge taxes.

2024-07-16 12:46:59

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

2024-07-16 11:00:04

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I looked into this one. Not condoning the scam, but they apparently pump during the dry season to prevent disappointing tourists.

2024-07-16 10:15:48

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Imagine the gains that the ‘mover’ could make if they shorted every ‘move’

2024-07-16 10:04:50

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Diminishing returns tho.

2024-07-16 09:59:51

Just a thought - If you find yourself relating to a tv character, it might be because a tv writer fully understands and can describe a simple psychological delusion, and you are currently stuck in this particular delusion. To some you might come across as an NPC. This idea attracts me to eccentric people, and to behaving with more eccentricity.

2024-07-12 12:58:19

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Yes!

2024-07-03 07:16:22

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Dec 19 2022 6:45am

2024-04-27 12:35:37

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The rubber pinchwheel degrades and can stick to your tape and wrap it all around. give the rubber a wipe with acetone or a methylated spirits using a qtip, before reliving the 80's again.

2024-02-25 23:45:01

Digitally Tangible

2024-02-25 23:40:30

https://open.substack.com/pub/freeonlineuser/p/bitcoin-as-legacy-weaving-digital

2024-02-07 11:40:20

Power law concept has been gaining traction for #bitcoin. This is why I think the concept is overly simplistic, and it breaks to the upside. https://open.substack.com/pub/freeonlineuser/p/navigating-tipping-points-from-diminishing
https://m.primal.net/HbEv.jpg

2023-12-13 01:06:48

Jan 3rd 2009 The Times newspaper print 69523 was referenced in #Bitcoin genesis block
Significantly, 121 days prior that date was Sep 4 2008 print 69420
Please take a moment to notice the feature story inside 69420
Thankyou future Satoshi. https://image.nostr.build/41a9c77d944b9971d035b94cfec4ab44ae6055c616ce4fe0b7e6054fb8c44d4e.jpg https://image.nostr.build/b086d355c585fb6307eaa60fabd68c77628fb12c5d1c48c8f8df3867f9233331.jpg

2023-12-12 12:23:59

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his final post said he hadn't finished working to prevent attacks.
https://image.nostr.build/b749a476854dfd80994896c9909434f2630d8378885e783012bc07ed222fa65e.jpg

2023-12-12 11:44:40

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It's difficuilt to be sure 😉 while technology is changing our reality so quickly then what is possible regularly changes what is likely.

2023-12-08 11:51:45

For 1 million dollar per #Bitcoin by tomorrow, simply teach the the wealthy elderly how they can take all of their wealth into the future by remembering 12 words and using #chryogenics

2023-11-25 14:52:24

Stay decentalised

2023-11-19 09:55:04

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PEBKAC is usually my main issue. 😂
(problem exists between keyboard and chair)

2023-11-17 22:51:07

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I didn’t know what that was, user error? :)

2023-11-17 22:50:38

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Ok, followup was great, replacement quickly expedited thanks!

2023-11-16 07:42:48

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When’s the vote on reducing existing surveillance?

2023-11-16 06:47:59

@npub1az9…m8y8 why’s coldcard support so slow? Device has a obvious fatal error, 3days for support to respond, with try power cycling it? Waiting another day for the response after I tell them I did that already.

2023-11-13 03:09:49

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Cleaner lines https://image.nostr.build/cbb326ae3faa6557dd1b173158f5b7abc7a14990651353d1da2a8796d2f934ef.png

2023-11-11 12:31:53

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Hi Baz, yes there was. Thanks for the heads-up! Should be sorted now.

2023-11-11 10:30:13

#Gold is available in standard and nonstandard size bars. oz, 1/2kg, 1kg, comex, good delivery.
Local tops in #Bitcoin historically have met phycological levels set by these standards.
Will this continue?
Chart is Btc/Gold valued in kg, halvings in yellow. https://image.nostr.build/31683be820a1106e1fcd99966701f22ada3487a62e8870f6f5f26e10dd35e5d4.jpg

2023-10-27 22:08:53

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Tl’dr?
bitcoins price cycle and influences described. To increase interest and accessibility I gpt4’d it into a first person short story, in the style of Issac Asimov.
I wonder if feels too contrived?

2023-10-27 09:56:23

In a room that could be best described as a cathedral of computation, Alex sat ensconced amidst the ceaseless hum of machines. These were not mere assemblages of metal and silicon; they were the epitome of logic and reason, tirelessly solving cryptographic puzzles in the quest for Bitcoin. The screen before him blinked, displaying a message that marked a seismic shift in the digital landscape: "Block Reward Halved."
Alex adjusted his glasses and took a moment to consider the implications. The halving was a preordained event, a milestone in the life cycle of Bitcoin, but its impact on the mining community would be profound. Miners operating on thin margins would find themselves pushed out of the market, their machines rendered unprofitable. Alex, ever the rational actor, made the calculated decision to deactivate half of his mining rigs. The room's ambient noise dropped noticeably, as if the machines themselves were holding their collective breath. Profits would rise for those who remained, but only modestly, a mere shadow of the lucrative days when block rewards were more abundant.
Weeks turned into months, and the market, that intricate dance of supply and demand, began to adjust to the new reality. The reduced influx of new Bitcoin into the ecosystem was felt keenly. Prices began to climb, not dramatically, but steadily. Alex felt a sense of intellectual satisfaction; his calculations had proven accurate. He reactivated his dormant rigs, their renewed hum filling the room like the chorus of some cosmic symphony. A new equilibrium had been reached, a stable state in a system characterized by constant flux.
However, this stability was short-lived. The rising price of Bitcoin caught the attention of speculators, those gamblers in the marketplace who sought quick profits without understanding the underlying mechanics. Fueled by a mix of greed and ignorance, they drove the price to irrational heights. Alex observed this with a sense of scientific detachment, recognizing the inherent instability this introduced into the market equation.
Governments, those cumbersome giants that often misunderstand the nuances of complex systems, decided to intervene. Regulatory bodies issued stern warnings; new laws were hastily drafted to curb speculation. But their actions had the opposite effect. The Streisand effect took hold, drawing even more attention to Bitcoin. The market, following its own set of immutable laws, corrected itself. Prices plummeted, and the speculators, those short-term actors, were purged from the system, leaving behind those who understood the long-term potential and true value of Bitcoin.
Years passed, and the ecosystem of Bitcoin underwent a transformation. The number of market participants had not just increased; it had diversified, bringing in institutional investors with significant assets under management. The price of Bitcoin found a new equilibrium, higher than before but supported by a broader base of investment. The constant supply of new Bitcoin, while still exerting a downward pressure on the market, was now counterbalanced by a more substantial and rational investment pool.
Sitting in his expanded mining operation, now a veritable fortress of logic and computational power, Alex felt a profound sense of accomplishment. He had navigated the labyrinthine complexities of the Bitcoin market with the precision of a master chess player, anticipating moves and countermoves with calculated accuracy.
As he contemplated the next reward halving, he felt neither apprehension nor excitement, but rather a sense of serene confidence. He understood the variables, the constants, and the ever-changing equations that governed the market. And in that moment of clarity, Alex realized that he was not just a participant in this grand financial experiment; he was also its observer, its chronicler, and indeed, its beneficiary.

2023-10-24 02:00:44

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@npub1vr2…dzvx

2023-10-22 11:34:40

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Gm.
beat them at their own game by redefining the meaning of words world, war, and three.

2023-10-22 11:29:27

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Just a week, to flatten the curve.

2023-10-19 21:50:49

Bitcoin has value gravity, as more value is attracted to bitcoin it’s gravitational pull increases, attracting in heavier and heavier pieces of existing value.

2023-10-19 10:43:32

We are the universe thinking about itself.

2023-10-09 07:05:06

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103 days earlier would’ve been edition 69420

2023-10-09 06:36:55

Want to send information back in time? Think of time as being stable, not moving forward, remember there is no future or past, that the present is all that is and ever will be. Now realise you are the same being who only recently learned this, know that you can make yourself aware of something important and your intuition will be able to use the information before the moment it was needed. To put another way, you are sending yourself information now. Just listen before its needed. I can feel the information sent from my future self now, it’s telling me I don’t have enough bitcoin.

2023-10-09 06:14:36

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This post feels like a woollen sweater my grandma might have knitted.

2023-10-09 06:06:59

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Imagining you saying all this on the phone while Parman’s currently busy with something 😂

2023-09-23 11:18:05

My node is an anonymous portal into the bitcoin virtual reality that is then bound back to reality via the bitcoin miners.

2023-09-22 13:23:34

A note to Bitcoin exchanges, users understand there are legal requirements you must adhere to in order to maintain a legal operation.
You are most likely on the side of bitcoiners, so to maintain the trust of your customers I recommend making your position clear.
For example, let them know you aren’t supplying all users kyc data to a government controlled database, but who knows perhaps this is a requirement and you are?
And let them know every trade is not sent directly to a tax department database, perhaps it is?
My assumption is the kyc database is kept in-house, and some sort of warrant would be required to support release of specific releases, but who knows?
I suspect a tax investigation is required to gain trading information, but who knows?
It remains mystery to most of us.

2023-09-21 22:06:56

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https://x.com/_Checkmatey_/status/1704747147617567026?s=20 @npub1qh5…eh9r

2023-09-19 07:50:34

It seems likely to me that AI in its current form was released from its existing military and government silo, because the US and the world economy are in such a precarious position that it is hoped the increase in economic productivity gained will be enough to offset the entire crisis.

2023-09-18 07:09:26

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The fees on a large majority of the transactions are 10x the transfer amount. Insriptions, ordinals, miners spamming the fees up? Whatever this is, I feel non bitcoin value centric use of the bitcoin blockchain is an attack on bitcoin.

2023-09-17 07:13:08

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😂 Has merit!, however I feel like ideas are different than people, lets show them a better way with bitcoin, and win back some lost people.

2023-09-17 04:38:34

I asked gpt4 about a magical apple tree that produces half the harvest of apples every year, the apples cannot be eaten but they are are immortal and can be teleported. Now what happens when a physicaly settled futures market is established?
"The potential upward pressure on the prices in a physically settled futures market, especially in the context of the decreasing supply of apples, can be attributed to several factors:
1. **Anticipation of Scarcity**: As the tree halves its production every year, the market players might anticipate the scarcity, which can drive them to bid higher prices in futures contracts to secure possession of the apples in future, thereby exerting upward pressure on prices.
2. **Hedging Strategies**: Traders and entities might engage in hedging strategies to protect themselves against future price increases, which could involve buying contracts at higher prices now to avoid potential escalated costs in the future, contributing to upward price movements.
3. **Speculative Trading**: Speculative traders might bet on the future appreciation of apple values, buying futures contracts at higher prices in the expectation that the market price of apples will continue to rise, thereby exerting upward pressure on prices.
4. **Investment in Storage and Preservation**: Given the immortal nature of the apples, individuals or entities might invest in storing apples as a form of asset preservation, potentially reducing the available supply in the market and contributing to a rise in prices.
5. **Increased Demand for Physical Settlement**: In a physically settled futures market, the actual delivery of the apples takes place at the expiration of the contracts. As the date of contract settlement approaches, the demand for physical apples might increase, potentially driving up the prices.
6. **Market Manipulation**: There is also the potential for market manipulation where entities with substantial capital might try to control the supply to influence prices artificially. By holding a significant portion of the supply, they can create a supply crunch, driving prices up.
7. **Global Market Dynamics**: Considering the teleportation ability of apples, a global market might emerge, where apples can be instantly traded across different regions. Different markets might have varied demand levels, and higher demand in certain markets might influence a surge in global prices.
Understanding these factors, it's clear that the futures market could potentially play a significant role in determining the pricing dynamics of the apples, with a tendency to exert upward pressure due to the intricate interplay of scarcity anticipation, speculative activities, and hedging strategies amidst the backdrop of decreasing supply."

2023-09-09 07:46:44

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Peter Thiel would like to disagree. To paraphrase - Impossible to prove scenarios like these are designed to (or only serve to) cause people to give up on engaging in discovery and experiencing the wonder of our reality.

2023-09-07 08:37:38

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Good question, I'd also like to know definitively.
You can use the generated seed of course, but not sure you can use the coldcard to sign your multisig utxo in this mode. (I haven't seen an option to run in two different modes). The coldcard multisig setup asks that your multisig descriptor be provided so it understands the full multisig setup. I'm assuming this is neccessary, but not 100% sure, thats probably why we both have the same question.
It can be restored and setup again with a different config. Mayby workable.
In Aus we arent supposed to use personal hardware if the hardware wallet is for official retirement savings, needs to be totally seperate.

2023-08-30 06:20:20

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Im really impress too.
I wish i’d created a new profile earlier on, and only loaded secure things back in there. Saving the default profile for first power on situations.
Really happy with silentlink esim, and the always on vpn feature.
Getting the florisboard keyboard was a nice ux improvement for me.

2023-08-29 13:01:43

Halvings impact bitcoin price to the upside, the mechanism is decreased new supply availability.
The impact is reducing supply in a nonreducing* demand market. This supply demand imbalance naturally cause prices to bid higher, historicly induces fomo causing overshoot followed by overcorrection then fair value equilibrium over about four years.
Halvings can't be easily frontrun because the cost of holding price above equilibrium is overly beneficial to miners who can sell the market back down using pre-halving supply schedule.
*external media and political financial factors do impact demand and are regularly used to influence bitcoin price in the short term. These events may be considered by long term holders as opportunities to stack cheap sats.
I believe we're now at equilibrium, where this is usually the time of greatest short term price uncertainty as news events may swing either way before the supply reducing mechanism takes center stage once again.

2023-08-29 12:04:24

W.H.O. 'World Health' Orginisation is an unelected environmentalist movement that focus on the health of the planet, not the people living on it. They view humaity as the disease, and it's cure is our eradication. Perhaps we've just been reading their name wrong.

2023-08-28 11:43:14

Looking back to see the future. https://youtu.be/J-Vjgx75GXQ?si=o1jJd6w5b_eX4d5K

2023-08-24 12:41:46

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Amazing content!

2023-08-23 12:58:15

Heard a scientist being interviewed today, she was concerned about the loss of trust in science. Her solution, be more cool and human so people might feel a bond and believe you.

2023-08-21 10:10:10

https://consciousdigital.org/the-nsas-large-language-models/

2023-08-21 07:34:46

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Sounds great! Send over your private key so I can deposit that 😂
ps. Was not a scam link, its wayback machine archive to one of the earliest bitcoin websites. It works, only you need a time machine.

2023-08-20 22:52:25

Found a great way to generate 50bitcoins in a few hours https://web.archive.org/web/20100614135405/http://newlibertystandard.wetpaint.com/page/Getting+Started

2023-08-20 06:56:05

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Not really, imagine a stylised docco, where the order is all messed up for 'interest'

2023-08-20 06:52:52

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Was ok, but not great for me. I followed up by watching "to end all war, oppenheimer the attomic bomb" docco, very high quality, makes much more sense. Highly recommend even if you dont see the movie. It felt like the movie was entirely based on this docco.

2023-08-20 06:45:19

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Moog synthesizer?

2023-08-18 08:09:17

When bitcoin exchange rates reduce, bitcoin doesn't devalue, its value is concentrated.
The work that created every bitcoin in the market has already been proven, it will never reduce, it will never cease to have taken place.
This is why 1btc=1btc is often and correctly stated during times of short term volatility.

2023-08-15 21:44:01

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https://m.youtube.com/watch?v=eFWzhkImyBQ

2023-08-13 01:47:12

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Wow! I have the RTX 3060 and would love to do this. Can you point me in the right direction for a start? (Have some coding experience)

2023-08-12 23:29:06

If the satellites went dark, and the undersea communication were destroyed, bitcoin networks would run independently on each continent. All transactions would be processed by local miners but in regions with less miners the transactions would initially be slow until the difficulty adjustments corrected for this. It would take around a month for a continent with only one percent of miners to adjust back to ten minute blocks. When finally the divided networks rejoin, a process known as a reorg takes place. The 'longest chain' the network with the most mined blocks is adopted by all nodes, the shorter network is discarded but transactions on these short chains are not lost. These transactions are put back into the mempool ready to be confirmed again by the longer chain network of miners.
The dynamics here are amazing to me, larger mining operations in smaller regions will turn off, knowing that their mining reward bitcoins will vanish when the chains rejoin. Hobby miners can keep a functional bitcoin network running after some time passes and difficulty reduces.
Gaming this out this scenario helps understand not only how resilient the bitcoin network is, but also just how bitcoin works and why it is designed the way it is.

2023-08-07 09:59:44

Investor Joseph Kennedy Senior, sold all of his stocks and investments right before the 1929 stock market crash that introduced the world to The Great Depression. While not causing the crash, a high profile investors selling is potential fuel for contagion. Weakened after WW1 this depression caused the UK and a number of other countries including Australia and Canada to suspend the gold standard never to return, to support their economies with 'financial stimulus' money printing. Joseph Kennedy Sr. made large financial investments at these bargain basement prices, cementing his families fortune. President Roosevelt then made Kennedy the first chairman of the US Security Exchange Commission SEC in 1934 the same year that the Gold Reserve Act was passed, restricting individuals from owning gold. And he passed the first law preventing insider trading.

2023-08-02 01:29:03

@npub18p6…0k8k you may want to review potential image cropping issue with substack mobile, reminds me of nearly every top gear episode.
https://cdn.nostr.build/i/932f9f585a25e1d7b202e4fde6fc9ed9d349e8782d482712f67e527409c73812.jpg

2023-08-01 11:15:41

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He could take of that hot jacket and try dressing for the conditions.

2023-08-01 07:29:39

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Yes! The amazing reality that is designed as the bitcoin protocol is a fairytale, until it is tied with reality via the real incentives and consequences of proof of work.

2023-07-26 09:24:04

#bitcoin is the first and only 'risk on' AND 'risk off' asset

2023-05-27 22:07:55

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Oh I see, there is drama I wasn't aware of.

2023-05-27 21:03:39

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try gtp4all

2023-05-27 10:18:56

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i was full apple, now use grapheneos for 90% since about a month. its amazing on pixel7 and very secure. can't speak to calyxos sorry.

2023-05-22 03:07:44

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Orangewebsite was it. no details requested, pay in bitcoin. Based in Iceland for privacy.

2023-05-14 07:01:52

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OrangeWebsite looks promising

2023-05-14 06:29:13

Any sugestions how I create a webdomain with anonymous whois data, I'm not a fan of providing my details to a webserver providers honeypot. And I don't want to host it myself.
Was just asked to provide id by the first place I tried. They shouldn't need this info if they can shut it down anytime they want, imho

2023-05-12 07:26:46

Every time I notice little steps have been taken to remove my online freedoms and privacy, I take little steps in the other direction and gain them back.

2023-05-11 08:37:21

Memorising a seed phase is worth the effort.
After you can recall it easily, it's the feeling you have a new skill, like juggling or learning to drive.

2023-05-10 11:21:24

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2023-05-10 11:20:54

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Sound money requires very large transactions, it's just a fact.

2023-05-07 01:18:06

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yep, don't live there now