The Big Gunt
Satoshis Nephew

FTCB! Golf and Bitcoin

Public Key

npub1r9rkzmcv3qqw2lz8u8pkxd5djnvm40khzcehdryu9405spjhe2hs54twmh

NIP-57 Address

sweetpug4@primal.net

Profile Code

nprofile1qqspj3mpduxgsq8903r7rsmrx6xefkd6hmt3vvmk3jwz6h6gqetu4tcu02yhq

Author Public Key

npub1r9rkzmcv3qqw2lz8u8pkxd5djnvm40khzcehdryu9405spjhe2hs54twmh

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Last Notes

2024-09-24 10:54:09

Everyone will tell you to go read books, work harder, or to take on some cringe morning routine to become smarter, faster, and stronger... Well that's all bullshit. You know where it all really comes from? Intelligence manifests from falling into fucking madness. An example is that when I put my thoughts into words, my posts get millions of views every week. Do you really think my ability to do this came from books or working hard?
No, it came from losing my fucking mind. Experiencing the deepest levels of depression. I used to contemplate suici** like it was a dvd. I grew up a good kid but the more aware I became of how corrupt the world was, the more it began to corrupt me. I fell so far into the abyss that I became a monster. I fell in love with the darkness because it was the only place where I felt like there were no lies. Look at social media, your friends, family, coworkers. They all wear a mask, they all pretend like the world they live in isn't filled with corruption and vanity. Everyday they wake up and carry out the lie that God is still here with us
God left a long time ago. This realm is in a state of hell. I saw this at an early age and it drove me crazy seeing everyone ignore or pretend like this world isn't run by the devil. I began to hate society for choosing to blind themselves to the truth. So I began to observe and study them, almost like lab rats. I wanted to understand why humans choose hell over heaven. I wanted to know why people choose ignorance over the truth
This led me onto an incredibly dark path. I began to see humans for what they really were and these epiphanies stained my soul. Humans are incredibly animalistic. I realized that there was no devil pushing humanity towards destruction but that humans themselves have a taste and thirst for destruction. This world is full of masochists. People who derive pleasure from their own pain and the pain of others. I realized that success, happiness, confidence were all choices, that anyone could obtain them if they so desired. But sadly most people love hell more than heaven. This is because people treat pain and suffering as a drug, a drug they can't get enough of. Everyone likes to pretend like they don't enjoy their own suffering but yet they also make sure to never fix their suffering. Almost like they're purposely keeping themselves in this state
This is because humans are spoiled, when offered love they choose lust, when offered truth, they choose ignorance. Humans are bored by happiness, happiness is too predictable. Predicatibilty makes life lose its sense of mystery. So humans will self sabotage and artificially bring stress, fear, and anxiety into their lives just so they can feel something different or new. So the next time you think someone needs help or advice, ask yourself if they're addicted to their own trauma and suffering.
Ask yourself if the reason you're not elevating in life is because you love the void too much to leave it. The real redpill is that most people don't want to be happy, rich, or smart. They just want to feel pain, they're addicted to the adrenaline and intensity of their own suffering. They're addicted to their negative emotions, it makes them feel alive. Pain and fear are the strongest emotions to exist other than love and faith. You must choose a side. #bitcoin

2024-09-17 11:26:10

Thanks @npub1k8s…6y88 - cool to know I’m doing my bit mining!
https://m.primal.net/KsfD.jpg

2024-09-11 15:18:26

- reply

Do you genuinely believe that Kamala will be a positive for the USA?

2024-09-05 17:31:08

Please would the community also help @npub1zkr…k6ec .

2024-09-05 17:30:41

People in South Africa who rely on tips - id really like to show them how the LN works.. if the community could come together and donate 100 000 SATS this weekend I’ll go to 3 different locations and video all 3 interactions on Orange Pilling people. #bitcoin

2024-08-30 18:07:53

Thanks for all the birthday wishes!
35 years around the sun.
If you feel like sending me a present my
BTC address is the following
bc1q484yy5zfgm39nwkfq5yyzzpee96z71
lysnu62n - thank you! #bitcoin

2024-07-30 17:26:45

1. Security from loss and theft – Primarily meaning you could carry it with you and hide it easily (portability)
2. Difficult to produce – The effort to create money would be costly, thus making it scarce.
3. Simple to measure through observation – Allowing amounts of it to be easily added or subtracted, creating divisibility.

2024-07-30 17:25:02

The 6 Properties of Money
The monetary medium chosen by societies has differed by availability and evolved as new materials and technology emerged which better fulfill the properties sought in a monetary medium. What is consistent across history is that goods chosen as money have maintained certain properties that enable monetary functionality.
There are 6 monetary properties that determine a good’s merit for fulfilling the desired functionality as money:
1. Scarcity – is limited in its supply relative to other goods.
2. Durability – can be used repeatedly without losing its func-
tionality.
3. Acceptability – it is used by others and thus accepted widely
in a group.
4. Portability – capable of being moved across distances.
5. Divisibility – can be divided into smaller units of value.
6. Fungibility – one unit is viewed as exactly the same as (and
thus interchangeable with) another unit. #bitcoin

2024-07-30 17:23:26

The 3 Functions of Money:
1. Store of value – maintains its value over time.
2. Medium of exchange – is used in indirect exchange for the
purpose of exchanging it again, rather than consuming it.
3. Unit of account – is used as a common unit of measurement
to determine the market value of goods and services.
#bitcoin

2024-07-30 17:22:47

In a perfect world, there would be one form of money. In the real world, there are many. #bitcoin

2024-07-30 17:22:13

Paper money was never naturally chosen as money, it was enforce. #bitcoin

2024-07-05 12:13:23

Most people in the investing world fear volatility.
In fact, popular Wall Street “fear gauges” are usually based on market or asset volatility.
What people should fear, however, is loss of their purchasing power over time.
Once you understand this, ask me about #Bitcoin . Dr Jeff Ross - spot on!

2024-07-04 13:07:39

A public that can no longer distinguish between truth and fiction is left to interpret reality through illusion. Random facts or obscure bits of data and trivia are used either to bolster illusion and give it credibility, or discarded if they interfere with the message . . .
When opinions cannot be distinguished from facts, when there is no universal standard to determine truth in law, in science, in scholarship, or in reporting the events of the day, when the most valued skill is the ability to entertain, the world becomes a place where lies become true, where people can believe what they want to believe. This is the real danger of pseudo-events and pseudo-events are far more pernicious than stereotypes. They do not explain reality, as stereotypes attempt to, but replace reality. Pseudo-events redefine reality by the parameters set by their creators. These creators, who make massive profits selling illusions, have a vested interest in maintaining the power structures they control. #bitcoin

2024-07-04 06:33:12

Bitcoin haters, it is very simple
If all governments stop inflating and censoring money, then we won’t need Bitcoin and people will stop feeding it electricity and it will die
….Your call on what governments are going to do.. @npub1trr…hdpu

2024-07-03 19:20:28

2024-07-03 19:18:29

If you use the terms “crypto” and “Bitcoin” interchangeably, then you are not a serious or intelligent person.

2024-07-03 13:53:16

#bitcoin is like being able to buy insurance on your house while it’s burning. And trust me, it’s burning now

2024-07-02 20:34:54

To be able to save in **well designed money** while the whole world still uses explicitly compromised poverty tokens and doesn't yet understand it... is the investment opportunity of a lifetime.
#Bitcoin @npub1h8n…rpev

2024-07-02 20:30:16

The #Gold Standard failed because of the ability of coin clipping, the difficulty of verifying gold holdings, the bulky and costly transportation and because of a few governments that controlled the entire gold supply.
#Bitcoin fixes all of it. @npub10wv…v22x

2024-07-02 19:32:29

"Being a wholecoiner is going to be an enormous deal in a few years."
#Bitcoin @npub1d3f…r4xv

2024-07-02 19:31:48

The problems are eerily similar all over the world. Inflation, insane housing prices, low fertility rates, too much immigration too fast, government spending and pensions being bankrupt.
Gee, I wonder what's the cause of all this? @npub10vl…sp42 #bitcoin

2024-07-02 12:35:29

HFSP - useless fucks who believe in FIAT! #bitcoin

2024-06-25 15:14:10

Buy $200 worth of #Bitcoin each week and everyone tells you how risky it is.
Spend $200 each week for a bottle of alcohol in a club and people will give you fist bumps and tell you how good of a friend you are.
Society programs you to be poor. You gotta find your own way. #bitcoin

2024-06-25 15:13:40

The worst type.. #inflation is theft! #bitcoin https://image.nostr.build/91e5b9a10d18f744cbb3cb1516bc50892b520b5a1c9efc1abd5cf8877b1ab842.jpg

2024-06-25 15:12:07

The creation, distribution, and valuation of money are the proverbial keys to the kingdom.
#Bitcoin literally takes these invaluable keys from the current nation state beneficiaries and distributes them among the people.
This is the most important paradigm shift of the last thousand years… and possibly in the history of humanity.
It’s hard to overemphasize its importance. #bitcoin @npub1s05…eyhe

2024-06-19 18:55:40

This deserves some SATS! Orange pilling is the greatest career ever! Now just need to get rewarded in SATS #bitcoin https://image.nostr.build/6b513a5deb797eb51dc66ddf4f7a909c13bbaa9bad1e3bb6fe2f3b88d8f67cff.jpg

2024-06-19 17:12:23

8-9-10 #bitcoin https://image.nostr.build/9864907e5f04dfc1b2d97e11e619a6b166a12ceb508030e4d62d69ee006aaeb7.jpg https://image.nostr.build/08f851ddb09ccd2733757e8f154ab7497b347b74f689b6cba6d86de2f172b69f.jpg https://image.nostr.build/b39866136713268ccd5355a821876aaa43596c7289d21de62a1d5cdcd4393cc3.jpg

2024-06-19 15:47:30

https://image.nostr.build/63225ef3bbdddc4e5873839e60f3cc49dc80b0d84a3594f65a649473d7f33165.jpg

2024-06-19 15:45:36

https://image.nostr.build/63225ef3bbdddc4e5873839e60f3cc49dc80b0d84a3594f65a649473d7f33165.jpg

2024-06-19 15:45:10

https://image.nostr.build/63225ef3bbdddc4e5873839e60f3cc49dc80b0d84a3594f65a649473d7f33165.jpg

2024-06-19 15:44:13

https://image.nostr.build/76d85e793d9e946096b0ed19b8217897021ee92235f906941bc76bb211a0e1ac.jpg

2024-06-19 15:43:55

https://image.nostr.build/f2b73a9a2bcc7d00cdaa740602c16e0f418cc8482bbeff17c94bed352e4d4898.jpg

2024-06-19 15:43:42

https://image.nostr.build/7e5be3c8f87cb221996830d753a6c84a57d6c43c46e57c20422761518d3da291.jpg

2024-06-19 15:43:27

Bitcoin 21 Life Rules - @npub15dq…lm5m https://image.nostr.build/4d6bd090faa4638a8b9ef620015215a6e8b6283dcae6346672eccc4658cfaec3.jpg

2024-06-18 17:39:00

I just had a gut feeling… I reckon before the USA elections there will be a major bank run and that will be the collapse.. elections probably moved and WW3 starts in some form.. look most people in the USA don’t have much but when they want it - they’ll figure it’s not there… #bitcoin

2024-06-18 09:43:23

We sit on 400 trillion dollars of global DEBT. And if we pay that back at $1 per second it would take 32 000 years to pay back 1 Trillion.. basically we fucked and BUY BTC as the only hope #bitcoin

2024-06-18 09:18:37

Every misunderstanding of #bitcoin can be traced back to the misapprehension that the essential functions of base-layer money are transact-ability, velocity, and privacy, rather than incorruptibility, censorship resistance, and auditability.
The #bitcoin blockchain was NOT designed to be private. In fact, a universal open ledger is the worst possible design you could think of for privacy. For privacy, physical cash is many times better than ANY blockchain-based system (Monero included - Monero, leading a digital footprint accessible to anyone, is WAY more easily traceable than physical cash), and for a blockchain-based system, privacy was always going to be a layer two + solution (ie e-cash) wherein the transaction ledger is NOT open and universally auditable.
#bitcoin was designed to be AS PRIVATE AS POSSIBLE while still being open, universally accessible, decentralized, and auditable. But that is not very private.
#bitcoin was not designed to be the currency of the Silk Road. Literally mailing cash in an envelope would have been better. The fact that it was used as such lead to a lot of this misapprehension both among government opponents of #BTC and among the early, more privacy-focused bitcoiners. But private transactions was not the problem #bitcoin or any blockchain was designed to solve; it is *orders of magnitude WORSE* than the existing tech: 💵.
The #bitcoin blockchain was NOT designed for high transaction throughput. Again, if you just sit down and back-of-the-envelope calculate the number of transactions per second of the current global economy (let alone one that is on a exponential growth trajectory and in which the volume of digital payments will likely increase by several orders of magnitude in the next few decades with a fully digital economy, AI compute etc.), blockchains per se simply cannot scale to any meaningful percentage of this.
You can add 100x capacity to #BTC and maybe it takes you from 0.00001% to 0.001%. It’s a worthless gesture. It can’t happen. You have to scale in layers. This was known from day one by anyone with the most basic of math skills. Layers offer the only way forward because keeping transactions off the main ledger is the ONLY way to scale by the 6+ orders of magnitude necessary for global economy. The blockchain was designed to be AS TRANSACT-ABLE AS POSSIBLE while maintaining robust syncing and decentralization.
There is a tradeoff here with full personal (ie holding and using your own private keys) sovereignty. #bitcoin cannot do this for everyone on earth. Not with 10x the block size. Not with 100x the block size. Not with 1000x the block size. Not without layers that make some careful and calculated trade offs between velocity and sovereignty. This is a tough pill for many to swallow, because it requires acknowledging that the way we use #BTC today is not the way it will be used by everyone forever.
Literally every ounce of FUD, from de Vries to the Big Blockers, to the Monero Bros, comes down to not understanding what base layer money *is* and what problem it solves: ie theft and incentive misalignment due to fiat debasement.
But the good news is that when you take away the money printer, governments become less powerful, and all of the other problems become less pressing. #bitcoin

2024-06-16 13:22:12

CUNTS - AS THEY ARE BETTER KNOWN FOR! #BITCOIN https://image.nostr.build/4bcab3b23ed61d226277d0dfbaf34725d74b53aa5e728ca5ac8200df5223428b.jpg

2024-06-14 18:53:53

Still need those SATS. Let me show the world the power of the LN - send SATS! #bitcoin

2024-06-14 18:53:18

21 rules of bitcoin by @saylor:
1.Everyone who understands bitcoin buy bitcoin
2.Everyone is against bitcoin before they are for it
3. You will never be done learning about bitcoin
4.Bitcoin is powered by chaos
5.Bitcoin is the only game in the casino that we can all win
6.Bitcoin won’t protect you if you’re not wearing the armor
7.Bitcoin is the one thing in the universe that you can truly own
8.Everyone gets bitcoin at the price they deserve
9.Only buy bitcoin with the money you can’t afford to lose
10. Tickets to escape the matrix are priced in bitcoin
11.Bitcoin insight is restricted to those with a need to know
12.All your models will be destroyed
13.The cure to the economic ill is the orange pill
14. Be for bitcoin not against Fiat
15.Bitcoin is for everyone
16. Learn to think in bitcoin
17. You don’t change bitcoin, it changes you
18.Laser eyes protect you from endless lies
19.Respect bitcoin or it will make a clown out of you
20. You do not sell your bitcoin
21.Spread bitcoin with love
#bitcoin

2024-06-08 16:12:44

Thinking maybe what else can happen is when you get to a restaurant - people on the app are able to allow someone they chose or spin to receive a free meal to a certain price. Company will generate revenue by adding the extra meal to the bill and someone might be saved by having some food. #bitcoin

2024-06-08 16:10:37

Most people struggling to make ends meet still have a mobile phone - but the possibility of getting a meal from someone for free would take some stress away. #bitcoin

2024-06-08 16:09:33

Here is how I see it happening. Restaurants offer a discount of 5% to participants of the networks.
They order food - all types. Most kids don’t finish and neither do most people.
Within minutes those meals can be on the way to certain people within the location of the restaurants. Reviews and tips from corporates for deliver drivers working hard to deliver food and water to families in need. Also homeless people. This idea will spread like wild fire. #bitcoin

2024-06-08 16:05:34

I have another idea - please DM me should you think we can make this happen.. Uber eats but for homeless people and families struggling to feed their famailies. They get notified when someone or table at the restaurant doesn’t finish their food. Participants on the network get chosen randomly based on reviews from restaurants and a POW system.. Corporate companies sponsor the deliveries and sponsoring the business to get it up and running..
Normal people can also decide at the table when they are finished based on profiles or a random spin of the wheel. Thank you from the people getting food can be done via videos.
Most importantly - everything needs to be done on the LN and on chain with larger sponsorships.
Anyone see my vision here. #bitcoin @npub1sg6…f63m

2024-06-08 15:59:49

We have car guards here - we need to get people to pay them in SATS and it’s far easier to send back to their home countries. I will document every single thing. Making BTC understood by normal people isn’t gonna be on CT - in the streets and feet on the ground. LN will make that so easy for me.. I have the time and the passion. #bitcoin

2024-06-08 15:56:41

Wonder if I can get 4800 SATS per day for the rest of the year. I will donate every single sat to buying food for homeless people in South Africa. Will document everything and share on NOSTR.. it should be worth $1000USD which will help so many people… more SATS the better. #bitcoin

2024-06-08 14:37:14

Let’s free ROSS - my main aim is to send him 2.1 BTC from the NOSTR community.
BTC - bc1q4uvfn5l6gjfcqmplylaeqdm7ale9kmq9vmuxsn
#bitcoin #freeross #silkroad

2024-06-08 14:35:12

Our economic systems were not built for a world driven by technology where prices keep falling. They were built for a pre-technology era when labour and capital were inextricably linked, an era that counted on growth and inflation, an era where we made money from scarcity and inefficiency. That era is over. But we keep on pretending that those economic systems still work. Jeff Booth - Price of tomorrow. #bitcoin #freeross

2024-06-06 16:36:08

Advanced Reading List: Bitcoin as a Treasury Reserve Asset
Books
1. “The Bitcoin Standard: The Decentralized Alternative to Central Banking” by Saifedean Ammous
• Summary: This book explores the history of money, the characteristics that make Bitcoin a sound money, and why it could serve as a treasury reserve asset.
• Key Concepts: History of money, properties of sound money, economic theory, Bitcoin’s role in financial systems, long-term value proposition.
2. “Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies” by Nik Bhatia
• Summary: Bhatia discusses the evolution of monetary systems from gold to Bitcoin, explaining how Bitcoin fits into the modern financial system.
• Key Concepts: Evolution of money, Bitcoin’s integration into financial systems, the role of Bitcoin as a reserve asset, future of central bank digital currencies.
3. “Bitcoin: Hard Money You Can’t F*ck With” by Jason A. Williams
• Summary: This book provides a practical guide on why and how Bitcoin should be considered a hard, incorruptible form of money and a reliable store of value.
• Key Concepts: Bitcoin’s resilience, characteristics of hard money, inflation hedge, strategic asset allocation.
Articles
4. “Bitcoin as an Alternative Asset” by Fidelity Digital Assets
• Summary: This article examines Bitcoin’s role in investment portfolios, comparing it to traditional alternative assets.
• Key Concepts: Diversification, risk-adjusted returns, correlation with traditional assets, portfolio performance.
5. “Bitcoin’s Role as an Alternative Asset” by Ark Invest
• Summary: Ark Invest provides a detailed analysis of Bitcoin’s performance, risk, and return characteristics, arguing for its inclusion in institutional portfolios.
• Key Concepts: Institutional investment, portfolio allocation, risk management, macroeconomic impact.
6. “The Case for Bitcoin as a Treasury Reserve Asset” by Lyn Alden
• Summary: Lyn Alden argues for Bitcoin’s inclusion in corporate treasuries, focusing on its potential to preserve wealth and hedge against inflation.
• Key Concepts: Corporate treasury management, inflation hedge, wealth preservation, financial strategy.
Papers
7. “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto
• Summary: The foundational white paper that introduced Bitcoin, explaining its technical framework and potential use cases.
• Key Concepts: Decentralization, peer-to-peer transactions, cryptographic security, double-spending problem.
8. “Bitcoin’s Role in the Financial System of the Future” by Nick Szabo
• Summary: This paper explores Bitcoin’s potential to reshape financial systems and its role as a reserve asset.
• Key Concepts: Smart contracts, financial innovation, monetary sovereignty, Bitcoin as digital gold.
9. “Bitcoin as a Store of Value” by PlanB (Author of the Stock-to-Flow Model)
• Summary: This paper discusses Bitcoin’s stock-to-flow model, analyzing its scarcity and potential as a store of value.
• Key Concepts: Stock-to-flow ratio, scarcity, monetary policy, long-term value.
10. “Bitcoin as a Hedge Against Monetary Inflation” by JPMorgan
• Summary: JPMorgan analysts explore how Bitcoin can serve as a hedge against monetary inflation and its potential benefits for institutional investors.
• Key Concepts: Inflation hedge, institutional adoption, financial stability, macroeconomic trends.
11. “The Implications of Bitcoin for Global Reserve Management” by the International Monetary Fund (IMF)
• Summary: This paper investigates the potential role of Bitcoin in global reserve management and its impact on central banks.
• Key Concepts: Global reserves, central bank policy, financial stability, international monetary system.
12. “Bitcoin and Central Banking: Policy Issues and Implications” by the Bank for International Settlements (BIS)
• Summary: BIS researchers analyze the implications of Bitcoin for central banking, focusing on policy and regulatory challenges.
• Key Concepts: Central banking, monetary policy, regulatory challenges, financial stability.
These resources provide a comprehensive understanding of Bitcoin’s potential as a treasury reserve asset, covering historical context, economic theory, practical applications, and policy implications. By exploring these materials, you will gain advanced insights into how Bitcoin can fit into and potentially transform modern financial systems. #bitcoin

2024-06-06 16:34:58

Challenging Thought Experiments and Philosophical Questions Related to the Bitcoin Blocksize Wars
1. Scalability vs. Decentralization:
• If increasing the block size improves transaction throughput but potentially sacrifices decentralization, is it a worthwhile trade-off? How do you balance scalability with maintaining the core principles of Bitcoin?
2. Consensus and Governance:
• How should decisions about critical changes like block size be made within a decentralized community? What are the pros and cons of different governance models (e.g., miner voting, user consensus, developer decisions)?
3. Economic Incentives:
• How do economic incentives for miners, developers, and users influence their positions in the block size debate? Are these incentives aligned with the long-term health of the Bitcoin network?
4. Security vs. Efficiency:
• Does increasing the block size pose a greater risk to the network’s security (e.g., higher likelihood of centralization)? How do you weigh security against the need for more efficient transactions?
5. Forking and Community Splits:
• What are the philosophical implications of forking the Bitcoin network due to disagreements over block size? How does the potential for creating multiple competing versions of Bitcoin affect the overall ecosystem?
6. User Experience vs. Technical Integrity:
• Should the primary focus of Bitcoin development be on improving user experience (e.g., faster transactions, lower fees) or maintaining technical integrity (e.g., ensuring robustness and security)? How do you find a balance between the two?
7. The Role of Developers:
• What is the appropriate role for core developers in making decisions about network changes? Should they act as stewards of the protocol, or should they take a more hands-off approach and let the market decide?
8. Historical Precedents:
• How have similar scalability debates been resolved in other open-source or decentralized projects? What lessons can be learned from these precedents?
9. Ethics of Influence:
• Is it ethical for influential figures or organizations within the Bitcoin community to sway public opinion or technical decisions about block size? How should power and influence be managed in a decentralized system?
10. Technical Debt:
• How does the concept of technical debt apply to the decision to increase the block size? Are there long-term consequences of making such changes that might not be immediately apparent?
11. Interoperability and Network Effects:
• How does the decision to change the block size affect Bitcoin’s interoperability with other cryptocurrencies and its overall network effects? Could changes make Bitcoin more or less competitive in the broader cryptocurrency ecosystem?
12. Future-Proofing:
• How should the Bitcoin community approach future-proofing the network against scalability issues? What strategies might be more effective than simply increasing the block size?
13. Philosophy of Change:
• What philosophical principles should guide decisions about making changes to Bitcoin’s protocol? Is it better to adopt a conservative approach that resists change, or a more progressive approach that embraces innovation?
14. Long-Term Vision:
• How does the block size debate fit into the long-term vision for Bitcoin as a global currency or store of value? Should short-term usability be prioritized over long-term sustainability?
15. The Role of Market Forces:
• Should market forces (e.g., transaction fees, miner behavior) be the primary drivers of decisions about block size and scalability? What are the potential risks and benefits of allowing the market to dictate these changes?
These thought experiments and philosophical questions are designed to challenge your critical thinking and provide deeper insights into the complexities of the Bitcoin block size wars. Reflecting on these questions can help you develop a more comprehensive understanding of the issues and their broader implications. #bitcoin

2024-06-06 16:31:23

Challenging Thought Experiments and Philosophical Questions Related to Bitcoin
1. The Double-Spend Problem:
• If a major flaw were discovered in Bitcoin that allowed double spending, how could this impact the trust and adoption of the cryptocurrency? What solutions could be proposed to address this issue?
2. Decentralization vs. Regulation:
• How can Bitcoin maintain its decentralized nature while also adhering to increasing government regulations? Can true decentralization coexist with governmental oversight?
3. Energy Consumption Ethics:
• Bitcoin mining consumes significant amounts of energy. Is the environmental impact justifiable given the benefits of a decentralized currency? What are the ethical implications of this energy consumption?
4. The Future of Bitcoin:
• Imagine a future where Bitcoin becomes the global standard currency. How would this change the dynamics of international finance, monetary policy, and economic power?
5. Anonymity vs. Transparency:
• Bitcoin transactions are pseudonymous but transparent. Is the balance between privacy and transparency in Bitcoin ideal? What are the potential risks and benefits of this balance?
6. Bitcoin and Inequality:
• Could Bitcoin contribute to reducing global economic inequality, or might it exacerbate it? Consider the distribution of Bitcoin ownership and the barriers to entry for new users.
7. Forking and Governance:
• What are the philosophical implications of hard forks in the Bitcoin network? How should decisions about forking be made to best serve the community?
8. Bitcoin as Digital Gold:
• Is it accurate to compare Bitcoin to gold? What are the strengths and weaknesses of this analogy in terms of value storage and economic stability?
9. Bitcoin and Libertarianism:
• Bitcoin is often associated with libertarian ideals. To what extent does Bitcoin align with libertarian principles? Are there any contradictions or challenges to this alignment?
10. Quantum Computing Threat:
• If quantum computers become powerful enough to break Bitcoin’s cryptographic security, what would be the implications for the network? How might the Bitcoin community respond to such a threat?
11. Bitcoin in Developing Economies:
• How could Bitcoin adoption impact developing economies? Consider both the potential benefits and challenges in these regions.
12. The Philosophy of Trust:
• Bitcoin is often described as a “trustless” system. What does it mean for a system to be trustless, and is this truly achievable? How does trust manifest in the Bitcoin ecosystem?
13. Scarcity and Value:
• Bitcoin has a fixed supply of 21 million coins. How does this artificial scarcity influence its value, and how does it compare to traditional fiat currencies that can be printed at will?
14. Decentralized Governance:
• How should Bitcoin’s decentralized governance model evolve as the network grows? What are the potential pitfalls and benefits of its current model?
15. Moral Implications of Wealth Creation:
• Is it morally acceptable for early adopters of Bitcoin to amass significant wealth simply by being early to the technology? How does this align with broader ethical principles of wealth distribution?
These thought experiments and philosophical questions are designed to challenge your critical thinking and deepen your understanding of Bitcoin from multiple perspectives. Reflecting on these questions can help you develop a more nuanced view of the cryptocurrency and its broader implications. #bitcoin

2024-06-03 18:27:55

Central Bank manipulation of the money supply is a wealth extraction mechanism to skim value that ought to be accrued by us all as a result of the deflationary nature of technological progress.
They're stealing your income, your savings, your financial security. #bitcoin

2024-06-02 20:17:21

Ever thought about Deflation deeply - such a weird yet powerful concept that people could actually save and have more purchasing power.. no old fuck head being able to print money! Jesus that would be lovely! Until J Poo head and Elizabeth STD leave the office - they gonna fight! #bitcoin will destroy your stupid ideas!

2024-06-02 20:11:15

Being naive on this planet right now might honestly be the biggest single blessing you can have - it’s short lived but fuck the mental pressure knowing what’s coming and nobody is listening is the hardest! #bitcoin

2024-06-02 20:09:58

The most disgusting of them all is Elizabeth Warren and Gary Gensler lead by Jerome Powell. #bitcoin
Each one of these people are devils in their own human skin. Have absolutely no care in the world for human beings.
Fuck you!

2024-06-02 20:08:25

The elites just hate us so much that they know the majority won’t stand up! They’ve won and the normies haven’t figured the only way to fight back and win is with #bitcoin

2024-06-02 20:07:21

And not sure I’ll be alive to see its full potential.. that is something that bothers me! Hopefully my kids or wife can enjoy the fruits.. #bitcoin

2024-06-02 20:06:08

Bitcoin makes you realize actually how fucked we are… #bitcoin

2024-06-02 20:05:34

All material possessions bar my car, iPad and Laptop. Selling for SATS!
Bike
Golf Clubs
DJI Osmo
Clothes not needed
New way of life…
Silent and reserved!
#bitcoin

2024-06-02 05:42:57

Watch this.
In 2023, you worked 40 hours a week and made $100,000 for the year.
You saved all $100,000 and kept it in the USD.
At 2% annual inflation (the mandated rate by the Federal Reserve), your money becomes worth $98,000 next year.
After 35 years, that original $100,000 is worth $50,000.
Inflation and the USD just said that you only worked 20 hours a week in 2023.
But you didn’t. You worked 40 hours.
Nope. Inflation says you only worked 20 hours.
The U.S. Dollar stole 1,040 hours of your time.
The U.S. Dollar stole 130 days of your work.
The U.S. Dollar stole $50,000 of your work’s value.
You did nothing to deserve this other than existing in a monetary system where this is a reality.
And that's just at 2% inflation. Real inflation is much worse.
The U.S. Dollar steals from its earners and holders *every* year.
Some people are aware of this and they place their earned USD’s elsewhere, such as real estate. This inflates the price of a home, making life increasingly more unaffordable.
Not only is your time, work, and wealth being stolen from you, life as a whole is becoming costlier each year. This is what inflation does.
This is a horrible system.
There has to be better.
The best news for humanity is that there is better. There is a solution. There is a just and equitable system for all of us.
If money is broken, then the world is broken, because money is connected to everything.
If we want to fix the world, we must fix the money.
#Bitcoin is the fix.
Bitcoin makes inflation go EXTINCT. Nobody can create new bitcoins. This is fundamental to Bitcoin’s design.
Life becomes more affordable. You don’t lose time, you gain time. Your work becomes more valuable with each passing year.
Bitcoin flips the stealing nature of the USD on its head.
#Bitcoin is a vote for a better world. I’m casting all the votes I possibly can. Humanity is too, one by one. The sooner we unite, the sooner we reach the promised land.
Fix the money, fix the world.
Don’t prop up the current system. Don’t vote for the robbers. Change your vote.
Vote for #Bitcoin

2024-05-30 09:40:18

The picture right here is the cause of so much finance ruin in South Africa! There is no such thing as free and fair elections. Humans cannot be trusted with motivates that suit their own agenda! Bitcoin is truth. #bitcoin https://image.nostr.build/2e1959da43ead569d6ad02d09c9d538a06b620c55ca7038a824463e85426e38d.jpg

2024-05-30 09:39:04

Every single person gets BTC at the price they deserve!
My opinion is that people don’t understand time preference..
Everyone wants things now. That is the problem with FIAT currency.
#bitcoin

2024-05-30 09:38:01

Bitcoin… gradually then suddenly.. #bitcoin

2024-05-29 19:00:20

I have so much hate in my heart right now… A N C are fucking the population so badly!

2024-05-29 18:59:52

A N C - they’ll rule and ruin for another 4 years! White, black, indian and all races.. get your money outta ZAR! Buy Bitcoin! #bitcoin

2024-05-28 16:39:14

The 10% is purely the NGU technology. No lending and FTX bullshit. Purely getting companies to add and the increase we get via BTC! #bitcoin

2024-05-28 16:38:16

The business model will be simple. 1% upfront paid in BTC and 10% performance fee all paid in BTC! #bitcoin

2024-05-28 16:37:25

I already have a large network from my previous career in high end real estate with owners running medium to large size businesses whom I believe I can convert..

2024-05-28 16:36:35

Reason 1 BTC is because cost of living here in South Africa is so low and I can make it work so the ROI will be phenomenal to someone who takes the risk.. #bitcoin

2024-05-28 16:35:45

I’ll need 1 BTC for 24 months of hard work and networking and whoever backs me I’ll split 50/50 revenue once the business turns a profit.. everything will be done on NOSTR financial wise so it’s here forever. #bitcoin

2024-05-28 16:34:35

My goal is to be the most successful BTC advisor to South African companies wanting to add the valuable asset BTC on their balance sheet and treasury asset… #bitcoin

2024-05-28 16:33:34

All businesses looked at from a BTC point of view look very very different compared to a fiat mindset… #bitcoin

2024-05-28 16:32:58

Wonder if it’ll become mainstream like YouTube and Tiktok where people generating quality content can make a living off it? #bitcoin

2024-05-28 16:32:20

What is the highest number of SATS ever zapped on Nostr? #bitcoin

2024-05-28 16:10:08

Conclusion
Bitcoin’s rise as the best performing asset class since its inception is a remarkable story of innovation, resilience, and adoption. Its journey from a niche digital currency to a globally recognized store of value and investment vehicle demonstrates the transformative power of blockchain technology. As the world continues to embrace digital finance, Bitcoin’s role in the global economy is likely to expand, solidifying its status as a premier asset class.

2024-05-28 16:09:57

Future Outlook and Potential Risks
Looking forward, Bitcoin’s performance as an asset class will likely continue to be influenced by a combination of technological developments, regulatory changes, and macroeconomic factors. While it has proven to be a high-performing asset, potential risks include regulatory crackdowns, technological vulnerabilities, and market competition from other cryptocurrencies and digital assets. However, many analysts believe that Bitcoin’s established brand, first-mover advantage, and growing adoption will continue to drive its success.

2024-05-28 16:09:48

Network Effects and Decentralization
Bitcoin’s decentralized nature and strong network effects have contributed to its resilience and performance. As more people use and invest in Bitcoin, its network becomes more valuable and secure. The decentralized structure ensures that no single entity can control or manipulate the Bitcoin network, which enhances its appeal as a trustless and transparent asset.

2024-05-28 16:09:38

Regulatory Developments and Legal Recognition
Bitcoin’s journey from a fringe technology to a mainstream asset class has been marked by increasing regulatory recognition. Countries like the United States have developed clearer regulatory frameworks, which provide legal certainty for investors. In 2021, El Salvador became the first country to adopt Bitcoin as legal tender, further validating its use as a currency and store of value.

2024-05-28 16:09:30

Technological Advancements and Ecosystem Growth
The growth of the Bitcoin ecosystem, including advancements in infrastructure, security, and accessibility, has played a critical role in its performance. The development of custodial solutions, regulated exchanges, and user-friendly wallets has made it easier for individuals and institutions to invest in Bitcoin. Additionally, the advent of the Lightning Network has improved Bitcoin’s scalability, enabling faster and cheaper transactions.

2024-05-28 16:09:20

Global Economic Conditions and Inflation Hedge
Bitcoin’s performance has been bolstered by its perception as a hedge against global economic instability and inflation. As central banks around the world engage in quantitative easing and other measures that increase the money supply, Bitcoin’s fixed supply of 21 million coins becomes more attractive. Investors looking for a store of value that cannot be devalued by inflation have increasingly turned to Bitcoin.

2024-05-28 16:09:08

Institutional Adoption and Validation
The involvement of institutional investors has been a significant factor in Bitcoin’s rise as a leading asset class. Companies like MicroStrategy, Tesla, and Square have invested billions in Bitcoin, citing it as a store of value and hedge against inflation. Furthermore, major financial institutions, including Fidelity, JPMorgan, and Goldman Sachs, have started offering Bitcoin-related products to their clients, providing further legitimacy and support to Bitcoin’s value proposition.

2024-05-28 16:08:56

Comparative Asset Performance
When compared to traditional asset classes, Bitcoin’s performance stands out. For example, from 2010 to 2020, Bitcoin delivered annualized returns of around 200%, vastly outperforming stocks (such as the S&P 500), bonds, gold, and real estate. Even the best performing stocks during this period did not match Bitcoin’s returns.

2024-05-28 16:08:47

Volatility and Market Cycles
Bitcoin’s price history is characterized by high volatility and distinct market cycles. It has experienced several dramatic booms and busts, often following a four-year cycle related to its halving events, where the reward for mining new blocks is halved, thus reducing the supply of new bitcoins. Despite these fluctuations, Bitcoin’s overall trajectory has been upward, rewarding those who held through the volatility.

2024-05-28 16:08:24

Bitcoin’s Exponential Growth
Since its creation, Bitcoin has seen unparalleled growth. From its early days of being worth fractions of a penny, Bitcoin reached a price of nearly $69,000 in November 2021. This rise represents millions of percentage points in returns for early adopters and long-term holders. Its growth outpaced traditional assets such as stocks, bonds, and real estate, making it one of the highest returning investments of the last decade. #bitcoin

2024-05-28 16:08:04

Origins and Initial Performance
Bitcoin, created in 2009 by the pseudonymous Satoshi Nakamoto, began with virtually no value. The first known exchange of Bitcoin for goods was the famous purchase of two pizzas for 10,000 BTC in May 2010. This marked the beginning of Bitcoin gaining monetary value, which grew exponentially in the following years. By 2011, Bitcoin’s value had increased to $1, marking a significant milestone for an asset class that had started from zero. #bitcoin

2024-05-28 16:00:54

2nd Public company to have BTC as a treasury asset… $41 million dollars bought… 581 BTC! #bitcoin

2024-05-28 15:56:05

BTC… we are so early yet so late..
Late in regards that the MSM are so fucking stupid and could of made themselves so much money by doing honest work and early when the baristas think the USD is still backed by gold.

2024-05-28 13:53:19

Lightning Network… needed to send someone 40USD yesterday immediately. Used the lightning network and it was instant! Blew my mind! #bitcoin

2024-05-28 13:51:54

I’m back! Took a break! BTC is still unbelievable! Met a chap today who has held BTC from $0.50.. still works a 9-5 job.. has over 2000 BTC and will maybe spend when it gets to 150-200k..

2024-05-01 09:12:07

Shopping with the wife is a shitcoin… 🤣🤣

BTC on sale!

JP the worst!

They all useless!

Still hate government!

2024-04-04 17:54:06

#Bitcoin   is going up forever.
The computing power of the Bitcoin network does over 600 quintillion calculations per second.
Quintillion.
Per second.
One quintillion seconds was 32 billion years ago. Multiply that by 600 and you get 19.2 trillion years.
The Big Bang supposedly happened 13.8 billion years ago.
19.2 trillion divided by 13.8 billion = 1,391.
The computing power of the #Bitcoin   network is 1,391 times the length of the universe’s existence.
In case you didn’t get that.
The computing power of the #Bitcoin   network is 1,391 times the length of the universe’s existence.
Now, calculations per second (a rate of computation) and seconds (a unit of time) aren’t necessarily relatable. This is more about understanding the magnitude of 600 quintillion calculations per second.
A year ago, Bitcoin’s computing power was 250 quintillion calculations per second. That number has more than doubled in just one year, with no signs of slowing down.
#Bitcoin  is showing you there is a verifiably, absolutely scarce asset secured by a computer network 1,391 times more powerful than the length of all time. And that network is only getting more powerful.
Do you think it’s a coincidence Bitcoin is the best performing asset since its inception 15 years ago?
#Bitcoin  is the apex predator of wealth storage.
You cannot store your value better than in a place that is verifiably, absolutely scarce, especially when that place is secured by computers doing 600 quintillion calculations per second.
There is an asset that they are NEVER making any more of secured by 19.2 trillion years of time.
Satoshi Nakamoto birthed #Bitcoin   15 years ago, on January 3rd, 2009.
That genesis included the innovation of programmable, absolutely finite scarcity tethered to the physical world via Proof-of-Work.
Since then, people and computers all over the world have continuously joined the network to secure that innovation.
More people and computers will be incentivized to join the network because they want to secure the innovation that protects and propagates their wealth better than any other asset in the universe, until the point where an overwhelmingly massive amount of human and computer power have joined the network, at which point the world will realize they can use #Bitcoin  as money, just as Satoshi Nakamoto wanted #Bitcoin  to be used.
There are two certainties in life.
1) Death
2) There will only be 21 million Bitcoin ever to exist
When #Bitcoin  is global money, everything in the world will be priced in Bitcoin.
We can make more of anything else, but we can’t make more Bitcoin.
More and more and more and more divided by the same 21 million.
For perpetuity.
For the rest of time.
#Bitcoin   is going up forever.

2024-03-22 06:21:54

How does more mainstream adoption happy of UNDERSTANDING Bitcoin before buying happen?
Books..
Podcasts..
Word of mouth..
NOPE.. hyperinflation in South Africa will ramp it up very very quickly and also cause a DBN riot x100..
When do I think it’ll happen? Within 7 years South Africa will become Zimbabwe on steroids and the USD will be forced upon us but I have faith that the normal blue collar worker will get Orange Pilled before the massive Hyper inflation event.. #bitcoin

2024-03-22 06:17:33

So, what if Bitcoin “fails” ? Well what does one consider it failing? The USD in my opinion has failed in 1973 when Nixon took it off the gold standard.
Why? Because USD isn’t backed by anything. Can’t verify fuck all and you have to trust a few people in the USD to not inflate it to start wars..
Bitcoin is verifiable every 10 mins and even the most technically challenged person could do it.. #bitcoin

2024-03-22 06:14:39

There are pockets of places in South Africa that are better than any place in the rest of the world.. Fucking unbelievable! #bitcoin

2024-03-22 06:12:51

What are BIG governments actually needed for. #bitcoin can sort that out.. because already having so many people involved and things don’t get done.. try something else because you can’t get worse than we already are..

2024-03-22 06:11:48

#bitcoin - governments worldwide are incredibly short sighted.