₿'ing here, / ₿'ing here, is on Nostr

"1f5eba851852cf6d80369ae74a1ec9ccf4bf7288a51992fbdb61de9d45f74f11e4029b5f90f3b5029bcdea016ef4b57b0b8470611cc82e4aeb0a74a10c73d434"

Last Notes

2024-05-10 01:01:07

#Bitcoin On-chain Data
Giovanni Santostasi and GPT4 discuss scale properties of adoption and value
https://giovannisantostasi.medium.com/giovanni-santostasi-and-gpt4-discuss-scale-properties-of-adoption-and-value-404f9139f4f1

2024-05-09 19:22:22

#PowerLaw #BitcoinTime
9:00 = January 2025 give or take 30 days
Projected 2025 price = $250K
https://image.nostr.build/3f4553e86841a0943600ed37c49bb589deef19a8ae0aae14046024411b47fd81.jpg

2024-05-05 22:58:25

Cinco de Mayo
#Bitcoin $BTC [Week]
#ElliottWave #SMA 20, 40, CCI
https://image.nostr.build/a9f76fa787466a5eade0540c1bf5f17c1b55f1ce3e60507365119b1577fbf30d.jpg

2024-05-02 18:01:04

. . . a draft that may find its way to the 21Bstreet blog
#Bitcoin and the Hyperdrive of Compounding
Leaving Traditional Investments in the Dust
The world of finance thrives on metrics, a constant battleground of numbers vying for investor attention.
Yet, one metric reigns supreme.
Compound Annual Growth Rate (CAGR)
CAGR cuts through the noise, offering a clear picture of an investment's average annual growth over a specific period. And Bitcoin paints a truly revolutionary picture.
The Power of 150%
Bitcoin's 12-year CAGR sits at a staggering 150%. Let's unpack that for a moment.
Traditional heavyweights like the S&P 500 and Nasdaq pale in comparison with a respective 14.6% and 16.7% CAGR.
Real estate, a long-time favorite for stability, comes in at a modest 5.4%.
Gold, often touted as a hedge against inflation, manages a measly 1.5%.
The true kicker?
10-year bonds, designed for safety, actually see negative growth at -0.81%.
In the game of compounding, Bitcoin is playing a whole different ball game.
A Tale of Two Decades: How $10,000 Transforms
Let's take a trip down memory lane, back to 2004. Imagine you had $10,000 to invest and a crystal ball showing the future.
Where would you put your money?
The tech giants of the era were certainly tempting. A cool $10,000 in Nvidia back then would be worth a staggering $4.7 million today.
Apple wouldn't disappoint either, turning that $10,000 into a healthy $3.6 million.
Even Monster Beverage would've been a solid choice, growing your investment to a hefty $3.5 million.
But here's where things get interesting.
Let's say you stumbled upon this strange new concept called Bitcoin in 2009.
Back then, a single Bitcoin cost a mere $0.0009. Fast forward to today, and that same $10,000 (used to buy roughly 11 million Bitcoins) would be worth a mind-blowing $700 billion.
Yes, you read that right!
Seven hundred billion dollars.
The compounding effect of Bitcoin's price appreciation utterly dwarfs the growth offered by even the most successful traditional investments.
Bitcoin: A Deflationary Dream
The magic behind Bitcoin's compounding power lies in its very core.
Unlike fiat currencies, which governments can inflate at will, Bitcoin boasts a fixed supply.
This scarcity creates a natural upward pressure on price, a key ingredient for explosive growth.
Traditional investments, on the other hand, are constantly battling inflation, slowly eroding their purchasing power over time.
A Word of Caution: Buckle Up for the Ride
Bitcoin's phenomenal growth comes with a healthy dose of volatility.
The price can swing wildly, making it a nerve-wracking proposition for the faint of heart.
This is why a long-term buy-and-hold strategy is paramount.
Think of it like strapping yourself into a financial rocket ship. The ride might be bumpy, but the potential destination is unlike anything else in the investment universe.
The Compounding Future is Here
As we peer into the future, the power of Bitcoin's compounding effect becomes even more apparent.
If Bitcoin continues on its current trajectory, it has the potential to reshape the global financial landscape.
What an exciting time to be a part of this revolution, one Satoshi at a time.
Remember, the future is built on strong foundations, and Bitcoin's unique characteristics are laying the groundwork for a new era of financial empowerment.
So buckle up, do your research, and consider taking a ride on the Bitcoin compounding hyperdrive.
https://bitcoincompounding.com/

2024-05-02 00:01:29

#TheBitcoinStandard
https://image.nostr.build/eebb1cc1cff483849217d76c23750565ab6c697a962637b0d12b23ea154c5409.jpg
The Downfall of Unsound Money
Saifedean Ammous' book The Bitcoin Standard takes you through the ugly history of unsound money.
He shows how government-issued fiat currencies have been repeatedly debased, devalued, and inflated away.
This robs citizens of their hard-earned wealth.
Monarchs used to clip coins to make them weigh less. The continental currency experiment during the American Revolution was a disaster. The Reichsbank's printers went crazy during the Weimar Republic.
Ammous highlights how governments and central banks can't resist exploiting their money printing powers.
Unsound paper money causes economic distortions and moral hazards.
Cheap credit fuels misallocation of capital and artificially low interest rates.
The "cantillon effect" benefits the first receivers of new money at the expense of the last receivers.
Ordinary savers get punished as inflation erodes their savings.
Abandoning sound, commodity-backed money for unbacked fiat has been a catastrophic attack on property rights and capital accumulation.
Ammous argues this drives the boom and bust cycles plaguing modern economies.
Bitcoin's Unique Value
After showing the failures of fiat systems, Ammous explores Bitcoin's unique properties as potential "sound money."
Sound money is truly scarce, portable, durable, divisible, and resistant to debasement.
With only 21 million bitcoins ever created, enforced by code, Bitcoin offers scarcity and "hardness" never seen before.
Its decentralized design and cryptography make it incredibly resistant to censorship or seizure.
Ammous compares Bitcoin to gold, historically the closest thing to sound money.
But gold isn't as reliably scarce, portable or divisible as Bitcoin. Gold can be minted and moved only at great cost. It lacks Bitcoin's immutable issuance schedule.
Unlike past failed private currencies, Ammous says Bitcoin's first-mover advantage and lack of issuer help it avoid pitfalls.
He argues Bitcoin's energy use isn't wasteful - it's what gives Bitcoin value as sound money.
Separating Money and State
At its core, The Bitcoin Standard makes a moral case for separating money from the state.
Bitcoin is an immutable, rules-based system no government can debase or expropriate.
Ammous sees this as the next step after life, liberty, and property rights from the Enlightenment.
Just as we separated church and state for religious freedom, we must separate money from state control for true economic freedom.
With open source code and programmatic policy, Bitcoin wrestscontrol from untrustworthy central bankers and politicians.
The energy required to change Bitcoin's code is what makes it a credible reserve asset.
While acknowledging scaling challenges, Ammous paints a future where Bitcoin is the ideal savings asset and reserve currency.
Other blockchains like stablecoins handle transactions.
Gradually, nation states may be forced to embrace Bitcoin as the global reserve asset.
This ends humanity's struggle to protect sound money and property rights from debasement by states.
A Bitcoin Manifesto
Whether you become a "bnptrician" or not, the book's research, arguments, and vision for monetary reform are hard to deny.
Ammous has delivered a potential foundational Bitcoiner text and challenge to monetary economists.
Even Bitcoin skeptics get a gripping monetary history and indictment of how fiat corrodes economic freedom.
If Bitcoin succeeds as a global reserve currency, Ammous' sweeping treatise may be remembered as a philosophical anchor.
At minimum, it ensures an important debate on money's future and the state's role ahead.

2024-04-30 14:19:46

As Murasaki Dreams
The city sleeps beneath a veil of twilight, the hush broken only by the distant cries of nocturnal birds and the occasional sigh of the wind.
Moonlight paints the streets silver, casting long, inky shadows that dance like phantoms.
Within the confines of a traditional wooden townhouse, nestled amidst the bustling heart of Edo, I sit bathed in the soft glow of an andon lamp.
The air is thick with the heady scent of incense and the comforting aroma of freshly brewed genmaicha, its steam swirling like wisps of dreams.
Tonight, my thoughts turn not to the affairs of the imperial court, nor to the delicate intrigues that weave through the lives of the nobility.
Instead, my mind is captivated by a whisper, a murmur carried on the invisible currents of the changing times
Bitcoin. A word both foreign and strangely alluring, spoken in hushed tones within the confines of the city's burgeoning merchant houses.
They speak of a future where the very essence of wealth is transformed, where tiny, intangible fragments called Satoshis hold the weight of a single gold oban.
A million of these Satoshis, they say, nestled within a digital purse, could blossom into a fortune beyond imagining.
A decade ago, they tell me, a million Satoshis could be acquired for a mere pittance, a token sum barely enough to purchase a single cup of sake at a roadside tea stall.
A fleeting dream, a butterfly glimpsed for a moment before it vanishes on the breeze.
Now, the price of these digital slivers climbs steadily, like a determined carp battling its way upstream.
Yet, it is not the price itself that ignites a spark within my soul.
It is the potential, the vast, uncharted expanse that stretches before us like the endless rice paddies that feed our nation.
A world where the clinking of coins and the rustle of paper notes fade into forgotten whispers.
A new language takes root, a symphony of ones and zeroes, of encrypted vaults and transactions conducted in the blink of an eye.
We stand, blindfolded, on the precipice of a revolution as profound as the fall of the shogunate.
The very foundation of commerce, the lifeblood of our society, trembles on the cusp of transformation.
The future beckons, a hazy silhouette shrouded in mist. Can we, with our mortal eyes, even begin to grasp its true form?
Visions dance in the flickering lamplight – fortunes built upon a foundation of digital trust, empires rising from the fertile ground of this nascent technology.
The world we know, reshaped, molded by the invisible hand of this gossamer coin.
A shiver courses through me, a tremor of anticipation and a hint of fear.
The old ways, the traditions etched in ink and silk for centuries, may soon crumble to dust.
Will this new world offer solace or sow chaos?
Will it bring prosperity to all, or will the chasm between rich and poor widen further?
I close my eyes, and the symphony of the city fades. In the quietude, I see a million Satoshis, shimmering like a million fireflies dancing in the summer night. Each one, a potential future waiting to be born. A million dreams, as fragile and fleeting as the dewdrops clinging to a spider's web, yet imbued with the power to reshape the very fabric of our world.
Ah, but the impermanence of it all! Like the cherry blossoms that grace our gardens with their fleeting beauty, this digital dream too may wither and fade.
Yet, even the most ephemeral bloom leaves behind a memory, a bittersweet pang of longing for what once was.
And perhaps, within the fleeting dream of this gossamer coin lies a seed, a promise of a future both prosperous and harmonious.
A future where the potential of a million Satoshis blossoms into a world of abundance for all.

2024-04-28 23:51:31

#BTC USD
[Week] Elliott Waves, SMA 20,40, CCI
https://image.nostr.build/bfbc1082843f075a8a07133ec11f641fb921133d7002ba2f64e9347968c7696f.jpg

2024-04-27 23:12:29

#Bitcoin #keepstacking
. . . signs of intelligent life
https://image.nostr.build/24bbe9de0f32c4e26f432691df6cc2c5841bde3ebad774518064e1af75212e47.jpg

2024-04-27 19:55:45

We are prepared to defend #Bitcoin
https://image.nostr.build/a85c7b0910b62985b0422364717f0cdcf1f7ee0ff3f9970293b6b8a59f8d9174.jpg

2024-04-27 13:35:27

#Bitcoin is Hope #Bitcoin is Freedom
Buenos dias frens 🌅
. . . the sun shines for you today
https://youtu.be/3Rnqst5qCgA?si=UmTkOVhFMRv62z4Y
21BitcoinStreet.com

2024-04-26 17:55:35

The sun comes up
. . . there's not a cloud in the sky
https://youtu.be/gsuMfKA7wFg?si=nPq81Yw3vn41ghPH

2024-04-17 02:00:28

Growing #Bitcoin ⚡To One Billion Users
https://image.nostr.build/242f1e62882dcc2a6dce8845244c96b2a6556d94bf694d2d1700df35d2eb3f98.jpg
https://acceptln.com/