AlaskaBTC / AlaskaBTC is on Nostr

"55769a8a9be5c7d1bca8caefd566790d4d0d657d2887bf004018c6e66619e01b0aafe4d6b701f7315f3d6036241b9fc60030125d2285698bf1b4123f555066f1"

Last Notes

2024-07-17 12:56:13

My article was published by Bitcoin Magazine.
https://bitcoinnews.com/opinion/fix-the-world-a-journey/

2024-07-05 03:18:41

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Layer 1 may not be the way people transact in the future. Every technology evolves. Lightning may improve or something better may come along.

2024-07-04 17:42:48

A staffer mentioned volatility the other day. They couldn't grasp bitcoin so I just put this together and sent it to them. Maybe some of you will get value from this as well.
The other day we chatted about bitcoin. I just wanted to say a few things that may help you understand. First, while it's hard to grasp at first, bitcoin is actually backed by energy. Like you don't believe that gold is going to disintigrate or real estate is going to whither, if you don't believe that energy is going away, bitcoin isn't either. It's volatility is to the upside due to the upside just as gold was in its early days of adoption. This is a chart showing 50% price swings even in our lifetimes. Gold already existed though and people understood it, that's why I believe bitcoin has so much more volatility, but its to the upside.
Bitcoin is mined through stranded energy as it is the cheapest energy around. With the absolute cap on what can be mined, currently only 3.125 bitcoin every 10 minutes globally,, that drives the value of this asset up. Miners can't afford to compete for this bitcoin if they don't have the cheapest possible energy. This energy is often hydro and more recently, geothermal, and even nuclear. I really wish that Alaska's leadership would begin understanding it because it could replenish our State funds while building out our energy grids, both in serious jeopardy. Here is a short video I produced about Alaska and energy.
https://youtu.be/3R7SFOHV3c4
While others see this as an asset akin to a stock, it is not. It is an independent monetary system that is far superior in every way, free of any government. It is engineered perfect money. Beyond that, it has an absolute cap with a programmed transparent inflation rate that is cut in half every 4 years making it the only monetary system that is more akin to scarce property like real estate.
Once that you begin to understand it you start to realize that it is and will continue to suck the monetary premiums out of everything else, a monetary premium being a value placed on something above its utility value. As this happens, everything else will drop to its utility value and bitcoin will go up. This won't however happen in dollar denominated terms though as the dollar will continue to be debased.
Another way to look at this is that the BRICS Nations are looking for other settlement methods. There really are none. Gold requires trust, it requires assays, a ledger, transport, etc. That's why fiat fails as it is simply a mobile ledger representing value. Unfortunately, historically, this could never be trusted which is why all fiat eventually fails. But so do hard assets like gold because whomever holds that ledger can alter it.
Bitcoin will give other nations the ability to absolutely trust the currency as it is publically transparent. I can watch the ledger and verify every transaction globally proving that any attemp to alter the ledger fails. You can do this at bitfeed.live. This site shows the blocks being built. You can click on any of the small blocks and see the values of these transactions, their UTXO's, and dollar denominated value. Once you see this you may begin to see exactly how valuable this asset class truly is.
Another great resource is https://timechainstats.com/. It has some incredible information.
If you want info regarding how it would affect your personal portfolio I would encourage you to use the Nakamoto Portfolio put out by Swan Bitcoin. You can add a % or 2 of bitcoin to your current portfolio and see how it benefits. https://nakamotoportfolio.com/nakamoto/start
Bitcoin volatility is driven by three things, its halving cycle and dollar debasement. 1) When bitcoin halves and the supply that was mined at the old rate drops, the miners must sell at a higher rate to stay in business. 2) when the gov tightens bitcoin doesn't move down much but when it prints, it goes up drastically. This is due to the fact that many people can't get access to real estate or stocks to hold as property but they can buy bitcoin. They aren't willing to part with it as they see it as their savings. And 3) adoption. As it continues to be adopted it will simply kill all other currencies over a long enough time horizon. I can send value instantly to anywhere in the world for virtually free. No government can stop me. It takes me 2 minutes to set up a MUUN wallet that doesn't require any bs kyc/aml rules that the bank requires and I can send my money anywhere. On that note, if I decide to travel with my money, you know how you can't board a plane with more than $10k or gold bars, or cross a border in a war zone with these? I can memorize my 12 words and safely cross any border with all my value without fear of theft.
It is 100% the greatest invention since fire. It allows people the ability to save and transact without intermediaries grifting. Ledgers have been manipulated since the beginning of money. No more. That's a really really big deal. I just hope that our state catches on and starts using it to solve our fiscal/energy problems sooner than later. It is probably the most important opportunity Alaska has ever had and we're sitting on the sidelines without any desire to do anything but suffer a slow death as a state.
If you need resources I'd be happy to provide. If you'd like to speak with any educators I'd be happy to facilitate. I have access to virtually everyone in the industry one way or another.

2023-12-13 03:53:01

Bitcoin is a lot of different things to different people. To me bitcoin is a solution to a lot of flaws in our society. Like what you might ask. Well, let me unload on you. Today lets talk homes.
Homes should depreciate over time. When Congress instituted the Federal Reserve Act of 1913 people holding dollars quickly realized that the dollar could be debased to infinity so they ran to the only scarce asset they could find. For over a century people have been stashing their wealth in property and since it is finite, this sent the price soaring.
People who once utilized land for its utility value farming and ranching now had the wealthy who would not work the land push them out. Income and capital gains taxes destroyed these nature lovers tossing their families off the lands as they could not afford to pay the inheritence tax on the lands.
But thank God for the banks. They began offering loans so that people could continue to buy homes. This put people in debt servitude. Today people must work for 30 years without moving or taking any risks that might endanger their employment or the home is returned to the banks and all the while they charge you an interest fee on a value distorted through a money printer printing to infinity.
How does bitcoin solve for this? Bitcoin returns us to absolute sound money where the value can never be inflated. Over time it will continue its journey repricing all asset in bitcoin. That $50k home in 1970 that has a bad roof, bad foundation, and mold in the walls should not cost $500k today. Maybe it should be worth $30k. Bitcoin returns that $470k in value by removing the monetary premium from real estate and returning it to the money where it belongs. The beneficiaries of this shift are those who recognize it before the institutions are able to allocate to it.
Our great great grandparents stole from our great grandparents. Our great grandparents stole from our grandparents. Our grandparents stole from our parents and our parents stole from us. Now we either need to fix this mess and accept that the banking system that has stolen from generation after generation to operate its antiquated system through political monopoly must die or accept that we are leaving our kids in poverty and debt slavery for their entire lives.
Which is it? Are you a greedy little thief or do you care about your children?

2023-06-15 23:58:00

I have zaps for someone who can create Alaska bitcoin memes! Post here!!!

2023-05-30 15:03:37

Awakening Echoes
Once blind, but now I see, The truths concealed in history. Awakened from a slumber deep, I rise from shadows, no longer asleep.
A veteran's heart, once filled with pride, Believed our nation's noble stride. But veils of lies now torn apart, Reveal a world, a diabolical art.
Memorial Day, a solemn morn, Where fallen heroes are gently borne, Their sacrifices not in vain, Their legacy an eternal flame.
Yet on this day, a different gaze, Transcending past and future days. A symphony of awakening cries, As truth unfurls beneath the skies.
The nation's intent, so complex, A system built on control, and checks. Exploitation's grip, both near and far, Invisible chains that mar and scar.
Within our land, debt-slaves we dwell, Inflated dreams, a relentless swell. Banking systems, a devouring breed, Feeding on our sweat and need.
But the exploitation knows no bounds, On foreign shores, suffering resounds. Nations shackled, their people enslaved, While we reap benefits, ill-gotten gains.
Children toil in sweatshop's plight, Mines and crops, a tragic sight. Invisible tears, their cries unheard, Injustice reigning, a world absurd.
Awakening souls now join the fight, Breaking free from indoctrination's might. A bugle's call, reveille's sound, As walls of enslavement crumble down.
Bitcoin emerges, a beacon bright, A decentralized force, a shining light. Borders blurred, barriers unchained, Empowering hearts that once were pained.
A future envisioned, just and fair, Where financial systems breathe fresh air. Bitcoin's promise, a pathway true, To reclaim power and freedom anew.
This Wake-Up Day, let voices ring, In unity, our truths we bring. A world transformed, where all are seen, Where peace and justice reign supreme.
So let us rise, united strong, In chorus, singing a different song. A poem of change, a resounding call, Awakening echoes, breaking walls.
On this Memorial Day, we stand tall, Honoring heroes who gave their all. Embracing the wake-up, the dawn of a new, With awakened hearts, we'll journey through.
For truth has stirred, a fire's ignite, Awakening echoes, shining bright. Together we'll build a future so grand, With open hearts and awakened hands.
Awakening echoes, let them resound, As we reclaim our voice, unbound. A world transformed, where freedom's sway, Shall mark this Wake-Up Day.

2023-03-06 14:34:16

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And Gary Gensler is doing...? Just wondering cause it seems he refuses to take any serious action on any of the shitcoin securities or shitcoin distribution centers. Slap a fine and move along... Seems more like monetizing their scams to fund .gov than protecting citizens.

2023-03-06 07:00:35

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If I got some Bitcoin but nobody knows my wallet address, do I have Bitcoin?

2023-03-06 05:12:03

Adam Sandler orange pilling some bankers...
https://i.imgur.com/UzhwxrF.gif