GM from beautiful Colombia.

With all the chaos and nonsense going on in the world right now, I wanted to share something that I believe is critical as it relates to what is happening on #bitcoin (the first global free market that can’t be cheated) versus a system of corruption (trying to stop that system) Either 1) through willful intent or 2) lack of knowledge.

(*the majority of people fall into the lack of knowledge group)

According to game theory and playoff matrices: even when there are very high rewards and low punishment (they wouldn’t get caught) approximately 10% of people won’t cheat - no matter what!They place a higher internal value on integrity that overrides external rewards. I’ve seen this number as low as 2.5% and as high as 20%.

Why is that important:

Although everyone wants to see themselves as one of the honest, the math says that between 80 - 97.5% of people will cheat depending on the rewards. Now enter money - the ultimate pot of gold with high rewards and low punishment for cheating because people don’t understand it. Most people will cheat - a mirror of the world we see and have seen in Bitcoin since its inception. Need inflation, bad for environment, drug money, doesn’t scale, crypto, meme coins - the list will go on and on because if people can “get rich at someone else’s expense - most will. Those are simply the numbers and always have been.

In fact, in prior periods of history, the honest were at a massive disadvantage because and would often be killed by the cheaters. Because the integrity was so rare, society would often celebrate these people after their deaths as lessons of what we wanted our higher selves to look like.

#bitcoin has changed the equation. Giving those with integrity the power. Why: because 2.5 - 20% of people that won’t cheat is a massive number - especially if many of those people are decentralized and can’t be “found”. Those are the people who eventually run nodes, contribute their time and energy to keeping #bitcoin decentralized and secure, watch for attack vectors, build value on top of this protocol, call out the cheaters, teach and advocate to help others see it. Those people simply can’t be bought, and more are joining every day.

That decentralized and secure protocol bounded by energy is repricing everyone and everything from the other system and it will continue to do so as that system tries to grapple with: the cheaters no longer make the rules.

It will be chaotic, many more will try to cheat (don’t be afraid to slay your heroes) but in the end…..Satoshi unlocked a way to put the best of us into a protocol that was best for all of us.

What a time to be alive.

GM

How much a zap cost?

It's the classic tale of advising a friend to buy Bitcoin, then they come back and tell you they bought shitcoins - just on a national level.

They have to burn their hand on the stove to learn, same as we did.

The ETFs have bought ~2.5x the new issuance of bitcoin since their inception.

MicroStrategy (alone) claims to have bought ALL the new issuance of bitcoin over the last year.

“…But but but ‘profit taking’…” is keeping the supply shock from occurring?

No … Coinbase - enabled by others - is fractional custodying bitcoin. We have huge amounts of paper bitcoin suppressing the price.

Classic

What is this?

Not a fan of how much BTC Microstrategy is accumulating, but they seem to be doing it legitimately soooo whatcha gonna do?

Will certainly be interesting to see if Saylor takes a full hero-to-villain arc a la Roger Ver.

Not a fan of the holidays because it means I have to hang out with family.

I've always been the black sheep of the family and the disparity only grows wider as time passes.

The ever present desire to completely unplug and live happily ever after on a Bitcoin standard.

gm, Uncle has been deep in coding mode, keeping GitHub streak alive - so that's why not many posts here. What have you been up to?

Good morning, remember to try to stay humble. I see too many people getting FOMO. Use no leverage; stay the course of humbly stacking.

If you go to the ₿sky feed on Bluesky, you can trip over gems like this, every minute or every goddamn day; wherein people can't say one nice thing about bitcoin, even when it enriches them