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Steven Yang
1656f991427da7d437cdec6b8c9a8fa643eb03f2d043297d6e95dded2f2e7e9e
Learning and building conviction with every block.

Looks like it’s safe to say that the next #bitcoin halving will be taking place some time next April.

Wouldn’t it be nice if it happened on 420? 😉

Found this on twitter from @HodlSouth

LMAO

The two NBA games tonight man.

What a night.

I love this game.

Yes…. When we first came to Vancouver in 1997, you could buy a detached single house on the west side for ~$400k.

Now, nothing on the west side is below $2 million… a one bedroom condo in downtown now costs $600k, more than a single house from 1997!

How fucked it is that.

The fact that after 23 years, Gladiator still looks like a modern day movie shows how well made it was.

Do you have it on test flight? You need to update to 1.4.3 (6)

Go to Settings in Damus and then Zaps.

There is an option for #onlyzaps

Turn it on, and voila!

Ah I see. It’s an options in the settings. Thanks!

How come some posts can still be liked, but some can only be zapped? #nostr

弄(no)死(s)它(tr)

English meaning: kill it

The “it” refers to centralized networks.

Home insurance premium went from $292 last year to $492 this year.

When I asked why, they just said:“inflation.”

This is getting ridiculous.

Works! Nice! nostr:note1vre4nwl7u2qgwujraykgzw04qv09m57utd5e6z39n9v3dh90gs5s7cl0vw

The thesis for #bitcoin is simple:

Whenever there is a crisis, the first thing that governments from all over the world will do is print money (dot com bubble, 2008 GFC, COVID, etc.).

The reason they have to print is because our society is built on credit and debt, and the debt is collateralized by assets like treasuries, stocks, real estate, etc.

When a crisis happens, the value of all collateral will tend to decrease (everyone will look to liquidate for cash). But since our financial system is leveraged up to the eyeballs, a sizeable decrease in the value of collateral will cause a cascading liquidation of all debt.

We can’t have that because then the politicians will lose their jobs. In the end, all politicians will simply choose to kick the can down the road by printing money to cover the holes, and the cost of this money printing is the debasement of our money.

Therefore, as long as this system continues to chug along, we can expect our money to be perpetually devalued.

Since #bitcoin has an immutable monetary policy that will only ever produce 21 million #bitcoin, in the long run, we can expect its price to increase perpetually against currencies that are perpetually debased.

In simple terms, #bitcoin is the ultimate anti-fiat.

The hard truth is that most people will always choose the high time preference path first.

Coming from a fiat mindset, they will opt to “invest” (gamble) with crypto scams, all in an effort to make more fiat.

But when we really think about it, which crypto project has ever achieved what is promised in its white paper?

People need to understand that #bitcoin works just like how money is supposed to work. It promises nothing but to be a replacement to the easily manipulated fiat currencies that we are forced to use today.

When you truly understand #bitcoin, you’ll understand just how important this protocol is.

#bitcoin is not crypto. It is simply another form of money that has an immutable monetary policy.

Because you think bitcoin is the same as other crypto scams.