Embrace self-care daily—pre-work, lunch, or post-travel. Strengthen your essence. Remember, you matter. Bon appétit to a nourished soul! 🌟

#GorillaUnit ⚡️🦍⚡️

If Bitcoins are backed by energy who is the issuer of the coins and in what form will they deliver the energy and how much energy will the issuer deliver for each coin?

Gold is not "backed by energy" nor is gold "stored energy" or anything like that. Rather, the energy required to find, extract & refine gold is a limitation on supply. There is zero energy *demand* for gold. Nobody buys gold so they can go to the issuer of gold (God himself, or at least a supernova) and redeem each tz of gold for a certain volume of oil or a certain number of kilowatt-hours of electricity.

But, when the dollar was backed by gold this is precisely what happened. A perfectly valid way to get gold was to first acquire US dollars and then proceed to the issuer of dollars and exchange them for gold, at a fixed exchange rate and for a predetermined form of gold.

I'd say mix it up and listen to some music 🎶 and rotate back into the Bitcoin podcasts a few weeks later.

#BTC #Zap #Nostr #Bitcoin

I agree with that maxim but it doesn’t mean they’re wrong either. Being a fully decentralised ledger/system with a programmed issuance schedule all backed by tremendous amounts of energy make this the very antithesis of fiat.

Thankfully truth is not a popularity contest (although price may be, for a little while)

He's right but I suspect there's more content to the book than "buy Bitcoins"

Urgh kinda brutal hangover

Consistency beats everything else

Just keep showing up

His writing is amazing. Every sentence precise and dense with information.

Anyone here read this book? Absolute recommendation!

#bookstr

Winner

Name a bitcoiner without the letter “a”

Yummy 😋 #fishstr

Ever since around 2013/2014, bitcoin’s price has closely followed the rate of change in the growth of global broad money supply (M2) in USD terms.

In other words, from the perspective of macro investors (which are generally different than network users), it is the asset that best serves as a pure-play on changes in global liquidity. It’s a hedge against monetary inflation, not CPI inflation.

Notably, the dollar index relative to other major currencies strongly affects global monetary inflation.

So in order to have a view on price within any intermediate term timeframe (eg the people calling for new ATH prior to the next halving), it’s important to have a view on global monetary inflation and liquidity, because that is primarily where new external demand comes from.

Right now, bitcoin is a coiled spring on the supply side (fast money is out, coins have rotated towards strong illiquid hands), but the demand side (and thus the price) is largely a question of global liquidity.

I never really had any interaction with shitcoins , but tell me if I am right on this :

The BNB token is something that Binance uses to prop up the value of the company ?