There was a twitter hack yesterday ?!?

I made some seed phrase plates for a couple of friends who are just getting into #Bitcoin . Just making sure they progress past the “my seed phrase is on a bit of paper” stage. A while ago I salvaged some 2mm stainless steel angle that was part of on old BBQ someone had thrown out. No fancy tools, just a hack saw, a file, a hammer and a letter punch set.

#notyourkeysnotyourcoins

Good fucking idea, but I wouldn’t give a fuck even if it existed 😂😂😂

Good fucking Morning! I say “fucking” because I can, not because I want to! Exercise your freedom or lose it forever! Now, LFG! 😂🚀🚀🚀☕️☕️☕️

Few things hurt me more than when I watch people not value the presence of someone they say they love. Didn’t happen to me. Witnessed it earlier today and felt a tightness in my chest for the person. ❤️‍🩹

Hot dogs on the fire. Yay or nay?

#foodstr #food #firepit

Just saw an up and coming #bitcoin podcaster (10k subs) interview someone by the name of George Bodine. George’s claim is that if you buy 0.1 of a BTC with a market value of $10k, that in 20 years it will be worth $64 million. His logic is to use a Compound Annual Growth Rate calculator with the parameters set to $10k value at 55% CAGR for 20 years. I ran the numbers and it is $5.59 million, not $64 million.

More importantly, CAGR assumes that interest is paid annually over the life of the calculation and is added to the principal. This then creates the compounding effect, where as each year passes interest gets paid on a bigger principal amount. Problem is that you don’t get paid interest when buying and holding bitcoin. Your original BTC purchase stays the same for the 20 year life and no compounding is taking place.

There were over 130 replies to the video and not one pointed out these flaws. I replied with examples of the math and logic and the podcaster himself responded by saying that “BTC has a fixed supply.”

This is a great example of how someone is trying to measure bitcoin with a fiat currency system. It doesn’t work. In fact it creates a type of FUD that doesn’t help the bitcoin cause or the credibility of either of the parties involved. The bitcoin price in 20 years will be what it will be… 1 BTC = 1 BTC. Do your research! 🙏

Someone who enjoys being public facing needs to do psa that’s like:

Your attention is being sold - take it back.

You don’t need social media - you need communication.

You don’t need algorithms - you need discovery on your terms.

You don’t need advertisers - you need meaningful interaction.

gn

Lately it’s been feeling like the Emperor is dead and the Death Star was destroyed.

What do the Rebel Forces do now?

What evil lurks in the next frontier?

#Bitcoin

My first post

#introductions