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WhiteRabbit
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#bitcoin

I see people on bird app posting about what they drive so i thought i'd restart the thread on Nostr.

Me? F150 for daily. Cayman S (981) for fun.

Stay humble and stack bitcoin (derivatives).

Said nobody.

One is pretend money controlled by a very small group of people behind closed doors and they can steal from existing currency holders any time they want. The other is used in a board game.

It boggles my mind how people like Alex Thorn still think ETH is a commodity. Dude must have heavy bags.

Can't wait for the judge in the Coinbase case to determine Ethereium is an ultrasound... security. šŸ¦‡šŸ”’

Yep exactly. 21mm hypothetical but realistically probably closer to what you said.

This is the last decade bitcoin will have a block reward greater then 1 whole coin. The inflation rate of new bitcoin supply will also plummet to 0.20% which gives it an inflation rate roughly10x less than gold.

I think Saylor calling this the gold-rush era of bitcoin is apt. 8.1 billion world citizens and 21 million bitcoin.

I mean technically you're not wrong. It was just the tip of this candle

We have lightly penetrated 70k.

People simping for Vitalik to fix their etherium shitcoin. We are still so early.

Thank god for Satoshi and good riddance. Bitcoin has no leaders

Could the ooordinullz fanz please deploy more VC capital directly to the mempool please? My miner is hungry for your sats. kthx

Yea it’s like I’m not even advocating to never sell your bitcoin just never sell more then you need. Way to blow an asymmetric bet that will cost him and his kids 10’s of millions of dollars

Replying to Avatar HODL

A story that illustrates why I will never orange pill anyone ever again.

2015- Attempt to orange pill friend multiple times. No dice. Totally uninterested.

2019- He asks me if now is a good time to get into bitcoin. ā€œIt’s always a good timeā€. I set him up with a HW wallet and tell him DCA and chill.

2019- Friend calls me a few months later, he wants to put the down payment money for his house into bitcoin, but he’s nervous. I say no worries I will backstop your investment. What’re friends for?! I want you to succeed. He now has a no risk investment. Financed by me.

2020: Friend is doing well. Has been stacking hard and has 2 coins. A great stack for his income.

2021: He starts watching cringey YouTube videos about shitcoin trading. Gets into a private telegram, trades his 2 bitcoin into 4 and then gets rug pulled and loses everything.

2021: He’s near suicidal, very dark times. He doesn’t tell me anything because he knows I warned him about trading and thinks I’ll be disappointed in him. Finally he tells me. I help him get a personal loan so he can take advantage of the remainder of the bull run. He sells at 55k and manages to break even. He’s not up but he’s got his house money back.

2023: We’re out drinking with some other friends from high school. He expresses some jealousy towards me in a semi awkward fashion. ā€œEvery time I see this dude (me) I think about bitcoin.ā€

2024: I meet up with him so the kids can play at the park. Vibe is off. Lots of insecurity and tension. They’re going on a trip to San Diego and I ask if they might go to the zoo while there. ā€œI can’t afford that. That’s for rich people like youā€. Odd interaction, but I shake it off.

2024: A few weeks later he gets drunk and hits on my wife via text messages. She shows me immediately and I confront him. He’s like ā€œsorry bro I was drunk I didn’t mean itā€. I tell him off and make clear this is the last time we will ever speak.

No good deed goes unpunished. I could not have been nicer to this dude and more helpful along the way and he is fully consumed by envy towards me.

Unfortunate.

Tangential story - i have an old friend that got into bitcoin at the same time as me in 2013. Has a good fiat job that affords him a very comfortable life. Bought maybe a few coins early on. Just bought a new house and decided he was going to pay it off in full with his.... bitcoin. Same guy that still holds litecoin because of diversification.

When i heard it my mind nearly melted. You turned down the fiat financed at ~7% to take 100% of the upside off from bitcoin. Very likely those coins he burned to avoid the 7% rate right now will be worth 100x at the loan maturity.

Of course this guy is an MBA but he has lost the ability to think.

Replying to Avatar HODL

A story that illustrates why I will never orange pill anyone ever again.

2015- Attempt to orange pill friend multiple times. No dice. Totally uninterested.

2019- He asks me if now is a good time to get into bitcoin. ā€œIt’s always a good timeā€. I set him up with a HW wallet and tell him DCA and chill.

2019- Friend calls me a few months later, he wants to put the down payment money for his house into bitcoin, but he’s nervous. I say no worries I will backstop your investment. What’re friends for?! I want you to succeed. He now has a no risk investment. Financed by me.

2020: Friend is doing well. Has been stacking hard and has 2 coins. A great stack for his income.

2021: He starts watching cringey YouTube videos about shitcoin trading. Gets into a private telegram, trades his 2 bitcoin into 4 and then gets rug pulled and loses everything.

2021: He’s near suicidal, very dark times. He doesn’t tell me anything because he knows I warned him about trading and thinks I’ll be disappointed in him. Finally he tells me. I help him get a personal loan so he can take advantage of the remainder of the bull run. He sells at 55k and manages to break even. He’s not up but he’s got his house money back.

2023: We’re out drinking with some other friends from high school. He expresses some jealousy towards me in a semi awkward fashion. ā€œEvery time I see this dude (me) I think about bitcoin.ā€

2024: I meet up with him so the kids can play at the park. Vibe is off. Lots of insecurity and tension. They’re going on a trip to San Diego and I ask if they might go to the zoo while there. ā€œI can’t afford that. That’s for rich people like youā€. Odd interaction, but I shake it off.

2024: A few weeks later he gets drunk and hits on my wife via text messages. She shows me immediately and I confront him. He’s like ā€œsorry bro I was drunk I didn’t mean itā€. I tell him off and make clear this is the last time we will ever speak.

No good deed goes unpunished. I could not have been nicer to this dude and more helpful along the way and he is fully consumed by envy towards me.

Unfortunate.

Guy has loser syndrome. Sad to see some people in life just take L after L no matter how much you try to help them. 10/10 for bro help attempt but ultimately best to sever the relationship due to chronic loser syndrome.

The lower the price, the faster GBTC holdings get deploted.