Yes I think that's the big influence in the era, culminating in the hyperinflation in Germany in 1922. I think the implication of the chart you posted that the Fed is directly responsible for all devaluation of the dollar is quite disingenuous--the two big policy changes regarding gold in 1933 and 1971 are more direct causes.
If you haven't seen it yet, this is a great site: https://wtfhappenedin1971.com/
Thanks Huey
Yea maybe it's because fed creation in 1913 and soon after is WW1 in 1914
So perhaps inflation went up like crazy during WW1
Dear Nostriches. Please help to share your knowledge and wisdom to me
I'm trying to understand this chart.
I understand that paper money value should go down as more of it is being printed. simply more money chasing the same amount of good
-so I understand if dollar value decreased post 1971 because it became fiat and can be printed freely
-I kinda understand its value goes down after bretton woods agreement, as it may actually being printed more than the amount of gold reserve the fed have
-but I don't understand what is causing the sharp drop soon after the fed is created? does anyone know what happen there? link to sources of the history lesson will be really appreciated. will send some zap, not much but its a zap :D
Stolen from blue bird
been diving into zapskis.com and just read Satoshi quote below regarding 51% attack
does this mean that 51% will be more likely as subsidy incentives for miner goes down?
or it isn't the case as it actually goes up even post halving since we should think about it not in bitcoin terms but in the terms of what Bitcoin can buy?
"The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth."
Watching Jeff Booth on 'What Bitcoin Did'
30 minutes in, and he mention about 'people forget'. It strucks me personally
Indonesia currency devalued like crazy back when Soeharto resigned as president. But people forget, and moved on with rupiah still.
Too many manga nowadays are about Isekai / reincarnation / getting 2nd chance at life
This trend may be due to the problem caused by fiat world that is getting worse and worse and new mangaka/novelist create this dream of getting out of our current world because fiat world is hopeless for them and we need hope on another kind of world.
May hyperbitcoinization happen so that mangaka may dare to dream about other kind of theme and less about isekai
So when are we going to get below 10 sat/vb
The appropriate reaction upon seeing the bloodbath on shitcoinery
If I were in his position I'd be tempted to put more tax on processed food, less tax on non processed food. The more process there is the higher the tax
Put more tax on advertising and financial industry, less tax on industries that actually produce the goods.
But that would make me a hypocrite instead of a libertarian..
Ever since work from home is implemented. I've been indoor too much, lately I got sick easily unlike before. I've been visiting doctor so many time and taking too many antibiotics and vitamins pills. Im tired of it
In the past 3 days I started to do morning and evening walk for an hour, sauna for 20 minutes, and light excercise for 10 minute. Im starting to feel better now, still coughing a bit sometimes but its become a more rare occurrence.
Lesson learned, less medicine, more excercise.
#plebchain
What's the difference between doing
1. Seed phrase + passphrase number 10 (BIP 39)
Vs
2. Seed phrase + index 10 (BIP 84)
???
If they at the end of the day achieve the same thing which is generating a new wallet even though it results in different wallet, why do we need 2 BIP to achieve the same thing?
I don't get it. Can someone please help me understand?
🤣🤣🤣🤣🤣
Hi Bitcoiners
Why do BIP-84 need to exist?
If I can already create unlimited wallet using passphrases (BIP-39) from a single seed phrase. Why do I need BIP-84 to create another wallet? Why not just simply use BIP-84?
1056 BTC gone to miner.. 😂😂
Always :D
It's my favourite manga. I believe one piece and Bitcoin share similarity about liberty/anarchy.. to me Luffy is the embodiment of freedom, his character is about freedom
Nice to see that you are also an Anime/Manga fan. Do you also watch/read One Piece
Their alternative to aura which is Haki is also interesting
GM PV Nostriches
Can someone enlighten me about ARK with layman terms for non tech person.
I read that the protocol introduced an intermediary called Ark Service Provider (ASP). So does this mean ARK protocol centralised?
GM PV Nostriches
Stay humble and stack sats, and maybe order a couple of pizza to celebrate the day
😂😂😂
DeCenTrAliZeD
My son if he find out that he will have bitcoin for inheritance if I die
https://nostr.build/av/786c61dcbd5fa65639527c49fa50d937bcf50ad28cc50191a745058153a1fc79.mp4
Both are shit
Welcome to the world of meme coin trading 👌😂
https://nostr.build/av/e138710009141fdc7ac50f6cc96f3f440a27c31d92bbcc44e867711089d3daa2.mp4
So good. How can I download this
Yes. 0.3 BTC is more than enough in a hyperbitcoinization world. That makes you top 1% holder out of 8bn population already
Yes. I think there has been a proposed mechanism to prevent empty block being mined though. Not sure how that goes and whether the proposed solution is actually feasible and make sense
At times like this when fee is high (yes 40sar/vb is still high I think)
Seeing empty block mined on mempool just hit different 🥲
Finally got the time to play around with my ColdCard MK-4
Just created a 2/3 multi sig wallet using nunchuck and a single ColdCard with BIP84 path, then tested to recreate the same wallet on another device to test recovery scenario and it work beautifully.
Getting out all funds from exchange soon, especially the one I'm allocating for my son. He is going to be allowed to access it 19 years from now or when he is mature enough
It has been a very tiring couple of weeks. No time for nostr lately.
But I'm back now. What do I miss?
Is #footstr still a thing?
Bitcoin belong in the brain / seedplate.
sHitCOiN' belong in the ass
He store sHitCOiN' where shitcoins should be
