Thanks! I thought it had to do with the holiday 😉

What is a mini holi session? Yoga teachers unite!

write new or check the sidebar 🙏

8-hour drive to #Guatemala? 🇬🇹 Totally worth it! nostr:npub1tw4am7vzwl3akmyg4cwny27x8ltrwajrwrsate872gnpqnvzqd8s3f6nwr is beautiful. Can’t wait to explore the area & to spent some #bitcoin here. 🧡

binaries will be available at end of month for purple subscribers and everyone else soon after, but you can compile it today on all those platforms.

notedeck is currently working on:

- macOS

- linux

- windows

- android tablets/phones (no keyboard atm tho)

Only thing left is ipad and ios 😎 and maybe tv?

pretty cool to see this working without any web tech and without too much tweaking on each platform. nostr:note12lc7cc0jn5q7y9cs3x42s6jrd98qttrg2pa60d2quxuk3520ghpqpcg9jg

notedeck is currently working on:

- macOS

- linux

- windows

- android tablets/phones (no keyboard atm tho)

Only thing left is ipad and ios 😎 and maybe tv?

pretty cool to see this working without any web tech and without too much tweaking on each platform. nostr:note12lc7cc0jn5q7y9cs3x42s6jrd98qttrg2pa60d2quxuk3520ghpqpcg9jg

The majority of people have a strong tendency to want to be part of something that is bigger than themselves. It is why they not just get up in the morning, but why they are *energized* to get up in the morning.

Clans and religions were among the earliest bigger things. People know that they will die, and so they invest into their descendants, honor their ancestors, and contemplate metaphysics and the nature of life. Many people will willingly sacrifice themselves for their children or for their highest ideals because of this.

In the modern era of printing presses and telecommunication systems, there is also a broader set of choices for people to group together around, either combined with those other ones or sometimes instead of them. Sometimes they choose nationalism. Sometimes they fight for a political ideology that transcends borders. Sometimes it is a professional guild or professional recognition. Sometimes it is the environment. Right or left or anywhere in between, you can often tell what someone adheres to as their highest ideal.

A powerful exercise is to 1) identify what you feel a part of in the bigger sense (it could be a few things) and 2) whenever someone’s behavior confuses you, stop and think about what they likely feel a part of in a bigger sense, if anything. You might feel that what they associate with is fucking retarded, but if you can at least identify it, then that is the first step toward successful communication and debate and rebuttal.

Using myself as an example, my professional experience is in a combination of engineering and finance. Separately, my ethical philosophy is grounded in virtue ethics (that’s a whole other longwinded topic), and as a result, what I feel a part of in a bigger sense is various social movements and protocols that utilize technology to bring financial autonomy to people. That’s where I put my time and capital toward.

Successful commerce involves the combination of value and communication. Therefore, I want people to be able to communicate freely and transfer value freely. As such, I strongly associate with the leading technologies in those fields, such as Bitcoin and Nostr.

If I thought they were weak, I would sympathize with them but not invest in them or have much hope for them. That was my view for a while. But if I view them as technically capable and achieving of network effects, then my rationality combines with my sympathy and becomes full support.

I don’t care what peoples’ race, sex, orientation, ethnicity, or nationality is. Instead, what I care about is doing whatever tiny part I can to bring technologies to people that allow them to transfer value and information to others, or to educate people on those technologies, etc. That is where my time and capital is focused on. Outside of family, that is what makes me energized in the morning to work toward.

What is yours?

𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝟱𝟬 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗲𝘃𝗲𝗿 𝗺𝗶𝗻𝗲𝗱 𝗰𝗮𝗻 𝙣𝙚𝙫𝙚𝙧 𝗯𝗲 𝘀𝗽𝗲𝗻𝘁?

𝘕𝘰𝘵 𝘦𝘷𝘦𝘯 𝘚𝘢𝘵𝘰𝘴𝘩𝘪 𝘤𝘰𝘶𝘭𝘥 𝘴𝘱𝘦𝘯𝘥 𝘵𝘩𝘦𝘮, 𝘪𝘧 𝘩𝘦 𝘦𝘷𝘦𝘳 𝘤𝘢𝘮𝘦 𝘣𝘢𝘤𝘬.

Few understand this. But here’s why👇

Whenever a miner finds a block, they receive the subsidy of new bitcoin as a reward, along with transaction fees. Originally, this subsidy was 50 bitcoin. After a few halvings, it is now 6.25 bitcoin.

The very first block, the Genesis Block, awarded Satoshi Nakamoto with the first 50 bitcoin, but 𝘁𝗵𝗲𝘆 𝘄𝗶𝗹𝗹 𝗳𝗼𝗿𝗲𝘃𝗲𝗿 𝗯𝗲 𝘂𝗻𝘀𝗽𝗲𝗻𝗱𝗮𝗯𝗹𝗲. The reason for this lies in a rule that all miners must follow.

When a block is found, the bitcoin from the subsidy is not immediately spendable. It must wait at least 𝟭𝟬𝟬 𝗯𝗹𝗼𝗰𝗸𝘀 to “mature”, before the miner can spend it. This coinbase maturity does not apply to the transaction fees, however.

The way these blocks are counted, maturity is measured starting from the block before they were mined. So if you found block 800000, the count of 100 blocks would begin on that block, by referencing block 799999 as “block 0” in that count.

The Genesis Block had no block before it, so without a reference point, Bitcoin’s protocol will never be able to count 100 blocks for those first 50 bitcoin to mature. For this reason, 𝘁𝗵𝗮𝘁 𝗨𝗧𝗫𝗢 𝗶𝘀 𝗹𝗼𝗰𝗸𝗲𝗱 𝗳𝗼𝗿𝗲𝘃𝗲𝗿.

This is another way that Bitcoin’s earliest days contrast with that of many altcoins. Not only did Satoshi not mine in secret, or have premine to give himself and his friends new coins without doing any work, 𝘩𝘦 𝘴𝘢𝘤𝘳𝘪𝘧𝘪𝘤𝘦𝘥 𝘵𝘩𝘰𝘴𝘦 𝘧𝘪𝘳𝘴𝘵 50 𝘤𝘰𝘪𝘯𝘴 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘨𝘰𝘰𝘥 𝘰𝘧 𝘵𝘩𝘦 𝘯𝘦𝘵𝘸𝘰𝘳𝘬.

Did you already know that? Imagine *you* had 50 bitcoin, but they could never be spent.😳

Give this a 𝗟𝗶𝗸𝗲🤙 and a 𝗦𝗵𝗮𝗿𝗲🔄 so others can learn about this, too.

Finally have my own Start9 Node up and running.

Bitcoin Core, LND and Nostr private relay thusfar.

GM

𝗕𝗿𝗮𝗰𝗲 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝘃𝗲𝘀: 𝗧𝗵𝗲 𝙈𝙤𝙨𝙩 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗛𝗮𝗹𝘃𝗶𝗻𝗴 𝗶𝘀 𝗖𝗼𝗺𝗶𝗻𝗴

This Spring, the subsidy of new bitcoin in each block will be halved from 6.25 to 3.125 BTC. This halving event happens a little less than every 4 years:

- On 28 November 2012, the block subsidy was halved from 50 to 25 BTC

- On 9 July 2016, the block subsidy was halved from 25 to 12.5 BTC

- On 11 May 2020, the block subsidy was halved from 12.5 to 6.25 BTC

- And this Spring, the block subsidy will be halved from 6.25 to 3.125 BTC.

So why will 𝘵𝘩𝘪𝘴 upcoming halving be so historic?

It all comes down to 𝘁𝗵𝗲 𝗦𝘁𝗼𝗰𝗸-𝘁𝗼-𝗙𝗹𝗼𝘄 𝗿𝗮𝘁𝗶𝗼.

Let me explain⬇️

A lot has been said about the Stock-to-Flow ratio ("S/F ratio" from now on). Ever since nostr:npub15wcvuhts6rdj9zzhq6etru2yc6ry5ljg9zk070u0q89xk065452sjvqy0q designed the model in early 2019, some have contended that it’s a useful indicator of future price movements. Others would point to the price divergence starting in 2021 as evidence against that theory. Time will tell which view is correct.

Regardless, the idea of a S/F ratio for any asset is still a key part of economics. Essentially, 𝗦/𝗙 𝗶𝘀 𝘁𝗵𝗲 𝗿𝗮𝘁𝗶𝗼 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝘁𝗵𝗲 𝗮𝗺𝗼𝘂𝗻𝘁 𝗼𝗳 𝗮𝗻 𝗮𝘀𝘀𝗲𝘁 𝘁𝗵𝗮𝘁 𝗵𝗮𝘀 𝗮𝗹𝗿𝗲𝗮𝗱𝘆 𝗯𝗲𝗲𝗻 𝗺𝗶𝗻𝗲𝗱 (the 𝘴𝘵𝘰𝘤𝘬), 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗮𝗺𝗼𝘂𝗻𝘁 𝗼𝗳 𝘁𝗵𝗮𝘁 𝗮𝘀𝘀𝗲𝘁 𝘁𝗵𝗮𝘁’𝘀 𝗺𝗶𝗻𝗲𝗱 𝗶𝗻 𝗮 𝘆𝗲𝗮𝗿 (the 𝘧𝘭𝘰𝘸). By dividing the total supply by the amount mined in a year, you arrive at the number of years it would take to reach the total supply again.

Historically, 𝘵𝘩𝘦 𝘩𝘪𝘨𝘩𝘦𝘳 𝘵𝘩𝘦 𝘚/𝘍 𝘳𝘢𝘵𝘪𝘰 𝘪𝘴 𝘧𝘰𝘳 𝘢𝘯 𝘢𝘴𝘴𝘦𝘵, 𝘵𝘩𝘦 𝘣𝘦𝘵𝘵𝘦𝘳 𝘪𝘵 𝘪𝘴 𝘢𝘵 𝘴𝘵𝘰𝘳𝘪𝘯𝘨 𝘷𝘢𝘭𝘶𝘦. For example, the S/F ratio of gold is approximately 62, which means it would take about 62 years to double the total supply of gold, using modern methods for mining. In all of human history, no kind of money (salt, seashells, rai stones, etc) has ever had a higher S/F ratio than gold.

Now, 𝘯𝘰𝘵 𝘦𝘷𝘦𝘳𝘺𝘵𝘩𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘢 𝘩𝘪𝘨𝘩 𝘚/𝘍 𝘳𝘢𝘵𝘪𝘰 𝘸𝘰𝘶𝘭𝘥 𝘸𝘰𝘳𝘬 𝘸𝘦𝘭𝘭 𝘢𝘴 𝘮𝘰𝘯𝘦𝘺. Titanium, for instance, has a S/F ratio of about 107, but it was never used as money because it was first discovered as recently as 1791, and has always been too hard to mine to be useful as money.

Even though Bitcoin only started in 2009, it was easy to mine in the beginning, and it’s the first asset to have 𝘢𝘭𝘭 the desirable attributes of money. And no matter how many people mine it, Bitcoin follows a strict issuance schedule, and its S/F rises roughly every 4 years after each halving.

Currently, Bitcoin’s S/F ratio is around 59, which puts it pretty close to gold’s S/F ratio of 62. But thanks to the halving cycle, 𝗕𝗶𝘁𝗰𝗼𝗶𝗻’𝘀 𝗦/𝗙 𝗿𝗮𝘁𝗶𝗼 𝘄𝗼𝗻’𝘁 𝘀𝘁𝗼𝗽 𝘁𝗵𝗲𝗿𝗲.

After this next halving, BItcoin’s S/F ratio will jump to about 𝟭𝟮𝟬, and approach 𝟭𝟮𝟰 before the following halving. 𝘛𝘩𝘪𝘴 𝘮𝘦𝘢𝘯𝘴 𝘵𝘩𝘢𝘵 𝘢𝘧𝘵𝘦𝘳 𝘵𝘩𝘦 2024 𝘩𝘢𝘭𝘷𝘪𝘯𝘨, 𝘩𝘶𝘮𝘢𝘯𝘪𝘵𝘺 𝘸𝘪𝘭𝘭 𝘩𝘢𝘷𝘦 𝘢 𝘮𝘰𝘯𝘦𝘺 𝘸𝘪𝘵𝘩 𝘢 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵𝘭𝘺 𝘩𝘪𝘨𝘩𝘦𝘳 𝘚/𝘍 𝘳𝘢𝘵𝘪𝘰 𝘵𝘩𝘢𝘯 𝘨𝘰𝘭𝘥 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙛𝙞𝙧𝙨𝙩 𝙩𝙞𝙢𝙚 𝙚𝙫𝙚𝙧. 🤯

No money has 𝙚𝙫𝙚𝙧 had a higher S/F ratio, and was therefore a better store of value, than gold. But this Spring, that changes 𝗳𝗼𝗿𝗲𝘃𝗲𝗿.

But what do 𝘺𝘰𝘶 think?

Is this halving going to be the most momentous of them all, or will another one be more significant? Perhaps the first block without any subsidy, block 6,930,000, will be more important, but what’s 𝘺𝘰𝘶𝘳 opinion?

Let me know in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀👇

And make sure to 𝗟𝗶𝗸𝗲❤️ and 𝗦𝗵𝗮𝗿𝗲🔄 this, to spread the word about the next halving!

Anytime you find yourself arguing about something gender-related, for or against, stop and think about how few times this has actually happened in real life. This has become a big national political issue, but what percentage of your monthly interactions in the past year have included pronoun or similar disagreements between yourself and someone else *in person*?

Somehow, I have reached age 36 and this has not once been an issue in real life. Has it ever been an issue in your life? Unless you live in like one of four cities in the world or have the unfortunate role of being a liberal arts college professor, probably not. Let them deal with it.

Social polarization is a method of control by those with the money, so that you focus on something other than the money. They create theoretical problems to distract you from something more important.

For this decade in particular, it is important to focus on the money. Show empathy and tolerance and love and acceptance toward all, and really just be based, but focus on the money. Because that is what they are trying to distract you from, like a magician.

Anyway, good night.