I was writing an assy, twice, but deleted both.

So was able to put it in some 4 lines.

Deleted those too.

I won't touch this.

Sorry that is a fiat mindset and thus fiat solution.

How can we keep Bitcoin on the right track ?

It is not about trying to keep Bitcoin out of sight.

It is about stopping Government overreach and abuse !

Bitcoin is only sound money.

It doesn't protect you from bad weather, an accident, bad actors nor Government abuse.

Those are NOT aspects Money can or should fix.

Bitcoin can starve Government and in that way neutralize it.

But hoping or assuming Goverment won't fight that is naive.

One of the solutions is moving to a better jurisdiction.

Bitcoin enables that and by that way gives back the ultimate power to the people.

I'm not saying it is easy.

But freedom never came, nor will ever come, for free.

I have chosen, I stil run an old core version.

But that is a temporary workaround no solution.

So it is not as easy as choosing for BTH or BTC.

KNOTS is also not a real solution since it is basically one developer..

So even for those who agree on the issue, what is the solution ?

This will go over the head of most.

Who are you addressing?

Most understand and agree junk data shouldn't be any part of Bitcoin.

But that only makes sense if we can define both junk data AND non-junk data (I think/hope most core discussion is about what is non-junk since we don't know future needs ?).

OR just exclude all data OR allow verry limited data.. (as was the case so far ?).

This whole discussion feels like a redo of the block size war.

In the end it was 'simple': decentralization is the most important aspect for the base layer.

'We' should be able to formulate the same basic bottom line (understandable for most) for this discussion ?

Shouldn't any serious attempt had to be done without the hat, boots, belt 😇

I guess that's why I'm not there or public present 😜

I would hang there in my underwear 🫣

I'm not the brightest one.

But to the thermodynamics and fysics laws a perpetual mobile doesn't exist so a device/technology that goes even further and generates energy for free is hard to imagine.

Fusion could be a way for cheaper energy.

We should enjoy the pretty low energy cost readily available.

In the right location solar power with a battery system is already cheaper than most centralized energy solutions available in Europe.

It is not technically impossible to beat that private solar system but all overhead, bureaucracy, TAXES, waist etc makes those centralized solutions more expensive.

You expect to earn fiat (even use fiat) untill the day you die ?

I'm not even stacking for 11 years and close to exiting the fiat system 'completely'.

Using the system is supporting it in my view.

So one of the goals is to exit.

And on top of that those who see Bitcoin as a risk are in the known.

Don't ever think they are not hard at work to protect their position.

They have power and unlimited money to throw at it.

It is not some game.

That are things most people can grasp.

But if one realizes fiat is debt... 🤔

What exactly is it, if people are saving in fiat 🤷‍♂️

To next realize inflation is good for those saving accounts since it reduces the real value of that pile of debt 🤯

But Bitcoin is hard to understand and a risk 😇

Most shitcoiners seem to ignore the fact that the best chances for them to have some gains is #Bitcoin ripping way higher.

Once they realize this, and set aside their pride and gambling addiction, they become Bitcoiners.

If they also throw in some serious study time they become a #Bitcoin Maxi.

Than it is just a matter of time to add toxic to their title.

To be honest it was a long journey and still ongoing.

The first seeds where planted at school when I was like ~16.

One teacher explained how a mortgage works and that most pay their house 3 times.

One time for the principal to be paid back and two times that amount in interest..

I'm in Europe, we have mortgage of ~25 years and interest rates between ~2.5 and ~10% over the last ~30 years.

So I started my career with a mortgage that was insane low according to my advisor, who also accused me of "thief of my own wallet" for not taking a mortgage based on stocks, I refused additional money for renovations and even a car passed by as option, and I demanded a shorter period than usual that I even surpassed by making more deposits than required.

All that made money available for saving and I saved in physical Gold and Silver (I did understand inflation and roughly how the fiat system worked).

I was quite late with Bitcoin and still remember that arguments against Bitcoin in Gold forums made me realize the same argument I heard before against Gold.

Once diving into Bitcoin all pieces became together.

I never was the smartest guy in something special, but always wanted to understand the basics of most everything I run into.

That helped enormous with understanding all those aspects involved with money.

In those 30 years I have met some 10 guys who roughly understand the system.

And to my frustration one of them, I regard as one of my best friends, I haven't been able to explain Bitcoin.

He is well protected so I can live with it, but still....

I'm stubborn enough to say out loud to any audience they are probably wrong.

And some baggage picked up early on defined who I am.

But one needs some people who you can talk to who also understand and agree (well I do).

But being right is not always appreciated.

Earning more money than others is also not helping.

Retirement 10 years ahead of people making twice the money you earn and having tried to explain things early on is somehow also not helping.

And in general realizing how things work in a messy world (completely fucked up, is scaring most people away instantly) is also not always easy.

No clue what age you are, but you need some mental protection against all that.

If older one is hardened a bit more but time is running out quickly.

If younger things can be overwhelming but you have way more time to get things in order.

Well that was a short introduction 😉

The fiat pitfall.

More 'money' is better.

Doesn't matter it has to be created.

Doesn't matter if debt is pulling in wealth from the future.

#Bitcoin fixes this.

We can continue the fiat mindset untill it implodes, or embrace a more healthy more sustainable way forward.

Even with sound money human nature is pretty fucked up.

But combined with fiat, that removes most of the breaks, we are going for assured destruction and at high speed.

If one truly understands #Bitcoin he would realize every single #Bitcoin not in private ownership (have your own private key) increases the risk of derivatives taking over or at least give way to manipulating #Bitcoin price setting.

So anyone willing to increase the risk of undermining #Bitcoin is, in my view, not #Bitcoin worthy.

We should know by know that every inch given to manipulation, abuse, maximize fiat gains, concentrate power, will at some point in time be used by the wrong people.

It is getting clear we come to a point we have to choose.

And if we are honest that is going to be a pretty binary choice.

Freedom is never possible without a price to pay.

A free lunch is tempting until you admit it doesn't exist.

#Bitcoin is an insane free gift.

Most likely it will be a one time chance to use it.

We shouldn't fuck this up.

You are so right, Sign of times 😇

Probabilities needs deep understanding, critical thinking, taking responsibility, and so on.

Stories, are cheap, easy, many to choose from, almost instantly, no responsibility, and so on.

#Bitcoin is a test, a filter, but more important to mankind than most realize.

That is why we need to keep educating !

#Bitcoin so far has been one big omega candle...

Most don't realize their necks are being broken continuesly by two things:

#Bitcoin deflation

#Fiat inflation

Both things separate are happening at the same time.

But since most compare those two, only see the combined effect.

The goal is to get as much exposure to #Bitcoin as possible and both reduce the exposure to fiat as much as possible.

If done full force, for the average person, some 10 years will roughly be sufficient to isolate oneself.

It isn't easy, and I question those who say it is...

It is not all those details and facts alone.

One also needs a few friends at roughly the same level to keep you sane.

A lot of the discoveries can be overwhelming.

Is this really how this world works ?

How can it be almost everyone just believes all the Shit out there ?

I can't imagine any sane person doesn't have those questions on their mind and needs someone to talk about it.

Expect you will 'lose' some friends and even family, make sure you get some (the right ones) others back....

On the technical stuff, understand what you do.

To much complexity will lose coins.

I don't think any step is especially hard, but there are so many..

There is plenty of help out there.

Watch those videos read the stuff untill you understand !

Only than proceed.

Everyone needs a special state of mind (sorry I didn't vote for it).

Every step you take, every mail, phone call, conversation, you need to be aware there could be someone after your coins.

It needs to become basic thinking:

No one is going to send you two Bitcoin back if you send them one.

I know it sounds stupid but many fell for such a simple scam.

You never enter your seed into any device or share it with anyone.

Your HW wallet creates the seed and you make a safe backup (test the backup, and understand what that safe means ).

You will only enter your seed into a new HW wallet if you lose your original HW wallet.

All these things are pretty straightforward but there are many of them (how to get and what HW wallet etc etc), and making a mistake or not understanding each step can be devastating.

You can do this, once going, there is no way back !

Holding for some 10 years means you can't be in a bad situation ?

Perhaps your goals/expectations are the biggest issue ?

What is LN not delivering what was promised?

Lots to contemplate, like what is the goal of your post ?

I now and then still get that old remark "you are trying to pump your bags via me", but nowadays I need to laugh.

If you could pump my bags you neither would be needing nor be getting any financial tips from me..... 🤷‍♂️

I think the first halvings were "supply shocks".

The sofar visible 4 year pattern was the result.

The next phase will probably be the "demand shock".

That phase will see way more demand than supply is willing to give.

Right now Strategy on it's own is buying more than all mining can provide...

All other demand has to be satisfied by holders.

Demand is only increasing but supply will not.

This basic principle (more demand than supply) can only mean higher prices.

For me the most realistic scenario is way more demand.

We only have a few companies (only one all in) and even less Governments tiptoeing into #Bitcoin.

The demand side is huge while the supply side is only getting smaller.

In my view we are getting ready for a "#Bitcoin panic".

Chances of all capital sloshing around in search for some gains will continue to smoothly flow into a absolutely hard capped commodity is very small.

If all capital starts to panic flow into that same hard capped commodity just to prevent the utter destruction caused by even more, let alone hyper, inflation, crazy things are a guarantee.

I tend to agree.

Intill a year ago individuals where 90% of the market.

Then came Microstrategy and Blackrock.

The where just the first to show the way.

Right now we can see others enter.

Six months back we had months where only 2 to 3 new entities entered #Bitcoin.

Last month we saw that increase to some 25 new entities.

It simply means we are preparing to enter the steep part in the S-curve.

It would be a 6 sigma event if this steep S-curve would not be chaotic.

Only a few can imagine what will happen if demand breaks supply.

We never before had a hard capped money.

When a few realize this is going to be a 'once in many generations chance' to accumulate it, things will go insane.

Imagine a Saylor with a printing press at hand.........

We won't be talking about one guy buying once a week with just a $ billion...

We will be talking about several central banks buying continually with virtual unlimited fiat.

The biggest impact won't be the #Bitcoin price..

The biggest impact will be hyperinflation for all fiat.

And that will cause even more #Bitcoin panic buying.

We are not ready.

Anything below $1mil a coin will be considered a dip not that far in the future.

At that time do you think you will waist any time worrying you bought at $100k or $120k ?

I was wondering if I could find the #Bitcoin value that is waiting in the mempool to be settled.

But I can only find the~ fees value.

Anyone knows a site that calculates the total value, $ or Bitcoin, waiting in the mempool ?

Imagine,

buying a shitcoin,

just to see your money being used to buy the real thing,

to be put in the owners pocket of that shitcoin....

Myself I prefer the 60% Satoshi, 40% Bitcoin strategy.

It is not just that.

Derivatives have taken over the pricing mechanism and not trading physical Gold.

One of the reasons to own your keys.

Bitcoin is released, now we need to prove we are worth it.

I like to believe/trust as well...

But #Bitcoin is about verifying.

Since so few can (me mostly included) perhaps it is time to freeze the Bitcoin release ?

I don't trust democracy anymore, I have seen that most people are corrupt-able or else can be blackmailed way too easy.

I mean, the freedom of mankind is at stake....

We are drowning in shitizens 🫩

We don't know what is happening exactly.

But if we plebs use #Botcoin the right way (hodl your own keys) manipulation is limited and risky.

All they can do is throw unlimited fiat money at it.

And the one thing that will cause, in the long term, is price going up.

I don't care if Strategy is actually owning those #Bitcoin.

The signal they give is clear, owning #Bitcoin is the way to go.

Others will follow as is happening.

Settling for IOU-Bitcoin is their risk not mine.

The fiat masters have fooled the whole world for several generations now.

Let's hope they became arrogant and fuck up big time.

All manipulation will cause #Bitcoin to coil up.

It will either win and explode or die.

If derivatives can take over we lost.

It means we where not ready for Bitcoin.

It will mean an unknown period of dystopia.

That is why fighting for #Bitcoin makes sense.

Own your keys, starve the beast.

It is hard to ignore the fiat world.

Especially since they more and more come after #bitcoin (tax🤬).

I'm so sick of it I'm again thinking/preparing to move to a better Jurisdiction.

I just can't support the fiat system anymore.

Basically you have #Bitcoin maxis and #Bitcoin maxis in the making.