MtGox coins total about 1 year of all mined bitcoin at current mining reward rate. US federal government has more than 1 year, 3 months worth of mining…
Thus, of all bitcoin coming to market over next 4 years, more than half is coming from Gox and Feds.
Thank you doc! I just wrote to John because i’ll be in Nashville soon, would be nice to see him :) so glad you still have my song! I just did a new one for the halving that hopefully will go on album 5 https://youtu.be/K5yDgEVafg8?si=ykd74gPRk8Un5DbC
I hope he’s doing well. I’ve never met him but I miss his podcast. Hope life has treated you well all these years…
Don’t worry: your dollar is backed by the full faith and remaining credit of the US federal government.
Or on second thought, buy bitcoin.
I miss nostr:npub167n5w6cj2wseqtmk26zllc7n28uv9c4vw28k2kht206vnghe5a7stgzu3r. Looking forward to next year.
This bitcoin sale is exactly what I needed. Add selling pressure from Gox and Germany and US Fed coins and miner capitulation and we have several months of price suppression. As I’m in my peak fiat mining years, this is good for me.
Mind blown. 🤯
Ya know how they say bitcoin changes you? Stuff like this is why.
Indeed. This is our protest against tyranny in its present amorphous diffuse and hidden form.
Happy violent government overthrow day my fellow rebel!
Happy violent government overthrow day my fellow rebels!
Giga chad Michael Saylor
I’m sure you’ve heard the phrase. But this can be a unit of measurement, as follows.
First, shorten it to:
Giga Saylor
Then cast in SI form and equate to his holdings of ₿210,000.
1 Gsaylor = ₿ 210,000 x 10^8 sats/₿
10^9 saylor = 21,000 x 10^9 sat
1 saylor = 21,000 sats
Which is roughly 10 bucks, something we can all relate to.
Thus, we can all relate to Saylor. Seems fitting.
We unfortunately live in a wild world. Be ready to kill always. Praying for safety.
Nope. Gox coins ($9B)and fed coins ($12B) are significant headwinds. https://platform.arkhamintelligence.com/explorer/entity/usg
Picked up another 0.01 bitcoin. Figured it was on sale. If discount grows I’ll move forward my DCAs a few months.
It’s the requirement part. If it’s not economical to recycle, then recycling laws are basically a weaponization of government to force action by others to guarantee profits of a recycling company.
Of course everyone hopes recycling actually happens, but this should happen without coercion.
I will never move to a house that has a homeowner’s association or a city that requires me to separate garbage and recycling.
May your bitcoin time continue to double!
In the old and foolish days of bitcoin, the general rule was “never sell more than half at a time.” This was naively said thinking that in 4 years you’d be back in the same place. But it didn’t work out that way…price rose so fast that you felt like you had even more…which made you feel ok spending another half. The reality is that once you first sell, you’ll never get back to a stack of that size.
A better rule would have been, hodl until you can’t and then see where you are and how best to raise lower quality funds like dollars when necessary.