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Satosha
5af0794606a15b5641e25aa23d04af4cb0d7d5e68b11cacb47e56a4698fca8c4
Poetic Rendition of Bhagvad Gita https://fountain.fm/show/RHSFZsKQoCZYJw6pURzp Deep Dive with Gemini https://fountain.fm/show/7LBvZT6ffpGyubvk8aSF

There is a 58 k gang - they buy at 58

There is a 69 k gang - they sell at 69

#Volatility is life

#bitcoin

While the world breaks their head over #bitcoin ideology .. #nostr expands - slow , sure and steady ..

Can anyone confiscate #nostr .. ?

#askNostr

Yup .. I am too old for tik-tok slangs :-)

Absolutely.. 99.9 percent of money would onboard #Bitcoin network through custodians ..

With 7000 odd txn frequency , #Bitcoin self custody is meant for those who settle in billions ..not the mom pop shop ..

For the big ones - Bitcoin reduces settlement from 3 days to 30 minutes.

Which is an order of magnitude efficient moneytary system .. and thus it helps poor .. cuz now you can instantly remit anywhere at a fraction of fees ..

He was always clear .. it is for those who don't understand the weave 😭

I see your point ..but this strategy would work if the idea of money was new and there was infinite time .. like it was for #gold ..

In a super competitive landscape one got to work smart 🤓

But the problem is #bitcoin becomes useful money only if rich buy into it .. otherwise its another worthless token - as useless to those " who can see the need" as any other shipcoin ..

I mean money is NOT the rails .. it is the cars that run on the rails ..

If you figured out most sound money ..would you sell the idea to rich or you would take it to poor ? #bitcoin

#askNostr

Exactly the point .. if it gets to that "self custody" doesn't help .. only participation of big institutions and broad acceptance does .. For example if US banned bitcoin , it will anyway be worthless no matter where you hold it - in custodial or self custody ..

Plus scaring tactics are always a bad marketing ... if self custody is good , tell people the pros . Sell on merits .. not throgh fear mongering ..

By the way - tell me a single reason a retired 60 years old should go for self custdody ? I mean I can't even remember my zip code :- ) and most people misplace their iPhone thrice a week .. and you guys want them to have self custody of their life savings in a cold wallet :-) ..

I am ! .. a life long vegetraian - tell me how carnivore .. or for that matter any specific diet pattern is better for humans ..

Sure .. if that is the price of being in a collective .. but collective is wiser than you give it credit for ..

Replying to Avatar Candid Wolf

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle so gold was confiscated in 1933 but was it really? What were the actual consequences of not turning in your gold? Are there legit stories of people being put behind bars for not reporting?

Also was it confiscation at bank level or at individual level? Just trying to understand how this actually worked.

#bitcoin #gold

btc is safer investment if it is widely held - banks and govs and institutions included .. The comment about Gold was a in response to fear mongering ... which is so true ..

"NOT your keys NOT your Bitcoin" is kinda scaring new entrants .. #bitcoin self custody is far from mass adoption ... I would rather buy gold and stick it into a bank locker than self custody btc ...