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5atoshiNakamoto
5b4a1d20fef8e42e301caea4b77f2283a685065559fd97f9b154118825e0b10f
๐Ÿ‡บ๐Ÿ‡ธ | 2014 โคต๏ธโ‚ฟ๐Ÿ‡๐Ÿ•ณ remitting ๐Ÿ‡ฐ๐Ÿ‡ท๐Ÿ’ฐ. https://BantuBitcoin.github.io #Bemba #bitcoin -only education podcast ๐ŸŽ™๏ธ in rural Zambia ๐Ÿ‡ฟ๐Ÿ‡ฒ , ๐Ÿ“˜ editor, library ๐Ÿ”Š๐Ÿ“š @ 4x

After 10 years obsessively studying, and thousands of hours of podcast episodes, I'd say quite a lot. You have some questions?

You ever start writing a #bitcoin nostr post and not know what it will be before you start typing? ...Like the open protocol that these are, let's collaborate on this one here together. Share your thought below and let's see what we come up with.

UPGRADE YOUR DENOMINATOR.

#Bitcoin

10 years from now, when #bitcoin is $58k, you will have wished you were buying today at $58k.

I'm not there at the moment. But I know people are still carrying on; though financially, the kwacha has continued to debase with over 150% inflation these past 6 years. Truly terrible.

You do not buy #Bitcoin to *make* money.

You *sell dollars* into Bitcoin to not lose purchasing power over the long-term.

If you're buying Bitcoin to have more dollars, you do not yet understand it.

Or dollars, frankly.

UPDATE YOUR DENOMINATOR.

Sure, and we could say the same of drinking water in the desert. It doesn't matter that money is a story that society tells itself. Everything is just a story. Some stories are more useful than others.

A blockchain is just a digital #ledger, a record of every transaction that has ever happened, replicated on every #node that participates in the network. This is highly INEFFICIENT. So much so that you would never choose to use a #blockchain unless the security created by the redundancy of a #decentralized network was your primary variable of interest. #Decentralization is the entire point. #Altcoins are run on #AWS. #Amazon is a singular point of potential failure. #Altcoins are scams. #Crypto is a scam. #Bitcoin only.