https://youtu.be/kXZyoVatAX4?si=HEhJnHOg2jcroizx
“Bitcoin itself, we did not approve, we do not endorse.”
Slimy.
I love the rabbit hole. It’s a damn marathon though! Haha
Buying a #Bitcoin ETF is like buying fire insurance on a house, and then leaving the contract inside. When the house burns, so goes the contract.
I love this analogy. Thank you nostr:note1vx457c95wy07uxt98atfdf3qw2mq9dckwtrw9wdc7wjsrk2c29rsdvwae4
Yes there are certainly the retirement advantages you can’t rule out
GM. HF
https://www.coindesk.com/markets/2024/01/12/blackrock-ceo-larry-fink-backs-ether-etf/
“I’m a believer in cryptocurrency as an asset class, not a currency.”
Of course you are Larry. Along with everyone else promoting this stupid ETF. “But it will increase adoption by so much!” Look I’m not saying more people won’t be talking about bitcoin now but it sure feels this is all part of the plan, the only plan the government has at this point in time.
First is ETF approval and then self-custody is banned because of funding terrorism or whatever made up reason. “Don’t worry though, here you can convert your self custody bitcoin into our ETF which is the same thing but better because you don’t have to worry about losing your funds in a boating accident!” Didn’t we see that playbook with Gold in 1933 and 1971? How did that work out for people holding the IOUs for the gold they used to own?
I don’t want to sound like a doomer but I really don’t like where all this shit is going. I don’t want to be forced between holding self custody bitcoin or being considered a criminal. Bitcoin is the greatest tool this world has ever seen and this sure feels like a giant Trojan horse but we’ll make it through. It probably won’t be pretty but we’ll make it because we have to.
That’s my rant for now on this stupid ETF bull shit.
GM.
Just had my brother in law (very successful financial advisor at Fidelity) text me “thoughts on ETF DCA vs BTC directly” to which I replied asking if he was trolling me. “Not at all, Roth cash is going into it”
I’ve been racking my brain for a minute now - what is the best analogy here in simpleton terms? I mean custody vs self custody is kinda boring to people that don’t get it but there has to be a simple example that shows how dumb the question is without realizing it?
#asknostr
Got my final run in today for the #RunningBitcoinChallenge, 3.65 miles for a total of 13.19 miles in the last week.
I’m happy to partake in this great event again this year in honor of Hal Finney and to help support ALS research. I look forward to this again next year!
#runningbitcoin
"Time Preference”- 28th Edition
1) # Full nodes (reachable) - 17,643 (+1.85%)
2) # LN nodes - 13,788 (-0.11%)
3) LN capacity (BTC) - 4,998 (-0.02%)
4) BTC addresses > 1M sats - 12.75M (-0.05%)
5) BTC addresses > 10M sats - 4.58M (-0.06%)
6) BTC addresses > 100M sats - 1.021M (-0.30%)
7) Hashrate (EH/s) - 512 (+0.39%)
8) Price - $43,944 (+3.99%) (Sunday close)
9 Price/Hashrate - 86 (+3.58%)
10) Michigan businesses accepting BTC (btcmap.org) - 17 (n/c)
11) Routing Events - 289 (-42.32%)
12) Routing Sats - 819 (+85.71%)
* % change figures from prev.
A little late this week but we're still here. Not a lot to note as everyone and their mother is focused on one thing only this week, I try to avoid all the hype and drama around what will be just another stepping stone in Bitcoin's long-term adoption curve.
One thing to note is addresses actually all ticked down for the first time in quite a while, specifically, addresses over 1 BTC had their largest decline since I've been doing this the past 28 weeks. Interesting, let's see what happens next couple weeks here.
I hope everyone can find some balance in their day/week. Today is the last day of the #RunningBitcoinChallenge - I will be finishing out my half marathon over the past week as soon as I post this. Plenty of beautiful snow-covered trees to admire, I'm grateful to be here.
#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️
Now I feel like an idiot but that makes so much sense. Thank you. Always learning in this space.
GM. UTXO question for #asknostr - I always went by the old adage when withdrawing from my DCA account to cold storage that I should always use a fresh address.
In an increasing fee environment and consolidating UTXOs is more important, is there a reason I would not want to use a previous address that has a balance in it already, if both sats are KYC anyway?
More patience *
Off to a rough start 😂
GM.
It’s snowing nicely for the first time all year here today in Michigan and it’s my birthday. Going to try and move a little slower, have a little kore patience, and notice the smaller things a little more today. ☕️
Got a run in today for the #RunningBitcoinChallenge today, 3.54 miles.
3.56 miles to go to complete the half marathon.
#ALS #Bitcoin #Running #RunningBitcoinChallenge
https://secure.alsagoldenwest.org/site/TR/Endurance/General?px=1077569&pg=personal&fr_id=1240
Got my second run in for the #RunningBitcoinChallenge today, 2.49 miles.
7.1 miles to go out of the half marathon.
#ALS #Bitcoin #Running #RunningBitcoinChallenge
https://secure.alsagoldenwest.org/site/TR/Endurance/General?px=1077569&pg=personal&fr_id=1240
In need of some sun already here in Michigan and it’s only January 4th. Got a long ways to go of this gray sky stuff until about April. Only way to fight it is to still be active outdoors I think.
That’s too bad I think it’d be a great conversation to listen to. That sucks if he can’t find the time to talk to the community on this with you guys.
Makes me question using Swan for that reason alone
I’ve never had an issue with Swan over the last 4 years with withdrawals and etc. during all the bull shit we’ve seen. This is a completely different product than purchasing Bitcoin and withdrawing to cold storage through Swan.
With that being said I love the Bitcoin community for this reason. Continuously challenging and there is simply no free passes based on reputation alone.
Good morning. ☀️ ☕️
Presence
Just got my first run done for the #RunningBitcoinChallenge supporting ALS foundation research.
3.51 miles down, 9.59 to go.
Support at this link below or zap this post!
https://secure.alsagoldenwest.org/site/TR/Endurance/General?px=1077569&pg=personal&fr_id=1240
#running #bitcoin #ALS
I still haven’t been able to find “the one” and shamelessly still use Muun primarily which means haven’t been using it with fees this high