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jimbocoin 🃏
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The SUPERCYCLE guy.
Replying to Avatar Beautyon

You can’t “Stack Sats”, to use the Bitcoin Cult lingo, without there being a means to distribute Sats to Stackers, and no, not everyone is an US American with a bank account, genius.

Also, the entire rest of the world switching to Bitcoin, and not just Americans, will cause a sea change in the dynamics of many problems. Think GSM vs CDMA. America can lose international standards wars. That’s proven.

The fundamental layers of Bitcoin are powerful enough to make the dream of hyperbitcoinization come true, if the people who maintain the tools and businesses eschew infantilism like Ordinals and “Assets on the Blockchain” and “Stablecoins”; perhaps the most egregious affront to Bitcoiner sensibilities and ethics.

The inventor of Ordinals has now “moved on to other things” having left behind a literally indelible legacy of shame, with his acolytes continuing to pollute and burden maintainers of the public record. He’s the personification of one of the great remaining problems facing Bitcoin: Infantilism.

"Dollars on Bitcoin” is the direct result of slave mentality and infantilism. The Austrians understand the dynamics of the problem of the Federal Reserve, but amongst them Saifedean is almost unique in correctly applying Austrianism to Bitcoin.

The Bitcoin Cult on the other hand have proven not up to the challenge with their distractions, infantile absurdities and nonsense. They refuse to accept the basic argument implied by Bitcoin; the Federal Reserve Dollar is a corrupt criminal enterprise that is irredeemable.

Thankfully many other countries are waking up to how they’ve been enslaved by Keynesian thinking and turned into Cargo Cults with their Central Bank funny money printed abroad and delivered in Security Theatre stocking rituals. These countries now have the means to free themselves from fiat prostitution, and it’s now highly probable that they’ll do it, thanks to the constant streams of provocations and humiliations doled out by Uncle Sam.

Victory for America means allowing Bitcoin to be used as money and accepting it for the payment of taxes, not geriatric gibberish like “Strategic Reserves”, which as Saifedean correctly asserts, will not be permitted by the owners of the Federal Reserve System, who are the actual owners of America.

https://x.com/saifedean/status/1818274910772306297

FASCINATING!

Well said

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I know that and you know that but Joe blow doesn’t. Which means that while the ultimate outcome is foreknown to us, the path is not.

Will we win? Yes. Will we win immediately and without opposition? I think it’s unlikely.

Fantastic question. My guess would be price oracle (for showing amounts in fiat currency equivalent units)

Still a great reminder!

If you’re using an open-source software wallet unaffiliated with your signing device vendor, you don’t have to worry about whether these vendor emails are fake or real. Can’t affect you.

Great reminder not to use your #Bitcoin hardware wallet vendor’s software wallet. Use a dedicated, open source software wallet like Sparrow, Electrum or Bitcoin Core. nostr:note1z4l2ss62sxg23pmd4g6jh5xl3pllrcqndfakgkpftngch7sr0h8s8gwfp9

100% of everyone’s money is already in #Bitcoin, no matter how much they have. nostr:note1x6h49ednc38qcgduu0nqh23schy4vu32x83hkan89dytenx5g78qcf5ane

Security is measured in time.

Keep Nostr wired nostr:note1cjh4esggrwnevlsjsjzxfjvyf4h4mru2e8k27dy4ef3a4nadu3hs562cr0

“Don’t trust. Verify.” applies here. Campaign promises are cheap.

It’s bullish that we’re a pander-worthy class. It means spineless politicians will at least claim to support our interests.

I don’t expect the cartel of bankers who benefit from dollar hegemony to just give up their power however.

It’s 10AM. Do you know where your #Bitcoin are?

PSA: In addition to running #Bitcoin core, consider also running an Electrum server like ElectrumX, electrs or Fulcrum.

These services make historical lookups fast. A feature you’ll appreciate if you’re ever in the uncomfortable position of doing a high-stakes wallet recovery.

Also, note that the storage doesn’t have to be all high speed. The block data can go into lower-speed, cheaper (HDD) disk space while the indexes and UTXO set data can be on higher speed (SSD) drive.

This is somewhat of an advanced configuration though. So if a 2TB SSD is in your budget, that’s the simpler option.