Saving your #Bitcoin key in your head is the ultimate way to take your #BTC everywhere you go.
â And it's genuinely possible!
No need for fancy tools or exceptional memory skills...
Here is how:
Build a Story
â You have a 12-24 word seed phrase, like this:
"mansion nice pigeon dry style list about ring stamp derive slam drastic"
â Next, craft a reasonable story using this seed phrase.
â Example:
"A run-down mansion stands in the nice part of town. An old man feeds a flock of carnivorous pigeons dry salami from his porch while reading an old copy of Style Magazine......"
Divide
â Our brains have limited storage capacity, so it's best to divide the story into 3 to 6 segments.
â Start by memorizing only the first part on the first day. Second part on second day. And so on.
â Took me a week - it's again about that proof of work:)
Conquer
â Once you've divided and memorized the story, ensure it stays with you.
âRepeat it daily for two weeks, and then once a week thereafter.
â You will know it so good after just a month!
With that method, you can make your #Bitcoin genuinely unf****able!
Saving your #Bitcoin key in your head is the ultimate way to take your #BTC everywhere you go.
â And it's genuinely possible!
No need for fancy tools or exceptional memory skills...
Here is how:
Build a Story
â You have a 12-24 word seed phrase, like this:
"mansion nice pigeon dry style list about ring stamp derive slam drastic"
â Next, craft a reasonable story using this seed phrase.
â Example:
"A run-down mansion stands in the nice part of town. An old man feeds a flock of carnivorous pigeons dry salami from his porch while reading an old copy of Style Magazine......"
Divide
â Our brains have limited storage capacity, so it's best to divide the story into 3 to 6 segments.
â Start by memorizing only the first part on the first day. Second part on second day. And so on.
â Took me a week - it's again about that proof of work:)
Conquer
â Once you've divided and memorized the story, ensure it stays with you.
âRepeat it daily for two weeks, and then once a week thereafter.
â You will know it so good after just a month!
With that method, you can make your #Bitcoin genuinely unf****able!
Saving your #Bitcoin key in your head is the ultimate way to take your #BTC everywhere you go.
â And it's genuinely possible!
No need for fancy tools or exceptional memory skills...
Here is how:
Build a Story
â You have a 12-24 word seed phrase, like this:
"mansion nice pigeon dry style list about ring stamp derive slam drastic"
â Next, craft a reasonable story using this seed phrase.
â Example:
"A run-down mansion stands in the nice part of town. An old man feeds a flock of carnivorous pigeons dry salami from his porch while reading an old copy of Style Magazine......"
Divide
â Our brains have limited storage capacity, so it's best to divide the story into 3 to 6 segments.
â Start by memorizing only the first part on the first day. Second part on second day. And so on.
â Took me a week - it's again about that proof of work:)
Conquer
â Once you've divided and memorized the story, ensure it stays with you.
âRepeat it daily for two weeks, and then once a week thereafter.
â You will know it so good after just a month!
With that method, you can make your #Bitcoin genuinely unf****able!
#Bitcoin will
â see 50k again
â 100k for sure
â also 1mio+
And at some point, we will stop seeing #BTCÂ going up, and start seeing everything else going down in a #BTCÂ Standard.
Also:
â Market cap dominance will be above 99%
â Shitcoins can't hold value over the long term.
On the 14th of January in 2018 was the lowest dominance of #BTCÂ with 32%
â Since then, it is consistently growing.
â now back over 46%
#Bitcoin will eat up all other assets over the long term!
â Dominance continues to rise
â Just a matter of time, when we are back at 100%
Altcoins are basically startups with no use case.
â you buy an altcoin and, with that, gambling in a centralized startup that you don't even understand.
â You have been fooled.
Only #Bitcoin is truly decentralized money
#BTCÂ is nothing like any altcoin.
â Not even close.
0 gains if they wanted to destroy Bitcoin. When there goal is just destroying it, they have worthless btc in the end.
Obviously thatâs not possible, but also the incentive structure doesnât work.
#Bitcoin miners could censor and manipulate transactions. Wouldn't it be possible to just buy 51% of the network?
â NO!
Performing a 51% Attack on #BTCÂ seems easy, but in practice it's not possible.
Here is why:
Tremendous amount of Resources needed
â To successfully perform such an attack, you would need to control more than half of the total hashing power.
â This would require a massive investment in mining hardware, electricity, and infrastructure, making the attack financially unfeasible.
â Where do you even get all this hardware with massive shortages?
â Additionally, during such an attack would the network grow even more. Thus, increasing the cost of such an attack more and more.
â It's an uphill battle...
No gains = no incentive
â Even if someone manages to do that, the difficulty adjustment doesn't work in your favor, and you needed to maintain the power over a longer period of time to really make an impact.
â And all those resources would be for nothing, because all those mined #BTCÂ would be worthless at that point.
â So you have 0 gains and therefore 0 incentive to do such an attack.
â The financial gain would be much bigger, if the miners simply play by the rules.
A 51% Attack on #Bitcoin is not only physically impossible, but also would bankrupt the player who performs it.
Proving that #Bitcoin is actually the only sound digital money on the planet!
#Bitcoin miners could censor and manipulate transactions. Wouldn't it be possible to just buy 51% of the network?
â NO!
Performing a 51% Attack on #BTCÂ seems easy, but in practice it's not possible.
Here is why:
Tremendous amount of Resources needed
â To successfully perform such an attack, you would need to control more than half of the total hashing power.
â This would require a massive investment in mining hardware, electricity, and infrastructure, making the attack financially unfeasible.
â Where do you even get all this hardware with massive shortages?
â Additionally, during such an attack would the network grow even more. Thus, increasing the cost of such an attack more and more.
â It's an uphill battle...
No gains = no incentive
â Even if someone manages to do that, the difficulty adjustment doesn't work in your favor, and you needed to maintain the power over a longer period of time to really make an impact.
â And all those resources would be for nothing, because all those mined #BTCÂ would be worthless at that point.
â So you have 0 gains and therefore 0 incentive to do such an attack.
â The financial gain would be much bigger, if the miners simply play by the rules.
A 51% Attack on #Bitcoin is not only physically impossible, but also would bankrupt the player who performs it.
Proving that #Bitcoin is actually the only sound digital money on the planet!
#Bitcoin miners could censor and manipulate transactions. Wouldn't it be possible to just buy 51% of the network?
â NO!
Performing a 51% Attack on #BTCÂ seems easy, but in practice it's not possible.
Here is why:
Tremendous amount of Resources needed
â To successfully perform such an attack, you would need to control more than half of the total hashing power.
â This would require a massive investment in mining hardware, electricity, and infrastructure, making the attack financially unfeasible.
â Where do you even get all this hardware with massive shortages?
â Additionally, during such an attack would the network grow even more. Thus, increasing the cost of such an attack more and more.
â It's an uphill battle...
No gains = no incentive
â Even if someone manages to do that, the difficulty adjustment doesn't work in your favor, and you needed to maintain the power over a longer period of time to really make an impact.
â And all those resources would be for nothing, because all those mined #BTCÂ would be worthless at that point.
â So you have 0 gains and therefore 0 incentive to do such an attack.
â The financial gain would be much bigger, if the miners simply play by the rules.
A 51% Attack on #Bitcoin is not only physically impossible, but also would bankrupt the player who performs it.
Proving that #Bitcoin is actually the only sound digital money on the planet!
Shitcoiner: These #BTCÂ maxis are so toxic & dismissive of other projects.
Bitcoiner: We have this one opportunity in the history of humanity to free the world from systematic oppression. Fiat & Crypto incentivises corruption.
We aren't closed-minded. We are focused!
#BTCÂ only
The true strength of us #Bitcoin -er is our low time preference.
â We don't need those consumer goods to feel good.
â We want real relationships and meaningful work.
â The world is so beautiful if you free yourself from the fiat mindset!
There is now only one political direction: #Bitcoin
It does not matter if you are Right or Left.
-> Either free money or slave money!
Either complete sovereignty in the digital age or you will own nothing and 'be happy'
Very true!
#Bitcoin is the ultimate tool for financial inclusion on all the levels.
With #Bitcoin , it is possible to have a tremendously fast final global settlement layer.
Everyone can
â participate in the network &
â verify all transactions.
#BTCÂ will become the new financial base layer of the entire world.
â The sooner you realize that, the more you will benefit.
â Tell your loved ones!
A #Bitcoin Standard leads to healthier economic growth.
â No more cheap loans for bad business ideas
â Government has to provide real value, and can't just print their power.
In a #BTCÂ world, only real projects get real money!
The government in Weimar Germany just ignored the ever-increasing money supply when talking about the sky-high inflation, and instead used the media to push propaganda that the true cause of the rising prices was a war.
Why does this sound so freaking familiar?
Ich bekomme durch WoS schon eine Benachrichtigung. Danke fĂźr den Zap! đđ§Ą
Why do we #Bitcoin -ers don't care about short term price movements?
It actually impacts us in real life, if our purchasing power fluctuates in low 2-digit percentages.
But for every #BTCÂ -er, one thing is clear:
â Over the long term, every Asset will lose purchasing power against #Bitcoin . It's the only truly decentralized network.
â Short term price movements are expected with such a disruptive technology. But you can bet your life on the predictability of Bitcoin's monetary policy. It's written in stone!
â No other asset can give you such a high level of certainty. No one knows what the FED is going to do tomorrow, or if ETH is suddenly deciding to add more coins into the market.
#Bitcoin is the only certain Asset, in extremely uncertain times.
The First Republic Bank...another case where the fiat banking sector shows how bad it really is.
â Over -90% in under 2 months
â Expected to be seized by the US government
This is all just the beginning of the banking meltdown of the fiat system.
How can anybody actually trust banks right now??