⏳Back To Basics Series⌛️
Bitcoin has a hard-capped money supply.
There will never be more than 21 million Bitcoins in circulation, and the rate of new supply decreases over time.
This means that Bitcoin is a deflationary money, and as its supply diminishes, its value is likely to increase.
This hard cap on the supply of Bitcoin makes it a scarce commodity, which can be seen as a positive attribute in a world where traditional currencies are subject to inflationary pressures/manipulations.
#BTC offers users unprecedented levels of decentralization, security, and scarcity.
Its decentralized nature ensures that it is truly democratic, while its unparalleled security features make it a safer form of money than traditional fiat currency.
As Bitcoiners, we are facing a daunting challenge: the entire world could potentially attack bitcoin, and yet we must find a way to keep it usable.
Are we willing to live outside of the society we know, or will we continue to strive to remain a part of it?
What steps can we take to ensure that Bitcoin can still serve its purpose as a form of money, asset, store of wealth, and exchanger of goods, even if every major power system attacks it simultaneously?
The current state of affairs is far from encouraging: Central Bank Digital Currencies (CBDCs) are emerging, while some countries are banning the use of Bitcoin entirely. The United States could potentially introduced heavy regulation, while China is actively waging a war against those who use it. Russia could be creating their own CBDCs and oil-backed CBDCs.
On top of that, it could be increasingly difficult to accept Bitcoin anywhere if every major power system puts it in an outcast status. All of these factors contribute to the growing risk that Bitcoin could end up in a dystopian future.
But if we are to keep Bitcoin alive and usable, we must take action. We must find a way to combat the onslaught of attacks and regulations targeting it.
The first step is to ensure that we have a supportive country, one that is willing to accept Bitcoin and stand behind it. El Salvador has already taken the bold step of declaring Bitcoin legal tender, becoming the first country in the world to do so. But it will take more than one country to make a difference. We must also look to other nations who are sympathetic to Bitcoin’s cause and can provide safe havens for its citizens.
Beyond that, we must layer technologies on top of Bitcoin to reduce attack vectors. We can do this by creating a more robust, secure, and resilient system. This could include making use of multi-signature transactions and distributed storage solutions, as well as other measures such as privacy preserving techniques and cryptography. By making Bitcoin more resilient, we can ensure that it continues to function even in the face of a global attack.
Ultimately, it is up to us, the Bitcoiners, to decide whether or not we are willing to live outside of the traditional society.
We must ask ourselves if we are willing to give up our citizenship to ensure the continued use of Bitcoin. We must also ask ourselves if we are willing to take the necessary steps to ensure that Bitcoin can still serve as a form of money, asset, store of wealth, and exchanger of goods, even if every major power system attacks it simultaneously.
The answer to these questions will determine the future of Bitcoin, and our own fate.
It is outrageous that, in 2023, one must not only be a doctor, lawyer, engineer, etc., but also a professional investor and economist in order to avoid being robbed in the current economy. Now, even the general working class of the world cannot trust the money they have in the bank; they must analyze each bank and do a complete balance sheet evaluation before depositing money. This is not a viable economy and a definitive solution is needed. The only hope is Bitcoin.
⏳Back To Basics Series⌛️
BTC provides unparalleled security.
Wallets are unhackable. 😤
This is because each wallet has a unique digital signature that is nearly impossible to replicate.
Additionally, the blockchain, which is the digital ledger that records all Bitcoin transactions, is immutable.
This means that once a transaction is recorded on the blockchain, it cannot be altered or deleted.
These security features make Bitcoin a safer form of currency than traditional fiat currency, which can be vulnerable to cyberattacks and fraud.
“The government bank bailout will not cost taxpayers any money” This statement is further from the truth. While it is accurate that taxes will not be raised to pay for the bailout, the Federal Reserve will print a large amount of money to cover the cost. Inflation will have a detrimental effect on all citizens, particularly the occupied middle working class. Solutions exist, such as #Bitcoin , but they must be made visible to those who need them the most. 🧡
Could this be the catalyst to start the next btc bull run? ⚡️
In Nostr, more people are inclined to read the message in its entirety without many marketing tactics.
On Twitter, however, photos and other marketing tactics are required to make the message more readable…
Don't trust, verify: when it comes to the future of the world's financial system and your prosperity, Bitcoin is the only option, not crypto. There is no second best: trust should be replaced with verification, and centralized groups of individuals, such as Vitalik, should not be relied upon.
At the end of the day this is about extremes:
Utopia vs. Dystopia
Heaven vs. Hell
PoW vs. PoS
#BTC vs. Sh***coins
#BTC vs. ESG
#BTC vs. CBDC
#BTC vs. Banks
#BTC or we eat 🪳
The same sentiment of 2008 is shared here and there: #Bitcoin is the solution, but one must be patient. 🧊
₿e your own ₿ank.
Not a drill, not a simulation, not a mock, not a dry run, not a trial run, not a rehearsal, not a practice session. 🧊⌛️
If the market goes lower, that is the time to buy and quickly move it to cold storage. Revisit the stack in 6-10 years.🤝
This is a strategy that should be repeated as financial crises or collapses occur, or whenever there is a threat of a vector attack. ⚡️
#Bitcoin will thrive in the middle of a financial crisis. It is truly remarkable to witness the power of the bitcoin network.
This is also the time for DCA into #Bitcoin
It will be life-changing if you manage to keep it in a secure cold storage. 🧡
Buy #Bitcoin , send it to cold storage ⚡️🧊
Not a drill. ⌛️
The battle of the centuries: dystopian vs. utopian, heaven vs. hell, paradise vs. inferno, Arcadia vs. Gehenna, and #BTC vs. CBDC.
Bears 🐻 don’t stand a chance…
#Bitcoin has future, you just have to be patient. ⏳
#Bitcoin is the most enduring monetary system. ⚡️
Bitcoin x Nostr are the direct hedge against CBDC.
UPDATE!: #Bitcoin is still running exactly as it was designed to:
Block after block after block, day in and day out, with no days off, no network outages, and no holidays.
lnbc100m1pjqsrxkpp53a3ud9dj507r2q4zq93ujr52h8qezjqnu4492zs6dmx6gckdl37sdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5w8sc0fu9vg3wadml52nxkps8qgynwtm6grjrtht9dxytl0h0ndms9qyyssqsfd2an0lqjjhxvr6n6v9pscj8rkhgwxlc5u0t2mr997uhcq7xgtkwr0ysp6wfwxy5dguxezfy0kr3qcy300gepax0tk888ch2g9ewjgpecvn3j
At least 500,000 Bitcoiners are competing for the 21 million Bitcoins.
It is likely that hardcore Bitcoiners have already acquired a significant portion of the available Bitcoin, so we can conservatively assume that at least 500,000 people have a deep understanding of Bitcoin and the Bitcoin network.
With each individual striving to acquire as much Bitcoin as possible, the numbers quickly become astronomical, even if we don't consider the Bitcoin that have been lost or the early adopters who hold large amounts of it.
Thus, while theoretically we are competing for 21 million Bitcoin, in reality there is likely much less available.
I say at least 500k assuming that nostr users understand deeply btc.
Prescription to whom it may concern:
1. Exercise.
2. Ice plunge bath from 2min-5min.
3. Read at least 40 complete pages. (Any topic, preferably something that can help your current skill or the skill that you want to acquire)
4. Do nothing, literally nothing for at least 30min. Just sit there with your mind.
5. Fast for 10-12hrs.
6. Sleep +8hrs.
7. High protein meals only.
8. Be grateful.
9. Buy bitcoin.
Medical advice. 😉