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BTCforPlebs
75462f4dece4fbde54a535cfa09eb0d329bda090a9c2f9ed6b5f9d1d2fb6c15b
A place for ordinary people to learn about Bitcoin 🧡

All your models are broken

2009: ⚪️

2010: ⚪️

2011: 🟢

2012: 🟢

2013: 🟢

2014: 🔴

2015: 🟢

2016: 🟢

2017: 🟢

2018: 🔴

2019: 🟢

2020: 🟢

2021: 🟢

2022: 🔴

2023: 🟢

2024: 🟢

2025: 🔴

It’s a beautiful day ☀️

Now running gittr 🫡

Gittr.btcforplebs.com

Woke up this morning to a really cool notification!

My Apple-touch-icon PR got merged with nostr:npub10efcj7x65z2ak6vd69xr8f2hvqwuaqrhlygl3yqa4y63hfvc02mqwzaeh3 and is slated to be included in a massive v1.4 release cut later today.

Even thought it’s just 19 lines of code, the thought that thousands of people will use code I contributed is so inspiring!

nostr:nevent1qqsddntkyuxj75st8gp09hr85278q8fgecef7lkwra0f2a5xakd5keszypsm77gtyz22lvp5jhy7zd4v7c2mur7vct9etddvld0kenh7rzcxyqcyqqqqqqgprdmhxue69uhkcmm8v4hzucn5vdnx7unsd3jkyuewvdhk6y3sxfj

Switching from IBIT to FBTC is like two kids endlessly trading the exact same Bitcoin IOU back and forth, but the actual Bitcoin never leaves Coinbase Custody’s vault.

- Kid A sells his “BlackRock Bitcoin IOU” and uses the dollars to buy Kid B’s “Fidelity Bitcoin IOU.”

- Both IOUs are backed 1-to-1 by the very same stack of Bitcoin sitting untouched in a Coinbase cold wallet.

- No Bitcoin is ever handed from BlackRock to Fidelity.

- No Bitcoin is handed from Fidelity to BlackRock.

- Coinbase Custody doesn’t move a single satoshi between segregated client wallets — why would they? Net exposure for the entire system hasn’t changed by one atom.

- The Bitcoin ledger (the real blockchain) never nothing, zero transactions, zero fees, zero anything. Dead silence. 🔕

Yet the price on every exchange, every Bloomberg terminal, every ETF ticker jumps around like crazy because millions of kids (institutions, retail, algos) are frantically swapping these IOUs on a regulated playground called the stock market.

The actual Bitcoin never moved as much as a brick in a bank vault moves when you swap a BlackRock vault receipt for a Fidelity vault receipt.

There was no tree in the woods that fell, so of course it didn’t make noise.

The only thing that made noise was a bunch of tourists trading colored paper claims while the real Bitcoin sat there, perfectly silent.

I just obliterated 82 Nostr zombies using #PlebsVsZombies! 🧟‍♀️🧟‍♂️🔨

My Zombie Score was 17%! What's yours?

🟪🟪🟪🟪🟪🟪🟪🟪🟪🟪🟪🟩🟩🟩

Follow nostr:npub1pvz2c9z4pau26xdwfya24d0qhn6ne8zp9vwjuyxw629wkj9vh5lsrrsd4h and join the hunt at: 🏹

https://plebs-vs-zombies.vercel.app