Without a fixed denominator you can neither store, nor measure value over time. Simple.

It is calculated by the energy expenditure versus what you get for mining, obviously it depends on the country as well.

Because the whole point of money is to have a fixed supply. #Bitcoin is the perfect money.

oh man, people tend to conflate these things and intertwine them.

A store of value means that the value of the item never changes. Bitcoin fluctuates every minute. It's not a store of value. USDT is a store of value, any stable coin. Any currency, in local terms, is a store of value. If you put $10 under your cushion, in one month's time it's still $10. Store of value.

Gold is not a store of value, it's an inflationary hedge. Gold's value increases and is dependent on supply/demand. Actually any commodity is this.

money is a medium of exchange.

The whitepaper itself states bitcoin as an electronic peer to peer cash system without the need for trusted third parties.

It's on the tin. Stop listening to people telling you bitcoin is digital gold. It's not. Never was meant to be. SPV is a whole thing - how is a digital gold SPV?

it's how i stopped smoking a year ago, and this time it stuck... i've done it a couple times before this, over the years, but it was 6 months here, 9 months there, this time it's stuck, partly because i was getting so sick

same thing is happening now with alcohol... it's the heaviest damage in my health issues right now, makes me do stupid shit, etc etc, i need to get my shit together because otherwise i'm dying

and ironically this actually is making the depression start to lift, as that was what was causing it in the first place... and it was making me very irritable and prone to being mean and angry when i shouldn't be

anyhow, fasting is key to getting clear of alcohol i think, beacuse you have to recover your digestive function

#BTC cost of producing 1 BITCOIN: $67,836

#bitcoin is trading at $56,600 and must grow by at least 20% to return to the same level of its production cost.

When it touched $48,888 it moved 28.84% below the orange line

the most value I get out of nostr is realtime feedback on ideas. I love bouncing ideas off ya'll! it almost always pushes me to an improved heading. on nostr anyone can be a part of the development. nostriches are helping steer the ship. that's pretty cool.

rather than using # tags to bring clout and eyes to yourself focus on building sets of content future npubs can enjoy

#memestr

twitter is blocking me from writing "#nostr". I'm not surprised but usually I don't experience the control so directly. It keeps changing nostr into other words. 🤣

“The last great bubble is faith in central banks.”

― Michael Gayed

That is also true of bitcoiners, gold bugs and others who have learned about the inherent evils of the central banking Ponzi scheme. Because everybody still seems to think that central banks providing massive amounts of liquidity will be stimulative by default. And I get why it’s easy to believe that - it has been true throughout all of our lifetimes. But what if that stops working? What if the crisis gets so bad that literally all of the money they print, no matter how much it is, will go only towards putting out fires, both literal and metaphorical? To subdue protests, to provide emergency services amidst chaos and turmoil, to feed people who have lost their jobs (and perhaps families), and who are unable to put food on the table in an increasingly stagflationary environment? To pay off interest on national debts, to prevent the bond and stock markets from completely collapsing, to bail out banks (of course), to provide emergency housing, to introduce and enforce increasingly Draconian measures in order to suppress the uprisings, revolutions and capital flight? To hunt down and persecute the dissidents, the rebels, or whoever they deem is "to blame” for whatever is happening?

I hope I’m wrong here, as in - it does not get as bad as described above. But I think it is important to keep in mind that we are, from a historical perspective, in the Fourth Turning of a generational cycle and this sort of stuff is usually embedded into the societal shift that is happening.

Stay safe, stay sane, and most importantly, take care of yourselves, friends 🧡🤠

WAGMI #plebchain