Avatar
CaqKa
86313b6cdb915fe0dac4045794bfb40906d7977fcc1d0dae19b806274565cc10
Astrophotography, 3D printing, self-development, NLP-practitioner, Wine maker, python, AI, builder.

An app that would support me to get better health. Tracking good habits, tracking good eating...

#BA2024

Bitcoin Atlantis 2024 was my first bitcoin conference. Yes, Saylor, Mallers, were the hypers and then there were my favorites like nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a, Preston, Jeff and nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m. I am a bit sad, that my favorite voice of bitcoin could not make it nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev.

And at the same time, what had for me the most soul and creativity, was the last day presentation of what was produced over the last two months. It was 16+ presentations from 15h onwards o group called the sovereing engineer cohort 01. #SEC-01

For me it was jaw dropping what some of them produced. All under the coordination of nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc and nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft Hats down and looking to change career from an electro engiiner to a programmer :)

Hmmm. I think from what i have seen on Bitcoin Atlantis, that this will be handled on nostr with projects like blossom. Cant wait to see it. I think this will revitalize piracy. Ups. I mean "information wants to be free". ๐Ÿ˜

Looool. I was the one on the right at the 11minute mark. Using exclusively Nostr. How many hands were at that time up? I couldnt see.

Sooo we have 6,25 made on 10minutes, which is 900 new btc/day. So the buy pressure exceeds the curent production by at least 3x. That should make an impact on the price.

๐—ช๐—ต๐˜† ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐™‰๐™ค๐™ฉ ๐—ฎ ๐—ฆ๐—ฝ๐—ฒ๐—ฐ๐˜‚๐—น๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—”๐˜€๐˜€๐—ฒ๐˜

You hear it all the time from the Jamie Dimons of the world: โ€œ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ช๐˜ด ๐˜ฐ๐˜ฏ๐˜ญ๐˜บ ๐˜จ๐˜ฐ๐˜ฐ๐˜ฅ ๐˜ง๐˜ฐ๐˜ณ ๐˜ด๐˜ฑ๐˜ฆ๐˜ค๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ.โ€

Nothing could be farther from the truth. Hereโ€™s why๐Ÿ‘‡

nostr:npub1clfjjuhrnr2dyrxknvdgg5v4dnq55t5svkk34r76rpwzqf5cjdas7rk28k

Many view #bitcoin as merely a speculative asset, believing its value lies solely in trading and price fluctuations. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ฑ๐˜ฆ๐˜ณ๐˜ด๐˜ฑ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ท๐˜ฆ ๐˜ด๐˜ต๐˜ฆ๐˜ฎ๐˜ด ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ข ๐˜ญ๐˜ข๐˜ค๐˜ฌ ๐˜ฐ๐˜ง ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ด๐˜ต๐˜ข๐˜ฏ๐˜ฅ๐˜ช๐˜ฏ๐˜จ โ€” both from the speculators themselves and from Bitcoin critics โ€” ๐˜ฐ๐˜ง ๐˜ธ๐˜ฉ๐˜ข๐˜ต ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ณ๐˜ฆ๐˜ข๐˜ญ๐˜ญ๐˜บ ๐˜ช๐˜ด.

While bitcoin's price movements invite speculation, its core value transcends mere market dynamics. Price action, adoption rates, and protocol enhancements will always be uncertain, but ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฒ๐—บ๐—ฏ๐—ผ๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—ฑ๐—ฒ๐—ณ๐—ถ๐—ป๐—ถ๐˜๐—ฒ, ๐—ป๐—ผ๐—ป-๐˜€๐—ฝ๐—ฒ๐—ฐ๐˜‚๐—น๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—พ๐˜‚๐—ฎ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€ ๐˜๐—ต๐—ฎ๐˜ ๐—ฎ๐—ฟ๐—ฒ ๐—ฒ๐—ฎ๐˜€๐—ถ๐—น๐˜† ๐˜ƒ๐—ฒ๐—ฟ๐—ถ๐—ณ๐—ถ๐—ฎ๐—ฏ๐—น๐—ฒ, ๐—ฎ๐—ป๐—ฑ ๐—ณ๐—ผ๐˜‚๐—ป๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐˜๐—ผ ๐—ถ๐˜๐˜€ ๐—ฒ๐˜€๐˜€๐—ฒ๐—ป๐—ฐ๐—ฒ.

A prime example is ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป'๐˜€ ๐˜‚๐—ป๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐—น๐—น๐—ฒ๐—น๐—ฒ๐—ฑ ๐—ฑ๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป. It stands as the ๐˜ฐ๐˜ฏ๐˜ญ๐˜บ form of money that is not controlled by any single entity. This was tested and proven during the 2017 Block Size Wars, where user consensus prevailed over the largest miners, wealthiest exchanges, and most influential thought leaders in the Bitcoin space at the time. ๐˜•๐˜ฐ ๐˜ฐ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ ๐˜ค๐˜ณ๐˜บ๐˜ฑ๐˜ต๐˜ฐ๐˜ค๐˜ถ๐˜ณ๐˜ณ๐˜ฆ๐˜ฏ๐˜ค๐˜บ ๐˜ค๐˜ข๐˜ฏ ๐˜ค๐˜ญ๐˜ข๐˜ช๐˜ฎ ๐˜ด๐˜ถ๐˜ค๐˜ฉ ๐˜ท๐˜ฆ๐˜ณ๐˜ช๐˜ง๐˜ช๐˜ข๐˜ฃ๐˜ญ๐˜ฆ ๐˜ฅ๐˜ฆ๐˜ค๐˜ฆ๐˜ฏ๐˜ต๐˜ณ๐˜ข๐˜ญ๐˜ช๐˜ป๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ, making any good attributes they may have vulnerable to change.

Another concrete fact is ๐—ฏ๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป'๐˜€ ๐—ณ๐—ถ๐˜…๐—ฒ๐—ฑ ๐˜€๐˜‚๐—ฝ๐—ฝ๐—น๐˜† ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—ท๐˜‚๐˜€๐˜ ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿญ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ฐ๐—ผ๐—ถ๐—ป๐˜€. This scarcity is hardcoded, and canโ€™t change without everyone agreeing to debase their own savings, thus ensuring that ๐˜ฆ๐˜ข๐˜ค๐˜ฉ ๐˜ฃ๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ข๐˜ญ๐˜ธ๐˜ข๐˜บ๐˜ด ๐˜ณ๐˜ฆ๐˜ฑ๐˜ณ๐˜ฆ๐˜ด๐˜ฆ๐˜ฏ๐˜ต๐˜ด ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ต๐˜ธ๐˜ฆ๐˜ฏ๐˜ต๐˜บ-๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ฎ๐˜ช๐˜ญ๐˜ญ๐˜ช๐˜ฐ๐˜ฏ๐˜ต๐˜ฉ ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ต๐˜ฐ๐˜ต๐˜ข๐˜ญ ๐˜ด๐˜ถ๐˜ฑ๐˜ฑ๐˜ญ๐˜บ. This scarcity principle is a key non-speculative characteristic that underpins its value, independent of market price.

Moreover, ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฒ๐—ป๐—ฎ๐—ฏ๐—น๐—ฒ๐˜€ ๐—ถ๐—ป๐˜€๐˜๐—ฎ๐—ป๐˜, ๐—ฝ๐—ฟ๐—ถ๐˜ƒ๐—ฎ๐˜๐—ฒ, ๐—ฎ๐—ป๐—ฑ ๐˜‚๐—ป๐—ฐ๐—ฒ๐—ป๐˜€๐—ผ๐—ฟ๐—ฎ๐—ฏ๐—น๐—ฒ ๐˜๐—ฟ๐—ฎ๐—ป๐˜€๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€, making it inherently resistant to control or interference from governments, banks, or military forces. This freedom of transactability is a tangible attribute, not subject to speculation, and upholds the principles of liberty and autonomy.

While Bitcoin's price may be a playground for speculators who donโ€™t yet understand what theyโ€™re trading, ๐˜ช๐˜ต๐˜ด ๐˜ฎ๐˜ฆ๐˜ณ๐˜ฆ๐˜ญ๐˜บ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ต๐˜ช๐˜ฑ ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ช๐˜ค๐˜ฆ๐˜ฃ๐˜ฆ๐˜ณ๐˜จ ๐˜ฐ๐˜ง ๐˜ธ๐˜ฉ๐˜ข๐˜ต ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ณ๐˜ฆ๐˜ข๐˜ญ๐˜ญ๐˜บ ๐˜ช๐˜ด. Its true value lies in its foundational properties: decentralization, fixed supply, and censorship resistance. ๐—ง๐—ต๐—ฒ๐˜€๐—ฒ ๐—พ๐˜‚๐—ฎ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ฐ๐—ฒ๐—ฟ๐˜๐—ฎ๐—ถ๐—ป, ๐˜ƒ๐—ฒ๐—ฟ๐—ถ๐—ณ๐—ถ๐—ฎ๐—ฏ๐—น๐—ฒ, ๐—ฎ๐—ป๐—ฑ ๐—ณ๐—ฎ๐—ฟ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฎ๐—ฏ๐—น๐—ฒ ๐˜๐—ต๐—ฎ๐—ป ๐—ฎ๐—ป๐˜† ๐—บ๐—ผ๐—ป๐—ฒ๐˜๐—ฎ๐—ฟ๐˜† ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ. Hence, bitcoin is arguably the ๐˜ญ๐˜ฆ๐˜ข๐˜ด๐˜ต speculative asset in history, with its value rooted in absolute, immutable principles.

Next time you hear someone say that bitcoin is a speculative asset, ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ this with them.

Remember to ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– this, too!

What are some other verifiable qualities of Bitcoin that require no speculation?

Tell me in the ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ

Users which have trapped transactions will have the trapped if they dont learn what is rbf and cpfp... i do not understand this pushing. It totaly just decrrases value instead of adding value for bitcoin. Bitcoin is about assurances and at the same time it is about responsibilities. Let people be responsible, do not put cushions around them.

Why are you pushing this so much? Why cant we wait with this? Why are devs asking and deciding only on miners? What about how many regular users have opted it in?

Where is a bitcoin node without full rbf and enabled 0-conf.

this is an example post.