I started buying Bitcoin in 2017. It didn't DO anything.

I kept buying in 2018, 19, 20 and it still didn't DO anything.

Same in 21, 22 and 23... again, it didn't DO anything.

In 24, largely thanks to Bitcoin, I stepped away from my corporate life and I started to DO (different) things.

The issue with this is that whenever Bitcoin does go up like 5x, a lot of sellers *do* materialize. So it takes a lot more DCAing that one might think.

Like when the ETFs were gobbling up a lot of bitcoin, much faster than it was being generated, and people assumed it must go to the moon soon. In reality, there was also a lot of sellers out of cold storage from people who bought years ago.

nostr:note19wxszw9nvsgr9hdxl4euk3va2ywgmhf3h5ywjsplmq8ahv73jl4svrukgs

Would love to find a physical copy of this book

Gm, still thinking about RFK’s speech on Friday.

When you store your wealth in S&P 500 index funds, among the things you are “investing” in and funding are censorship, surveillance, big pharma, the sickness industrial complex, and war.

And so many people do this. They blindly, price-insensitively store their wealth, the result of their life energy on earth, in companies who participate in the aforementioned societally harmful things.

It’s a reflexive, inculcated behavior. It’s what the financial advisor class tells you is “prudent and smart.” It’s what Warren Buffett will tell you is “investing in America.”

It may be prudent and smart, in a dark, cynical way. But I reject the idea that investing in our own gradual spiritual and physical death as a populace is investing in America.

I tend to agree with RFK that the most important issues of our time are fixing our utterly toxic food system, fixing the perverse incentives of our broken healthcare system, dis-empowering the censorship and propaganda machines of mainstream media and tech conglomerates, and defunding war.

One way you vote for THAT is with your money, by saving in #bitcoin.

Another is with your eyeballs and your attention, by using #nostr.

So yes, we talk about our bitcoin price, and maybe we do it too much. But it’s because #bitcoin is a vote. It’s a tool. It’s a protest. It’s being the change you want to see in the world.

Gm #nostr

How much do you move off of strike into a hardware wallet? How much do you keep on? Do you move it all off and then move back what you need when you're paying bills?

If I were to move to a #bitcoin standard -/e.g. 90% or more of my income goes straight into Bitcoin, what tools can I use to pay my bills using Bitcoin.

A Google search brings up BitPay. And I'm already skeptical.

Yup

nostr:note16uj8dfuvf6f3j94mp6dfygv50urz2kx454zcfpcmq7frplrqxp3q53hyvl

Ok slowly learning how all this stuff works.

What wallets do you guys like using?

I had a coinbase one years ago.

#nostr #bitcoin #bitcoiners

Food for Thought 🤔 💬

Anyone who doesn't buy #Bitcoin will work for it

We are at a very strange point in time where you can buy the money of the future with the money of the past

This won't last long

Everything trends towards 0 in terms of Bitcoin, including rental properties

Today a home in the US costs ~7 Bitcoin

Most people won't figure it out until a home in the US costs under 1 Bitcoin

_______________________________________

#Bitcoin #ember #DCA #dca #hodl #HODL #sats #stacksats #soundmoney #corruptfed #stayhumble #btc #emberapp #Btc #zaps #zap #coffee #powerlaw

#bitcoin is supposed to be a shield against #inflation... So why does it rise when inflation announcements are low?

Oh sorry ! I was talking about the european vision of 'socialism', not the US vision of it (you seem not to distinguish between communism and socialism there).

i'm thinking of a number between 1 and 1 million

comment/repost/zap to guess the number

whoever guesses the correct answer wins all the zapped sats

if no-one guesses the right number within 48 hours, i'll send the sats to the nearest guess

here's the sha256 of my number:

fcf3e61d45d82dffb8bf5e0d31ec1a37334624db53e4b08407b5606a04b38231

let's play 😃

#fun #bitcoin #nostr #zap #zaps #grownostr #plebchain #memes #btc #reallifebitcoin #pleb #plebs #zaps #zapathon #nostriches #proofofwork #nostrplebs #nostrmemes #satoshi #satoshis #nostrich #lightning #sats #pv #game #challenge

#Bitcoin #Satoshis #Freedom #Apocalypse #Music #Movies #Philosophy #Literature

#grownostr #Stoicism #nature

APOCALYPSE ANONYMOUS by

ATOSHI ANARKOMOTO

The Most Dangerous Superstition

by

Larkin Rose

Book overview

When someone looks out at the world and sees all manner of suffering and injustice, stretching back for thousands of years and continuing today, he invariably blames such problems on someone else's hatred, greed, or stupidity. Rarely will someone consider the possibility that his own belief system is the cause of the pain and suffering he sees around him. But in most cases, it is. The root cause of most of society's ills--the main source of man's inhumanity to man--is neither malice nor negligence, but a mere superstition--an unquestioned assumption which has been accepted on faith by nearly everyone, of all ages, races, religions, education and income levels. If people were to recognize that one belief for what it is--an utterly irrational, self-contradictory, and horribly destructive myth--most of the violence, oppression and injustice in the world would cease. But that will happen only when people dare to honestly and objectively re-examine their belief systems. "The Most Dangerous Superstition" exposes the myth for what it is, showing how nearly everyone, as a result of one particular unquestioned assumption, is directly contributing to violence and oppression without even realizing it. If you imagine yourself to be a compassionate, peace-loving, civilized human being, you must read this book.

ok, I'm a brand new non technical user, first heard of NOSTR in a libertarian chat on Telegram, a few months ago. Yesterday on X, Reason posted an article "Nostr is a community-run digital network highly resistant to censorship and corruption." It caught my attention, so I found and joined this new platform for me. My interest are Canadian libertarian politics, general economics, general trucking as I'm a simple truck driver for a living, the carnivore lifestyle for my health and my family is most important to me.

As a non technical user, I must engage in my own learning curve and discover how I and this platform community can mutually benefit from my limited participation.

Cheers

Yeah, this is such a big and complicated issue. It's crazy how things have changed since Social Security was first set up. It’s like the system wasn’t built to handle all these shifts in population and life expectancy. I doubt there’s a way we can adapt to make sure everyone gets what they’ve worked for, without making it harder on the next generation. If there was a way I imaging a rough draft would have been proposed by now… oh well…Keep stacking I guess.

The triple Maxi #Bitcoin

I was thinking this morning about how we leave LED lights on all the time and don't even care, yet our grandparents would walk around turning off the lights whenever they left a room, and it got me thinking about the real #debasement adjusted electricity cost of 1960 vs today.

In 1960 an oz of #gold was $35, and a kwh of #electricity was 2.6 cents. So you could buy 1346 kwh for an oz of gold, which you could earn with 12.7 hours of labor at the #medianwage of $2.75/hr. This also meant you could buy 105.8 kwh of electricity with an hour of your time. A #lightbulb would use 60 watts, so would use a kwh every 16.5 hours.

Today an oz of gold is about $2600, which you can earn in 76.74 hours at today's median wage of $33.88, and the cost per kwh of electricity has "gone up" to about 16.5 cents meaning you could buy 15,757 kwhs with an oz of Gold, and you can buy 205.33 kwh with an hour of your time.

Relative to gold electricity has dropped in price 91.5%. But #wages have dropped in value relative to gold by 83.45%. So relative to hourly wages, the meaningful metric to people, electricity has reduced in price by only about 1/2.

However, in addition to the price of electricity falling substantially, the #electronics we use are also much more efficient. Today an LED light bulb will use only 10 watts, 6 times less than in 1960, and gives you 100 hours of light for only 1 kwh. 6 times more light for half the price, or 12 times more light for the same price! A 91.7% reduction in cost for lighting our homes relative to our labor hours.

On the median hourly wage today you can get over 20,000 hours of light from a single lightbulb for 1 hour of labor. In 1960 you could only get just over 1700 hours of light. Not to mention the cost to replace the light bulbs going down as well, due to their longer durability. This is a substantial improvement by almost any metric.

But what if wages had stayed the same relative to Gold because the world lived on a sound monetary standard the entire time?

If in 1960 an oz of gold could buy you 1346 kwh which would give you 16.5 hours of light each, that works out to 22,209 hours of light per oz of Gold. Since it would take you 12.7 hours to earn that oz of gold, 1 hour of median labor would get you 1748.74 hours of light.

Fast forward to today, cheaper electricity + more efficient electronics, an oz of gold will give you 15,757 kwhs of electricity which can power an LED bulb for 100 hours each. So an oz of gold now gives us 1,575,700 hours of light vs 22,209 hours in 1960. This means if wages had stayed the same relative to Gold then you would get 124,070.9 hours of light from an hour of your labor, instead of the 20,000 hours you can actually get today. All vs the 1748.74 hours of light you could get for the same hour of labor 64 years ago.

124,070.9 / 1748.74 = 70.94

71 times more light for the same amount of gold, thanks to efficiency gains in our light bulbs and improvements to our electricity generating capacity bringing the cost of energy down. The world is getting incredibly cheaper all around us all the time, we just don't see it thanks to the FIAT system. Due to this FIAT debasement, 83% of the efficiency/technological gains has been taken from us all. This is the real theft.

Monetary Inflation is theft, the growth rate of the M2 is the true inflation rate, not the CPI. Inflation doesn't just rob us of our past earnings in the form of our savings, it reduces our future earnings too by debasing our wages.

₿ clears the fog of debasement we've been living under, truly revealing the world of abundance we live in TODAY. If we embrace its simplicity as the best savings instrument ever discovered and/or created by humanity, then we will all truly prosper having freed ourselves from the yoke of bondage that is the centrally controlled FIAT currencies of the world.

You really don't need to work so much. Have a new perspective, lower your time preference, live as frugally as possible within your means and do whatever you can to save as much of your money in BTC and you will be free of the drudgery much more quickly. Buy second hand whenever possible, learn how to cook at home and buy tools that assist you in that endeavor such as a quality blender / slow cooker / pressure cooker / rice cooker / bread maker etc. When you're free, you'll be able to use your time for more useful and important endeavors such as thinking / writing / inventing / volunteering and so on, and also have more time to spend with your family and friends.

Contrary to what many today feel, life is worth living and it can be much more meaningful. The future is bright and full of hope, you just have to leave the cave to see it.