BIP39 flow chart

End of an era.

GM fam. What is one positive thing you plan to do for yourself today? What about for someone else?

Me: gym

Wife: flowers

Ten days ago, we were expecting a downward difficulty adjustment of 4.5%

Then the clowns started spamming the blockchain.

The recommended fees went up.

The mempool had half a million pending TXs.

So miners hit the NOS button to collect as much of these clowns' money as possible.

Now we're expecting an upward difficulty adjustment of 2.25%.

Fees are affordable again.

Mempool is down to 250k pending TXs

What to take from this.

The incentives of the Bitcoin network actually work.

When you try to attack the network, it just becomes more resilient.

The clowns don't have deep enough pockets.

Whether efforts are intentional or not is up for debate, but current monetary and fiscal policies are hollowing out the middle class creating an ever-growing divergence between the “haves” and the “have-nots”

Financial repression, holding interest rates below the rate of inflation, will ensure that over-levered middle class people will be wiped out.

Interest expenses will form a higher component of weekly budgets, while those will investment properties navigate rental moratoriums.

Even still, rental prices surge to beyond affordability for most wage earners.

Excess cash flows will disappear. Savings will erode in a last ditched effort to save the house or investment property.

Wages will lag behind the rate of inflation, eroding purchasing power and evaporating excess cash flows.

The passive-investment funds we have been educated to use will implode. Rotting away retirement savings.

The CBDC narratives build a false sense of security in the use of cash. People advocate for holding cash, thinking they are fighting the system, while their purchasing power erodes.

Eventually, people lean toward government for salvation. It will be the perfect opportunity to introduce the CBDC and global adoption will not only be accepted, it will be celebrated.

You will rely on the government stimulus to feed, clothe and shelter your family. The dependency will not be optional, but a necessity for survival.

Governmental controls will now easier as they control the populous through the monetary system. See China for examples. Not to say they will, but definitely that they could.

All this is true, unless of course, you stack #bitcoin.

Bitcoin truly is the only path I see forward for wage earners to protect themselves.

It is the ONLY asset outside the control of central planners that is accessible, usable and storable for every day people.

Bitcoin is hope, it’s not just a meme. It’s reality.

I think the market demands more block space as the amount of mining increases because it is directly proportional to the level of security of the network.

More mining = more security = more demand for Bitcoin as a store of value

Also in your “opportunity cost” remark, it should include the fee rewards, which recently exceeded the block reward, and will likely do so again in the future.

I think the market demands more block space as the amount of mining increases because it is directly proportional to the level of security of the network.

More mining = more security = more demand for Bitcoin as a store of value

Also in your “opportunity cost” remark, it should include the fee rewards, which recently exceeded the block reward, and will likely do so again in the future.

Random first trial post: today, March 14th, is the 29th anniversary of the Linux 1.0 announcement.

Of course, there are other arguably more important dates in Linux history, but this is one of them.

Wifey has been subtly bugging me to replace the sofas for years (it was falling apart & the cat had scratched the hell out of 1piece). Recently it's become less subtle.

I was waiting for bitcoin to moon again 🤣

I picked up a second hand sofa setting at the tip/dump shop for about 500k sats. I'm going to have it for at least another cycle.

🤷

🏳️‍🌈

Subsidy epoch 10 :)

*Block space fee market.

The shitcoiner subsidy will likely go away soon, and we'll be primarily left with the standard subsidy, which is what motivates the miners.