#Zapping or #reposting your content goes beyond merely signaling to algorithms; it's about tangible support and amplification. Zaps, akin to Bitcoin tips, directly reward your effort, providing tangible value.
Meanwhile, reposting signifies an endorsement, elevating both your content and the re-poster's reputation within their network. Likes, while appreciated, lack the transformative power of zaps or reposts.
Encouraging these actions not only boosts your content's visibility but also fosters deeper engagement and community involvement, creating a win-win scenario for both you and your followers.
Zap or Repost I agree ☝️ Likes are superficial nostr:note140d7rdvfwntmrcgxhh4tz3rz0dm3j877lxvmuy3z6emsxynh699szaauqz
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a 🫡 nostr:note1mc36qeww634g6gqt937l50mhals4nszda3uaq07mg34a22cxym5qcealw0
#Bitcoin's current limitations, such as high transaction fees and slow processing times, make it impractical for small, everyday purchases like buying coffee.
President J#oeBiden's proposal to increase the capital gains tax for high earners could further deter its widespread use for such transactions, as it could increase the tax burden for those who choose to spend their bitcoin.
However, second-layer solutions like the Lightning Network offer promise for facilitating faster, cheaper transactions, potentially making bitcoin more viable for everyday purchases in the future. Until then, it's more likely that bitcoin will be primarily used as a store of value or for larger transactions.
The notion that there are no truly unique ideas isn't uncommon. Ideas often build upon existing concepts or emerge from a synthesis of multiple sources.
For instance, Bitcoin wasn't created in isolation; it drew from various concepts in cryptography and decentralized systems, as championed by cypherpunks.
So, it's fair to say that innovation often arises from a combination of existing ideas rather than from a single stroke of genius.
There are not unique ideas or genius that on a unique idea. Big Ideas are a collection of other ideas before them and someone connecting them in a special way. 🤓🙏
Humans are often incentivized to create more of something that becomes valuable over time. However, with Bitcoin, this incentive is limited due to its mathematically scarce nature. Unlike fiat currencies, which can be printed indefinitely by central banks and governments, the supply of Bitcoin is finite and cannot be increased through human intervention. This inherent scarcity ensures that Bitcoin remains a valuable asset over time without being subject to fluctuations in supply or demand that can impact traditional markets. Ultimately, this creates a unique economic ecosystem with distinct potential for long-term growth.#Bitcoin #Scarcity #Economics
https://youtu.be/4cDCwQbZzxI?si=kyPSaxzi1AsOhZyD
#Wbtm
Hodling Bitcoin is manumitting one self and/or future generations from corrupt monetary fiat system.
Giving yourself and others freedom!
Bitcoin mining is an economically incentivized process that encourages miners to locate and use the most efficient energy sources available. As a result, there are incentives to develop and extract energy from remote areas with untapped natural resources. In line with the Kardeshev scale, Bitcoin provides a framework for achieving Type 1 civilization status by utilizing and optimizing our planet's energy capacity. Ultimately, these efforts toward sustainability could have global benefits beyond simply supporting the cryptocurrency ecosystem.#Bitcoin #Mining #EnergyEfficiency
https://youtu.be/V37LJY6P8NM?si=6hRNEWbtqgKPEvGV
#Wbtm
The Federal Reserve has the power to run in deficit and create money out of thin air through a process known as quantitative easing. This approach, often used during times of economic crisis or recession, involves purchasing government securities and injecting new capital into the economy. While this method can stimulate growth in some cases, it also carries potential risks such as inflation or devaluation of currency. As people become increasingly aware of these issues with fiat currencies, cryptocurrencies like Bitcoin offer an alternative model that is decentralized and resistant to government intervention.#FederalReserve #QuantitativeEasing #Bitcoin
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It's difficult to acknowledge and abandon past beliefs that have been proven false, but it's crucial for personal growth. Our belief systems are often deeply ingrained within us, making it challenging to let go of erroneous ideas. However, the ability to discard outdated theories and embrace new information is key to adapting to changes in technology or societal norms like those seen in the cryptocurrency markets with Bitcoin. By keeping an open mind, we allow ourselves to learn and evolve in positive ways.#PersonalGrowth #BeliefSystem
https://youtu.be/3bXCIxigV60?si=bOsBJ2X4kymO3hsW
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It's crucial to define and design a solid inheritance plan if you own Bitcoin. Unlike traditional assets, cryptocurrencies can be especially vulnerable to loss or inaccessibility due to theft, forgetfulness, or the death of the owner. By creating a comprehensive plan for your loved ones that includes clear instructions for accessing and transferring your assets after you're gone, you can ensure that your Bitcoin holdings remain secure and accessible over time. Don't wait until it's too late; start planning for the future of your digital assets today.#Bitcoin #EstatePlanning #Inheritance
https://youtu.be/eQeYoRw9VkY?si=JFiMW7f8Q7trKvHG
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Economics 101 Supply & Demand Curve
The #supply&demand curve succinctly elucidates Bitcoin's long-term price movements. With a capped supply of 21 million coins and a steadily increasing demand, scarcity becomes a fundamental driver of value.
Unlike fiat currencies subject to arbitrary inflation, Bitcoin's fixed supply ensures its scarcity over time. As demand surges, particularly in the face of growing institutional adoption and mainstream acceptance, prices tend to rise.
This dynamic equilibrium, underpinned by immutable scarcity, positions Bitcoin as a deflationary asset, making it a compelling long-term investment hedge against traditional inflationary pressures.
What is #bitcoin for you?
Best book ever, I learned a lot, follow nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a 
I would expect that the natural incentives of bitcoin come in to play to develop or consume renewable sources of energy.
What do you think about #PayPal move?
https://decrypt.co/227656/paypal-wants-to-give-green-bitcoin-miners-extra-btc-rewards
“Bitcoin transaction fees have plummeted following the halving event. Data from Mempool.space indicates that medium-priority transactions now average $8.48, with high-priority ones at $9.32. This marks a stark contrast to the fees exceeding $146 and $170, respectively, observed on halving day.”
Bitcoin can be a complex concept to grasp, especially for those who have grown up in developed countries with more stable currencies. However, this doesn't mean that people shouldn't make an effort to understand Bitcoin's potential benefits, including its ability to serve as a store of value during periods of inflation or economic instability. Even in countries like Argentina where financial insecurity is more apparent, not everyone may fully understand the nuances of Bitcoin. What's important is being open-minded and willing to learn how new technologies can shape our world today and tomorrow.#Bitcoin #Inflation #FinancialEducation
https://youtu.be/aNJxTWbbDB8?si=iokaWKvWWS_4G49b
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Bitcoin's difficulty adjustment mechanism is a critical feature that ensures the stable operation of the network. As more miners compete to solve a block, the difficulty level increases proportionally, thus maintaining a steady mining rate and preventing manipulation of block times. Conversely, if there are fewer miners on the network or hardware changes make mining less efficient, the difficulty adjusts downwards to incentivize miners back onto the network. Ultimately, this system ensures that Bitcoin networks remain decentralized and secure without being vulnerable to external factors like electricity shortages or nation-state intervention. #Bitcoin #DifficultyAdjustment
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