The bitcoin price makes sense if you think that it’s somehow conscious, trying to throw off speculators and their leverage, like a wild animal trying to rid itself of parasites.
Proof of work only
No free money
Let’s imagine that a single private key is created with 128 bits of entropy.
If three such keys are used in a 2/3 multisig wallet, what would the entropy of the individual private keys of the individual UTXOs in that multisig wallet?
I’m wondering whether it would be 128 bits or something more?
I’m just wondering about private keys created on pseudo random generators and whether there is a benefit from multisig setups.
Is there any entropy boost in a multisig wallet compared to a single sig?
I’ve been looking for the answer for a while, and no luck. Hopefully someone here knows.
#asknostr
It’s funny to watch them trying to apply equity valuation models to bitcoin. Digital asset with only intangible value? Divide by zero, head explodes. 🤯
The problem is that nobody teaches monetary valuation in MBA schools.
Is this the reason nobody except the treasury want to hire me? https://video.nostr.build/96ef531b06fc689b870176a18877dcedb7abada46f960758102bd4e80f69bc94.mp4
💯
I see pronouns and the person goes to the bottom of the pile.
Yay!! Got it! 
The ETFs take away the govt’s ability to use financial repression to deal with the debt spiral. As Americans continue to pile into the ETFs will the govt raise taxes? Seems politically difficult. Do a 6102 on the ETFs? 🤔 Whatever happens, going to be interesting to watch.
Interesting how the prosecution needs to prove in #3 that the subject didn’t engage in sexual conduct. Seems tricky.
Congrats, you earned a W 
We can have more free time and use it to build freedom tech
GM to our Middle East nostr fam
Retail is learning …
✅ don’t use leverage
✅ buy the dips
Basically, stay humble and stack sats…
Large international entities won’t trust the US to custody their coins.
This is how I believe it will play out:
The ETFs will fill up as we climb the retail and hedge fund S-curves in the US.
At some point the ETFs will saturate (probably in a few years) as all US retail investors (except the few at the top of the S-curve) have maxed out their core BTC holdings.
The entry of large international entities will create buying demand outside the ETFs.
As the price fluctuates, US holders will eventually sell transferring those coins outside the US. We’ll see this a the ETFs starting to drain while the price is rising.
The chart shows that this is currently happening with the gold ETF in the US. The gold ETF is draining while the price is rising. This implies that foreign buyers are taking possession.
This is in our future. At some point, we’ll know foreign governments and large international companies are buying bitcoin because the price will rise while the US ETFs are being drained. 
I just realized that we can use the ETF flows to measure big global capital accumulation.
The ETFs will be used by retail and small capital pools but I highly doubt governments and large institutions around the world will trust the US with their bitcoin.
At some point, the number of bitcoin in the ETFs will slow or even start to drain out…with the price rising.
That’s the signal that these large global capital pools around the world are now in accumulation mode.
It’s fun to watch out for the milestones on our path.
This is why the national digital ID programs being pushed across the world are so dangerous. They’ll tell you it’s for efficiency and for your protection. They’ll lure you into it with free handouts of their printed money. Soon, you’re required to use it to sign into your internet, bank, phone, airlines, etc.
Now everything is tracked. Your purchases, who you meet with, where you go, what you say online. Your “good citizen” score is calculated to punish you for noncompliance.
If you buy the wrong food, attend opposition political rallies or say something online that they don’t like, they can “flip the switch” and instantly deperson you. Your credit cards, your phone, everything won’t work. People who meet with you are punished too.
You are forced to fight back with no resources against their unlimited resources. Even if you somehow win, they won’t be held accountable. Win or lose, you’ll waste years fighting and the toll on your family will be enormous.
One day, you’ll wake up and realize you know longer have rights of free speech and due process. You and your children are no longer citizens; you’re now subjects.
In Spanish, non-binary is especially tricky. Apparently you have to choose nonbinario or nonbinaria depending if you’re male or female. 🤷♂️
