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Seth Michael Steele
ae58c1fbe17c649a9c5f2b487aa152003b9dbc43c91c7840676cb624a0b9fbdb
We must live together as brothers or perish together as fools #Bitcoin

There is no asset I would hold over #Bitcoin. The opportunity cost is too high. I imagine Wall Street will meander their way to the same conclusion.

The amount of #Bitcoin that a company holds will continue on an upwards trajectory until it becomes one of the most important factors to consider when deciding who to invest in.

ICYWW:

This is where my #Bitcoin comes from.

I bust my ass for it.

I don’t have enough. I don’t plan on stopping until I’m at heaven’s gates.

Maybe I’ll upskill, maybe I’ll change careers, but I’ll always be a builder with creative tendencies.

I could build you a house, I could code you an application, maybe not the best, but it would be my best.

Life deserves nothing less. https://video.nostr.build/9e763784c0361761b1d660786b9fce49b331f435bb9ddd85dad0e93e66c6166e.mp4 https://video.nostr.build/2e8e532d5496caa0f599411cf0fd7559fbec3e7f2b6db5fae2cc777cbaad7bc6.mp4

#Bitcoin:

Money so good it should be CRIMINAL.

They will try!

At the end of the day there isn’t a single line of code in #Bitcoin that is malevolent. #Bitcoin will always be neutral.

As money should be.

“BUT WHAT IF BAD PEOPLE USE IT”

WHAT ARE BAD PEOPLE? I promise your ideas of a bad person are mostly subjective.

Is protesting illegal? Only when the government can’t control your money.

Is free speech/code protected? Only if you don't offend anyone important.

Is privacy a right? Only if you've got nothing to hide.

Is life fair? Only if you believe in fairy tales.

The people have become too complacent when it comes to unfair treatment. Don’t we realize we have a right to oppress our oppressors???

This isn’t the golden rule…

This is the #Bitcoin rule: Opt out and be the oppression you wish to see in the world.

Too many good things/people are oppressed today, #Bitcoin is the first step in oppressing the bad.

It was never up to the regulators, and you can tell because they’ve never done their job as well as the free market, but what is the free market?

THE PEOPLE!

Why would you trust anyone over everyone?

As a Bitcoiner trust doesn’t come easy, but I trust the free market assuredly.

I’m a spot #Bitcoin only maxi. There is no second best, so why would I settle for a knock off when I could have the real deal: #BTC?

My face is starting to melt and demand from the ETFs hasn’t faltered. At this rate #Bitcoin supply shock is unavoidable and fast approaching.

ETFs were only approved a month ago, can you imagine the impact they will have over the next year?

It’s obvious #Bitcoin and the buzz around it is heating up, but how long until we see intense levels of FOMO beyond the people who have been stacking and already understand #BTC?

#Bitcoin has been and will continue to make history. Demand will continue to grow. Even if the scam coins get ETFs there will be no second best ETF.

I’m excited to watch the #Bitcoin Super Bowl ads with the family.

There is no second best type of Super Bowl ad, I’m curious to see which ones will be my favorites.

Wouldn’t be surprised to see a coordination from bigger players to cause a rally as the ads air and an equivalent reversal in the following days. Not trading, just enjoy patterns and #Bitcoin.

What do you trust more code or politicians?

Wrong, don’t trust verify!

Politicians are harder to verify than #Bitcoin’s supply, transactions, or monetary policy.

When it comes to my hard earned money; I refuse to let it ride on ANYONE’S word. I am okay with the volatility, because my percentage share of total supply will remain constant if I hold and increase when I stack more.

FUDsters will make you think #Bitcoin has an evil genius behind it, there is genius, but there’s no centralized plan or party, just a bunch of individuals who have been financially liberated.

#Bitcoin isn’t a threat, it’s a promise. An assurance that you WILL have a lifeboat if you NEED it.

When it comes to protecting my wealth: I don’t like to mess around. Rising inflation, ballooning government debt, and a weakening native currency make my life harder than the generations before me: my grandfather put himself through college and bought himself/his mom a new vw bug all off of a part time job as a gas station clerk.

Meanwhile I work full time: blood, sweat, and tears, and I can’t afford to move out of my parent’s.

WHAT HAPPENED?!?!

Well the currency my grandfather traded his time and energy for back then is completely different than what I trade my life for now…BEFORE I BUY #BTC.

#Bitcoin isn’t just my safe haven, it’s a beacon of hope: maybe we can break this chain of worse and worse, and I can have it better, even give my kids something more so.

We aren’t “borrowing” from future generations when we print money. We are stealing from the mouths of those who have yet to be born yet, which is arguably worse than stealing from a baby…stealing from someone who doesn’t even exist yet. 🤡

Not on my watch.

I’d prefer to stack for those who don’t exist yet, as well as those who are no longer with us. No asset achieves such a global unionization whilst preserving individual freedoms and identity as #Bitcoin does.

#BTC is the alternative that will alter the mainstream view of money and trade.

EVERYONE’s perspective on #Bitcoin has shifted. ETFs were the straw that broke the camel’s back, there’s little excuse not to have some exposure.

I’m excited to see people who I used to bring #Bitcoin up with start to bring it up with me. The tables are turning!

Don’t let them forget that there’s no second best.

Don’t let them forget if they don’t hold the keys their coins can be rehypothecated!!!

#Bitcoin became a top 10 asset in less than 2 decades. It’s not a scam and it’s not gonna stop.

BlackRock just hit $1 Billion worth of #Bitcoin. They aren’t going to stop either.

I’m a simple man: I like stacking sats, hodling #Bitcoin, and only trusting my value to be stored with Satoshi’s Child.

If I get more value I store more value. #BTC motivates me to do my best, and that’s all I can do. It’s never enough, but it is.

STACK THAT CORN YOU TURKEYS!!!

#Bitcoin

(Imagine a cool video of me throwing corn to turkeys, file was too big 🥲)

https://x.com/s_michaelsteele/status/1754666348330860970?s=46&t=7b18-pXV6grQDsm9GlQWnw

#Bitcoin is no threat to governments…unless they make it one. You can’t ban #Bitcoin; you can’t kill #Bitcoin; and no one can stop #Bitcoin.

#BTC is used to bypass financial censorship; avoid sanctions; and is both an alternative to the traditional banking system and a means to bank the people traditional banking has excluded.

Those who embrace #Bitcoin, individuals or nation states, will be laughed at, then envied. It’s never been luck. It’s only thinking for yourself.

Regardless of any FUD that can be flung; #Bitcoin’s influence on the global financial landscape has continued to grow and evolve.

Meanwhile, the Dollar has been devolving, all fiat has…why compare #Bitcoin to cash when cash is no longer what it was meant to be in a semi-cashless society, trending towards CBDC corruption.

Fiat money’s innovation has stagnated. #Bitcoin is just starting to blossom. It is money that gets worse vs. money that gets better.

I don’t care about ETF demand, why? Because I want more #Bitcoin!

I still don’t think #Bitcoin’s growth will slow. ETF’s are a turbo on FOMO, our foot isn’t even on the pedal yet, patience!

Don’t be mistaken.

Nation states are already starting to FOMO into #Bitcoin. While it may not be the wealthiest nations; the process has started.

It will continue to work its way from the bottom up, lifting its adopters with it. The wealthiest nations have been playing king of the hill.

They won’t be incentivized to switch hills until people stop trying to climb their’s, and people have only started to realize there is a different hill, which is value in its own, but this hill could be magnitudes better. No matter the case, this hill is more honest and fair, plus the path ahead is blatantly clear.

Game theory is underway with the ETFs, the USA green lighting our ETFs has had a ripple effect causing the more critical nations to reevaluate their position on the asset.

It seems like the #Bitcoin party is starting, and there’s no telling when it will end!

21.

A very important number, but only half of the meaning of life, the universe and everything.

Much like how money is only half of every value exchange.

Satoshi liked the number 21.

No one can be sure why, but every Bitcoiner recognizes its prevalence.

There will only ever be 21,000,000 #Bitcoin and there are 210,000 blocks per epoch.

21 is a sign to trust God’s plan; in life it symbolizes growth, transition, unity, and positive changes.

We found absolute scarcity in the 21st century, that was only the beginning of our societies evolution. What will centuries of empowered individuals bring???

Fed could start cutting rates in March; it’s before I expected; and possibly better too. It seems a perfect storm is forming for the halving event, will we see a decent dip after it takes place?

I’ve always felt that the average cost to produce 1 #Bitcoin is a metric that isn’t given enough merit. It has served as a useful gauge for measuring the floor price of #BTC.

Current estimates put this number at ~$27k, but it’s hard to be certain as this number can range from 100s of dollars to 100,000s of dollars depending on the electricity costs in your region.

All the numbers I find vary slightly, so when I get some free time I plan on cross referencing the hash rate contributions of different regions with the average cost of production in those regions to arrive at my own number, whether it lines up or not. It’s a simple equation, but presumably too tedious to tackle on a work night. KISS!

I’m under the assumption that current estimates are at least a little low, as the U.S., China, and Kazakhstan make up for 78% of total hash rate, and their cost of production is as follows:

United States: $35k

China: $32k

Kazakhstan: $28k

All of these numbers will be doubled as soon as the halving event takes place in a few months.

Who knows what will happen to energy prices over the next decade?!

Moral of the story:

Cost of production only really helps finding the approximate bottom of the bear, and everyone’s numbers vary slightly, at the bottom of the last bear what I found was $20k cost of production, today I found an article saying cost of production in December ’22 was actually $15k (main reason I want my own number(don’t trust: verify)), APPROXIMATE.

Currently, market price is trading at a slight premium compared to cost of production, but it’s still at a steep discount compared to what cost of production will be in a few months.

I’m acting accordingly…

You are a real one if you made it this far 🧡🍻

6 billion people addicted to facebook products?!? Cringe moment 😔 (some people were probably double counted, but that’s still insane)

Nostr fixes this 😎