Just helped a class of '24 boomer take more bitcoin than I'll ever own into self custody. It's a bitter sweet feeling. https://m.primal.net/NiEn.mp4

You might've missed it, but Bitcoin recently hit a new all time high mining difficulty above 110 trillion.

Hashrate has been absolutely ripping...making the China mining ban look like a dip for ants.

Makes sense for large holders who want insurance.

Dear Satoshi, ... $%@!!!

It's been 4 whole weeks since bitcoin's made a new all time high. 👴

Here’s what ChatGPT has to say…

I think you’ve got it backwards.

Memory. I’ve got 128GB of RAM and am using all of it running 4-6 instances of this processing script.

Final frame 🍻

Bitcoin has only had 10 daily closes above $100k so far.

https://m.primal.net/NfbB.mov

Quick reminder that at this point post-halving during the early innings of the 2016 bull run, bitcoin had still failed to break cleanly above its 2013 all time high...and then a few weeks later, we were off to the races!

I’ve already got all of the data pulled from my node and stored in postgres tables, so core isn’t causing the current bottleneck.

The sheer number of UTXOs being analyzed at each block. More recent blocks have over 150M UTXOs at this point.

Imagine capitulating and selling your bitcoin at $90k. RIP. 💀

nostr:nevent1qvzqqqqqqypzpte0dqh4z2yes5kxv48lqed2gpdyr5279vwtdjghxy3kq46y7phxqythwumn8ghj7cnfw33k76twv4ezuum0vd5kzmp0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqspj0f3rrv9z5enjw33rwk9j0h52a9aqn8vvnc70kw30rje9zzuwysc037hd

Not quite.

MOAR FANCY!!!

nostr:note1evhygyjll0ggamjk0qvkmak6tm3uvw64jr6ex23zds0449e563kque4scg

I doubt it but we’ll see.

It’s not a function of energy cost, it’s a function of block space demand.

Class of 2013 remembers their last bitcoin purchases below $100.

Class of 2016 remembers their last bitcoin purchases below $1,000.

Class of 2020 remembers their last bitcoin purchases below $10,000.

Class of 2025 will remember their last bitcoin purchases below $100,000.