If a dollar equaled a sat, that would be a $100,000,000 bitcoin price and a $2 quadrillion market cap. That would be all the current money in the world and then some if my math is right. Maybe lower expectations a little
#asknostr where are #nostr “communities”?
#stoic #stoicism #philosophy 
that looks interesting, and to be fair I only skimmed it but this jumped out at me “Crucially, with FROST you don't have to worry about storing additional metadata about your wallet. You only need a threshold number of devices (or their backups), nothing more.” So, I think this is why the seed phrase is superior because it doesn’t tie one to a vendor or their devices, unless I’m reading it wrong
#gm #music #musicstr #tunstr Jimbo Mathus & Andrew Bird - "These 13" (Official Film) https://yewtu.be/watch?v=2lIUm8cXIGs #art #artstr #coffeechain
I mean, technically Satoshi’s organization is still active in the growing blockchain of bitcoin and the ongoing development of Bitcoin Core
A man can dream.
If you really want to buy KYC BTC and not pay cap gains, you can always renounce US Citizenship:
https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
ahh yes, the final solution 🩷
Owning KYC #bitcoin is like saying you have a girlfriend, but she lives at the IRS and you have to ask the IRS permission to take her anywhere.
And the IRS charges you a huge cut for keeping an eye on her.
nostr:nevent1qqsr6mq4z6tkzwmfycu96e8wm2024etpnu4s5x58tj47gg6ulm5g2zgrvg5gn
unless capital gains tax on bitcoin is eliminated
yes! It could drop back down to under $500K
ok everything keeps pointing me to the bitaxe. I see a purchase in my near future. Thanks again, Dan
I want to get involved in OCEAN, but I haven’t determined the minimum setup I’d need to make any bit of difference, but this is on my to-do list along with setting up a node
to alter a quote from Mort the Mouse Lemer of Madagascar fame, I’d say “you hate coffee compared to how much I love it”
This is a good article.
https://unchained.com/blog/small-utxo-bitcoin-dust/
There is a helpful table to help you decide what side your UTXOs should be given what percentage of your UTXO you are willing to spend in fees and what you project the future fees to be.
thank you. It’s surprising to find a new concern after being in this space so long. Again this is why I came to #nostr
You’re right, and it’s the fact that so much of that hashing power is getting into one set of hands that’s the biggest problem for bitcoin. Increased global hash power is good if it’s spread around evenly among altruistic bitcoiners. You can still be a peer by running a node (and accepting incoming connections) without doing any mining, and every bitcoiner should do this to help balance the network, but nodes can’t stop 51% attacks if a large player with unlimited funds sets their sights on that goal (blackrock?) The white paper doesn’t mention the 51% attack vector, and I haven’t studied enough to know when it was realized, but either way, now the most important thing to do to help this problem is quadruple, scatter geographically and further decentralize the mining efforts, and I hope to see those with large audiences in this space strongly recommend developing mining facilities to each new country proposing a bitcoin reserve as a natural part of the process- they should think of it like insurance for their investment (except this insurance earns you money lol). I think it’s part of the formula for global success of fiat replacement. The little guys can’t compete anymore mining and it sucks, but it’s also why the network scales & works. Cheers! Thanks for the initial question. It’s the kind of thing that I’m here to work on. I don’t know everything, but I refuse to stop learning! Have a great weekend!!
GM #coffeechain I’m panicking a little about my UXTOs this morning after reading about the perils of leaving coin scattered across many addresses in a wallet or having dozens of small transactions to the same addresses from dca-ing for years. I never even thought about this being a problem. I’ve always had a stack-n-forget attitude, so I’m torn between leaving everything alone or consolidating. Going to watch nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 tutorial video as recommended here. Anyone recently do this? Any tips? #asknostr 
