To have the people around me happy and stress free. To have freedom to enjoy my environment. To have my time to do with however I wish. To be without excessive worry or stress. To feel serene most of the time. To eat fresh and various foods. To be free of pain. To be of sound mind.
Fuck that was good. I identified with Mark Baum (Steve Carrel's character) the most.
How he saw things is how I see things. The entire Fiat system is a house of cards built on a foundation of corruption and death (war), all it does is hurt people. Owning Bitcoin is effectively shorting this corrupt system because it really is doomed to fail, if/when it does we'll rebuild on sound money.
My hope is the house of cards lasts until Bitcoin reaches parity with it, so the collapse won't be so bad. We'll see what the next decade looks like. It'll be a wild ride whenever it comes, if we're lucky it'll just be a bumpy transition. Fingers crossed.
#TheBigShort
#Movienight
#Bitcoin
Starting my Blu-ray copy of The Big Short.
First time watching, excited as the cast is great and I've heard great things. 😁
Here we go!
Bitcoin Price goes up, online activity surrounding Bitcoin does too.
Bitcoin Price goes down/sideways, online activity surrounding Bitcoin does too.
Such is life.
Might be sooner than that. But idk. 🤷♂️ 
Analysis of Bitcoin and its relation to energy is such an interesting field that is developing alongside the network.
Bitcoin fundamentally changes how humanity interacts with energy and time forever, and our understanding of this change is only just beginning.
Fiat is probably as far from a perfect measuring stick as one could get, but as it's currently the unit of account globally I feel it can be useful as a simple substitute for energy measurement and analysis of network growth trends until we start measuring energy more directly with joules or other.
Appreciate the response, I look forward to discussions like this becoming more common and in depth as adoption and understanding of Bitcoin grows.
It's based on a few things. Firstly, based on my personal model I expect Bitcoin to reach a minimum of $1,000,000 per coin by 2028, $10M by 2031, $100M by 2035 and so on until the mining network's growth slows down which isn't happening anytime soon. This is based on the 0.2046% average daily growth of the potential bottom seen outside of major macro events causing long term growth to be delayed as happened in 2020/2021.
As the mining network continues to grow over time, and the halving and difficulty adjustment continues to reprice the Bitcoin rewards relative to energy input, the value of Satoshi's will rise to be large enough to divide with little controversy. For without further division the network will gradually become unusable over time as the value rises.
Once this division occurs, the transaction fees can further drop and extend the block subsidy's use as the primary block reward. When we increase division on a regular interval automatically akin to the difficulty adjustment, then the final block subsidy will not be in 2140 on the 32nd halving but in 2268 on the 64th halving when the world will have been using Bitcoin for over 250 years.
But after only 50 years the world will see Bitcoin as a necessity and not a curiosity, and a block subsidy and transaction fees will gradually no longer be the primary reason to mine as simply securing the network becomes it's own reward. Therefore the transaction fees will never support the mining of new blocks, for we will instead see a transition from a world of mining blocks for the block subsidy to a world of mining blocks for the security benefit it provides.
"I don't know" is the more honest and accurate statement in many cases. I generally use it, but in this case my view is that the cost of energy ultimately plummets to nothing as energy becomes abundant. At that point energy's primary use becomes to secure the Bitcoin network and our own savings, then when the block reward won't be replaced by transaction fees as the reward will be users simply helping to secure the network.
Users will possibly subsidize the network to secure their own savings. In hundreds of years when the block reward drops to zero the world will look completely different. We may not even need Bitcoin at that point, perhaps Bitcoin is transitory to whatever the future ends up being.
As for the last point, it's hard to say what we will use to measure the ever growing spending power of Satoshis in the future. The dollar and cents will only be useful for so long until Bitcoin becomes the dominant money globally. Perhaps we'll measure value in Gold oz, I don't know. But we're at least a decade away from the downfall of the dollar IMO.
Transaction fees will never support block creation in place of the block rewards.
Bitcoin's value growth will exceed expectations and make it necessary to introduce a regularly occurring decimal shift with increased division very soon.
Satoshi even suggested this could one day occur (see attached image) and in the code included the limit of only up to 64 halvings being allowed, even though the math of current divisibility means we can't have more than 32 halvings.
It is likely the network will fork within the next decade into one that divides further and one that doesn't, with possibly no other major changes.
This need for increased divisibility will be clear when Satoshi's reach ¢/Sat parity in the next few years. IMO consensus will be found for adding a function to increase all balances by 10 with every halving, including a 1 time adjustment to add a 0 for every halving that's already occurred since network creation. If this were to occur by the 2028 halving, than we would have added five 0s to the network after that date. One Sat today would be worth ten thousand Sats tomorrow. This would effectively gives a "Coin split" and make the network easier to work with in small amounts while maintaining the current ratio of balances between users.
We can keep the meaning of 1 Bitcoin = 1 21 millionth of the whole network, thus maintaining the ♾️/21 million aspect of Bitcoin's scarcity narrative, but we can increase the number of Satoshi's each Bitcoin contains within it to maintain usability over the long term.
This would also help us naturally shift towards thinking in Sats over Bitcoins, as the number of sats you own would multiply by 10 every 4 years while the fraction of a Bitcoin would be unchanged.
☮️🧡₿
*Not an April fools joke*
Have not seen this before. Very interesting!
Tell them you know about jury nullification. Lol
Fiat democracy isn't democracy.
Fiat capitalism isn't capitalism.
The struggles of the common people and the breakdown of the social order resulting, is the fault of FIAT.
Bitcoin fixes this.
Bitcoin is still on track overall, even if different from previous bull runs. The longer the buildup the higher the climb.
Current daily low so far: $81,300.10
Expected minimum daily bottom: $79,253.63
Ratio between actual daily bottom and expected daily minimum: 1.02582.
Since 10/27/2015 Bitcoin's price has been above my calculated daily bottom minimum price 98.8% of the time.
Daily bottom trendline can be shifted downward due to global macro events, such as happened in 2020's Covid crash (10% shift) and in 2021's China mining ban (72.6% shift), but rate of growth (slope) remains unchanged.
I was homeschooled and religious as a child, as an adult I've mentally worked my way through:
1: Religious belief
2: FIAT belief
3: Nationalist belief
4: Woke belief
I'm about as far from normal as possible at this point lol. Kinda lonely, but also very freeing. Life is full of possibilities and potential, I look forward to the future more than ever before.
I'm loving movies. Old movies mostly! Built a 1000+ movie collection on disc and watching old stuff regularly.
Recently watched the animated Beauty and the beast, amazing movie! Incredible artwork.
Watched Gladiator a few days ago. Epic film and so will done.
Why even bother with new movies when there are hundreds of incredible old movies, better than the new ones available for only a few dollars each on eBay with the benefit of permanent ownership and sharing?
Don't trust, verify. Whenever a medicine is recommended look into the sources to see if the data supports it's use. There is too much bullshit in the mainstream, but there is beneficial science buried among it as well. Don't throw out the baby with the bath water, dismiss unverified medicine unless you understand it enough to trust it based on your own research.
FIAT has corrupted everything, science and medicine included. But real science and medicine is still out there, and will reveal itself to those who spend the time to verify it for themselves.
Never fished and camped with friends like that before, I look forward to the day I do! Great looking catch. Dinner was probably delicious. 😋
96.
The formula is the first number times the second number plus the first number to get the total.
8*11 + 8 = 96
Every once in a while sure. Not everyday though.