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₿obby₿uckle
b971bd5e09d65cc8832d3b739a5def037514dda121daf9f815b3930f6ffb1f4c
#Spurs, Football and #Bitcoin on Nostr. Other interests irl. #FuckFifa and #shitcoins

Back to back Tottenham Hotspur matches now. First the mens team in 40 mins. Against Saudi United branch Newcastle.

Then the womens team vs Manchester United at 18:45 UTC.

Both in my TV/ streaming subscription😁

#Spurs #Tottenham

Vic

Porro Romero Davies Udogie

Biss Kulu Sarr

Richie Johnson

Son

#Spurs lineup vs. The Barcodes from Saudi

I’ll guess Satoshi did not think of Ordinals and 1.44 GB mempool🤷‍♂️

I don’t see my UTXO managment tx going through anytime soon…

Went on Nostr to check the result from Human Rights Club - Tottenham Hotspur. From the look of this gready bastard, it appears to have ended ok?

How it started, and how it’s going. A great evening with friends. But I didn’t get one chance to put in something about Bitcoin or Nostr. 🤷‍♂️

Replying to Avatar Joe Nakamoto

Gm.

nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m ‘s comment about bitcoin’s challenge being “irrelevance” is swirling in my head.

I’m at web summit, one of the worlds largest conferences about the internet, and I get the feeling NO ONE CARES

Hope this inspires you to orange pill a fren today.

Completely agree. Most people don’t care. That indicates two things to me:

We are early, and much can happen.

We are still so early that we can easily fail.

The next time you’re in a big city, sit down and observe people. And imagine how few of them are walking around without thinking about Bitcoin. It’s us who are still the odd ones. It might change, and it might not.

We are pleased to invite you to the #Bitcoin Christmas party in Stavanger, on Friday, December 15th!

Location: The Boathouse in Pyntesundet

Address: Skipsbyggergata 2E, 4077 Hundvåg

Time: 6:00 PM

Price: 500 kr/ $44 (covers venue rental and food).

Registration deadline is December 1st or when all seats are sold out.

Welcome! 😄

For more information and registration: https://timechain.no/

It’s good for deciding on- or offside⚽️

A streak of orange. A fitting tribute for #BitcoinWhitePaperDay

Just support Spurs. Problem Solved.

We never loose (at least this year, and it feels weird)💪 (and you can take the piss out of nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx by supporting them😁).

Just arrived home from the sea. Anything happened today?

Guess all is calm. Bitcoin at aprox. 28.000 $ when we went out. And aprox 28.000 $ when we were home.

It’s nice and relaxing times when the $ is so stable. Good to focus on fun stuff.

Oh, and I managed to get some cheap UTXO managment this morning.

I had a rant in a friends’ group tonight, mostly with fiat friends. The background is that one of them was really surprised to learn that I firmly believe we will reach new All-Time High in the price of Bitcoin. So here is my rant:

Here are some thoughts on what affects the price of Bitcoin: primarily, it revolves around supply and demand.

Supply: Every 10 minutes, 6.25 BTC are mined. In the beginning, it was 50 BTC, but mining is halved approximately every 4 years. If you look at a price chart from the beginning, you’ll notice a significant price increase after each halving.

However, until around 2020, the number of available bitcoin for purchase on exchanges kept increasing. But then, this trend reversed. More people began buying and withdrawing bitcoin from exchanges, resulting in a decrease in the so-called ‘liquid supply.’

In just the last quarter, the number of bitcoin on exchanges has decreased by approximately 78,000 bitcoin. Since the peak, the ‘liquid supply’ has been reduced by about 1.04 million bitcoin.

Next year (around April), mining will halve again to 3.125 BTC every 10 minutes. For the first time in history, we will experience a simultaneous reduction in the number of new bitcoins and a reduction on exchanges.

This was a brief insight into the supply side.

On the demand side: BlackRock, the world’s largest asset manager, and many other major players are seeking approval to launch ETFs that include Bitcoin in the USA. This opens the door for billions of dollars to flow into Bitcoin when someone purchases such a spot ETF. ETF issuers must acquire the underlying asset, in this case, BTC.

Why are they doing this? Larry Fink, the CEO of BlackRock, has stated that they are doing it because their customers want it. This includes not only individual investors but also institutions, pension fund managers, and wealthy individuals. The fact that Larry Fink compares Bitcoin to gold and labels it a ‘digital store of value’ contributes to changing the perception of Bitcoin as an investment. BlackRock has given its approval.

Furthermore, BlackRock has been a pioneer in ESG (Environmental, Social, and Governance) assessments of investments and has profited significantly from it. They now no longer view Bitcoin as a problem for the environment, governance, or society.

Additionally, accounting rules for companies purchasing BTC in the USA are changing, starting from December 15, 2023 (voluntarily) and becoming mandatory from 2024. Previously, companies had to book the value at the lowest price since the purchase. If the price went up, they couldn’t adjust the value until they sold. From December 15, they can book the market value, changing the opportunities for companies with available capital to invest in Bitcoin.

This was a brief overview of the demand side.

The supply side is fixed; we know how many Bitcoins will be mined. The demand side is, of course, more uncertain, but there may be conditions for a significant upturn after the next halving.

Although BlackRock hasn’t received approval for ETFs yet, the final deadline for the US Securities and Exchange Commission (SEC) is around mid-January 2024. Out of about 500 ETF applications, BlackRock has only been rejected once in history.

Furthermore, the SEC recently lost a lawsuit against another company that had been denied. The judge stated that the SEC didn’t have sufficient reasons to reject the application, so the SEC must reconsider the application and potentially provide new reasons for a rejection.

Of course, investing in Bitcoin is akin to buying a lottery ticket. It’s important not to borrow money and to invest only what you can afford to lose. Nevertheless, some prefer to invest in BTC rather than playing the lottery.

For example, 100 kr in lottery tickets every week results in 52,000 kr over 10 years. Compared to 52,000 kr invested in BTC through weekly purchases on the ‘Bare Bitcoin’ platform. Where is the greater chance for a substantial gain?

However, it’s important to remember that Bitcoin is still a relatively new investment, and there is risk involved.