Ever go to a gym that has dumbbells all the way up to 100 pounds?

Look at those hundred baggers.

Just sitting there, in pristine condition.

Smirking at everyone for being too weak.

What would it look like, if an emergent money was being monetized?

Often when I talk with academics or other high-IQ critics of bitcoin, it’s the volatility and seemingly speculative aspect of it that turns them off. It’s almost distasteful to them. They can get behind the idea of global open-source payments and so forth, “but that’s not why people buy it” they’ll say. “They buy it because they’re speculating. It’s too volatile for its own good.” Some aspect of them dislikes it in principle, almost *because* one can make money from it.

But a new decentralized money, including its own unit of account and liquidity, doesn’t just emerge as a multi-trillion dollar-equivalent network out of the box. In order to go from zero to trillions in market capitalization and liquidity, it needs upside volatility. And with upside volatility comes speculation, leverage, and downside volatility. Cycle after cycle, it’s priced like an option. At first it’s like a 0.1% chance that it succeeds in the long run. And then in the next cycle it’s like 1%. And then in the next cycle it’s like 5%, and so forth. So, early capital allocators that have seen a thing or two and know the high failure rate of new ideas will say, “This’ll probably fail, but if it doesn’t, both the investment gains and the macro implications will be enormous.” And then 15 years into it with a few more cycles under its belt, the probability of success looks less like a distant moonshot and more like a real possibility, and then eventually starts to look like the base case. In the beginning the question is, “how will this succeed?” and at later stages the question becomes, “what risks could prevent this from continuing to succeed?”

The process of buying bitcoin is often a speculative process at first, but then as people learn more, they often view it differently. Those that really want speculation will then continue down the pipeline of altcoins- there’s always some shiny new object to try to speculate on. On the other hand, those who begin viewing bitcoin as money, start to view it as a defensive or risk-off act to hold a piece of this liquid and globally decentralized network of value. One would feel too financially exposed not to.

ordinals are a distraction.

tokens on bitcoin are a distraction.

stablecoins on bitcoin are a distraction.

sats are the standard money of the world. nostr will be the standard comms of the world. so much important work to focus on, will not waste my time on bullshit.

3 REASONS WHY YOU SHOULD CONSIDER ORDERING A COLDCARD, TODAY.

👇🏽👇🏽👇🏽👇🏽

1. IT'S THE PREFERRED DEVICE FOR BITCOINERS

Quality of the users, not quantity, is most important. The smartest people in bitcoin trust the COLDCARD.

Their focus on security is second to none. The reason guys like #[1]​ vouch for the COLDCARD is because of it's security features.

Other devices require a connection to a laptop. The reality is that even if the device is clean, the laptop it's being plugged into is likely corrupted.

The COLDCARD uses airgapped technology which means that it doesn't need to be plugged into a laptop.

2. DEMAND IS STABLE RIGHT NOW

We're in the middle of the longest "bear" market in bitcoin history. Coinkite is quite busy now (I would assume) but wait until the price starts ripping.

Will they be able to keep up with the demand at that point? How long will the delay be for new orders? I don't know. But I'm sure as shit not waiting to find out.

Think of it like a burning building. As soon as you smell smoke, you start heading toward the exit. You're not going to wait to see the fire before making a move. Things get really dicey when everyone is trying to get through the same exit.

3. THE SCAMMERS DON’T KNOW WHAT IT IS... YET

Any company who is shipping these devices is at risk. The risk is that someone will intercept the device, tamper with it, and steal customer bitcoin.

First of all, Coinkite has a great way to ensure no one has messed with the device (3-way audit of the serial # on the exterior package, inside the package, and within the device itself).

Secondly, no one has figured out how to crack this yet.

As the value of bitcoin continues to increase, the number of scammers will increase alongside. I'm sure Coinkite will monitor and continue improving the security to prevent this. But I would not want to be the case study for that one.

4. BONUS - THEY ARE BADASS

Look at this thing. Low tech, high security. Exactly what you need.

You can even get a steel plate to make sure your 24 words survive anything, including fire.

You worked hard to earn those SATS. Make sure they're protected to the highest degree.

Grab a COLDCARD and thank #[2]​ later!

#nostr #bitcoin

good morning nostr, appreciate y'all 🫡

In your perception: are the agreed international laws still a thing? Or did we enter a time where those became meaningless.

GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡

Good morning nostr,

We are about to enter the "then they fight us stage" and it is going to be fucking messy.

- Build strong local communities. Improve your own skills. Stack relentlessly.

Then we win. 🫡

Weed or alcohol?

GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡

good morning nostr, the suits are going to get absolutely rekt this cycle 🫡