This, exactly this.
Phrased differently, bitcoin has no top - both because society has unbounded potential, and fiat has no bottom.
I suspect that we are deceived by artificial intelligence because we have no freaking clue what natural intelligence is.
Lol people are mad at nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a for calling Rolexes shitcoins on twitter.
As a Rolex enjoyer I have to say, they are absolutely shitcoins. 
Like light and darkness are interdependent, and do not exist without the other …
the birth of bitcoin conferred the status of shitcoins on all else, and they do not exist without the other.
You may not be interested in #Bitcoin, but bitcoin is interested in you.
Doesn’t matter if you are a maxi, a no-coiner or a fiat worshiper. Bitcoin continues to eat up claims on the pie of all economic produce. Either your share will grow or diminish. Less or more.
Complacency in taking an informed position will cost you.
You may not be interested in war, but …
🤔 not sure if we’re talking about people here or an idea
Volatility is a consequence of course correction in robust and natural systems.
The hubris of central planning to eliminate all volatility is born out of arrogance and weakness, and instead of experiencing the bumps along the correct road, and being strengthened by them,
it keeps to the smooth and easy road which leads directly to the cliff.
they say #bitcoin has no intrinsic value. because it does not produce a cash flow
all it can do is re engineer, a 100x better, the monetary layer of humanity. the layer which is the life blood of all value that has been created
by communication and cooperation
making this better makes humanity better at this. much better i think. then the intrinsic value of everything goes up
and cash flow becomes bitcoin flow
they say
“I’ll be buying #bitcoin at the top forever” - Saylor
We’re all going to do this, aren’t we.
Until everyone stops selling it and will only spend it.
All sentences are restrictions on truth, the naked knowing itself is the truth.
I used to think that we would see diminishing returns over successive halving cycles, but can no longer hold that view. What we will see is diminishing volatility.
If adoption follows the s-curve, which we have strong reason to believe it will, we are - in terms of total world wealth - barely at the beginning. Easily below 1%. (1.3T of 900T)
Similar to all the shitcoins which clearly show exponential decay when priced in #bitcoin, the price of bitcoin should show decay in *volatility* while finding the underlying s-curve.
At sub 1%, the s-curve has barely started its exponential trajectory.
Diminishing returns will occur only after the halfway mark of adoption.
As #JeffBooth so clearly explains, the 900T of world wealth will easily be twice that in a while, due to the unstoppable debasement of all fiat. It won’t stop there.
Bitcoin will gain as a function of both depreciating fiat, and increase in demand and adoption along the s-curve.
I have no frame of reference to guess what this will look like, anon. Do you?
3.125
#bitcoin
#halving
It’s possible your note gets into relays you don’t connect to, as relays can connect to each other.
It’s also possible that you get replies and reactions that you don’t see, as you don’t connect to the relay they were posted to.
Yeah, follower counts here are mysterious things, I think they need to be enumerated each time you make a query. Don’t trust any one report of them, they vary with the clients you use and relays you connect to, the time of day and of course the alignment of the stars. 😂
Welcome to #Nostr ! Followed.
#Bitcoin does not have a security budget. This makes no sense. You could call this the censorship resistance budget, but it is not a budget, it is a market price.
There is no minimum average block reward under which bitcoin becomes insecure. At worst, transactions can be censored, but the security of coin ownership is unaffected.
The censorship resistance price is dynamic. If censorship occurs, it remains for the censored transactions to increase fees, to overwhelm the censors. The censor can never win for perpetuity, nor can the censored parties.
No market in human history has priced a good with a fixed supply till #Bitcoin.
All the charts we see, all of our intuitions about price movements - are based on pricing goods with a non fixed supply.
The final form of Bitcoin’s “price” chart will be, like Bitcoin, one of a kind.
#m=image%2Fjpeg&dim=600x599&blurhash=%7CUMaV0%3Fb%7Eqt7WBIUM%7BM%7Bxb9Ft7xuWBM%7BRjRjWBof%7EqM%7BIURjRjt7t7t7ofoft7WBWBWBayofofofRjt7WBWBoMWBj%5BjuWBxuRjWBWBofoft7fQRjofayofayWBofofj%5BayWBoffQWBRjazj%5Bayof%25MWBWBj%5Bazj%5BofWBWB&x=b4d7c460460958b979fd3c1827d06fd56e1d7725dabb7a6520e55a852d0c2be9Analysing the storyline of a movie will not help to recognise the nature of the movie screen.
Analysing objects are useless to recognise the nature of space.
Analysing space and time are futile to recognise the nature of consciousness.
Analysing consciousness is futile to cognise the Absolute.
Transferability and verifiability are where it leaves gold in the dust.
Holding your own keys gives you ownership of all future forks. The no effort (in)action of never selling any such forks ensures that you will always have the working fork, no matter which fork ultimately succeeds.
You don’t have to choose.
These ETFs get to play god, deciding which fork is now the underlying asset, and hence which one you have a claim on.
They, being the key holders, are not exposed to this risk.
Surely they have no motive to create forks as a way to rugpull? All perfectly legal and clearly explained in the terms and conditions.
If the underlying asset can fork, SO CAN the ETF. In terms of giving the ability to choose which forks to hold, or do nothing, this would put the ETFs on par with self custody.
If there’s truly an interest in “investor protection”, that is.