The mechanism exists but I didn’t say it was active. I see the mechanism being put in place right now by the absence of a spot ETF while futures ETFs get approved.
I think the suppression becomes an imperative when BTC comes close enough in size to threaten nation state reserve currencies, so $500k - $1m per coin.
For this reason the I think there will be a reserve currency resistance level which will act as a ceiling until it’s broken after which BTC price accelerates when fiat collapses under its own weight.
Follow #[0] for latest quant research on #bitcoin carbon impact and the debunking of the central bank ESG propaganda
My phone gets noticeably warm when running Damus (TestFlight Beta), I check the energy usage and it comes to 5.6x more energy than Twitter and 8.3x more than Telegram. #[0]
Everybody needs to stop zapping Lopp so Casa can continue to develop.
The value will accrue to the token. $BTC
I’ve been zapped $20 this last week posting less than 10 tweets.
I have less than 4000 followers on Nostr and 1m followers on Twitter, that’s 250x less followers.
$20 x 250 = $5000 for 10 tweets.
Nostr has potential to be the next content creation platform that will pay better than YouTube.
Tweeted, special thanks to Nostr my content sponsor. 😂
DYOR and come back to me. I’ve tracked it since 2014.
Bitcoin
Ethereum
Litecoin
Dogecoin
Assuming a wallet is considered an account.
Nostr has better network effect than Bitcoin. It should grow MUCH faster.
Nostr is governed by Metcalfe’s law, value of network = users ^ 2. Whereas BTC doesn’t get that luxury (buying BTC and HODLing does exponentially add value to the network).
I took Bitcoin 14 years to get to approx 500 million users. I suspect Nostr will get there in half the time, maybe much less.
Give it 5 years for the apps and revenue streams to improve. The top podcasters like Rogan talk about control over content and not being censored all the time.
Thinking about putting a banner “Sponsored by Nostr” on my charts. That’ll confuse people on Twitter. 😂
I used snort.social to upload the image. Prior images worked but not this one, not sure why, any ideas #[3] ?
Simple is powerful. Here's the timing of BTC.
Prolly means we are entering the re-accumulation zone.
This cost basis contour map shows the dense areas where coins last changed hands between investors.
One of the key signals that the next bull market has commenced is when price rises with significant coins changing hands to chase it. That's what's happening right now.
Posted on Nostr first, Twitter gets a time delay.
The alpha for VCs will be investing in the coming generation of apps built on Nostr.
It’s not even a crypto VC play, the protocol is likely to be a legit part of the Internet stack.