Haha sorry mate, I thought it was clear that I was commenting about how these commercial vessels are usually manned. I don’t personally know the current crew of that specific vessel. So maybe I’m wrong. Maybe that boat is full of Russian spies and international contractors who are paid ‘extremely well’ just like in the hollywood movies.…

Or maybe instead of wasting Russian resources, it’s like most other commercial vessels that work in dicey waters of war zones and piracy. Where companies and governments save their money by using cheap foreign labour for much of the crew. You don’t tell them their true or full job scope until they’re onboard, or ever. You take their documents once they’re onboard. You don’t let them off. And payment? Maybe you’ll pay them something at the end just to shut them up, but it doesn’t have to be what was agreed.. it’s entrapment, not volunteering. And it’s very very common practice in the shipping industry, especially through dangerous waters. I wouldn’t wish death upon them, just like I wouldn’t wish death upon the hostages who were forced to work the farms and construction during WW2.

Sorry if you’re feeling triggered because it offends your favourite team. But if you think it’s a hilarious idea, then lucky you - you haven’t been exposed to how the global shipping industry works.

There wouldve probably been Phillipinos and other nationalities onboard who are nothing to do with the war. Theyre the backbone and the cheap labour that gets chewed up by the global shipping industry. Often locked into vessels without access to their passport or any port that will let them off. Some of these guys aren’t allowed home for months or even years at a time.

War isn’t a two sided fight. It’s an infection that can hurt everyone.

Here we go again

Btc will move forward either way..

It would just be better for everyone if it moved forward with more independent retail using self custody early, rather than large institutions clawing at everyone to retain their legacy power.

Man.. Nearly 100 years later and he’s still on point..

If politicians don’t feel confident that a war can’t hurt them personally, then they’re far less likely to start one.

So with multiple military powers being more than capable of an attack on anyone’s soil, the major militarised governments will keep on the proxy wars and inflation. They’ll hurt any bystanders to retain their power.

What makes it ai? It looks like the old Namtso lake pictures from lonely planet..

A lotta mums will tell you to have joy, have connection, and live fully.

But maybe this might connect with you too.. :

Having kids is like having bitcoin - Lower your time preference. A lot of people, healthy or not, don’t or can’t fall pregnant or stay pregnant when they plan to.

So when/if you’re trying for kids….. just DCA in.

Don’t try and time the market, because it can burn you both ways.

Don’t have expectations, because then your emotions can drive you into bad decisions. Stress is one of mother natures most potent contraceptives.

Just lower that time preference, DCA in, and enjoy the ride. It will set you all up for a prosperous future.

Best of luck to you Isa, have fun ❤️

I like the sound of alternative proposals.. look forward to hearing more

😶 exciting times!

My first #nostr #meme

#macro #qt

If you want it simplified then yeah, pretty much! But it’s less about people with cash.

Global liquidity valve just means that bitcoin reacts first and fastest when money becomes easier or harder to get in the world.

When money is easy, BTC jumps early.

When money is tight, BTC drops early.

So it’s like an early warning indicator for the rest of the financial system.

Not because people individually have extra cash, but because the whole system does.

Yeah.. It’ll catch at some point I imagine. Hopefully the push in some countries for social media to require ID or be linked to a government registration, will actually push nostr uptake closer to a tipping point.

In my circles I’d never known of anyone to make the switch to nostr before, but now I know people who are talking about it. And they’re not bitcoiners. Sometimes you just need a slap from the system to wake you up

Yeah haha I would’ve thought so too. But I think people prefer to copy others success rather than carve out their own.

I guess that’s why new bitcoiners often enter the market on a high, not a dip..

Those influencers are already monetised on those platforms? And get way more views or sale conversions there because that’s where they’re already established?

I’d say the majority of influencers are not entrepreneurial.. So they’ll stick to what they know or whats easier to copy, instead of exploring new markets.

Yeah agree on timing and going all in being high risk.

But what do you mean pre and post puberty? I’ve heard people say that kind of thing about it for 12 years..

😅 I can’t tell if you’re shit stirring or if you think cherry picked hindsight is useful.

His “gold outcome” didn’t outperform his Bitcoin unless he actually sells the dip.

Just like your house doesn’t get smaller when the market dips - it’s just volatility.

What outperformed Bitcoin was a bad entry, not gold itself.

If he bought BTC:

- 1 year earlier

- 1 year later

- Or on literally any DCA schedule

- with any cash buffer

- with any kind of risk management

…his outcome would be dramatically better than gold.

The problem isn’t Bitcoin. The problem is

- trading in your house

- To buy near the exact top

- with a short time horizon

- without a plan for volatility

Gold cant save you from a move like that — it just hides it by being slow

And for the fella who bought at 61k — you’re not screwed. Its gonna be fine.

You only lock in the loss if you sell. Every past cycle shows that the worst entries eventually turn into strong positions, as long as you give bitcoin a long enough runway.

Even 2017 ATH buyers (who had worse timing and worse drawdown than you) ended up about 3.5 x up just by holding into the next full cycle.

Your job now isn’t timing — it’s patience.

Stay solvent, zoom out, and don’t let a bad entry turn into a bad exit.

Suits restrict roundhouse kicks and grappling capacity

😂

Absolutely 👍

there’s also no point comparing to previous highs, if you’re not going to compare to previous lows. Let alone that there’s so so so much more support to hold your hand through it these days.

That only matters if you’re selling right now. You bought near a top, and you’re comparing to right now in a sizeable drawdown from a grind year in a terrible macro backdrop..

Anyone who buys near a cycle top has to wait. But at least the hype got them on the train, because they do reap the rewards. People who bought like you but in 2017 had to wait 3 years just to “break even”. But now they’re happy af that they bought. It’s the same for every hodler.

Those massive gains you fomo on only apply to

- the few that timed it from sheer luck (don’t ignore how big those downsides were and how many got wiped out)

- or the many that raised their time preference and just kept holding through the downtime to the next leg up

A loss only occurs when you sell. So just don’t sell and don’t worry.

Your time will come and you’ll be thankful you didn’t let emotions shake you out of the market.

Raise your time preference, don’t even worry about the price. Soon you’ll have first cyclers accusing you of having it too easy the next time around.

Oh man you are sending this deep 😂

Hey thank you for your explanation. Sorry I guess I was focussing more on the mechanics of the underlying layer. As in, the validity of the blockchain isn’t compromised.

I hope I’m no misunderstood here, I think people should be angry as hell that their wealth and their life raft is being undermined by a select few. It’s a fiat manoeuvre, and I hope more people do something about it. These changes clearly go against the whitepaper, go against the intended design, and go against the entire valuation model of btc history and its present use case.

I do want to push back on something though - It’s a default v30 setting, not a necessary one. So from that 12% you mentioned - because propagation relies on paths, how many of those v30 users run disabled defaults, or filtered inscriptions, or use custom configurations. The software version number doesn’t generate the spam, the mempool policy does. I think most people will be aware of the policy (except newbies who following instructions on a site). And I don’t see the incentive for most nodes to run v30 on its default settings, so why would they?

Plus miners also have to choose to include the junk once they’ve received it. My understanding is that miners will ignore any junk that doesn’t at least pay more than the real transactions. So any spam has to outbid the market, which also reduces the chances of it being included in the block. This is what happened in different hype periods with the satoshi dice spam in 2013/14, opreturn graffiti spam in 2015/16, block size war spam waves, 2020/21 consolidation spam, and the 2023/24 Ordinals + BRC20 inscription mania (which I imagine is actually worse than v30 will be?). And bitcoin recovered every time, institutional adoption grew, and real payments reclaimed blockspace.

Spam is expensive to sustain, hype burns out, junk creators run out of money, normal transactions set the long term fee floor, the block size cap prevents unlimited bloat. So the junk always collapses under its own cost. I guess my point is that I don’t think (and am hopeful) that nowhere near that 12% is actually participating in spam. And that there are a number of hurdles to pass to get there.

I imagine you know all of this sorry, I’m more saying this so if anyone else reads the thread, they don’t just panic into doing nothing or bailing out of btc.

Everyone should run a node and ensure it’s not v30 on default settings. Because it doesn’t just mean you refuse to participate in undermining the btc network - it means you actively fight those that do, because you break the propagation paths. The more path breaks there are, the less spam there is. Plus you gain the other benefits of running a node.

Right now I prefer Knots, because the more traction that clear alternatives to Core get, the easier it becomes for newcomers to see that they do have options. Choice strengthens decentralisation. Which weakens the power plays of the future.

I guess my main point is that if you don’t agree with devs, then the worst thing you can do is give up on btc. If you care about sound money, if you care about decentralisation, you can fight back by running a node on your terms.

It’s like selling a dip. Don’t let emotions ruin your ability to defend what yourself.

Much respect to you 👊🏼✊

Gold doesn’t have ‘store of value’ written on it either — the property creates the role.

The protocol creates the conditions.

People create the value.

The white paper was a blueprint, not a prophecy.

Maybe I’m not concerned enough.

I would’ve said that defaults settings aren’t destiny. Bitcoin doesn’t catch diseases unless users stop choosing their own software.

How does core v30 default settings impact me, if I don’t run core v30 default settings?

Core can drift, companies can grift, incentives can get weird.

Bitcoin’s immune system is simple:

run something else.

Consensus doesn’t move unless everyone moves.

If core v30 feels like a toilet brush, just don’t download it. Use an alternative. If anything, knots is more secure anyway because it sticks closer to the minimalistic values that made btc money and secure in the first place.

Less shit = smaller attack surface.

Giving up on btc because you cant trust core dev, is like chopping off your nose because you don’t like farts.

Just move away from the guy who had last nights curry..

Problem solved.

#btc #bitcoin #CoreVsKnots #Core #Knots

Giving up on btc because you cant trust core dev, is like chopping off your nose because you don’t like farts.

Just step away from the guy who had last nights curry..

Problem solved.

I wish I understood what is going on here 😂

https://m.youtube.com/watch?v=RA2cvfdwy0I

Seen a lot of people feeling negative about today’s episode BTC254 with nostr:nprofile1qqsg2zqd8wkhpnxu6lm5c2dyfa2mhpwte57apjae2ldp6g2mmwf3ypqpzemhxue69uhk2er9dchxummnw3ezumrpdejz7q2hwaehxw309anxjmr5v4ezumn0wd68ytnhd9hx2tmwwp6kyvtnx4uhzdnhv9j8wuncv3jngmrgveen2dn8dcmrg6rh0f6ksmnxvym8ywtddg6rwdnjx4eng6rtw4h85em6w9e8xdn3xaaquwrzjs and nostr:nprofile1qqs9uvfevnpw7gn2v7nudzk86lfsyjgnd6h2j0je0rnc9c87g0nlfmcpz9mhxue69uhk7mnrdpskjm3wwp6kyqgkwaehxw309aex2mrp0yh8qunfd4skctnwv46ql90av7.. I think these people are misunderstanding what Luke’s saying. He’s bullish.

Luke isn’t predicting total US collapse, China takeover, global war, systemic end times, hyperinflation.. he’s just describing vulnerabilities that pressure a response.

His point is that the US has entered fiscal dominance: debt and deficits now limit how far the Fed can tighten. So tightening is nearly done, something will eventually “crack”, then QE comes faster, and bitcoin benefits most from the easing phase.

If these macro moves are making you want to sell during a dip… step back for a minute. Take a breath. Think about what that means to “sell a dip”.

Talk to someone who’s been a hodler through a few cycles about the normality of btc volatility running in tandem with constant up and to the right.

Or talk to a macro nerd.

Or there’s a handy tool built for this kind of analysis on your computer.

- Go to the podcast transcript on their desktop webpage

- Copy the whole transcript into a text document

- feed the document into an LLM like ChatGPT or whatever

- tell the LLM to do some deep research on the current state of the market so it can get some context around the podcast transcript

- then ask it to summarise the transcript discussion for a new bitcoiner/someone not familiar with macro/lay person/whatever it is that best suits you..

- they’re pretty good at text to concept explanations, so you’ll be able to query it to help your understanding or even get some non emotional advice around the risks and rewards of investment decisions at this time

- DO NOT GIVE IT YOUR PERSONAL INFORMATION

- But ask it any question you want as an information seeking, neutral observer.

Change can be exciting or scary - so you can either approach this time as a wealth opportunity, or as a wealth cost. Whichever one you chose, will become true for you.

This is sovereign money - It is your choice.

This is my first post on here by the way. Long time bitcoiner, baby nostrer. What a primo platform you lot are building.. amazing. Been here a couple weeks and I’ve already seen some legends in action (and accidentally upset a couple..)..

Anyway, keep it up community! I’m impressed by you all (even the ones I disagree with) because you’re all here.

#intro #introductions #btc #bitcoin #nostr #macro #plebchain #bitcointalk #podcast

Don’t sell the dip mate