Fun Fact : since multiple Presidential Campaigns are now accepting #Bitcoin let’s flash back to 2015 to the first.

What’s the nicest, most respectful way to tell my crypto-buddy “I told you so?”

New gun day! #gunstr

Thanks for not posting the side with the serial number. I hate it when people do that 😅

What range of UTXO would you consolidate?

16 hours into a fast and I’m already week as a baby 😂

February 6th, 2015?

Take a wild guess and I’ll zap you if you’re close.

Update: Fees are dropping today so I decided to wake up these sleepy old sats and send them to my node so I can put them to good use! nostr:note136dmd0kfvj8364z5ujv4vuyds792972362y9d4tm3a8hcskpvm7s39vyad

3 sat/vb by next Sunday.

Heres one for the hording NGU types.

TL;DR if we want Bitcoin to really suceed we need to be using it as money. Not hording it. This is partly why I dont give a shit about corpos "having Bitcoin on the balance sheet". It means jack shit if they dont use it. This dosent mean one can't save in Bitcoin but we also cant hord it ad infinitum.

"Lunar Fallacy

There is a theory that hoarding bitcoin guarantees to perpetual profit. The theory is based on the following economic laws.

• One money is better than two (Metcalfe’s Law)

• Better money displaces other monies (Thiers’ Law)

• At fixed supply, price rises with demand (Law of Supply and Demand)

• Potential increase in demand is unbounded (trade is positive sum)

Hoarding is purely speculative, with all returns constituting profit or loss. The money is not lent to another for interest and so is always available for exchange, a benefit that offsets interest forgone.

A corollary to the theory is that no investment in production is required to profit from it. Capital is required for all production. Lenders (investors) earn interest in exchange for time without their capital. Production is the source of trade and therefore all economic activity results from investment. A hoard is defined by its lack of consumption in production. If all people hoarded their capital, there would be nothing to trade and therefore no demand for the money

It seems that the theory is irrational, supporting the idea that Bitcoin is indeed Magic Internet Money. When a theory results in a contradiction, the theory is flawed. A fixed supply market money can only increase in purchasing power due to:

1. economic growth – creating more demand for use of the money is exchange

2. monetization – people transferring demand from another money

Yet economic growth is strictly the result of investment. Growth is necessarily less than the return on investment (interest), and full hoarding is no investment at all. And of course monetization has a limit. Finally, the theory fails to recognize the stability property of Bitcoin. For these reasons the theory is invalid"

#bookstr #Cryptoeconomics

I don’t fully understand lighting honestly I need to look more into it.

#bitcoin #zap

The only reason to scroll Twiddler today is if you want to see an endless stream of shitcoiner cope.