I updated another one of my most popular posts, showing how for years Bitcoiners have been talking/writing about/tweeting "Bitcoin is the only Digital Commodity" based on today's rules on what is deemed a Security and what is deemed a commodity in the United States.

Post: "Bitcoin: The Only Digital Commodity"

https://bitcoinapolis.blogspot.com/2022/12/bitcoin-only-digital-commodity.html

Update: June 11, 2023

An excellent find here from showing how Brian Armstrong admitted to selling unregistered securities.

From BitcoinTherapist: https://twitter.com/TheBTCTherapist/status/1667857265502683143?s=20

Further, this podcast from June 7, 2023:

from Natalie Brunell's Coin Stories interviewing Sam Callahan at Swan pointed out the risk of the coins (other than Bitcoin) being unregistered Securities in Coinbase's IPO. Found here:

"SEC Sues Binance, Coinbase - Everything You Need To Know, Explained Simply with Sam Callahan"

https://www.youtube.com/watch?v=mW49uFiceOk

Thanks FraLec, I just love doing it, regardless, yours is the first feedback I have received. I can/will add a ton to all the posts. The odd thing about Bitcoin is things are the same since 2009 so we simply keep adding to the same subject Satoshi argued/explained.

Beautiful. I’m a happy customer yesterday, today, and tomorrow and so damn proud of you, your hoodies, and your stupid empty closet.

Bitcoin Prague = Bitcoin Dog?

Bitcoin Prague = Bitcoin Info Hog

Bitcoin Prague = relentless selfies with lanyards showing actual attendance

Bitcoin is not InstaGrammable. Bitcoin is selfless, not selfies.

Satoshi would not approve of radio silence on an open source product he gifted the world.

I like Bits, it's Bitcoin not Sat or Natcoin. Bits/Bytes/Words makes sense. Plus for the old people, it used to be 2 bits, 4 bits, 6 bits, a dollar (i.e. US Quarter.) Telling people how Bitcoin breaks down in to 'Sats' or 'Satoshis' makes me feel like I am 12, playing make believe on the planet Whacky Crackers. Normies understand Bits.

I updated my ongoing "Analogue Gold -vs- Digital Gold" post that shows goldbugs how far superior Bitcoin is to Gold in the modern world.

https://bitcoinapolis.blogspot.com/2022/12/bitcoin-digital-gold-versus-analogue.html

Buried from December 27, 1932:

"Youngstown Vindicator" the "ELECTRIC DOLLAR"

Check out the Subhead:

"Scientist Suggests Kilowatt Hours for Cash Instead of Gold"

nostr:npub1nw5vdz8sj89y3h3tp7dunx8rhsm2qzfpf8ujq9m8mfvjsjth0uwqs9n2gn

Small recap of today's "Don't Stop Believing" Podcast

Best thing I heard all day. "Explosive" podcast moment here.

- Yellow explaining he did NOT send poop to Peter and it wasn't his cat Zuzu.

- The old Yellow He sent some carrots 250Kilos, I thought he would like it, he did not.

- The HEX guy did it

- "Are we clear?" We are

"I really did not send the bag of poop." - Yellow on May 31, 2023

nostr:npub1nw5vdz8sj89y3h3tp7dunx8rhsm2qzfpf8ujq9m8mfvjsjth0uwqs9n2gn

My notes:

- Yellow is Yellow, not Brown, he would send pee before poop.

- HEX guy (Richard Shart) loves poop/bidets, previous notes sent to Yellow

Bathtub Section:

"

If the multi universe is infinite, there is a a universe out there that Zuzu is Barry and that's what's weird about it, baby Zozo, my cats just went that's.

Sorry about that so so.

The fuck is?

OK.

See, that's what cats do when I can find her.

Most of the time she has opened like a.

See how I found like a?

Opening it in a in a in some drawers or closet or something and she's right there like a sleeping for some reason.

What did I say?

I've seen all that.

Global nonsense. I did not.

I didn't send.

Dear Peter Malaka, go fuck your face and don't forget those every night on that other on the dot.

All the bezel appears. Don't stop believing Peter.

I did not. The thing is that.

If I RT a lot of your stuff just like.

Like an inside joke of our SO the guy.

Knows that I kind of don't like him, so he will. He will actually think that I did send the book, which I did not. I really did not do do That was a lot of poop. Yeah, we should do it, but.

knows that i kind of don't like him so he will he will actually think that i did send the book which i did not i really did not do do that was a lot of poop.

Bitcoin = BestBuiltCoin

I spent a couple hours on a post that eventually when on here, thinking of a bunch of points I thought were the best. In a few seconds an AI chatbot answered and it was ridiculously good. How exciting, AI is going to make us all at least think better. Every politician will need an AI Assistant attaching a Bitcoin Wallet funded by FIAT campaign funds (unless you are the two candidates whom spoke in MIami.)

AI won't trust banks, AI will be the bank, by using Bitcoin.

I am happy as a long time Nvidia holder, but even more excited for when AI has to choose between a system that essentially, can clone you, your voice, and get into your bank. Versus one that is immutable, self auditing, open ledger, impossible to hack whether you are a human or AI bot. All the various AIs will need to be hooked into a a sound hard money system in order to conduct business around the world, work from servers, no breaks or holidays, 7x24.

That hard money is going to be Bitcoin.

Bitcoin running on Shaw-256 ASIC miners, AI running on Nvidia GPUs

Bye..bye...FIAT and the other cryptoCHURNencies. Gone. Obsolete. Inferior.

Bitcoin and AI for the win. Checkmate.

If you listen to Saylor/others, he speaks of how in the future (saylor.org as an example) we will have the best online Algebra teachers in one spot who can teach millions at a time. For free. No need to be there in person. No drama but sadly no Instagram Photo Ops for the 'look at me...me...me..I...I...I..' selfish selfie world.

Deal breaker?

This is no different than Bitcoin with these in person drama fests where people verbally masturbate each other, tossing out Bitcoin word salads to the 'oohs and aahs' of the crowd. (All I can think of this 30 second ad: https://youtu.be/5SufurXtfHs )

Bitcoin is for Billions. These Bitcoin Conferences are reaching thousands at best. We need to work as hard offline as much as we fight online and not just for the kids or people's egos.

Satoshi would be and/or is pissed off at all of us. I am on my last social media throw away account, not even on LinkedIN anymore to get away from all this crap. Bitcoin used to be my safe haven, my fun space, exciting. Sadly, the FaceBook, InstaGram, Meta, TikTok, YouTube crowd has metastasized into Bitcoin.

There is a cure, however, Bitcoin adoption, and when the value of Bitcoins is as obvious as Kleenex and no one wants to hear about it anymore.

One more Podcast, one more white paper...regardless, Tick-Tock-Next-Block.

Bitcoin Bliss.

I am going to try to be more positive, like Satoshi was, when speaking or writing about Bitcoin. Someone on a podcast said, if you come at Bitcoin from a state of compassion first it is easier to discuss , debate with people.

Have you noticed, the best minds in the space, like Saylor seldom 'lose it' when they discuss Bitcoin. Only a few times, in the hours and hours I have listened/watched Saylor has he become agitated. Of course, with our society the way it is, those times all go viral:

1) "There is no second best."

2) "It's going up forever, Laura."

3) "They're committing Securities Fraud - especially Ethereum."

Negativity sells in our society, cancer treatment failures versus potential cures. But there is hope, on our National News, a potential candidate running for President on the GOP ticket, Tim Scott sounded like Abraham Lincoln to me. Why? His message was positive. I have no idea what his views are on Bitcoin but many people should follow the leads of the best of the best. Even Natalie Brunell, who continually goes the positive route when it comes to Bitcoin. The only time she has even come close to losing it is when she has airline or technical hard drive trouble or 'kickin the can down the road' with Yellin' Janet Yellen.

Regardless, we all can relate, but staying positive in the BItcoin space takes effort, a hell of a lot more effort than being negative. We all need to be more like Satoshi and Saylor and Brunell and for the love of GOD we need more laughter like we get from the amazing Yellow and Bitcoin Carla/Walker. Thank goodness we 'halve' them or I would have long logged off of here.

We all can try to do better, to use the velvet hammer (Jeff Booth) versus the sledge hammer (Greg Foss).

Go Positive, go long Bitcoin, long fuse. Smile and laugh.

Tim Scott last night on NBC News: https://www.nbcnews.com/nightly-news/video/sen-tim-scott-announces-run-for-president-in-2024-175774789873

Bitcoin: "Positive Use Cases of Ordinals on Bitcoin"

Subhead: "A Positive spin on Ordinals from the non ordinary Bitcoin Maxi Unicorn: Michael Saylor"

When I first heard the word Ordinals/NFTs in the same sentence on the Bitcoin Timechain, I bristled. Even up to the past couple weeks. However, as I dig into it, they don't seem to be terrible, in the long term. Unfortunately, in the short term the terrible side is what is getting all the attention and was center stage for all to see in Miami. However, that Udi/Eric maneuver wasn't shocking at all and predictable with the beforehand Nic Carter drama and Udi "we broke Bitcoin' celebration. What was shocking was "Bitcoin Magazine" gave those guys a microphone? Money over matter.

I agree with Foss something is wrong at "Bitcoin Magazine."

=====

(Superfluous stream of conscious side comments: Albeit Foss blocked me for my comparing El Salvador to having a lower GDP than our lowest, by GDP, US state Virginia. Regardless, Canadian Jeff Booth's velvet hammer approach is way better and impactful than the Foss' frothing-at-the-mouth-"Bonds"-"For-the-kids"-sledge-hammer approach.

Cory Klippsten called "Bitcoin Magazine" out before and no one listened. Swan has way more integrity and would have never let many of those panels exist let alone be on the Nakamoto Stage. I am waiting for a Natalie Brunell/"Hard Money" counterpunch on ordinals. Swan knows journalism and it is no accident they are winning awards.)

=====

I've had reservations about "Bitcoin Magazine" early finding out Vitalik Buterin was a cofounder before it was 'sold.' Everyone knows baggage is left behind by the first regime. (The 'CEO'? Compromised? Sorry Peter, my pants don't get tight with promoting David. Nothing he said resonated with me.)

Michael Saylor resonates with me:

- Saylor has said those 10 life lessons multiple times over the years. I got it the first time. They hang on my 'fridge

- As a 35 year BI professional, it has nothing to do with the BI software, the tool, it is all about the data. Saylor knows this too. Even if 100% of databases (and their subsequent tables) have GIGO (aka 'some future'/'most now' ordinals.)

- Saylor stays positive and isn't a douche canoe up on stage flossing with Dollar Store Wizard hats. Saylor doesn't need the attention nor does Bitcoin nor the weird validation the Crypto Crappies crave. ( After Earache and Udiot's self promotion publicity stunt some guy on the "Bitcoin Magazine" Desk had the best line that gave me the biggest laugh of the conference, he said they "looked like Junior Varsity Gandalfs.")

Once again, trying to get 'signal from the noise' or whatever corporate FIAT lingo you want to throw at this, I turned to positively charged Bitcoin Saylor to captain me through this. What is he thinking? What is he doing?

Starting with the latter, he sees opportunity in ordinals. Not with the current JPEGs/NFTs or putting alt coins on the Bitcoin timechain. As he states, doing so may even be illegal, breaking Security laws. What about the positive side?

I don't know about you but I take comfort knowing Satoshi put the Bitcoin White Paper on the Bitcoin ledger. (Eat your core out Apple.) What about when Saylor talks about a billionaire (Him?) putting his last will and testament out there as an ordinal on Bitcoin?

To me, fantastic use case, your will out there, electrically 'signed' undisputed, ethical, fantastic, safe way to do something, friction free, no lawyers needed. (Prince Rodgers Nelson, if only I could have orange pilled you on Bitcoin and then Purple Pilled you on NOSTR.)

Michael Saylor doesn't wait for permission from people or permissionless Bitcoin. MicroStrategy is building on this ordinals opportunity, in a best ordinals use approach, which predictively will not even close resemble what the unethical crypto community is doing.

Never mind, the Crapto Community saying 'we broke Bitcoin.' That is garbage, you paid to put garbage into the Bitcoin Timechain and future attacks are unsustainable and threaten your wealth health. Regardless, the miners thank you for your money and Bitcoiners understand "one man's garbage is another man's treasure" and Bitcoiners will lead the way to adding ordinal treasure, digital diamonds, into the digital gold mix already in there.

As for the scale concerns, Layer 1 was never built for scale, thus the Lightning Network on Level2. For store of value and BTC, I equate it to the old WORM CDs. Some of us want to pay extra for the security our Bitcoin address(es) get, as we are Super HODLers. Maybe not the best for you doing DCA. Saylor knows, even the best databases have GIGO in them. Gladly, even at it's largest the Bitcoin Timechain open source ledger will never be all that huge from a data standpoint. Perhaps it is as simple as 'pruning' in the future to weed out ordinals from Bitcoin transactions. Sure that opens up the decentralization debate but who cares if everyone runs full nodes and Microstrategy/Michael use some soon to be released software on Layer2 that will preserve that "big, big, beautiful wall" of digitally encrypted energy regardless of the Crypto noise trying to jam Bitcoin's never failing Signal.

I am not going to be against Bitcoin/Microstrategy/Saylor and of course AI. AI understands all this, just ask it and take out the human emotion.

===== Bathtub Section =======

https://decrypt.co/140954/bitcoin-brc-20-activity-unethical-or-illegal-michael-saylor?amp=1

MicroStrategy's Michael Saylor: Early Bitcoin BRC-20 Uses May Be ‘Illegal’

Saylor isn’t completely against them, claiming it “partly comes down to use case and partly to how they are perceived.”

By André Beganski and Pedro Solimano

May 22, 2023

Saylor has embraced Ordinals as a positive development on the Bitcoin network, although he said many of the early use cases "aren't terribly serious" and veer towards being more speculative.

"If BRC-20 tokens are viewed as fungible tokens to issue unregistered securities, there's a lot of objection to that, because it's unethical. It's illegal. And you can't blame [the community] for objecting to that," Saylor said.

However, if they are issued and regulated in an ethical and legal manner, he said, there’s no issue. It all comes down to the use case and perception.

“What if I was using them to tokenize all of the stocks and ETFs trading on NASDAQ so that individuals can take personal custody of their shares of stock instead of leaving them locked up with a centralized custodian” he said. “If it was presented that way, then Bitcoiners would love it.”

According to the MicroStrategy co-founder and executive chairman, however, he sees economically sound use cases, but he can “also imagine unethical, stupid things.”

Despite warnings of possible unregistered security offerings and strong pushback from parts of the community, Saylor is against censoring Ordinal transactions on the Bitcoin network. “Do I think we should modify the protocol to censor certain types of transactions," he said. "My answer is no.”

https://nostr.build/i/650c1ca3b884759e9516bbe9ca6f65463ace46154ccefac0446b3b58d555b404.webp

I need more motivation to get off Toxic Twitter and permanently land on NOSTR. Is there a "Go Away from Twitter rest of May" event?

I know ordinals divide the Bitcoin Group. I don't like them but I have worked with 10,000+ databases and all the tables had GIGO in them (Garbage In, Garbage Out.) We had to code around the garbage and quite frankly it appears that would be easy on the Bitcoin Timechain to seperate out Ordinals from Transactions. Further, 'One mans Garbage, is another man's treasure.'

But my post today is a question, with this line, in a recent Bloomberg article, specifically for 'Store of Value.'

https://www.yahoo.com/finance/news/memecoin-mania-nfts-bring-seismic-130000466.html

"But Bitcoin purists argue the Ordinals phenomenon clogs the network and interferes with the largest cryptocurrency’s store-of-value and payments functions.'

To me, I don't mind paying a higher transaction fee when I want to 'Forever Stamp' my Bitcoin into the Timechain.

It is no different than my paying a one time toll to ride the Bitcoin Autobahn until someone decides, after I am long dead, they want to exit/sell.

What am I missing? I don't care if Bitcoin scales, at Level 1 it was never meant to for Digital Fort Knox Store of Value thus the Level 2 micropayments (i.e. not microsaving) Lightning Network. Let the miners reap rewards on the finite ordinal garbage that can be stored along side the Digital Gold?

A half hour into the Bitcoin Conference, I wanted to share with you a chart but it won't generate my FOMO scale. I am not getting an error message, is it because it is ZERO?

If you have ever presented, it is actually harder, and much more effort to condense what you have to say in a bunch of elevator speeches. If a conference is simply all panels, watch out for this GUY (or gal) https://www.youtube.com/watch?v=htTLWC1unMc

Carla is amazing and adored by all.

Bitcoin Magazine's Big Miami Event the 'Bitcoin Conference.' After spending a lot of time last year watching the events online, I was the opposite of FOMO. It was really pretty dull, unprofessional, lacking substance. Panels are great for certain things but an entire conference of people essentially 'winging it'? That is low effort and it shows.

But I am going to give it another shot this year, I blocked off most of two days to watch online again. But after carefully reading the agendas for the next two days, I do have to question. I am mostly a lurker on Bitcoin Twitter, but it is undeniably the 'Who's Who of Bitcoin' and when I compare that list to the BTC Magazine Agenda it's the 'Who's that of Bitcoin?'

Which leads me to Swan and Cory. Cory bugs the crap out of me at times but his Bitcoin efforts are top notch:

- He was right to question things when Bitcoin Magazine did a list of the most influential people in Bitcoin

- His Pacific Bitcoin was far superior to the first Miami Bitcoin conference and did have the big names and a zillion sound bites

- Swan knows journalism and substance over 'word salads' and essentially Bitcoin verbal masturbation where everyone oohs and aahs over the same shit that has been said repeatedly. Essentially a remix of what Satoshi has said since 2009. Satoshi probably left because he didn't want to die of boredom.

- It's no secret more money can be made by having the shitcoiners in the mix but at least Swan has the guts to draw the line but maybe it is for entertainment purposes only.

- Bitcoin is boring. It works. It works great. It has worked moving over a trillion dollars at the speed of light via a digital 'encrypted wall of energy' for the past 14 years without any issues. Bitcoin is Math\Logic. Humans are Feeling\emotive.

So, here I am, waiting to see what this year gives us? Hopefully not the same 'gender fluid' Bull or dick veined El Salvador Volcano? That isn't fresh or new or exciting to anyone? I really hope I have severe FOMO this time but for now, what is there to look forward to?

- Udi drama who recently got his pants tight saying to the world how he 'Broke Bitcoin'

- Bitboy and other complete crypto losers who only have themselves as their best interest$

- Craig Wright goes on stage and everyone cheers?

- The unveiling of the Skull of Satoshi?

One reason I will be watching is because of Yellow and thinking of all the potential content he may be getting. That guy is amazing in so many ways.

I hope I am wrong, please, please, please bring me massive FOMO.

Tried my first article on Habla News.

Bitcoin: "Bitcoin is Peace/Love to FIAT's War/Hate"

https://habla.news/a/naddr1qqxnzd3cxs6rydecxuurzwpnqy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qg7waehxw309ahx7um5wgkhqatz9emk2mrvdaexgetj9ehx2ap0qyfhwumn8ghj7mmxve3ksctfdch8qatz9uqsuamnwvaz7tmwdaejumr0dshsz8nhwden5te0wfjkccte9ehx7um5wgh8w6tjv4jxuet59e48qtczyzfrrm4g38lg7zlvz5x5aw5m8f9703hqjchzqt6ffqq467c56yhwyqcyqqq823ccrld5r