How is Scott Horton not a raging Bitcoiner? He has a full understanding of Austrian economics. Maybe he’s too old and cynical. I checked and his new Scott Horton Academy doesn’t accept Bitcoin payments. His personal site does have Bitcoin donations though.

He’s a rare combo: someone who has both encyclopedic knowledge of the history of the US empire, PLUS Austrian economics. I’d be hard pressed to find another person like that. There are a couple of other people with the former, but they’re usually still Keynesian or even, in once case, Marxist.

Maybe The Mises Institute is actually holding him back. Many such cases.

My goodbye post for today is with Caroline Campbell wonderfully playing Monti's Csàrdàs.

PS: Thank you for your comments! 👏

I enjoyed this read. Copied from Reddit.

r/Bitcoin

Haunting-Error9852

"Perspective of someone who HODL´d Bitcoin 11+ years

Hello fellow Bitcoiners!

It’s past midnight and I’m sitting at my desk. I just felt this urge to share my perspective, so I pretty much threw this together straight from the top of my head.

Please know that I originally wrote the text in very messy German, just quickly jotting down my thoughts. For a better reading experience, I had ChatGPT translate it into English without losing the character of my original writing.

Hope you enjoy reading it and that it will help some of you in these times or cycle we are in! Because this was the intention.

I would describe myself as an above-average compassionate and loving person. I picked up this personality trait in my early childhood, and back then it helped me keep my life together. But that’s not supposed to be the topic here.

Still, this information matters, because I often think about how other people might be feeling and what they’re going through — especially when they find themselves in a situation similar to one I’ve already experienced.

And that brings us to Bitcoin. I bought my first Bitcoin on July 24th, 2014 at 8:14 pm. At that time, I was studying computer science and had a bit of spare money as a student, and I just wanted to own it — and somehow understand it as well.

I paid €452.72 for it. To this day, I have never sold any of it, only bought more. I’d like to share a bit about what those years were like for me so that new Bitcoiners can draw courage from it, not get distracted by all the snakes and leeches out there, and strengthen their feeling that they’re believing in the right thing!

Even though I studied computer science, I still didn’t really know how Bitcoin actually works or why it’s supposed to be good. There simply wasn’t as much information back then as there is today. I told my father about the purchase and he laughed at me. He said, “Well, play money… but don’t buy any more of that crap.”

Then I went on a 10-month world trip because I had finished my studies and wanted to explore the world. When I returned in the summer of 2015, my Bitcoin was down 50%.

Back then I thought: “Okay, I won’t sell. Either it goes to zero or it recovers!”

It took until May 29th, 2016 for Bitcoin to climb back to break-even. In the weeks after, it pumped to €715. Wow! Percentage-wise, better than my stock investments at the time — which wasn’t hard, since I thought I’d get rich with Chinese solar stocks, which went terribly wrong.

But the disappointment came right away — the entire gain was gone again within a few weeks!

“Damn!!!!! I should’ve sold, I could have had almost €300 profit…”

Look at the chart on Coinbase: that was on August 3rd, 2016, when I thought, “You greedy idiot, you should’ve sold!”

But everything turned out completely different. From there, the price climbed quickly to €1,000. I was euphoric — a real fireworks show! I had doubled my money, wow! And suddenly it went straight down again, and I didn’t know whether I should exit or wait… would it turn around?! I really tore my hair out over it and decided to just let it run.

When the price went back up and hit €2,000, my father said: “Congratulations, my son!!! Insane. Sell now — it won’t go any higher!”

Back then, Bitcoin was framed in the news as the money of and for criminals. In the darknet people still used Bitcoin to buy drugs, weapons and other things. The press coverage was extremely negative and you got mocked from all sides. Really from ABSOLUTELY EVERY side.

Compared to today, you can’t even imagine how unbelievably bad the conditions for Bitcoin were back then! Nobody knew it, and the few who did compared it to the tulip bubble.

And how stupid I must be not to just sell and take the money while I still could.

Why did I hold out and not sell?

At some point I thought: okay, what if there really is something to this Bitcoin thing? Then I learned more and understood for the first time that Bitcoin is limited and decentralized, and that no company, group, or individual has direct power over BTC.

I had always been a rebel. My school years were pure horror, my parents forced me to study, it was a lot of pressure. When I moved out, went to university and earned my own money, I learned to appreciate freedom. And the 10-month trip through Southeast Asia amplified that — I had never felt so free and self-determined!

I realized that Bitcoin aligns much more with the values I stand for than fiat money, stocks, gold, etc. I liked the idea that everyone has the same chances and that “what’s mine is truly mine” (assuming cold storage) and that Bitcoin cannot be inflated.

So I decided never to sell. “Either it all goes to zero or it will change my life forever.”

You can’t imagine how hard my will was tested. I mean, look at the chart!!! Bitcoin went up to $20,000 — can you imagine how I felt?! WOW! Only to fall back down to $4,000 in the next bear market.

Of course I questioned everything again. Of course I told myself, “You greedy idiot, you should have sold! $20,000 — that would have been another 10-month world trip!”

But then Bitcoin went up again! And seriously, try to put yourself in my shoes while looking at the chart. What a fucking rollercoaster ride!!!

The worst part for me was the dump from $69,000 down to $16,000. At that point I genuinely thought: okay, it’s over now. The press was EXTREMELY negative, the words “Bitcoin ban” were floating around, banks warned and demonized Bitcoin, and my dad said: “What do you mean you didn’t sell?! Are you crazy?!”

All the jealous people laughing behind their hands, convinced it would finally crash to zero.

And my dream of freedom was gone! I was so devastated that I told myself: screw the $16,000, that won’t change my life anyway. Sure, it would be a nice vacation, maybe a motorcycle, but I want to be free, damn it! I hate my IT job — the constant meetings, 30 days of vacation, 9-to-5 work. I can’t stand it. (I should add that I earned very well — but I hated the job.)

Again, I decided not to sell and to stay in until Bitcoin goes to zero.

When Bitcoin, to my total surprise, climbed back to $30k, I decided (again....) that I will never sell. I found it hard to believe that something so often pronounced dead could ever be killed, considering how resilient it keeps showing itself to be.

So I started using my good salary to buy BTC from time to time.

I bought Bitcoin at $26k, $40k, $50k, $60k, $80k, $90k, $100k, $110k, $120k.

If you’re asking how I feel about the current correction:

I’m insanely chill! The news couldn’t be better. Seriously — states, pension funds, BlackRock ETF, Harvard, central banks… more and more are speaking in favor of BTC. What a BRUTAL difference compared to the old days.

Of course it will remain volatile! It’s the best store of value in human history, and people with huge wealth make a fortune from this volatility.

To all of you normal folks out there: I beg you sincerely — don’t play this game and don’t get confused by the noise. Buy Bitcoin and hold Bitcoin. That’s all you need to do. And please don’t drive yourselves crazy. I know how hard it is, and how easy it sounds when some anonymous internet dude like me says it.

Do it like I did. Compare your own values with the values Bitcoin stands for. And then decide which side you want to be on. It will be worth it!

I believe in a fairer and better world, and Bitcoin is the fair store of value for all of us.

All the best and let´s ride this together!

p.s. I quit my job 4 years ago and i live a free live. I will never work in IT again and i am now on my way to become a Personal Trainer, as Fitness, Nutrition and Health was always something I was interested about and loved doing.

(Not financial advice. Just sharing my personal thoughts/opinions on Bitcoin.) "

Things I enjoy about Nostr #3:

If you add an extrernal link to a post on X or LinkedIn, your whole post automatically gets seen by ~10% the number of people.

Nostr does not do this! Nostr thereby incentives people to give source links, which improves both quality of the post and the ease of verifying a claim or getting more information.

This well-researched piece of media coverage from BusinessInsider shows how Bitcoin mining in Africa

"boosts local economies, expands energy access, and lowers electricity costs for communities."

And here's the link to the original article ...

The Pixel 10 porting effort is a second task and won't be going through until after this is done.

The Spectator Index just wrote some uninformed 2021-vintage FUD about Bitcoin here on Nostr. I just replied. Game on.

Beware of disgusting provocateurs.

I'm not being sarcastic, just curious-

is there any for real AI company in Europe??