Bitcoin is the exit strategy!
Is it possible to #zap but remain anonymous? #asknostr
“I've moved on to other things. [#Bitcoin] is in good hands.”
-Satoshi Nakamoto, April 23, 2011
Exactly 13 years ago, today.
Not so long ago we saw single digit “high priority” fees. I wonder how long it will take to get back to that.
Playing catch with your son is more valuable. You’re a good dad. Bitcoin continues on.
I’m looking forward to more block analysis by people who are smarter than me. I’m curious what was included in that block.
I was here for block 840000. Thank you nostr plebs. Thank you Satoshi!
I believe the price action during the #halving will be uneventful, but it will be intriguing to observe how the fees are affected. I wonder how much people would be willing to pay to be included in block 840,000. #bitcoin #btc
I always thought this would make a great design for a sticker and an even better design for a bar coaster!
During the end of my haircut this afternoon, my barber brought up #Bitcoin. He asked, "Do you know anything about Bitcoin?" I couldn't help but smile and replied, "A little bit, why?" He then mentioned, "I saw the halving is coming up in a few days, should I buy some now or wait?"
After some discussion, it became evident that he thought the price of Bitcoin would be cut in half during the halving. I took this opportunity to explain what actually occurs at the halving without diving too deep into technicalities. I explained that there will only ever be 21 million Bitcoin, unlike the government's ability to print infinite dollars, which he connected to inflation.
To illustrate, I pulled up the #BTC-USD price chart and showed him the spikes that happen with each halving, cautioning him to expect short-term volatility. I shared that personally, I am holding Bitcoin for the long term and am curious to see what happens in 5, 10, or 20 years.
Realizing I was the last customer and he was finishing up cleaning the shop, I didn't want to take up too much of his time. I encouraged him to text me if he had further questions. I also offered wallet suggestions in case he didn't have one, mentioning that I would tip him in Bitcoin next time I visited.
Reflecting on the conversation later, I found it challenging to explain with enthusiasm while also conveying the risks involved. I emphasized that Bitcoin investments are not without risk, and I would hate for someone to lose money based on a brief conversation we had.
We are still early.
I think about that too. Another reason is that I want my notes to add value instead of being filled with edgy word vomit.
Good timing on this post, I have been looking at both. I want to run my own #BTC node and then possibly add a BTCPay Server… or use a mini PC like a NUC… so many possibilities!
Bitcoin offers a hedge against traditional financial risks and economic instability. Its capped supply and global accessibility position it as a store of value independent of centralized control. Bitcoin provides individuals with a means to diversify assets and preserve wealth in the face of inflation and geopolitical uncertainties. #Bitcoin is the exit strategy.
I had a nice discussion about this topic a few days ago. Good post 👍
nostr:note1f8munfpzh2hg98jm2wh2dxaudzl9zl0ducyzqxcfwsmzmus7d0zqgqrlsj
When in doubt, zoom out. #bitcoin
I approach presentations in a similar manner. For prepared presentations, I use notes with bullet points to guide me. Additionally, I spend a lot of time practicing aloud or repeating the content in my head beforehand. This method helped me get through school, and surprisingly, it still aids me today.
However, the most crucial aspect is having a solid understanding of the topic. When you are well-versed in your subject matter, it's easier to speak impromptu and answer questions confidently.
Somewhat related: "To know what you know and what you do not know, that is true knowledge." - Confucius
I’ve been thinking about high transaction fees lately and how they might compare to fees associated with fiat transactions in the future. This leads to the question: should #Bitcoin be considered a store of value (akin to property) or a medium of exchange (like currency)? High fees may be more appropriate for one versus the other.
Can #BTC be both now? If so, will it be both in the future?
I’ve been thinking about high transaction fees lately and how they might compare to fees associated with fiat transactions in the future. This lead to the question: should Bitcoin be considered property or currency? High fees may be more appropriate for one vs the other.
That’s the rabbit hole I’ve been going down today.