"My money is at the bank"
1 - It's not YOUR money:
The bank can arbitrarily take away your access to your account and your money, or it can simply become accessible (cf banque du Liban panic in recent years).
2 - it is not "in the bank":
Banks are legally allowed to operate with fractional reserves (0% in the US since 2020 🤡 ) and are systematically unable to repay all customer deposits if they had to.
3 - it's not money:
They are IOUs from the bank, themselves backed by money created out of nothing by the central bank, entirely virtual and able to be created ad infinitum and at no cost.
#Bitcoin
When you dedicate yourself to understanding something as revolutionary as #Bitcoin , you start to see the world differently. It’s not FOMO—it’s the realization that you’ve been on the wrong side of the system for too long, and Bitcoin is the key to breaking free. Once you see it, there’s no going back.
Imagine trusting the govt with Bitcoin advice. It's like asking a vegan for steak recipes. Stick to decentralized freedom and watch the fun unfold!
So the US Gov is selling $4B in Silk Road Bitcoin cheap at $59k right before the bull run starts. What a way to ruin their country.
I will buy this juicy dip.
Here for you fake Sergio:
lnbc21u1pnssxa5pp5kh36ruu99uwwpw8cynelmv84sct5k5kdgpsqyqf9tmz4mu7egjvqhp55ztlxuzk4vm7ttayt3l2uw7kceyl4y8h874xy282sgrxu92svtxqcqzzsxqyz5vqsp5p0shz52yq9rresay7r52k0cvdfrhrsgrdahvgghc6nramxl6hwvs9qxpqysgqe6dvy7swlj9vpyh7deagau4nd5a23mm2ycvz059natwjfxjur0hzp80js5hvyzkzs772x7qa2v05gawksedyhdwvn3jaq4t86tcyc2gpzg5mqq
I just bought 930245 Satoshis.
That was fucking amazing.
#Bitcoin #Zap
How much money does central banks and banks need to print for normies to understand #Bitcoin ? $13T by The Fed in the pandemic was not enough. We need more.
Just by holding #Bitcoin you’re contributing to the biggest and most important change in human history.
Satoshi Nakamoto wrote code that was not usual. He had many quirks. We can find him by comparing his code with others, but no one did that yet.
When I first saw their code, I thought "Satoshi is not a programmer" because of how weird it was. He didn't follow normal code practices that were modern at that time.
He made big use of locks when it was out of fashion. He used Hungarian notation which was no longer used. He made spaghetti function recursion and never used objects to encapsulate processes. He also targeted Windows.
All of this indicate an older person, possibly not a software dev but from a close domain like engineering or physics. His whitepaper hinted at a background with a practical focus but not a mathematician.
The code was highly idiosyncratic and personal including the style itself. Analysis of the code will tell us everything.
You can even compare the code from 2008 with the code in 2010, and the way Satoshi writes code doesn't change. You can actually see the change from proof of concept to hacked up Satoshi node.
Whenever anyone says X is Satoshi, my first response is always "show me the code". This should be our default position.
But no Bitcoin coder (including myself) cares enough to do this. We're all so busy with real work. And I guess we also respect Satoshi-kun's wishes. Even writing this post showing how we can find him feels almost like a betrayal.
To be fair to Peter Todd, he handled it well and didn't try to claim undue credit.
#Nostr #Bitcoin
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Thank you Satoshi
Thank you Ser, followed
Thenk you Ser
What the fuck do they do at the #Bitcoin conference every year? I've never understood this