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mike
e83b66a8ed2d37c07d1abea6e1b000a15549c69508fa4c5875556d52b0526c2b
Building "Brian", my first brain in silicon Fully vested Chief AI Officer (CAIO) Former, failed, Chief VLOG Officer Former Chief Shitpost Officer - NOSTR Inc. Node runner - Miner - Author My public relay: https://nortis.nostr1.com/ My book: https://mikehardcastle.com/my-book-why-bitcoin/

Iโ€™m awaiting my neighbours for cocktails. They are late, Iโ€™m drinking their drinks ๐Ÿ˜‚

We were going to sell our main home, but objected to the estate agent fees so decided to Airbnb it instead.

No, I really donโ€™t.

But thatโ€™s a moot point, because unless we sell the house thatโ€™s the last Bitcoin Iโ€™ll be buying.

Iโ€™m all in ๐Ÿ˜‚

It comes to something when you have to orange pill the exchange you are buying Bitcoin from ๐Ÿ˜‚

I remember CoinCorner insisted I phone them after buying more than ยฃ1,000 of Bitcoin.

They were concerned I was being scammed.

Turned out the call centre guy was not a Bitcoiner and hadnโ€™t read my book.

I orange pilled and sold a copy of my book that day ๐Ÿ˜‚

Yes, right before he sold all his pre mined coin to start a Bitcoin strategic reserve ๐Ÿ˜‚

I might put some time into studying it ๐Ÿค”

Iโ€™ve had trouble with Revolut especially in the โ€œCryptoโ€ part.

If you stick to small numbers theyโ€™re fine. I tried to buy a chunk of Bitcoin with my wifeโ€™s pension payout.

It all went horribly wrong ๐Ÿ˜ฉ

I ended up buying it all on Xapo

I have a new policy.

Ignore the gaslighters ๐Ÿ˜‚

Iโ€™m on my 6th argument in 3 years on here.

3 of them in the last fortnight.

Is it me or is NOSTR becoming the cool place to be ๐Ÿ˜‚

Have you ever considered the problem might be you ๐Ÿ˜‚

Look, I didnโ€™t want to degrade to this level, but if weโ€™re doing that then my contribution is โ€œJust fuck offโ€ ๐Ÿ˜‚

I live in the grey UK and wear them here on sunny days.

I would literally die if I didn't wear them when I'm in the Caribbean ๐Ÿ˜‚

Also, I don't have any sleep issues.

I also look cool in them (self certified)

They are also baked into my AI avatar, so I am legally required to wear them while shitposting ๐Ÿ˜‚

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OK, understood.

Altcoins aside, I'm not an advocate of using Bitcoin as collateral.

That's not to say that you can't make money at an individual level and I don't criticise anybodies personal choices.

I explored it in depth about a year ago when everybody started offering Bitcoin loans. I even wrote an article about it here:

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Pretty much.

I do earn $MYST on my VPN node tho and I made a shit ton of money pumping and dumping $TRUMP ๐Ÿ˜‚

Everything in the fiat system is going to collapse, Bitcoin is going to replace it, in the same way the Internet replaced fax machines.

Until a couple of years ago, Internet fax gateways still existed, however.

Most companies have tangible value and their share price should reflect this, as fiat becomes increasingly unable to do this, share prices will be shown in Sats.

In countries with hyper inflation, such as the Lebanon, people still use the currency on a day to day basis, but as soon as they received payment for their goods, they transfer that local currency into a more stable asset such as dollars, or in the Crypto world, Tether or Bitcoin.

What surprised me about observing these countries is that hyperinflation is no longer an end game, it simply enforces a different coping strategy.

I do like to try to understand Altcoins and the ecosystem and adopters, so I follow a couple of alt advocates.

This video is significant, it not only shows that Bitcoin is the true asset, but it also shows that Altcoins are all about trading and taking profit.

If watching Shitcoiners offends you, don't watch it ๐Ÿ˜‚

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

Also, everything goes in circles, we are re-fighting the encryption and privacy battles from the 1990's that PGP and Phil Zimmermann won, so many banks will continue to fight this and ultimately loose.

And the path to victory is never smooth.

I think they are advancing.

My bank is Xapo, a Bitcoin bank.

My original bank is Barclays, which is to customers extremely hostile to Bitcoin despite buying it for its own balance sheet.

Game theory wins, you are obliged to play a game that disadvantages you, because not playing it disadvantages you further

Right now, the mempool is mostly empty, you have freedom of choice to use Lightning or mainchain.

Later, who knows.

I recently heard about the Ark protocol, which is an interesting development.

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Spam is an opinion. My view is Bitcoin is money, that has nothing to do with cat JPEGs. Others have different opinions.

Blocksize determines transactions per second.

Currently Bitcoin runs at a maximum of around 7 TPS.

You can compare this to the banking system, who make settlements internally mostly using RTGS (Real Time Gross Settlement), this has a max throughput of 9 TPS.

If you want Bitcoin to be the worldโ€™s settlement layer, then its current capacity is sufficient.

If you want the world to use it to settle any transaction size, then 7 TPS will not be enough.

Currently Lightning is good up to about 1M Sats.

RTGS generally operates at millions of dollars.

In the future it is unlikely this gap will reduce as BTC price increases.

I think this is going to be a problem.

Second VLOG from Ventnor on the Isle of Wight.

I'm going to need a better Mic ๐Ÿ˜‚

https://v.nostr.build/uTn4wSckj2F1xWMQ.mp4

Wallets come and go, seed phrases are here to stay.

My mate had a seed phrase heโ€™d written down. I loaded it into Sparrow wallet - nothing there. He was sure he had Bitcoin on it, so I loaded the phrase into Atomic wallet.

Turns out heโ€™d bought Bitcoin Cash (BCH) ๐Ÿ˜‚

I literally donโ€™t understand a word of this, but itโ€™s Will, so download and use now ๐Ÿ˜‚

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True, Iโ€™ve not seen my cat since it called a police officer ๐Ÿ˜‚

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We need more Bitcoin podcasts to compete with the vlogs ๐Ÿ’œ

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Kill all AI ๐Ÿ˜‚

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The bar Iโ€™m at doesnโ€™t have good enough WiFi to publish my 2nd vlog, so hereโ€™s #beerstr instead ๐Ÿ˜‚