Hard Truth #1
“#Bitcoin is NOT a globally scalable digital cash system. It is a globally scalable economic consensus system on which Digital Cash is finally possible.
Block-size is not a relevant topic in the discussion of scaling a #bitcoin for global consumer payments”
Guy.Swann on ‘Guy’s Take’ episode 88
Sitting has many benefits. It maximizes room space & makes it multifunctional. It allows the individual to practice the art of grounding, minimalism & simplicity. Sitting has positive effects on digestion and posture.
There is wisdom in selling your chairs to stack SATS 🧘♂️
Anon, I choose #Bitcoin as my store of value not because of a want for materialistic desires & gains but a need for more time to explore the sciences, arts ,poetry & wonders of this magical world 🫶.
Apologies for my drunken stupor.
The correct metric is 12,4% complete.
nostr:note1qdx3kqe6v2epck9jew96gz5tnze2vv3dys73aq0shlg4rk0avc7qcyr94m
“Many say #Bitcoin privacy is broken. If we look at the on-chain activity, about $300 billion dollars worth of #bitcoin is moving between on-chain wallet addresses weekly. Professional on-chain analytic services say about 1% of it is crime, but can’t say what the other 99% is…
Granted it could be UTXO consolidation, owners moving their existing stack to a different wallet address or the exchange of goods & services. No one knows because #Bitcoin privacy is working & improving.
The activity is very unlikely to be spam because when someone moves their #bitcoin on-chain they’re using their private key to sign that transaction, and in doing so there are associated risks and a cost which disincentives any spam attempt.”
Thoughts inspired by @BitcoinPierre on the @stephanlivera podcast.
Episode 602 titled “Bitcoin product market fit for savings”
We are currently at block 861 042.
The final SATS to be mined will be block 6 930 000.
We are 8.9% complete.
How is #Bitcoin growth & development defined?
Cyberspace is becoming my reality. Wasting the best years of my meatspace existence exploring the abyss of endless bits of data. Ready to be locked in and uploaded.
Who needs the sun when I can be anyone & have empty experiences of meatspace knockoffs.
“The Number 4 plays a fundamental and almost magical universal role in all of life” - Geoffrey.West, theoretical physicist
DNA consists of 4 nucleotide structures.
4 stages of human life.
Most animals have 4 limbs.
There are 4 seasons.
There are 4 cardinal directions.
There are 4 elements.
In Buddhism,there are 4 noble truths.
In Christianity, there are the 4 horseman of the apocalypse.
The tetrahedron,the most stable 3D object has 4 triangular faces.
The Day is divided into 4 segments.
There are 4 phases of the moon.
There are 4 fundamental forces in nature.
In design,art & architecture 4 sided figures are used for balance, structure & symmetry.
In music, there are 4 beats in common time.
There are 4 suits in a deck of cards, and 4 sides to a probabilistic dice.
In digital computing, bits are grouped into binary quads, making 4 a base unit for building larger data structures.
In Einsteins Theory Of Relativity, space & time are unified into 4 dimensional space time.
So Yes Anon, maybe Satoshi.Nakamoto intentionally chose the #Bitcoin halving cycles to coincide every 4 years with 🤡 clown world politics…or maybe his/her/their/it’s universal knowledge & wisdom extended beyond our 3D thinking of the world.
#Bitcoin is a powerful emerging cyberspace force that’s impact will push the world into new dimensions of discovery.
#Bitcoin provides simplicity to the underlying complexity of the free market.
Excerpt taken from ‘Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger’
It identifies how the current financial system attracts a lot of societal capital without providing productive & sustainable value back to society. Participation is for money in and of itself.
The graph is taken from “Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and Companies”. According to the “Rate of living theory” all animals have the same number of heartbeats per lifetime 🫶
#Bitcoin’s heart beats every 2016 blocks, on average every 10 minutes🧡
Anon, those of us who are balls deep down the rabbit hole or very high up the Merkle Tree’s arse should avoid distilling insights about #Bitcoin to normies who still struggle to intellectually grasp the “Bitcoin is digital gold” narrative.
Insights of religious scriptures prophesizing its creation, or analogies to nature and living organisms, or how it will help civilization in energy and space exploration may be a tad bit overwhelming for a NPC.
James.Ritty invented the cash register to prevent his employers stealing money from him.He understood bad behaviour is intensely habit forming when rewarded so he created an incentive model that made dishonest actions hard to accomplish. It served as a great moral instrument.
Do you think James.Ritty would be for #Bitcoin?
The mechanism of its virtue to discern, discover or communicate value makes it valuable. To the degree that #Bitcoin enables this makes it a reflection of The Logos. It animates action with purpose, meaning & value.
Thoughts inspired by nostr:npub1cqm6dztalp4l6n04f9k20c333xftgangjla337736dr6faz9na0qf2hjec
If #Bitcoin becomes the dominant global money, then it will become the sum & representation of what civilization deems valuable not only for survival but also to thrive and be prosperous as a species.
1cm = 1cm provides a constant for measurement of different spatial dimensions . It provides identity for measurement.
1BTC = 1BTC provides a constant measurement for the concept of ‘value’ in different spatial dimensions. It provides identity for value.
#Bitcoin is a cyber organism that wants to have a symbiotic relationship with our species. It is part of our next step in evolution. We are becoming cyborgs.
Max.Planck was a famous German theoretical physicists who is known as the father of Quantum Theory. He once tried to study economics but gave up! The smartest man at the time, when asked why, his response was ‘it’s too hard. The best solutions are messy and uncertain’
Do you think Max.Planck would approve of #Bitcoin?
“The individual has their purchasing power in a hyperportable & unseizable asset that gives you a lot more options of where you move yourself, your business and your capital.”
nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um discussing how #Bitcoin enables the individual to vote more freely with their feet.
Anon, if your dream is to become a successful entrepreneur regardless of the nature of your business…deciding what buisness to start during this time of uncertainty with technology, geopolitical and socio-economic factors can be challenging.
If #Bitcoin become the best & most widely used form of money, a sure bet would be starting a business that offers a service that is currently nationalized or monopolized by central planners.
If you really run your business well & better than the central planner…
The revenue that the central planner would normally receive from the ‘customer’ would go where there is more value i.e. your business.
So if you’re good at Maths & physics, consider becoming a civil engineer that knows how to build roads effectively & efficiently.
It would definitely be a high paying job on a #Bitcoin standard.
What other careers on a #Bitcoin standard, would rake in the SATS? Be a good idea, to start a tertiary learning institution that would focus offering courses on careers that would excel on a #Bitcoin standard.
We don’t log all the failed hashes attempting to find the lowest target hash for The Block Reward.If the #Bitcoin network hash rate is 600 exahash, it means we’re pulling in 600 quadrillion hashes per second. There are 600 seconds in 10 mins.600 seconds x 600 quadrillion hashes
= 360 quintillion guesses on average for every 10 mins a block reward is found AND typically only one of those guesses is considered a valid hash.
It is a ridiculously unfathomably big number. Humans brains are not made to process how large that number is.
Listening to nostr:npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89 & nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u on The Bitcoin Podcast discuss & describe the computational math of The #Bitcoin mining process makes you feel like your with team Nebuchadnezzar inside an ASIC miner & you can see the hashes. 💯