bitcoinlimit
₿itcoin ∞/21m

Software engineer. Mostly tinkering with FOSS stacks. Building web apps on connected IoT devices. Developer of @btcframe. Running #Bitcoin

Public Key

npub12h358ejcjpeaxyhu4vcqwhjtg6qndxm9gk007d48utlylzq2e5dsdmk3mr

NIP-05 Address

bitcoinlimit@verified-nostr.com

NIP-57 Address

tanearwig5@primal.net

Profile Code

nprofile1qqs9tc6ruevfqu7nzt72kvq8te95dqfkndj5t8hlx6n79lj03q9v6xcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dszmpx6c

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub12h358ejcjpeaxyhu4vcqwhjtg6qndxm9gk007d48utlylzq2e5dsdmk3mr

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Last Notes

2024-09-07 20:50:26

The current structure of #Bitcoin price is beginning to bear a striking resemblance to 2019.
A closer examination of the chart reveals an almost perfect fractal mirroring the movements we observed back then.
Bitcoin has remained in a prolonged consolidation phase, and intriguingly, just like in 2019, this phase has now extended for exactly 175 days (so far).
We are approaching a critical juncture where significant upside price action could unfold.
Will history repeat itself, or will we witness a deviation from the 2019 pattern? Time will soon reveal the answer.
https://m.primal.net/KihO.jpg

2024-09-06 13:23:44

This is the Lebanese pound, and #Bitcoin is now priced at over 8 million LBP. Soon, other currencies will follow the same path. And when power law or other models tell you to sell, don’t listen to them, because all your models will be destroyed.
https://m.primal.net/Kgoc.jpg

2024-09-03 23:46:49

The peaks following each #Bitcoin halving have consistently shown a declining trend in their percentage increase relative to the prior peak level (PL), following a regular exponential rate. If this pattern continues, the projected peak in late 2025 would be approximately 80% above the current PL, suggesting a potential price of around $280,000 per coin.
https://m.primal.net/KcyO.jpg

2024-09-02 13:47:00

#Bitcoin whales are on an aggressive buying spree, with 283 new 100+ BTC wallets added in just the past month. The total number of 100+ BTC wallets now exceeds 16k, marking a 1.83% increase from last month.
https://m.primal.net/KaYr.png

2024-08-29 20:42:35

📈 The numbers are in: #Bitcoin mining in Texas continues to thrive with a staggering 31.21% increase in total energy usage for August 2024 compared to last year. Despite the surge in demand, electricity prices have taken a dramatic plunge, dropping by an incredible 79.52% YoY.
This unexpected twist leaves anti-Bitcoin critics in disbelief as the narrative shifts. While the energy usage for Bitcoin mining climbs, the cost per megawatt-hour is significantly cheaper, showcasing the evolving efficiency and potential sustainability of Bitcoin mining operations.
Is this the new face of Bitcoin mining? It sure looks like it. 🟢🔋 #Bitcoin #Mining #BitcoinMining #EnergyEfficiency https://image.nostr.build/758596e815018cedbeff4909984437732e338791426ee27d6e8da852229d27eb.jpg

2024-08-16 13:47:10

Global M2 is surging uncontrollably, and efforts to suppress #Bitcoin price are intensifying. The question is, how much longer can they maintain this facade? Not very long!
https://m.primal.net/KBYv.jpg

2024-08-15 11:19:57

This is big! Tap to pay #Bitcoin via NFC is coming to iOS. Apple is warming up.
https://www.apple.com/newsroom/2024/08/developers-can-soon-offer-in-app-nfc-transactions-using-the-secure-element/

2024-08-09 14:14:24

In the near future, consumer electronics will increasingly integrate with the #Bitcoin network, offering free sats as incentives. This shift benefits everyone: companies can boost their market share by giving away the world’s most secure form of money, while consumers will gravitate towards Bitcoin-friendly products, favoring these incentives over traditional alternatives.
https://m.primal.net/Jtgv.jpg

2024-08-08 23:54:51

Are we good? 160k eod. 🤓
#note1kzt…a4fv

2024-08-05 11:30:18

Completely and utterly no feelings about this dip. Just grateful for more time to accumulate cheap sats. 🙏
If you’re in a panic mode, go check network difficulty and hashrate. They’ll tell you the truth. #Bitcoin for life!
https://m.primal.net/JojK.png

2024-07-28 15:25:38

Europe's contribution to #Bitcoin is often underestimated. The attached table shows the distribution of public nodes across the globe. Given the population difference between the EU and Asia, and the rest of the world, the EU's contribution is significantly higher, especially compared to Asia.
Of course, these are all reachable public nodes, and the number of private nodes is significantly higher. Some estimates indicate that private nodes exceed 100,000. Regardless, the EU's contribution from the public nodes' sample size is still very significant.
For example, Germany alone hosts 6,000 public nodes, representing 15% of all reachable public nodes. In Frankfurt alone, there are around 700 public nodes up and running 24/7. Another example in the EU region is Helsinki, Finland, which hosts around 600 public nodes.
To put these numbers in perspective, the number of public nodes in all of China is around 3,000, half the size of Germany's public nodes. This stark difference is notable given the population disparity.
In conclusion, the data highlights the EU's pivotal role in supporting Bitcoin's infrastructure through a substantial number of public nodes. This significant contribution not only showcases the region's enthusiasm for Bitcoin but also underscores the importance of decentralized participation in the global Bitcoin network.
https://m.primal.net/JhJc.png

2024-07-27 12:13:12

Michael Saylor’s 21-year #Bitcoin forecast. $13M is the base case.
https://m.primal.net/JgEX.jpg

2024-07-26 20:56:00

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Much sooner

2024-07-26 19:02:00

#Bitcoin Spot ETF volume in the first day of trading was $4.5 billion USD compared to eth $1 billion. Of which the pre-existing Grayscale Ethereum Trust saw the biggest activity at $456 million, mostly outflow.
In other words, eth whales who pre-mined their tokens dumped their elephant load onto retail in the first day of trading.
https://m.primal.net/JfWR.jpg

2024-07-26 15:27:30

Do not sell your #Bitcoin
https://m.primal.net/JfMC.jpg

2024-07-24 14:34:26

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Wait until you find out that they require you to provide your email to get access. 🤣

2024-07-23 12:51:43

New Bitcoin mining hardware is being activated by big miners.
✅ M66s went live last week.
✅ S21 Pros are going live this week.
Current hashrate 732 EH/s
Here we come 1 Zettahash!
#note13e9…44qs

2024-07-21 19:21:46

Polymarket is the news.
https://m.primal.net/JZNL.jpg

2024-07-21 17:27:54

All fiat currencies are destined to collapse, while a commodities supercycle is poised to emerge, reshaping global economic landscapes. #Bitcoin will become the native currency of all machines, enabling seamless communication among them.
#Bitcoin will be regarded as the future’s greatest construct, so significant that some will die with their own private keys, fully aware of their pro rata contribution to humanity.
https://m.primal.net/JZHK.jpg

2024-07-21 13:25:18

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Oh yeah!

2024-07-21 13:24:34

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Not only that, spending fiat on something else also makes me feel guilty and feels like a lost opportunity that could’ve been used to buy bitcoin.

2024-07-21 12:11:53

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This comparison pertains to the USD pair. I agree that when adjusted for CPI, gold, and money supply, the value should be significantly lower.

2024-07-21 12:07:48

The concerns surrounding Mt. Gox's potential market impact appear to be overstated.
The growth in market capitalization has significantly outpaced the increase in realized cap, indicating robust demand. Despite $224 billion in #Bitcoin sales since 2023, the price has surged by 350%.
Even if Mt. Gox's $3 billion worth of Bitcoin were to be sold on Kraken, it would represent merely 1% of the realized cap increase during this bull cycle, suggesting that the market possesses sufficient liquidity to absorb such sales.
More than a third of the Bitcoin owed to creditors of the defunct exchange has already been distributed, with reports indicating a 36% distribution as of July 17. Since then, Bitcoin prices have remained stable, consolidating around the $63-65k level for the past four days.
https://m.primal.net/JYqc.jpg

2024-07-20 15:28:11

#Bitcoin balances on all exchanges are hitting all-time lows. What do you think happens when BlockRock and Fidelity suck in all available coins and there is no more corn to purchase? 🌽
$1m, $10m, or $100m usd per coin? Do fiat currencies have any relevancy at that point? https://image.nostr.build/10bb5babf8b30e9fa56eb12b16d3df98f1b33ee2e08747bdacd3ea51f5c259d7.jpg

2024-07-20 14:51:02

If you’ve ever doubted whether to buy #Bitcoin or the shitcoin ETH, the table below might help you a bit.
This applies to ETFs as well.
Remember, when you buy ETH, you are buying someone else’s pre-mined scam token that has an infinite supply. https://image.nostr.build/138006e3c1a27584c79113f602190da3a89bc3b69785acbcb447c3f3121215ad.jpg

2024-07-20 14:03:40

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Around 1999-2000 EURUSD pair had peaked. So probably this is a measurement against USD.

2024-07-20 13:54:30

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🙄

2024-07-20 13:42:31

Are you paying attention to what’s happening?
#Bitcoin ETFs bought 5,700 #BTC yesterday alone.
Only 450 were mined. Supply shock will
soon hit the market very hard taking the Bitcoin price over 100k. https://image.nostr.build/ee5870c9ade008b15b7d12cac04344899e9d7d1013349919b9cbb6a7ff661a3c.jpg

2024-07-20 13:36:02

The Euro is collapsing.
Since its inception in 1999, the Euro has plummeted by 40% in value.
To put this starkly: 1 Euro today buys only 60% of what it could back then.
Opt out of fiat.
#Bitcoin is the solution https://image.nostr.build/999e70f724d04d72ade2931b8bfafd754c0322bbef76a27077bdaa91b5d332b0.jpg

2024-07-20 11:46:40

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💯

2024-07-20 00:01:52

Hear me out. There is no second best. #Bitcoin #StackSats #PoW https://video.nostr.build/4bd5da33c2d0c51e7a35d15300b1bc1ac36ade072c6e3d058613a22fdcf1d778.mp4

2024-07-19 19:48:37

In times of deleveraging, #Bitcoin is the safe haven. #StackSats #PoW https://image.nostr.build/7f731b27588c8e0f0d0ce7a537e53e95c1254dbc7e42aa56917b999358bd3376.jpg

2024-07-19 19:40:49

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🔥💯

2024-07-19 18:37:30

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I love the representation of usdsats on this clean interface.

2024-07-19 16:46:27

My $80 Raspberry Pi running on Linux slapping automated cron jobs left and right with zero interruption. https://image.nostr.build/15155490e55e5ab85248354189edaeec5f8b80b66f37f9c7b2d63c82a6feefcb.gif

2024-07-19 16:39:36

A good reminder on days like this.
99.98% uptime since its inception on Jan 3, 2009. #Bitcoin https://image.nostr.build/b4b5883bf89ce47317a325e82553cc09378d5cad3c004dfb197fecc449de6026.jpg

2024-07-19 15:05:16

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☄️💯

2024-07-19 13:55:05

Now, tell me if they can find a #Bitcoin asteroid? ☄️ Forever 21m. ♾️ https://image.nostr.build/0a6371176aa46da47cb3290de6540da10472ec0879158896541a8787d5e4c6b6.jpg

2024-07-19 13:29:15

Using a closed source cybersecurity tool is being okay with a blind surgeon.
That’s why we, Linux!

2024-07-19 13:07:39

Blue screens across the globe. Own your data, self custody your #Bitcoin, run your own node.
Pura Vida, Nostr! ⚡️🧡
https://m.primal.net/JWTz.jpg

2024-07-18 18:19:03

Running #Bitcoin

2024-07-17 17:18:25

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Lezz gooo…

2024-07-17 17:17:18

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Big stuff happening

2024-07-17 16:41:59

Just added nostr links to the btcframe.com website using njump.me.
https://njump.me/npub1gkkahxwca30rf2td22u9p3jnmlh79dylgmm2et0kykftle6tdcysj4zden
Very proud of Nostr.

2024-07-17 15:31:29

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Need an outside fence with a no transpassing sign

2024-07-16 16:57:48

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🤣

2024-06-30 20:38:30

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Working on the 8th dashboard which is goinng to be the reachable #Bitcoin nodes. Here is a sneak peak. All other dashboards are live and available at btcframe.com. Will open source the project on Github soon.
https://m.primal.net/JDhh.png

2024-06-30 20:30:27

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Currently there are 7 live dashboards and will continue to build new ones. #Bitcoin #BitcoinDashboard #BTCFrame

2024-06-30 20:25:41

The BTC Frame is coming along nicely. Check out the live dashboard at btcframe.com #Bitcoin
https://m.primal.net/JDhB.jpg