B1tR0y

Full-time Bitcoin node operator and Founding member of the Fiat Farmers for Self Custodial Bitcoin Association. Attempting to get us all through that Great Filter sat by sat! Bitcoin is the way, but only if you HODL your own keys!

#SelfCustodialBitcoinOnly

∞$/21 MM ₿ ≠ $

Public Key

npub19986nenrr02qf5um8ex4wyhpxhn0fk95cdl8l8whjyk84ug7x49q0r5gu9

Profile Code

nprofile1qqszjnafue33h4qy6wdnun2hztsnteh5mz6vxlnlnhteztr67y0r2jspp4mhxue69uhkummn9ekx7mqppamhxue69uhkummnw3ezumt0d5340723

Publishing to

nos.lol

nostr.mom

nostr.bitcoiner.social

Author Public Key

npub19986nenrr02qf5um8ex4wyhpxhn0fk95cdl8l8whjyk84ug7x49q0r5gu9

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Last Notes

2026-07-29 20:01:17 UTC

Anybody else get locked out of their account today and have to verify they were human on x? Also I received a message from X saying they added a label to my account because my account may have featured some type of inauthentic Behavior which I have no idea why that would be the case. Either way I'm just wondering how far reaching this issue is.

2026-03-08 05:02:32 UTC

Anyone who thinks the supply & demand profile is what currently determines $ price of bitcoin is a 🤡 IMO. The only time that will be true is when enough HODL their own keys and refuse to sell all but what's absolutely required. This is the only way we separate state & currency!

2026-02-11 18:33:28 UTC

Winning the TARDFI attack on Bitcoin is simple but apparently not easy to coordinate (thanks centralized SM and cucked MSM)
1) Take self custody of BTC.
2) Run the version of the bitcoin node you feel best represents BTC principles (hint it's not the version bloating the blockchain with spam).
Once enough realize this, they will realize the only way tardfi can stop the plebs is by refusing self custody and thereby cutting off their nose to spite their face and forking off into irrelevance. Just my 2 sats.

2025-12-17 15:44:12 UTC

Why allow ourselves to be in a system where such a small group of people can inflate the money supply we're forced to use and accept the resulting inflation? They don't ask permission and don't tell us how much they print. Self custody Bitcoin is the only rational measuring stick!

2025-12-17 15:33:53 UTC

Using fiat currency as the denominator to measure economic activity, free markets don't exist. Instead the money printer picks the winners and the losers. We can't let fiat economics be conflated with the finite nature of bitcoin. It's fiat price is an attack vector until it's ∞. #ChangeTheUOA to BTC!

2025-11-18 14:34:55 UTC

What most believe is BTC is not scarce. In fact everyone could own as many "bitcoin" as they want if they keep it on exchanges since exchanges IOUs aren't BTC until they're in self custody. Its scarcity is irrelevant until enough understand the only #btc is self custody. #nyknb

2025-11-12 15:27:42 UTC

If the way we assess bitcoin's value is by how much fiat currency it's worth, then those who control the value of fiat currency will control the value of bitcoin. These are the same folks BTC is designed to usurp! It's time to think different. ∞$/21 MM ₿ ≠ $
#ChangeTheUOA

2025-09-19 12:35:37 UTC

- reply

In other words, as long as we believe that their fiat printed out of nothing in whatever quantities they want has any value whatsoever, they will have control of all the value in the world because they'll print as much as needed to do so! #ChangeTheUOA to #SelfCustodialBitcoin

2025-09-19 12:30:29 UTC

#BTC_PSA : As long as #bitcoin has a fiat price the money printers are in charge.
Don't trade bitcoin for fiat, trade fiat for self custody Bitcoin until we separate state and currency and get our country and our world free from the fiat war machine! #SelfCustodialBitcoin #nyknb

2025-09-07 02:05:42 UTC

Today all markets are mispriced as they're denominated and dominated in $ ( fiat currency) who pulls all the strings. #Bitcoin poses a direct challenge to this system of control and once it's been defeated we can and will have truly free markets denominated in self custody #btc as the UoA and a government for and by the people again.

2025-08-29 19:01:39 UTC

As long as folks are willing to price #bitcoin with fiat currency, the money printers will dictate that price and we'll continue to be enslaved by them and unable to achieve separating state and currency. DCAing #btc into self custody regardless of the $ price is our only hope.✌️

2025-08-15 15:51:01 UTC

So many supposed bitcoiners advocating for #TARDFI such these BTC ETFs and other companies who are marketing themselves as Bitcoin Treasury companies! It's not only super disappointing but at times completely overwhelming! You look at X and you see how pervasive the attempts to frame the narrative that #tradfi = #bitcoin... Especially MSTR, the ETFs and now these bitcoin treasury companies. What a bunch of 💩! It blows my mind because only a few out of the hundreds of these companies even publicly post their L1 #bitcoin addresses like Bitwise, Metaplanet and maybe a few others!
And not to mention that while posting their L1 addresses is certainly better than not, this still in no way makes shares in these companies #bitcoin whatsoever. There's no way to confirm the amount of shares independently, no way (that I'm aware of) to take custody of the actual shares in these firms, and no way as an individual to redeem these shares for the supposed BTC they claim to hold, and these firms are storing their #bitcoin with the same #tradfi sponsored centralized exchanges who have an obligation to do their best to subvert btc to the dollar by using all the historically effective tactics available to them such as commingling and rehypothecating them. Not only all that, but then there's the whole counterparty risk aspect too!
To me Bitcoin is and always has been a revolution to surmount fiat and #tradfi, not to compliment it! And while I know I'm likely preaching to the choir here, but self custody #Bitcoin is the only option for people that are not only seeking their freedom, but the freedom of all from the fiat currency printers who have captured and now control all of our governments.
Ultimately there's self custody #bitcoin, and everything else is a form of fiat. Fortunately we can collectively change everything as long as enough understand how and why to DCA #bitcoin into self custody regardless of the fiat price. Chose wisely, chose freedom, choose self custody #btc and chose to be free!

2025-04-21 14:29:47 UTC

IMO 🇺🇸 will be forced to use the $ as an L2 for #Bitcoin by backing each dollar with a certain amount of Satoshis that are fully redeemable on demand. They won't want to, but must to avoid WW3. This will force the entire world onto a #btc standard and separate state & currency.

2025-04-11 12:05:25 UTC

As long as we ascribe any value to fiat currencies, they will dominate regardless of the $ price of #bitcoin as they will print ∞ units to rule the citizens of all nations. We must DCA #btc into self custody consistently to be truly free until there is no longer a fiat price!

2025-04-07 09:56:16 UTC

- reply

https://image.nostr.build/24c03a3ee54f536cb3bbde06b3ffbbffbaad34f1e01d8b73ca92b96ba62c8ed1.gif https://image.nostr.build/24c03a3ee54f536cb3bbde06b3ffbbffbaad34f1e01d8b73ca92b96ba62c8ed1.gif

2025-03-20 03:01:40 UTC

IMV if all fiat currency is infinite, and any of them can be traded for any other fiat currency any time, then while they may have different names (dollar, euro, pound etc) they're all the same thing -MODERN DIGITAL SLAVE BEADS! DCAing self custody #Bitcoin is our only hope of true freedom!

2025-03-18 03:41:03 UTC

@nprofile…jsen what do you think about my idea I just came up with?
# **NIP-21mm: Hash-Linked Messages and Lightweight Client Relays for Censorship Resistance**
**Date**: March 17, 2025
**Author**:Bitcoin_Fan_1@protonmail.com
**Status**: Draft
**Category**: Protocol Improvement
---
## **Abstract**
This proposal introduces a method to enhance censorship resistance in the Nostr protocol by implementing hash-linked message structures and lightweight client relay functionality. The goal is to ensure that users can verify the integrity and authenticity of their messages while minimizing reliance on external relays. This approach creates a cryptographically verifiable chain of messages for each user and allows users to act as the first relay for their own messages.
---
## **Motivation**
Currently, Nostr relies on relays to distribute user-signed messages across the network. However, there is no way for users to ensure that relays are not censoring or tampering with their messages. This lack of transparency undermines the protocol's censorship resistance.
The proposed solution addresses this issue by:
1. Structuring messages in a hash-linked format, enabling verifiable integrity across a user's entire message history.
2. Introducing lightweight relay functionality within client software, allowing users to act as the first relay for their own messages.
3. Providing mechanisms for other clients to verify message authenticity against the user's original relay.
---
## **Specification**
### **1. Message Structure**
Each message sent by a user will include additional fields to create a cryptographically verifiable chain of messages. The structure is as follows:
#### **First Message (Message 0)**
The first message sent by a user includes:
- The standard Nostr message data (e.g., `content`, `pubkey`, `created_at`, etc.).
- A SHA256 hash of:
- The message content.
- The Unix timestamp (`created_at`) in seconds when the message was created.
- A sequential message number (`msg_number`), starting at `0`.
- A digital signature of the above hash using the user's private key.
#### **Subsequent Messages**
Each subsequent message includes:
- The standard Nostr message data.
- A SHA256 hash of:
- The current message content.
- The Unix timestamp (`created_at`).
- The sequential message number (`msg_number`).
- The hash of the previous message in the sequence.
- A digital signature of the above hash using the user's private key.
This creates a hash-linked chain of messages, similar to a blockchain but specific to each user.
### **2. Lightweight Client Relay**
Each Nostr client will include optional lightweight relay functionality to act as the first point of transmission for its user's messages. This relay will:
- Store all messages sent by the user locally.
- Broadcast these messages to one or more external relays for wider distribution.
- Publicly display the hash of each transmitted message for verification purposes.
### **3. Verification by Receiving Clients**
Receiving clients can verify the authenticity and integrity of a user's messages by:
1. Querying the user's personal relay (if available) to retrieve the original message and its hash.
2. Comparing the retrieved hash with hashes stored on other relays.
3. Validating that each message's hash matches its signature and that the chain of hashes is intact.
---
## **Rationale**
The proposed changes enhance censorship resistance by:
1. Ensuring that any attempt to censor or tamper with messages is detectable through cryptographic verification.
2. Reducing reliance on external relays by allowing users to act as their own initial relay.
3. Preserving compatibility with existing Nostr infrastructure while introducing optional enhancements.
By linking messages in a cryptographically verifiable chain, users gain greater control over their data without requiring significant changes to existing protocols.
---
## **Backward Compatibility**
This proposal is backward-compatible with existing Nostr clients and relays, as it does not alter the core protocol's requirements. Clients and relays that do not implement these changes can still process standard Nostr messages but will not benefit from enhanced verification features.
---
## **Security Considerations**
1. **Hash Collision Resistance**: The use of SHA256 ensures that it is computationally infeasible to generate two different inputs with the same hash, preserving message integrity.
2. **Private Key Security**: As with existing Nostr functionality, users must safeguard their private keys to prevent unauthorized signing of messages.
3. **Relay Availability**: If a user's personal relay is offline, verification may be delayed until it becomes available again. External relays can serve as backups in such cases.
---
## **Implementation Plan**
1. Add support for hash-linked message structures in Nostr clients.
2. Develop lightweight relay functionality as an optional feature in client software.
3. Update receiving clients to verify hashes against personal relays when available.
---
## **Future Work**
1. Explore incentives for external relays to store and distribute verifiable hash-linked messages.
2. Investigate additional cryptographic techniques (e.g., Merkle trees) to optimize storage and verification processes.
---
## **Conclusion**
This proposal enhances Nostr's censorship resistance by introducing cryptographically verifiable message chains and empowering users with lightweight client relay functionality. By enabling transparent verification of message authenticity and integrity, it strengthens trust in the protocol while preserving its decentralized nature.

2025-03-18 03:30:52 UTC

- reply

I realized that the Bitcoin address I put in my first message had the last letter capitalized when it wasn't so if you would like to contribute feel free to do so at the below address instead:
1CHYQaR2exuBHZBd9236pC6SrGzz65LETk
#NOSTR
#NIP
#DecentralizedSocialMedia
#CensorshipResistance
#Blockchain
#bitcoin
#NostrProtocol

2025-03-18 03:25:34 UTC

Hello everyone, I've just completed this draft for a proposal to improve censorship resistance in this protocol. Take a look and let me know what you think and please share with whoever you think would be interested.
If this really does make eliminate censorship on nostr it will change the world completely. Feel free to contribute if you found value in this:
1CHYQaR2exuBHZBd9236pC6SrGzz65LETK
# **NIP-21mm: Hash-Linked Messages and Lightweight Client Relays for Censorship Resistance**
**Date**: March 17, 2025
**Author**:Bitcoin_Fan_1@protonmail.com
**Status**: Draft
**Category**: Protocol Improvement
---
## **Abstract**
This proposal introduces a method to enhance censorship resistance in the Nostr protocol by implementing hash-linked message structures and lightweight client relay functionality. The goal is to ensure that users can verify the integrity and authenticity of their messages while minimizing reliance on external relays. This approach creates a cryptographically verifiable chain of messages for each user and allows users to act as the first relay for their own messages.
---
## **Motivation**
Currently, Nostr relies on relays to distribute user-signed messages across the network. However, there is no way for users to ensure that relays are not censoring or tampering with their messages. This lack of transparency undermines the protocol's censorship resistance.
The proposed solution addresses this issue by:
1. Structuring messages in a hash-linked format, enabling verifiable integrity across a user's entire message history.
2. Introducing lightweight relay functionality within client software, allowing users to act as the first relay for their own messages.
3. Providing mechanisms for other clients to verify message authenticity against the user's original relay.
---
## **Specification**
### **1. Message Structure**
Each message sent by a user will include additional fields to create a cryptographically verifiable chain of messages. The structure is as follows:
#### **First Message (Message 0)**
The first message sent by a user includes:
- The standard Nostr message data (e.g., `content`, `pubkey`, `created_at`, etc.).
- A SHA256 hash of:
- The message content.
- The Unix timestamp (`created_at`) in seconds when the message was created.
- A sequential message number (`msg_number`), starting at `0`.
- A digital signature of the above hash using the user's private key.
#### **Subsequent Messages**
Each subsequent message includes:
- The standard Nostr message data.
- A SHA256 hash of:
- The current message content.
- The Unix timestamp (`created_at`).
- The sequential message number (`msg_number`).
- The hash of the previous message in the sequence.
- A digital signature of the above hash using the user's private key.
This creates a hash-linked chain of messages, similar to a blockchain but specific to each user.
### **2. Lightweight Client Relay**
Each Nostr client will include optional lightweight relay functionality to act as the first point of transmission for its user's messages. This relay will:
- Store all messages sent by the user locally.
- Broadcast these messages to one or more external relays for wider distribution.
- Publicly display the hash of each transmitted message for verification purposes.
### **3. Verification by Receiving Clients**
Receiving clients can verify the authenticity and integrity of a user's messages by:
1. Querying the user's personal relay (if available) to retrieve the original message and its hash.
2. Comparing the retrieved hash with hashes stored on other relays.
3. Validating that each message's hash matches its signature and that the chain of hashes is intact.
---
## **Rationale**
The proposed changes enhance censorship resistance by:
1. Ensuring that any attempt to censor or tamper with messages is detectable through cryptographic verification.
2. Reducing reliance on external relays by allowing users to act as their own initial relay.
3. Preserving compatibility with existing Nostr infrastructure while introducing optional enhancements.
By linking messages in a cryptographically verifiable chain, users gain greater control over their data without requiring significant changes to existing protocols.
---
## **Backward Compatibility**
This proposal is backward-compatible with existing Nostr clients and relays, as it does not alter the core protocol's requirements. Clients and relays that do not implement these changes can still process standard Nostr messages but will not benefit from enhanced verification features.
---
## **Security Considerations**
1. **Hash Collision Resistance**: The use of SHA256 ensures that it is computationally infeasible to generate two different inputs with the same hash, preserving message integrity.
2. **Private Key Security**: As with existing Nostr functionality, users must safeguard their private keys to prevent unauthorized signing of messages.
3. **Relay Availability**: If a user's personal relay is offline, verification may be delayed until it becomes available again. External relays can serve as backups in such cases.
---
## **Implementation Plan**
1. Add support for hash-linked message structures in Nostr clients.
2. Develop lightweight relay functionality as an optional feature in client software.
3. Update receiving clients to verify hashes against personal relays when available.
---
## **Future Work**
1. Explore incentives for external relays to store and distribute verifiable hash-linked messages.
2. Investigate additional cryptographic techniques (e.g., Merkle trees) to optimize storage and verification processes.
---
## **Conclusion**
This proposal enhances Nostr's censorship resistance by introducing cryptographically verifiable message chains and empowering users with lightweight client relay functionality. By enabling transparent verification of message authenticity and integrity, it strengthens trust in the protocol while preserving its decentralized nature.

2025-03-12 17:05:00 UTC

Trump is #bitcoin 's final boss. #bitcoin =freedom & Trump=fiat. It seems he wants to use #btc to enhance USD but IMV these systems are incompatible long term. Either #btc becomes a CBDC, or it sets us all free. My bet is on the latter and will DCA btc into self custody #nyknyb

2025-03-11 14:24:07 UTC

Not sure how many people need to read this, but with The USA being the $ printer of the world, they're literally worth infinite dollars as there's no cap on the amount they print. They can and do print more at any time without anyone's permission. The real question is how many #bitcoin can those dollars (and all other fiat currencies) buy before people realize that the measuring stick is now self custody #btc?
#nyknb
https://image.nostr.build/b12c8c041a40a08f4c03bcbcf9acbd1796552f304722882bd6b07a74106ad4fe.jpg

2025-03-10 19:15:27 UTC

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IMO it's because not enough people are DCAing bitcoin into self custody coupled with tradfi convincing Main St that their ETFs, stocks, and CEX #btc IOUs are the same thing as self custody #bitcoin.
IMO it's also possible and maybe even probable that the new administration is coordinating this price decline with his crypto Summit bros because "naTIonal Security" since their value proposition of their fiat system is directly challenged by a runaway #bitcoin fiat price.
The of and of course as you've mentioned the economy is 💩 so some HODLers may be sadly selling their #FreedomMoney to get by.
Regardless though I think that Bitcoin still wins as long as enough of us continue to push forward with the dollar cost averaging into self-custody approach as to ultimately separate State and currency! 💪

2025-03-10 19:05:40 UTC

The fiat price of #bitcoin will be whatever Trump and the banksters want it to be until enough understand how and why to DCA #bitcoin into self custody regardless of the fiat price of #bitcoin. Once they realize that trading fiat currency for #FreedomMoney isn't as much as a financial transaction as much as it is a freedom movement is when things are will really change and we'll have our bitcoin separation of state and currency.

2025-03-09 16:49:19 UTC

#Bitcoin can only give 🇺🇸 back to its citizens if we have the separation of state & currency. It doesn't matter how high the $ price of #btc goes if we still value our economic reality in $ they can print to ∞. IMO the way we achieve this is by enough DCA #BTC into self custody.
#SelfCustodialBitcoinOnly
#NYKNYB
#BitcoinOnly https://image.nostr.build/b12c8c041a40a08f4c03bcbcf9acbd1796552f304722882bd6b07a74106ad4fe.jpg

2025-03-09 15:29:59 UTC

- reply

Yes and enforced by their loyal servants (aka the government).

2025-03-09 04:24:56 UTC

- reply

I get that however people need to start asking some serious questions like: What does an Empire matter if it's not aligned with the freedoms and interests for the majority of the citizens of that country any longer? Who is it really working for if it's not for the majority of its own people of the country? What is value and how is it ascribed? Why should we allow for certain people to be able to print infinite fiat currency whenever they wish without permission from it's users and debasing it while it's forced upon them? Especially when there's a viable #bitcoin backed alternative possible! Aren't all men created equal after all?
Fortunately I believe Trump let the bitcoin Trojan horse in and as long as enough of us continue to DCA and self custody, we will separate state and currency again like we did on the gold standard but this time with the whole Don't trust, verify part being easily achieved with #bitcoin!

2025-03-09 04:08:09 UTC

IMO Trump wants to use #bitcoin to supercharger the dollar and not dethrone or replace fiat! I believe he it's likely that he feels that the world's reserve fiat currency control is the only weapon the 🇺🇸 has to dictate their will on the world's stage (and he may be right especially with nuclear proliferation and the rise of China and BRICS). Regardless however of whether he is right or not, the dollar and fiat currency system has completely destroyed any semblance of a government for and by the people as they no longer need to ask for the citizens permission (aka investment) for the government to go to war or other atrocious Investments to create a fiat ficticious GDP. They have, IMO been completely captured by the money printers!
It's now imperative that we all push the self custody dollar cost averaging approach regardless of the dollar price and directly into self custody. Doing this basic act with an ever growing group who understands that our true freedom is on the line, will ultimately break the fiat currency' grip on the dollar price of #Bitcoin and allow its true supply and demand profile to trade accordingly. Once this succeeds I believe we the citizens of the 🇺🇸 and the world, can separate all states from currency and restore our rightful powers over the destiny of our nations as empowered and free citizens! If we fail however to do this then the bitcoiners of today will simply become the new fiat elite and will likely never have a government for and by the people again.

2025-03-09 03:51:37 UTC

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Bro, why would you believe that they're doing so without them sharing their L1 #bitcoin addresses to confirm their holdings? IMO any company, firm or government who claims to be buying #btc should be obligated to do so. Otherwise they should be presumed to hold at best paper #btc and worse nothing at all and be working to either enrich their fiat selves, or are working for the fiat system they serve to deflect true investment away from the only real Bitcoin there is, self custody.

2025-03-08 15:44:45 UTC

#Bitcoin price parity with its 2021 inflation adjusted all time high after the ETFs, corporate adoptions like $MSTR Metaplanet,the US Strategic Bitcoin Reserve, and rumors of China and other nations considering their own Reserves highlights the undeniable reality:
The fiat system is in complete control of the dollar price of #BTC! IMO it's more important now than ever that we continue to dollar cost average #bitcoin into self custody relentlessly if we are to change that and have separation of state & currency.

2025-03-04 22:01:51 UTC

El Salvador is a shining example of how to do a SBR! They publicly post their L1 #bitcoin activity here:
https://bitcoin.gob.sv/
For those like myself who rather check your own nodes, here's the command:
scantxoutset "start" "[\"addr(32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo)\"]"

2025-03-03 19:50:11 UTC

PSA: Today the supply & demand of #Bitcoin isn't what determines it's $ price! The only reason this is true is because they're manipulating the #btc with the full weight of the $ system. We must separate State & currency by continuing to DCA #BTC in self custody until they can't.

2025-02-28 19:39:11 UTC

All firms/govts claiming to own #btc should prove it to their investors & citizens where they disclose their L1 #Bitcoin addresses. While not perfect, this aligns much closer to the Bitcoin ethos of don't trust verify. IMO those who don't should be presumed bad #btc actors.

2025-02-27 19:32:04 UTC

Whenever the fiat price declines it hastens the #Bitcoin enabled separation of state and currency and therefore gets us closer to a government that's back to being subversive and accountable to its citizens. Those who understand that acquire sats faster during these times with the knowledge of that doing so into self custody get us that much closer to the goal of returning the true power to the people and therefore restoring their core freedoms.

2025-02-25 12:54:02 UTC

When the money's broken, Supply & demand isn't a what determines the fiat price of #btc. IMO #tradfi, #WallStreet, and the most powerful banksters are doing their very best to make us believe that Bitcoin cannot succeed in breaking free from being subversive to the dollar.
However those of us that understand what's at stake and believe in bitcoin's goal and understand it's basic attributes, also understand it's true potential and it's ultimate goal.
We know that while although we're still in a dollar denominated world with it's price signals being intentionally distorted, that with enough of us committed to a dollar cost averaging strategy in self custody that #btc can and will be what fixes money and allows us a return to a government for the people again when we successfully separate state and currency.

2025-02-22 00:52:22 UTC

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Guess nobody told him Vitalik will just fork whomever he wants off. They probably should study the ETC /ETH DAO hack/Fork. IMO this approach of theirs would only be viable if they got #BITCOIN

2025-02-15 19:47:46 UTC

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Ahh the good ol days!

2025-02-15 19:44:01 UTC

As most here already know, it's sometimes worth repeating:
There's only one stable coin and it's called #bitcoin! 1 #BTC = 1 #BTC
More specifically, self custody #bitcoin is the only stable coin. Everything else is fiat and it's value is systematically being debased or it's an outright scam.

2025-02-08 20:25:02 UTC

Do you want to allow #banksters, #tradfi & #WallStreet to set the $ price of #bitcoin -eliminating our opportunity to separate State & currency? Well, guess what? The only way to prevent it is by DCA buying #btc in self custody regardless of $ price. Once enough do, we win & not a second or sat before!

2025-01-27 18:07:23 UTC

- reply

I'm on it! 🤞

2025-01-21 14:18:41 UTC

People are starting to understand that #tradfi & #WallStreet are subversive to the government which is owned and operated by the #banksters who have a clear conflict of interest with the uncontrolled rise of the https://image.nostr.build/e4b8be436ed5131948e0b8ff790bef792da93df484cbc28601bb02c7a7119929.jpg fiat price of #btc. Until they post the L1 #bitcoin addresses it's 💩. #ProofOfSats or it's crap 💩.
#nyknb

2025-01-17 18:43:59 UTC

#Bitcoin ≠ 🇺🇸, #bitcoin = 🌍 This is our a worldwide peaceful revolution away from the fiat system and the banksters that enslave nearly every human on the planet! Don't let your beliefs into what your nation was founded on cloud out the reality that the only reason this asset can effectuate a peaceful separation of state and currency and a revolution from the #banksters, #tradfi and #WallStreet, is because of its key properties of being decentralized, finite, auditable, confiscation resistance, immutable, and CENSORSHIP RESISTANT!
Mining centralization such as this shows how badly work needs to be done to increase #BTC s censorship resistant properties otherwise we can potentially end up with a permission based #BTC that transform into GOV coin or CBDC.
https://image.nostr.build/8c3c35867a1b1e74375971f5a404e43eb9f7dafd283695f6ad4a7c50f8e2660c.jpg

2025-01-17 15:46:05 UTC

Anyone using the word crypto when referring to #Bitcoin should just stop already. It's bad enough that we have an incoming president trying to conflate the two. Let's not pretend that they are the same. One stands for Freedom or one stands for fiat.
#SelfCustodialBitcoinOnly
#ChangeTheUOA

2025-01-17 15:17:44 UTC

IMO $MARA is a bad actor in the #Bitcoin space. The only good they are doing here is highlighting the fact that miners are way too centralized. Hopefully these events show folks the importance of being able to craft their own block templates & convert from hashers to miners! https://image.nostr.build/8c3c35867a1b1e74375971f5a404e43eb9f7dafd283695f6ad4a7c50f8e2660c.jpg

2025-01-17 15:14:24 UTC

As long as #bitcoin is priced in fiat currency, it will be perpetually mispriced.
∞$/21 MM ₿ ≠ $

2025-01-17 15:13:43 UTC

If fiat coexists beyond a transitional period into a #bitcoin standard, then people will value their lives, skills, and wares in #centfi /fiat and will effectively allow #banksters to print #btc as there will be people willing to sell them sats at a certain $ price
#ChangeTheUOA
And while I believe a SBR is a good Trojan horse for the separation of state & currency, IMO this is a winner takes all issue. This is our best shot to change #centfi into #bitcoin fi ! Soon the fiat system will create Ai bots that'll create the 🌍s wealth & no longer so by the people.
#bitfi

2024-12-23 16:45:15 UTC

#Bitcoin ers who trust ETFs or other companies that claim they have #btc have completely lost the plot.

2024-04-26 18:44:31 UTC

Hello fellow Bitcoiners,
I want to wish you all a happy and sovereign 5th #bitcoin epoch! It's in that spirit that I've put a bitcoin self custody guide together that I believe if understood thoroughly can help provide you sovereignty over your #Bitcoin. This guide took a while to create but I feel it's essential to spread the word in an attempt to get as many keys into as many #bitcoiners hands as possible as soon as possible as I believe this will help spawn a more free and just world for all!
With that said, if after you read and agree with the obligatory disclaimer below, please feel free to download a copy and see what you all think!
#nyknyb #ThisTimeItsDifferent #FreedomMoney #RunYourOwnNode #SelfCustodialBitcoinOnly
Disclaimer:
Please note that the use of the guide may not be legal in all jurisdictions. It is your responsibility to understand and comply with the laws and regulations related to bitcoin self custody in your jurisdiction. I cannot be held responsible or liable for any legal consequences or liability incurred as a result of using this guide in jurisdictions where self custody practices are prohibited of restricted.
Furthermore, I'm providing the self custody guide for educational purposes only. By using this guide, you acknowledge and agree that I cannot be held responsible or liable for any loss, damage, or liability incured as a result of following the guide. It is your sole responsibility to ensure the security and protection of your Bitcoin funds. I recommend that you thoroughly research and understand Bitcoin self custody practices before implementing them. By using this guide, you accept all risks and release me from any liability associated with the loss of any Bitcoin funds.
https://drive.proton.me/urls/Y5WVMS1140#5LsrTODf3ebX

2024-04-23 17:31:06 UTC

What makes #bitcoin #FreedomMoney? To me it's about maintaining these key attributes:
Decentralization
Auditable
21 MM cap
Permissionless
Censorship & confiscation resistant
Immutability
All of are only possible by us running the node version we see upholding these values.
If we ever get to the point where we are unable to vote for the version of the nodes that we run to establish what Bitcoin is then Bitcoin will have failed as a decentralized project and will have been captured by the traditional Finance institutions and this movement will have been killed.
As I type this message it appears as though the mining pools are colluding to attack the decentralized mempool by accepting out of band fiat currency transactions which are completely invisible and absolutely go against the above key features in a variety of ways. It also seems that they have co-opted the narrative not only on the internet but at a local Grassroots level and various meetups which have been sponsored by traditional Finance firms and quietly steering the narrative to suggest that the ETFs, ordinals, inscriptions, and other attacks are actually a benefit to bitcoin and using their sheer numbers to drown out advocates who ascribe to Bitcoins decentralized, permissionless, monetary use case as it's essential feature.
At this point I think it's important for us all to look into the possibility of running pre-tap root Bitcoin nodes to try to filter out all of these attacks and to also call out any of these mining pools who are adding unexpected transactions to the blocks and or accepting fiat currency bribes out of band attacking the 21 million Bitcoin cap as they trade dollars for virtual bytes versus sats for virtual bytes.
The only way Bitcoin will succeed in its mission of separating state from currency is if we can get the key principles of what makes Bitcoin our freedom money conveyed to enough plebs and to try to clear up the confusion that the traditional Finance system is intentionally spreading throughout the community. And while I don't have all the answers, here's a few ideas that we can do to push back:
-Hashers should punish pools that include TXs outside of the shared mempool & any miner taking OOB fees.
-Run nodes you view as the true #bitcoin (pre taproot at least IMO)
-Advocate for custom mining templates for pools/hashers.
-Get active in your community and go to your meetups and be the vocal minority to push these core freedom principles and pushing back against the subversive traditional Finance folks who are trying to steer the narrative!
-Spread the word.
I truly believe that together we can and will achieve the goal of creating a sound money that is independent of the traditional Finance markets and will be separate from State. Let's get it!

2024-03-13 11:18:16 UTC

Why on earth would we sell our precious #bitcoin for 100k when #WallStreet must buy #bitcoin regardless of the USD price? IMO 100k is a psyop & is being repeatedly touted on #btc X to get OGs primed to transfer their keys to these $ gatekeepers. Don't fall for it! Lets separate state & currency like the good Satoshi intended! ✌️

2024-03-04 04:51:36 UTC

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Veblen goods gonna veblen..

2024-01-12 17:54:25 UTC

Then They (REALLY) Fight You!
From my perspective, Bitcoin is currently undergoing a multitude of attacks let's break them down one by one.
Political / Legal. The current political attacks being lead by senator Elizabeth Warren and cronies was initiated after being directed by Jamie Dimon (who has since been appointed as the AP or Authorized Participant for the largest BTC ETF). These attackers seem to be doing their very best to legally separate plebs from their sats while aligning Wall Street to become the custodians of our freedom money.
Technical / Social. The L1 Bitcoin network is currently being spammed by Ordinals and Inscriptions which is prematurely increasing the L1 transaction fees. This is pricing out many lower net worth folks from participating in L1 self custody. This attack seems to have a large amount of buy in from NFT pushers and alt coiners as well as a good chunk of the miners as most of the larger miners are being short sighted and looking to maximize profits in dollars as much and as quickly as possible. This has lead to a huge battle within the Bitcoin community and it currently remains to be seen how this will play out.
Wall Street Attacks. By now everyone knows that Wall Street is here as they have had their ETFs green light. If the first two days of trading are any guide of what's to come, then I'm afraid to say its starting to appear they're going to buy OTC and dump spot market in an effort to control the dollar price of Bitcoin. Just look at what Coinbase has said with respect to their reported $7,000,000,000 USD of OTC traded the first day ETFs did. None of course can be independently verified by any of us plebs. These ETF / Wall Street folks are asking us to invert the ethos of "Don't trust, verify." into "Trust us bro." In my view Wall Street would gladly take a substantial loss on these Bitcoin products so long by doing so they believe that it would greatly harm or destroy bitcoin in the process as Bitcoin is the largest threat to their way of life.
https://media.tenor.com/6-k-u-CZXxAAAAAM/bitcoin-btc.gif
Great so what now? Any good news or anything we can do about it? Absolutely and glad you asked!
From my perspective the best part of all of this is that Bitcoin is still alive and is getting more publicity than any amount of money could have bought it! That being said I believe that all of this noise will get people to understand what Bitcoin is, why it's important, and eventually will understand that the only way to get it to succeed and create a more just and equitable world for all will be to hold Bitcoin in self custody. IMO they will realize that to do this in the most effective way that they will need to minimize their spheres of trust and will learn about how to create their own entropy with simple analog methods offline (such as flipping coins 256 times) and creating their own BIP 39 seeds. They'll also learn how to run their own nodes for verification and to transmit and receive their own bitcoin transactions. These actions will allow for the dollar price of Bitcoin to break free from their manipulation efforts and will eventually get us to a better bitcoin centric world that will break the monopoly of value creation and distribution from centralized control.

2024-01-11 16:36:06 UTC

As of today it's official, until the day comes when enough folks learn why and how to take self custody of their #bitcoin    into addresses they roll their own completely offline and validate own TXNS w/ their own nodes, the fiat price of #bitcoin    will be a #WallStreet play thing.
🍿https://media.tenor.com/3FGhuDx2UpUAAAAM/stock-market-stock-market-crash.gif

2024-01-09 21:06:55 UTC

With the invention of #bitcoin Satoshi created a doorway to exit the fiat system. It's now up to us whether we have the will, and ability to use the (private) keys to unlock it.
Don't paper /ETF /IOU with #btc folks. Use your own keys to set you free!
#SelfCustodialBitcoinOnly
#nyknyb
https://media.tenor.com/JHcYKt4AXEIAAAAM/doorway-anotherplace.gif

2024-01-05 17:19:50 UTC

It's puzzling why the #Bitcoin core team doesn't simply have toggle switches or option values for the config file that allows you to enable or disable the various controversial features that they add to core such as taproot, segwit, etc. That way folks can always upgrade their nodes to stay current with any bug fixes 🤔

2024-01-02 17:58:38 UTC

OK so if my understanding is correct then theses potentially upcoming spot #bitcoin ETFs are BINO (Bitcoin In Name Only) as they are fiat in and fiat out only without the option of #btc redemption. The only positive aspect from them I can see is that they will get people curios to learn about what #btc is which will likely spur more self custody.

2023-12-22 21:22:58 UTC

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Right so then ETFs will be a receipt from the #tradfi ETF firm (ie Blackrock) for an IOU from Coinbase? 😂 Nah. I'll keep stacking in self custody and run my nodes instead. It's not don't trust, verify. Remember anon? #SelfCustodialBitcoinOnly
#nyknyb
#NoCounterpartyRisk

2023-12-22 20:38:53 UTC

PSA fellow #bitcoiners! If you're also against inscriptions in the #Bitcoin mempool, just run an older version of Bitcoin core. For me v 20.x seems to be filtering out all of the #insciptions from the mempool.
https://media.tenor.com/yn73WNPpCa4AAAAM/the-more-you-know.gif

2023-12-18 16:59:51 UTC

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I should clarify that it was only some of it. It doesn't seem to be taking it all down unfortunately smh 🤦‍♂️

2023-12-18 16:19:50 UTC

It's fascinating seeing how many fiat maxis there are who were LARPing as #bitcoin ers. It's clear that these #ordinals and #insciptions are attacks not only on L1 throughput & lower $ self custody, but also the economics of #btc that L1 is paid on chain w/ ₿ not off chain on $

2023-12-13 22:39:48 UTC

PSA for all the anti spam #nostr #bitcoin node runners!
Setting the permitbaremultisig=0 option in your #bitcoin node config file seems to be effective in ellimating the ongoing spam attacks from my node's mempool. Check it out and pass it along. ✌️
https://media.tenor.com/kRKsQcSUmIYAAAAM/no-spam-spam-go-away.gif

2023-12-09 05:14:59 UTC

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Right but happens when the spammers are funded by the competition (aka the money printers)? IMO L1 should be kept as low fee as possible for as long as possible to maximize the amount of folks who can participate in the self custody revolution. This gives #bitcoin the best possible chance of breaking the #tradfi strangle hold of the fiat price of #btc and simultaneously the best chance for us to break the state and currency link.
Meanwhile the mempool now sits around 1.5 GIGS! This spam has the potential to not only keep lower USD networthers barred from participating in the self custody revolution because their UTXOs are economically paralyzed by high L1 fees, but it also has the potential to make the protocol less decentralized by increasing the hardware requirements for running nodes if it keeps growing. Anyway just my 2 sats. 🫡

2023-12-05 16:10:53 UTC

Stock markets 👇 interest rates,and #bitcoin    👆 + #TradFi tripping over themselves to get into our #FreedomMoney as well as nation states engaging and next halfining taking #bitcoin below the stock to flow ratio of gold? Yeah, this time is absolutely different and there will be no narrative left to fall back on relating to bitcoin depreciating in value against the $ after this cycle solidifies. Stack them in self custody while you can folks! ✌️

2023-11-30 02:30:29 UTC

If you didn't know any better then with the #ordinals & #insciptions attacks, #tradfi attempting to capture #bitcoin spot markets via ETFs, the 🇺🇸 using the Patriot Act requiring CEXs to report when you mix UTXOs, the largest crypto Exchange being pursued by the US, you might think we're at the then they fight you stage. That's OK because we all know whats next!

2023-11-20 16:44:09 UTC

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Those countries with seigniorage rights better hurry up and use their soon to be irrelevant political currency units to buy the hardest asset the world has ever known, #bitcoin and place them into Cold Storage. Just my two sats. #nyknyb #SelfCustodialBitcoinOnly
#nevent1q…fc0n

2023-11-20 16:31:39 UTC

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If there's a market then let it be done. If not then the currency is already worthless but obviously that's not the case as you can still trade 🇦🇷 peso for USD and then USD to #BTC so then at this point they (the Argentine people) still can use their political currency to buy the hardest asset that humanity has ever known, #bitcoin

2023-11-20 16:14:09 UTC

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In my opinion anyone who is willing to sell #Bitcoin for Fiat deserves exactly what they get. That being the case, why not let them print and let the fools who will part with their freedom money (#bitcoin) learn the hard way.
This action action alone could spur other nations with seigniorage rights to do the same and would help ignite #Hyperbitcoinization and end the fiat standard pushing towards the ultimate goal of the separation of (all) states from currency. Or at least minimizing it to the extent where their political currency units are fully redeemable for a fixed amount of Bitcoin and thus minimizing their ability to print unchecked which is the likely end game. Just my 2 sats.

2023-11-20 15:56:43 UTC

Unpopular Opinion: Javier Milei should not give up their money printer but should use it to print (aka buy) #bitcoin straight into a multisig cold storage addresses for the people of 🇦🇷. IMO ditching the 🇦🇷 money 🖨 for the USD 🖨 eliminates your national sovereignty.

2023-11-20 03:29:32 UTC

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Perhaps the best option he could do is print as much of their currency as feasible to buy as much self custody #bitcoin as they can. This could actually inspire other nations to do the same and kick off #Hyperbitcoinization ! 🇦🇷 could actually be the first domino (well one with their own money printer) to fall and bring #bitcoin to become the new store of value standard for the rest of the world. 🍿

2023-10-18 00:51:00 UTC

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Another NOSTR commercial from Elon. SMH

2023-10-15 17:31:01 UTC

If the price of #bitcoin is determined by the gyrations of the $ w/ no way to change this then #btc    has failed as it's not independent of #tradfi . Personally I don't believe this & feel as though once enough hold it in their own wallets that the price will escape tradfi tactics.
https://image.nostr.build/60430cc279f26bd3535574f28688572bdda6776ca907b2b71eb6af98c2a15a5a.jpg

2023-09-03 21:19:01 UTC

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Thanks for the reply however it seems to me that the number 1 goal for #tradfi is to keep fiat currency as relavant as possible as long as possible and that only happens when the fiat price of #bitcoin is being suppressed as to not create worldwide fomo into #btc. Haven't you ever wondered how they can express #bitcoin that's truly finite with something infinite.. Especially when the amount of infinite units (dollars) to represent has some of the most positive developments in it's history with growing adoption are going down since November 2021? As I always say:
∞$/21 MM ₿ ≠ $

2023-09-03 21:03:02 UTC

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I'm not trying to say they (drivechains) themselves are instrumental but IMO they're just a way to keep the #Bitcoin miners more profitable while they continue to suppress the fiat price of #bitcoin as the same miners will be able to collect fiat from these coins they mine even when the fiat price of #btc is low.

2023-09-03 20:58:52 UTC

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How does it not affect their invectives if it enables them to be able to extract additional fiat currency beyond what they could by the liquidation of the standard block reward they get today? The largest miners are already part of #tradfi and are publicly traded and they are all likely playing the Wall Street game of maximizing short term profits (mostly in fiat). If drivechains goes through and the 💩 coins start flowing then why would they even care if bitcoin's fiat price was lower since they'd be able to generate fiat from these drive chains? Once you throw in traditional finances seemingly hostile investments in said miners then you can start to see how this could become a slippery slope for keeping the fiat price of #btc suppressed even longer.. at least I do.

2023-09-03 20:35:46 UTC

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I completely disagree with you and think you are biased. But good luck with your alt coin fork.. If it ever materializes ✌️

2023-09-03 20:34:54 UTC

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Yeah but that's nothing to do with the code so.. Kind of another thingy.

2023-09-03 16:35:29 UTC

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Look, I don't have to show you shit and you can fuck off if you don't want to engage. Outside of that the point that you clearly don't want to acknowledge is that #drivechains on #bitcoin change the financial incentives for the miners and that matters for the reasons I said in my original post!
If you disagree I really don't care and you can go fork off somewhere because I don't see this happening bro. Also I'd genuinely appreciate it if you went somewhere else to fuck off with your manipulative babble bullshit trying to get around the seriousness with this bip affecting the miners incentives 🖕

2023-09-03 05:12:15 UTC

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Thank you for the clarification however regardless of whether or not they're technically on the main chain or not, the point still stands if it would enable modification of the #Bitcoin miners incentive structure away from them purely producing #bitcoin for their profit targets.

2023-09-03 01:26:27 UTC

Some of my thoughts on the recent DRIVECHAIN topic..
What do you think the odds are that all these recent efforts to push additional assets into the L1 #Bitcoin chain such as taro, ordinals, inscriptions, and now #drivechains could just be attempts by the #tradfi regime to break the #Bitcoin miners economic Game Theory relating to the block reward and turn layer 1 bitcoin into a fiat printer? To me this seems probable as they likely need to figure out a way to sustain their mining operation investments without dumping piles of external cash into them should the block reward fall below the cost of production of the #Bitcoin reward in fiat terms (as we're still stuck in a fiat world) since most of these folks do not possess money printers directly. So rather than letting their miners go broke trying to keep the fiat price down and fund the operations by selling the Bitcoin for fiat, they can just create a bunch of BS tokens and junk in the blockchain that they can trade for fiat currency instead.
This would allow #tradfi more time to strategically position themselves and infiltrate key #bitcoin industry players (and influencers) before #Hyperbitcoinization and would also allow them to wait out some of the hodlers who will not be willing to take their Bitcoins to their graves in hopes that they would sell them back to them so they can control a Fiat price even longer.
Since I truly believe that they can't incentivize a lot of us hardcore Bitcoin mindset folks to sell for their Fiat currency, the thought by #tradfi is apparently that they will instead attempt to control a lot of the infrastructure for the future Hyperbitcoinization world or a world that they think they may have a chance at influencing the protocol development in some roundabout way to their benefit ( which I don't see plausible as I think we will see right through it all).
So far here's some main red flags I see from a self sovereignty #bitcoin maximalist perspective who's goal is to push self custody #bitcoin and has hopes for the separation of (all) states from currency:
- The largest #tradfi players snapping investments in the top big players in the #bitcoin mining space (Blackrock, Fidelity, etc.)
- The same #tradfi players + are all tripping over each other begging the SEC to green light spot ETFs as to be able to create even more paper Bitcoin. - This simultaneously attempts to get Main St to normalize counterparty risk in Bitcoin via #tradfi by investing and accepting their ETFs in lieu of Self custody BTC.
IMO these activities are all part of their goal of attempting to keep the bitcoin price in USD suppressed as long as possible and to do that they need to break the bitcoin economic game theory incentives built into bitcoin where miners are only rewarded with 21MM #btc and TX fees and make fiat other ways with their miners such as by adding #ordinals, #insciptions and are now seemingly trying to push for drivechains to get 💩 tokens in L1.
By breaking the #btc miners economic game theory with just the block reward (but now with ordinals, inscriptions, and if they have their way soon too be DRIVECHAIN bs tokens) they're hoping the price in fiat can be suppressed even longer while allowing them the ability to generate enough fiat currency stuff contained to fund their operations and more time to control even more of the miners and simultaneously hoping to wait out as many HODLers as possible in the hopes that eventually some will sell their #bitcoin and thus they can scoop it up for a relatively cheap amount of fiat which would allow them to control the fiat value of the #btc longer and in turn which would keep the fiat machine alive longer and hence the monopoly of currency in the governments hands.
Fortunately we can reject their plans of attacking the bitcoin miners economic incentive mechanism by not voting for their version of #bitcoin and running our own nodes. That said however I would not sell any of their forks that may happen as they'll likely scoop those up too and actually may drive the public perception that their chain is the true #btc as they drive it's fiat price up as to keep mainstream away from the ideals of the original #bitcoin ( decentralized, irreversible, confiscation resistant, separating money from state, no counterparty risk etc).
However the next few years play out it's going to be a very bumpy road and I am not selling any of my forks no matter how much Fiat they offer and will certainly never vote for anything that deviates from the original economic incentives that the miners have with the block reward.
✌️
https://cdn.nostr.build/i/abb749c5e9b0509be29d3678ede180b3be7be315260afbc94fa500b7bcd41691.jpg

2023-08-29 23:15:43 UTC

It seems so simple, doesn't it? I mean if supply and demand equals value and everybody did the same and actually took self-custody of their #bitcoin, then that should theoretically immediately take the price of #bitcoin in fiat currency to infinity which would completely separate state from currency! It truly puzzles me why enough people don't see this and why are so many people so afraid to recommend it from those who do.
I mean if we're trying to express the value in a fiat currency that is infinite with a truly fine asset ( #btc), then we should see a much higher Fiat price everything else being equal as there are lots of #bitcoin freedom advocates like myself who will only sell what's absolutely necessary to avoid catastrophe until it becomes the newglobal UOA!
Unfortunately the #tradfi team has figured out ways to apply traditional fiat game trickery to manipulate this fiat value such as fake volume and sales, rehypothecation, co-mingling, cash settled futures, and (imo) flat out paper Bitcoin on the centralized exchanges that people don't question and simply believe exists that very likely does not by a significant margin!
From my perspective, the only way this can't be traditional Finance manipulation via some combination of the above, is if they have somehow figured out a way to exploit the protocol - which I guess is technically a possibility that I can't personally identify due to all the different soft forks etc which have happened over the years of bitcoin. Regardless I hope that enough people can understand that the minimizing layer one changes to be as simple as possible is essential for being able to independently self-custody and to validate the base layer transactions and supply.
This is our only feasible opportunity to separate state from currency and, as I see it, shouldn't be about the short term fiat currency price but rather the freedom associated with separation of state and currency this bitcoin opportunity seemingly offers us by simply taking custody! The real purchasing power for #bitcoin will come when the fiat price can no longer be manipulated by the traditional Finance folks and we all #ChangeTheUOA and decide to only accept #SelfCustodialBitcoinOnly that we validate with our own nodes into P2PKH addresses that we roll ourselves completely offline ✌️
https://cdn.nostr.build/i/8ce70c57d187f005a59eed432b4ebf1709de38805070bfdc7614367bba06f676.jpg

2023-08-20 14:29:23 UTC

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Let's hope it's this simple and not something more Sinister such as #tradfi somehow figuring out how to manipulate the protocol or finding a bug that allows for infinite sat creation and them keeping it quiet. I mean I can't imagine that's the case however it's even harder for me to imagine that enough people at this point wouldn't be feed up enough with fiat world to be doing exactly what I first posted about considering everything that's been happening in the world as of late.

2023-08-20 14:17:02 UTC

Why is it that the vast majority continue to price things in the dollars and other fiat currencies in which there's an unlimited amount of when we can now do so with #bitcoin that can't be debased, censored, counterfeited or confiscated and not politicized? I mean I understand that layer 2 is still being developed etc but at least when referencing things amongst ourselves even.
The other mind blowing question to me is why is it so difficult for people to understand the basic concepts of supply and demand, self custody, and counterparty risk? I mean there's enough historical examples of #tradfi trickery like commingling and rehypothecation and of course what happened in 1971 that should be enough for everyone to want to #ChangeTheUOA to #bitcoin self custody their own sats, and run their own nodes so that we're all #SelfCustodialBitcoinOnly and we finally break fiat / centralized currency grip on us all.
https://cdn.nostr.build/i/45f44728bb4085cdf953fcf0662dc7b727ad075f62a52e968247b50a022ca58b.gif

2023-07-21 14:39:48 UTC

Random #bitcoin ponderings of the day:
That day that threshold of the masses finally wake up and realize that fiat is utterly worthless, everything goes to infinity vs any fiat currency. The question really comes down to why does #bitcoin makes sense to step in to fill that void as SoV, MoE, and ultimately UoA (in that order). To me it's because #bitcoin is IMO absolutely superior to fiat (or government backed currencies of any kind) due to its follow properties:
- Being as decentralized as possible.
- Removing the politics out of currency and the ability to weaponize said currency.
- Impossible to debase.
- Fully auditable for anyone with a computer and internet connection who runs their own node.
- Censorship and confiscation resistant (especially if you roll your own entropy /BIP 39 seed offline and use your own node only sending PSBTs)
- Impervious to Counterfeiting.
- Can be stored in one's 🧠
- Is allowed to exist and thrive in the USA which has the current world reserve currency (just think about that).
- Plebs beat #tradfi in terms of acquiring the bulk of the asset and a large amount of them (IMO) are idealogicaly opposed to trading back to fiat currency (except as absolutely necessary) as they see it for what it is really about - the separation of state (all nations) from their monopoly on currency.
https://cdn.nostr.build/i/9aebd8e0d77fc3f4347f8aaaedc5e16d400cdf3be96686acb18bc62e4e691a45.jpg

2023-07-19 21:14:19 UTC

So let's get this straight:
-The largest asset manager on earth (et al) have feverishly pulled a complete 180 on bitcoin and are desperately attempting to get a spot #bitcoin ETF approved by the SEC.
–A leading presidental candidate has publicly stated that if elected he will eliminate taxes on #btc and start backing the USD with BTC.
All this and #bitcoin is still sitting >50% below it's 2021 USD peak. Still think #tradfi doesn't control the fiat price of #bitcoin anon?
The only way to stop this insanity is to DCA #BTC and hold your keys offline with addresses you created yourself offline via true entropy you created such as by rolling dice or flipping coins and only sending #bitcoin through your own nodes with PSBTs. Get educated, get committed, and get free. ✌️
https://nostr.build/i/03297ddbaf32d39ad8a76dc03e6691296d962c76d2280986f265818595540f7e.jpg

2023-07-19 00:59:19 UTC

Fiat currency is a weapon of mass corruption! Fortunately #bitcoin can in fact fix this too. ✌️
https://nostr.build/i/6f7a6863387c38d778dddde94dc96fc2d93f3a01156a8086332cbff7e60ac081.jpg

2023-07-13 22:57:57 UTC

I think it's time to rehash some of the reasons that IMO spending #Bitcoin doesn't make sense to me at this particular moment in history:
1) The Tax Code:
In US at least it's absolutely bananas when attempting to figure out the cost basis of #bitcoin whether it's short or long-term capital gains, and then the purchase price of the product. Anyone who actually attempts to use this as their daily currency would be overburdened here IMO.
2) The Infrastructure isn't ready:
While there has been great progress with lightning Network and other second layer solutions, most of the easy to onboard second levels are centralized and have yet to develop the Slick interfaces necessary for Mass adoption.
3) Why separate yourself from the hardest asset in human history (#bitcoin   ) when enough people are still willing to sell you real world goods when you use your slave Beads (fiat currency)?
IMO this window is closing & at any time it could shut forever. Don't risk your #BTC    stack.
4) The $ price of #Bitcoin    is still highly suppressed by #tradfi.
IMO this suppression will unravel as more people DCA and hold #sats in wallets that they create themselves which will in turn drive the $ price and also in tandem further development of 2nd level scaling for #btc  
In summary, IMO as more dollar cost averaging plebshold their #btc    in self custody it will not only drive the Fiat price of bitcoin, but also the second and third layer scaling Solutions in a more easy to adopt method that will allow for the true separation of state from currency 
https://nostr.build/i/d1642e92e8de8eadb5aa28af54d2fe606fc06c658ad3e0f8a6d80ad6a14fa837.jpg

2023-07-01 17:27:28 UTC

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Then they fight you...

2023-07-01 17:14:20 UTC

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What a sad thing to watch (for him). He's
watching the end of the fiat empire which he's ascended to the very top of crumble before his eyes and he's completely powerless to do anything to stop it other than dragging his feet as hard as possible. He's going kicking and screaming, but he's still going.
#bitcoin fixes this.

2023-06-14 23:05:29 UTC

Absolute fiat corrupts absolutely.
Opt out with #bitcoin before it's too late.
https://nostr.build/i/d618595f6795b15b7811d90156b3197139e56bac83a6e72478179e820db3cb0d.jpg

2023-05-09 15:01:12 UTC

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While it may be technically fine, it's operationally not for many people in poorer parts of the world as the fees exceed their UTXOs and / or budgets. This absolutely matters! IMO the #ordinals and #insciptions attacks are closing the window on the self custody revolution too quickly for too many and we should do our best to keep that window as open as possible for as long as possible as to make the #Bitcoin revolution as widely distributed as possible.

2023-05-08 17:05:45 UTC

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Thank you for your reply and tip! In the end it's not relevant whether or not this was intentional or not but rather about understanding the current State of Affairs and how we need to think about this collectively as a community so we can formulate the appropriate response as soon as possible.
I agree with you regarding your opinion on the eventual block size increase however I believe that we're aways from that being a necessity in the near future. However as the cost of the hardware to store the larger blocks comes down along with the price for moving data around the world, coupled with an increase in usage of the layer 1 for Bitcoin transactions increases, it's likely that eventually so too the block size will increase.
They key is to keep things as decentralized as possible for as long as possible and in order to achieve that in my opinion we must get the private keys in as many hands as possible as soon as possible.

2023-05-08 16:35:07 UTC

To those who advocate for the ongoing Layer 1 #bitcoin attacks known as #ordinals and #insciptions here are my thoughts this far:
For those saying " It's a good thing as the miners are getting paid more fees" I say this:
Fees are only seen as low as they're currently being measured in $ and not in #btc . They're only measured in $ because the $ price of #bitcoin is being artificially suppressed by the $ system /aka banks /tradfi. In order to solve this problem, we need to pry the fiat price away from traditional finance' control by taking physical custody of our #bitcoin ASAP!
To those who suggest that this is somehow good or OK because it forces folks to lightning which is inevitable here are my thoughts:
While I certainly agree that eventually we all will be forced to a higher layer for our daily spending when bitcoin becomes a universal currency, I'm of the opinion that LN is not truly bitcoin but more akin to something like using a credit card in the fiat system. Essentially it's a way of showing that you have L1 Btc and that you can settle there if you want to, but it's basically a network of claims on L1 Bitcoin which is completely fine for the Medium Of Exchange use in a post #Hyperbitcoinization world. That as it is, I truly believe that L1 should be where the vast bulk of our savings are to stored as it truly is digital gold and the only real bitcoin.
IMO we are well into the then they fight you stage and for those thinking that these attackers will eventually run out of money might end up being very wrong. Perhaps these adversaries are being funded directly or indirectly by those with access to the money printers. Perhaps even these centralized exchanges are behind them as they're truly insolvent and trying to minimize the liklihood of going bust by making the bulk of their customers unable to move onto L1 as doing so would make their UTXOs economically locked while the dollar price of #bitcoin is captured by #tradfi? Regardless I expect these attack on self custody #bitcoin to only increase until a solution is implemented (whether soft Fork or otherwise) but as things stand now it appears they are closing the door to Layer 1 bitcoin transactions for those who need it most.
We need to keep L1 fees on the main chain as low as possible for as long as possible to allow as many as possible to participate in the #Bitcoin self custody revolution.
https://i.imgur.com/MTnRn1i.jpg

2023-05-07 15:10:14 UTC

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IMO they're either testing an attack vector or have started their longer term assault by attacking #bitcoin L1 self custody. They're seemingly playing up the narritve that "if it's good for miners, then it's good for #btc." IMO anyone with any seriousness about the longevity of Bitcoin should immediately see through this BS. How is it good to make the smaller UTXOs economically unfeasible to move and also make 3rd world countries completely reliable on the lightning network? Most of these lightning solutions are centralized AF and the most popular ones are non self custodial so you never even have your own sats in the first place! I hate to say it by LN is only #btc when you close the channel on L1 #bitcoin..which is fine as long as it's just for your spending #btc and not for your savings which should be L1 #btc in cold storage that you created the entropy for yourself offline.
The miners supporting this attack are either short sighted or complicit with the fiat cartel. They must see that as long as the price of Bitcoin can be subservient to fiat currency then the incentive for BTC are also fiat inclined as the miners benefit from the short term fiat UOA view by people at the cost of the medium to long term success of the bitcoin UOA goal post.

2023-05-07 15:06:16 UTC

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IMO they're either testing an attack vector or have started their longer term assault by attacking #bitcoin L1 self custody. in an attempt to keep their $ They're seemingly playing up the narritve that "if it's good for miners, then it's good for #btc." IMO anyone with any seriousness about the longevity of Bitcoin should immediately see through this BS. How is it good to make the smaller UTXOs economically unfeasible to move and also make 3rd world countries completely reliable on the lightning network? Most of these lightning solutions are centralized AF and the most popular ones are non self custodial so you never even have your own sats in the first place! I hate to say it by LN is only #btc when you close the channel on L1 #bitcoin..which is fine as long as it's just for your spending #btc and not for your savings which should be L1 #btc in cold storage that you created the entropy for yourself offline.
The miners supporting this attack are either short sighted or complicit with the fiat cartel. They must see that as long as the price of Bitcoin can be subservient to fiat currency then the incentive for BTC are also fiat inclined as the miners benefit from the short term fiat UOA view by people at the cost of the medium to long term success of the bitcoin UOA goal post.

2023-05-07 14:50:09 UTC

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They are attacking the #bitcoin L1 self custody in an attempt to keep their $ 💩 coin as relavant as possible for as long as possible. They're playing up the narritve that "if it's good for miners, then it's good for #btc." Anyone with any seriousness about the longevity of Bitcoin should immediately see through this BS. How is it good to have them maintain the fiat price of #btc while they make the smaller UTXOs economically unfeasible to move and also make 3rd world countries completely reliable on the lightning network? Most of these lightning solutions are centralized AF and the most popular ones are non self custodial so you never even have your own sats in the first place! I hate to say it by LN is only #btc when you close the channel on L1 #bitcoin..which is fine as long as it's just for your spending #btc and not for your savings which should be L1 #btc in cold storage that you created the entropy for yourself offline.

2023-04-22 20:48:17 UTC

Shorting #bitcoin IMO is shorting freedom and (whether intentionally or otherwise) is helping to perpetuate the fiat currency / centralized system of control over the masses. It's time we collectively opens our eyes to this once in a species opportunity before us and not let ourselves be lured into the wrong side of history. Just like bitcoin's blockchain, nostr doesn't forget either.
#SelfCustodialBitcoinOnly
https://i.imgur.com/MtxoDD5.jpg

2023-04-21 19:45:19 UTC

Okay so let me get this straight, the world has over 2,000 billionaires and not a single one of them is going to decide that they want to spot buy up all of the Bitcoin on these centralized exchanges and hold them all in self custody? I mean how else would you want to go out? This would cement your legacy as being one of the pivotal human beings to transition the world away from a debt based fiat currency into a global hard money standard that would prolong and advance our civilization more than potentially anything else you would be able to ever come close to doing in your life. Know a billionaire? Maybe you should tag them here and ask them that question.
https://i.imgur.com/pzqdLGt.jpg

2023-04-06 17:06:24 UTC

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They want to maintain their control over us via fiat rule and decree. #SelfCustodialBitcoin scares the 💩 out them as they see it's potential to completely eliminate their grasp of power over us all. We're definitely in the "then they fight you" phase.

2023-04-06 17:03:05 UTC

#Bitcoin isn't red or blue, it's orange. 💪 #HODLYourOwnKeys #nyknyb #SelfCustodialBitcoinOnly
https://i.imgur.com/jdEvR9d.png

2023-04-03 22:59:20 UTC

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💯 He knows all he can ever buy are #bitcoin IOUs and not #SelfCustodialBitcoin. He knows that if he tries that he'd drive #Hyperbitcoinization and instantly devalue his socioeconomic status while we all rise to the top. He can't and won't accept that and will use up all his resources to kick #bitcoin down the road as far as possible IMO.

2023-04-01 17:15:13 UTC

Bitcoin isn't about making more dollars, it's about ellimating them!
Put another way, #Bitcoin is about the separation of state and currency and if successful will eliminate the vast influence fiat currency has in the world today and will make the vast majority of wars a relic of the past. How many wars do you think would be fought if nation states weren't attempting to defend the value of their currencies? ✌️
https://i.imgur.com/s8hJxC4.jpg