8r0ck3feller
8R0ck3feller

MSTR is buying ~30% of newly mined btc at these price levels.
There is no way the global supply & demand dynamics at play here are organic and natural. Someone is manipulating something, somewhere, somehow at a magnitude serious enough to impact bitcoin’s purchasing power.

2024-08-28 01:03:29

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Switch to Melbourne and I might make it.

2024-08-27 16:35:51

Yo @npub1pyp…c0qq you gonna start posting more over here?

2024-08-27 01:55:46

All I have experienced as a bitcoiner are dips…ready for the rip(s). #note13dt…2vu2

2024-08-20 12:04:37

#Bitcoin is the way out.

2024-08-20 12:03:19

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And follow a lot more people than you think you need to follow.

2024-08-16 17:55:45

We pumping this weekend or nah?
📈🔥🚀

2024-08-16 15:00:28

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FFS … I bought both the 2021 $58ks … and the 2024 $58k … do I get a special recognition?

2024-08-15 22:13:45

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https://imgflip.com/gif/1bbujr

2024-08-15 15:24:26

https://image.nostr.build/3b6858e7b48759b811fc20c83f5db12e81172c7b86cd1dfac9f9939f598b6e19.jpg

2024-08-15 14:11:37

#Bitcoin 2024 https://image.nostr.build/1445119f43066ea51301c3b39f5a187cd62a92ff56521b5851f37f8a23af9500.jpg

2024-08-15 00:08:40

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I don’t…the miners need to capitulate. Hard. Get all the miners’ coins that are gonna be on the market on the market. Let’s start this bull run … frfr.

2024-08-14 22:15:01

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I WANT MY PURCHASING POWER TO GO UP! (+1 ODELL <ALL CAPS>)

2024-08-14 22:13:54

WTF is going on with this price action?

2024-08-14 12:56:11

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My choice was 3 bitaxes, placed in inconspicuous locations

2024-08-13 17:22:33

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I just solo mine. It’s about security to the network, not bitcoin accumulation.

2024-08-13 14:37:11

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0.1btc is $6000 USD purchasing power … 1-3 $150 bitaxe(s) seems like a legit insurance policy to take out against that position. Similar to the investment for a hardware wallet or a node.

2024-08-13 14:22:15

BitAxes are the way to go for home mining. Cheap upfront, easy to set-up, run without issue, quiet…if every major bitcoin hodler w/ 0.1 btc or more got a couple/few bitaxes solo mining at their residence, that’s all that we’d need to protect the network. Highly recommend.
cc: @npub1k8s…6y88

2024-08-13 02:35:12

The photos from the Kamala rallies might actually be enhanced with (if not generated by) AI … #note18ln…7xla

2024-08-13 02:17:56

I’ve seen this movie - HER w/Joaquin Phoenix … spoiler: it doesn’t end well. #note1hsa…gvqh

2024-08-12 20:18:13

Bitcoin miners are incentivized to consume waste, spare, and curtailed energy. If you don’t know why, go learn. #note1jwr…570c

2024-08-12 18:15:25

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100% just buy bitcoin, use self-custody, and wait for 📈🔥🚀 …

2024-08-12 02:03:05

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The incentive system needs work. Right now NOSTR incentives don’t work nearly as well as bitcoin’s incentives.

2024-08-10 01:19:08

Constraints are critical. We have to have a balanced budget…if governments around the world had balanced budgets and had to manage trade-offs then being free to “do what you want” would have the appropriate amount of cost/benefit analysis.
And society wouldn’t be on the brink. #note15rl…2c2m

2024-08-09 03:05:46

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…Even when the Feds show up and listen just to make sure everything stays within the Overton Window.

2024-08-08 23:32:30

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100% this.

2024-08-07 14:13:53

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See, that’s where I tend to differ with some bitcoiners. This might not land on what you’re saying but I’ll still share…
I think a lot of “profitable” media businesses on a fiat standard won’t be profitable on a bitcoin standard. Consumption won’t be as valuable. The media model developed for digital economy & streaming will implode under the weight of sound money.
Effectively with a much higher discount rate (I.e. price of money), future consumption won’t be as valuable AT ALL as it is today. The concept of brand value will change dramatically from what it has been since the 70s. The focus will be how much is someone willing to pay UP FRONT for quality.

2024-08-07 13:53:00

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Bitcoin fixes the lobbyist / regulatory culture of spending and backdoor favors. That’s the target Twitter is really going after - GARM.
IMO, NOSTR doesn’t fix that problem…one could argue that GARM is why Facebook/Instagram/LinkedIn are as powerful as they are … they control advertising content and reach.

2024-08-07 13:18:53

https://tenor.com/d0Dv6Ow7DfT.gif #note1zl5…mjjx

2024-08-06 21:19:18

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What do you think about this concept but with family members? Grown siblings, parents, etc.?

2024-08-05 21:09:50

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No, I agree with @npub1qex…82qk … we need to embrace the value of “Pump It Up” as a forever anthem.

2024-08-03 19:11:50

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Any bitcoin maxis in their first cycle are guaranteed to be a little puckered at this stage. Theory and reality often are different. All these bitcoiners who had meaningful positions at much lower cost basis (1) already have seen that productivity multiply and (2) didn’t necessarily have to go as hard in the paint stacking fiat to establish a “meaningful” Bitcoin position
Everyone says the pump is coming but as a first cycle I’m sitting here like …

2024-08-03 18:51:37

IMO, no meaningful, unannounced institution positions have been made at this price level. #note1380…8gyw

2024-08-03 14:08:23

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Jeff Booth

2024-08-03 14:06:20

Instead of becoming spending lavishly on sports and real estate to become relevant in Western culture, Saudi Arabia should first establish a 1M Bitcoin position.
Everything else they’re aspiring to (cultural relevance, political power, etc.) would follow them securing ~5% of total global wealth for the centuries to come.

2024-08-02 11:26:47

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The bitcoin axis is logarithmic while the fiat debt is linear … the data suggests that taking out fiat debt to buy bitcoin is exactly what a person should do.

2024-08-02 11:21:14

~$0.065M / btc isn’t this important.
Time to send it. 📈🔥🚀

2024-08-01 23:55:26

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There are other ways to call out a lie than just shouting from an elevated position.

2024-08-01 21:54:28

And then remind them that all climate action is communism. #note1c9t…d3z5

2024-08-01 21:50:42

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I agree that we shouldn’t capitulate. But I do like calling their bluff…
”Oh you want grid stability? Bitcoin mining does that.”
“Oh you want fewer emissions? Bitcoin mining does that.”
“Oh you want higher renewable penetration? Bitcoin mining does that.”
Concede that climate action is necessary to get passed the first principle impasse…then watch them squirm as they realize Bitcoin mining really is an energy innovation that addresses everything they say they want.

2024-08-01 16:36:35

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Influencing only pays in a fiat economy. Information - like oxygen - is so plentiful that it is not worth paying for. In a fiat economy, advertisers pay for reach in order to achieve growth … but in a decentralized, quality-focused, sound money economy influencer reach won’t be as valuable.

2024-08-01 15:25:44

Broooooooooo…..
Just give me an ATH, bro!
Come on, brooooo!
(but seriously, you’re right. This sux.) #note1e88…prjt

2024-07-30 01:42:35

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The Nordstream maneuver was interesting. One could see a scenario where an entity wanted to keep the most productive country in Europe from capitulating to the Russian effort in Ukraine to ensure access to cheap natty gas.

2024-07-30 01:20:06

Let them try. https://image.nostr.build/445d7674995ce9b82850c3506bcc2392e2c4a877d48881165767451ca91ac678.jpg #note1tf3…9lg9

2024-07-30 00:29:46

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Regulations must be enforceable to be effective.

2024-07-29 23:58:29

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Holy hell, this resonates.

2024-07-29 23:57:23

What can they really do? We just tell them “no” and “GFY” … what are they going to do? #note1myj…els0

2024-07-29 18:19:21

https://youtu.be/dJUrK1ghZic

2024-07-29 14:12:41

Do I get any credit for chastising @npub1qny…95gx?
😅 #note1lgn…fcwg

2024-07-29 12:57:32

Stacking goals should be completed before halvings…at this point any progress you’re making is great but not realistic to expect 🌽 to not pop off at any moment. #note1qq6…23nv

2024-07-29 02:54:12

LFG! #note1ey7…xrpt

2024-07-29 01:33:01

Nah… https://image.nostr.build/b32ca6344478dd0ed3c6e024d46d95aefbe7c8133c37f388682b3cb61172a21a.jpg #note18cp…733e

2024-07-28 15:37:41

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I disagree. We don’t need many of these VC backed small companies. If they are offering something of true value, they can raise debt / support from a more well capitalized company that will pay for the rights to the idea.
The modern tech VC model is a fiat artifact.

2024-07-27 11:36:13

The entire economy is driven by federal dollars for defense, healthcare, ag, or university.
Doesn’t surprise me that the state most aligned with “pork” spending and political “you scratch my back, I’ll scratch yours” is blatantly against the games ending. #note15c8…gpuz

2024-07-27 11:17:16

My first one was 28-29 … second one currently underway ~decade later. #note1n80…242j

2024-07-26 14:39:05

Ditto #note1mt0…qkrc

2024-07-26 06:41:35

~$0.065M 🙃 #note1w2t…asmr

2024-07-26 06:40:34

~$0.65M isn’t this important. Time to send it.

2024-07-26 06:11:39

Anyone ever have several hour delay waiting for Bitkey to show a confirmed transaction?
I used a Bitkey generated address, received a Bitkey iOS notification that the tx went through, the mempool confirms the tx went through, but the transaction isn’t showing up on my Bitkey device interface.
cc: @Jack

2024-07-26 05:43:42

#bitcoin

2024-07-25 21:43:59

The difficulty adjustment will lead to bitcoin miners being paid to consume waste / curtailed / stranded energy in order to bring more efficient / economic distribution of energy.
Bitcoin’s energy demand might go up BUT the type of energy it will consume will be purely waste / curtailed / stranded energy. Non will compete with other energy utilizations, it will only complement energy infrastructure.
The more you know…fight the FUD.

2024-07-24 08:28:32

Peak digital age was the Microsoft Windows baseball theme. Circa ~2000
“Play ball!” *bat crack, bat crack, bat crack*

2024-07-23 13:48:54

For real, how much longer? It starts before October, right?

2024-07-22 00:51:42

I expect more. Stack harder. #note1qz4…atpw

2024-07-13 15:40:10

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Sure. But that isn’t the case for everyone. The incentive in bitcoin is (1) accumulate wealth (mine/buy) and (2) protect wealth (run a node). The rules are defined. The execution of the protocol predictable. The incentives for participants are (nearly) perfect and are (truly) synergistic.
“Protecting” freedom of speech isn’t really defined nor is it measurable nor is it predictable. Protect speech against who? Protect what type of speech? Who is delivering the speech? What’s the reach of the speech? What the truth factor of the speech? What’s the novelty of the speech? What’s the timing of the speech? Where is the physical location of the speech?
Who profits from posting/hosting the speech? What determines how much they are compensated for the speech? Can the hosts or the posters predict their value flows?
NOSTR is by far a less effective protocol vs. bitcoin. Worse protocol but still important. Speaks more to the perfection of Bitcoin vs. a strong criticism of NOSTR.
Bitcoin is a protocol that fixes the world by aligning participants’ financial incentives to increase productivity in energy & computing.
NOSTR is a decentralized protocol that enables free speech. But who gets paid and how still has to be figured out by centralized (even if they’re benevolent) actors.

2024-07-13 12:53:30

I might consider paying a monthly rate to be automatically spread pro rata across all the posts I like. But the allocation of value to any single post is inefficient and clunky. #note1557…8jqx

2024-07-12 14:04:03

Lost in this Biden gaffe…everyone but Zelenskyy is wearing a suit. He is somehow still wearing his combat chic and the Western world just goes along with it. As soon as “they” put him in a suit he’s just a money grubbing politician that the masses will toss aside like the rest of the corrupt lot. They’ll lose support for their action in Ukraine, which is critically important for their ends…whatever those ends might be.
It’s an obvious psyop. Probably the most obvious since I’ve started to pay attention.
Put him in a suit! LET HIM WEAR A SUIT! #note1929…ecgk

2024-07-12 12:13:00

The incentive structure on NOSTR isn’t nearly as pure and obvious as it is in Bitcoin. Bitcoin works because everyone is incentivized to participate, in one way or another.
NOSTR is a platform you can choose to use but if anything it gives you less than legacy social media. Sometimes less is more but still … the incentive to use NOSTR isn’t pure and obvious. #note1f7z…t7ht

2024-07-10 15:25:26

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They’ve been able to extend their runway a lot longer than I anticipated.
Even this bitcoin price action and their maneuvers to suppress it since FTX & BlockFi & Celsius … honestly it has been impressive. I wonder how much longer they can go…?

2024-07-10 04:57:26

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2024-07-10 04:56:53

Has there been any discussion here focused on the WHY in why Germany was selling their bitcoin? What’s the motive? What’s the angle? What’s the interest? What’s the incentive?
What I think I know:
(1) the bitcoin sale was a very public action
(2) basic analyses would suggest now is a terrible time to sell for profit
(3) it wasn’t done gradually over several weeks…executed more like a liquidity test
(4) European elections in France & UK effectively the same week as the sale

2024-07-09 13:35:44

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I see your point and you’re not wrong…but the electricity value is the easiest proxy for domestic energy production (OR proximity to energy production). If as a country you don’t have access to or produce electricity, you won’t develop industry, which elevates standard of living. Access to affordable, useable energy at scale relative to your population is critical…the countries in the bottom left don’t have that…the countries in the top right do.

2024-07-04 02:33:58

Too close to home, bro. #note1hsx…0hu5

2024-07-01 21:14:12

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This is a great, great clip.

2024-07-01 19:10:54

Who are the best homesteaders to follow on NOSTR?

2024-07-01 17:11:54

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Bitcoin has to reprice real assets - energy, pipelines, refineries, food production, manufacturing, real estate - otherwise it isn’t really serving its purpose as a storer of value.
The sooner I can buy an oil field and enhance its productivity so I can buy & mine more bitcoin the better. This will happen because (1) the fiat valuation of the oil field has come down and (2) the purchasing power of bitcoin has gone up.
But we need fiat assets to be repriced just as badly as we need bitcoin to go up. The current valuations of everything are completely absurd. And I’ve stacked … in reference to a @npub1rtl…jtfs post from a few weeks back … stacking now is immaterial…many newly convicted and dedicated bitcoiners need price action to unlock their sovereign productivity in the tangible world.

2024-07-01 16:31:12

When does “absolute scarcity” rear its head this cycle. Seems like there are a bunch of fiat interests actively moving supply to market (or giving the perception of moving supply to market). For those of us fully vested for our first bull run, this wait is annoying, at best.
NGU is important because it enables bitcoiners to deploy capital into productive operations in pursuit of more bitcoin…but number has to go up.

2024-07-01 11:07:25

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If the money breaks down, then you’re going to get Mandibles / Atlas Shrugged for at least a period of time. And governments aren’t going to lead the way to prosperity, it’ll be co-ops, small service companies, and local productive industries (farming, energy, construction) that will lead emergent local economies that can help rebuild.
I agree it will be decentralized, locally-focus activities but disagree as to the role / importance of government.

2024-06-30 20:41:04

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A problem with this plan is once bitcoin is legitimized by any “major” country / company / institution, bitcoin’s price will skyrocket due to the suddenly aggressive following by the “investing public” … the Streisand Effect at its best.
Any bitcoin stacking moves made by any institution(s) will be done quietly until (suddenly) they’re done loudly with the accompanying bullish intended effect.

2024-06-29 10:02:57

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How does this drawdown metric compare to the other halving events? And this metric looks to be difficulty adjustment % of last difficulty adjustment, correct? Looks to be updated more frequently than every 2016 blocks.
(Also, there is a typo in the legend.)

2024-06-28 13:50:32

If Barstool starts to deploy the MicroStrategy “Fiat for Bitcoin” tactic, the floodgates will open. So many degenerate gambler bros out there that haven’t figured out Fiat debt to buy the best performing asset of all-time. Also, ties with ESPN…
Portnoy would have much more mainstream reach than Saylor if he stops flirting with bitcoin and goes all-in. #note1gxd…rql8

2024-06-26 23:05:00

Seems to be a bunch of large fiat interests selling their bitcoin recently. Bullish.

2024-06-24 16:43:41

I can subscribe to this reasoning. #note1e7f…gv9g

2024-06-19 15:09:06

Harder to do… #note1fx0…r66v

2024-06-19 15:04:25

Will @npub15dq…lm5m & MicroStrategy ever choose to buy back their own stock rather to induce a massive short squeeze rather than stack bitcoin?

2024-06-19 08:10:05

#Truth #note12ch…hgpz

2024-06-14 13:49:03

Time in the market vs. timing the market #note1q0a…pvl4

2024-06-14 13:48:36

To win you’ve got to play the game. #bitcoin

2024-06-13 01:23:12

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Because of the difficulty adjustment, bitcoin is incentivized to use the cheapest electricity available. The cheapest electricity is waste, curtailed, and spare energy. When we experience hyperbitcoinization, bitcoin won’t create incremental energy supply … it will consume existing energy that otherwise wouldn’t be monetized.

2024-06-11 14:53:52

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So mining and what else would qualify? Everything else is “cashflow” … “satflow” doesn’t really exist until unit of account occurs which is a decade+ away.
Premature “satflow” is actually a cost burden for accounting and reporting (and accounts payable) perspective.

2024-06-09 00:23:52

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I’m thinking on the fly…
If they’re buying spot bitcoin today in order to sell it into a future’s contract, then the future price must be greater than today’s price. Because the arbitrage opportunity (future - spot) has to not only generate a profit but also account for their financing cost of holding the bitcoin during that period of time.
Also, wouldn’t one think that in such a trade there is MORE demand in today’s spot market which would drive today’s price UP while the future’s price would go down?

2024-06-05 00:42:46

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🫥

2024-06-04 02:49:22

Deep. #note1yps…kkcm

2024-06-03 01:29:35

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Salt

2024-06-01 04:13:53

Every time I smash buy bitcoin goes down. Fortunately for everyone, I’m officially out of fiat. Completely on zero. Cruising to new ATHs from here.
Send it. 📈🔥🚀

2024-05-22 22:10:18

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Fuck. That’s depressing.