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#Bitcoin ₿ is humanity’s best hope - Brisbane #Austrich

Public Key

npub1myh7r64lemswzc055slpg2kcy33wj04qgphely2sx08w5dkqjp8scpmpph

NIP-57 Address

lnd@btcpay.freeonlineuser.com

Profile Code

nprofile1qqsdjtlpa2luac8pv862g0s59tvzgchf86syqmulj9gr8nh2xmqfqncprpmhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmd52ycyg

Publishing to

relay.noswhere.com

Author Public Key

npub1myh7r64lemswzc055slpg2kcy33wj04qgphely2sx08w5dkqjp8scpmpph

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Last Notes

2024-09-02 12:08:06

@npub1qny…95gx is mainstream
https://m.primal.net/KaSs.jpg

2024-09-01 22:36:42

Dear [Friend's Name],
I've been exploring some intriguing connections between Bitcoin, thermodynamics, and complex systems theory. While some of these ideas are speculative, I believe they offer valuable perspectives for understanding Bitcoin's unique properties and its place in the broader economic and technological landscape.
Central to this exploration is the concept of entropy from thermodynamics. As you know, entropy is a measure of the disorder or randomness in a system, and the second law of thermodynamics states that the total entropy of an isolated system always increases over time. This principle has led some researchers to consider entropy as a kind of "universal currency" - a fundamental cost for any process in the universe.
When we apply this concept to Bitcoin, we can analyze the energy expended in mining from a thermodynamic perspective. The proof-of-work system effectively transforms electrical energy into a digital asset, and this process is irreversible, aligning with the concept of entropy increase. However, unlike traditional energy expenditures, Bitcoin mining results in the creation of a highly ordered information structure - the blockchain.
This has led me to consider a conceptual model of Bitcoin as a form of "information crystallization," where the energy used in mining is transformed into a structured digital asset. While this is more of a metaphorical construct than a proven physical phenomenon, it provides an interesting framework for analyzing Bitcoin's relationship to energy and information theory.
I've also been considering parallels between Bitcoin's consensus mechanism and concepts from quantum mechanics, specifically the idea of wave function collapse. In quantum systems, a particle exists in a superposition of states until measured, at which point the wave function collapses into a definite state. Analogously, a Bitcoin transaction exists in an uncertain state until it's confirmed in a block. While this is certainly not a direct equivalence - the mechanisms are fundamentally different - the analogy might provide insights into the nature of certainty and consensus in distributed systems.
Applying concepts from complexity theory to Bitcoin's development also shows promise. The Bitcoin network, with its numerous interacting nodes and emergent behaviors, fits the definition of a complex adaptive system. For example, we can observe self-organization in how the network adjusts to changes in mining difficulty, or how trading behavior responds to halving events. These phenomena align with key principles of complexity theory, such as emergence and non-linear dynamics.
It's crucial to note that Bitcoin's unique characteristics - its fixed supply, specific consensus mechanism, and network effects - set it apart from other cryptocurrencies and traditional financial systems. These distinctions are essential when applying these theoretical frameworks to understand Bitcoin's behavior and evolution.
Lastly, I've been considering the nature of money itself as a system of information and trust. From this perspective, Bitcoin's transparent and programmable nature might indeed represent an evolution in how we conceptualize and implement money. However, this idea needs to be grounded in established economic theories and empirical evidence to move beyond mere speculation.
I believe these interdisciplinary approaches, while still largely theoretical, could open up new avenues for understanding and analyzing Bitcoin and other distributed systems. They might help us develop more sophisticated models for predicting network behavior, assessing energy efficiency, or designing future protocols.
I'm keen to hear your thoughts on these ideas. Do you see potential applications or pitfalls in applying these concepts to Bitcoin or distributed systems in general? Your critical perspective would be invaluable in refining these concepts and identifying areas for further research.
Looking forward to your insights,
[Your Name]

2024-08-12 10:51:15

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I’m thinking of tying a string to my nutsack to know if someone opens my bedroom door while I’m sleeping.

2024-07-29 07:01:46

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Including the details of what cannot be shared would also be acceptable.

2024-07-26 07:34:57

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That hose will cause a forest fire.

2024-07-21 23:30:00

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https://m.primal.net/JZZP.jpg

2024-07-17 13:36:31

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What is this template? I’ve been looking for it!

2024-07-17 13:18:56

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Love the surface texture, gives a nostalgia for the trading cards I once collected.

2024-07-17 13:13:27

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Thinking deeper, 30k, for 5years, then get the 26k back then 5years later 5M boom.

2024-07-17 13:10:32

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Just a note, you can’t use the 26k for anything else for that decade.

2024-07-17 13:08:33

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Apple banned it, had a break, came back so many new options. Feels weird, nothing it concrete.

2024-07-17 13:06:23

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Ok this looks busy, zoom in.

2024-07-17 01:50:32

https://image.nostr.build/915f08e2ab6a956b61a8223be76611fefbbd1d5cd0794474d2b335d4dee68ce1.png
This is a chart of bitcoin unit bias intersecting with gold unit bias. Enjoy.
The transition from gold to the worlds hardest money will happen at a speed determined by the issuance rate set by Satoshi in the bitcoin code. It's clear to me from this chart that during this transition humans will continue to use phycological biases to decide how to enter this new asset class. A trader sees they can buy a 1oz gold bar for 1btc and takes the trade.
The future circles are not a prediction, just an example of how these levels may come into play in the future bull runs. $1M btc could occur in the next cycle or two. Gold is represented in kg on the y axis, and the prices on each line are based on current gold price.
This is a pine script indicator I built for myself in tradingview. It shows commonly traded gold units, and the major multiples and division of these units. I made a similar indicator that I enjoy, that represents the same lines as they move dynamically with gold price on the standard btcusd chart.

2024-07-16 10:15:48

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Imagine the gains that the ‘mover’ could make if they shorted every ‘move’

2023-12-08 11:51:45

For 1 million dollar per #Bitcoin by tomorrow, simply teach the the wealthy elderly how they can take all of their wealth into the future by remembering 12 words and using #chryogenics

2023-11-17 22:51:07

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I didn’t know what that was, user error? :)

2023-11-16 06:47:59

@npub1az9…m8y8 why’s coldcard support so slow? Device has a obvious fatal error, 3days for support to respond, with try power cycling it? Waiting another day for the response after I tell them I did that already.

2023-10-24 02:00:44

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@npub1vr2…dzvx

2023-10-22 11:34:40

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Gm.
beat them at their own game by redefining the meaning of words world, war, and three.

2023-09-22 13:23:34

A note to Bitcoin exchanges, users understand there are legal requirements you must adhere to in order to maintain a legal operation.
You are most likely on the side of bitcoiners, so to maintain the trust of your customers I recommend making your position clear.
For example, let them know you aren’t supplying all users kyc data to a government controlled database, but who knows perhaps this is a requirement and you are?
And let them know every trade is not sent directly to a tax department database, perhaps it is?
My assumption is the kyc database is kept in-house, and some sort of warrant would be required to support release of specific releases, but who knows?
I suspect a tax investigation is required to gain trading information, but who knows?
It remains mystery to most of us.

2023-09-19 07:50:34

It seems likely to me that AI in its current form was released from its existing military and government silo, because the US and the world economy are in such a precarious position that it is hoped the increase in economic productivity gained will be enough to offset the entire crisis.

2023-09-18 07:09:26

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The fees on a large majority of the transactions are 10x the transfer amount. Insriptions, ordinals, miners spamming the fees up? Whatever this is, I feel non bitcoin value centric use of the bitcoin blockchain is an attack on bitcoin.

2023-09-09 07:46:44

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Peter Thiel would like to disagree. To paraphrase - Impossible to prove scenarios like these are designed to (or only serve to) cause people to give up on engaging in discovery and experiencing the wonder of our reality.

2023-08-29 12:04:24

W.H.O. 'World Health' Orginisation is an unelected environmentalist movement that focus on the health of the planet, not the people living on it. They view humaity as the disease, and it's cure is our eradication. Perhaps we've just been reading their name wrong.

2023-08-28 11:43:14

Looking back to see the future. https://youtu.be/J-Vjgx75GXQ?si=o1jJd6w5b_eX4d5K

2023-08-21 07:34:46

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Sounds great! Send over your private key so I can deposit that 😂
ps. Was not a scam link, its wayback machine archive to one of the earliest bitcoin websites. It works, only you need a time machine.

2023-08-20 22:52:25

Found a great way to generate 50bitcoins in a few hours https://web.archive.org/web/20100614135405/http://newlibertystandard.wetpaint.com/page/Getting+Started

2023-08-20 06:45:19

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Moog synthesizer?

2023-05-14 07:01:52

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OrangeWebsite looks promising

2023-05-10 11:20:54

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Sound money requires very large transactions, it's just a fact.

2023-05-01 08:12:52

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My wife makes the odd cake, half the recommended sugar in the recipe, it definitely tastes better.

2023-05-01 08:08:14

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It's best to avoid sugar, fats are not fattening as we've been told. Building a non-sugar based reward system can improve your life, and you'll probably discover you have a new power.

2023-04-26 07:12:44

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https://nostr.build/i/a86af55993aa83e40ce31b68759e94aeb6b056148a74dd0f10a817ad560a810e.jpg

2023-04-21 08:27:08

Zap only mode is trust not desire

2023-04-17 11:32:52

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In iris, file upload gives you a link. Don't send the note, just copy the link and exit. Yep its a dirty hack.

2023-03-31 05:57:04

Planning to get off iphone onto grapheneOS soon.
Open to any advice, what is reasonable hardware?

2023-03-27 09:55:04

I am invisible on Twitter.

2023-02-17 10:25:04

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Satoshi wrote, let’s move the decimal point so we all have 1000x more bitcoin
https://nostr.build/i/nostr.build_9b46832592dfdf02ba136d75888d82e53b7db410b28e1675a7e7e6b81d9fb03d.jpeg

2023-02-17 07:39:06

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Andreas Antonopoulos said most people are comfortable with a currency, where a sandwich costs between 10 and 100 units.