repletesumo

mountain man, seeking truth, running bitcoin

Public Key

npub1wl0sg0dwh9qex4v59qmkq6ta78qr448war08t8rk0m5y8r37p36q4pq59t

NIP-57 Address

richpanda2@primal.net

Profile Code

nprofile1qqs80hcy8khtjsvn2k2zsdmqd97lrsp66nhw3hn4n3m8a6zr3clqcaqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0ds3zlanl

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub1wl0sg0dwh9qex4v59qmkq6ta78qr448war08t8rk0m5y8r37p36q4pq59t

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Last Notes

2024-08-20 23:48:10

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time limit?

2024-08-11 13:37:12

Laws: Restrictions governments put on people.
Rights: Restrictions people put on governments.

2024-08-05 12:52:13

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I'm already dreading the despair phase. It's going to be brutal. Something like ~$250k to ~$60k 😭

2024-08-04 23:38:34

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@npub12vk…pugg 💯

2024-07-27 17:46:02

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"The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man."
- George Bernard Shaw
"Whenever you find yourself on the side of the majority, it is time to pause and reflect,"
- Mark Twain
🫡

2024-07-27 13:02:10

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If the government wants Bitcoin, the government wants your Bitcoin.

2024-07-27 12:58:52

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https://x.com/jbrukh/status/1816591349715698088

2024-07-27 12:19:42

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It's night and day. It's uncensored.

2024-07-26 23:57:11

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Saylor and Odell sitting on a tree..

2024-07-26 23:47:09

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The only way for large nation states to acquire any meaningful amount of Bitcoin, is to do it quietly.
https://x.com/naval/status/426039693176619008

2024-07-26 23:46:41

https://x.com/TFTC21/status/1816956225810297052
This isn't possible. If the US tries it, Bitcoin will go to infinity and the $ will die.

2024-07-26 02:41:28

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venice.ai

2024-05-28 17:42:13

Politicians planning to leverage Bitcoin to prop up their bond markets.
https://m.primal.net/IQWw.jpg

2024-04-29 23:43:06

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stolen?

2024-04-20 01:25:23

This epoch will decide if self-custodial lightning scales or dies.
https://m.primal.net/Hxew.png

2024-04-19 12:00:23

9̶0̶0̶ > 450

2024-04-07 11:59:23

Fun Bitcoin sizes.
0.01 = sats millionaire
0.002625 = "your" share(8B/21m)
0.1 = sats deca millionaire
1 = wholecoiner/21 million club
10 = sats billionaire
21 = "one in a million"
210 = "lakho mein ek"
21,000 = one in a thousand
210,000 = Saylor
1,000,000 = Satoshi

2024-03-25 15:44:41

On TFTC #492 @npub1az9…m8y8 mention that he expects the (US) ETF's to acquire ~20% of all coins before things start breaking(due to liquidity issues). This is an insightful statement that explains a lot about our current financial system. Let's do some math to explain why.
20% of 21m is 4.2m coins. As of today, the US ETF's have ~800k coins in them. At the current ingest rate of 4kcoins/day it will take the ETF's 2+ years to get to 4.2m coins.
So in 2026-27 we will be looking at:
1. Bitcoin going exponential in terms of $ price OR
2. US executes a 6102 on ETF's to protect the $ OR
3. Both!
Of course, if Bitcoin price rises, the ETF ingest rate of 4k/day will slow down(assuming all other things stay the same, ). For eg: if the price doubles, the ingest rate goes down to 2k/day. So instead of 2 years, we are talking 4 years to get to 20%.
Therefore, this is what the math looks like:
$60k - 2 years(2026) to hyperbitcoinization.
$120k - 4 years(2028)
$240k - 8 years(2032)
$480k - 16 years(2040)
$960k - 32 years(2056)
It's counter intuitive, but THE HIGHER BITCOIN GOES, THE LONGER WE CAN DELAY HYPERBITCOINIZATION and keep the current financial system alive.
This is exactly why governments needs inflation in other assets as well(real estate, stocks etc).
TLDR: FIAT BASED FINANCIAL SYSTEMS NEED INFLATION TO SURVIVE.

2024-03-18 01:20:04

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Thanks for writing these guides! 🙏
How can I verify that the die rolls are being used to add entropy to the original entropy from the cold card?

2024-03-15 11:57:52

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hi there!

2024-03-12 02:04:31

Happy $70k.
We are in for a long bull run. To stay efficient, I'll bucket my wishes into $10k increments. 🫡

2024-02-15 11:24:49

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https://wallet.cashu.me/

2024-02-14 05:21:17

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also https://primal.net/p/npub1cc79kn3phxc7c6mn45zynf4gtz0khkz59j4anew7dtj8fv50aqrqlth2hf

2024-02-14 05:06:55

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try https://unleashed.chat/
it's from the creators of cold card and accepts lightning payments

2024-01-10 22:14:00

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If it breaks $100,000 I will replace my 2012 MacBook Air with a 2020 model 🫡

2023-12-08 00:16:17

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That's $25/card!

2023-12-03 22:26:09

My rule of thumb for valuing 1 btc is:
A meal
A flight ticket
A car <---- we are here --->
A house
A retirement
A legacy

2023-12-03 22:25:11

"Science advances one funeral at a time" - Max Planck
"Bitcoin allocation advances, one funeral at a time" - Yours Truly

2023-11-24 16:39:34

Thoughts on WoS pulling their app in the US:
1. Short-term : It will be a forcing function driving users towards non custodial lightning wallets, and therefore getting them used to (a)managing their own keys & (b)paying on-chain fees for channel creations/closes.
2. Medium/Long term: It will push devs to innovate on L1/L2 to lower the cost of on-chain channel management(channel factories, shared UTXO's, Fedimints et al)
TLDR:
This is good for Bitcoin! 🫡

2023-11-24 15:33:05

2023-10-31 21:22:01

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My TV is 11 years old, has a permanent yellow line in one corner. Works fine otherwise.
Stay humble and stack sats 🫡

2023-07-31 17:21:51

Hi Nostrnauts, I'm trying out Zaps. I'll zap 100 sats to anyone who:
1. Follows me
AND
2. Replies to this post with a unique 3 digit prime number.
Offer expires on August 31st. Feel free to unfollow after you've been zapped 🙂

2023-06-09 03:18:35

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How does it compare against python?

2023-03-12 04:21:56

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I was going zap 100 sats, but you changed my mind 😀