That time of year. Thankful for so many things. #Christmas

Need a smile today?

Christmas Puppy

#christmas #music

Wen Enroncoin? If you're going to go crypto degen, let's go all out.

Crypto Briefing

Enron announces plans to relaunch and teases entry into the crypto space

Enron announces its surprising comeback after its 2001 bankruptcy and fraud scandal, unveiling plans for energy and blockchain innovation.

Fun to watch the Christmas colors blinking.

BTC Live Price - Real-Time Bitcoin Price Tracker

Watch Bitcoin price movements in real-time with our clean, fullscreen price display. Track BTC/USD price updates live.

300 tons of gold was found recently (so says China). #bitcoin fixes this with real scarcity.

Fox News

Largest gold deposit in the world worth $83 billion found in China

A discovery of gold reserves, estimated to be worth $83 billion, was made in China last month. China is the world's largest gold producer, Reuters ...

Kicking the Hornet's Nest

The thing is, it is the thing. tldr; A common bitcoin criticism is, "It's not backed by anything." Well, the thing is, bitcoin is the thing. One of the most common criticisms of bitcoin is the line, "Bitcoin isn't backed by anything." Years ago I was at a semi-social thing hosted by a financial advisor. Although I didn't care how he would answer, I was curious and asked, "What do you think about bitcoin?" He answered, "Well, it doesn't have any intrinsic value, it isn't backed by anything." Then he added something about "tulips." Regarding the tulips, that argument was actually okay in my view. A few reasons: (1) This was years ago, and the idea of bitcoin either going to zero or a million was real. Back then, zero was actually the better bet. Bitcoin at a million was crazy talk, a surefire way to be laughed at as a quack. (2) Tulips actually do have a degree of scarcity. Each year there are only so many bulbs to go around. Of course, more can be grown, almost infinitely I would guess. But, there is a natural time element of progation and maturation involved, not to mention decay. So, in the least, tulip bulbs have a physical, natural limit built in as a throttle to the total supply and to the emission rate. Compare tulips to fiat money...no throttle there. (3) Today, every single memecoin is tulip mania. A few people fumble in early, play the timeline well, make a ton of some such cryptocurrency. The vast majority get rekt, the tulip mania ends, and everyone moves on to the next tulip memecoin. Early on, thinking of bitcoin in this way wasn't ridiculous thinking at all. At this point though, I feel we're past "tulips." Regarding intrinsic value, I guess those critics are correct. You can't make jewelry out of bitcoin or plant them and later admire the pretty colors. But, let's face it, gold and tulips really don't have a ton of intrinsic value either. There are some uses to these things, not a ton, but bitcoin has none intrinsically. Yet, the intrinsic value of gold, or 17th century tulips, or fiat money, or bitcoin really isn't the point. The point is just the value, intrinsic, extrinsic, existential, whatever value. No one buys gold coins to melt them down and gild their kitchen stool. No one buys tulip bulbs to plant them and grow them because they're pretty...well, you got me on this one...people actually do do this! No one obtains fiat paper money to wallpaper their home. The point is, people obtain these things because they have value, which can be transferred to get other things, which in turn make their life better. It was a gold bug who recently brought this to my mind. He repeated the old, "bitcoin isn't backed by anything" line. Two things on this: First, I've always thought bitcoin actually is backed by something. It's not backed by something physical, as in "backed by gold" or "backed by crude oil." It's backed by something better. Bitcoin is backed by the trust that the immutable Bitcoin system is. This is hard for the simpleton to follow, me included...it took years. It's easy to understand, "You give me $1000 I'll give you a pebble of gold." Rather, bitcoin is backed by the code which sets the emission and limits the supply to 21 million and the fact that no one or no group can alter this. Talk about being backed by trust. We can fully trust that 2 + 2 = 4, every single time, and no one can alter that fact. The immutability of Bitcoin is what hard codes the scarcity that gives bitcoin its value. Secondly, and this is what came to my mind the other day, being "backed" by something has an implication underneath. The idea of being "backed by something" implies that, one day, you will or could trade that item in. Gold-backed dollars imply that I could swap pieces of paper for physical gold. I guess the ultimate game plan with tulips was to ride them to the market high, then to swap them out for the Dutch currency of the day. Gold, frankly, isn't backed by anything (similar to bitcoin). What do you swap gold for? Dollar bills? That's bass ackward. The fact that it has a few uses physically is not why it's value is where it is. It is the scarcity of gold that gives it value. Bitcoiners are usually aware of the Matrix meme about not having to trade in your bitcoin for fiat dollars. That's it. Bitcoin is not backed by dollars, or anything else. The thing is, bitcoin is the thing. #bitcoin

Didn't expect Christmas-time photos on # Thanksgiving day, but I took them.

At first I thought it was saying Sun was on Trump's crypto advisory committee. This is bad enough.

The Daily Hodl

TRON Founder Justin Sun Named Advisor to Donald Trump’s World Liberty Financial After Acquiring 10% Stake - The Daily Hodl

TRON (TRX) blockchain founder Justin Sun is now an advisor to World Liberty Financial (WLFI), the decentralized finance (DeFi) crypto project backe...

Well that was a first: morning 5k turkey trot in light snow flurries. Badge unlocked.

I'm afraid to read the punchline on this one. Can't end well.

I see on njump.me that my nip-57 address is my old one and I want to switch. How can I change it? #asknostr #grownostr

Kind of excited: finally got "Kicking the Hornet's Nest" book in ✨pay-with-bitcoin✨ format thanks to SatStash.io Hopefully everything works as expected.

Kicking the Hornet's Nest | SatStash

Kicking the Hornet's Nest: The Complete Writings, Emails, and Forum Posts of Satoshi Nakamoto, the Founder of Bitcoin and Cryptocurrency - Third Ed...

#bitcoin

Is "bits" talk back to #bitcoin? "Bits" was a thing back around 2015ish or whenever it was that btc hit $1000. I made a calculator for it. There was talk of bits, ubits/microbits, millibits, mbits. It was/is confusing (reason I made the calc). I say stay "sats" as that's where we're heading. https://sbc-v7.on.fleek.co/archive/legacy-20230716/index.html

On the road, visiting for the week...I half wake up, brain groggy, force my eyes open, look out the window... ...brain foggy, gray outside, lace drapes, wait, what?... ...head turned sideways on the pillow, rows and rows of mushrooms... ...and the bitcoin logo? Either I've become "orange-pilled" to the point of bitcoin enlightenment... ...or I have an obsession problem and admission is the first step. Or, there were some "special" mushrooms in my tacos yesterday. #bitcoin #foodstr

@Plebeian Market Trying out plebeian.market to sell a book. I'm loving the UI/UX both from the seller and buyer point of view. My takeaways... 1. While trying to "buy" my own product as a logged out "customer", I went through the checkout, filled out shipping details etc, all great. But the "buy now" button is grayed out until I go back and create a nostr account. Then I could go back and do the whole fill-out-details of shipping again. Not sure that a normie is going to do that. At least they'll find it frustrating. 2. After clicking the "buy now" button, I was expecting a QR code or some way to pay with sats. Instead, I got a "waiting for reply from the store" message. 3. While logged back into nostr (on another browser) I indeed got a message with the order details and shipping etc in what looked like a custom json. 4. I assume that "9e6..." is the buyer's npub (in hex). Am I to connect with the buyer? Something else? I really, really don't think a person who stumbles upon this and sets up a random nostr account is going to be knowledgable enough to communicate with me via nostr. Or, is there something I'm missing, something I'm supposed to do from my side in Plebeian Market? Or, are things not 100% done and PM is under construction? (which is fine) Or, is it just user me? (me messing up, which is the likeliest possibility) 😂

Not sure how I missed all this drama about Cash App guy. Yikes.

Protos

Cash App founder Bob Lee's murder trial nears end — is Nima Momeni guilty?

After closing arguments are made on December 2, a jury will decide if tech consultant Nima Momeni killed Bob Lee — or if it was self-defense.

"Bitcoin Faces Volatility but Analysts Remain Bullish on Future Growth" - Bitcoin journalists pro tip: just copy this headline to paste in every few days...just to save time in reporting. 🥱 #bitcoingroundhogday

Bitcoin Faces Volatility but Analysts Remain Bullish on Future Growth

If anyone has some nostr-to-mastodon bridge advice, I'd love to hear. I had it set up and working but the mastodon server I used got too unreliable. So...back to square one. I'm striking out with the instructions on mostr.pub #asknostr #grownostr

The nuisance #mastodon server I'd been using finally became sketchy enough that I said forget it. So, new mastodon account on new server:

mas.to

crrdlx (CR for short) (@crrdlx@mas.to)

722 Posts, 1 Following, 0 Followers · Edited "Kicking the Hornet's Nest" - everything Satoshi Nakamoto wrote publicly in chronological order. A...

Why is mastodon so hard to figure out? Anyway, I'm now trying to set up the #nostr to mastodon bridge, again. It was doggone hard the first time, not looking forward to this. This is basically a test.