#Bitcoin: A 70-Year Journey
• Cryptography - 1940
• Public Key Encryption - 1981
• Digital Currency - 1983
• Proof of Work - 1992
• Smart Contracts - 1997
• P2P Networks - 2001
• #Bitcoin - 2009
Bitman
bitman@nostrplebs.com
npub1z204...mxwn
Follow the money.
Have you ever shuffled a deck of cards? If so, you’ve likely held a unique sequence—a combination of cards that’s never existed before in the universe’s history and probably never will again.
Let’s dive into entropy, improbability, and, naturally, #Bitcoin.
A standard 52-card deck can be arranged in 52! ways. That’s:
80,658,175,170,943,878,571,660,636,856,403,766,975,289,505,440,883,277,824,000,000,000,000
or roughly 8x10⁶⁷ possible shuffles. Hard to grasp?
Consider this:
⏱️ ~4.3x10¹⁷ seconds have elapsed since the Big Bang.
🧑🧑🧒🧒 ~100 billion humans have ever lived.
If every person shuffled a deck every second since the universe began, we’d still likely never see the same order twice.
Each thorough shuffle creates something entirely new. That’s the wonder of entropy.
So, how does this connect to Bitcoin?
This same improbability is what makes #Bitcoin secure.
When you create a Bitcoin wallet with a 24-word seed phrase, you’re selecting one out of:
115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936
possibilities, or ~1.1579x10⁷⁷. That’s exponentially larger than the deck’s shuffles.
To crack your wallet, someone would need to guess that exact sequence.
💪 Brute force? Useless.
🖥️ Supercomputers? Nope.
⏳ Time? Not enough.
It’s like picking one specific grain of sand from the entire universe… twice.
Bitcoin’s security doesn’t come from secrecy—it’s protected by being one choice among near-infinite possibilities.
Isn’t that elegant?
And get this: you can generate that level of security with something as simple as a six-sided die or, yes, a deck of cards.
If this doesn’t spark awe for the math behind #Bitcoin and its brilliant design, reread it. You’ll probably want to stack more satoshis.
Happy Sunday! 👋
HAPPY FUCKING BIRTHDAY @Bitman!
“If you commit to your work and study #Bitcoin, it might be the only economics you ever need to master.”
— @Tuur Demeestr
Just buying #Bitcoin is no longer enough for these corporations.
In this statement by Matt Cole, he explains that Strive is raising capital to BUY COMPANIES that have large cash reserves and…
… use their cash to buy Bitcoin. 🤯
Accelerating!
Did Coinbase buy Deribit? If anyone has details, let me know.
Two VERY important events for #Bitcoin coming up:
The next block
The next halving
Everything else is just noise.
Good night, Nostr! 😴
GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡
You know what’s as scarce as #Bitcoin?
Knowledge. 💡
So… shhh 🤫
Don’t spread it.
@jack mallers says, “Anyone who truly understands #bitcoin doesn’t just allocate 1% of their portfolio as a hedge.”
“For those who get it, bitcoin is the entire portfolio.”
Website that gave 5 bitcoins to each visitor will be revived by investor.
Charlie Shrem, founder of the #Bitcoin Foundation, announced this Sunday (4) that he will be reviving the first Bitcoin “faucet” in history. Originally created by Gavin Andresen, the site gave 5 bitcoins to each visitor back in 2010.
Using #Bitcoin via the Lightning Network to pay at SPAR, a European grocery chain 🇨🇭
@James Lavish explains how US Treasury Bonds are not strong collateral for borrowing against.
Sell Bonds. Buy #Bitcoin
GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡
The OP_RETURN drama just shows how MANY people don’t understand the basics of how #Bitcoin works.
Spoiler: you can’t stop arbitrary data storage on the timechain. Trying to do so might even make things worse.
Some people are saying it's possible to "filter" spam in the mempool.
Wrong. That’s unfeasible. Anyone saying that is either misinformed or acting in bad faith.
The mempool is just local policy. Who really decides what goes into a block are the miners.
Many blindly believe influencers without understanding the fundamentals:
#Bitcoin is a decentralized database designed to store data.
Financial transactions are one type of data — not the only one.
"But shouldn’t we prioritize financial transactions?"
Yes.
"But can we stop arbitrary data from going into the timechain?"
No.
"Are there good reasons to store arbitrary data on #Bitcoin?"
Absolutely.
L2s and scalability solutions depend on on-chain proofs.
That’s just data storage.
It doesn’t matter what your node accepts or not — miners are incentivized to include these transactions and profit from them.
Financial incentives are what drive the system. Period.
If you try to become a “Bitcoin™ Defender” by running software with crazy filters...
Guess what?
The transactions go straight to the miners (with extra fees)
Small miners get left behind
Mining centralizes
People will hide the data using steganography (and you won’t even notice)
Even worse: it discourages developers.
Few people work full-time on #Bitcoin already.
Imagine having to deal with drama and FUD just to propose a basic PR?
Fewer devs = slower progress = more risk = weaker #Bitcoin.
"But what about spam?"
#Bitcoin already has a built-in antispam: fees.
Don’t want to see JPEGs or zk-proofs?
Use real #Bitcoin: spend, self-custody, join the circular economy.
You know why “spam” increased so much?
Because most people stopped using #Bitcoin on-chain.
Today it’s all custodians: Strike, Wallet of Satoshi, Liquid…
Less usage = more free space = more arbitrary data on the timechain.
Want to fix it?
More real usage → more demand for block space → higher fees → less incentive to use Bitcoin as storage.
Simple. And effective.
Want to “save #Bitcoin”?
It’s not through filtering, censorship, or hysteria.
It’s through real usage, open source, economic incentives, and freedom.
#Bitcoin is neutral. And that’s a good thing.
"Anybody who has zero #Bitcoin is really missing the most asymmetric bet that I have ever seen."
— @Lawrence Lepard