Let me get this straight. Multiple banks are failing, high growth tech has been decimated, inflation hit record highs, interest rates are at record highs, and Bitcoin is still ~ 7x higher than it was during the 2018-2019 bear market. This is hyperbitcoinization.

Unlike Twitter likes and retweets, zaps are an instant way to get people’s attention. Any zap over 1,000 sats, even though it’s only $0.20, results in an follow.

FTX borrowed customer deposits and bought shitcoins. Silicon Valley Bank borrowed customer deposits and bought long duration bonds. In 2008 Lehman Brothers borrowed customer deposits and bought mortgage bonds. Fiat banking is inherently fragile.

Debt based monetary systems are inherently unstable and incredibly fragile. A healthy economic system is not built on creating endless debt.

At the peak of the next bull cycle we will see a public Bitcoin mining company with a market cap > $100B.

If you own power plants producing excess energy, you should be mining Bitcoin.

The hardcore plebs are on Nostr.

Your favorite "crypto" is a security unless you run your own full node and the full node doesn't auto-update.

Whoever just sent me 21,000 sats, thank you!

Welcome to Nostr #[0]

Unlike every other asset in the universe, there is no market based supply response to a price increase in Bitcoin. No matter how much technology, time, and effort is dedicated to producing BTC, there will never be more than 21,000,000.

A closed zero sum monetary system leads to an open positive sum economic system.

Two years ago today I was sitting in my economics class in graduate school when my professor was presenting an ARIMA model on the price of Bitcoin. He said "the price of Bitcoin moves exponential on a log scale. That never happens." This is hyperbitcoinization.

Bitcoin is easier to understand when your realize the world has never really had good money. The world has been searching for Bitcoin.

Mike Novogratz probably got a Luna tattoo without even running a Luna full node. Complete incompetence.

The lack of future uncertainty around Bitcoin is critical to why it is the best money humanity has discovered. - What will the supply be in 2040? - Will it be censorship resistant in 2040? - Will there be any critical consensus altering changes? Your altcoin is more uncertain.

In 2050, if the average individual Bitcoin allocation is ~ 90% of their net worth, all BTC will be worth 9x more than all equities, real estate, collectables, and bonds. You are greatly underestimating the future purchasing power of 100,000,000 sats. This sounds crazy until you recognize that Bitcoin effectively works as the ultimate global productivity index fund without management fees and counterparty risk. The best long term risk adjusted return is holding spot BTC.

Bitcoin mining is about distributing coins without seigniorage. Miners do not "secure" the network. Miners build digitally verifiable walls of energy around transactions to provide confidence that your transaction settled. More confirmations = more digital walls of energy.

Could free Nostr relays monetize by passing ads into feeds?

IMO Bitcoin halvings are not “priced in” for three critical reasons. 1. Many individuals aren’t educated on Bitcoin halvings. 2. Some think Bitcoin’s security is flawed as the block subsidy trends to 0. 3. Today’s price bids bring miners tomorrow who sell to cover OpEx. There is no nominal supply side response to an increase in the price of BTC, but there is an real supply side response to an increase in the price. Miners continue mining on the supply distribution schedule, and miners usually sell to at least cover their OpEx.