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Steven Yang
stevenyang@getalby.com
npub1zet0...rzl6
Learning and building conviction with every block.
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stevenyang 2 years ago
This little thing came in the mail yesterday. Running a traditional miner at home isn’t feasible for me at the moment, but I’m happy to do whatever I can to support the most important protocol of our generation. Also, it’s great knowing that no matter how low the probability may be, there is a chance that I might get a valid block. Love the community that we have here. Tick-tock, next block! #bitcoin #nerdminer2 #plebchain image
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stevenyang 2 years ago
I will be migrating my #bitcoin from a ledger to a jade. Is there anything I should be watching out for? Should I set up a completely new set of seed phrases, or should I just recover using the ones I already have? Any advice would be greatly appreciated. Thanks!
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stevenyang 2 years ago
People think that just buy #bitcoin and you’re all good. Um…no. You gotta get your life on track too! You can’t just buy #bitcoin, still be a net consumer, and expect everything to just turn out fine. You have to get your personal finance in check and make sure to be a net producer. If not, sooner or later, you’ll be forced to sell your #bitcoin. image
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stevenyang 2 years ago
Vancouver finally feeling like summer. Go out and touch some grass y’all.
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stevenyang 2 years ago
One more quarter left. We’re in the final stretch of this #bitcoin epoch. image
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stevenyang 2 years ago
New governor, old tricks. You can’t taper a Ponzi.
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stevenyang 2 years ago
Looks like it’s safe to say that the next #bitcoin halving will be taking place some time next April. Wouldn’t it be nice if it happened on 420? 😉
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stevenyang 2 years ago
Found this on twitter from @HodlSouth LMAO image
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stevenyang 2 years ago
The two NBA games tonight man. What a night. I love this game.
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stevenyang 2 years ago
The fact that after 23 years, Gladiator still looks like a modern day movie shows how well made it was. image
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stevenyang 2 years ago
How come some posts can still be liked, but some can only be zapped? #nostr
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stevenyang 2 years ago
Home insurance premium went from $292 last year to $492 this year. When I asked why, they just said:“inflation.” This is getting ridiculous.
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stevenyang 2 years ago
The thesis for #bitcoin is simple: Whenever there is a crisis, the first thing that governments from all over the world will do is print money (dot com bubble, 2008 GFC, COVID, etc.). The reason they have to print is because our society is built on credit and debt, and the debt is collateralized by assets like treasuries, stocks, real estate, etc. When a crisis happens, the value of all collateral will tend to decrease (everyone will look to liquidate for cash). But since our financial system is leveraged up to the eyeballs, a sizeable decrease in the value of collateral will cause a cascading liquidation of all debt. We can’t have that because then the politicians will lose their jobs. In the end, all politicians will simply choose to kick the can down the road by printing money to cover the holes, and the cost of this money printing is the debasement of our money. Therefore, as long as this system continues to chug along, we can expect our money to be perpetually devalued. Since #bitcoin has an immutable monetary policy that will only ever produce 21 million #bitcoin, in the long run, we can expect its price to increase perpetually against currencies that are perpetually debased. In simple terms, #bitcoin is the ultimate anti-fiat.
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stevenyang 2 years ago
The hard truth is that most people will always choose the high time preference path first. Coming from a fiat mindset, they will opt to “invest” (gamble) with crypto scams, all in an effort to make more fiat. But when we really think about it, which crypto project has ever achieved what is promised in its white paper? People need to understand that #bitcoin works just like how money is supposed to work. It promises nothing but to be a replacement to the easily manipulated fiat currencies that we are forced to use today. When you truly understand #bitcoin, you’ll understand just how important this protocol is. #bitcoin is not crypto. It is simply another form of money that has an immutable monetary policy.