Good days start with good dads!

POS centralizes wealth over time. POW distributes wealth over time. Percentage of Wealth Held by Top 1%, by Year: - 1990: 23.5% - 1995: 28.2% - 2000: 27.9% - 2002: 25.6% - 2004: 27.4% - 2006: 28.9% - 2008: 28.4% - 2010: 28.3% - 2012: 29.6% - 2014: 30.6% - 2016: 31.0% - 2018: 30.7% - 2020: 30.7% - 2022: 32.3%

Update in Core Scientific Ch 11 proceedings: Currently trading around .30. Can they emerge from bankruptcy at these Bitcoin prices? https://cases.stretto.com/public/X217/12024/PLEADINGS/1202404112380000000008.pdf

Bitcoin is becoming a political tool to tap generate social interest for candidates. This is how it starts, and soon the tail will wag the dog. 🟠🟣🙏🧨

A man’s got to realize what is happening, what has to be done, and he has to do it, all in the same moment. - L’amour

There are a lot of bitcoiners

Trump is going to town on the dollar

A Bitcoin standard classifieds website built on Nostr and lightning called Satisfieds would be cool and a circular bitcoin economy. 👀🟣🟠

Is anyone working on personal analytics for Nostr users? I think that’s an important feature. It’s awesome that we get to take everything that works and apply it to a better foundation. The second mouse gets the cheese.

Gold is John the Baptist in this story. Few understand this. 🟠

They wanted to break us during Covid but they made us strong instead.

Nostr trending 👀🟣

“Our currency is crashing and will soon no longer be the world's standard. Which will be our greatest defeat, frankly, in 200 years.” Trump just now from Mar-a-lago. Bitcoin anyone?

Nostr feels like it matured about 6 months in one week. Wow.

My pa used to say that when corruption is visited upon the cities of men, the mountains and the deserts await him. The cities are for money but the high-up hills are purely for the soul Louis L’amour

Buying Bitcoin  is like staking land in the New World before everyone else knew they wanted it. It’s digital real estate on a monetary network that everyone will eventually use to store a portion of their wealth at the very least.

El Salvador President to eliminate all taxes on income, property, and capital gains for technology innovations.

Is Core Scientific going to emerge from Ch 11 bankruptcy? On Dec 14, B Riley wrote an open letter to shareholders laying out a plan for a 72 million dollar loan that could help Core avoid Ch11 bankruptcy. https://seekingalpha.com/pr/19056150-b-riley-financial-issues-open-letter-to-core-scientific-investors “Our analyst, Lucas Pipes, has been following Core Scientific since February 10, 2022.  Based on his model, adjusted for current metrics, even at a Bitcoin price of $18,000, Core Scientific can generate Adjusted EBITDA of ~$140 million.  Additionally, if the company builds out the Denton, Texas facility for an incremental $40 million of capital, that could add an additional $25 million of EBITDA, resulting in a run rate EBITDA of ~$165 million.  On top of that, every $1,000 increase in the price of Bitcoin would likely add up to $20 million of EBITDA—meaning that if the price of Bitcoin were to increase to $20,000, Adjusted EBITDA could be over $200 million on a run-rate basis.  If Bitcoin prices return to $24,500, we estimate that Core Scientific will generate nearly $275 million of Adjusted EBITDA to service creditors.” Worth reading the letter. Core did end up filing Ch 11 bankruptcy. On Feb 3 a group of equity holders asked the court to form an official committee they claimed would provide “critical input with respect to valuation and negotiating Chapter 11 plan terms on behalf of equity.” The group said that Core Scientific is solvent, and that given the recent rally in bitcoin prices and the improvement of energy markets, “the value available for equity is increasing.” On March 1st, B. Riley’s DIP loan was approved and the equity committee was also approved. The equity group represents 69 million shares. Insiders hold 107 million shares of the appx 369 OS.

Yahoo Finance

Core Scientific Bankruptcy Approves $70M Financing Deal From B. Riley

The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.

In the filings for the approval of the committee: “The Debtors, their advisors, and the Special Committee of Independent Directors of the Debtors’ Board of Directors (the “Special Committee”)3 are keenly aware of the Debtors’ duties to all stakeholders, including equity holders. After careful consideration and deliberation, the Special Committee determined that the appointment of an Official Equity Committee with a limited scope and Budget is appropriate at this time for two primary reasons. First, rising bitcoin prices and lower energy costs suggest the Debtors may be solvent (and, at the very least, are not “hopelessly insolvent”).” And in the official response: “At the same time, one of the Debtors’ most significant operating costs – utilization of power to operate their mining facilities – has declined steadily since the Petition Date as underlying fuel costs have generally decreased.6 Higher bitcoin prices, lower power costs, and other developments have all served to improve the Debtors’ prospects since filing. The marketplace’s interest in providing the Debtors debtor-in-possession financing in late January further evidences the Debtors’ improved financial prospects since the Petition Date. The Debtors received four new DIP financing proposals in January versus just one from the Ad Hoc Noteholder Group (as defined below) in December7” 11. “If current conditions continue to improve, it is likely that the Debtors are not “hopelessly insolvent,” and plausible that the Debtors are solvent” https://cases.stretto.com/public/X217/12024/PLEADINGS/1202402252380000000010.pdf Bitcoin was $23,000 at this time. $CORZQ is currently trading at .30 with a market cap of around 70 to 100 million. They’re mining 45 to 50 BTC a day (posted daily on twitter). If they can emerge from Ch 11 the share price should be significantly repriced when compared to other public miners as I believe they are the largest publicly traded miner by hash rate. Any insights are welcome. This is not intended to be advice in any way shape or form. Just though I’d try out Nostr for some crowdsourced DD. PV 🟣🟠🙏

Get rid of the 🤙 ⚡️ only will make this experience revolutionary. 1 sat at a time.