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Mind Your Own ₿itcoin⚡️
MYOBTC@BitcoinNostr.com
npub1xwjh...wdjs
∞/21M ₿itcoin, do the maths
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MYOBTC 5 months ago
First USD Value On October 5, 2009, the New Liberty Standard platform established the first exchange rate for #Bitcoin against the US dollar. This calculation was based on the cost of electricity needed to mine one bitcoin. The result was 1 USD for 1309.03 BTC, a value that is astonishing today but had little economic meaning at the time. This milestone was the first attempt to assign a monetary value to #Bitcoin beyond its utility as a software tool. It opened the door for people to begin seeing #Bitcoin not only as a technological experiment but also as an asset with exchange potential. Although the value was minuscule, it was the first step in its transformation from an idea to a commodity. Establishing this symbolic exchange rate was a crucial moment in #Bitcoin's history, as it marked the transition from the 'hobby project' phase to the 'financial asset' phase. Although it was not yet a liquid market, this event laid the groundwork for the creation of exchanges and the subsequent development of the cryptocurrency trading ecosystem. Source:
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MYOBTC 5 months ago
Fiat Currency noun FEE-at KUHR-uhn-see A government-issued currency not backed by a physical commodity. Bitcoiners view fiat currencies as fundamentally flawed due to their unlimited supply, susceptibility to inflation, and centralized control. The ability to create fiat currency at will is seen as a form of hidden taxation and wealth redistribution. "The US dollar, euro, and yen are all fiat currencies subject to debasement over time, while #Bitcoin offers a decentralized, hard-capped supply alternative immune to arbitrary expansion."
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MYOBTC 5 months ago
Friendly reminder 10 years ago today, #Bitcoin was $280 image
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MYOBTC 5 months ago
#Bitcoin closed July at $115,750 .. another monthly close ath! -- PlanB image
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MYOBTC 5 months ago
Optional Passphrases (Advanced Security Feature) and Seed Storage
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MYOBTC 5 months ago
How is a Multisig Address Created?
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MYOBTC 5 months ago
New Record #Bitcoin Hashrate 921,000,000,000,000,000,000x per second image
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MYOBTC 5 months ago
“This is the dream of de-politicizing money.” #Bitcoin’s freedom from politics is its true strength. -- Nick Szabo
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MYOBTC 5 months ago
Public companies now hold nearly 900,000 Bitcoin, up 35% in just one quarter image
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MYOBTC 5 months ago
The number of public companies holding 1,000+ BTC has steadily increased: 24 at the end of Q1 2025, 30 at the end of Q2, and 35 so far into Q3 image
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MYOBTC 5 months ago
#Bitcoin SUM S -> Store of value U -> Unit of account M -> Medium of exchange
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MYOBTC 5 months ago
Australia APPROVED Bitcoin as collateral for a Mortgage image
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MYOBTC 5 months ago
Andreas explains #Bitcoin's future in one minute, back when it was $200