Ferenc Kovács's avatar
Ferenc Kovács
ferenckovacs@primal.net
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Creating value in hospitality, precast concrete, and property management. Member of @HuszonegyWorld, founder of @BitcoinMiskolc. #bitcoin
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ferenckovacs 1 year ago
Monday morning run is done—mostly uphill today. It’s a new week and soon a new year. Remember, wishes alone aren’t enough. You have to act, deliver, and make it happen. What will you wish for on New Year’s Eve, and what are you willing to achieve? Share with #2025Goals!
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ferenckovacs 1 year ago
As an entrepreneur responsible for the livelihood of hundreds, I often reflect on what would happen if Bitcoin’s price dropped significantly. A true leader must face reality and reflect on it. I’m responsible for what I tell others, and no matter what happens, we have to die on this hill. 💪 We’ve already hosted a three-day conference on Bitcoin at Bitcoin Miskolc (@bitcoinmiskolc). I’ve gifted Bitcoin to nearly 100 people, many of whom bought some themselves—just because they heard about it from me. It’s incredible to see the impact of sharing knowledge. 🌍 Bitcoin has taught me so much about the world—about society, the economy, IT security, the credit bubble, and how monetary systems work. This journey has been more than an investment; it’s been an education. 📚 Whatever the future holds for Bitcoin, I’m convinced it’s an opportunity for humanity to steer society in a better direction—toward nature and real progress. 🌱 That’s why I keep moving forward, head held high, teaching and explaining Bitcoin to others. It’s not just about Bitcoin—it’s about understanding the problems of the world we live in. 🚀 #Bitcoin #Leadership #BitcoinEducation #Community #Hope #ChangeTheWorld
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ferenckovacs 1 year ago
GM ☀️ bitcoiners 🫡 Finished my Sunday morning #workout! A solid 30 minutes focusing on core and stabilizing muscles. This was the 8th session out of 20 as part of a challenge I took on in a club: 20 workouts by mid-January. Looks like I’ll exceed the goal—daily movement is the plan! Have a great Sunday! ☀️ image
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ferenckovacs 1 year ago
The EU is back with more attacks on our freedom. 🛑 Their 2025 MiCA and Travel Rule regulations are just another step to control and surveil our financial lives. These tools of control, disguised as “transparency,” aim to micromanage Crypto Asset Service Providers (CASPs), which include any exchange or platform facilitating crypto transactions. The Travel Rule forces exchanges to collect and share private data about Bitcoin users, compromising privacy and financial freedom. Here’s what you need to know: • Below €1000: You’ll need to self-declare address ownership. • Above €1000: Proof of address ownership is mandatory, either by sending a small deposit back to the exchange or signing a message with your private key. This compliance theater is not about protection—it’s surveillance. But while we live under these nonsensical rules, we can prepare and adapt with a smart approach. 1️⃣ Create a dedicated Taproot wallet for KYC transactions. Taproot wallets (bc1p addresses) provide improved efficiency, lower costs, and robust security. Use wallets like @nunchuk_io or @sparrowwallet to generate these addresses. 2️⃣ Use this wallet exclusively for withdrawals from KYC exchanges. 3️⃣ Immediately transfer funds to a separate cold storage wallet to keep your sats safe. This strategy minimizes risks, keeps your KYC Bitcoin organized, and maintains a clear separation from non-KYC funds. Looking ahead, a firmware update for @COLDCARDwallet will soon enable Taproot wallets on hardware devices, allowing fully offline security for self-custody. Until then, wallets like Nunchuk and Sparrow are reliable hot wallet options for short-term transactions. And remember: if you buy Bitcoin peer-to-peer, none of these rules apply. No one will ask you why you’re sending Bitcoin or to whom. This is the power Bitcoin gives us: financial freedom without permission. 💪 As an entrepreneur, I embrace Bitcoin in my businesses. In fact, we operate the first hotels in Hungary that accept Bitcoin for payments: • @HotelAuroraHU • @HotelAtlantisHU I always encourage other entrepreneurs to lead the way. Don’t wait for customers to demand Bitcoin acceptance—take the first step and show them the value of freedom money. 🌟 #Bitcoin #Taproot #FreedomMoney image
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ferenckovacs 1 year ago
Help me out with this, #NerdMiner @nerdminerstore guys! I placed my order several months ago, but I got stuck at step 0. I’m unable to connect to the miner because the password is incorrect. I’ve already flashed the new firmware, but I’m still having the same issue. image
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ferenckovacs 1 year ago
Are you all in on the outfit? Do you need a lot of clothes or just one? ONE. 😂😂 We posed for a photo with Saylor both in Madeira and Prague. It didn’t hit me until now that we were wearing the exact same outfit both times.
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ferenckovacs 1 year ago
2024 – A Year of Growth and Bitcoin Commitment 2018 marked the beginning of my #Bitcoin journey, and 2024 became a year of transformative growth. International Experiences In February, I attended the Bitcoin Atlantis conference in Madeira, meeting inspiring figures like @jack mallers , @Michael Saylor , @Jeff Booth , and @James Lavish . In June, I delivered two presentations at @BTC Prague , representing the Hungarian #Bitcoin community on an international stage. Educating and Learning In May, I joined the Bitcoin Educators Academy, hosted by Amity Age, where I learned how to teach Bitcoin effectively with seven peers. Special thanks to @Dusan Matuska for his exceptional guidance. First Bitcoin Hotels in Hungary This year, the Hotel Aurora and Hotel Atlantis became the first hotels in Hungary to accept #Bitcoin payments, marking a major milestone for us. Organizing Bitcoin Miskolc In October, we hosted Hungary’s first three-day Bitcoin Miskolc conference, bringing together over 200 attendees passionate about Bitcoin. Community Leadership As an admin of the Hungarian @Huszonegy group, I’m proud to see our community grow to 400+ members. Weekly podcasts and engaging discussions have strengthened our shared mission. Business Leadership I had the honor to present Bitcoin at the Trust Summit, hosted by Hungary’s Bizalmi Kör. Sharing Bitcoin fundamentals with the country’s top business leaders was a unique opportunity to showcase its potential. Personal Statement Every trip this year, whether personal or professional, included my Bitcoin-branded cap. “Wear your statement” became a personal motto, symbolizing my commitment to #Bitcoin. 2024 has been a year of learning, growth, and sharing my passion for Bitcoin. The journey continues in 2025 with the next Bitcoin Miskolc Conference in Hajdúszoboszló. 🚀
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ferenckovacs 1 year ago
Traditional market analysts frequently predict that #Bitcoin’s price could reach $250,000 by 2025. But what would it take to get there? 🤔 Digital assets, like movies, music, or photos, have already proven they can replace traditional solutions faster than anyone expected. Could the future of money follow the same path? If Bitcoin’s total value reaches $20 trillion, 1 BTC would be worth $1 million. 🪙💡 Have a great evening!
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ferenckovacs 1 year ago
Is #Facebook #shadow-banning content about #Nostr? My post has been pending for more than 20 minutes. image
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ferenckovacs 1 year ago
One Bitcoin is currently worth $98,000, but you can buy as little as 1/100,000,000 of a Bitcoin. This means even your spare change—$0.10, $0.20, or $1—can be converted into Bitcoin. 1.5 years ago, I started saving with Revolut, which automatically converted my spare change (10x rounded-up amounts) into Bitcoin. I don’t know exactly how much I’ve saved in dollars, but the Bitcoin I purchased is now worth over $3,000. In the attached image, you’ll see Bitcoin’s original price in Hungarian currency (HUF): 9.5 million HUF for 1 Bitcoin. Today, that’s 39 million HUF (~$98,000). My first $0.30 purchase? It’s now worth $1! #Bitcoin image
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ferenckovacs 1 year ago
Did they predict the future in 1996? In 1996, an American magazine predicted what prices would look like 30 years later, and they were remarkably accurate. Meanwhile, in 1994 Hungary, the most advanced mobile phones cost 78,000 HUF, while the average salary was around 22,000 HUF. Today, top-tier phones cost 600,000-800,000 HUF, and the skilled worker minimum wage is roughly ten times higher than the 1994 average salary. On the surface, it seems we’re still working the same amount to afford the latest phones. But what’s the problem? The problem is inflation. Over time, money loses its value. If you saved some money in 1996 to give to your grandchildren for their wedding, today that money would only be worth a fraction—about one-tenth. Good money doesn’t just balance out immediate exchange rates; it must also retain value over time. Gold did this fairly well for thousands of years because it’s inherently scarce and costly to mine. It doesn’t corrode, even in salty seawater, and doesn’t erode when exposed to air. Its physical properties make it durable, while its scarcity ensures its value. The need for harder money Imagine your daily wage is five scoops of ice cream. 🍦 You can either enjoy it immediately or exchange it for something more durable. But if you want to pass on value to your children or save for future needs, you’d have to keep trading it for something harder. The problem with fiat money is that it forces you to do this repeatedly. You must work for your money once, and then work again to convert it into something that won’t lose its value over time. #Bitcoin solves this problem by being the hardest money ever created. Why #Bitcoin? Bitcoin has a fixed supply of 21 million coins. It’s a perfect digital monetary tool, fulfilling all three functions of money: • 🟢 Transactional: It can be used for global payments. • 🔵 Unit of account: It measures value reliably. • 🟠 Store of value: Immune to inflation, it maintains purchasing power over time. Bitcoin is indestructible. Since it exists as digital data stored and audited by hundreds of thousands of independent nodes worldwide 24/7, it cannot be destroyed by environmental forces. This makes it an unshakable foundation for a modern monetary system. The real sustainability issue We often hear that sustainability is about producing goods with lower CO₂ emissions. But real environmental protection is about not producing things we don’t need in the first place. 🌍 Because fiat money loses value, people are forced to store their wealth in physical assets like real estate. But do we really need a tenth investment property just to protect against inflation? The production and maintenance of these assets come at a massive environmental cost. #Bitcoin provides a sustainable solution: it allows wealth to be stored digitally without the need for resource-intensive assets, paving the way for a more sustainable future. 🌱 #Inflation #Money #Sustainability
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ferenckovacs 1 year ago
#7pmWorkout It’s just you and your decisions—every time. image
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ferenckovacs 1 year ago
#3amRUN It’s not about luck or destiny; it’s about what you focus on, the decisions you make, and the actions you take. image
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ferenckovacs 1 year ago
“You can’t break me because the struggle made me.” I didn’t start working out because someone made me. I started because I wanted to give more to my family, my daughter, and our newborn son. I wanted to give them a father who is capable, mentally strong, and deep in heart—a father they can look up to. Today’s #3amWorkout and #4amRUN is just one step. Another struggle that I’m conquering this morning.
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ferenckovacs 1 year ago
At the end of our lives, we won’t remember how much we slept, but rather the memories we made, what we achieved, and who we shared those moments with. Rest is important, but let’s not forget to fully live our lives and make our dreams come true. #motivation #health #mindfulness https://x.com/ferenckovacs/status/1830446467481301284
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ferenckovacs 1 year ago
#3amWorkout and #4amRUN to kick off the week this Monday morning. The sun hasn’t even woken up yet. #PoW
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ferenckovacs 1 year ago
#Satoshi and me ☺️😂 I’m really proud that this statue is here in Hungary, and it fills me with great pride that it was erected in our country, tying this honor to Hungary 🇭🇺 #Hungary #Budapest #Bitcoin *morning sun was brutal 😂 View quoted note → image
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ferenckovacs 1 year ago
#3amWorkout and #4amRUN. Have a great Thursday 🙏🏻 I’ll grab some water and then head to the highway to #Budapest for a meeting. But before that, I’ll visit a special place that 99% of #Bitcoin plebs will recognize 🥹😉 Try to guess where I’m going :)