Fantastic podcast View quoted note →

@STACI making a post to tip for podcast with Josh

1 bitcoin = 1 bitcoin, of course. But 1 bitcoin also equals 1/450th of 1 day (there are currently 450 bitcoin mined per day). That means 1 bitcoin = 0.0533 hours. Or 1 bitcoin = 3.2 minutes. But these time equivalents double every 4 years. This means there is a point in the future where 1 bitcoin = 1 day, 1 week, 1 year, your age, etc. But it’ll a while…9 more halvings before 1 bitcoin > 1 day.

My 2 bitaxes bring in about 100 sats per day. At a cost of about double what the market rate of sats is. At this rate, it’ll be a long time before I get in to positive territory, and will never do better than just having bought the sats directly, but it’s fun.

If you don’t buy bitcoin today, you’ll be working for someone who did tomorrow…brought to you via Opti…28:45… @Robin Seyr @NICO⚡️ is Opti even on nostr?

My best guess is that bitcoin will be worth $21M in 26 years. If you had 2% of your annual income in bitcoin today, you’d have a savings of 4x annual salary in the year 2051. Might be the best 2% gamble one could make ever.

Hypothesis: the solve the unintended discharge problems of the p320, do something to prevent unusually large downward movement of the sear…sear springs with larger minimum length or long cylindrical posts for the sear springs to ride on to set max downward travel of sear would do the trick. Alternatively, tabbed safety in the trigger to prevent lifting firing pin safety lever would also fix half the problem. Removing the posterior leg of the sear will solve the other half of the problem. Even more of a radical redesign would be to make the rearward movement of tve trigger supply the required for to overcome the trigger disconnect safety that the manual external safety provides. ** Do note, the external manual safety lowers the trigger bar to achieve safety because even if the trigger were pressed to the rear, it won’t cause the sear to fall. The external manual safety also has a dummy mechanical blocking mechsnism to keep the trigger from moving rearward too…this prevents trigger bar from engaging firing pin safety lever which could still happen even with the trigger bar pushed so far down it can’t operate the sear. My best guess is failure of imagination is the only reason why sig can’t see how uncommanded discharges could be prevented.

If we assume bitcoin continues following its long established price trend for 26 more years, bitcoin will be worth $21M per coin in the year 2051. That would be an average annual compound growth rate of 22.3%, but most of that will be front loaded… If one assumes this really does happen, what would one rationally pay today for a bitcoin that will be worth $21M in 2051? Well, we need to assume a risk free rate. Let’s try 2%, 4%, 7%, and 13% RFR 2%, bitcoin would be $12.5M RFR 4%, bitcoin would be $7.6M RFR 7%, bitcoin would be $3.6M RFR 13%, bitcoin would be $875,000 With 30-year treasuries at 4.821%, one bitcoin today would be wisely bought at or below $6.17M assuming future bitcoin price of $21M in the year 2051. Thus we conclude market assigns a 1.84% chance of bitcoin reaching this price (Current price divided by fair present value)…1 in 54 ain’t bad odds, but I think the market has it all wrong.

lol…it looks like I still have 2000 XRP from the 2013 giveaway of tiny fractions of the 100 Billion ripples that they made for themselves….but of course they hosted the wallet and they don’t host the wallets any more. Glad I sold almost all of my XRP for btc back in the day.

Aussie bitcoiners are badass. If you’ve never been to a @bitcoinbushbash https://bitcoinbushbash.info, you are really missing out. How does one get to a bush bash? It takes work. These are not held in easy to get to places with the intent of keeping the riff-raff out…and it works. Sure, it takes proof of work to get there, but the quality of the hearts and minds present is second to none. So, how do you get to a Bush Bash? Do you need an invite, like Satoshi Roundtable (which I’ve been to twice and it was great)? Nope. Do you need a $3,000 VIP BTC Prague ticket (been there, done that)? Nope. Do you need to register? Nope! Just show up. If you can get there, you’re almost certainly legit. Reminds me of a bigger version of the hyper local bitcoin bitcoin meetup I went to in Minneapolis in 2013…same energy and same curiosity and enthusiasm. Busselton, WA – Fri 31st Oct → Sun 2nd Nov – Shelter Brewery Parkes, NSW – Fri 28th → Sun 30th Nov – Cooke Park Pavilion Also, meat in Australia is beyond good. Their beef is as good as US beef, but their lamb is far far better…and of course kangaroo as a delicacy is beyond delicious, even if a little hard to come by. If anyone wants to go to Palm Cove in 2026, shoot me a message. I want to bring my wife and kids next year.