A strategic reserve is interesting, but is anyone working on legislation that upgrades VA and Social Security payments to bitcoin? Issuing fiat money to veterans and seniors undermines the spirit of genuine care and respect.

My latest article, which I’m looking for feedback on: The retrofuturistic renaissance: A return to quality, beauty, and virtue https://tomhonzik.com/articles/retrofuturistic-renaissance

I can't wait to get a Post Chevron Deference vehicle

One of the wildest and most impressive bitcoin transactions I've ever seen, presumably by @b10c

The Mempool Open Source Project®

Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.

I didn’t know about these “portals” but I like the idea, would be cool to have more of these around the world imo View quoted note →

Who has a good resource for me to learn about the gobbledygook characters found in the OP_RETURNS of most coinbase transactions? And/or the gobbledygook characters found on the right side of the famous genesis block code display (along with “chancellor on brink..”) I’m not even sure how best to Google this.

It appears I have two separate wallets linked to this nostr profile. One from my NIP5 with Alby and one created automatically from Primal. Trying to decide which one to keep and how best to consolidate. Any suggestions?

It's okay to be sentimental about a notebook that says "buy bitcoin". It's okay to be sentimental about satoshis that can be traced back to the coinbase transaction in block 840,000. If ViaBTC was able to identify the ASIC that mined block 840,000 and auctioned it off to someone who was sentimental, that'd be okay too.

During the ETF approval process, the Securities and Exchange Commission tasked their research department with learning the details about bitcoin. The researchers were so impressed by bitcoin's mechanisms that they decided to go against Gensler's direction, and secretly participate in the network directly. To this day the SEC mining pool retains 1% of the hashrate.

If you thought the moon temporarily eclipsing the sun was a cool, rare event: Keep an eye out tomorrow, when you can watch live as bitcoin permanently eclipses gold in terms of stock-to-flow ratio, officially dethroning the commodity leader for millennia. Like the solar eclipse, we could predict this event many years in advance, because bitcoin has transparent and reliable rules which could be compared to the laws of physics.

1 year is not always a great measure of progress towards someone’s low time preference goals. 4 year #bitcoin halving cycles can be much better. Time to reflect: where were you last halving? Where do you want to be next halving (2028)? What are your New Epoch Resolutions?

It’s quite possible that at some point we see a coordinated effort by the establishment and mainstream media to convince the public that the cryptography protecting bitcoin is no longer secure or highly vulnerable. Not because it’s true, but as a last-ditch effort to lower prices for the old guard to scoop up. This could be one of the hardest tests for the hodlers. Only those who have learned to deeply mistrust the media, and/or have internalized the binary outcome of bitcoin vs. dystopia (willing to hold no matter what & prepared to go down with the ship), may emerge unscathed.

My latest article: Seven deadly psychological hurdles to reaching bitcoin maximalism https://tomhonzik.com/articles/seven-deadly-hurdles

Shoutout to all of the people that predicted ATHs before the halving, months ago when for many that was hard to imagine.

Wow the bitcoin price recovery over night is the most surprising price action I’ve seen in a long while. Really fascinating

Who is Satoshi Nakamoto? A reflection on Atlas Shrugged https://tomhonzik.com/articles/atlas

Ok, I’d support CTV.

Can someone help me understand why they think it's a good idea to soft fork bitcoin every few years, introducing cool new tech but also the risk of unintended consequences (or consequences intended only by bad actors)? Doesn't seem worth it to me. What are we on pace for, 25+ soft forks over the next century? Does that sound like a good idea? What could go wrong?

I'm guessing it's easier to convince several countries to officially adopt bitcoin together at once, than it is to convince one country to join in at a time. What if @npub1jan3...x52y is not just named that way because of the genesis block date, but also as a way of publicly reaching consensus among countries interested in adopting bitcoin? "Don't try to delay it or sit on the fence, the game plan is January 3rd, participate or don't." Just a conspiracy theory to get extra bullish in the last few weeks of the year ;)

To help protect yourself from high #bitcoin  txn fees on a relative basis, a common recommendation is to deposit to your wallet in 1M+ sat increments (for legacy wallets and script multisig wallets, the number should be higher). Ordinals and non-economic transactions change the math. The assumption was, that as fee rates rise, smaller UTXOs would be priced out of being spent, because it would make no economic sense (they would approach “operative dust”). This creates an equilibrium effect, where fee rates can’t go beyond a certain level for a sustained period of time. Blockspace is scarce, but so is bitcoin itself, and large value UTXOs even more so. However, if people find value in paying higher fees to move a UTXO than what it’s actually worth, such as for inscription trading and similar things, the earlier assumption is incorrect. This means fee rates could go “higher for longer” than what some people were anticipating. 1M sat UTXOs could be insufficient for the fee protection you’re looking for. What’s the right number, then? It depends on an individual’s preferences and predictions, but in the linked article, I provide the math to help you calculate it. unchained.com/blog/small-utx… If people begin to need to make wallet deposits of, say, 2M+ sats to protect themselves from fees, that’s already $800+ per deposit. If the price of bitcoin goes above $100k, we could be talking thousands of dollars to simply make a reasonably sized deposit to on-chain self custody. This consideration exists regardless of non-economic transactions, but they certainly speed up the relevancy. We may be approaching a point where even most middle class people in the western world become priced out of using bitcoin on-chain. This was expected to happen but I’m not sure people are expecting it as soon as it could happen (next bull cycle?). Do we currently have 2nd layer tools to use bitcoin off-chain, that provide adequate UX, trust minimization, and security?