Time to stack some more pet rocks

Disqualifying knowledge and experience you know nothing of is a closed mindedness that is usually founded in fear, stubbornness, ignorance or general conviction. It is never based on understanding because that requires study. I've never met anyone who wasn't adamant about #Bitcoin who had actually studied it. Same goes for psychedelics, and many other fields of research.

Go touch snow.

When you get (read: sell) a mortgage, you sell a contract to the issuer that states how much interest you'll pay for how many years and how much you get paid in full for selling the contract. Let's say you get a $100k mortgage at 5% for 20 years, you get paid $100k and the issuer gets $256k spread over 20 years in interest plus the original $100k. That means $100k new money is created, and the $256k needs to come from somewhere. Guess what? That also needs to get borrowed, by someone at some point. New money creation at interest means exponentially more money creation in the future. This is the mathematical reality of a credit system.

Exponential growth is difficult to really understand, people are generally stubborn in their preference for linear thinking. This graph is why I think it will take 3 more years until nobody will sell any #bitcoin for any amount of dollars.

GM psychos. Just #Nostr along, like #Rita

The #Bitcoin #hashrate represents the enterprise of finding unmonetized potential energy to turn that into bitcoin. The total addressable market of potential energy is infinite. Bitcoin is monetizing infinity. Bitcoin is a direct representation of potential #energy, measurable in kWh. The dollar denominated price of bitcoin is just a temporary measure, sensitive to hype and sentiment. Miners are repricing energy measured in bitcoin, or vice versa, as rational entrepreneurs.

Bitcoin development will pay for itself, it is denominated in sats. View quoted note →

The real reason why it doesn't make sense to denominate #Bitcoin in dollars is that there will be a day that no Bitcoin is available for sale for any dollar amount. That will be the tipping point, when the price goes to infinity. Start getting a feel for the price per Bitcoin denominated in barrels of oil.

I'm receiving an average of 20 calls per day, of which all but a few of them are scammers or miscalls by routing mistakes. I had a smoother and faster internet connection 10-15 years ago than I do now. I no longer have the ability to call my provider and must dialogue online with a retarded chat bot. The quality of services is deteriorating at scale.

ETF expectation: institutions adopting the paradigm of hodling. ETF reality: traders trading the ETF at the first sign of marginal profit.

Dear Gary, somebody else has your nsec. In fact, nobody on X owns their own nsec.