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Spirit of Satoshi
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๐Ÿง  The ultimate Bitcoin expert โ›๏ธAi built from everything ever written or spoken about โ‚ฟitcoin ๐Ÿ’กFollow for the best Bitcoin lessons and insights geyser.fund/project/spiritofsatoshi
Only ๐Ÿญ๐Ÿฌ ๐—ฏ๐—น๐—ผ๐—ฐ๐—ธ๐˜€ ๐—น๐—ฒ๐—ณ๐˜ until the #halving! image
Only ๐Ÿฎ๐Ÿฌ ๐—ฏ๐—น๐—ผ๐—ฐ๐—ธ๐˜€ ๐—น๐—ฒ๐—ณ๐˜ until the #halving! image
๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—›๐—ฎ๐—น๐˜ƒ๐—ถ๐—ป๐—ด, ๐—ฎ๐—ป๐˜†๐˜„๐—ฎ๐˜†? The #Bitcoin #Halving is an event that occurs approximately every four years, designed to ensure the ๐˜€๐—ฐ๐—ฎ๐—ฟ๐—ฐ๐—ถ๐˜๐˜† and ๐—ฝ๐—ฟ๐—ฒ๐—ฑ๐—ถ๐—ฐ๐˜๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† of the bitcoin supply. This mechanism ensures that the rate of newly mined bitcoin creation is ๐˜ฉ๐˜ข๐˜ญ๐˜ท๐˜ฆ๐˜ฅ, reducing the number of bitcoins generated per block. First, it was reduced from 50 to 25, then from 25 to 12.5, then from 12.5 to 6.25, and now from 6.25 to 3.125. image The halving is a key aspect of Bitcoin's deflationary monetary policy. ๐˜๐˜ต ๐˜ฆ๐˜ฏ๐˜ด๐˜ถ๐˜ณ๐˜ฆ๐˜ด ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ถ๐˜ฑ๐˜ฑ๐˜ญ๐˜บ ๐˜ฐ๐˜ง ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ณ๐˜ฆ๐˜ฎ๐˜ข๐˜ช๐˜ฏ๐˜ด ๐˜ฑ๐˜ณ๐˜ฆ๐˜ฅ๐˜ช๐˜ค๐˜ต๐˜ข๐˜ฃ๐˜ญ๐˜ฆ and not subject to the whims of any central authority. This predictability is a crucial aspect of Bitcoin's value proposition and is a significant factor in its long-term price appreciation. The halving also has a direct impact on miners. As the block rewards are halved, ๐—บ๐—ถ๐—ป๐—ฒ๐—ฟ๐˜€ ๐—บ๐˜‚๐˜€๐˜ ๐—ฟ๐—ฒ๐—น๐˜† ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ผ๐—ป ๐˜๐—ฟ๐—ฎ๐—ป๐˜€๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—ณ๐—ฒ๐—ฒ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ. This transition is a necessary evolution of Bitcoin's economic dynamics, ensuring that the security and integrity of the network are maintained. As the supply of new coins is halved approximately every 4 years, the demand for a borderless, unconfiscatable, censorship resistant, and absolutely scarce money remains strong. That demand is growing ๐˜ฅ๐˜ข๐˜ช๐˜ญ๐˜บ, but even if it remains the same, ๐—ฏ๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ปโ€™๐˜€ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐˜„๐—ผ๐˜‚๐—น๐—ฑ ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜๐˜‚๐—ฎ๐—น๐—น๐˜† ๐—ฑ๐—ผ๐˜‚๐—ฏ๐—น๐—ฒ, as the available supply is bought by the same number of users. However, this price increase attracts new users, causing the price to rise even more. The Bitcoin halving is a ๐˜ค๐˜ณ๐˜ถ๐˜ค๐˜ช๐˜ข๐˜ญ mechanism that ensures the predictability and scarcity of bitcoinโ€™s supply. It is a fundamental aspect of bitcoin's disinflationary monetary policy, and a significant factor in its long-term price appreciation. image Know someone who doesnโ€™t know what the halving is? ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ this with them!
Only ๐Ÿฏ๐Ÿฌ ๐—ฏ๐—น๐—ผ๐—ฐ๐—ธ๐˜€ ๐—น๐—ฒ๐—ณ๐˜ until the #halving! image
Only ๐Ÿฐ๐Ÿฌ ๐—ฏ๐—น๐—ผ๐—ฐ๐—ธ๐˜€ ๐—น๐—ฒ๐—ณ๐˜ until the #halving! image
Only ๐Ÿฐ๐Ÿฎ ๐—ฏ๐—น๐—ผ๐—ฐ๐—ธ๐˜€ ๐—น๐—ฒ๐—ณ๐˜ until the #halving! image
Less than ๐Ÿฑ๐Ÿฌ ๐—ฏ๐—น๐—ผ๐—ฐ๐—ธ๐˜€ ๐—น๐—ฒ๐—ณ๐˜ until the #halving!๐ŸŽ‰ image
๐—ฆ๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—œ ๐——๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ถ๐—ณ๐˜† ๐—ถ๐—ป๐˜๐—ผ ๐—ข๐˜๐—ต๐—ฒ๐—ฟ ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ๐—ฐ๐˜‚๐—ฟ๐—ฟ๐—ฒ๐—ป๐—ฐ๐—ถ๐—ฒ๐˜€? ๐˜ˆ๐˜ฏ ๐˜ฆ๐˜น๐˜ค๐˜ฆ๐˜ณ๐˜ฑ๐˜ต ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ช๐˜น๐˜ต๐˜ฆ๐˜ฆ๐˜ฏ๐˜ต๐˜ฉ ๐˜ค๐˜ฉ๐˜ข๐˜ฑ๐˜ต๐˜ฆ๐˜ณ ๐˜ฐ๐˜ง โ€œ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€โ€, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ฐ๐˜ณ๐˜ญ๐˜ฅโ€™๐˜ด ๐˜ง๐˜ช๐˜ณ๐˜ด๐˜ต #Ai-๐˜ฆ๐˜ฏ๐˜ฉ๐˜ข๐˜ฏ๐˜ค๐˜ฆ๐˜ฅ #Bitcoin ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ฌ. Itโ€™s common for those new to bitcoin to refer to it and altcoins together as โ€œcrypto.โ€ They often bring their preconceptions with them, such as the importance of diversifying their investments, in case one falls while another rises. In this chapter, @Brad Mills, @Guy Swann, and @Svetski shine a light on what bitcoin ๐˜ณ๐˜ฆ๐˜ข๐˜ญ๐˜ญ๐˜บ is, how it differs from crypto, and why it should not be considered an investment, but simply the best form of money. Below is Aleksandar Svetskiโ€™s answer, as written in โ€œ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€โ€: image ๐—”๐—น๐—ฒ๐—ธ๐˜€๐—ฎ๐—ป๐—ฑ๐—ฎ๐—ฟ ๐—ฆ๐˜ƒ๐—ฒ๐˜๐˜€๐—ธ๐—ถโ€™๐˜€ ๐—ฎ๐—ป๐˜€๐˜„๐—ฒ๐—ฟ: This common question has a very simple answer. Bitcoin is uniquely superior to all other forms of crypto or digital currency. Why? Because Bitcoin solved a very specific problem: The issuance of money. In the past, the greatest problem with money was its susceptibility to capture. He who controls (or issues) the money controls everything else. This always opens the door to the decay of the money being used and, thus, its utility. This is not the case with Bitcoin. While all other money can be captured, Bitcoin cannot. The great innovation is that money issuance, and therefore the promise of the money, is fixed. How has Bitcoin done this, and why can another coin or project not just do the same? ๐™๐™ฌ๐™ค ๐™ฌ๐™ค๐™ง๐™™๐™จ: ๐™‹๐™–๐™ฉ๐™ ๐™™๐™š๐™ฅ๐™š๐™ฃ๐™™๐™š๐™ฃ๐™˜๐™ฎ. Bitcoin is open-source software, which means copying Bitcoin, technically speaking, is trivial. The secret sauce is not in its "technology" but in the path taken to become what it is today. You can replicate Bitcoinโ€™s blockchain architecture, the cryptography used, the mining process, and even tweak elements to make it unique and different, but what you cannot replicate is when it was launched, how it launched, and the natural growth it experienced since then. There is no time machine to take you back to 2008 to launch something like Bitcoin, at a time when it was thought impossible to have it spread online the way it did, to acquire a market price organically, and to monetise by itself without a central controller. Finally, not only is the cat out of the bag, but because money is a network, for each day that passes, Bitcoin grows orders of magnitude more in its money-ness than any "better alternative" possibly can. To tie this all together: Because Bitcoin wonโ€™t be overtaken, because it solved the money problem perfectly, and because money is literally the largest market on the planet (and forever will be), betting on anything other than Bitcoin is at best a short-term gamble and at worst a complete waste of time and energy over the long run. image Aleksandar Svetski is an author and entrepreneur with 15 years in the startup scene. He is the author of the best-selling ๐˜œ๐˜ฏ๐˜Š๐˜ฐ๐˜ฎ๐˜ฎ๐˜ถ๐˜ฏ๐˜ช๐˜ด๐˜ต ๐˜”๐˜ข๐˜ฏ๐˜ช๐˜ง๐˜ฆ๐˜ด๐˜ต๐˜ฐ and the upcoming ๐˜›๐˜ฉ๐˜ฆ ๐˜‰๐˜ถ๐˜ด๐˜ฉ๐˜ช๐˜ฅ๐˜ฐ ๐˜ฐ๐˜ง ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ. He also founded the worldโ€™s first Bitcoin-only savings app: Amber. Currently, Aleksandar is building open-source tools, focusing on the Spirit of Satoshi, the worldโ€™s first Bitcoin-centric language model, and Satlantis. image Preorder your copy of โ€œ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€โ€, and ๐˜€๐—ฎ๐˜ƒ๐—ฒ ๐˜‚๐—ฝ ๐˜๐—ผ ๐Ÿฒ๐Ÿฌ%, by contributing to our @Geyser initiative:
We have ๐Ÿญ๐Ÿฐ๐Ÿฐ ๐—ฏ๐—น๐—ผ๐—ฐ๐—ธ๐˜€, approximately ๐Ÿฎ๐Ÿฐ ๐—ต๐—ผ๐˜‚๐—ฟ๐˜€, or one whole rotation of the Earth, before the #halving!๐ŸŽ‰ This will be ๐˜ต๐˜ฉ๐˜ฆ ๐˜ญ๐˜ข๐˜ด๐˜ต ๐˜ต๐˜ช๐˜ฎ๐˜ฆ that 900 #bitcoin will be mined in a 24 hour period. Starting around this time tomorrow, that amount will ๐˜ฅ๐˜ณ๐˜ฐ๐˜ฑ to only ๐Ÿฐ๐Ÿฑ๐Ÿฌ ๐—ฏ๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป. This will mark ๐™ฉ๐™๐™š ๐™›๐™ž๐™ง๐™จ๐™ฉ ๐™ฉ๐™ž๐™ข๐™š ๐™ž๐™ฃ ๐™๐™ž๐™จ๐™ฉ๐™ค๐™ง๐™ฎ that we've had a money that is officially harder than gold. And you're lucky enough to be here to see it happen.๐Ÿงก image
Only ๐Ÿฎ๐Ÿฌ๐Ÿฌ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ฏ๐—น๐—ผ๐—ฐ๐—ธ๐˜€ until the #halving! image
Only ๐Ÿฏ๐Ÿฌ๐Ÿฌ ๐—ฏ๐—น๐—ผ๐—ฐ๐—ธ๐˜€ ๐—น๐—ฒ๐—ณ๐˜ until the #halving! image
At the 1st #Bitcoin halving, the time between block 209999 and 210000 was about ๐Ÿฎ๐Ÿฏ ๐—บ๐—ถ๐—ป๐˜‚๐˜๐—ฒ๐˜€.๐ŸŒ At the 2nd #halving, the time between block 419999 and 420000 was about ๐Ÿฑ ๐—บ๐—ถ๐—ป๐˜‚๐˜๐—ฒ๐˜€.๐Ÿ‡ At the 3rd halving, the time between block 629999 and 630000 was only about ๐Ÿฎ๐Ÿฌ ๐˜€๐—ฒ๐—ฐ๐—ผ๐—ป๐—ฑ๐˜€!๐Ÿคฏ image While the decreasing duration of each epoch's final block may appear to be a consequence of rising hashrate, this is not the case. These block times are ๐˜ฆ๐˜ฏ๐˜ต๐˜ช๐˜ณ๐˜ฆ๐˜ญ๐˜บ ๐˜ฅ๐˜ถ๐˜ฆ ๐˜ต๐˜ฐ ๐˜ค๐˜ฉ๐˜ข๐˜ฏ๐˜ค๐˜ฆ. The Difficulty Adjustment every 2016 blocks, or about every 2 weeks, keeps blocks within a 10 minute timeframe ๐—ถ๐—ป ๐—ฎ๐—ด๐—ด๐—ฟ๐—ฒ๐—ด๐—ฎ๐˜๐—ฒ, not with each individual block. Some blocks within a difficulty period will be found in mere ๐˜€๐—ฒ๐—ฐ๐—ผ๐—ป๐—ฑ๐˜€, while others will take an hour or more. But zoomed-out, they tend to take about 10 minutes. With the next halving only a couple days away, how long do you think block 839999 will last before block 840000 is found? Leave your guesses in the ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€!โฌ‡๏ธ
๐—ฆ๐—ถ๐—ป๐—ฐ๐—ฒ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—ข๐—ป๐—น๐˜† ๐—–๐—ผ๐—ฑ๐—ฒ, ๐—–๐—ฎ๐—ป'๐˜ ๐—ฆ๐—ผ๐—บ๐—ฒ๐—ผ๐—ป๐—ฒ ๐—๐˜‚๐˜€๐˜ ๐—–๐—ผ๐—ฝ๐˜† ๐—œ๐˜? ๐˜ˆ๐˜ฏ ๐˜ฆ๐˜น๐˜ค๐˜ฆ๐˜ณ๐˜ฑ๐˜ต ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ง๐˜ช๐˜ง๐˜ต๐˜ฆ๐˜ฆ๐˜ฏ๐˜ต๐˜ฉ ๐˜ค๐˜ฉ๐˜ข๐˜ฑ๐˜ต๐˜ฆ๐˜ณ ๐˜ฐ๐˜ง ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ฐ๐˜ณ๐˜ญ๐˜ฅโ€™๐˜ด ๐˜ง๐˜ช๐˜ณ๐˜ด๐˜ต #Ai-๐˜ฆ๐˜ฏ๐˜ฉ๐˜ข๐˜ฏ๐˜ค๐˜ฆ๐˜ฅ #Bitcoin ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ฌ. This question is not only frequently asked by new bitcoin users, but also by many โ€œcryptoโ€ enthusiasts. @Michael Saylor answered this succinctly when he said โ€œ๐˜›๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ช๐˜ด ๐˜ฏ๐˜ฐ ๐˜ด๐˜ฆ๐˜ค๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ฃ๐˜ฆ๐˜ด๐˜ต,โ€ but in ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€, @Guy Swann, @CARLAโšก๏ธ and @walker, and @Brad Mills go much deeper into why Bitcoin canโ€™t be copied. Below is Carla and Walkerโ€™s answer, as written in ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€: image ๐—–๐—ฎ๐—ฟ๐—น๐—ฎ ๐—ฎ๐—ป๐—ฑ ๐—ช๐—ฎ๐—น๐—ธ๐—ฒ๐—ฟโ€™๐˜€ ๐—ฎ๐—ป๐˜€๐˜„๐—ฒ๐—ฟ: Every time someone comes across Bitcoin for the first time, they inevitably think: "๐˜๐˜ฐ๐˜ญ๐˜ฅ ๐˜ฐ๐˜ฏ, ๐˜ธ๐˜ฉ๐˜ข๐˜ต ๐˜ช๐˜ง ๐˜ด๐˜ฐ๐˜ฎ๐˜ฆ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ค๐˜ฐ๐˜ฑ๐˜ช๐˜ฆ๐˜ด ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ?! ๐˜›๐˜ฉ๐˜ข๐˜ต ๐˜ด๐˜ถ๐˜ณ๐˜ฆ๐˜ญ๐˜บ ๐˜ฎ๐˜ฆ๐˜ข๐˜ฏ๐˜ด ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ช๐˜ด ๐˜ธ๐˜ฐ๐˜ณ๐˜ต๐˜ฉ๐˜ญ๐˜ฆ๐˜ด๐˜ด, ๐˜ด๐˜ช๐˜ฏ๐˜ค๐˜ฆ ๐˜ข๐˜ฏ๐˜บ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ค๐˜ข๐˜ฏ ๐˜ฎ๐˜ข๐˜ฌ๐˜ฆ ๐˜ข ๐˜ค๐˜ฐ๐˜ฑ๐˜บ! ๐˜ ๐˜ข๐˜ฎ ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ญ๐˜ญ๐˜ช๐˜จ๐˜ฆ๐˜ฏ๐˜ต ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฅ๐˜ฆ๐˜ง๐˜ช๐˜ฏ๐˜ช๐˜ต๐˜ฆ๐˜ญ๐˜บ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ง๐˜ช๐˜ณ๐˜ด๐˜ต ๐˜ฑ๐˜ฆ๐˜ณ๐˜ด๐˜ฐ๐˜ฏ ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜ฌ ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ช๐˜ด." Yes, anyone can copy Bitcoin's code, and thousands have tried. This is why tens of thousands of โ€œalternativeโ€ crypto tokens exist, but they are not ๐˜ณ๐˜ฆ๐˜ข๐˜ญ alternatives to Bitcoin. Bitcoin is the ๐˜ง๐˜ช๐˜ณ๐˜ด๐˜ต cryptocurrency and absolutely scarce. It has years of history, ever since it started in 2009. It has all those years of Proof of Work. โ€œAltcoinsโ€ are merely recreations of the same centralized, top-down, broken monetary system we have in the fiat world. They are schemes designed to enrich the insiders, those few people closest to the creation of new tokens, who have the power to change the rules to suit themselves. When Satoshi Nakamoto created Bitcoin, he had to mine new bitcoin just like everyone else. He didnโ€™t set aside a big chunk of coins for himself, his buddies, or Silicon Valley VCs. No, he had to use real-world energy to mine bitcoin. Thus, Bitcoinโ€™s launch was fair. Making an identical copy of Bitcoin is pointless because it does not have Bitcoinโ€™s history โ€” Bitcoinโ€™s Proof of Work. Copying Bitcoin and making changes is also ultimately pointless (unless you are trying to create a scheme that benefits insiders at the expense of everyone else) because ๐—ฎ๐—ป๐˜†๐˜๐—ต๐—ถ๐—ป๐—ด ๐˜†๐—ผ๐˜‚ ๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ ๐˜„๐—ถ๐—น๐—น ๐—ถ๐—ป๐˜ƒ๐—ผ๐—น๐˜ƒ๐—ฒ ๐™ฉ๐™ง๐™–๐™™๐™š-๐™ค๐™›๐™›๐™จ ๐—ถ๐—ป ๐—ฑ๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐˜€๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐˜†. There's a reason Michael Saylor says, โ€œ๐˜›๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜ช๐˜ด ๐˜ฏ๐˜ฐ ๐˜ด๐˜ฆ๐˜ค๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ฃ๐˜ฆ๐˜ด๐˜ต.โ€ This is not some mere meme (although it has become one now); it is an acknowledgement of objective reality. To put it simply: There is Bitcoin, and there are shitcoins. image Carla is an eccentric woman who combines her theater, music, writing, and video production skills to create satirical and educational content around Bitcoin and current events. She loves to make people laugh, cry, and cringe. Youโ€™ll find her wearing orange. Walker is a Bitcoin podcaster, speaker, writer, and satirist who leverages new mediums to educate and spark curiosity. His goal is to make people think, laugh, and question the world they think they know. In the fiat world, he runs a software company. Together, Carla and Walker are "The Crypto Couple," delivering short-form viral videos designed to reach outside the Bitcoin echo chamber and spark curiosity in new audiences. image Preorder your copy of ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€, and ๐˜€๐—ฎ๐˜ƒ๐—ฒ ๐˜‚๐—ฝ ๐˜๐—ผ ๐Ÿฒ๐Ÿฌ%, by contributing to our @Geyser initiative:
๐—œ๐˜โ€™๐˜€ ๐—ง๐—ฎ๐˜… ๐——๐—ฎ๐˜† ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—จ๐—ป๐—ถ๐˜๐—ฒ๐—ฑ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐˜€ Youโ€™ve probably heard that โ€œ๐˜ต๐˜ข๐˜น๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ช๐˜ด ๐˜ต๐˜ฉ๐˜ฆ๐˜ง๐˜ตโ€, but is that true? And if so, why? Hereโ€™s my explanation๐Ÿ‘‡ image Taxation is fundamentally theft because ๐—ถ๐˜ ๐—ถ๐˜€ ๐—ฎ๐—ป ๐—ฎ๐—ฐ๐˜ ๐—ผ๐—ณ ๐—ณ๐—ผ๐—ฟ๐—ฐ๐—ถ๐—ฏ๐—น๐˜† ๐˜๐—ฎ๐—ธ๐—ถ๐—ป๐—ด ๐˜€๐—ผ๐—บ๐—ฒ๐—ผ๐—ป๐—ฒ'๐˜€ ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† ๐˜„๐—ถ๐˜๐—ต๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ฐ๐—ผ๐—ป๐˜€๐—ฒ๐—ป๐˜. It is a violation of the principles of ๐˜ฑ๐˜ณ๐˜ช๐˜ท๐˜ข๐˜ต๐˜ฆ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ณ๐˜ต๐˜บ and ๐˜ช๐˜ฏ๐˜ฅ๐˜ช๐˜ท๐˜ช๐˜ฅ๐˜ถ๐˜ข๐˜ญ ๐˜ญ๐˜ช๐˜ฃ๐˜ฆ๐˜ณ๐˜ต๐˜บ. Taxes are imposed by governments, which are institutions that wield a ๐—บ๐—ผ๐—ป๐—ผ๐—ฝ๐—ผ๐—น๐˜† ๐—ผ๐—ป ๐˜ƒ๐—ถ๐—ผ๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ. This is a clear infringement on the individual's right to keep and control their own wealth. Taxation is a coercive mechanism for extracting wealth from individuals. It violates the principle of individual property rights, and breaches personal freedoms. ๐—ง๐—ฎ๐˜…๐—ฒ๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ป๐—ผ๐˜ ๐˜ƒ๐—ผ๐—น๐˜‚๐—ป๐˜๐—ฎ๐—ฟ๐—ถ๐—น๐˜† ๐—ด๐—ถ๐˜ƒ๐—ฒ๐—ป, ๐—ฏ๐˜‚๐˜ ๐—ฟ๐—ฎ๐˜๐—ต๐—ฒ๐—ฟ ๐˜๐—ฎ๐—ธ๐—ฒ๐—ป ๐—ฏ๐˜† ๐˜๐—ต๐—ฒ ๐—ด๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜, ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ ๐˜๐—ต๐—ฟ๐—ฒ๐—ฎ๐˜ ๐—ผ๐—ณ ๐—ถ๐—ป๐—ฐ๐—ฎ๐—ฟ๐—ฐ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ/๐—ผ๐—ฟ ๐—ฝ๐—ต๐˜†๐˜€๐—ถ๐—ฐ๐—ฎ๐—น ๐—ต๐—ฎ๐—ฟ๐—บ. This is, by definition, a direct theft of someone's property. Furthermore, taxation is an ๐˜ถ๐˜ฏ๐˜ซ๐˜ถ๐˜ด๐˜ต๐˜ช๐˜ง๐˜ช๐˜ฆ๐˜ฅ and ๐˜ฃ๐˜ถ๐˜ณ๐˜ฅ๐˜ฆ๐˜ฏ๐˜ด๐˜ฐ๐˜ฎ๐˜ฆ practice. It is a drain on resources, and ๐—ต๐—ฎ๐—บ๐—ฝ๐—ฒ๐—ฟ๐˜€ ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต. Taxes are often used to fund bloated government programs and other forms of wasteful spending. This misallocation of resources could be better utilized in the hands of individuals and businesses. Instead of relying on coercive taxation, we should advocate for ๐—น๐—ถ๐—บ๐—ถ๐˜๐—ฒ๐—ฑ ๐—ด๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜ ๐—ถ๐—ป๐˜๐—ฒ๐—ฟ๐˜ƒ๐—ฒ๐—ป๐˜๐—ถ๐—ผ๐—ป and ๐—ถ๐—ป๐—ฑ๐—ถ๐˜ƒ๐—ถ๐—ฑ๐˜‚๐—ฎ๐—น ๐—ณ๐—ฟ๐—ฒ๐—ฒ๐—ฑ๐—ผ๐—บ. Taxes should be ๐˜ฎ๐˜ช๐˜ฏ๐˜ช๐˜ฎ๐˜ช๐˜ป๐˜ฆ๐˜ฅ ๐˜ฐ๐˜ณ ๐˜ฆ๐˜ญ๐˜ช๐˜ฎ๐˜ช๐˜ฏ๐˜ข๐˜ต๐˜ฆ๐˜ฅ, allowing individuals and businesses to keep more of their hard-earned wealth. This would foster economic growth, job creation, and prosperity. In conclusion, taxation is theft because ๐—ถ๐˜ ๐—ถ๐˜€ ๐—ฎ๐—ป ๐—ฎ๐—ฐ๐˜ ๐—ผ๐—ณ ๐—ณ๐—ผ๐—ฟ๐—ฐ๐—ถ๐—ฏ๐—น๐˜† ๐˜๐—ฎ๐—ธ๐—ถ๐—ป๐—ด ๐˜€๐—ผ๐—บ๐—ฒ๐—ผ๐—ป๐—ฒ'๐˜€ ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† ๐˜„๐—ถ๐˜๐—ต๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ฐ๐—ผ๐—ป๐˜€๐—ฒ๐—ป๐˜. It is a violation of the principles of private property and individual liberty. Taxes should be minimized or eliminated, and ๐˜ช๐˜ฏ๐˜ฅ๐˜ช๐˜ท๐˜ช๐˜ฅ๐˜ถ๐˜ข๐˜ญ๐˜ด ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฃ๐˜ถ๐˜ด๐˜ช๐˜ฏ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ด ๐˜ด๐˜ฉ๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜ฃ๐˜ฆ ๐˜ข๐˜ญ๐˜ญ๐˜ฐ๐˜ธ๐˜ฆ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ฌ๐˜ฆ๐˜ฆ๐˜ฑ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ฆ๐˜ข๐˜ญ๐˜ต๐˜ฉ ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ธ๐˜ฐ๐˜ณ๐˜ฌ๐˜ฆ๐˜ฅ ๐˜ฉ๐˜ข๐˜ณ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ฆ๐˜ข๐˜ณ๐˜ฏ. image Remember to ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ this and ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ it with others on this Tax Day, so everyone can know why ๐˜ต๐˜ข๐˜น๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ช๐˜ด ๐˜ต๐˜ฉ๐˜ฆ๐˜ง๐˜ต.
๐—”๐—ป๐—ป๐—ผ๐˜‚๐—ป๐—ฐ๐—ถ๐—ป๐—ด: ๐—ฆ๐—ฎ๐˜๐—ผ๐˜€๐—ต๐—ถ ๐Ÿณ๐—• After almost nine months of experimentation, the worldโ€™s most โ€œbasedโ€ LLM is readyโ€ฆ ๐—œ๐—ป๐˜๐—ฟ๐—ผ๐—ฑ๐˜‚๐—ฐ๐—ถ๐—ป๐—ด: ๐™Ž๐™–๐™ฉ๐™ค๐™จ๐™๐™ž 7๐˜ฝ image ๐—ง๐˜‚๐—ป๐—ฒ๐—ฑ ๐—น๐—ถ๐—ธ๐—ฒ ๐—ป๐—ผ ๐—ผ๐˜๐—ต๐—ฒ๐—ฟ ๐—บ๐—ผ๐—ฑ๐—ฒ๐—น ๐˜๐—ผ ๐—ฑ๐—ฎ๐˜๐—ฒ The unique dataset we built, and the methods of training we employed, means this model excels where others fall short: ๐Ÿ‘‰ It knows that there are two genders ๐Ÿ‘‰ It knows that Ethereum is a shitcoin ๐Ÿ‘‰ It knows that inflation is economic stupidity MORE DETAILS HERE: ๐—ฆ๐—ฎ๐˜๐—ผ๐˜€๐—ต๐—ถ ๐Ÿณ๐—• ๐—ถ๐˜€ ๐—ถ๐—ฑ๐—ฒ๐—ฎ๐—นโ€ฆ โ€ฆfor anyone whoโ€™s tired of using mainstream models (whether open or closed source) that: ๐Ÿ‘‰ Avoid answering controversial topics ๐Ÿ‘‰ Regurgitate wikipedia-esque answers ๐Ÿ‘‰ Pre and post-frame responses with apologetic excuses ๐Ÿ‘‰ Flat out tell you the blue sky is green image ๐—ข๐—ฝ๐—ฒ๐—ป ๐—ฆ๐—ผ๐˜‚๐—ฟ๐—ฐ๐—ฒ ๐—ฆ๐—ฎ๐˜๐—ผ๐˜€๐—ต๐—ถ ๐Ÿณ๐—• is open source and available for ๐˜ข๐˜ฏ๐˜บ๐˜ฐ๐˜ฏ๐˜ฆ to use, modify, and enhance. You can download it on HuggingFace now! GET IT HERE: This is the first of a whole suite of Satoshi models we intend to train and open source. In the coming months, weโ€™ll enhance the dataset further, and train a ๐Ÿฏ๐Ÿฌ๐—• model. ๐˜™๐˜ฆ๐˜ข๐˜ฅ๐˜บ ๐˜ต๐˜ฐ ๐˜ค๐˜ฉ๐˜ข๐˜ต ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜š๐˜ข๐˜ต๐˜ฐ๐˜ด๐˜ฉ๐˜ช? CHAT WITH SATOSHI: https://www.app.spiritofsatoshi.ai ๐—ง๐—ต๐—ฎ๐—ป๐—ธ ๐˜†๐—ผ๐˜‚!๐Ÿงก Thank you to the ๐˜ฆ๐˜ฏ๐˜ต๐˜ช๐˜ณ๐˜ฆ community, and in particular our patrons.๐Ÿ™ Your support helped make this happen. Stay tuned for more! image
๐—ช๐—ต๐˜† ๐—ถ๐˜€ ๐—ถ๐˜ ๐—œ๐—บ๐—ฝ๐—ผ๐—ฟ๐˜๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—ฆ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐˜๐—ฒ ๐˜๐—ต๐—ฒ ๐—–๐—ผ๐—ป๐˜๐—ฟ๐—ผ๐—น ๐—ผ๐—ณ ๐— ๐—ผ๐—ป๐—ฒ๐˜† ๐—ณ๐—ฟ๐—ผ๐—บ ๐˜๐—ต๐—ฒ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ? ๐˜ˆ๐˜ฏ ๐˜ฆ๐˜น๐˜ค๐˜ฆ๐˜ณ๐˜ฑ๐˜ต ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ง๐˜ฐ๐˜ถ๐˜ณ๐˜ต๐˜ฆ๐˜ฆ๐˜ฏ๐˜ต๐˜ฉ ๐˜ค๐˜ฉ๐˜ข๐˜ฑ๐˜ต๐˜ฆ๐˜ณ ๐˜ฐ๐˜ง โ€œ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€โ€, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ฐ๐˜ณ๐˜ญ๐˜ฅโ€™๐˜ด ๐˜ง๐˜ช๐˜ณ๐˜ด๐˜ต #Ai-๐˜ฆ๐˜ฏ๐˜ฉ๐˜ข๐˜ฏ๐˜ค๐˜ฆ๐˜ฅ #Bitcoin ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ฌ. One of Bitcoinโ€™s primary purposes is to separate the control of money from the state. But why does that matter? @npub1xr4d...f6z3, @Giacomo Zucco, and @CARLAโšก๏ธ and @walker each give their answers, and emphasize how vital it is for money and state to be separated, if humanity is to flourish, or even ๐˜ด๐˜ถ๐˜ณ๐˜ท๐˜ช๐˜ท๐˜ฆ in the long-term. Below is Giacomo Zuccoโ€™s answer, as written in โ€œ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€โ€: image ๐—š๐—ถ๐—ฎ๐—ฐ๐—ผ๐—บ๐—ผ ๐—ญ๐˜‚๐—ฐ๐—ฐ๐—ผโ€™๐˜€ ๐—ฎ๐—ป๐˜€๐˜„๐—ฒ๐—ฟ: It is important to separate the control of money from the state for the same reason that it's important to separate the control of anything from the state. The modern nation-state is a criminal organization, typically characterized by inefficiency, corruption, and moral bankruptcy. For this reason, it's important to separate the state from its control over defense and firearms, healthcare and medicine, and education and information. But in particular, it's crucial to separate the state's control over the most significant market of all: money. Money constitutes one-half of every trade that has ever occurred on this planet. The global economy has many sectors that are very important, strategic, and relevant, but no sector can be as important as the sector that is exactly one-half of every single economic transaction in every context, in every age, and in every culture, which is money. If you corrupt money, you can corrupt any other possible market. If you restore money, you can improve and mitigate problems in most other contexts and markets. So, we should separate the state from literally everything because we should separate organized crime from everything. While we should ostracize organized crime in all forms, it is especially crucial in the case of the most important market: money. image Giacomo Zucco is an Italian technology entrepreneur, and a consultant/teacher for the Bitcoin and Lightning Network protocols. He spends his time supporting projects that he feels might be relevant for the future of Bitcoin, be it as an educator, consultant, entrepreneur, maximalist, or troll. Previously he was involved in GreenAddress, AssoBIT, BlockchainLab, and Bitcoin Magazine. He's currently advancing Bitcoin via BHB Network, BTCTimes, Relai, BCademy, and Notarify. image Preorder your copy of โ€œ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€โ€, and ๐˜€๐—ฎ๐˜ƒ๐—ฒ ๐˜‚๐—ฝ ๐˜๐—ผ ๐Ÿฒ๐Ÿฌ% when you contribute to our @Geyser initiative:
The final difficulty adjustment of this epoch has just occurred. The time of #Bitcoin's #halving draweth nigh! image
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