zach

🎵 Wake me up, when Rektember ends 🎵

Steak and Shake for the win

Scared money don't make money

SMASH SMASH SMASH THAT BUY BUTTON LFG

Awesome video, nostr:nprofile1qydhwumn8ghj7mn0wd68ytnndd5hgum09e382umfdejhxucpzfmhxue69uhhqatjwpkx2urpvuhx2ucqyp8mv9hedpd4s8va9hjja9u96e4083jd9w2wlrqxkjd0u9f6pn2ycy9ctef is a wealth of knowlege https://www.youtube.com/watch?v=dGo8RknGf1Y

sun steak steel sats

doth must stay humble and stack thy sats

Spend the money Print more Take profit Kinda genius if it wasn't so sinister

@warren buffett Bitcoin is rat poison; fiat is the rat

If Bitcoin fails I'll live in a van down by the river If Bitcoin succeeds I'll live in a *nicer* van down by the river

#plebchain #bitcoin #nostr #grownostr #asknostr A Fast Death in Inflationary Times: Part 2 (of 3) As the 2008 financial crisis unfolded, the government made a fateful decision, albeit one that only took what was already happening to an exponential level, resulting in what we see today. This decision was to bail out the banks, via Quantitative Easing, and socializing this cost to the taxpayers. You and me. Fast forward to present day, and the US government is on track to add $2 trillion dollars to the deficit just this year alone. To pay this back, it would not only require the government to balance its budget, but to actually create a surplus and allocate said surplus to deficit reduction (see the previous sentence, not happening). In addition, long term liabilities have built in a structural deficit for many decades to come. Do you see it yet? I’ll make it a little easier to understand and keep it mild. We’re fucked. And, adding insult to injury, it’s important to highlight that every new dollar printed continues to add to the Cantillion effect, basically meaning the rich get richer and the poor get poorer. Inflation is socialism that benefits the rich. We need a way out. And, as Jeff Booth would say, you can’t escape a system by looking within it. Where to turn? Bitcoin.

peak fiat summarized https://youtu.be/aGTFHiFgkRI?si=QLai3a5rWRea0ksl

"In it’s most extreme scenario, let’s take Venezuela as a crude example of where hyperinflation may lead us. During hyperinflation, stocks were the best performing in the world in relative nominal and percentage value. Unfortunately, it was cheaper to wipe your ass with the currency than using it to buy toilet paper." https://zachsbtcthoughts.substack.com/p/a-fast-death-in-inflationary-times #bitcoin #nostrplebs #grownostr

#plebchain #bitcoin #nostr #grownostr #asknostr Hello fellow Plebs! I cannot recommend highly enough the consultant services I received from nostr:npub1f7mpd7tgtdvpm8fdu5hf0pwkdteuvnftjnhccp45ntlp2wsv63xq6dank9! Although I don’t necessarily consider myself a beginner, I was seeking help in ensuring my setup was right the first time. In my scenario, for example, we set up a Sparrow wallet with multi-sig ColdCard setup and appropirate UTXO consolidation and management, among other various things I needed. As a true Bitcoiner, I can’t highly recommend enough the services I received from Bitcoinium. You can reach out here on Nostr nostr:npub1f7mpd7tgtdvpm8fdu5hf0pwkdteuvnftjnhccp45ntlp2wsv63xq6dank9 or by website: https://simsaa.live/contact/

No reason to reinvent Bitcoin: Part 2 To understand how Bitcoin can be thought of like the wheel, we have to go back to the beginning. Satoshi Nakamoto launched the Bitcoin protocol in January 2009 to provide a new monetary option that couldn’t be controlled or manipulated by untrustworthy third parties. To do this, the first need was to solve for the double-spend problem, thus removing the need for third party trust to reconcile transactions among two parties. This in itself is worthy of a Nobel prize. However, on it’s own, does not make Bitcoin analogous to the wheel. For a trust-less, computational based monetary system to work, it needs two key components that allow the protocol to operate. This forms the “wheel” that can be built upon and thus used in endless applications. These are: Decentralization – All nodes confirm transactions following the protocol rules at an average of every 10 minutes in the blockchain, creating one shared verifiable record among these thousands of record keepers (nodes) from the Genesis block to current day Security – Miners, through use of real world energy (electricity), are continuously incentivized via block rewards and transaction fees to secure the network through Proof of Work cryptographic hashing, thus achieving consensus among the decentralized nodes With the decentralized and secure protocol in place, the “wheel” has been created. With the wheel in place, subsequent layers and applications can be built on top, bringing an endless amount of value to humanity. Some of this we’ve seen already (examples Lightening, Liquid, Fediment), and many more are to come. It’s key to remember, the wheel was iterated and improved over thousands of years, and it will take time for the additional layers and applications to form, providing incredible value to humankind. Just as all cars have wheels; people, companies, and countries will choose the Bitcoin protocol to wheel their financial system to the 21st century and beyond. No one today questions why we use the wheel. In the future, Bitcoin will be so integrated into the financial system, no one will question or need to realize why it’s being used in the first place. There’s been no legitimate reason to date to reinvent the wheel. There’s no reason to reinvent Bitcoin. https://zachsbtcthoughts.substack.com/p/no-reason-to-reinvent-bitcoin-part

Part 1: No reason to reinvent Bitcoin How Bitcoin is analogous to the Wheel “No reason to reinvent the wheel.” Why do we say that? A couple weeks back I had a realization; breaking down to it’s fundamentals; Bitcoin as a monetary system is analogous to the wheel for transportation. Starting with the wheel, it must first be broken down to it’s most fundamental components to begin to understand why it’s a simplified protocol in physical representation. To call something a wheel, it must have two things: 1. A circular rim that rolls on a surface 2. an axle hole that allows it to rotate Without both, it’s not a wheel but fundamentally something else. With these two rules of the protocol in place, we now have the foundation for which a nearly limitless number of applications can be built upon, and improvements in society realized. In the wheel’s case, it was scaled and applied in endless use cases over thousands of years: ~3500 BCE: wheeled vehicles begin in Mesopotamia, marking it’s first known use in transportation ~3000-2000 BCE: the concept spreads to other cultures (Egypt, China) where its applications evolve for agriculture and militaristic uses ~2000-1000 BCE: the design is improved upon, examples being spokes and wheel hubs, increasing efficiency and durability ~1000 BCE-500 CE – innovations such as the chariot further expand utility for uses in transportation 18th-19th century – industrial revolution breaks through greatly expands the uses for wheels, such as trains, machinery, and steam powered engines Note: (one could refer to this period as the S curve in adoption) 20th century – cars, airplanes, industrial machinery expands use cases A couple key takeaways here: - The wheel is the underlying component existing through time and space - The applications built on top of the wheel allowed for endless inventions advancing human civilization It’s key also to note that it’s not the wheel alone providing the value. It’s only when it’s built upon is value realized. But removing the foundational wheel itself; no value is realized. Understanding this background, in Part 2 we’ll pivot the focus to Bitcoin. https://zachsbtcthoughts.substack.com/p/coming-soon

When nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe says we're in fold 34 and 50 folds would get us to the sun, here's what he means Here is the table showing the value of doubling starting from 1 over 50 iterations: | Iteration | Value | |-----------|----------------------| | 0 | 1 | | 1 | 2 | | 2 | 4 | | 3 | 8 | | 4 | 16 | | 5 | 32 | | 6 | 64 | | 7 | 128 | | 8 | 256 | | 9 | 512 | | 10 | 1024 | | 11 | 2048 | | 12 | 4096 | | 13 | 8192 | | 14 | 16384 | | 15 | 32768 | | 16 | 65536 | | 17 | 131072 | | 18 | 262144 | | 19 | 524288 | | 20 | 1048576 | | 21 | 2097152 | | 22 | 4194304 | | 23 | 8388608 | | 24 | 16777216 | | 25 | 33554432 | | 26 | 67108864 | | 27 | 134217728 | | 28 | 268435456 | | 29 | 536870912 | | 30 | 1073741824 | | 31 | 2147483648 | | 32 | 4294967296 | | 33 | 8589934592 | | 34 | 17179869184 | | 35 | 34359738368 | | 36 | 68719476736 | | 37 | 137438953472 | | 38 | 274877906944 | | 39 | 549755813888 | | 40 | 1099511627776 | | 41 | 2199023255552 | | 42 | 4398046511104 | | 43 | 8796093022208 | | 44 | 17592186044416 | | 45 | 35184372088832 | | 46 | 70368744177664 | | 47 | 140737488355328 | | 48 | 281474976710656 | | 49 | 562949953421312 | | 50 | 1125899906842624 |

*Absolute* scarcity is absolute

in honor or Bitcoin pizza day, had to make a pie from scratch. to save some sats of course :)