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jtown
jtown@getalby.com
npub1vkkl...kcvn
Pleb consuming pleb slop hand over fist
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jtown 10 months ago
I think alot of people approach bitcoin and the whole idea of it with the same "diversification" attitude commonly used in index investing. "Bitcoin won't be the only winner here, diversify!" Leads to buying different shitcoins and drinking the kool-aid of different "use-cases". "Bitcoin has THAT use-case but shitcoin XYZ has THIS use-case!" Without an understanding of Austrian Economics or even grasping fundamental properties of how blockchains work it's easy to fall for this logic. The fight bitcoin is fighting is the individual vs collective. Freedom vs Tyranny. The features it refuses to give up is decentralization and censorship resistance. The reason individuals will trust bitcoin over everything is because of these features. If your shitcoin traded off the decentralization and censorship resistance of the network for transaction speed and ability to adapt faster to market trends. It is no longer long term trustworthy. Individuals will not trust it, therefore it is doomed.
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jtown 10 months ago
Remember EOS? LMAO holy fuck those thieves made out like bandits. Took 164,000 BTC from a shitcoin offering then ignored the project like a "happy birthday" text from a ex. Will go down in history of shitcoin scams. Shitcoiners are only here to separate you from your hard earned bitcoin.
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jtown 10 months ago
I genuinely don't give a fuck about on-boarding new people to bitcoin. I'd rather mock people who are already here until they run a full node and solo mine at home.
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jtown 10 months ago
Out of the planB situation I'm in shock the government of Netherlands has a wealth tax of roughly 2% per year. That is fucking INSANE. The shit currency FORCES you to invest into risk assets. Then they ASSUME you made 6% ROI. Then they demand you pay 30% of your ASSUMED ROI. PEAK clown world shit. Probably coming to a country near you.
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jtown 10 months ago
When Executive Order 6102 for bitcoin? Since everyone wants big brother to get a strategic reserve, don't be susurprised when your ETF and coinbase custody BTC are added to it. Self custody or get rekt Only a matter of time Few
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jtown 10 months ago
"AI" is the most overhyped talking point. The biggest load of bullshit since "global warming". Every video I watch on it or someone "using" it i come away totally unimpressed. Show me AI that can do REAL and PRODUCTIVE work. A robot that can dry wall ceiling and install level cabinets. That can plant and tend to a field of crops. Can't. All the hype about replacing jobs in the last 15 years and all we got was self scanners at grocery stores and kiosk check outs inside McDonalds. Fucking pathetic.
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jtown 10 months ago
Just got done reading The Mandibles. Man what a fun book. Don't often read fiction but that had me hooked. Binged it in two days The different opinions of characters on why the economy was falling apart felt so realistic to what normies would spew. Definitely recommend.
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jtown 10 months ago
What is the maximum network difficulty of bitcoin in the future? Current: 114.17 T How many multiples of current hashrate would we need to hit that? What block in BTC history has the lowest block hash value (or highest difficulty)? -2 year old article points to one in 2020 (height 634,842) that had 23 starting zeros. Have we beat that? If the bitcoin blockchain adjusts difficulty every 2016 blocks and changes the difficulty based on a "two week" ideal target, how does the blockchain understand time? Where is it getting the input of time from? Is the input of time decentralized? Just some questions running through my head right now. Zaps to anyone who answers any of these.
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jtown 10 months ago
Not only is inflation a hidden tax that steals individuals time and energy. It forces individuals to invest into bonds, securities, metals, real estate, or even collectibles. All to hopefully keep up in purchasing power terms. The fucked up part is that individuals then get taxed on the gains of those assets when they sell them. Not only using a hidden tax to force investment, but then taxing that investments nominal gain regardless of gain in purchasing power. Modern day slavery.
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jtown 10 months ago
If you buy MicroStragety stock instead of buying self custody bitcoin... CONGRATS you are retarded.
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jtown 10 months ago
If TRUMP increases TARIFFs without eliminating income tax he did NOTHING but INCREASE taxes. My whole opinion of his presidency will be if he successfully eliminated income tax. (+Ending the FED = πŸ‘). Otherwise we all just got fooled into accepting MORE TAX. My rating of his first term is not good (obviously better than lib collectivists)
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jtown 10 months ago
If you took the cov-aids vaccine you a punk ass bitch who bent the knee when it mattered the most. Look in the mirror and know deep down you're a huge fucking pussy.
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jtown 10 months ago
If you claim bitcoiner but don't run a node. FUCK YOU you PUSSY ASS BITCH. Dead to any real ass MF. All bark no bite. SMH don't drop the soap Lil boy
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jtown 10 months ago
I don't think many people can understand the transition from interest rate fiat environment to a hard money bitcoin world. Fiat makes people chase interest, dividends, price appreciation, to keep up while their money slowly loses value. With Bitcoin the asset appreciation in purchasing power terms is built into its scarcity. Just holding is enough to transport purchasing power into the future. Trying to earn "yield" on BTC is playing fiat world games. People will continue to learn this lesson the hard way going forward.
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jtown 11 months ago
I wonder how many total Nostr users there are. Active users and inactive users. Does anyone know? I'll zap any legit response
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jtown 11 months ago
If I ever hit a solo block I'm inking the block number on my neck 😀 Satoshi willing πŸ™
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jtown 11 months ago
Friendly reminder only 21,272 bitcoiners are running full nodes. Let's get these rookie numbers up!!! Don't just talk about it, be about itttt image
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jtown 11 months ago
All time highs vs current price of πŸ’©coins: ETH (14.2M sats vs 3.1M sats) -78% XRP (22.4k sats vs 2.9k sats) -87% SOL (411k sats vs 231k sats) -44% BNB (1.89M sats vs 665k sats) -65% DOGE (1.2k sats vs 325 sats) -73% ADA (6.9k sats vs 916 sats) -87% TRON (1.3k sats vs 242 sats) -81% LINK (158k sats vs 23.5k sats) -85% XLM (5.7k sats vs 397 sats) -93% HBAR (1k sats vs 309 sats) -69% SUI (5.4k sats vs 3.7k sats) -31% SHIB (1.4k sats vs >1sat) -99% DOT (91.7k sats vs 5.8k sats) -93% LTC (4.8M sats vs 113k sats) -98% BCH (26.2M sats vs 418k sats) -98% UNI (82.3k sats vs 10.7k sats) -87% XMR (3.4M sats vs 210k sats) -94% ETC (857k sats vs 25k sats) -97% Numbers don't lie. Goodluck with your revolutionary shitcoin.
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