Saving your #Bitcoin key in your head is the ultimate way to take your #BTC everywhere you go.
⇒ And it's genuinely possible!
No need for fancy tools or exceptional memory skills...
Here is how:
Build a Story
⇒ You have a 12-24 word seed phrase, like this:
"mansion nice pigeon dry style list about ring stamp derive slam drastic"
⇒ Next, craft a reasonable story using this seed phrase.
⇒ Example:
"A run-down mansion stands in the nice part of town. An old man feeds a flock of carnivorous pigeons dry salami from his porch while reading an old copy of Style Magazine......"
Divide
⇒ Our brains have limited storage capacity, so it's best to divide the story into 3 to 6 segments.
⇒ Start by memorizing only the first part on the first day. Second part on second day. And so on.
⇒ Took me a week - it's again about that proof of work:)
Conquer
⇒ Once you've divided and memorized the story, ensure it stays with you.
⇒Repeat it daily for two weeks, and then once a week thereafter.
⇒ You will know it so good after just a month!
With that method, you can make your #Bitcoin genuinely unf****able!
Robin Seyr
npub1d9ul...yh73
austrian Bitcoiner in Munich
Saving your #Bitcoin key in your head is the ultimate way to take your #BTC everywhere you go.
⇒ And it's genuinely possible!
No need for fancy tools or exceptional memory skills...
Here is how:
Build a Story
⇒ You have a 12-24 word seed phrase, like this:
"mansion nice pigeon dry style list about ring stamp derive slam drastic"
⇒ Next, craft a reasonable story using this seed phrase.
⇒ Example:
"A run-down mansion stands in the nice part of town. An old man feeds a flock of carnivorous pigeons dry salami from his porch while reading an old copy of Style Magazine......"
Divide
⇒ Our brains have limited storage capacity, so it's best to divide the story into 3 to 6 segments.
⇒ Start by memorizing only the first part on the first day. Second part on second day. And so on.
⇒ Took me a week - it's again about that proof of work:)
Conquer
⇒ Once you've divided and memorized the story, ensure it stays with you.
⇒Repeat it daily for two weeks, and then once a week thereafter.
⇒ You will know it so good after just a month!
With that method, you can make your #Bitcoin genuinely unf****able!
Saving your #Bitcoin key in your head is the ultimate way to take your #BTC everywhere you go.
⇒ And it's genuinely possible!
No need for fancy tools or exceptional memory skills...
Here is how:
Build a Story
⇒ You have a 12-24 word seed phrase, like this:
"mansion nice pigeon dry style list about ring stamp derive slam drastic"
⇒ Next, craft a reasonable story using this seed phrase.
⇒ Example:
"A run-down mansion stands in the nice part of town. An old man feeds a flock of carnivorous pigeons dry salami from his porch while reading an old copy of Style Magazine......"
Divide
⇒ Our brains have limited storage capacity, so it's best to divide the story into 3 to 6 segments.
⇒ Start by memorizing only the first part on the first day. Second part on second day. And so on.
⇒ Took me a week - it's again about that proof of work:)
Conquer
⇒ Once you've divided and memorized the story, ensure it stays with you.
⇒Repeat it daily for two weeks, and then once a week thereafter.
⇒ You will know it so good after just a month!
With that method, you can make your #Bitcoin genuinely unf****able!
#Bitcoin will
⇒ see 50k again
⇒ 100k for sure
⇒ also 1mio+
And at some point, we will stop seeing #BTC going up, and start seeing everything else going down in a #BTC Standard.
Also:
⇒ Market cap dominance will be above 99%
⇒ Shitcoins can't hold value over the long term.
On the 14th of January in 2018 was the lowest dominance of #BTC with 32%
⇒ Since then, it is consistently growing.
⇒ now back over 46%
#Bitcoin will eat up all other assets over the long term!
⇒ Dominance continues to rise
⇒ Just a matter of time, when we are back at 100%
Altcoins are basically startups with no use case.
⇒ you buy an altcoin and, with that, gambling in a centralized startup that you don't even understand.
⇒ You have been fooled.
Only #Bitcoin is truly decentralized money
#BTC is nothing like any altcoin.
⇒ Not even close.
#Bitcoin miners could censor and manipulate transactions. Wouldn't it be possible to just buy 51% of the network?
⇒ NO!
Performing a 51% Attack on #BTC seems easy, but in practice it's not possible.
Here is why:
Tremendous amount of Resources needed
⇒ To successfully perform such an attack, you would need to control more than half of the total hashing power.
⇒ This would require a massive investment in mining hardware, electricity, and infrastructure, making the attack financially unfeasible.
⇒ Where do you even get all this hardware with massive shortages?
⇒ Additionally, during such an attack would the network grow even more. Thus, increasing the cost of such an attack more and more.
⇒ It's an uphill battle...
No gains = no incentive
⇒ Even if someone manages to do that, the difficulty adjustment doesn't work in your favor, and you needed to maintain the power over a longer period of time to really make an impact.
⇒ And all those resources would be for nothing, because all those mined #BTC would be worthless at that point.
⇒ So you have 0 gains and therefore 0 incentive to do such an attack.
⇒ The financial gain would be much bigger, if the miners simply play by the rules.
A 51% Attack on #Bitcoin is not only physically impossible, but also would bankrupt the player who performs it.
Proving that #Bitcoin is actually the only sound digital money on the planet!
#Bitcoin miners could censor and manipulate transactions. Wouldn't it be possible to just buy 51% of the network?
⇒ NO!
Performing a 51% Attack on #BTC seems easy, but in practice it's not possible.
Here is why:
Tremendous amount of Resources needed
⇒ To successfully perform such an attack, you would need to control more than half of the total hashing power.
⇒ This would require a massive investment in mining hardware, electricity, and infrastructure, making the attack financially unfeasible.
⇒ Where do you even get all this hardware with massive shortages?
⇒ Additionally, during such an attack would the network grow even more. Thus, increasing the cost of such an attack more and more.
⇒ It's an uphill battle...
No gains = no incentive
⇒ Even if someone manages to do that, the difficulty adjustment doesn't work in your favor, and you needed to maintain the power over a longer period of time to really make an impact.
⇒ And all those resources would be for nothing, because all those mined #BTC would be worthless at that point.
⇒ So you have 0 gains and therefore 0 incentive to do such an attack.
⇒ The financial gain would be much bigger, if the miners simply play by the rules.
A 51% Attack on #Bitcoin is not only physically impossible, but also would bankrupt the player who performs it.
Proving that #Bitcoin is actually the only sound digital money on the planet!
#Bitcoin miners could censor and manipulate transactions. Wouldn't it be possible to just buy 51% of the network?
⇒ NO!
Performing a 51% Attack on #BTC seems easy, but in practice it's not possible.
Here is why:
Tremendous amount of Resources needed
⇒ To successfully perform such an attack, you would need to control more than half of the total hashing power.
⇒ This would require a massive investment in mining hardware, electricity, and infrastructure, making the attack financially unfeasible.
⇒ Where do you even get all this hardware with massive shortages?
⇒ Additionally, during such an attack would the network grow even more. Thus, increasing the cost of such an attack more and more.
⇒ It's an uphill battle...
No gains = no incentive
⇒ Even if someone manages to do that, the difficulty adjustment doesn't work in your favor, and you needed to maintain the power over a longer period of time to really make an impact.
⇒ And all those resources would be for nothing, because all those mined #BTC would be worthless at that point.
⇒ So you have 0 gains and therefore 0 incentive to do such an attack.
⇒ The financial gain would be much bigger, if the miners simply play by the rules.
A 51% Attack on #Bitcoin is not only physically impossible, but also would bankrupt the player who performs it.
Proving that #Bitcoin is actually the only sound digital money on the planet!
Shitcoiner: These #BTC maxis are so toxic & dismissive of other projects.
Bitcoiner: We have this one opportunity in the history of humanity to free the world from systematic oppression. Fiat & Crypto incentivises corruption.
We aren't closed-minded. We are focused!
#BTC only
The true strength of us #Bitcoin -er is our low time preference.
⇒ We don't need those consumer goods to feel good.
⇒ We want real relationships and meaningful work.
⇒ The world is so beautiful if you free yourself from the fiat mindset!
There is now only one political direction: #Bitcoin
It does not matter if you are Right or Left.
-> Either free money or slave money!
Either complete sovereignty in the digital age or you will own nothing and 'be happy'
With #Bitcoin , it is possible to have a tremendously fast final global settlement layer.
Everyone can
⇒ participate in the network &
⇒ verify all transactions.
#BTC will become the new financial base layer of the entire world.
⇒ The sooner you realize that, the more you will benefit.
⇒ Tell your loved ones!
A #Bitcoin Standard leads to healthier economic growth.
⇒ No more cheap loans for bad business ideas
⇒ Government has to provide real value, and can't just print their power.
In a #BTC world, only real projects get real money!
The government in Weimar Germany just ignored the ever-increasing money supply when talking about the sky-high inflation, and instead used the media to push propaganda that the true cause of the rising prices was a war.
Why does this sound so freaking familiar?
Why do we #Bitcoin -ers don't care about short term price movements?
It actually impacts us in real life, if our purchasing power fluctuates in low 2-digit percentages.
But for every #BTC -er, one thing is clear:
⇒ Over the long term, every Asset will lose purchasing power against #Bitcoin . It's the only truly decentralized network.
⇒ Short term price movements are expected with such a disruptive technology. But you can bet your life on the predictability of Bitcoin's monetary policy. It's written in stone!
⇒ No other asset can give you such a high level of certainty. No one knows what the FED is going to do tomorrow, or if ETH is suddenly deciding to add more coins into the market.
#Bitcoin is the only certain Asset, in extremely uncertain times.
The First Republic Bank...another case where the fiat banking sector shows how bad it really is.
⇒ Over -90% in under 2 months
⇒ Expected to be seized by the US government
This is all just the beginning of the banking meltdown of the fiat system.
How can anybody actually trust banks right now??
#Bitcoin encourages
⇒ long term thinking
⇒ personal responsibility
⇒ self education
⇒ truly free market
At the same time, it exposes the flaws of misaligned incentives & showcasing the corruption they enable.
#BTC is not a short-term investment, it's a long-term revolution.
Why would #Bitcoin make war unaffordable, when governments could simply find other ways to finance it?
In the current fiat system, a nation can easily print vast sums of money to buy as much weaponry as necessary.
Therefore, a #BTC Standard will make war unaffordable, and here's why:
Proof of work requires everybody, including governments, to invest energy to obtain money.
⇒ With a limited money supply, governments can't just create more for war. They must utilize resources they genuinely possess.
⇒ Plus, the accountability with a public transparent ledger is much higher. Consequently, it's quite hard covering up financing from other sources.
⇒ The decentralized nature of #Bitcoin will distribute economic power more evenly among individuals, businesses and also governments. Thus reducing the likelihood of conflicts arising from power imbalances.
So yes, #Bitcoin will be fostering a more peaceful world!
Why would #Bitcoin make war unaffordable, when governments could simply find other ways to finance it?
In the current fiat system, a nation can easily print vast sums of money to buy as much weaponry as necessary.
Therefore, a #BTC Standard will make war unaffordable, and here's why:
Proof of work requires everybody, including governments, to invest energy to obtain money.
⇒ With a limited money supply, governments can't just create more for war. They must utilize resources they genuinely possess.
⇒ Plus, the accountability with a public transparent ledger is much higher. Consequently, it's quite hard covering up financing from other sources.
⇒ The decentralized nature of #Bitcoin will distribute economic power more evenly among individuals, businesses and also governments. Thus reducing the likelihood of conflicts arising from power imbalances.
So yes, #Bitcoin will be fostering a more peaceful world!