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Robin Seyr
npub1d9ul...yh73
austrian Bitcoiner in Munich
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robinseyr 2 years ago
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!
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robinseyr 2 years ago
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!
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robinseyr 2 years ago
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!
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robinseyr 2 years ago
#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.
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robinseyr 2 years ago
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%
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robinseyr 2 years ago
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.
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robinseyr 2 years ago
#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!
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robinseyr 2 years ago
#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!
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robinseyr 2 years ago
#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!
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robinseyr 2 years ago
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
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robinseyr 2 years ago
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!
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robinseyr 2 years ago
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'
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robinseyr 2 years ago
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!
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robinseyr 2 years ago
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!
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robinseyr 2 years ago
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?
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robinseyr 2 years ago
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.
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robinseyr 2 years ago
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??
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robinseyr 2 years ago
#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.
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robinseyr 2 years ago
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!
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robinseyr 2 years ago
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!