The bills they print are claims on your stuff.

∫MoE dt -> ∫MoE ds Few

There is no second use case!

Ask not what your Bitcoin can do for you – ask what you can do for your Bitcoin

You cannot own #Bitcoin. What you CAN do is rely on the fact that the risk of someone else knowing the same Private Key as you is so infinitesimally small that it makes sense to use satoshis as a communications tool for expressing value.

You cannot "own" #Bitcoin in the traditional sense of owning stuff. No matter what governments, courts, chain-anal people, or anyone else tells you, there is no way of proving that someone DOESN'T know a string of information such as a private key. From this perspective, satoshis aren't ever transferred but rather reorganized on the timechain for communication purposes. The twelve magic words do not belong to anyone. They're just twelve words. What Bitcoin makes so blatantly obvious is that money was never anything but information. A ban on "self-hosted wallets" is as absurd as a ban on using your brain. Such a ban would have severe consequences. It would deny you the right to keep a secret while granting the government the right to claim that you do, making everyone a criminal. YOU would have to prove that you DON'T know something, which is impossible. You would be guilty until proven innocent, which cannot be proven. Any law trying to stop or restrict Bitcoin usage is nothing less than a crime against humanity. IMHO, the Bitcoin community should do everything in its power to prevent such laws. Your ability to use a communications network shouldn't depend on where you were born. Do your part and educate as many people as you can as often as possible. Speech is never free but always costly. It's high time to separate speech and state!

From FFS ep. 100 👀

Imagine, everything there is and everything that will ever be, divided by 21 million.

$ell, €xit, ₿uy

Whether you like it or not, you ARE an "unhosted wallet." Few.

GM #Madeira!

Little Shop of Fiscal Horrors Once upon a time, in the quiet town of Econville, nestled between the bustling cities of Inflationopolis and Deflationdale, there existed a peculiar little shop known as "Fiscal Flora." This wasn't your average florist. No, Fiscal Flora specialized in a very niche market: economic vegetation. From Growth Gourds to Prosperity Petunias, if it was monetary and photosynthetic, they had it. The shop was run by a young entrepreneur named Penny, who had inherited the business from her grandfather, a renowned botanist with a penchant for monetary policy. Penny, however, had not inherited her grandfather's green thumb, and the shop was struggling. That was until one fateful day when she stumbled upon a tiny, unassuming plant hidden among the ledgers in the back room. It was a Central Banker Bush, a rare species rumored to influence economies with its root system. Intrigued and desperate, Penny placed the Central Banker Bush in the front window, hoping its novelty would attract customers. To her surprise, the plant did more than just sit prettily; it began to issue its own currency, tiny leaves embossed with the image of its own pot. The leaves were accepted as legal tender in Fiscal Flora, and soon, the entire town of Econville was buzzing about the miraculous money-making bush. As the bush's fame grew, so did its appetite for monetary control. It started with small adjustments, a slight interest rate hike here, a minor quantitative easing there. Econville's economy boomed, and the Central Banker Bush became the town's unofficial financial advisor. Penny was thrilled; business was flourishing, and her shop had become a place of pilgrimage for economists and plant enthusiasts alike. However, the Central Banker Bush's growth was unchecked, and with each passing day, it demanded more fiscal authority. It began to consume the other economic vegetation in the shop, consolidating their powers. The Growth Gourds withered away, and the Prosperity Petunias turned to dust. The Central Banker Bush had monopolized Econville's economy, and inflation soared as it printed more and more leaf currency. Penny realized too late that she had nurtured a greenback beast. The town's economy was in shambles, with hyperinflation rendering the bush's leafy currency worthless. The once-thriving Econville was now a cautionary tale of fiscal irresponsibility, and Penny knew she had to act. Armed with a pair of pruning shears and an Economics 101 textbook, Penny confronted the now-massive Central Banker Bush. She demanded it stop its reckless financial policies, but the bush was too far gone, intoxicated by its own power. In a daring move, Penny cut the bush down to size, literally, reducing it to a manageable bonsai that could no longer wreak havoc on the economy. Econville slowly recovered, learning to diversify its economic flora and never again to rely solely on a single central entity, no matter how seemingly benign. Penny's shop still stands, now a museum dedicated to the dangers of unchecked economic power, with the Central Banker Bonsai as its main exhibit. And as for the town's economy, it flourished, guided by the principles of moderation and diversity, a living testament to the perils of a little shop of fiscal horrors.

Must lesist ulge to post "Happy Yeal of the Gleen Dlagon." Some people might find it lacist.

How's your don't trade going?

Schrödingers cat jpeg - you only own it until someone observes it.

The 21 millionth #Bitcoin block will be mined around the year 2248. By that point, a bitcoin will be rarer than a bitcoin block.

Bitcoins are finite. Blockspace (timespace) is not. This implies that transaction fees (denominated in sats) will perpetually trend downwards eventually.

There will never be more than 21 million #Bitcoin, but a new valid block of transactions is always out there somewhere. In other words - A Satoshi is scarce; arbitrary data on the timechain is not.

Evil is the root of all money that isn't #Bitcoin