Happy Mole Day!

Email just went out: (links turn to text, did include video titles in text) Greetings Central PA Bitcoiners! Our monthly coffee meetup is this Sunday, Oct 27th, at Denim Coffee in downtown Mechanicsburg. Come join us at 1pm! This is the second time I've used "then they fight you" in the subject of an email. The first time was in April of this year, and it was referring to the arrest of the Samourai developers. There were some news items this week that evoke that same notion. 1. ECB economists publish a paper attacking bitcoin 2. Italy proposes plan to increase capital gains on bitcoin from 26% to 42% 3. Minneapolis Fed suggests banning or taxing bitcoin to sustain deficits The hypocrisy is off the charts with these. In the first one, the argument is made that early bitcoin adopters are getting rich and capturing wealth from later adopters, in a zero-sum scenario. Of course, this is not zero-sum, and it's how holders of any capital asset are compensated for their risk and correct choices. People who bought AAPL at $1/share 20 years ago are able to realize profit due to the buyers that value it more than that now. Likewise, today's asset buyers will profit in the future if future buyers value it more than they do now. A wonderful juxtaposition with these news items is a recent video which compares the current Bitcoin-focused pushback to pushback against past disruptive technologies, entited "Bitcoin and the Death of Energy Misinformation" on Swan's YouTube channel. There is a long history of instances where the old guard attempts to FUD the thing that's disrupting them. For example, the bicycle came to prominence in the 1890's, and disrupted several existing industries: horse and buggy, riding apparel, railway, and public transit. A newspaper article was written that claimed "the bicycle to be the most dangerous thing to life and property ever invented". The bicycle since has become the most ubiquitous means of mechanical transportation worldwide. Lastly, I'll leave you with this gem of a video I recently came across called "Six reasons to withdraw your bitcoin from exchanges" by Arman The Parman. My favorite is reason #6: "Unless you take coins into your own custody, you will never fully appreciate how bitcoin works. If you don't appreciate it, you won't buy enough of it, and this you will regret." Reminds me of the saying "let your education drive your allocation". Enjoy the rest of your week, friends. Hope to see you on Sunday! ~Lonelypumpkins Central PA Bitcoiners

very sharable...short, thorough, catchy, appeals to wide audience

Need to restock my "orange pilling books to give away" inventory. Inventing Bitcoin has been my go-to for the last year or so. If someone finishes that and is interested in more reading material, I like The Hidden Cost of Money. suggestions/modifications?

Happy segwit activation day!

Playing with multisig is inexpensive at current fee rates, or free with testnet...specter, sparrow, electrum & nunchuk allow you to build multisig wallets from hot keys, cold keys, or a combination. Imagine BTC goes from 0.13% of global assets to 1.3% in the next year...are you still comfortable with your present setup? Tinker and learn while things are relatively quiet, and txn fees are around as cheap as they get.

SEC Approves 1.75X Leveraged MicroStrategy ETF – Bitbo

The SEC has approved a new fund that offers 1.75X leverage on MicroStrategy, a company heavily invested in Bitcoin.

lol...why?

4th year at bitcoin mag conf. Love reconnecting with people I've met over the years and satellite events...unfortunately the signal:bullshit ratio has steadily declined to the point that TSA and secret service agents are screening those entering the big "Nakamoto" stage. Satoshi would be proud. Got some signal from the Genesis stage...bitcoin veterans and bitcoin & psychedelics were cool panels. Time to choose a different event to travel to next year...smaller, less theater, and higher signal.

Apparently Swan is canning some high level employees, including Sam Callahan, and backing away from their mining ventures. They haven't been involved with mining for that long...they bit off more than they can chew I'm sure. Cory spinning layoffs and divestment as an "incredible moment". They learned what a brutally competitive industry mining is. Halving was 3 months ago, and they've been getting squeezed harder and harder since...

#Bitcoin 2024 keeps trying to alienate attendees more and more each week... first Russell Brand, now Donald? I'm calling it...next week they'll announce Epstein's ghost as a featured speaker.

"Vanguard Adds New $100 Account Closure and Outgoing Transfer Fee" Just a coincidence that VG never had an exit fee for decades, in Jan 2024 blocks bitcoin ETF buys, then in May 2024 announces steeper exit fee than all of their competitors, right?

TIL there is an ETF that tracks Nancy Pelosi's portfolio 🤡 Outperforms the S&P500 so far, ofc

Yahoo Finance

Unusual Whales Subversive Democratic Trading ETF (NANC) Stock Price, News, Quote & History - Yahoo Finance

Find the latest Unusual Whales Subversive Democratic Trading ETF (NANC) stock quote, history, news and other vital information to help you with you...