Scott Wolfe

Great article and framing of the significance of Nostr by nostr:npub1dnzzyhmewrzkh862z7z2shwmhh5htx0rvkagepj2fkgst9ptwg3qj4x52h. Now, you know what to do Nostriches. Zap this man! nostr:note1r0hxgfwx9hgchpqwe6w7amuywy7rwfvh40y83u4nxcxqh7mdh4msj53ea2

El Salvador’s Strategic Bitcoin Reserve (6024.18 BTC as of today) now amounts to roughly 0.00095000 BTC per capita based on its population of .~6,300,000. They continue to grow this per capita holding every single day. In order catch up to El Salvador's per capita BTC reserves, these countries would need to hold the following BTC in their own Strategic Bitcoin Reserves as of today (the vast majority haven’t yet started an SBR). These numbers will continue to grow every day as El Salvador's per capita BTC holdings grow. 🇮🇳 1,384,896 BTC 🇨🇳 1,346,727 BTC 🇺🇸 329,000 BTC 🇳🇬 221,045 BTC 🇧🇷 201,809 BTC 🇷🇺 137,579 BTC 🇲🇽124,865 BTC 🇯🇵 117,237 BTC 🇩🇪 80,083 BTC 🇬🇧 65,889 BTC 🇿🇦 61,179 BTC 🇫🇷 63,273 BTC 🇨🇦 37,950 BTC 🇦🇺 25,508 BTC 🇨🇭 8,498 BTC There are only 21,000,000 BTC to be had...ever. Countries for whom the 💡 goes on and realize that BTC is gradually becoming the base layer of the future global economy will be competing not only with each other for BTC, but with the world's 8 billion individuals, as well as companies, investment funds, unions, community organizations, and a myriad of other groups around the world. Sometimes the profound reality of "scarcity" can just smack you in the face. It is very likely that most, or possibly all of these very large (many very wealthy) countries will never possess the per capita wealth of El Salvador measured in BTC. It boggles the mind what this will mean in the future that is taking shape right now. Most importantly though, if YOU are reading this, it means that YOU have the possibility of holding your own BTC and doing so while the vast majority of national and sub-national governments, companies, and other groups are still asleep or have not learned enough about Bitcoin (BTC) to take it as seriously as they should (and will, eventually). The most beautiful thing about Bitcoin, I believe, is that almost everyone on the planet has the ability to hold it and use BTC. That includes youth in the most remote parts of the world, for example; individuals who are excluded from the wealth of the current world in so many ways. It is absolutely remarkable that as governments, companies, and other groups slowly begin to tune into the transformational value of Bitcoin, individuals have already been at this for 16 years. More than 55% of the total available supply of BTC right now -- roughly 19,800,000 BTC out of the 21M that will ever be available -- are held by individuals. This is power to the people in action. Let's keep it that way! Stack sats, stay humble. ✊🧡

One of my first jobs, short-lived as I was quickly replaced by Hamlin.

Oh my! 🤣🤣🤣

Happy Genesis (Block) Day! https://youtu.be/YkwzodrMWgw?si=MjYx1tXpsjvlIJew

Mood https://youtu.be/cWGE9Gi0bB0?si=NtEAPLIvy7aC8B5U

My Dec 31 / Jan 1 have been deliberately unceremonious. To bed at 10pm, up at 5am and to the gym. Done, with a 30 minute meditation to cap it off. The framework for my 2025 is set. Wishing you all a year of peace, health, and fulfillment.

Just spent the better part of my last evening of this year at an all-ages NYE Party, laying on my back in the middle of a living room de-bunking Modern Monetary Theory for a group of recent Stephanie Kelton acolytes, while my 7 year old performed flying body slams on me from the living room sofa. Pretty emblematic of my 2024 overall, to be honest. Off to bed I go shortly, to rise early and take 2025 by the horns. Wishing you all a healthy, peaceful and fulfilling new year!

Hope y’all have a great New Year’s Eve and start to 2025. My plans for the night are all firmed up! Early rise on Jan 1st and to the gym, to set a tone for the year ahead.

The future is Bitcoin The future is Nostr Just think about how magical, how special it is that you are using both at this early stage in the game.

Done!

A little piece of fiction that I wrote a while back, loosely based on experiences many of us can relate to. Happy to share it here as my first Nostr Read (hopefully the link works). https://primal.net/e/naddr1qqj4xmm2da6hymnn945kutt5dpjj6erfva5hgctv94n82ar4wfjj6amdxpnkcvgzyznv5nrgh6qagggn23gy3l34hvyxny5mau4fa3rtlhskwy4xwv2qjqcyqqq823cagphre

So wrong, yet so right.

Joyeux ___!

A nice visual of the global market caps of #Bitcoin and #gold. How long will it take for Bitcoin to surpass gold’s market cap? My guess is by 2029.

My hope is that the amount of Bitcoin held by individuals will never drop below 50% of the total supply of BTC.

I see a recent uptick in commentary, including from a number of #Bitcoin holders, that BTC is not money. To me, the question of whether Bitcoin is money is settled. The answer is yes, which doesn’t negate the fact that it is also a tool for savings. In the light of abundant evidence showing #BTC being used as money, around the world, debate about what threshold would appease critics as signifying “widely used” is kind of like debating whether sunbathing at midday for an hour in the Namibian desert” is “not advisable” or “extremely not advisable”. I propose that the much more salient, interesting, and pressing matter for discussion is as follows… What are the psychological and social dimensions of particular monies in terms of their variable uses as a “medium of exchange” and/or a “store of value” and what is the interplay between these uses in the context of people’s real, material circumstances? For instance, people who have access to only rapidly debasing currencies are heavily incentivized to spend quickly and to convert their holdings of this money into other monies or assets that will retain value, or at least not debase as quickly. The most extreme case of this that I’ve heard to date in terms of ramifications is from Ian Frost and Bitcoin Boma, describing the situation in Malawi. On the other hand, I wonder to what extent having access to a money (ie, BTC) which is demonstrated to accrue value over time incentivizes saving some of that money, even in instances where someone has little to no capacity to “save” (ie, all money is required for spending on daily/weekly needs). Does access to a money which accrues value over time foster transformative conditions for pushing past this threshold of spending only toward actual capital accumulation (ie, savings)? I would find it much more valuable if critics of the relative “moneyness” of BTC could look deeper and investigate the conditions under which BTC is actually being used as money. Suspend your disbelief, if you must, in order to observe. I don’t want to speak on behalf of any of the groups that I work with around the world where BTC is being used as money and a tool for individuals and community development, but they would tell you that “something” magical is happening. There are psycho-social transformations afoot and I can’t help but believe that the qualities of BTC itself, a non-debasing money, have something to do with it.

With all due respect to Americans and others who are talking about the U.S. Government’s “first mover” advantage in setting up a #Bitcoin Strategic Reserve (SBR), the U.S. will at best be the third country to officially have an SBR, after #Bhutan and #ElSalvador. Of course, the U.S. has potential scale that most others don’t. El Salvador is clearly the first mover on so many fronts, including the establishment of the El Salvador Government Bitcoin Office and publishing their #BTC reserves openly, for the whole world to monitor. 👇 https://bitcoin.gob.sv/

Welcome to Nostr, nostr:npub14fkfcx9j0494g8zejfdxsr9t8raxt9n8vzkz6l5w4ef0gjysh4dqcsmkgv! nostr:note168umpz4yx3ygxk00qlykt29mme670xjcfqnt8v8syc8ptz370uvqwdzep4

It was a joy to be able to treat someone in Vancouver to a cup of coffee today. Paid from the comfort of my home in Toronto, over Lightning Network, using the best money ever known to humankind: #BTC Thank you nostr:npub1memz87qugnjjd97a0w0l5cvrkveu8653zycxyy7mz3aq7rvm038qgmwxzz for teaming up on this and enabling me to treat one of your customers at FUNK Coffee Bar, and thank you nostr:npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch for providing an amazing tool for businesses and customers to transact with BTC seamlessly. #Bitcoin for the win, again!