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TheBitcoinBattery
TheBitcoinBattery@primal.net
npub1kl8a...q497
Bitcoin is going to fix everything. Don't worry, keep calm and stack sats. Don't understand why? Study markets, money, and history. Start here: Bit.ly/StudyBitcoin
Just ordered all 8 universal classic monster movies in their individual 4K / Blu-ray packs for $10 each in Gruv's sale, never seen any of them but they're very highly rated classics so I've been waiting for a great time to jump in to them. Recommendations on which one to watch first? I got: Dracula The Wolfman The Phantom of the Opera Frankenstein Bride of Frankenstein The Creature from the Black Lagoon The Invisible Man The Mummy 😁
Relax. Humanity is on an upwards trajectory. Breath, touch grass, read a book, watch a movie, eat some food, chat with friends, spend time with family. Stack sats if you don't have enough to live on, spend sats modestly if you do. Lower your time preference in all things, and don't worry about things you can't control. Your goal is to find yourself and find contentment, that's all. That's all you really need.
Pay should be tied to silver. Silver "increases" in dollar units at almost the same rate as dollar debasement. This would maintain a fair rate of pay for everyone over time. We all want a Bitcoin Standard but Bitcoin grows in value too fast to tie to a paycheck without constant revaluation. This gives an administrative burden that tying pay scale to silver would not have. Pay me in Sats, but have my payscale tethered to Oz or Grams of Silver.
Bitcoin will be the dominant medium of exchange accepted by everyone, and governments powerless as paper money becomes worthless, within 5 years. How does this happen? Read on. Up until now Bitcoin has been a really small market in comparison to everything else. In addition, those within this market have a tendency to HODL on to their savings rather than spend them. Combined this has made Bitcoin not really attractive to use as a payment medium for most businesses, due to the costs involved in setting it up and the very small amount of people even willing to pay with Sats. But Bitcoin within the next 5 years does something it's never done before, it surpasses the total liquidity of the entire Euro-Dollar network and the all the Gold on earth combined. This changes everything, and I mean EVERYTHING. When liquidity is high enough, it doesn't matter that most holders don't want to spend their savings, as a large enough amount of liquidity is seeking something for which it can be traded to make it worth accepting it as payment. Bitcoin's growth rate is 1.002046 per day compounding. Yesterday the major support reached $100k with the price sitting at a healthy 20% above. 5 years from now is (365.25*5) 1826 days. Currently the Bitcoin network is worth $2.4 Trillion, and each Bitcoin is worth $120k over a bottom of $100k. $2.4 Trillion *1.002046^1826 = $100.25 Trillion Total Bitcoin network value. $120k*1.002046^1826 = $5,000k per Bitcoin. Bu Q3 2030, meaning over the next 5 years I expect Bitcoin to 40x. Think of it this way, Bitcoin blocks are currently about $312.5k to produce with the current labor put into the mining network. Over the next 5 years the labor input does a cool 25x, that's about a 91% increase every year which is about the norm seen over Bitcoin's existence. In addition in 2028 Bitcoin experiences another halving which cuts in half the Bitcoin rewards done for that 25x amount of labor and effectively doubles the cost. 25x $312.5k = $7,812,500 per block which in 2028 will have a reward of 1.5625 BTC. $7,812,500 ÷ 1.5625 = $5,000,000 Per BTC. Nobody has any idea what this will look like when it happens, but it will.
Things are getting better as they get worse. But overall, they're getting better.
Convincing someone it's better to use non governmental money, feels like convincing a medieval European to go against the ruling Catholic Church. FIAT is the new global religion, Bitcoin is monetary agnosticism.
As of today, my calculated BTC long term trend line has passed $100k. We will likely never see under $100k again, and if we do it'll be very shortlived. Over it's lifespan Bitcoin's market price was between 1.3x and 1.6x of the long term trend roughly 50% of the time. Right now we're below that at 1.18x the trend. Current prices of $118k will become the bottom in early November, if we see 1.3x at that time we'll hit $150k. Though I expect we could see anywhere between $118k (1x) and $188k (1.6x).
"Proof is useless unless it's proof of something people already want to believe." - The mysterious benedict society, S01 E02
Old parallel interchangeable permissionless systems for physical savings and physical value transfer: • Copper < Silver < Gold. * Modern parallel permissioned semi-interchangeable systems for: • Savings: • Paper IOUs / Digital Paper IOUs < Stocks < Government Bonds. • Value (Debt resolving notes) transfer: • Paper IOUs / Digital Paper IOUs. No real value is transferred, the system is a debt loop. * New parallel interchangeable systems for savings and physical and digital value transfer: Copper < Silver < Gold < Bitcoin.
This is what I include as a bonus with my tips at restaurants. The majority of the world has never been exposed to ideas of sound money, we must give them the information they are lacking. But in the current world the only reason someone would try to communicate with a stranger is to scam them, or to at least extract value from them, meaning everyone is distrusting and rightfully so. Instead we most instead give value to their attention. So I am doing the opposite of most people in today's world, I give people a card of information with real silver dimes from American history attached to them. I also hand out cards without silver dimes, with @bitcoin.rocks linked on that side of the card instead. Since I've made the playlist the card back links to and started handing them out, over 150 people have viewed it. There's no way to contact me on the card, it is a gift in every way. We cannot reach everyone quickly, but we can help those we directly interact with get a head start. We are building a better world, 1 person at a time. Be patient, stay humble. We're winning.
Watching old Star Trek episodes a bit lately, funny how they thought it would take hundreds of years to get to talking computer databases and mobile tablet computers and yet it took only about 60 years. Technology grows exponentially, while people look at it linearly. They expect if the growth was $50,000 in the last year that growth will be $50,000 in the next year when this is not the case. Few forsee Bitcoin reaching $1 / Sat parity within a decade, but I do. 10x every 3 years is the long term trend. As those who have seen my previous posts know, 2020 - 2021 saw minor and major hiccups in the long term trend and set us back about 2 years. We should be $440k right now, we will be within 2 years. Despite the hookup the trend is continuing. I expect we'll reach $0.01 / Sat within the next 3 years, $0.1 / Sat within 6 years, and $1 / Sat within 9 years. It'll take most by surprise, that's the nature of things. image