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TheBitcoinBattery
TheBitcoinBattery@primal.net
npub1kl8a...q497
Living life with an eye towards reason, philosophy, and truth. Cause and effect, economic pressures, and math ensure that Bitcoin is going to fix the world economy. Don't worry, keep calm and stack sats. Don't understand why? Study markets, money, and history. Start here: Bit.ly/StudyBitcoin
I don't care how much Bitcoin you have, using Bitcoin at all is revolutionary. Bitcoin isn't even old enough to be considered an adult, and it's already changing the worlds of everyone who chooses to mine it, save in it, and use it to support them in hard times. Fixing the entire world's monetary system won't happen overnight, but you don't have to wait to fix YOUR world by fixing YOUR money. That happens the moment you understand and decide that holding sovereign money is preferable to holding the money of slaves.
I have been thinking about the victims of the #Coldcard for days. I even cried a few times. Years of stacking, learning about why Bitcoin is revolutionary, why fiat is a plague, why the type of money you use really matters... To imagine all the effort and time put into it, only to have the stack suddenly gone because they put a 0 where a 1 should've been. Gone, just like that, for thousands of plebs, just like me. This is infuriating and should never have happened!!! So many times I've read recommendations for Coldcard as the most secure "airgapped" wallet, which I thought was probably safer than my current setup... But I decided it wasn't worth the trouble as I trusted my setup well enough. Ironically, the less trustworthy option I was using saved my ass. But the part that really gets me, is the trust I have in my setup is almost the same trust that the victims had in theirs, and if it failed them it could've just as surprisingly and just as easily been me. I am lucky that the self-custody setup and hardware wallet manufacturer I chose hasn't had a catastrophic issue that cost me my coins (yet). The risk is now more obvious then ever with the downfall of Coldcard, that you cannot keep all your eggs in one basket. Multiple manufacturers of hardware, multiple seeds, multiple passphrases, etc. You can do everything everyone says is right with self custody and still get fucked. This is a nightmare, and I feel horrible for the victims. ๐Ÿ’” What a terrible time for Bitcoin and bitcoiners. Just terrible.
Artist: Aurenza Titles: Breath In, Let Go (Reimagined) Shadows Leaning
Bitcoin is mathematically enforced scarcity relative to time and energy and whatever value society gives those things at the time. Over time energy prices tend to go down, but the amount of energy competing for Bitcoin goes up on average more than the value falls, coupled with a programmed reduction of block subsidy output against time every 210k blocks, and you get near certainty that over the decades the value of Bitcoin will grow against everything else humanity produces. As you begin to truly understand this and find you have enough sats to live slowly, meaningfully, frugally, uncompromised on the hardest and most honest money, I would suggest stacking silver coins from your largest local mint. For those of us in the United States this means old silver coins from pre-1965 and new Silver Proof coins minted from 1992 onward. These coins often have no premium, if you pay attention you'll often be able to find them at or even below their current silver melt value meaning they are treated as nothing but the raw metal in terms of market value. Become familiar with the various methods of verifying the coins you receive for true silver content, understand the look of copper-clad vs silver coins by checking the edge, understand the difference in how they sound when dropped, and how they feel when held. To have savings that bring true peace of mind, you have to make your savings real. Holding real physical silver coins, and even gold for those stackers with truly substantial holdings, truly feels magical and connecting to a time in history when society used quality money in everyday commerce.
It was declared illegal to refuse to pay taxes to Caesar, but where is Caesar now and when was the last time you paid taxes to him? When was the last time that declaration was able to be enforced? At another time it was declared illegal to refuse to pay taxes/tithes to the Holy See, but when was the last time that was able to be enforced? Those who proclaim authority over others will always declare it illegal to refuse them the rent they seek from you, but if they cannot enforce it then is it really something worth worrying about? Call their bluff, make them work for their theft, do not become your own tax collector. They have no authority over you, the only power they have is the power people let them have. Even the smallest delay is a form of effective resistance to tyranny, and time is on our side.
Shared this video on Facebook only to have the post not even show up on my timeline when I went to look at it. Being censored for posting this felt so surreal. Here's the clip:
Bitcoin is a digital organism, feed it electricity and it bears new fruit while increasing the value of old fruit at the same time. The fruit of Bitcoin is the rich soil in which we can grow in and on a better world.
The world would be a much better place if everyone was just more patient and reflective of what they focus on.
"Bitcoin isn't money if you don't spend it!" The primary and most important function of money is as a store of value. If your money doesn't preserve your value from the time you receive it until the time you spend it then it's not good money. It doesn't matter if the amount of time is 5 seconds or 5 centuries. Preservation of value is the most important function of good money, and provides the foundation for a growing and stable society. Everything else comes second. If it doesn't preserve value in the short term then it cannot be a medium of exchange. If it doesn't store value over the long term then it cannot support a growing society over that time period. If it doesn't preserve value then it doesn't matter if people accept it, doesn't matter if it's fungible, doesn't matter if it's divisible, doesn't matter if it's physical or digital. If you stack sats and nothing else, you are using Bitcoin as money without doing anything else. All the rest comes later, when you spend the value that has been preserved until you need it.
The ancient greek philosopher's views, that the world would be a better place with philosopher kings, are accurate. With the arrival and growth of Bitcoin, that world is almost here. A king is not the same as an authoritarian. Throughout history kings have traditionally been tied to a monopoly on the issuance of local money. In capturing the most important good in the free market (the hub of the wheel of the economy) and becoming corrupt gluttons on the backs of the people, kings became authoritarians so we associate them as one in the same. What is a king at their core if not a guardian and distributor of value for and to the people? What is a philosopher king if not a patient and wise person, living in the present with a low time preference. A philosopher king is capable of respecting that the market is more capable of problem solving than any individual or group. Bitcoin eventually turns everyone who's capable of being so into philosopher kings. This is a decentralized universal kingdom of freedom, prosperity, and fairness that runs in parallel to the other systems. Systems of value distribution are in their own competition against each other, in this way though they try as they might to control everything they are still a part of the free market. In this free market competition Bitcoin will win, in doing so it will cause every other archaic and dishonest method of value distribution to become irrelevant and ignored.
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