New Acoustic version of “Judgement Day”, by Five Finger Death Punch released yesterday. I think of Bicoin with it. What a week. Awesome song.

@Mark Camper thanks for my biggest zap ever, totally appreciate it.

Bitcoin: "This week marks the end for most to be Full or Whole Coiners?" My Favorite Comment on Bitcoin Scarcity last year was: "Adam Back" Adam was on stage last year and said something so obvious to most but it was profound to me: Here he posted about it on X with a graph:

X (formerly Twitter)

Adam Back (@adam3us) on X

because 10mil people trying to buy 1 BTC over a few years would push the price out of reach. And many current hodlers are not selling. Eg very few...

Thanks to the OGs like Adam out there, total respect. I just read more about the Blocksize Wars and the Big Blockers versus the guys like Adam. Thanks for not siding with them as they went off and crashed and are still burning with BTC XT, BSV, and BCH. Those fires to hopefully be extinguished for good too, soon.

Bitcoin Post I had to write a TLDR on Bitcoin's Scalability. I am trying to get to writing on the latest CTV but have to keep going back to the 100,000 foot level of the issue. Please let me know where I am wrong on this and I will correct. For Now: https://bitcoinapolis.blogspot.com/2024/01/bitcoin-bitcoin-scaling-biggest.html Bitcoin: "Bitcoin Scaling - The biggest Issue/Non-issue since Day 1?" By BR Bitcoinapolis January 7, 2024 Premise: Bitcoin, by Satoshi's design with POW, Base Layer Timechain, L1, was never designed to handle billions of people/merchants with zillions of payment transactions on the Base Layer. However, Bitcoin can and will scale to the billions on Layer 2/Layer 3. Explained by Satoshi on Day 1. ======= Bitcoin was designed and has evolved into two paths. People of the world will choose to one, both, or none. 1) SOV (Digital Money/Digital Gold/Digital Property) - For SAVING Bitcoin (Currently No Friction) 2) Currency - Used by merchants instead of Visa, circular economy - For SPENDING Bitcoin. (Currently Friction) Expanded: (edited for length) Me: Yes, there are issues with the current state of Bitcoin scaling as there have been since day one. Yes, the Lightning Network 1.0 has its issues but are we naive to think Jack Mallers, Jack Dorsey, and Michael Saylor are not looking into this already? Saylor has said publicly he has a bunch of Bitcoin projects going on inside Microstrategy. Do you think that is only for their internal use of internal customers? Can you imagine an announcement of a new version of the LN backed by Microstrategy/Saylor/their Current Bitcoin Cache? Maybe this is worth re-posting? (edited see link)

Heading: "Bitcoin Covenants" Subhead: " I stumbled into yet another Rabbit Hole with Bitcoin." Covenants, specifically Bitcoin Improvement Proposal:BIP-119. Not new to many of you. Is it worth the effort to compile a large list of resources with the experts weighing in on the pros and cons and keeping it current and things/views/developments change? To me it is a complicated facet that needs to be thoroughly understood yesterday, today, and tomorrow. I want to do a 100,000 foot level before getting into the weeds. (Yeah, pulling out some of my worst Corporate Jargon there, sorry in advance.) My high level analysis so far is that the pros outweigh the cons. Including this part (attached png) from Dallas Rushing @npub10lyg...ah4e Thank you. Special thanks to @npub1775t...9jcw for my getting this far.

Bitcoin: "Digital Gold versus Analogue Gold"

Bitcoin Commodity Saylor Data

100+ pages showing why Digital Gold Bitcoin is way better than analogue Gold. Adapt.

Bitcoin as money/property is almost friction free. Bitcoin as currency is almost all friction.

Bitcoin: "As Digital Money or Digital Property is Friction Free"

Bitcoin Commodity Saylor Data

"Human: I identify with Bitcoin" By Bitcoinaplis I identify with Bitcoin on so many levels. Listen, I am a middle aged, white American, male, been married over 30 years, I am milquetoast but have never fit in with groups or group think. I was never in a clique in High School, I hung out with all people, and had an amazing experience. In college I was a dorm rat before moving off campus with some pals found on that floor. I never understood fraternities/sororities as generations of my family talk non-stop about 'so and so is one of us, she pledged <whatever sorority>' this is example is with Kansas State University or Kansas University. I went to a small southern college in Southern Minnesota, much to the dismay of my Kansas family. (I got a great education by the way, super grateful for you, Dr. Lane Hopkins - Computer Science.) I am not knocking people, if you have to identify with certain groups. Such as you have to identify: with a certain High School, or college, or neighborhood, or country, or government, or state, or city, or instrument, or net worth, or corporation, or profession, or workouts, or clubs, or sexuality, or certain music, religion, God, health (skinny/fat), or what is watched on tv, or pets, or golf or any other sport, travel, or what you eat but what about how you think? I think like Bitcoin and I identify with Bitcoin. Right there, you are probably trying to put me into one of your pre-conceived groups: Confused? Nerd? Idiot? Conspiracist? Anarchist? Anti-establishment? Psycho? May I explain what group it is? I belong to a group, a species we call human. Human beings, every one of us, despite whatever group you belong to are thinkers. Just like each of us is unique based on our DNA so are we based on how our brains work and think. We learn as we live. We unlearn as we live. We change. We adapt. We do or we do nothing. We choose but we do change our minds. We question. We pivot and lead or continue and follow. This is what makes us human. Satoshi created Bitcoin for all of us. Regardless of how we identify. Total respect for Satoshi Nakamoto, regardless of any human being understanding or owning Bitcoin. There is no way my pre-Bitcoin self would have been writing about an open source world wide digital money, with an immutable timechain ledger on an open sourced platform like NOSTR without Satoshi. I identify with Bitcoin, and its potential ability to change the world as we know it. In our world, there is room for something positive like Bitcoin even though most have already made up their minds, it is negative. Exactly like those who sounded the alarm on the early Internet. History Repeats, because, above all, we are all human. Satoshi has given me hope, thanks to the creation of Bitcoin, to be hopeful for humanity. Worldwide.

Minneapolis is magic

Bitcoin is such a beast.

@Ainsley Costello really great hearing your story on Swan Cafe today. I was walking around Lake Harriet (Lake in Minneapolis) listening to you. I can't make it to First Ave (been many times, including the party the night Prince died). Keep going. I will go and give you some sats. Remember Prince went by a Symbol for years because of Sony (thus 'slave' story) and exactly what is happening to you all still. Prince would have been a Bitcoiner.

Bitcoin: "Difficulty Adjustment" To me it is fascinating how Satoshi, back in November 2008 said the time between blocks is roughly 10 minutes. Before Bitcoin was released. Not knowing how many computers were out there solving the block for the Bitcoin timechain. I know it has to do with the Difficulty Adjustment but I have been looking for a really good explanation. This Comment was posted on Reddit /bitcoin subreddit a few hours ago. If it isn't any good, please comment and I will compile a better post with your responses. Thank you. https://www.reddit.com/r/BitcoinBeginners/comments/18eyf3d/bitcoin_difficulty_level/ igadjeed · 2 hr. ago TL;DR Difficulty is defined as 1 for Satoshi's original mining target 0x1d00ffff which equates to 4,295,032,833 hashes per block (average) hashes per block = 4295032833 * difficulty Difficulty is a made up number. The winning condition for mining is a block with a header which has a hash less than target. The target is adjusted every 2016 blocks using a simple time ratio formula New Target = Old Target * (Actual Time of Last 2016 Blocks / 20160 minutes) It's easy to see how that formula calibrates target for 10-minute average block intervals A bigger target is easier and vice versa More about target in Antonopoulos, chapter 10 https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch10.asciidoc How many hashes per block, average? This is another simple formula, because hashing is simple random probability guessing average hashes per block = 2^256 / target Historical quirk ... When the first target was hard-coded into the genesis block, the adjustment code was written so that the target can never be larger than this initial value, never easier. The effect was that the first 32256 blocks all have this initial value and those blocks took about 15 minutes each. The first adjustment (harder, smaller target) was in block #32256 When difficulty was defined, it was defined that difficulty 1 equals the first target. The target can never be bigger (easier) than 0x1d00ffff, and this equates to difficulty 1

Difficulty - Bitcoin Wiki

Using the second formula above, the average number of hashes for the initial target 0x1d00ffff is 2^256 / 0x00FFFF0000000000000000000000000000000000000000000000000000 = 0x100010001 = 4,295,032,833 which is slightly bigger than 232 Thus, the ratio of hashes per block to difficulty is 4,295,032,833 That's how it lines up Target adjustment happened a few blocks ago. Current target is 0x17042e95 Hashes per block 2^256 / 0x042E950000000000000000000000000000000000000000 = 289081079999067160436035 Divide by 4,295,032,833 to calculate difficulty 289081079999067160436035 / 4295032833 = 67305906902031 Alternatively, as per the Wiki page difficulty = difficulty_1_target / current_target 0x00FFFF0000000000000000000000000000000000000000000000000000 / 0x042E950000000000000000000000000000000000000000 = 67305906902031

Bitcoin: "Satoshi Nakamoto's Historical Posts" Author: I was a Business Intelligence (BI) Developer for 35 years in Corrupt-orate America. I loved my work, but always hated the jobs. My profession is deeply personal too. I had to fight like hell when my wife was diagnosed with Incurable Stage IV cancer at 31. I only could turn to the data and push like Hell. I ran one of the largest cancer mailing lists on the planet the early days, using the same MLM Majordomo that Satoshi used. Bottom line, my wife is ALIVE and I am a national level Patient Advocate for Cancer. I am profoundly grateful for the doctors and science. There are real geniuses out there. I'd be happy to introduce you and to show you how wrong I was, for the first 7 years, about my assumptions on Cancer Research/the NCI/Big Pharma until I was invited behind the scenes. I need no validation, I take pride knowing Saylor knows with BI it is all about the data. Even if it isn't formatted well, errors, spacing, it is hard for you to take my work into Excel and pass it off as your own like you did for decades. I got nothing and fought the system. While I am too young to retire, I am done with that world thanks to Bitcoin. However, I am not done from showing you the power of the data, in Bitcoin's case, 'words' spoken today and yesterday and tomorrow. Thanks to the podcasters who let me mine their data (Open sourced like it should be with Bitcoin) with podcasts with Transcriptions. An Open ledger of sorts. Here is a 'manual' effort (full of holes and formatting issues) as I tried to go back and capture all of Satoshi's posts explaining Bitcoin. Most really applicable today. I tried to keep them in order and I need to just put this out there. (I have been sitting on it for months.) Yes these are out there but they are in a format that isn't suitable for consumption.. (you have to click on each link, can't scan for things etc.) More from the Author: My formula in my profession and for personal use (Cancer/Bitcoin) is the same, open source it all to push for change, real change for curing cancer for the terminally ill and curing the terminal banking systems. Formula: Data to Information to Knowledge to Power Power to the People (hear this Banks/Cancer?) Who cares if you have a lot of data if you are not using it, "Data Rich, Information Poor." My favorite t-shirt I own #1 Satoshi's "Hello World" moment Bitcoin P2P e-cash paper 2008-10-31 18:10:00 UTC..... https://bitcoinapolis.blogspot.com/2023/12/bitcoin-satoshi-nakamotos-historical.html

"Positive Black Swan Events" Black Swan events are usually only viewed from their negative side, these Black Swan events have huge impacts, are ridiculously rare, but have been deemed to be 'obvious in hindsight' but come into our world as a surprise. Even more rare are positive Black Swan Events, like the Internet is considered one. So is Bitcoin. @Swan Bitcoin I'd love to see your loghttps://m.primal.net/HSvv.jpgo in Black and White to explain yet another phenomenon of Bitcoin.

@Carl B Menger did you get tossed off X? You have some of the best content. I just saw your Snoop Dogg one on Reddit and laughed hysterically.

Bitcoin Note: "Don't feed the Trolls" November 29, 2023 "Charlie Munger wasn't an advocate of Apple...." - Saylor (2022) Charlie Munger left a great legacy of the 20th Century, BB (Before Bitcoin). He never embraced technology, sadly he criticized technology when he didn't understand it. Today, I think it is wise to remember what Saylor has been saying for years, essentially anyone can criticize something they don't understand and perhaps it is in people's best interest to advocate for themselves and to not listen to experts. Especially when experts are clearly not putting in the time to understand something they are criticizing. In Saylor's words, note how he rightly called out Peter Schiff as being a Bitcoin Troll. What I didn't know is just how little of Peter's portfolio is actually invested in Gold, a mere 5%. Saylor, from March 12, 2022 " I don't think we should be spending a lot of time fixating upon the opinions of of famous and powerful and rich people about a technology that they have not chosen to make a focal point of their interests well especially when they're 98 years old. I think the more important point is everybody thinks for themselves so you wouldn't go to Charlie Munger and ask him to pick out stocks in your (portfolio). Like name every winning stock in the past decade Netflix Google Apple Facebook Amazon how many of them were recommended to you by any of these people? None of the Bitcoin antagonists or critics would have recommended or did recommend any of those stocks so it's it's kind of a moot point it's really just marketing or "sparks" that are being sent up because what happens is these guys in the media. (The media) interview them and they want to get a rise out of them so they actually throw this out there nobody's asking Warren Buffett's opinion of silver or gold right now because no one's interested in hearing the answer." ON CRITICS AND GOLD: "The fundamental point here is is you have to give the world a solution to their problem not just be a Critic if you want to be a Critic you can criticize everything but but what's his answer if you listen if you listen to Peter's (Schiff) debates what he says is he only has five percent of his portfolio invested in gold which means that he has 95 percent invested in something else. But what is this something else and the point is he you know you're back in the same you know hedge fund Shuffle mentality it's like just give me all your money and I'm just going to shuffle it with random 95 opacity on random stuff back and forth but don't question it. What about the five it was a recommendation he would own more than 50 percent of his portfolio in the gold but he doesn't believe in it so but his argument would be I don't recommend people to buy 50 percent I recommend people to buy two to five percent that's his position he doesn't have an answer to the that that means that you're going to lose 95 percent of your wealth. The issue with Peter is Peter's not offering a solution to the world right he's simply trolling Bitcoin and he's not trolling Bitcoin with any any real concrete criticism other than he just doesn't like it. Find me somebody in the world who has invested more than 50 percent of a portfolio in gold or at a billion dollar level. I got my position is pretty clear I've invested almost four billion dollars in Bitcoin." ==== Me: To prove Peter Schiff is a Bitcoin Troll as Saylor stated over 20 months ago, look at this recent poll of Schiff's, the results. Almost 25,000 responses. Bitcoiners are feeding the troll's ego when he could questionably be a 'Gold Bug' at 5% of his wealth. Schiff's Total Net Wealth is a fraction of Saylor's but more importantly Saylor's value to society is astronomical compared to Shiff's. Saylor wants to leave a legacy for the world, selfless. Schiff wants to leave a legacy of himself, selfish. I have dedicated my Bitcoin time to go back and 'mine' words spoken in the past since each day that passes the words still are meaningful with Bitcoin. Since Day 1 with Satoshi, that is one of the secret beauties of Bitcoin to me, "words spoken yesterday are still relevant today." This effort post (manual) of mine below has the entire Gold Debate by Saylor point by point showing why Bitcoin is superior to Gold.

Bitcoin: "Digital Gold versus Analogue Gold"

Bitcoin Commodity Saylor Data

Source of the Schiff Bitcoin Poll:

X (formerly Twitter)

Peter Schiff (@PeterSchiff) on X

When will #Bitcoin crash?

OOPS...second attempt sorry, perhaps there is a hidden meaning to "It's a small world." Kids: Don't do drugs.

Perhaps there is a hidden meaning to "It's a small world?" Kids: Don't do drugs

Bitcoin Post: "Block the Blockers on X" I have relapsed after 3.5 months and started posting again on X. I tried to be NOSTR only but I am so torn because NOSTR shouldn't and doesn't want to be about Bitcoin only. I get it. But I want a feed of Bitcoin only somewhere. I am trying to not stoop as low as Blue Check. In the meantime, I have a new strategy after being blocked by people. Make sure you block them too. They don't deserve to see anything you are writing. Probably adds value. I carry them like badges. My top three who have blocked me. 1) Craig Wright - blocked me immediately, after I simply posted to any judge or jury. Just as if it were his resume, instead of court, we know Satoshi coded Bitcoin in C++. Ask him to explain his code or ask him to code in specific parts of Bitcoin. No big deal if he wrote it. 2) Spencer Schiff - blocked me after I asked how his dad could have offspring who understands Bitcoin enough to buy some. 3) Greg Foss - this one still stings. I was super supportive of Greg, early on when he first appeared on "Hard Money." I challenged him once though and got blocked. On his then constant promotion of El Salvador. Bitcoin has no boundaries, imaginary man made lines drawn on maps, it's for all. My specific challenge was, without any emotional context, was El Salvador's GDP is less than our lowest US state by GDP. Annual GDP: Vermont: $37 Billion with a population of 650,000 people El Salvador: $29 Billion with a population of 6,300,000 people No offense intended to Vermont or El Salvador or FOSS....but he blocked me. Really? (Petty to do the same, man, I know. A million of we shrimps out there have just as much, or more, influence as one giant blow hard Orange Whale.