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Trey
tshodl@nostrplebs.com
npub1m6y9...e2p9
VP, Sales, Unchained | Advisor to Cantilever | FIRE ๐Ÿค Bitcoin | Banker turned bitcoiner: previously Truist, MetLife, Goldman Sachs, Deloitte Helping bitcoiners achieve financial independence and FIRE practitioners understand bitcoin at firebtc.substack.com
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trey 1 year ago
Gettin' after it tonight!
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trey 1 year ago
How do you say "safu" in Japanese? "Please rest assured that all of your Bitcoin (BTC) deposits will be fully guaranteed as we will procure the equivalent amount of BTC that was leaked with support from our group companies," the announcement stated. image
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trey 1 year ago
Stocks are trading at the same gold value as 1970. image
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trey 1 year ago
"The fact that politicians can just print money is the reason we're addicted to wars." ๐ŸŽฏ๐ŸŽฏ๐ŸŽฏ FIX THE MONEY, FIX THE WARS
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trey 1 year ago
Bitcoin is an amazing tool for financial independence. "Bitcoin has many features that make it the best money the world has ever seen. No-one controls it. It is permissionless and open to anyone. It can be sent across the world instantly, for a very low cost, and at any size โ€“ large or small. It is resistant to seizure and censorship. It is cheaply and easily verifiable and cannot be faked. But arguably the most important feature, especially in the context of storing your hard-earned value, is that bitcoin is absolutely scarce. It has a hard-capped supply of 21,000,000 units that cannot be changed. One bitcoin will always equal one twenty-one millionth of the total supply. This is in stark contrast to the supply of dollars, which is consistently increasing. Nobody on the planet, including those in charge of the current monetary system, knows what the supply of dollars is at any given time or what it will be in the future. The one thing we do know is that because our money is engineered to lose value over time, thatโ€™s exactly what will happen. Accepting the certainty of monetary debasement is not an option, so instead we are forced to invest in other assets that are harder to produce than fiat money but also have virtually unlimited supply." Check out my full post here ๐Ÿ‘‡๐Ÿ‘‡ https://treysellers.com/bitcoin-fire/
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trey 1 year ago
7 reasons to run your own bitcoin node If youโ€™re wondering why you should run a bitcoin node yourself, there are many benefits to considerโ€”both personally and for the security and resiliency of the bitcoin ecosystem. 1โƒฃ Enforce the bitcoin ruleset - Enforcing the ruleset helps uphold the integrity of bitcoin. If there is ever a proposed forkโ€”a change in the rulesโ€”with which you disagree, running a node enables you to resist the change and continue to support the existing rules. 2โƒฃ Verify received transactions without third parties - Verifying received transactions with your own node offers you proof that nothing has been manipulated and no transaction youโ€™ve received violates the ruleset. 3โƒฃ Improve your privacy - Using your own node prevents exposing identifying information about yourself unnecessarily, and your broadcasted transactions are relayed in the same way as any transaction, which helps protect the nodeโ€™s identity. 4โƒฃ Get local access to blockchain data - Running your own node gives you better access to information about bitcoin and the bitcoin blockchain. There are a couple of powerful tools that help in this regard, the most notable being a locally-hosted block explorer. 5โƒฃ Help bolster the decentralization of bitcoin - When you run your own node at home, you take possession of a copy of the bitcoin blockchain and ruleset and maintain it at your unique physical location. No one can prevent you from accessing your node or limit your ability to use it. 6โƒฃ Run a Lightning node and open payment channels - A Lightning node is best run in tandem with a bitcoin archival full node (although it is possible to set one up without a bitcoin node, there are privacy and security trade-offs). 7โƒฃ Increase your bitcoin knowledge - Running your own bitcoin node offers all the advantages outlined above while increasing your knowledge of bitcoin and the key components that make it work. With the knowledge and experience you gain from running a node, bitcoin becomes more useful to you, and youโ€™re able to help others use it as well. 8โƒฃ (BONUS) Connect your @unchainedcom vault to your own bitcoin node - You can verify the balances and transactions in your Unchained vault directly on your own node by using open-source software like @SparrowWallet or Caravan. Check out the full article on the Unchained blog ๐Ÿ‘‡๐Ÿ‘‡
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trey 1 year ago
Within 10 years, every major energy producer will have bitcoin mining integrated into their operations.
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trey 1 year ago
THE ENDOWMENTS ARE COMING "In a groundbreaking partnership, Unchained and the University of Austin (UATX) are launching the first long-term endowment fund held in bitcoin. This innovative collaboration aims to raise $5 million, which will remain invested in bitcoin for at least five years. This initiative marks a significant step in integrating bitcoin into higher education, reflecting a mutual commitment to forward-thinking financial strategies."
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trey 1 year ago
Chick Fil A automated delivery cart in my neighborhood. The future is now ๐Ÿ”
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trey 1 year ago
๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ The Fed and the US Treasury, in cooperation with the banks, have NO CHOICE but to print. Devaluation in real terms is the only way out. Financial repression is back. Buy bitcoin and hodl in cold storage. ๐Ÿซก
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trey 1 year ago
Yellen and Powell are trying to thread the needle. Will they succeed?? image
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trey 1 year ago
We have accelerating debt. Accelerating inflation. Accelerating global conflict. Accelerating awareness. Accelerating development. Accelerating adoption. Accelerating big money. There's a very good chance the bitcoin price ACCELERATES this cycle.
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trey 1 year ago
They roasted the GOAT last night. ๐Ÿ Lots of funny moments. Noone likes to have their mistakes, failures, and embarrassments on full display. The amount of nerve and confidence it takes to voluntarily have your belly flayed in front of millions of people is truly admirable. image
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trey 1 year ago
YOU CAN'T ESCAPE THE BITCOIN MIND VIRUS. Even in the hallowed halls of Berkshire Hathaway. You might as well embrace it while you still have a chance to own a full coin. image
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trey 1 year ago
Trying to change my primal LNURL from the random default and getting this error. Anyone know what's wrong? @primal image
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trey 1 year ago
๐–๐ž๐ฅ๐œ๐จ๐ฆ๐ž ๐ญ๐จ ๐ญ๐ก๐ž ๐ฐ๐จ๐ง๐๐ž๐ซ๐Ÿ๐ฎ๐ฅ๐ฅ๐ฒ ๐ฐ๐š๐œ๐ค๐ฒ ๐ฐ๐จ๐ซ๐ฅ๐ ๐จ๐Ÿ ๐Œ๐ข๐œ๐ค๐ž๐ฒ ๐Œ๐จ๐ฎ๐ฌ๐ž ๐“๐ก๐ž๐จ๐ซ๐ฒ (๐Œ๐Œ๐“), where the rules of economics are as bendable as cartoon physics and money grows on trees, just waiting to be plucked! In the land of Mickey Mouse Theory, Mickey has a giant money printing machine, churning out dollars faster than Goofy can tumble head over heels. In this colorful cartoon world, there's no need to worry about pesky things like inflation or national debt. Why? Because in the world of Mickey and friends, money is just another tool in the toolbox, ready to fix any economic hiccup. Here's how it works: Whenever the Toontown economy looks a little gloomy, Mickey and his gang simply crank up the money machine. Roads are crumbling? Print more money. Schools need funding? Just add more zeroes to the budget. It's all in a day's work for our animated pals, who never face the consequences of overspending. Critics of Mickey Mouse Theory might scoff, saying this could lead to economic disaster in the real world. But fear not! In the magical realm of MMT, prices remain stable, supplies are endless, and every day is a boom in the economy with no bust in sight. The idea is that as long as there's idle capacity โ€” whether it's unused land, unemployed workers, or factories not running at full tilt โ€” our cartoon government can keep spending without triggering inflation. It's like having an endless supply of Acme products, but for the economy! The most magical part? According to proponents like Minnie Mouse (with her honorary economics degree), this isn't just fantasy. They argue that as long as a country controls its currency, it can manage its economy just like Mickey manages his clubhouse โ€” with a smile, a song, and a never-ending stream of cash. Of course, in the real world, economists would warn us that unchecked money printing can lead to inflationary pressures, much like too many cartoon characters in one episode can lead to chaotic plotlines. But in the cheerful episodes of Mickey Mouse Theory, such worries are for another day. Today, it's all about solving problems with a happy tune and a freshly printed stack of bills. So, let's tip our ears to Mickey and his fantastical approach to fiscal policy. In the world of Mickey Mouse Theory, every day is an adventure, every problem has a solution, and the economy is just another episode in the ongoing cartoon saga. Who knew economics could be so animated? image
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trey 1 year ago
Fiat bros think only a small, elite group should be able to print money. Crypto bros think everyone should be able to print money. Bitcoiners think NOBODY should be able to print money.
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trey 1 year ago
The bitcoin Halving is coming soon. The attached video demonstrates how to check the block subsidy at any block height using Bitcoin Core. You can follow these same steps at block heights 839,999 and 840,000 to watch The Halving unfold. =========================== The Halving provides a shining demonstration of the hardness of bitcoin, not only in the sense of its absolutely finite supply, but also in the decentralized consensus mechanism at play to enforce the rules of the game. Bitcoin is hardened to the influence of any individual, government, or corporation. No committee or dictator is required to manage bitcoin's monetary policy. It simply works. Every 210,000 blocks (~4 years), bitcoin's issuance rate is halved, which will continue to its maximum total supply of 21 million BTC. This issuance rate is also referred to as the block "subsidy", which is paid to each miner that finds a new block to be added to the bitcoin blockchain (aka "timechain"). The subsidy started at 50 BTC per block, and it has halved 3 times in the past to the current level of 6.25 BTC. So every new block, which is added approximately every 10 minutes, introduces 6.25 BTC of new supply into the bitcoin ecosystem (~900 BTC per day). The next Halving will occur in just a few days at block height 840,000. At that time, the block subsidy will be halved again to 3.125 BTC (~450 BTC per day). By running bitcoin protocol software, you have the ability (yes, YOU) to fully verify the entire system, including The Halving. Bitcoin allows you to be your own central bank. Take your monetary sovereignty into your own hands!
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trey 1 year ago
Bitcoin will eat all store-of-value assets...even AIRPLANE ENGINE RESERVES โœˆ๏ธ Here's an overview ๐Ÿ‘‡๐Ÿ‘‡ Airplane engine reserves are specifically set aside by airlines and owners of private aircraft to cover the costs associated with engine maintenance, repair, and overhaul (MRO). These reserves ensure that engines remain in optimal condition throughout their service life. Engine reserves are often calculated on a per-flight-hour basis. This means that for every hour an airplane is in the air, a predetermined amount of money is allocated to the engine reserve fund. These reserves are a crucial component of the financial planning strategy for airplane ownership. They help owners manage the substantial costs of engine maintenance without impacting operational budgets unexpectedly. For leased aircraft, engine reserve contributions can be a key part of lease agreements. Lessees may pay engine reserves to lessors, ensuring that the engine's value is maintained over the lease term. The amount set aside in engine reserves can vary significantly depending on the type of engine, its maintenance schedule, and the cost of parts and labor. Engines with higher performance and maintenance costs will typically require larger reserves. Engines are subject to intense wear and tear due to the extreme conditions they operate in. Engine reserves act as a form of insurance, ensuring that funds are available for necessary maintenance and parts replacement. Maintaining adequate engine reserves is also a matter of regulatory compliance. Aviation authorities may require airlines to demonstrate that they have sufficient funds allocated for maintenance and repairs. By ensuring that engines are regularly maintained and overhauled, engine reserves contribute significantly to the overall safety of air travel. Proper maintenance reduces the risk of engine failures and other in-flight issues. The cost of maintaining engine reserves is one of the many operational expenses that can influence airline ticket prices. Efficient management of these reserves can help airlines control costs and offer competitive pricing. Beyond immediate maintenance needs, engine reserves help airlines future-proof their operations. By setting aside funds for engine overhauls, airlines can extend the operational lifespan of their aircraft, ensuring sustainability and profitability in the long term. ------------------------------------------------------ Of course, bitcoin is the best asset on the planet for storing capital reserves. Anyone responsible for maintaining an engine reserve should consider bitcoin as that vehicle. I don't have my own plane (yet ๐Ÿ˜€), so this engine reserve concept was new to me. Unchained has at least one client doing this (you know who you are!). Any other pilots or aircraft owners using bitcoin for your engine reserve?
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trey 1 year ago
Property taxes are so insidious. Other people print money, causing the nominal value of your house to increase. Property taxes are assessed on the current value of your home, so as the property value rises, so does your tax bill. But that extra home value is not liquid and therefore not accessible to pay the increased tax burden. If the property tax rises too much, some people may need to take on debt or even sell the property to pay it. This should not stand in any civilized society. image
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