The best thing about the Core v Knots ordeal is more people running nodes, even if they don’t fully understand how it all works yet.

Non-economic actors who want to destroy bitcoin will gladly pay a 4x higher fee for OP_RETURN, but they’re too lazy to bypass the mempool altogether. Make it make sense.

Financial independence is a spectrum, not black and white.

This is the most depressing thing I think I've seen on X. The state of personal finance education is absolutely rekt 🤦‍♂️

🤦‍♂️ Mr. Money Mustache still says “bitcoin is stupid.” 7 years later, it’s up 10x since his post. Here’s why he’s still wrong…

🤦‍♂️ Why Bitcoin is Stupid (Revisited)

FIRE BTC #48 - Mr. Money Mustache doubles down

If you don’t run a node, you have no right to complain. If you do run a node, you have no reason to.

Money solves the coincidence of wants (apples → shoes) and reduces uncertainty about the future by giving us optionality. Holding money is using it. Spending is just the final step. Saving is using.

Bitcoin is having its Covid moment. The gain of function mutation in Core v30 that removes the default OP_RETURN relay policy size limit has resulted in an environment in bitcoin culture that closely mirrors the Covid era. The threat of the spam virus has turned normally level-headed, sane bitcoiners into hysterical hypochondriacs with a touch of authoritarianism. One side advocates for mask mandates and quarantines, while the other side hosts superspreader parties in brazen mockery. I’ve seen public shaming, baseless virtue signaling, shameless moral superiority, and even appeals to law enforcement to arrest offending opponents. Each side parrots the party line, taking cues from their respective authority figures, and using language they just learned a week ago as if they’ve been experts all along. I’ve spent countless hours sifting through the noise, doing my best to fairly consider each argument. My perspective is this: Filters are like wearing a mask when you walk through a restaurant, only to take it off when you sit down. Masks don’t stop the virus, but if it makes you feel better, then go for it. However, there’s a wave of mass hysteria spreading, where reason and thoughtfulness has been overcome by a fever of existential crisis. And as it was during Covid, this lockdown-style reaction is way worse than the disease you’re fighting. Bitcoin will be just fine. It is healthy, fit, strong, and has a great immune system. The best thing you can do is get some fresh air and some exercise. This is not an existential threat in any way, and we shouldn’t treat it that way.

Funny how Core v Knots is playing out exactly like Covid did. History never repeats but it often rhymes!

Just admit it… None of y’all had heard the term “CSAM” before a few weeks ago. I had to look it up too, just like you did😆

What price will bitcoin be at block 1,000,000?

Money isn’t for spending. Wait… what?! 😳 Hear me out: spending happens when you’re DONE using money. The real use is holding it. That’s why fiat fails and bitcoin wins. Full breakdown here 🔋

🔋 Use, Used, and Using

FIRE BTC #46 - Spend your bitcoin when you're done using it

Be productive and save 10-50% of the value you produce in bitcoin. The more productive you are and the more you save, the quicker you will reach financial independence. It really is that simple.

One of money’s principal uses is to reduce uncertainty about the future. Bitcoin provides perfect certainty through its hard-capped supply. It’s the best tool for the job.