Recently I saw a post on X and I can’t remember who said it but I love it
“Bitcoin doesn’t need developers. Bitcoin need maintainers”
Fix the Linux timestamp bug, implement quantum resistant cryptography and be there to fix any security bug we might find in the future is all I want from maintainers.
When it comes to the best money ever created I don’t need fancy covenants, JPEGs, DeFi or any other voodoo nonsense.
All I need is to be able to securely send, receive and store it.
Everything else is just a noise
plebeian
npub1ap9f...chga
Hodler, node runner, coffee drinker, book reader, coder, painter
Notes (20)
Nobody is ready for what’s coming
https://ai-2027.com/
Choosing between left and right is two dimensional game statist wants you to play
Opt out of the game where the rules are changed by the rulers as they play
#Bitcoin
If you don’t have an agenda you’re useless to your own progress
The most consequential changes happen in slow grinding roundabout ways. So slow that our brains are incapable of noticing minuscule moves of progress.
Yet, the change is real and as some wise people like to say - nothing stops this train.
Have a great day
It is legitimate right of every man and woman to think that socialism is good
It’s also legitimate for a parasite to think that sucking the life out of another living creature is good
It’s all legitimate but neither brings progress to society
There’s no such thing as supply shock
There is only demand shock
It is completely ok to understand both sides of the argument and not agree with any of them
It proves you’re using your own brain to form an opinion and it’s priceless
The wokeness in Europe is mentally unbearable
One thing I despise more than lies purposefully constructed to justify evil behavior is fake intellectualism whose purpose is to present critical views by hiding behind complex terminology, that have very little or no truth in it, in an effort to present oneself as a being with high intellect while hiding behind the fact that few people will actually understand what they are really saying.
In other words - I have no idea how to contribute to society but let me criticize in a way very few people will actually understand so they’ll think I’m a genius
I know we node runners are irrelevant so I’m gonna stay irrelevant and continue running both Knotz and Core but no v30 upgrades for me
Always be skeptical, never trust anyone
What all the “paper Bitcoin” people don’t understand is that actually paper Bitcoin is good
Because when markets figure it out it’s gonna explode
To the upside
Vibe coding is underrated
It’s not about creating apps that will rock the world so you have to pay attention to high level standards and quality
It’s about creating apps that will make your own life easier and better - for your own personal use
When individuals are given liberty and freedom to pursue their passion and follow the curiosity of their minds, the progress is inevitable
Collectivism is evil and it always leads to some form of slavery
People will lose their mind and argue all day if #Bitcoin is money or not.
Bitcoin is Bitcoin, everything else is not Bitcoin
There, I solved that one for ya all so you don’t have to lose your minds
We all want to be richer tomorrow
But if you want to be even richer the day after tomorrow multi-months consolidation is the best way
#Bitcoin
At least for a day you get to enjoy using iPhone instead of Android until Apple also figure it out and starts banning self custodial wallets
Hope it lasts for at least two days
You know how boomers brag about buying houses for $100k back in the days
Well you got an opportunity to buy #Bitcoin for $100k so you can brag when you age
Don’t miss the opportunity
Why is mNAV of Bitcoin treasury companies important, but not in the way you think it is?
Individual human actions are unpredictable by definition. However, actions of groups of individuals are much easier to predict and it shows in typical and cyclical market cycles.
Hyped retail investors will jump on a band wagon of a random Bitcoin treasury company without understanding the fundamentals of market forces. They'll buy a stock of a company that trades at ridiculous mNAV hoping to ride the wave on a thrill and euphoria but without understanding that MARKET FORCES WILL ALWATS ACHIEVE NATURAL EQUILIBRIUM WITH TIME.
As time progresses the mNAV of any Bitcoin treasury company will always trend towards one plus free cash flow the company is able to attain from regular operating business (if it has one and if it is profitable).
But, this is not easy to understand because we are psychologically wired to fall under the influence of our emotions and we need to "keep up with Joneses".
Don't fall for it. The underlaying value of any of these companies is the value of Bitcoin, so for most people it is much safer and easier to invest in Bitcoin instead of hyped Bitcoin treasury company.
Let me give an example.
Metaplanet stock has plummeted since June by more that 50% while Bitcoin is at the same level it has been in June as is on a verge to break out. So, if you invested in #3350 only two months ago, just because you favorite influencer or podcaster shilled it (for which they are probably paid) you have lost 50% of your capital.
Sure you could have made 20x if you invested in Metaplanet in October 2024 but why didn't you? Because there was no hype that you could notice so the opportunity is missed.
Thank you for the attention to this matter and have a great day!
Hyped retail investors will jump on a band wagon of a random Bitcoin treasury company without understanding the fundamentals of market forces. They'll buy a stock of a company that trades at ridiculous mNAV hoping to ride the wave on a thrill and euphoria but without understanding that MARKET FORCES WILL ALWATS ACHIEVE NATURAL EQUILIBRIUM WITH TIME.
As time progresses the mNAV of any Bitcoin treasury company will always trend towards one plus free cash flow the company is able to attain from regular operating business (if it has one and if it is profitable).
But, this is not easy to understand because we are psychologically wired to fall under the influence of our emotions and we need to "keep up with Joneses".
Don't fall for it. The underlaying value of any of these companies is the value of Bitcoin, so for most people it is much safer and easier to invest in Bitcoin instead of hyped Bitcoin treasury company.
Let me give an example.
Metaplanet stock has plummeted since June by more that 50% while Bitcoin is at the same level it has been in June as is on a verge to break out. So, if you invested in #3350 only two months ago, just because you favorite influencer or podcaster shilled it (for which they are probably paid) you have lost 50% of your capital.
Sure you could have made 20x if you invested in Metaplanet in October 2024 but why didn't you? Because there was no hype that you could notice so the opportunity is missed.
Thank you for the attention to this matter and have a great day!"To temper with nation's money is to tamper with every economic aspect of people's lives: earnings, savings, how much one pays in nominal terms for every purchase made. When money is manipulated at will by politicians, it always leads to chaos, unemployment and political upheaval. For this reason it is imperative that we identify money that cannot be abused, that prohibits inflation and allows responsible working citizens to prosper."
-- Mark Spitznagel