Proof of stake explained simply by Lyn Alden: “[staking ETH] would be like a political system where you get a vote for every hundred dollars you have, and then also get paid a dollar by the government for casting each vote. Mary the high school science teacher with $20,000 in net worth gets 200 votes, and earns $200 from the government for voting. Jeff Bezos, with $200 billion in net worth, gets 2 billion votes, and earns $2 billion from the government for voting. He’s a more valuable citizen than Mary, by a factor of a million, and also gets paid more by the government for already being wealthy.” Proof of stake is just a recreation of abstract power that already exists today. The rich get richer. #[0]

“Humans replaced the emotionally fulfilling challenge of hunting and gathering (for which we are physically and physiologically optimized) with unnaturally sedentary and laborious lives filled with social isolation, infectious disease, health deficiencies, war fighting, and probably most devastating of all, high ranking sociopaths who psychologically abuse and systematically exploit their populations through their belief systems at extraordinary scale” -Jason P. Lowery

“Nearly all men can stand adversity, but if you want to test a man’s character, give him power.”

I’m not cheap, my Damus app is not letting me Zap right now

The next #Bitcoin  supply halving is about 1 year away (est. April 2024). After the supply halving, $BTC will have a stock-to-flow ratio that is lower than even Gold. Bitcoin's market cap is currently less than 10% of Gold's market cap. If the Bitcoin market cap was to match that of Gold, it would imply a BTC price of $310,000. Which is still conservative because Bitcoin is at least 10X better than gold as a store of value. IMO the halving is not priced in.

Life goal: Live long enough to see the last Bitcoin mined in ~2140. @remindmeofthis in 117 years.

“The truth is, one who seeks to achieve freedom by petitioning those in power to give it to him has already failed, regardless of the response. To beg for the blessing of ‘authority’ is to accept that the choice is the master’s alone to make, which means that the person is already , by definition, a slave.” -Larken Rose

most woke people need to get some sleep

Banks: Socializing losses Bitcoin: Socializing gains

Single issue voter - I only care about Bitcoin stuff

“With the right stories, people will forfeit physical power and lay down their arms. Sapiens can be domesticated by the stories they believe, and like lambs, they will walk straight into slaughter.”

Just believe.

NOSTR sucks ❤️

Buying up all the goddamn Bitcoin: My Magnum Opus

Barrels of crude oil in United States Strategic Petroleum Reserve (SPR): The SPR has been drawn for 16 months in a row, contributing to a lower reported CPI inflation number.

#Bitcoin price is in a forever pump. Few recognize this.

Ethereum must be stopped. …and it can be stopped because it’s centralized.

I’m buying all the Bitcoins

Quantitative Easing(QE) was introduced to the US in 2008 as a temporary fix. Since then, we have not been able to stop doing QE because there’s simply not enough buyers of our debt to support the level of government spending. In recent years, each slug of QE easing has been bigger than the last: Sept 2012: $40 billion per month October 2019: $60 billion per month March 2020: $120 billion per month