The moment Oprah realised she shouldn't have bought ETH.

BITCOIN IN ADDRESSES IS SCARCE, "BITCOIN" ON EXCHANGES IS INFINITE. I want to talk about the effects of #Bitcoin price suppression logically, but use extreme numbers to illustrate some obvious points... Suppose price was suppressed to $1 today using whatever methods available. What would happen is that all available bitcoin would very quickly be bought, then people would want more, and some who bought might sell for $2, and so on, and up we go. But why can't price be suppressed back to $1 forever? First consider the methods... They all involve either selling bitcoin that doesn't exist to people who think they getting bitcoin (ETFs or long contracts in various forms, that pay bitcoin or cash in the future at settlement - some never settle), or getting people with bitcoin to buy contacts in exchange for their bitcoin (the contracts being cash arbitrage profitable for the bitcoin holder). These people anticipate buying bitcoin back later with immediate dollar profits. Ultimately bitcoin always flows to people who want it more - so even though some people might sell some bitcoin in exchange for a contract, over time the bitcoin they relinquish goes to people who are less inclined to. Also, the people that are buying real bitcoin eventually get all the available bitcoin, and the people who are buying paper bitcoin lose all their dollars in exchange for infinite quantities of bitcoin (they're getting scammed). What happens when the people buying real bitcoin buy up all the $1 bitcoin and there is none left? Either 1) The exchanges acting badly abolish withdrawals (remember Celucius "HODL" mode? Or was that BlockFi?), with the honest ones having zero trading volume, and users with locked funds can continue to buy and sell fake bitcoin at the artificial price, but never self custody. They might even be able to trade p2p with this easy money (easy = not scarce and "easy" to produce, ie fiat), or they'd make fake unbacked derivatives (wrapped versions with no evidence of backing or ability to redeem). This will birth an ALTERNATIVE MARKET with real bitcoin which can only be exchanged by p2p trade directly with bitcoiners who actually have bitcoin, or via decentralised exchanges. The price of bitcoin will then find its true form, decoupled from paper bitcoin. Or They go bankrupt Or The price goes back up to a level where bitcoiners release some bitcoin back to the market, sufficient to allow fractional reserve to continue a LITTLE longer but at a higher price - THIS is what I think is happening, which is why bitcoin isn't $1 and also not $1M. The way the manipulation ends is by waiting. Bitcoin always flows to people who want to hold it harder. The price gets to $1M when most of the people who wouldn't sell at $1M (me include) own most of the bitcoin. Then up from there. I don't know how long it takes, but the lower the price, the faster the 1M+ holders get all the bitcoin. That is the logic I can't find a flaw in

Can someone explain general relativity to me like I'm 5?

I've been bursting out with "they're eating the dogs!" throughout the day randomly 🤣 I know I'm not alone.

I'm announcing BitVotr, a new voting protocol to fight election fraud, releasing today to the public domain. The whitepaper of the protocol is available on GitHub and has a website, BitVotr.com. Pull requests welcome. Questions and comments welcome in GitHub issues section, and will go towards a FAQ document later. The protocol introduces new concepts and borrows from old... - Proof of Tax linked to public keys (new). - Vote merging for anonymity (borrowed from coin mixing). - Peer to peer network to submit, sign, and merge votes (every voter is a peer). - Tamper proofing of count via pgp signatures. - Peers use RAFT protocol for consensus and data protection (borrowed). - Byzantine Fault Tolerance thresholds for minimum verification, and defends against network attack. - Data dissemination of the tally and signatures to Nostr and BitTorrent (no blockchain or token required). - Vote count by the public (like nodes in Bitcoin verifying blocks). - Election clock using Bitcoin timechain (without writing to it). BitVote doesn't force a tyrannical government to be honest and benign, instead, it makes election fraud evident. Voting doesn't overthrow tyranny, only revolution or total collapse does. Step 1 is to overcome the gaslighting and make fraud undeniable. Of course dishonest governments will reject this. The system must begin small, prove itself, and be unavoidable to larger and larger democracies. This is not an endorsement of voting as an ethical way to organise society, but if we are going to vote, it should be verifiable by the people it affects.

I've been working on a decentralized electronic voting protocol that's fully peer to peer, eliminates the possibility of electoral fraud or double voting, keeps votes private, and is verifiable by anyone. It benefits from Nostr relays, and Bitcoin’s clock, and DOES NOT require a blockchain or token. I would greatly appreciate cypherpunk eyes looking over it before releasing.

Dont forget the most important purpose of #Bitcoin ... Bitcoin ends the ability of anyone (central banks) from creating money for free (fiat), who then use it to plunder the planet's assets (which worsens the wealth gap), and they control peoples' minds (via media, education, scientific publishing, advisory bodies, politicians) to help them maintain control and the belief that their control of money is necessary, reasonable, and good for them. Thinking otherwise becomes "extremism". If you place "fuck the banks" higher in priority to "fuck the CENTRAL banks" (very different), then you become susceptible to shitcoiner narratives, and dangerous Bitcoin-upgrade narratives that risk priority 1 in favour of improving priority 2.

What has been said on social media that has wanted you to eliminate free speech all together? Please share your hurt here, dickhead...

If you ever feel small and insignificant, remember this... You are one of the universe's minds. You literally ARE the universe 🧡

The reason why most people support Trump over Harris, but polls show it's close is because the polls are fake (like the manufactured media hype) is so that when they rig the election, they'll be able to successfully convince enough people that the result was true. We need independent polls and for results to be widely publicised, to counter the propaganda. We need Nostr polls.

To understand what a Bitcoin node does, it's important to understand that the essence of a node is the PERSON running their chosen code/rules, not just the software/hardware. Run a node so that... 1. You can maximise privacy. Your wallet needs to connect to a node. If it doesn't need to rely on someone else's copy of the timechain data, you won't divulge your IP (your location!) nor you addresses (and their balances). It's potentially dangerous from attackers, but particular surveillance who WILL co-operate with your local ruler when it's confiscation time during the inevitable collapse of fiat. 2. You can verify if you have been paid - like checking a gold payment is real by melting it down. A bitcoin payment must register on your copy of the timechain. 3. Defend the rules of your money if there is a contentious fork - no one can force you to run Bitcoin Larry Fink's Vision, for example. 4. Be one of many cockroaches that need to be destroyed to wipe out the UTXO set (who owns what). Note even that doesn't kill Bitcoin, Bitcoin is an idea. They'd have to kill all the Bitcoiners. 5. Help someone else run a node, or provide the infrastructure so someone else can trust you and connect to your node. Remember, being a human node is not the power to run the software but the power to choose the right software to connect to - you can be that option for people, especially those you orange pill, instead of letting them connect to a random node. 6. Be super cool, and it gives you a great appreciation of the power of Bitcoin. You’ll probably end up buying more, and accumulating more girlfriends. armantheparman.com/why-should-you… open.spotify.com/episode/0p1m4c… Running a node is a essential skill to learn, and every one of my students is running one.

With Parman Bitcoin self custody & privacy mentorship, you don't get one of my underlings, or a large class, or videos. You learn from ME - 1 on 1, with direct supervision.

I just had a fight with ChatGPT, defending Pluto's right to be considered a planet. We are not same. Wait.

Arguing that "velocity of money" causes inflation (or has anything to do with it) is EXACTLY the same as a technical analyst trader thinking volume causes the price of a stock to go up. This is obviously nonsense once you understand the analogy.

Feeling cute, might go to the bank tomorrow and request to withdraw $58,000 in cash, a mixture of 20,s and 10's.

I like Nostr

Tulsi will be president in 2028. Also, would.

There is literally no sexier way to accept sovereign AF Bitcoin payments than running lightning, BTCPay, RTL, Thunderhub, on Parmanode , with Zeus lightning wallet on your phone. Try it on my donation page. just_saying.GIF

Donations – Bitcoin Guides

There, I said it.

Quick morning rant: No matter what... 1) anyone else does with their node, (whether it's -the version they have; the fork they have; if they run one of those sexy Parmanodes all the cool kids have, or the quantity of nodes spun up) 2) or no matter the number of bitcoin others might have... ...if you stay strong, no one can do ANYTHING to change the node you run, which is effectively YOUR CHOICE of the money you have adopted and accept as payment to your wallet. If no on agrees with you, it affects the quality of the money you've adopted, but it can never affect your choice. If the rest of the world adopted a shitcoin (fiat, gold, Bitcoin Finks Vision - doesn't matter which), it would mean the true Bitcoin adoption has gone backwards, not that Bitcoin has changed. They all will have to come back eventually after they get diluted to poverty by whoever the rulers of that version are. No one agreed with Satoshi at the start by the way, but true adoption of a money that no one can control has, and always will, continue to go up, until everyone in the world who hasn't perished, WANTS Bitcoin (not "has", as some will become Bitcoiners beginning in absolute poverty). I didn't make the rules, Satoshi did.