An Honest Node's avatar
An Honest Node
npub1ayvx...dpcw
Bitcoin
I need to really start focusing on my health. Time to lose this extra weight
April of 2028 Bitcoin will go from a new supply of 450 coins per day to 225 coins per day. The supply shock is going to be insane!
❓Why do we have money printing❓ ❗️Because humans have a never ending insatiable desire for more stuff. ❗️ 👉 Which leads to money debasement and debt slavery. 👉 Which leads to degeneracy and unhappiness. 🍊Sound money on the other hand leads to discipline, dignity, and fulfillment.
Actual photo of someone who thought their nation’s currency was “safe” wheelbarrowing tons of it for a piece of bread. image
Some people might not realize the “P” in BIP-361 means “Proposal” Just because someone makes a proposal doesn’t make it Bitcoin Law. In fact 80% - 85% of Bitcoin Improvement Proposals actually get implemented. That’s the beauty of Bitcoin it takes consensus of the network to make a change. We all have to agree it’s good for Bitcoin or the proposal gets rejected! image
Why do we pay taxes when they can just print trillions of dollars? 🤔
There’s no reason for me to own STRC over BTC I’m 42 and don’t need cash flow. I’d much rather have capital value growth.
Why are you investing into the S&P when you know it’s part of the problem (inflation and debasement) Source: Hard Money Hustlers on YouTube
If you want me to do something for you just ask and zap some Sats!
There are different types of Bitcoin wallet addresses: 1. Legacy Addresses: (P2PKH) “Pay To Public Key Hash” - Starts with “1” ▪️Original Bitcoin address format. 2. Script Addressed: (P2SH) “Pay To Script Hash” - Starts with “3” ▪️Used for multisig or more complex transactions. 3. SegWit Addresses: (P2WPKH) “Pay To Witness Public Key Hash” - Starts with “bc1q” ▪️Modern standard wallets, lower fees, & more efficient. 4. Taproot Addresses: (P2TR) “Pay To Taproot” - Starts with “bc1p” ▪️Latest upgrade, better privacy & efficiency. Use for ordinals, runes, smart contacts, etc.
Bitcoin is an open source protocol but what does that mean? Open Source - means anyone can look at the code and see what it does exactly what it claims to do. Protocol - A set of rules that everyone has to follow. Think of it like English, Math, The internet, or Driving. When we talk English I have to speak the words (the rules) of the protocol. If you say something to me and I reply in some alien language that would break the rules of the protocol. In math If I say 2+2 = 5 that would break the rules of the protocol it would not be math and nobody would accept that as truth. Same with the internet. You have to send packages of information on the TCP/IP protocol exactly by the set of rules the protocol says or the internet wouldn’t work. And the same goes with the traffic, the entire system would break if nobody stopped at red lights. Bitcoin is the same thing. It must adhere to to all the rule of the protocol or it wouldn’t work. And anyone can look at the code to see what the rules are and how it is implemented.
Let’s play a game of “Where’s Michael Saylor”! Try to find him in this pic image
Honestly analyzing this Bitcoin transaction… It looks like 84 BTC ($5 Mill) moved, but it’s a classic UTXO spend. 84 BTC was used as an input (the fat line on the left) but only 5 BTC was actually spent (the top transaction on the pic towards the right) 79 BTC was just change returned to the sender on a new address (bottom fat line towards the right) The multiple small outputs are likely batching (sending to multiple people) or wallet management (most likely automatically done by wallet software) So after analyzing this transaction they spent about 5 BTC out of an 84 BTC UTXO and the rest went back to the person as change.