Let’s say 90% of gold’s value stems from its monetary premium, not its utility (for jewelry, electronics, etc). As such, it is primarily the properties of gold as money that dictate this value. Gold is durable and scarce. It is not salable (where can you buy things with it?), it is not divisible (in practical terms for users), it is not portable (who wants to carry around their gold that they can’t even spend?), it is not uniform in a practical sense (we don’t all use gold coins or certificates that are the same), it is not verifiable (for obvious reasons), it is not accessible (how many people around the world can reasonably use gold day to day?). So if durability and scarcity alone drive 90% of gold’s value, then those same properties, plus all of the others that Bitcoin truly has, implies the inherent value of Bitcoin is significantly higher than that of gold. @Saifedean Ammous @HODL @jack mallers

Hi @nat brunell I bought you book for each of my two no-coiner sisters for Christmas, and for myself. Thank you ❤️

I am a Bitcoin treasury.

Went to my first #Bitcoin meetup last night, met 12 really kind, thoughtful and interesting local people and talked for several hours about #BTC. Got to hear some fun stories of how people were orange pilled and learned some interesting history about El Salvador and the previous monetary systems there and some of the challenges they are facing with all of the changes and influx of foreign capital.

I was taking a walk down nostalgia lane remembering the game Oids from the early 90s and I came across this image. Look familiar to you? #btc chart maybe?

I just orange pilled my mom thanks to Joe Bryan and @Danny Knowles with this video:

Forever Laura.

Is it silly to spend $17 on an upgraded heatsink for my #Bitaxe when I’m only mining 65 sats per day, best case? If I increase that to 75 sats per day with the new heatsink and overclocking, what is my time to ROI if the sats increase in value at an average annualized return of 43%, while the $17 decrease in value at -5% annualized? Assume zero energy cost with solar, no halving, constant mining rate, 100% uptime and no other variables. Does #nostr have spreadsheets yet? 🤔

Got my #Bitaxe up and running and mined my first 50 sats as part of the #Braiins mining pool today!

Just bought my first #bitaxe! I plan to build the next few. Will be powering them with solar.