If @Adam Back came home drunk from a lesbian bar, how long would it take him to stumble the next block while he hodls a Honey Badger beer? @jack mallers lol

What are the real world implications of #bitcoin being lost in fires, etc? The common answer is it'll pump our bags, which makes sense to me. But. Why would it pump our bags, really? There isn't really less money chasing the same goods. Maybe it depends how you look at it. Maybe the og Bitcoin code had 210 million, and now all those coins are "lost" (unspendable, because they don't even exit), cos satoshi decided on only 21 million. Now 189mil coins have 0 velocity, so my bags have been "prepumped", if you follow. It only matters what people think is the total supply, but not for anything important. Wouldn't the free market just keep going exactly as it would if those coins never got spent? So I'm not sure how to think about this exactly. We've never had true scarcity that became more scarce. After all, it's not the amount of money in the economy that matters, only that you can divide it up. We only need 1 BTC with like 80 decimals. If that lost BTC never entered the market, then it's only economic purpose is to make guesses on global wealth, but it can never be known if a #BTC will suddenly come awake and have velocity. How to think about this? What are the implications to the global economy if scarce money becomes more scarce? first you gotta define "scarce" in that sentence ofc. Because if some of satoshi's coins are NEVER EVER EVER going to move because he's just super strong willed, or whatever, then it's identical (is it?) to him losing the keys. The BTC is either moving, or it's not. If I hodl for 100y then that btc is "lost", but then suddenly it has velocity, and the economy is effected. In a sense it's inflationary, it's like a weird brrr bug in the matrix or whatever. So the implications now bring in time. If I don't spend any money for 3 days it does nothing; but if don't spend for 100y that does something. In bitcoin's case there is only the one giant pool of BTC that slowly loses coins permanently. The pool is the pool regardless of how many there are (only right of the decimal place matters for MoE); the number of btc is like the size of the universe expanding, but nothing real to our planet happens just because the universe is inflating. And nothing in the economy changes just because there is suddenly less BTC. It gets complex because what about money that HAD velocity, did some sort of economic work, and then destroyed itself. That's like debt in a way.

What would happen if you spoke ONLY nonsense to a baby until 13? I wonder what their concept of the universe would look like! No way to run this experiment ethically tho. Although I'm not an ethicist, so I am unqualified to make that otherwise obvious claim. The baby would have a more or less normal and loving life. More or less, cos it's hard to interact in the world and expect only nonsense (or not these days lol). I suppose you could limit the baby's exposure to "normal" language, so you could spend 95% or her day speaking only nonsense. The trouble I see would be how her parents live a normal life. They'd have to communicate somehow. Even if they spoke normal to each other, but never to baby, the baby would learn something. Typical baby upbringing is reading books and pointing at objects. In nonsense land you'd what, randomly pick words and make it impossible to identify what's what? How would the baby ask for things; it'd be nonsense back to the parents..that could pose a problem. What would it look like I wonder. And I don't think it can be hypothesized w given expirements at all, because when else has there been loving parents there as well we non-standard communication. Abandoned kids not learning to talk is out of scope. I imagine under a loving environment, and perhaps the correct brain soup (idk?), I think it'd be possible for the child to learn something entirely new. Perhaps they invent a whole new type of langauge, or something else nature's finding-of-a-way could create as it adapted itself to the randomness.

**The next 51 days w prev cycle's fractal** It starts this week. Today. Then sometime soon, in the next few months, if things repeat identically, there will be many normies buying the top of the cycle that's designed to take your Bitcoin--crypto altcoin pump festivus. Make 10x your money in 2 months if you play it wisely. Or just convert to #BTC and ignore this cycle, next cycle, and the next 100 cy cles as the entire globe's digital monetary value gets sucked into the scarcest and most powerful black hole humans have ever witnessed. The intersection of Bitcoin and really powerful ai...we're not ready. We're really not ready. We're not wise enough yet. But we're here, and money is now #Bitcoin.

Can I use #nostr as my own secure hard drive? Instead of Google photos and drive. Is there a way to set post visibility? Would need an app that interacts in a relevant wat. Or maybe this problem is already solved elsewhere?

Does anybody have a source for the quote about any quantity of money being sufficient in an economy? #bitcoin #austrianeconomics

"Follow the money" is a layer 2 solution. The base layer is following the *mechanics* of money itself. #Bitcoin fixes this

Action is what makes the world go 'round. Our actions are energy in motion. Our energy is sold to the economy in exchange for money. Money is a byproduct of action. Money makes the world go 'round. #Bitcoin is truth money; hopefully one day it will reflect humanity's truthful actions...whatever that means. Money is simply information about human action.

I think I'm done in #bitcoin I didn't make it. I didn't grind hard enough; it's not in me. I squandered the opportunity for a fortune with greed and hopium. Instead of stacking and humility I had laziness and mistakes. Not sure what to do from here. Gotta start over but feel so useless and overwhelmed at the prospect of spending years working to stack again. Bear capitulation sentiment.

I have an old #Electrum #Bitcoin wallet from like 2016 I forgot the password. What's the latest and greatest magic trick for this?

I've been reading Rogers book on #Bitcoin just cos fuck it, I wanted to have a balanced view on things. He makes some good points that are beyond my technical ability. Where can I read even more? I've read block size wars twice alreay, but it doesn't really address the technical aspects.

I'm back in nostr after a long hiatus

Is the #bitcoin #etf good or bad? Will it be shorted? Will its surveillance remove non kyc to the masses?

Have you run across any ppl trying to model the world in 500y on BTC standard

Let's talk about #JasonLowery and #bitcoin and #powerprojection. In his latest #breedlove pod he said to attack you need to have a lot of BTC. I don't understand why this is so. The hashing is the power. The BTC is just a ledger. You could sign a message with only a fee attached and the network will accept the tx.

Cone somebody expand on the idea that Bitcoin fixes social media's bots and proof of identity? Saylor says we just sign 1 tx at signup. How does this fix it exactly?

Can somebody explain to me why #Bitcoin is peace? How would a #BTC standard stop Putin or some random nation from attacking?

Is this an accurate description?

X (formerly Twitter)

𝐃𝐦𝐢𝐭𝐫𝐲 (𝐬𝐚𝐥𝐮𝐭𝐚𝐫𝐲.𝐢𝐨) (@BackTheBunny) on X

arthur is wrong. new dollars are not being created with this banking program. pretend those deposits right now are "trapped" at the banks in purga...

#bitcoin #fed #qe