Learn about what's being built in Florida's Bitcoin Bay...
https://twitter.com/i/spaces/1gqGvyEgzzQKB?s=20
Hedraios
hedraios@nostrplebs.com
npub1pt89...430z
#Bitcoin 🐇🕳️ ⚡️ [Keet.io] [Umbrel] [✝️ 📖]
Strong signal consistently coming out of Florida's Bitcoin Bay on Twitter
npub18ahjtwykuzy7la6c773que0dz6sc5t866e6sw5zg9jh985vga6dsju0u8c
Look forward to that content flowing through Nostr as well
⚡
Morning me is much more positive than evening me.
I would be wise to remember that when posting to Nostr.
Stay humble. Stack sats 😋
#bitcoin
"When the State Turns Against Its Citizens"
[ If they did it once, they'll do it again ]
________
In 1933, an American President used his governmental authority against the American citizenry.
President Franklin Delano Roosevelt forced American citizens to relinquish their gold, under penalty under penalty of a $10,000 fine, or ten years' imprisonment, or both.
The gold had belonged to the citizens.
The government wanted it.
So they changed the laws and took it, giving paper coupons in return.
Executive Order 6102 was implemented so the U.S. government could devalue the dollar more aggressively to stimulate the economy during the Great Depression. (So long as citizens had the opportunity to preserve their wealth in gold, such economic stimulus would result in obvious, high inflation.)
The executive order compensated owners $20.67 for each troy ounce of gold.
Shortly after issuing Executive Order. 6102, President Roosevelt raised the price of gold from $20.67 to $35 per ounce, devaluing the paper dollar coupons by 58% in one day.
____


Here's what the Fed thought of Bitcoin in 2018:

Bitcoin: Money or Financial Investment?
Is Bitcoin money? While Bitcoin is a virtual currency, it lacks some key characteristics that could render it more useful.
"There are some problems involved with implementing unforgeable costliness on a computer. If such problems can be overcome, we can achieve bit gold.
"This would be the first online currency based on highly distributed trust and unforgeable costliness rather than trust in a single entity and traditional accounting controls.
"Hal Finney has implemented a variant of bit gold based on a tamper-evident computer plug-in card, for which remote users can verify what code is running on the card."
- Nick Szabo, August 2008.
Unenumerated
An unending variety of topics
#Bitcoin in cold storage: unforgeable costliness
#Bitcoin in cold storage: savings for a better future.
#Bitcoin in cold storage: easy to transport.
#Bitcoin in cold storage: easy to hide.
#Bitcoin in cold storage: difficult to steal.
#Bitcoin in cold storage: money for the mature.
#Bitcoin in cold storage: full responsibility.
#Bitcoin in cold storage: absolute control.
#Bitcoin in cold storage: no one owns it but you.
Can anyone point me to a community focused on the concept of mesh networking?
(I.e. a way to preserve some form of internet access / communications in case of autocratic shutdown, war or natural disaster)
The only ideas I have right now are related to Ham radio and a product like GoTenna…
"Human nature, throughout time, has always manipulated money."
- Jeff Booth
🤡 A lie about value [fiat] = evil money
🪨 Uncommon grey rocks [silver] = okay money
💰 Rare yellow rocks [gold] = quite good money
⚡️ Digital, scarce, immutable, portable, verifiable, divisible, accessible, set of UTXOs [unspent transaction outputs] created only via the unforgeable costliness of a time and energy expenditure = really good money!
#Bitcoin
Not that I claim to own any Bitcoin, but theoretically if I did own some Bitcoin: I'd probably go on walks and repeatedly sing my seed phrase words in my head in order to memorize them; maybe humming them over and over again to the melody of a a common nursery rhyme tune...?


