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Bitman
bitman@nostrplebs.com
npub1z204...mxwn
Follow the money.
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Bitman 9 months ago
Trump met with the Saudi prince and the three most powerful businessmen on Earth to design the new world order. The “Pax Americana” has come to an end. These guys will make a lot of money with what comes next. You can too. The Pax Romana was the period of political stability when Jesus was born. 70 million people lived under relative peace, from Northern Europe to Mesopotamia, because the Empire swiftly eliminated dissenters. A similar dynamic defined other hegemonies over time... An empire masters a new military technology and begins to expand. It subjugates provinces. It grows by “imposing peace” wherever it goes. At some point, the cost of maintaining the empire exceeds the potential “revenue” from plundering new provinces. Border territories are ceded. Resources dwindle. Living standards decline. Elites clash. And a new superpower rises. Pax Ottomana: 16th and 17th centuries. The Ottomans were the first Western hegemony to master gunpowder. Pax Britannica: 19th century. The British patrolled the seas… until the first great war broke out in Europe. Pax Americana: from the end of World War II until today. The last 100 years have been the most peaceful in history (unless you live in the Middle East), because the Pentagon can obliterate any capital before you finish watching a TikTok. Allow me to introduce the USS Gerald R. Ford—the ultimate symbol of the guarantors of world peace: Recent generations of Americans have enjoyed the highest quality of life ever seen, exporting inflation and importing cheap goods produced in the Third World. But now it’s time for Uncle Sam to pass the baton. Trump is deliberately demoting the dollar from its role as the global reserve currency. Ceding key “provinces” of the Empire: Taiwan to China, eastern Ukraine to Russia. And intensifying the plunder of allies: Greenland, Ukrainian rare earths, Canada... Central banks worldwide are dumping Treasuries. China has offloaded 25% of its holdings since 2020. The dollar’s share in foreign reserve assets won’t drop to zero overnight. But if the current pace of divestment continues, it could hit zero in a century. So far, three currencies have been considered “potential successors” to the dollar. One is already out of the race: the Euro. Two “contenders” remain: China’s currency... and the Internet’s currency. ~15% of all #Bitcoin is held by governments, corporations, or ETFs. Not counting those on exchanges. In the end, most satoshis will likely serve as backing—alongside other assets or not—for private stablecoins. Financial institutions, social networks, and nation-states will have their own stablecoins 🤑 With different backings, reserve levels, and distribution strategies. Just as every company became a “publisher” in the Internet era, every business can become a “bank” in the Bitcoin era. The market will converge toward currencies backed by the supreme collateral, but there will be demand for other types of “commercial money.” Both financial and human capital will become more liquid. The average person won’t have money in 3 or 4 places anymore, but in dozens. Capital controls will be less effective. Wars will be much harder to finance. The era of “Mutually Assured Destruction” (M.A.D.) gives way to “Mutually Assured Cooperation” (M.A.C.). The primary deterrent to war is no longer just the nuclear threat, but the fact that funding military adventures is far more expensive in a Bitcoin standard. And that’s what comes after Pax Americana. A new order. Feel free to call it “Pax Bitcoiniana.” Heroes and villains will emerge in this transition. It doesn’t matter. #Bitcoin was designed for people who don’t like or trust each other. It’s “money for enemies” ⚔️ You don’t need to believe Bitcoin will save humanity. You just need to understand it will prevent humanity from destroying itself.
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Bitman 9 months ago
@Adam Back claims that “$100,000 is far too low” and predicts Bitcoin will reach between “$500,000 and $1 million in this cycle.”
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Bitman 9 months ago
“The Federal Reserve isn’t federal and holds no reserves. It steals your wealth and savings, which is immoral. Beyond that, it undermines fundamental economic principles like saving.” — Nayib Bukele #Bitcoin solves this.
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Bitman 9 months ago
@jack mallers: "I save the scarce, hard money and spend the plentiful, inflated currency." Choose freedom with #Bitcoin 🙌
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Bitman 9 months ago
#Bitcoin: A 70-Year Journey • Cryptography - 1940 • Public Key Encryption - 1981 • Digital Currency - 1983 • Proof of Work - 1992 • Smart Contracts - 1997 • P2P Networks - 2001 • #Bitcoin - 2009
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Bitman 9 months ago
Have you ever shuffled a deck of cards? If so, you’ve likely held a unique sequence—a combination of cards that’s never existed before in the universe’s history and probably never will again. Let’s dive into entropy, improbability, and, naturally, #Bitcoin. A standard 52-card deck can be arranged in 52! ways. That’s: 80,658,175,170,943,878,571,660,636,856,403,766,975,289,505,440,883,277,824,000,000,000,000 or roughly 8x10⁶⁷ possible shuffles. Hard to grasp? Consider this: ⏱️ ~4.3x10¹⁷ seconds have elapsed since the Big Bang. 🧑‍🧑‍🧒‍🧒 ~100 billion humans have ever lived. If every person shuffled a deck every second since the universe began, we’d still likely never see the same order twice. Each thorough shuffle creates something entirely new. That’s the wonder of entropy. So, how does this connect to Bitcoin? This same improbability is what makes #Bitcoin secure. When you create a Bitcoin wallet with a 24-word seed phrase, you’re selecting one out of: 115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936 possibilities, or ~1.1579x10⁷⁷. That’s exponentially larger than the deck’s shuffles. To crack your wallet, someone would need to guess that exact sequence. 💪 Brute force? Useless. 🖥️ Supercomputers? Nope. ⏳ Time? Not enough. It’s like picking one specific grain of sand from the entire universe… twice. Bitcoin’s security doesn’t come from secrecy—it’s protected by being one choice among near-infinite possibilities. Isn’t that elegant? And get this: you can generate that level of security with something as simple as a six-sided die or, yes, a deck of cards. If this doesn’t spark awe for the math behind #Bitcoin and its brilliant design, reread it. You’ll probably want to stack more satoshis. Happy Sunday! 👋
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Bitman 9 months ago
“If you commit to your work and study #Bitcoin, it might be the only economics you ever need to master.” — @Tuur Demeestr
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Bitman 9 months ago
Just buying #Bitcoin is no longer enough for these corporations. In this statement by Matt Cole, he explains that Strive is raising capital to BUY COMPANIES that have large cash reserves and… … use their cash to buy Bitcoin. 🤯 Accelerating!
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Bitman 9 months ago
Did Coinbase buy Deribit? If anyone has details, let me know.
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Bitman 9 months ago
Two VERY important events for #Bitcoin coming up: The next block The next halving Everything else is just noise. Good night, Nostr! 😴
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Bitman 9 months ago
GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡
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Bitman 9 months ago
You know what’s as scarce as #Bitcoin? Knowledge. 💡 So… shhh 🤫 Don’t spread it. image
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Bitman 9 months ago
@jack mallers says, “Anyone who truly understands #bitcoin doesn’t just allocate 1% of their portfolio as a hedge.” “For those who get it, bitcoin is the entire portfolio.”
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Bitman 9 months ago
Website that gave 5 bitcoins to each visitor will be revived by investor. Charlie Shrem, founder of the #Bitcoin Foundation, announced this Sunday (4) that he will be reviving the first Bitcoin “faucet” in history. Originally created by Gavin Andresen, the site gave 5 bitcoins to each visitor back in 2010. image
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Bitman 9 months ago
@James Lavish explains how US Treasury Bonds are not strong collateral for borrowing against. Sell Bonds. Buy #Bitcoin
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Bitman 9 months ago
GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡
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Bitman 9 months ago
The OP_RETURN drama just shows how MANY people don’t understand the basics of how #Bitcoin works. Spoiler: you can’t stop arbitrary data storage on the timechain. Trying to do so might even make things worse. Some people are saying it's possible to "filter" spam in the mempool. Wrong. That’s unfeasible. Anyone saying that is either misinformed or acting in bad faith. The mempool is just local policy. Who really decides what goes into a block are the miners. Many blindly believe influencers without understanding the fundamentals: #Bitcoin is a decentralized database designed to store data. Financial transactions are one type of data — not the only one. "But shouldn’t we prioritize financial transactions?" Yes. "But can we stop arbitrary data from going into the timechain?" No. "Are there good reasons to store arbitrary data on #Bitcoin?" Absolutely. L2s and scalability solutions depend on on-chain proofs. That’s just data storage. It doesn’t matter what your node accepts or not — miners are incentivized to include these transactions and profit from them. Financial incentives are what drive the system. Period. If you try to become a “Bitcoin™ Defender” by running software with crazy filters... Guess what? The transactions go straight to the miners (with extra fees) Small miners get left behind Mining centralizes People will hide the data using steganography (and you won’t even notice) Even worse: it discourages developers. Few people work full-time on #Bitcoin already. Imagine having to deal with drama and FUD just to propose a basic PR? Fewer devs = slower progress = more risk = weaker #Bitcoin. "But what about spam?" #Bitcoin already has a built-in antispam: fees. Don’t want to see JPEGs or zk-proofs? Use real #Bitcoin: spend, self-custody, join the circular economy. You know why “spam” increased so much? Because most people stopped using #Bitcoin on-chain. Today it’s all custodians: Strike, Wallet of Satoshi, Liquid… Less usage = more free space = more arbitrary data on the timechain. Want to fix it? More real usage → more demand for block space → higher fees → less incentive to use Bitcoin as storage. Simple. And effective. Want to “save #Bitcoin”? It’s not through filtering, censorship, or hysteria. It’s through real usage, open source, economic incentives, and freedom. #Bitcoin is neutral. And that’s a good thing.
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Bitman 9 months ago
In 2015, an eccentric millionaire placed bitcoins in weak addresses. For years, the prize has been contested by bots, GPUs, and in the future, it is expected to be the first target of quantum attacks. image The individual's goal was to monitor the advancement of computational power capable of breaking Bitcoin keys. These keys have up to 256 bits of entropy, which can be understood as the difficulty of discovering them. They are simply large numbers, on the order of 2²⁵⁶. He then created 160 addresses, each with fewer bits of difficulty, from 1 to 160, and placed a few satoshis in each one, doubling the amount in the next. The total prize reached nearly 1,000 BTC. There are still 916 BTC left to be claimed. The first few dozen addresses were quickly looted. There are bots monitoring the blockchain and stealing UTXOs that have some vulnerability — such as low entropy in the generation of the private key. It was only at the end of 2015 that one of the owners of these bots noticed that the source of the bitcoins all came from a single transaction. He decided to share the discovery on the Bitcointalk forum, and that’s when more people began competing for the remaining prizes. In 2019, the creator exposed the public keys of some addresses (those with indexes ending in 0 or 5). This is done simply by moving the coins—the key appears in the transaction. With it, other methods can be used, making it easier to crack. One of these methods is a very old algorithm from 1978: Pollard's Kangaroo Algorithm — a clever trick used to find private keys when part of the keyspace is known. Imagine two kangaroos jumping across a number line, one tame and one wild, eventually landing on the same spot. It’s a classic in cryptography, and now it's being used to chase Bitcoin prizes. Since then, several programs and even participant "pools" have emerged, all trying to crack the next address. "kowala24731" secured an investment in the hundreds of thousands of dollars to rent GPUs and managed to break addresses #67 and #68 in early April. Yesterday, someone, probably a beginner, cracked address #69 but didn’t secure the spending properly and exposed the public key. In a few seconds, some bots cracked the key and replaced the transaction, battling for the balance. The last one paid a total fee of 1.2M sats. The time to crack these addresses — discovering the private key from the public key — is quite short. A GPU can do it in less than a minute. That’s why those who crack the keys can't publish it to the network; they must send it directly to a miner to include it in a block (like Mara). Among the addresses with exposed public keys, the record was 130 bits of entropy, set by "RetiredCoder," who also cracked other keys. These addresses are likely serving as "canaries in the coal mine" for the attacks Bitcoin may face. As long as there are still hundreds of BTCs sitting in them, yours should be safe.