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B1tR0y
npub19986...5gu9
Full-time Bitcoin node operator and Founding member of the Fiat Farmers for Self Custodial Bitcoin Association. Attempting to get us all through that Great Filter sat by sat! Bitcoin is the way, but only if you HODL your own keys! #SelfCustodialBitcoinOnly ∞$/21 MM ₿ ≠ $
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B1tR0y 2 years ago
To those who advocate for the ongoing Layer 1 #bitcoin attacks known as #ordinals and #insciptions here are my thoughts this far: For those saying " It's a good thing as the miners are getting paid more fees" I say this: Fees are only seen as low as they're currently being measured in $ and not in #btc . They're only measured in $ because the $ price of #bitcoin is being artificially suppressed by the $ system /aka banks /tradfi. In order to solve this problem, we need to pry the fiat price away from traditional finance' control by taking physical custody of our #bitcoin ASAP! To those who suggest that this is somehow good or OK because it forces folks to lightning which is inevitable here are my thoughts: While I certainly agree that eventually we all will be forced to a higher layer for our daily spending when bitcoin becomes a universal currency, I'm of the opinion that LN is not truly bitcoin but more akin to something like using a credit card in the fiat system. Essentially it's a way of showing that you have L1 Btc and that you can settle there if you want to, but it's basically a network of claims on L1 Bitcoin which is completely fine for the Medium Of Exchange use in a post #Hyperbitcoinization world. That as it is, I truly believe that L1 should be where the vast bulk of our savings are to stored as it truly is digital gold and the only real bitcoin. IMO we are well into the then they fight you stage and for those thinking that these attackers will eventually run out of money might end up being very wrong. Perhaps these adversaries are being funded directly or indirectly by those with access to the money printers. Perhaps even these centralized exchanges are behind them as they're truly insolvent and trying to minimize the liklihood of going bust by making the bulk of their customers unable to move onto L1 as doing so would make their UTXOs economically locked while the dollar price of #bitcoin is captured by #tradfi? Regardless I expect these attack on self custody #bitcoin to only increase until a solution is implemented (whether soft Fork or otherwise) but as things stand now it appears they are closing the door to Layer 1 bitcoin transactions for those who need it most. We need to keep L1 fees on the main chain as low as possible for as long as possible to allow as many as possible to participate in the #Bitcoin self custody revolution. image
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B1tR0y 2 years ago
Shorting #bitcoin IMO is shorting freedom and (whether intentionally or otherwise) is helping to perpetuate the fiat currency / centralized system of control over the masses. It's time we collectively opens our eyes to this once in a species opportunity before us and not let ourselves be lured into the wrong side of history. Just like bitcoin's blockchain, nostr doesn't forget either. #SelfCustodialBitcoinOnly image
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B1tR0y 2 years ago
Okay so let me get this straight, the world has over 2,000 billionaires and not a single one of them is going to decide that they want to spot buy up all of the Bitcoin on these centralized exchanges and hold them all in self custody? I mean how else would you want to go out? This would cement your legacy as being one of the pivotal human beings to transition the world away from a debt based fiat currency into a global hard money standard that would prolong and advance our civilization more than potentially anything else you would be able to ever come close to doing in your life. Know a billionaire? Maybe you should tag them here and ask them that question. image
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B1tR0y 2 years ago
#Bitcoin isn't red or blue, it's orange. 💪 #HODLYourOwnKeys #nyknyb #SelfCustodialBitcoinOnly image
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B1tR0y 2 years ago
Bitcoin isn't about making more dollars, it's about ellimating them! Put another way, #Bitcoin is about the separation of state and currency and if successful will eliminate the vast influence fiat currency has in the world today and will make the vast majority of wars a relic of the past. How many wars do you think would be fought if nation states weren't attempting to defend the value of their currencies? ✌️ image
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B1tR0y 2 years ago
Still unsure if the US created #Bitcoin    as a dead man's switch for China's global reserve currency aspirations, or as an early warning for quantum computing supremacy. Maybe both? 🤔 Either way I believe #BTC    is our only hope and will continue to DCA and hold on self custody ✌️ image
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B1tR0y 2 years ago
There is only one stable coin, #bitcoin ! 1 BTC = 1BTC image
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B1tR0y 2 years ago
IMO 🇺🇸 needs #bitcoin  to win. They likely created it as a dead man's switch to 🇨🇳s world reserve currency aspirations. IMO it's the only thing they don't have to rule the world. Why not let everyone have their own sovereignty with #btc vs letting 🇨🇳 rule the 🌎 with impunity and simultaneously getting us all through that great filter! ✌️ image
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B1tR0y 2 years ago
If government overreach and inflation from C19 💩 didn't get enough folks to stop and question how it was all possible and conclude: 1) #bitcoin is freedom & fiat is slavery. 2) supply & demand = value 3) To ask themselves how infinite dollars can be used to accurately express #btc when the demand is ever increasing and supply decreasing due to lost BTC and folks going to their graves with their keys... Then I guess it's on us to explain it to them and that how only self custodied layer 1 #bitcoin is the only true bitcoin and that until enough of us understand that and begin the process of Dollar Cost Averaging our slave tokens (fiat currency) that we will be controlled by the state and not the other way around as it's intended to be. I've seen many people try to frame this separation of state and currency as anti government however IMO bitcoin is the most patriotic of all technologies as it allows restoration of a government for and by the people. #SelfCustodialBitcoinOnly is the only way for us to win and ideally in bitcoin addresses you roll yourself offline ✌️ image
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B1tR0y 2 years ago
I feel as though there's a huge myth that needs to be addressed in the #Bitcoin community. The myth that I'm referring to is the one that suggests that in order for Bitcoin to be useful or to succeed that one must spend their Bitcoin. That rumor couldn't be further from the truth in my opinion. The whole value proposition of Bitcoin is supply and demand so therefore as the dollar cost averaging army grows and folks continue to stack and hold in cold storage, we win that fight. And what we win is the separation of state and currency which effectively means that we have bought our freedom. Typically one would say that you can't put a price on freedom but in this case it looks as though you actually can. image
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B1tR0y 2 years ago
Hi all, just a few thoughts to put out to my fellow #bitcoin plebs: 1: Until NOSTR supports non custodial LN wallets we're more/less passing around unclaimed #sats and who knows how many there really are as most won't be withdrawn to L1 UTXOs pre #HyperBitcoinization . 2: We shouldn't abandon Twitter while the masses still need to be orange pilled and (unfortunately) this is still our main way to get them on board as this is where they play. image
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B1tR0y 2 years ago
Wow. I'm really loving NOSTR and how awesome it is to be among several of my fellow Bitcoiners who are properly orange pilled. The zaps, the censorship resistant nature, it's truly been an incredible experience so far and an amazing glimpse into the future of what social media can (and IMO should) be. That said, I also recognize the need for us to continue our efforts in trying to reach the masses who are still on legacy social media platforms about why bitcoin is the best path forward for the future and freedom of humanity. Whiie we should certainly try our best to get more people to NOSTR, let's not abandon all who are still marooned on the legacy social media platforms who need our help. Let's continue engaging them on Twitter and other legacy SM sites to help our fellow (yet be orange pilled) plebs into the new beautiful orange world that is possible with bitcoin and NOSTR! image
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B1tR0y 2 years ago
PSA: You don't actually buy #bitcoin until you withdraw it from the exchange to addresses you control. It doesn't exist until that TX is confirmed on #btc L1. In fact until then, you are unintentionally suppressing the $ value of #bitcoin while the CEXs over sell their stack. image
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B1tR0y 2 years ago
Happy Valentines Day my fellow Bitcoin plebs! image