With the invention of #bitcoin Satoshi created a doorway to exit the fiat system. It's now up to us whether we have the will, and ability to use the (private) keys to unlock it. Don't paper /ETF /IOU with #btc folks. Use your own keys to set you free! #SelfCustodialBitcoinOnly #nyknyb

It's puzzling why the #Bitcoin core team doesn't simply have toggle switches or option values for the config file that allows you to enable or disable the various controversial features that they add to core such as taproot, segwit, etc. That way folks can always upgrade their nodes to stay current with any bug fixes 🤔

OK so if my understanding is correct then theses potentially upcoming spot #bitcoin ETFs are BINO (Bitcoin In Name Only) as they are fiat in and fiat out only without the option of #btc redemption. The only positive aspect from them I can see is that they will get people curios to learn about what #btc is which will likely spur more self custody.

Happy New Year!

PSA fellow #bitcoiners! If you're also against inscriptions in the #Bitcoin mempool, just run an older version of Bitcoin core. For me v 20.x seems to be filtering out all of the #insciptions from the mempool.

It's fascinating seeing how many fiat maxis there are who were LARPing as #bitcoin ers. It's clear that these #ordinals and #insciptions are attacks not only on L1 throughput & lower $ self custody, but also the economics of #btc that L1 is paid on chain w/ ₿ not off chain on $

PSA for all the anti spam #nostr #bitcoin node runners! Setting the permitbaremultisig=0 option in your #bitcoin node config file seems to be effective in ellimating the ongoing spam attacks from my node's mempool. Check it out and pass it along. ✌️

Stock markets 👇 interest rates,and #bitcoin    👆 + #TradFi tripping over themselves to get into our #FreedomMoney as well as nation states engaging and next halfining taking #bitcoin below the stock to flow ratio of gold? Yeah, this time is absolutely different and there will be no narrative left to fall back on relating to bitcoin depreciating in value against the $ after this cycle solidifies. Stack them in self custody while you can folks! ✌️

If you didn't know any better then with the #ordinals & #insciptions attacks, #tradfi attempting to capture #bitcoin spot markets via ETFs, the 🇺🇸 using the Patriot Act requiring CEXs to report when you mix UTXOs, the largest crypto Exchange being pursued by the US, you might think we're at the then they fight you stage. That's OK because we all know whats next!

Unpopular Opinion: Javier Milei should not give up their money printer but should use it to print (aka buy) #bitcoin straight into a multisig cold storage addresses for the people of 🇦🇷. IMO ditching the 🇦🇷 money 🖨 for the USD 🖨 eliminates your national sovereignty.

If the price of #bitcoin is determined by the gyrations of the $ w/ no way to change this then #btc    has failed as it's not independent of #tradfi . Personally I don't believe this & feel as though once enough hold it in their own wallets that the price will escape tradfi tactics.

Some of my thoughts on the recent DRIVECHAIN topic.. What do you think the odds are that all these recent efforts to push additional assets into the L1 #Bitcoin chain such as taro, ordinals, inscriptions, and now #drivechains could just be attempts by the #tradfi regime to break the #Bitcoin miners economic Game Theory relating to the block reward and turn layer 1 bitcoin into a fiat printer? To me this seems probable as they likely need to figure out a way to sustain their mining operation investments without dumping piles of external cash into them should the block reward fall below the cost of production of the #Bitcoin reward in fiat terms (as we're still stuck in a fiat world) since most of these folks do not possess money printers directly. So rather than letting their miners go broke trying to keep the fiat price down and fund the operations by selling the Bitcoin for fiat, they can just create a bunch of BS tokens and junk in the blockchain that they can trade for fiat currency instead. This would allow #tradfi more time to strategically position themselves and infiltrate key #bitcoin industry players (and influencers) before #Hyperbitcoinization and would also allow them to wait out some of the hodlers who will not be willing to take their Bitcoins to their graves in hopes that they would sell them back to them so they can control a Fiat price even longer. Since I truly believe that they can't incentivize a lot of us hardcore Bitcoin mindset folks to sell for their Fiat currency, the thought by #tradfi is apparently that they will instead attempt to control a lot of the infrastructure for the future Hyperbitcoinization world or a world that they think they may have a chance at influencing the protocol development in some roundabout way to their benefit ( which I don't see plausible as I think we will see right through it all). So far here's some main red flags I see from a self sovereignty #bitcoin maximalist perspective who's goal is to push self custody #bitcoin and has hopes for the separation of (all) states from currency: - The largest #tradfi players snapping investments in the top big players in the #bitcoin mining space (Blackrock, Fidelity, etc.) - The same #tradfi players + are all tripping over each other begging the SEC to green light spot ETFs as to be able to create even more paper Bitcoin. - This simultaneously attempts to get Main St to normalize counterparty risk in Bitcoin via #tradfi by investing and accepting their ETFs in lieu of Self custody BTC. IMO these activities are all part of their goal of attempting to keep the bitcoin price in USD suppressed as long as possible and to do that they need to break the bitcoin economic game theory incentives built into bitcoin where miners are only rewarded with 21MM #btc and TX fees and make fiat other ways with their miners such as by adding #ordinals, #insciptions and are now seemingly trying to push for drivechains to get 💩 tokens in L1. By breaking the #btc miners economic game theory with just the block reward (but now with ordinals, inscriptions, and if they have their way soon too be DRIVECHAIN bs tokens) they're hoping the price in fiat can be suppressed even longer while allowing them the ability to generate enough fiat currency stuff contained to fund their operations and more time to control even more of the miners and simultaneously hoping to wait out as many HODLers as possible in the hopes that eventually some will sell their #bitcoin and thus they can scoop it up for a relatively cheap amount of fiat which would allow them to control the fiat value of the #btc longer and in turn which would keep the fiat machine alive longer and hence the monopoly of currency in the governments hands. Fortunately we can reject their plans of attacking the bitcoin miners economic incentive mechanism by not voting for their version of #bitcoin and running our own nodes. That said however I would not sell any of their forks that may happen as they'll likely scoop those up too and actually may drive the public perception that their chain is the true #btc as they drive it's fiat price up as to keep mainstream away from the ideals of the original #bitcoin ( decentralized, irreversible, confiscation resistant, separating money from state, no counterparty risk etc). However the next few years play out it's going to be a very bumpy road and I am not selling any of my forks no matter how much Fiat they offer and will certainly never vote for anything that deviates from the original economic incentives that the miners have with the block reward. ✌️

It seems so simple, doesn't it? I mean if supply and demand equals value and everybody did the same and actually took self-custody of their #bitcoin, then that should theoretically immediately take the price of #bitcoin in fiat currency to infinity which would completely separate state from currency! It truly puzzles me why enough people don't see this and why are so many people so afraid to recommend it from those who do. I mean if we're trying to express the value in a fiat currency that is infinite with a truly fine asset ( #btc), then we should see a much higher Fiat price everything else being equal as there are lots of #bitcoin freedom advocates like myself who will only sell what's absolutely necessary to avoid catastrophe until it becomes the newglobal UOA! Unfortunately the #tradfi team has figured out ways to apply traditional fiat game trickery to manipulate this fiat value such as fake volume and sales, rehypothecation, co-mingling, cash settled futures, and (imo) flat out paper Bitcoin on the centralized exchanges that people don't question and simply believe exists that very likely does not by a significant margin! From my perspective, the only way this can't be traditional Finance manipulation via some combination of the above, is if they have somehow figured out a way to exploit the protocol - which I guess is technically a possibility that I can't personally identify due to all the different soft forks etc which have happened over the years of bitcoin. Regardless I hope that enough people can understand that the minimizing layer one changes to be as simple as possible is essential for being able to independently self-custody and to validate the base layer transactions and supply. This is our only feasible opportunity to separate state from currency and, as I see it, shouldn't be about the short term fiat currency price but rather the freedom associated with separation of state and currency this bitcoin opportunity seemingly offers us by simply taking custody! The real purchasing power for #bitcoin will come when the fiat price can no longer be manipulated by the traditional Finance folks and we all #ChangeTheUOA and decide to only accept #SelfCustodialBitcoinOnly that we validate with our own nodes into P2PKH addresses that we roll ourselves completely offline ✌️

Why is it that the vast majority continue to price things in the dollars and other fiat currencies in which there's an unlimited amount of when we can now do so with #bitcoin that can't be debased, censored, counterfeited or confiscated and not politicized? I mean I understand that layer 2 is still being developed etc but at least when referencing things amongst ourselves even. The other mind blowing question to me is why is it so difficult for people to understand the basic concepts of supply and demand, self custody, and counterparty risk? I mean there's enough historical examples of #tradfi trickery like commingling and rehypothecation and of course what happened in 1971 that should be enough for everyone to want to #ChangeTheUOA to #bitcoin self custody their own sats, and run their own nodes so that we're all #SelfCustodialBitcoinOnly and we finally break fiat / centralized currency grip on us all.

Random #bitcoin ponderings of the day: That day that threshold of the masses finally wake up and realize that fiat is utterly worthless, everything goes to infinity vs any fiat currency. The question really comes down to why does #bitcoin makes sense to step in to fill that void as SoV, MoE, and ultimately UoA (in that order). To me it's because #bitcoin is IMO absolutely superior to fiat (or government backed currencies of any kind) due to its follow properties: - Being as decentralized as possible. - Removing the politics out of currency and the ability to weaponize said currency. - Impossible to debase. - Fully auditable for anyone with a computer and internet connection who runs their own node. - Censorship and confiscation resistant (especially if you roll your own entropy /BIP 39 seed offline and use your own node only sending PSBTs) - Impervious to Counterfeiting. - Can be stored in one's 🧠 - Is allowed to exist and thrive in the USA which has the current world reserve currency (just think about that). - Plebs beat #tradfi in terms of acquiring the bulk of the asset and a large amount of them (IMO) are idealogicaly opposed to trading back to fiat currency (except as absolutely necessary) as they see it for what it is really about - the separation of state (all nations) from their monopoly on currency.

So let's get this straight: -The largest asset manager on earth (et al) have feverishly pulled a complete 180 on bitcoin and are desperately attempting to get a spot #bitcoin ETF approved by the SEC. –A leading presidental candidate has publicly stated that if elected he will eliminate taxes on #btc and start backing the USD with BTC. All this and #bitcoin is still sitting >50% below it's 2021 USD peak. Still think #tradfi doesn't control the fiat price of #bitcoin anon? The only way to stop this insanity is to DCA #BTC and hold your keys offline with addresses you created yourself offline via true entropy you created such as by rolling dice or flipping coins and only sending #bitcoin through your own nodes with PSBTs. Get educated, get committed, and get free. ✌️

Fiat currency is a weapon of mass corruption! Fortunately #bitcoin can in fact fix this too. ✌️

I think it's time to rehash some of the reasons that IMO spending #Bitcoin doesn't make sense to me at this particular moment in history: 1) The Tax Code: In US at least it's absolutely bananas when attempting to figure out the cost basis of #bitcoin whether it's short or long-term capital gains, and then the purchase price of the product. Anyone who actually attempts to use this as their daily currency would be overburdened here IMO. 2) The Infrastructure isn't ready: While there has been great progress with lightning Network and other second layer solutions, most of the easy to onboard second levels are centralized and have yet to develop the Slick interfaces necessary for Mass adoption. 3) Why separate yourself from the hardest asset in human history (#bitcoin   ) when enough people are still willing to sell you real world goods when you use your slave Beads (fiat currency)? IMO this window is closing & at any time it could shut forever. Don't risk your #BTC    stack. 4) The $ price of #Bitcoin    is still highly suppressed by #tradfi. IMO this suppression will unravel as more people DCA and hold #sats in wallets that they create themselves which will in turn drive the $ price and also in tandem further development of 2nd level scaling for #btc   In summary, IMO as more dollar cost averaging plebshold their #btc    in self custody it will not only drive the Fiat price of bitcoin, but also the second and third layer scaling Solutions in a more easy to adopt method that will allow for the true separation of state from currency 

Absolute fiat corrupts absolutely. Opt out with #bitcoin before it's too late.

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.