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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 10 months ago
PSA: Today the supply & demand of #Bitcoin isn't what determines it's $ price! The only reason this is true is because they're manipulating the #btc with the full weight of the $ system. We must separate State & currency by continuing to DCA #BTC in self custody until they can't.
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B1tR0y 10 months ago
All firms/govts claiming to own #btc should prove it to their investors & citizens where they disclose their L1 #Bitcoin addresses. While not perfect, this aligns much closer to the Bitcoin ethos of don't trust verify. IMO those who don't should be presumed bad #btc actors.
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B1tR0y 10 months ago
Whenever the fiat price declines it hastens the #Bitcoin enabled separation of state and currency and therefore gets us closer to a government that's back to being subversive and accountable to its citizens. Those who understand that acquire sats faster during these times with the knowledge of that doing so into self custody get us that much closer to the goal of returning the true power to the people and therefore restoring their core freedoms.
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B1tR0y 10 months ago
When the money's broken, Supply & demand isn't a what determines the fiat price of #btc. IMO #tradfi, #WallStreet, and the most powerful banksters are doing their very best to make us believe that Bitcoin cannot succeed in breaking free from being subversive to the dollar. However those of us that understand what's at stake and believe in bitcoin's goal and understand it's basic attributes, also understand it's true potential and it's ultimate goal. We know that while although we're still in a dollar denominated world with it's price signals being intentionally distorted, that with enough of us committed to a dollar cost averaging strategy in self custody that #btc can and will be what fixes money and allows us a return to a government for the people again when we successfully separate state and currency.
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B1tR0y 10 months ago
As most here already know, it's sometimes worth repeating: There's only one stable coin and it's called #bitcoin! 1 #BTC = 1 #BTC More specifically, self custody #bitcoin is the only stable coin. Everything else is fiat and it's value is systematically being debased or it's an outright scam.
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B1tR0y 10 months ago
Do you want to allow #banksters, #tradfi & #WallStreet to set the $ price of #bitcoin -eliminating our opportunity to separate State & currency? Well, guess what? The only way to prevent it is by DCA buying #btc in self custody regardless of $ price. Once enough do, we win & not a second or sat before!
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B1tR0y 11 months ago
People are starting to understand that #tradfi & #WallStreet are subversive to the government which is owned and operated by the #banksters who have a clear conflict of interest with the uncontrolled rise of the image fiat price of #btc. Until they post the L1 #bitcoin addresses it's 💩. #ProofOfSats or it's crap 💩. #nyknb
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B1tR0y 11 months ago
#Bitcoin ≠ 🇺🇸, #bitcoin = 🌍 This is our a worldwide peaceful revolution away from the fiat system and the banksters that enslave nearly every human on the planet! Don't let your beliefs into what your nation was founded on cloud out the reality that the only reason this asset can effectuate a peaceful separation of state and currency and a revolution from the #banksters, #tradfi and #WallStreet, is because of its key properties of being decentralized, finite, auditable, confiscation resistance, immutable, and CENSORSHIP RESISTANT! Mining centralization such as this shows how badly work needs to be done to increase #BTC s censorship resistant properties otherwise we can potentially end up with a permission based #BTC that transform into GOV coin or CBDC. image
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B1tR0y 11 months ago
Anyone using the word crypto when referring to #Bitcoin should just stop already. It's bad enough that we have an incoming president trying to conflate the two. Let's not pretend that they are the same. One stands for Freedom or one stands for fiat. #SelfCustodialBitcoinOnly #ChangeTheUOA
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B1tR0y 11 months ago
IMO $MARA is a bad actor in the #Bitcoin space. The only good they are doing here is highlighting the fact that miners are way too centralized. Hopefully these events show folks the importance of being able to craft their own block templates & convert from hashers to miners! image
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B1tR0y 11 months ago
As long as #bitcoin is priced in fiat currency, it will be perpetually mispriced. ∞$/21 MM ₿ ≠ $
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B1tR0y 11 months ago
If fiat coexists beyond a transitional period into a #bitcoin standard, then people will value their lives, skills, and wares in #centfi /fiat and will effectively allow #banksters to print #btc as there will be people willing to sell them sats at a certain $ price #ChangeTheUOA And while I believe a SBR is a good Trojan horse for the separation of state & currency, IMO this is a winner takes all issue. This is our best shot to change #centfi into #bitcoin fi ! Soon the fiat system will create Ai bots that'll create the 🌍s wealth & no longer so by the people. #bitfi
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B1tR0y 1 year ago
#Bitcoin ers who trust ETFs or other companies that claim they have #btc have completely lost the plot.
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B1tR0y 1 year ago
Hello fellow Bitcoiners, I want to wish you all a happy and sovereign 5th #bitcoin epoch! It's in that spirit that I've put a bitcoin self custody guide together that I believe if understood thoroughly can help provide you sovereignty over your #Bitcoin. This guide took a while to create but I feel it's essential to spread the word in an attempt to get as many keys into as many #bitcoiners hands as possible as soon as possible as I believe this will help spawn a more free and just world for all! With that said, if after you read and agree with the obligatory disclaimer below, please feel free to download a copy and see what you all think! #nyknyb #ThisTimeItsDifferent #FreedomMoney #RunYourOwnNode #SelfCustodialBitcoinOnly Disclaimer: Please note that the use of the guide may not be legal in all jurisdictions. It is your responsibility to understand and comply with the laws and regulations related to bitcoin self custody in your jurisdiction. I cannot be held responsible or liable for any legal consequences or liability incurred as a result of using this guide in jurisdictions where self custody practices are prohibited of restricted. Furthermore, I'm providing the self custody guide for educational purposes only. By using this guide, you acknowledge and agree that I cannot be held responsible or liable for any loss, damage, or liability incured as a result of following the guide. It is your sole responsibility to ensure the security and protection of your Bitcoin funds. I recommend that you thoroughly research and understand Bitcoin self custody practices before implementing them. By using this guide, you accept all risks and release me from any liability associated with the loss of any Bitcoin funds.
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B1tR0y 1 year ago
What makes #bitcoin #FreedomMoney? To me it's about maintaining these key attributes: Decentralization Auditable 21 MM cap Permissionless Censorship & confiscation resistant Immutability All of are only possible by us running the node version we see upholding these values. If we ever get to the point where we are unable to vote for the version of the nodes that we run to establish what Bitcoin is then Bitcoin will have failed as a decentralized project and will have been captured by the traditional Finance institutions and this movement will have been killed. As I type this message it appears as though the mining pools are colluding to attack the decentralized mempool by accepting out of band fiat currency transactions which are completely invisible and absolutely go against the above key features in a variety of ways. It also seems that they have co-opted the narrative not only on the internet but at a local Grassroots level and various meetups which have been sponsored by traditional Finance firms and quietly steering the narrative to suggest that the ETFs, ordinals, inscriptions, and other attacks are actually a benefit to bitcoin and using their sheer numbers to drown out advocates who ascribe to Bitcoins decentralized, permissionless, monetary use case as it's essential feature. At this point I think it's important for us all to look into the possibility of running pre-tap root Bitcoin nodes to try to filter out all of these attacks and to also call out any of these mining pools who are adding unexpected transactions to the blocks and or accepting fiat currency bribes out of band attacking the 21 million Bitcoin cap as they trade dollars for virtual bytes versus sats for virtual bytes. The only way Bitcoin will succeed in its mission of separating state from currency is if we can get the key principles of what makes Bitcoin our freedom money conveyed to enough plebs and to try to clear up the confusion that the traditional Finance system is intentionally spreading throughout the community. And while I don't have all the answers, here's a few ideas that we can do to push back: -Hashers should punish pools that include TXs outside of the shared mempool & any miner taking OOB fees. -Run nodes you view as the true #bitcoin (pre taproot at least IMO) -Advocate for custom mining templates for pools/hashers. -Get active in your community and go to your meetups and be the vocal minority to push these core freedom principles and pushing back against the subversive traditional Finance folks who are trying to steer the narrative! -Spread the word. I truly believe that together we can and will achieve the goal of creating a sound money that is independent of the traditional Finance markets and will be separate from State. Let's get it!
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B1tR0y 1 year ago
Why on earth would we sell our precious #bitcoin for 100k when #WallStreet must buy #bitcoin regardless of the USD price? IMO 100k is a psyop & is being repeatedly touted on #btc X to get OGs primed to transfer their keys to these $ gatekeepers. Don't fall for it! Lets separate state & currency like the good Satoshi intended! ✌️
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B1tR0y 1 year ago
Then They (REALLY) Fight You! From my perspective, Bitcoin is currently undergoing a multitude of attacks let's break them down one by one. Political / Legal. The current political attacks being lead by senator Elizabeth Warren and cronies was initiated after being directed by Jamie Dimon (who has since been appointed as the AP or Authorized Participant for the largest BTC ETF). These attackers seem to be doing their very best to legally separate plebs from their sats while aligning Wall Street to become the custodians of our freedom money. Technical / Social. The L1 Bitcoin network is currently being spammed by Ordinals and Inscriptions which is prematurely increasing the L1 transaction fees. This is pricing out many lower net worth folks from participating in L1 self custody. This attack seems to have a large amount of buy in from NFT pushers and alt coiners as well as a good chunk of the miners as most of the larger miners are being short sighted and looking to maximize profits in dollars as much and as quickly as possible. This has lead to a huge battle within the Bitcoin community and it currently remains to be seen how this will play out. Wall Street Attacks. By now everyone knows that Wall Street is here as they have had their ETFs green light. If the first two days of trading are any guide of what's to come, then I'm afraid to say its starting to appear they're going to buy OTC and dump spot market in an effort to control the dollar price of Bitcoin. Just look at what Coinbase has said with respect to their reported $7,000,000,000 USD of OTC traded the first day ETFs did. None of course can be independently verified by any of us plebs. These ETF / Wall Street folks are asking us to invert the ethos of "Don't trust, verify." into "Trust us bro." In my view Wall Street would gladly take a substantial loss on these Bitcoin products so long by doing so they believe that it would greatly harm or destroy bitcoin in the process as Bitcoin is the largest threat to their way of life. image Great so what now? Any good news or anything we can do about it? Absolutely and glad you asked! From my perspective the best part of all of this is that Bitcoin is still alive and is getting more publicity than any amount of money could have bought it! That being said I believe that all of this noise will get people to understand what Bitcoin is, why it's important, and eventually will understand that the only way to get it to succeed and create a more just and equitable world for all will be to hold Bitcoin in self custody. IMO they will realize that to do this in the most effective way that they will need to minimize their spheres of trust and will learn about how to create their own entropy with simple analog methods offline (such as flipping coins 256 times) and creating their own BIP 39 seeds. They'll also learn how to run their own nodes for verification and to transmit and receive their own bitcoin transactions. These actions will allow for the dollar price of Bitcoin to break free from their manipulation efforts and will eventually get us to a better bitcoin centric world that will break the monopoly of value creation and distribution from centralized control.
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B1tR0y 1 year ago
As of today it's official, until the day comes when enough folks learn why and how to take self custody of their #bitcoin    into addresses they roll their own completely offline and validate own TXNS w/ their own nodes, the fiat price of #bitcoin    will be a #WallStreet play thing. 🍿image
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B1tR0y 1 year ago
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 image