I wasn’t ready for the last #Zapathon but I’ve got time to kill and memes to post now

#zapathon

#zapathon

#100pushups for the day done

#100pushups done 2 sets of 50 today

I listened to the Kieth Weiner POTP interview today, and I feel like he didn’t really give that much to support his argument against ₿itcoin, just that it’s volatile, called it a speculative asset, and that people often justify moves in the market after the fact with some made us stuff that sounds right and may or may not be true. As far as ₿itcoin and gold being speculative assets, monetary goods always trade at a premium to their utility so I would classify them more as a monetary good more than a speculative asset. As Robbie mentioned though, the reason the ₿itcoin maxis hodl ₿itcoin is because they think that it will eventually become the next global reserve currency since it is the best at the 7 properties of money (Durable, Portable, Fungible, Verifiable, Divisible, Scarce, established history, and censorship-resistant). As far as if it is money now, the three uses of money (store of value, medium of exchange, and unit of account) can be used to gauge that. Right now it’s only really being used as a store of value, and to a very limited degree a medium of exchange, so it is in the monetization process. It would be expected with any new money (or technology) undergoing monetization that its value would fluctuate a lot because of hype and disillusionment, but that it would eventually stabilize. Monetary transitions typically take several decades so it won’t happen right away, but then everything seems to happen faster in modern history so it might happen sooner than we think. It’s worth noting that there have been scenarios, usually in countries experiencing very high inflation, where multiple forms of money are used for the different roles. Even right now in America, the dollar by itself isn’t used as a store of value for long periods of time since everyone knows it is losing value, people instead turn to stocks, bonds, real estate, gold, etc., it’s why stocks and real estate trade way above their utility or P/E ratios. Because of inflation, everyone is essentially forced to become an investor!

#100pushups done 💪 New record time 1st set 63, 2nd set 37. Finished in less than 2 min 17 sec

I missed my #100pushups the last few days because I was sick, so I just did 400 today to make up for it while listening to Creed on repeat the whole time 💪

Just placed one of these in a pretty high traffic area! If anyone recognizes this location and goes here regularly dm me so we can meet up 🤙@bitcoin.rocks

#zapathon

#zapathon ⚡️

#zapathon ⚡️

#zapathon ?!⚡️⚡️

Does anyone know why my @primal in app iOS wallet won't let me receive sats anymore? I recently drained it all the way and when I went to refill it I got this message. #asknostr

I just sent this text to my Dad to try and explain why #Bitcoin is better than gold or a gold backed currency. Let’s see how it goes “The argument I had earlier against gold was that it’s expensive and slow to transport and verify its purity/authenticity. This naturally leads to banking and gold-backed bank notes becoming the medium of exchange, especially when business deals and information are traveling at the speed of light like we have today. I’m pretty sure Rothbard talked about how these notes from competing banks would trade at the relative discount compared to the trust in the bank actually having the money. Since it’s inconvenient to have to keep track of a bunch of different types of bank notes, people will naturally gravitate to using the few most accepted banks, which leads to centralization and eventually (by government decree) central banking. If someone wants to trade their notes for the underlying gold it’s still expensive to transport and verify, and slow to actually get the gold, so no one will do it unless they are really sure there is a problem (this holds even with a lot of competing banks). It also opens the door to things like executive order 6102 which banned private ownership of gold. From there it’s a short step to close any exchange for gold like Nixon did, which the government wants to do anyway because of how much more power that gives them by allowing what we have now. What we need is a money that can travel at the same speed as the rest of the economy, can be audited easily and quickly (idk maybe every 10 minutes by millions of people around the world), is divisible to small amounts to facilitate exchange, and of course that shares similar characteristics to gold with a finite supply. That way, in the event of cheating, as seen with FTX, everyone can immediately withdraw their money or transfer it to another institution. It could also allow anyone to be their own bank if desired. This eliminates the inconveniences associated with gold. There won’t need to be the centralizing forces at play. (If you didn’t get the point by now this describes #Bitcoin)”

I first started using Muun for my self custody, and have learned more about how they work I am trying to move those funds to a more secure cold storage. I had to pay over 200 sat/vB for the last test transaction I sent from there when I could have easily gotten my transaction through with a much lower fee. Since I’ve heard the swaps that Muun uses for lightning transactions can lead to having a bunch of tiny UTXOs, I want to move those funds somewhere I can both control the fee rate and, if possible, control which UTXOs I send. Does anyone know how I could do this? I have all the backup information that was provided when I set up the wallet. The first/best answer that lets me do this I’ll zap 2100 sats. #asknostr #Bitcoin

I’m cleaning my gun after a range day and am having some trouble putting it back together. Can anyone tell me what I’m doing wrong?

💀 |{I}\_🥩 I/ \ /_ /_

@npub15879...kv0n When sous vide cooking is getting plastics in your food a concern since you’re heating plastic that is in direct contact with the food? If not why? #grownostr