Ferenc Kovács's avatar
Ferenc Kovács
ferenckovacs@primal.net
npub1gxuu...lpxk
Creating value in hospitality, precast concrete, and property management. Member of @HuszonegyWorld, founder of @BitcoinMiskolc. #bitcoin
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ferenckovacs 11 months ago
💡 Bitcoin is more than just the price. The real question isn’t whether it’s going up or down, but why it’s valuable and how it can help us – in everyday life, in the world, and for humanity. This is what’s truly worth understanding. 📍 Right now, I’m at Hotel Atlantis in Hajdúszoboszló, where the first Hungarian Bitcoin conference, Bitcoin Miskolc, will take place from March 21-23. 🔑 If you’re not sure what it’s all about or you’re just starting to explore it, come and see for yourself! 📅 March 21-23 🏨 Hotel Atlantis, Hajdúszoboszló 🌐 www.bitcoinmiskolc.hu #Bitcoin #BitcoinMiskolc #HotelAtlantis #Hajduszoboszlo #Value #Freedom #Learning #Future 💡✨
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ferenckovacs 11 months ago
Gm ☀️ Bitcoiners ‘The universe spins, tik tok, next block.’
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ferenckovacs 11 months ago
Tuesday morning run done with Tomy Rivs, covering roughly 4-5 kilometers in just over half an hour. Yesterday, after a week of rest, I returned to work and had productive discussions with the team at the Berente precast plant and the Hotel Aurora in Miskolc. Today, I’m heading to Hotel Atlantis to continue the meetings and keep the momentum going. It always takes a little time to get back into the daily routine, but so far the teams have handled the challenges well. I’m confident we’ll make great progress. #3AMRun #MorningMotivation #BerentePrecast #HotelAurora #HotelAtlantis #Productivity
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ferenckovacs 11 months ago
What truly matters is what you do consistently, not what you skip once in a while. Don’t get discouraged if you feel that this week or month didn’t go as planned. The key is to keep going with what you’ve started. Pay attention to what you think about and focus on because that’s where your energy flows, and it defines how you feel. Be a good storyteller in your own life – tell yourself the story you want to see, and keep moving toward your goals. Morning run done: over four kilometers in half an hour. This was my second run this week – less than I planned, but that’s okay. Just keep going! #6AMRun #Running #Motivation #Discipline #Goals #MoveEveryDay
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ferenckovacs 11 months ago
The 21st Century’s Most Important Discovery Against Tyranny and Oppressive Systems 🌍 It all starts with understanding why Satoshi Nakamoto’s work matters. It’s because he gave us a tool to fight tyranny and oppressive systems in the digital world—without violence! 💪 According to SOFTWAR by @JasonPLowery, Satoshi didn’t just solve the Byzantine Generals’ Problem; he created a revolutionary method that redefined how we think about power and freedom in the digital age. Let’s dive into this story step by step! 🚀 Why does the Byzantine Generals’ Problem matter? 🤔 Picture a medieval city under siege. Several generals need to attack at the same time to win, but they can only communicate through messengers. Here’s the catch: what if some generals are traitors and lie on purpose? 😈 Or if the messengers get lost? How can they agree on the attack time if they can’t fully trust each other or the communication? This dilemma—named the “Byzantine Generals’ Problem” in 1982 by Leslie Lamport, Robert Shostak, and Marshall Pease—refers to the intrigue-filled Byzantine Empire, where betrayal was common. In tech terms, it’s about how a distributed system (with no central control) can make a joint decision if some participants fail or deceive. This is huge for a digital currency, where you need to stop someone from spending the same money twice! 💸 How did people try to solve it before? 🕰️ For decades, the Byzantine Generals’ Problem stumped experts in practice. In the 1980s, theoretical solutions emerged, but they only worked if fewer than a third of the participants were traitors, and they required tons of messaging—making them slow and clunky. 😴 A simple, decentralized, and resilient fix seemed like a pipe dream—until Satoshi Nakamoto showed up in 2008! 🌟 How did Satoshi crack it? 🧠 Satoshi took an old idea from Hal Finney called “proof of work” (PoW) and added a brilliant twist. Miners—the network’s participants—solve tricky math puzzles. The first to succeed gets a digital “badge” (PoW token) and temporarily earns the right to write to the blockchain, the shared ledger of transactions. 📜 This competition takes physical effort—or rather, computing power. In the real world, we call this kind of power struggle “war,” whether it’s on land, sea, or in space. Satoshi basically invented a new, non-lethal digital “war”! ⚔️✨ What does this mean against tyranny? 🌈 Here’s where it gets big. This discovery matters in the fight against oppressive systems because it delivers two game-changing outcomes, as @JasonPLowery points out in SOFTWAR: 1. Breaking Down Tyrannical Power 🔨: The competition means no one can control the system alone. A central bank or government can’t mess with Bitcoin because there’s no “boss.” This opens the door to dismantling digital hierarchies that abuse power! 🏰 2. Decentralized Freedom 🌿: Control over the ledger isn’t held by one person—it’s spread across participants. If you want in, you’ve got to work for it, so power stays distributed, not locked in a tyrant’s grip. 🙌 Satoshi’s solution isn’t just a tech trick. It’s a weapon for freedom that topples digital oppression without bloodshed. 💥 Solving the Byzantine Generals’ Problem in the 21st century means we can use tech to take back control from tyrants and build a fairer, freer system. That’s why many, including @JasonPLowery, call it one of the modern era’s greatest discoveries—it’s all about humanity’s liberty! 🌍❤️ #FreedomThroughTech #bitcoin image
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ferenckovacs 11 months ago
There are many ‘last #time I…’ moments that won’t come back. #Life is like a train journey, and you don’t have a return ticket. image
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ferenckovacs 11 months ago
Soon, there will be no need to #rollbackETH because easy money has been replaced by the hardest money humanity has ever had. 🤷🏻‍♂️ I think they’ll just print some ETH. Just a bit. #FiatelloMoment underway. View quoted note → image
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ferenckovacs 11 months ago
🚨 Bybit hack: Ethereum’s weakness exposed & why it can’t happen to #Bitcoin 🛡️ Bybit recently suffered one of the biggest hacks in crypto history: 💀 $1.5 billion worth of #Ethereum (~400k ETH) was stolen. The aftermath? Over 350k withdrawal requests flooded the platform 📈. Bybit CEO Ben Zhou 🧑‍💼 admitted the breach bypassed the entire multisig process 🔑 — no one knew what they were signing. Hardware wallets showed the correct addresses ✅ but failed to display hidden smart contract code 🧩 that gave hackers complete control. 🕵️‍♂️ The Lazarus Group from North Korea 🌍 is suspected. Shockingly, this hack is 50x larger 💥 than Binance’s notorious 7,000 BTC hack at $4k each. Even more striking: North Korea now holds twice as much ETH as Vitalik Buterin, Ethereum’s creator 😱. ⚖️ The moral dilemma: Should #Ethereum roll back the chain to block the regime’s access? • ⏳ Rollback = Centralization risk. • 💣 No rollback = Supporting a regime using stolen funds for weapons. Tough choice — but this cannot happen with #Bitcoin. Why? • 🏗️ Simple, transparent transactions mean fewer vulnerabilities. • 🚫 No hidden smart contract code to exploit. • 🛡️ Base layer security first — innovation happens on top (⚡ Lightning). 🔒 Less code = fewer bugs. With #Bitcoin, there’s no issuer, no controller 🌍. Even if North Korea stole BTC, it would remain theirs — no rollbacks, no debates. Bitcoin is pure money, neutral and untouchable 💛. 💡 Lesson? Only use Bitcoin-only platforms like @Strike ⚡. Bybit’s huge loss came from complexity. Ethereum’s smart contracts created extra attack surfaces 🎯. Binance lost 7k BTC; Bybit? 50x more because of ETH & other assets. ❗ Not your keys, not your coins. 🔑 🛠️ Want to learn how to self-custody your #Bitcoin safely? Join the next Bitcoin Miskolc event: 📅 March 21–23, 2025 📍 Hotel Atlantis, Hajdúszoboszló 🏨 🌐 bitcoinmiskolc.hu 🐦 @bitcoinmiskolc ✨ Bitcoin. Simple. Secure. The money of the future. 💛 image
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ferenckovacs 11 months ago
It was an exciting and unforgettable experience exploring the stunning city of #Dubai, the breathtaking surroundings of #DubaiMarina, and the magic of the endless #desert. This place truly proves what human creativity and determination can achieve. Definitely a place to return to!
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ferenckovacs 11 months ago
At this point, it’s hardly questionable which side our politicians stand on. They simply want power. And that’s a problem for two reasons: 1. We are the ones paying them. 2. We’re also paying people who aren’t doing what they’re supposed to. As long as their focus remains on power struggles, the tasks that truly matter will remain neglected. No wonder the EU is heading in the wrong direction. #politics #EU #power #responsibility #leadership image
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ferenckovacs 11 months ago
Many people correctly observe that buying real estate creates jobs and provides work for individuals and companies. A part of the #construction industry essentially produces “gold” – an asset that serves as a #storeofvalue, replacing the function of #money. But what’s the problem with this? #RealEstate is fundamentally a product created for practical use. It’s not a cheap store of value, as its maintenance is costly and requires continuous expenses. It’s like earning interest in a bank but having a management fee of 1% per year – or even more. So why is real estate still a good #investment? Because its value doesn’t diminish with #moneyprinting. When more money is printed, the price of everything rises – including that of completed properties. But what’s the biggest issue here? The fact that people choose real estate as a store of value simply because there’s no better alternative. If we had a real, #inflation-proof form of money, reduced demand would lead to more affordable #housing prices. The construction industry could then focus on projects that create real #socialvalue. Do we have a better store of value? Yes. We do. #Bitcoin 😊 image
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ferenckovacs 11 months ago
Tuesday morning run in Dubai. Took a break the last few days to spend mornings with family—maybe I was a bit tired too. But today, I felt the need to get back into my training routine, accumulating days of effort again. Dubai is a massive, safe, and beautifully lit city. It reminds me of why I chose Budapest over Debrecen for university—there’s something captivating about city lights by the water. Great to be back at it! #6amRUN #Dubai #JBR
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ferenckovacs 11 months ago
Happy Birthday, Dad Today would have been my father’s birthday. Ferenc Kovács was born on February 18, 1958, in a small village called Pányok. It wasn’t a place full of opportunities, but he was surrounded by a loving community. That’s where he started, and as the headlines once wrote, he became a millionaire. And he really did. He built everything from nothing—for himself, for us, for his family. It took hard work, perseverance, integrity, and dedication. His story is one to look up to, a testament to what is possible when you commit yourself fully to a goal. I often wonder what he would think now, what he would do now. But one thing I know for sure: we have always walked our own path, never letting the world, politics, or circumstances define our goals. There’s a story I’ve been telling a lot lately because it feels more relevant than ever. After the regime change, every person who changed jobs received a file about them, passed on to their new employer—a kind of official “character reference.” But he didn’t switch jobs; he became an entrepreneur. So, when he saw his own file, it read: anti-establishment, strong-willed, must be monitored. He told me this proudly when I was a kid, and honestly, I’m proud of him for it. He was a revolutionary in his own way. He didn’t care about labels, didn’t let others define him. He came from a small village, a place where he was loved, but he never let that limit him. He focused not on where he was from, but where he was going. And that’s his legacy. That no matter where you start, you can achieve whatever you set your sights on. It takes effort, dedication, and an immense amount of work, but in the end, it pays off. And how you achieve success—that is entirely up to you. Some do it by stepping over others, by deception, by shortcuts. Others, like him, do it by lifting people up, by creating opportunities. That was him. That’s the man he was. Happy birthday, Dad—wherever you are. One day, we’ll meet again.
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ferenckovacs 0 years ago
Maps are not reality. In Hungary, someone renamed the Gulf of Mexico to Lake Balaton—just like that. If a political authority changes the name of a bay, it instantly updates on maps and official documents, but that doesn’t mean the physical world or people’s perception changes with it. Maps have this kind of abstract power. If they modify their database, the name changes for everyone instantly. The same applies to borders—if a digital map redraws a national boundary, it doesn’t mean the real-world borders have changed. Bitcoin, on the other hand, works differently. A bitcoin is not just an abstraction; it is real. It represents actual energy that was invested in its creation and transfer. This physical foundation makes it fundamentally different from simple digital databases. Satoshi Nakamoto was the first to solve the problem of truly transferable digital assets. In the physical world, if I give you an apple, I no longer have it—you received it, and I lost it. But knowledge works differently. If I know where a treasure is and I tell you, I still retain that knowledge. Bitcoin solves this problem. It connects the digital world to physical reality by making bitcoin truly transferable and irreversible, just like a physical object. That’s why it can function as money. Bitcoin doesn’t create a balance between the digital and physical worlds—it builds a bridge between them. image
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ferenckovacs 1 year ago
Nature always knows physics better, and our body also knows what’s best for it. This morning, I woke up at 1:30 AM on my own, without an alarm. Yesterday, the same thing happened, but I decided to go back to sleep. Today, I listened to my body and went straight for a run. Tuesday morning workout done, nearly 5 km, over half an hour. #2AMRUN
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ferenckovacs 1 year ago
I Saw This Live, and It Changed My Thinking I witnessed this conversation live in Madeira with @saylor, and it completely changed my perspective. Let’s recall it again, because this is still relevant today – and will remain so for the next decade. The Bitcoin Gold Rush Has Begun In January 2024, the Bitcoin Gold Rush started, and it will last until November 2034. By that time, 99% of all bitcoin will have been mined, with the remaining 1% to be gradually released over the next century. Effectively, this means that by 2034, Bitcoin’s stock-to-flow ratio will be infinite. The early days were chaotic: ❌ No bank could custody bitcoin ❌ Institutional investors couldn’t buy it ❌ Wall Street trading firms were left out Then, the approval of spot ETFs set off a wildfire. From that moment on, nothing else mattered: ✔️ Who gets elected president ✔️ Who leads the SEC ✔️ What politicians, bankers, or regulators think The Bitcoin Gold Rush had officially begun! #Bitcoin #GoldRush #DigitalGold #HardMoney
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ferenckovacs 1 year ago
Find Your External Motivation! When momentum fades, you need something to push you forward. Often, we don’t do it for ourselves but for our family, our team, our community – for those who count on us. I started running six years ago because I wanted to set an energetic and inspiring example for my kids. At 122 kg, I couldn’t have done that. Now, sharing my journey with you has become another source of motivation. Every morning video is a commitment—if I talk about it, I have to do it. And when I get messages from people saying they started running because of me, that keeps me going. This morning, I ran again. 5 km along the African coast, mostly flat terrain. Find the external motivation that will help you push through challenges and reach your goals! #5AMRUN #Motivation #Discipline #Health
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ferenckovacs 1 year ago
Why is Bitcoin Valuable? This is one of my favorite videos from Saylor. Every other asset—real estate, gold, stocks—can expand in supply as demand increases. If a stock price rises tenfold, the company issues more shares. Bitcoin is the only asset with a fixed supply. Modern monetary systems do not respect the laws of energy conservation. Inflation is a leak in the system—when a currency’s supply continuously increases, its value declines. Bitcoin is the first monetary system that is mathematically and physically conservative. It cannot be printed, inflated, or manipulated, ensuring equal access for everyone. Throughout history, the civilizations that managed energy most efficiently have prevailed. Bitcoin is concentrated digital energy—an economic steel that preserves, transfers, and holds value over time. While the U.S. dollar has lost 99% of its purchasing power over the last 100 years, and gold is continuously inflated by bankers and miners, Bitcoin has outperformed nearly every asset. Over the last decade, its average annual appreciation was 176.1%, and in the last five years, it still delivered an impressive 110.9% per year. A single open, permissionless financial network, where anyone can participate—no banks, no intermediaries. This is the ultimate system of economic fairness. #Bitcoin #DigitalEnergy #Inflation #MonetarySystem
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ferenckovacs 1 year ago
If you want to achieve great things, you have to get there somehow. That’s why I made a commitment at the end of the year: 200 workouts this year – whether it’s abs, weightlifting, or running. Why? Because I believe that working out two-thirds of the year will have a bigger impact on my health than anything else. This morning was workout #23: a 30-minute run with 160 meters of elevation gain. The year is long, but the goal is clear. Bet on yourself and take the steps that move you forward. #Motivation #Discipline #Health #Running
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ferenckovacs 1 year ago
My wife is a Haiku poet, and this is her first spoken video in English with her own Haiku. A new challenge, a new language, a new format—but the essence remains the same: a feeling, a moment, a thought condensed into three lines. What do you think? Should we post more? 🎤📜 #Haiku #Poetry #Art #CreativeWriting #NewChallenge