Bit N Beautiful's avatar
Bit N Beautiful
npub155kk...vxmr
I like Bitcoin ๐Ÿงก Full-time Full Noderunner, part-time cider brewer. Small time Bitcoin miner.
So #Bitcoin has a lower inflation rate than gold now. It's officially the scarcest asset ever in the history of mankind.
I don't know any IRL #Bitcoiners. But I bought a fine champagne image And I invited my entire family over for a nice glass of bubbles and a few hors-d'oeuvres. Most said yes. ๐Ÿ‘ Little do they know, they're attending my halving party tomorrow.
image I started #mining!! ๐Ÿงก It's an old #Bitmain S9. It's wildly inefficient. It produces about 9T/h at 700 Watts. I pay about 10 times more for electricity, than I get in #Bitcoin. But I figure like this; I believe the sats I mine will go up 15 times in the coming 5 years. So they are still cheap! ๐Ÿคฃ Main reason tho: contribute to the network. A good friend of mine said: Hobbies cost money.
If the #Bitcoin price goes Down or stagnates... while the ETF inflows are positive. It means HODLers are selling.
I started off as a degen shitcoiner. And I lost a load of money. Because I was an extremist. Then I became a 13%, 80 IQ #Bitcoin maximalist. And I became rigid. Because I was an extremist. It took me 10 years. But I think I'm finally at a point where I can see the two as completely separate and non contradictory. Bitcoin is a hard asset. A vehicle for saving, certainty and security. It's great. The rest is for tech, gambling and trading. And it's also great. It's fine. You can be a maxi bitcoiner, but enjoy the crypto tech, crypto hype and the crypto casino.
This rise in #Bitcoin price is only exacerbating my FOMO. My girlfriend says; just be happy, you've been talking about this for years. But I'm freaking out! I liked us at 15k and I'm afraid of change!
After the #Bitcoin pump in the last weeks.... My dad asked me if I could get him a 10 Bitcoin Bill!! I'm pretty sure he didn't read the material I gave him. The bastard. Don't worry, tho. I'll set up a lightning wallet for him and I'll try not to be petty about it... I'll give him 20k sats. But between you guys and me; if stubbornness needed a name, we'd call it dad. Good lord!
Thought experiment. If #BTC gets to 1 millie a coin. It will become more of an elite, high net worth protocol. It is too expensive for normal people. The first best alternative is the same protocol, but with bigger blocks. #BCH Bare with me. A lot of smart people left BTC for BCH during the war. Maybe in future, the two can coexist. Maybe #BCH is the silver to #BTC's gold. Maybe... those smart people, who were/are true bitcoiners, did have a point to run the same protocol, but with a bigger block. Not as competition, but as addition. What do you think? Is BCH bullish or is BCH bullshit.
OTC #Bitcoin means over the counter Bitcoin. There are companies that hold large amounts of Bitcoin and they sell it in bulk to you. That means; if you want to buy 10 million dollars worth of Bitcoin in one go, they have the Bitcoin on the shelve. And they can provide you with that huge amount for a set price. This means you don't have to go on an exchange. You don't want to buy that amount on an exchange, because you will influence the price to your own disadvantage. You will be pumping your own buy price. Hence, you want to buy OTC bitcoin in bulk. This is what Blackrock does and where all the big players buy their Bitcoin. It's to not pump the price. This chart shows; the OTC sellers have ran out of Bitcoin... if you want bulk BTC now, you will have to pump the price on an exchange. image
I'm quiting my job tomorrow... it's scary, but I'm also excited ๐Ÿ˜…. I've been working there for 7 years and I don't have another job lined up. But I'm not happy and I have to make a change. And it's time to stop being scared. I should not stay at a place I hate, just because I'm afraid. Tomorrow is my pivot ๐Ÿงก๐Ÿ’ช
I don't get why people buy silver and gold. If you buy it, you'll have to pay a 15% premium on the gold price to the gold trader. And when you sell it, you'll have to pay a 15% discount to the gold trader. There's literally only 1 person making money... the gold trader. He earns when he sells and he earns when he buys. This what Peter Schiff doesn't want you to realize. He's not in it for the hard money. He's not in it for the hedge against inflation. He just wants you to buy his coins and then sell them back to him.
I've tried to orange pill my father for years. I bought him #TheBitcoinStandard by Saifedean. He finally read it, after months. He hated it! He said Saifedean was biased and he didn't factor in all the wealth central banking has brought to our lives. He got really riled up, very much unlike him. So this brings to a close, years of trying, years of debate. It appears that what they say about old dogs is true. I feel, in honesty, a bit crushed. I've asked for my books back, and got them. Now I have 2 copies of those books. But it also feels like a weight fell from my shoulders. I don't have to try anymore. I have provided the information and he rejected it. It was his own decision. I don't like saying it ,but I will this one time: HFSP, dad!
#Bitcoin is turning heads in the mainstream again. Ready for early majority?
This was on Peter McCormack's podcast. It gave me goosebumps. I think it shows that all new technology will feel like alien technology. Bitcoin is alien ๐Ÿ‘ฝ
One day, they will ask us if we can pay for their services in #Bitcoin. And we will consider it.
We are ALL satoshi. Except Craig Wright. He's #Faketoshi. #COPAvsWright
โ†‘