To honor the new year, I'm going to smash buy #bitcoin at midnight. Who's with me!?!

1,089,599 And that's still way too. High. My guess is that was the all time high for solana in #bitcoin. View quoted note →

Solana is worth1,108,880 #bitcoin right now. No way this holds over the next decade.

The impending quantitative hardening makes me qualitatively hard. 🍆 View quoted note →

There’s no bigger betrayal than when an all iPhone group chat member becomes an android user. This feels deeply personal.

Does #bitcoin hit a new all time high (in USD) *before* the halving?

As I get older (& hopefully wiser?), the more I think about how *knowing* and *understanding* are two very different things.

I’m $40,000 richer. Apparently.

View quoted note → This to me is the biggest risk of ordinals. The JPEGs become child porn, & we find out later it’s a three letter agency who was doing it in purpose with the plan to attack node runners for trafficking in kiddie porn. I think this is a very low probability event but it’s non zero probability event too.

“[Ordinals are] God’s way of saying you’re making too much money.” - Robin Williams

And it starts:

This is what happens to the price of #bitcoin when your currency gets devalued by 50% overnight:

“The tree of #Bitcoin must refreshed from time to time with the blood of leveraged longs and leveraged shorts.” - Thomas Jefferson on #Bitcoin

View quoted note → @ODELL really called it.

What’s the likelihood we end up with separate lightning networks? Here’s how I see this happening. The government passes a law that requires all companies who operate lightning channels to 1) know who they connect to and 2) that who they connect to is a person or entity subject to the laws of the United States. As of right now, most lightning payments flow through one of these large companies. This means anyone who connects to the likes of Cashapp, Strike, or River will know that the government knows who they are and they can expect to be subpoenaed to find out who they are connected to. And suddenly we have a US regulated and surveilled lightning network and then another rest of the world lightning network.

@jack: what if the hardware key didn’t need to be near the same mobile key whose funds it was signing for but could be near another trusted person’s social key so it could be used as a second signer? (Using similar tech as the social recovery.) I’m thinking two trusted friend/family members exchange hardware keys and, if I’m reading this right, neither can do anything to each other’s funds unilaterally. They can just co-sign for a payment, a change to the mobile limits, or a mobile key recovery. The only area of concern I see is authorizing changes to trusted contacts (I assume that’s not unilateral, and it must first requested by the mobile key) and security settings (which I assume is the same).m I’m thinking this reduces geographic risk and even attack risk. (If my hardware key sits across the country, good luck getting more than the set limit.)

I really don’t understand how the recovery works. Also, isn’t losing *both* the phone and hardware wallet and being able to recover the funds at odds with the later point that it can’t authorize recovery without either the phone or hardware wallet? View quoted note →

When you make a new bestie who hates #Bitcoin as much as you do. “Big banks and big government: we’re both here for the little guy.”

View quoted note → On rice, the story of Japanese rice is the story of fiat globalism gone crazy. So, in Japan, rice is a staple but according to the government growing and consuming its own rice is also a matter of national security and Japanese pride and heritage. So the Japanese instituted a bunch of large tariffs on imports (at one point they fully banned imports) and banned exports. But Japan was part of the WTO and this was a clear violation of the WTO. They negotiated that they would buy a quota of foreign rice but they don’t use it. They stick it in warehouses to rot. At one point, the price of rice started skyrocketing effectively harming poorer nations like the Philippines. So some negotiations took place and they got Japan to agree to release its surplus stock in its warehouses and the price started to come back down. As far as I’m aware, this is still an ongoing practice. But admittedly, I haven’t kept up with it. So it may no longer be the case they do this. No surprise that global central planning doesn’t work and often causes insane outcomes.

View quoted note → I was just talking to my dad and I mentioned the price action and how it’s a bit nauseating fast now. And he said to me “You said something to me awhile back I thought was really smart. You said ‘#Bitcoin is going to do what Bitcoin is going to do.’ So just relax and ignore it.”