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BitcoinMike
npub1aq72...p3gg
@BitcoinMike23 on Twitter
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BitcoinMike 2 years ago
My response to Peter Schiff saying only physical objects have value. image
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BitcoinMike 2 years ago
Does anyone know what invalid nostr string connection means when I attempt to attach a new wallet?
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BitcoinMike 2 years ago
So cool. I love how arguably one of the most important figures ever remains anonymous. Reading through some of early emails from him/her that came out today, so interesting. Imagine holding something that at the beginning is completely worthless and now is worth 90 billion dollars and not once during that rise you sold. It tells you one of two things, either this person is dead or they have the most insane conviction beyond their project. This reminds me so much of V for Vendetaa where the identity doesn’t matter, the idea becomes so much bigger than the person. image
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BitcoinMike 2 years ago
Does anyone know a way to convert ETH into non KYC Bitcoin?
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BitcoinMike 2 years ago
Peoples lens of the world plays a major role in how they see bitcoin.
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BitcoinMike 2 years ago
Feel like giving 100 sats to a random follower
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BitcoinMike 2 years ago
Afraid my ex didn’t understand bitcoin. I feel bad
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BitcoinMike 2 years ago
Halving price predictions anyone? I’ll give mine 100 million satoshis = 1 Bitcoin
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BitcoinMike 2 years ago
Why does this make me laugh so much? I fall over when scammers blow up
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BitcoinMike 2 years ago
Let’s say by some miracle Craig Wright was Satoshi. Would it matter, bitcoin has morphed into what the people/market want. It’s completely irrelevant if he was Satoshi or what his original ethos would have been. Bitcoin an alien life form like The Thing, it assimilates.
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BitcoinMike 2 years ago
Everyone keeps asking if the shit coin bubble will happen again. It will on Bitcoin itself. Just listen to this.
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BitcoinMike 2 years ago
when i see these articles i scratch my head about how little writers and even economists understand about Inflation, simply put it goes up forever, period! How can inflation be transitory if it's a mandate to keep it at 2 percent. Transitory for 100 years? Let’s do some math You have 1000 dollars The standard inflation is 2 percent which means the next year 1020 dollars buys you what previously bought you 1000 dollars. Inflation spikes to 10 percent now 1122 buys you what 1020 did. If they bring it back down it’s 2 percent of 1122 which is 1144.44 (btw all they do to bring it down is raise interest rates to stop people from borrowing and sell treasury bonds that no one wants, what happens when no one wants those bonds) in reality nothing really brings it down. It compounds constantly. Our brains do not understand this at all. Nothing returns to its original levels. So when I hear any politician talk about how they reduced inflation I think about how people think they can manipulate math. Over a 7-10 year span prices double. This is the same nonsense that keeps you paying credit cards forever. credit card companies don’t want you to pay them off, they want the interest and free money. They rent seek off people. Same with mortgages, you end up paying double for your house over thirty years. Ever pay a bill you feel like you’re paying down and next month it’s the same? Everyone has felt that. Eventually this breaks because it compounds so rapidly that the consumer/market can’t handle it. Here’s the truth, INFLATION SHOULDNT EVEN EXIST! Inflation only exists because of printed money, the corporation profits that we all complain about are the result of the printed money not the other way around because they own the hard assets that go up in value. Go deeper than just corporate profits. You can’t redistribute wealth in this system, the debt stack far too insane. it’s all a printed money illusion. This particular issue is not a right or left issue, it’s a math and piping issue that runs far deeper. Simply put, you cant save a system from a system. All sides of the government will continue to print to avoid a credit collapse that would make the Great Depression look like child’s play. the natural state of the world is deflation. more for less. your iphone in 1950s terms is a trillion dollars, but today you get it for 1000 dollars. The world wants to give you more for less but the printing of dollars wont in key areas like food, rent, groceries. Meanwhile TVs and tech get cheaper because they move at rapid deflation speeds. image
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BitcoinMike 2 years ago
There’s something in the bitcoin space my brain can’t process. It doesn’t eat at me, but it causes lots of thoughts about how humans view things.