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ScottBTC
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ScottB 1 month ago
I actually like bitcoin more when there’s negative sentiment. It drives out all of the bandwagoners and scammers. What’s left are the hard-core OGs. I’ve been in bitcoin since 2014 and you see the cycle every time. I appreciate @ODELL @jack mallers @HODL @Marty Bent They always remind the plebs to stay humble and stack stats
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ScottB 11 months ago
#asknostr Does #primal have a problem showing the correct follower count for anyone else? I look on #damus and it shows more followers than #primal
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ScottB 11 months ago
You’ve been lied to your entire life. It doesn’t matter when you started investing in the S&P500 or whether you did it for 10 or 20 yrs Green line. Your excess return over true inflation (Money Supply) Yeah, you “made” money over any 10 or 20 year period dating back to 1959, but it’s hit or miss whether you actually made money in real returns The golden era was if you were invested from mid-80s to ~2005. That was the golden window; in other words, Boomers. The Boomers were able to compound against real inflation in a real way for a 15-20 year window. Outside that window you were either negative or barely beating inflation. Sometimes generational timing is everything. The S&P 500 is your true inflation hedge with perhaps some slight upside. But not by much. Luckily we have #bitcoin now. But this is a serious misunderstanding in the world. Retiring early due to your investments in the TradFi world is nearly impossible. If you listen to @HODL @ODELL @jack mallers you already know this. Thanks to my brother for the chart and analysis. image
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ScottB 11 months ago
JP Morgan just held a conference with a bunch of RIA‘s. One of their top guys was bashing #bitcoin saying it is “nonsense”, “worthless”, and “so obviously fraudulent”. Asserting that #bitcoin and eth are no different. (1) we are so early! (2) #bitcoin is really hard for TradFi guys because they have to humble themselves enough to watch people like @jack mallers @ODELL @HODL Who, no offense, don’t profile as the typical financial types. Even though their returns beat everyone on Wall Street. every day I wake up and I’m blown away that there are still millions of people that don’t get it yet. That means that there’s still massive upside for all of us. Lock in! Buckle up! 🚀
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ScottB 11 months ago
The analogy that keeps coming to my mind for #bitcoin vs #fiat is that Bitcoin is like pouring water into a bowl. What you pour in stays there. Fiat is like pouring water into a colander. The water only stays there for a minute and then escapes out the holes. As long as I constantly have water flowing into it, I’m fine, but the moment I stop the flow, I look down and realize I have nothing in my bowl.
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ScottB 11 months ago
So here is my assessment of the #butcoin right now. Everyone is waiting for inauguration day. So until then all of the narratives are repetitive…. Literally the same stuff for the last month. Haha I keep going to X and #nostr to see if there is something new, but nothing but repeat. Trump will probably sign a basic EO to start the semblance of a SBR, but it won’t have any teeth unless congress passes something with is not super likely for a few months…. If at all. BTC will get a quick pop after trump goes in and then chops at $120k until the spring. Then 🚀 Stay humble and stack sats!
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ScottB 11 months ago
What is the secret to getting rich?💰 The secret lies in something fundamental—time and consistency. Satoshi built this principle into Bitcoin’s very foundation. Every 10 minutes, a new block is mined, creating value for the network. Over time, this steady, reliable process has built fortunes and transformed lives. The same principle applies to wealth building: use time to your advantage. Consistently add value to your savings, no matter how small the effort. With patience and persistence, you’ll achieve generational wealth—sooner than you might think. As @ODELL says: “Stay humble and stack sats.” #bitcoin #nostr
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ScottB 11 months ago
What’s the deal with Primal asking for my information to activate my lightning wallet? Is this some kind of soft KYC requirement?#primal @primal #nostr
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ScottB 11 months ago
Coming from X to Nostr feels like yelling in the woods with no one to hear you 🤣. Inspired by @ODELL to try it out. Not 100% sure if I am setup right. Maybe it’s just a by product of starting over.
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ScottB 11 months ago
Loved the @ODELL @jack mallers @HODL pod. My favorite concept from Mallers is how bad things happen when the world separates itself from its natural state. Sleep is a big one in my life. The proverbs say, “Early to bed and early to rise, makes a man healthy, wealthy, and wise”
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ScottB 11 months ago
What is best example of proof of work in your own life? For me it’s parenting. If you want good kids you have to put in the work. Simply being around (Proof of Stake) is not enough.