GM

If I back up my pixel then install and use Grafine on it can, can I then restore my old backed up OS onto one of the Grafine profiles? #asknostr

The level of financial literacy in Ireland is frightening!

The fiat mindset

GM

Tolkien was a Bitcoiner #memes

Day 13 of 75 hard done ✅ Hardest day so far! Sick toddler in the house and general exhaustion meant today's workouts were a walk and yoga. #75Hard

Started 75 hard again yesterday. For those that don't know these are the rules: 1 – Stick to a diet of your choice. Mine is stay in a weekly calories deficit, and no bullshit. 2 – No alcohol. 3 – Perform two 45-minute long workouts per day (one outside) 4 – Drink a gallon of water a day. 5 – Take a progress photo every day. (I failed on day 33 last time because I forgot this) 6 – 10 pages of non-fiction self-development books each day. (Re-reading @Lyn Alden Broken money to start with) Fingers crossed I can actually finish it this time.

Wish I had a cowboy hat as cool as @jimmysong

Developed a little game, based on Bitcoin blocks. Go give it a try. Just played TXGuess! 🎯 Guessed: 2013 · Actual: 2013 · Δ0 · H: 245,045 #TXGuess #Bitcoin https://txguess.com/

Just sold an old ps4 for 57,580 sats #stackingsats

Back tweaks and being in your 30s name a more iconic duo!

#introduction Hi all, I'm a data scientist, Rugby playey, Fitness addict and dad from Ireland (hence the username). Been in Crypto since about 2017, but became a maxi in 2020, you need a cycle to realise everything else is shit! Decided to get set up on Nostr as @Jor is always talking about it, so I'm still finding my way around. I'm in the process of starting a sub stack blog exploring the tech behind Bitcoin from a block point of view, mainly because I want to understand it more deeply, if anyone is interested in proof reading my first blog it would be greatly appreciated 😀

Been thinking about what @jack mallers said on @preston podcast recently. Trying to work through the math. Let’s say you start with 1 BTC, currently worth $100k. You borrow $10k against it (using BTC as collateral) and use that loan to buy 0.1 BTC straight away. Now imagine Bitcoin grows at 20% per year, (very bearish) In Year 2, BTC is $120k, so 0.1 BTC now costs $12k. You take out a new $12k loan, use $11.2k of that to repay last year’s loan (including 12% interest), and with the $800 remaining, you buy a little more BTC about 0.0067 BTC. You repeat this every year, take out a loan equal to the value of 0.1 BTC, repay the previous one, and stack the difference. Over time, you're gradually increasing your BTC stack with no additional cash input. Even though most of the new loan each year goes toward repaying the old one, you’re still adding small amounts of BTC every year and thanks to the rising price of Bitcoin, that value compounds. After 20 years, you’ll have grown your stack from 1 BTC to around 1.2 BTC, that's a great return IMO, but if we bump that CAGR up to 60% you earn about 0.5 BTC, a massive return. In other words, you’re letting your Bitcoin work for you, stacking a little more each year fairly safely,l and "passively", and without CGT. The main issue is if Bitcoin drops, especially before you’ve built up much buffer you could face a liquidation risk if the value of your collateral drops too low. For example, if BTC drops 50%, the same $10k loan suddenly represents double the risk, and you may be forced to top up collateral or sell BTC at a loss to cover the loan. Is there anything I'm missing? because this seems like a great personal "strantagy" to me.

Any Irish Bitcoiners on here? #Ireland