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TheBitcoinBattery
TheBitcoinBattery@primal.net
npub1kl8a...q497
Living life with an eye towards reason, philosophy, and truth. Cause and effect, economic pressures, and math ensure that Bitcoin is going to fix the world economy. Don't worry, keep calm and stack sats. Don't understand why? Study markets, money, and history. Start here: Bit.ly/StudyBitcoin
My thesis is this: Bitcoin is the jar of labor, that we fill with the value of time. The amount of time is always going to target 10 min, but the amount of jars we divide that time into shrinks while the amount of labor put into filling the jars generally grows. The jars are limited to 21 million, but the amount of value in time and energy they can represent is limitless and pushed upward exponentially over time with the halving mechanism. As long as the limit of 21 million remains, as long as every 4 years we have a halving, as long as there's no authority capable of demanding censorship of transactions, as long as wallet creation stays completely open with no gatekeeping, as long as those who hold keys can send to any address they please, and as long as the network remains proof of work, as long as you can run your own node, then nothing else really matters. The enemies of Bitcoin will do everything they can to make it work for them instead of for us, but they will fail because Bitcoin as a concept is too important to fail, and too valuable to those who are paying attention. Bitcoin is for those who escape warzones and need savings they can take with them through checkpoints and across borders, for those who want to escape inflation and fiat-slavery, for those who want to send money internationally without middle men, for those who oppose unchecked central power through monetary debasement, for those who oppose endless wars, and for those who want the world to simply slow down. I am concerned about the mining centralization, but I'm also not that worried about it long term. I am concerned about fiat governments colluding against Bitcoin, but I'm also not that worried about it long term. Even if the "first" Bitcoin network fails to escape capture, Satoshi discovered and showed the basics necessary for a successful electricity and time based proof of work coin, and we can try again. Something I have thought about, is central points of failure are the Achilles heel of anything. Look at the Coldcard hack, those who lost everything had Coldcard as a single point of failure in their personal Bitcoin system. What if there is an oversight we as bitcoiners are all having? What if having only one proof-of-work timechain is too much of a single point of failure? Hell, if Bitcoin is truly to be decentralized, wouldn't it make sense to have multiple proof of work time chains running as siblings to Bitcoin? Not shitcoins, parallel Bitcoin's with their own decentralized control, proof of work mining process, token limit, and halving schedule. The difficult thing about this is avoiding premines or movements with leaders or foundations that control the network, as those can never truly be free networks and would thus inevitably become shitcoins even if they didn't necessarily start that way. This is something I have considered as possibly the next phase of Bitcoin, maybe over the long term Bitcoin will become multiple parallel networks with bridges between them. The unifying factor not being a single network, but their shared connection to time and energy. That is what makes Bitcoin Bitcoin, not so much the timechain, but time itself.
There are more ways to improve your life than by diversifying into alternative monetary assets. During the last bull, from early 2024 to late 2025, I chose to build a film and television library. Now that we're in a bear market I can enjoy cutting subscription services and still have a library to keep me busy. Last night we watched The Fox and the Hound, we don't have Disney plus. I also have almost every Studio Ghibli film, we recently watched Spirited Away, Ponyo, and Kiki's Delivery Service (one of my favorites, I love Phil Hartman's performance as Gigi!). What is pictured is not my full library btw, just the main section. I didn't have a single copy of any movie before around January 2024. Feels good to build value in the physical world around me. I'm now looking into CDs at thrift stores and buying a lot of awesome discs of soundtracks, discovering new (to me) artists, and beautiful tranquil music for relaxation. Online there's lots of cool new affordable CD players with remotes and built in speakers even. My advice for anyone wanting to do the same: Hunt at local Thrift stores, lots of good movies available for a buck or two each. Hunt eBay sellers running buy 2 get 1 free specials on movies that are under $5 each, so 3 for $10 effectively. I also enjoy big sellers for new movies, such as Gruv (though I've read there's a quality dip recently) and please rewind on eBay. Always be building value in something real. 🀟
It appears that Gold and Bitcoin are behaving similarly. In the words of a Biologist friend: "It's like looking at the heartbeats of two different animals."
I have been thinking about the victims of the #Coldcard for days. I even cried a few times. Years of stacking, learning about why Bitcoin is revolutionary, why fiat is a plague, why the type of money you use really matters... To imagine all the effort and time put into it, only to have the stack suddenly gone because they put a 0 where a 1 should've been. Gone, just like that, for thousands of plebs, just like me. This is infuriating and should never have happened!!! So many times I've read recommendations for Coldcard as the most secure "airgapped" wallet, which I thought was probably safer than my current setup... But I decided it wasn't worth the trouble as I trusted my setup well enough. Ironically, the less trustworthy option I was using saved my ass. But the part that really gets me, is the trust I have in my setup is almost the same trust that the victims had in theirs, and if it failed them it could've just as surprisingly and just as easily been me. I am lucky that the self-custody setup and hardware wallet manufacturer I chose hasn't had a catastrophic issue that cost me my coins (yet). The risk is now more obvious then ever with the downfall of Coldcard, that you cannot keep all your eggs in one basket. Multiple manufacturers of hardware, multiple seeds, multiple passphrases, etc. You can do everything everyone says is right with self custody and still get fucked. This is a nightmare, and I feel horrible for the victims. πŸ’” What a terrible time for Bitcoin and bitcoiners. Just terrible.
The most frustrating thing about being a Bitcoin maxi is how it makes you into an extremely low time preference individual in a society that values extreme high time preference. But the frustration is ironically coming from the high time preference of wanting others to become low time preference πŸ˜‚. Bitcoin is the ultimate low time preference money, but paying with Bitcoin requires the receiver to understand it enough to be able to provide a receiving address, or to at least use a payment processor that supports it. Then it requires that they understand how to safely hold it over time assuming they don't immediately convert it into fiat. In a high time preference society where people don't take the time to understand money, they just want paper cash or tap to pay plastic, this is very difficult to do. Especially with how many scammers and shitcoiners their are preying on the ignorance of the average person, which makes Bitcoin off-putting by association. I want to help the person in front of me with something that holds it's value better than fiat, and that doesn't fund wars and corruption. If I'm tipping $5 nobody wants to accept a silver dime, and I don't want to tip in paper or on a card, and they don't understand Bitcoin enough nor desire to spend the time learning it. I think my happy medium is the 1/4 Goldback. I like the fact that I can hand someone a sorta-spendable piece of art worth $2 that is made of $1 worth of Gold, so I hand them out as tips all the time (I ask if they'd accept it first). Usually I do it along with a $2 bill and a copper half dollar so it's a mix pack of different small units of money. Usually I ask if they accept Bitcoin or Goldbacks, I show Goldbacks and they say no. If it's a cashier at a counter service restaurant I just hand them cash, and when I pickup the food I ask if I can tip them a 1/4 Goldback and maybe hand it to them with at least one half dollar. Take 5 seconds. If it's a sit down restaurant I'll explain the history of sound money and show them old silver coins, I'll them explain Goldbacks as kind of an attempt to return currency to it's roots in gold, and I'll ask them if they would like to receive their tip in Goldbacks or cash or a mix of the two. They often request a mix of the two, and it feels good to introduce a unit of sound money into the economy. Spending paper and copper feels like burning money, as over the long term that's basically what happens to their value. At least with a 1/4 Goldback, the gold helps the note hold it's value against inflation which is a good happy medium in my book.
The only things I enjoy spending my Bitcoin on are: food, bills, medical/dental care, and physical precious metal products. There's no world in which I would endure hunger or physical pain from medical issues just to continue holding Bitcoin, as revolutionary as it is it's just money and there's no shame in actually using it to take care of yourself. There's also no shame in using your Bitcoin to buy other forms of physical value storage that have historically held a place in prosperous societies and will hold a place again in the future on a global Bitcoin standard. IMO the rise of Bitcoin will coincide with a resurgence of precious metal currencies. But instead of the precious metals being the ultimate store of value, they will become treated like cash is today. Just as you don't want to hold too much cash today and want to spend it, the same will be true of the "cash" of the future. Smart people will trade their excess gold and silver for Bitcoin, just as smart people trade their excess cash for assets today. Gold loses value against Bitcoin faster than cash loses value against gold, only gold is able to support a happy long life while paper cash cannot. In a world with a Bitcoin standard, you can use Bitcoin in place of gold as the pinnacle of value storage and just spend gold into the economy. Those who do not understand Bitcoin, can use gold to support a happy life until they learn to understand why Bitcoin is trustworthy. There is value in transferring value without the aid of a computer, physical currency is more intuitive and easier to understand and that's okay. Both will have their place in the economy to come.
Bitcoin's success is all but guaranteed over the long term. The math is sound, the distribution and control is decentralized, the economic incentives are strong, and the need is great. I've made predictions in the past, they turned out incorrect. I think the failure is trying to put Bitcoin into predicted specific outcomes when it should be looked at more elastically. Bitcoin is on the path to some day bring the world into a new age of energy abundance. Not just in creation and usage, but in storage as well. Do things, don't do things, the end result of global Bitcoin dominance will still occur according to cause and affect. Focus on your family, your health (mental/physical), and defend your future by building your stack enough to be ready for anything.
I have been on and off writing chapters for potential books about Bitcoin, mining, energy, the dollar and Gold and silver, for the last few years. Haven't published anything. I think I'm going to change my methods, instead of writing a single book I'll publish articles/reads on Nostr and maybe other sites like substack. Inspired by Parker Lewis turning a bunch of his articles into his book titled "Gradually, Then Suddenly". Any advice on that from my Nostr peeps?
Bitcoin is money. The stock market is gambling with money. The stock market is from what I can tell currently in a 90s era style tech bubble, generally in these situations gamblers ("I'm smart") or people who don't know any better move their money into said stocks. Doing so reduces demand for money and increases demand for the stocks. Bitcoin is down IMO primarily because the stock market is going crazy and people are jumping out of the "dead/boring" Bitcoin and gambling it into stocks. But stocks aren't money, stocks aren't scarce, stocks are massively overexposed to the centralized and manipulatable debt based paper instruments in which they are often measured. There's no fundamental reality-based reason why the stocks are going up so much, while there are fundamental reality based reasons why Bitcoin goes up in value over time: Programmed increasing valuation against time and energy. Limited supply. Proof of work issuance. Decentralized program updates. Etc. Eventually this stock FOMO and Bitcoin FUD will experience a massive reversal, at that time people will rush out of stocks and back into money and debt based centralized paper instruments they've been conditioned to see as money. But Bitcoin, with it's concretely inelastic supply, will benefit the most. The entire world has never been more interconnected, productive, or technologically advanced as it is today all while the majority of people struggle to survive because they don't have sound money. 9 billion individuals, in order to conduct transactions with one another in the largest free market economy the world has ever seen, are in desperate need for decentralized sound money. The world doesn't need stocks, AI, or data centers, it needs money. Bitcoin is money.
Good morning everyone. I hope you all have a great day today. ☺️
Bitcoin is the invention of financial fire. The achievement of abundant scarcity. Humanity will never be the same.
Artist: Aurenza Titles: Breath In, Let Go (Reimagined) Shadows Leaning
I love spring-summer. Not super hot, everything in full bloom and new growth everywhere. What a beautiful world we live in. Don't forget to slow down and appreciate it.
Bitcoin is like a network of batteries that have the magical ability of instantly containing the amount of economic energy that the most recently produced batteries have, whether that's an increase or a decrease from before, and by coded law over time the most recently produced batteries require more time to charge. So far this has meant the entire network of batteries have become more and more energized with value, regardless of how much value they themselves took to produce at the time. Satoshis are batteries that store the value of the time and energy needed to produce the most recently generated units, this is why the network value tends to rise with the hashrate and diminishing output of Satoshis in return for that hashrate. The economy has always looked to the materials that store the most economic energy, for they serve as the hub of the economy that everything else orbits. Like an economic solar system with the most valuable network of trade units at the center. Unfortunately, because they've historically always been physical, the capture of the trade unit hub by those with the most ability to call upon physical violence was assured, giving rise to organized crime/government who centralized and controlled the creation and distribution of these units. But there has never in history been a government that did not get greedy and destroy the value of their trade unit, which usually destroys the thriving economies that surround them. When the value of the hub declines, so does the overall economy. Bitcoin is the ultimate hub, who's value is programmed to go up overtime and this changes everything. Who's existence is not in the material world but who's creation is anchored in it. Hard capped, proof of work, halving, decentralized, freedom units. Always easier to get today than 5 or more years in the future, globally needed and accessable. The rise of Bitcoin into a truly magnificent hub of value, will coincide with the decline of the greatest form of organized crime (governments) and the entire world will be better for it. "A new Golden age" doesn't even come close to what's accelerating towards human civilization in the 4th dimension of time. A new age of abundance around the hub of Bitcoin, not just of food and things but of time, which will bring humanity to it's Pax Humana. The Bitcoin batteries are forever charging, forever growing in energy density, forever spreading around the world, forever increasing freedom for all who are brave enough to learn and partake.
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