Mike Beatty's avatar
Mike Beatty
npub1yp4n...kqyk
Bitcoin student - sharing what I learn
Mike Beatty's avatar
mikebeatty 1 week ago
“A true measure of a persons character is what they do when nobody is watching” Without question the best money I ever made is like this. The Bitcoin community really is super cool and it’s always so appreciated whenever anything like this happens 🧡 image
Mike Beatty's avatar
mikebeatty 2 weeks ago
The issue with these numbers are they are so large no normal person can comprehend them. The only part people need to understand is that it’s impossible to pay it back… which means the ONLY solution is HUGE printing (inflation) Which means the ONLY solution for normal people is to hold something the state can’t F with US debt almost 40 trillion UK almost 3 trillion image
Mike Beatty's avatar
mikebeatty 3 weeks ago
Just reading the book Scale and though this was quite fitting for Bitcoin currently image
Mike Beatty's avatar
mikebeatty 1 month ago
Five years I’ve been asking this… Name someone who understood Bitcoin and then decided they wanted nothing to do with it. Best I’ve got is Taleb, and I don’t think he ever understood it as a protocol- just a “hedge to inflation” and an “asset”. @TC said Amir Taaki today, but he hasn’t rejected Bitcoin, he’s rejected who ended up running it. Not the same thing IMO. Anyone got better? 1k sats if you have a better answer to Taleb.
Mike Beatty's avatar
mikebeatty 4 months ago
Proudest Bitcoin moment to date. Did a talk with TC to some local farmers near Lincoln, which led to them accepting Bitcoin. Took the kids down, paid in sats for real food grown right there on their farm. And before anyone says “why would you spend your Bitcoin?” — I used the fiat I would’ve spent at the farm to immediately replace the sats. Bed & breakfast rule matches the disposal to the rebuy, so with prices basically unchanged the gain is negligible. Watched the kids run around the farm while I picked up proper food paid for in the hardest money ever invented. That’s proof of work. That’s the circular economy. That’s why we’re doing this. If you’re ever in the Lincoln area go and check them out! Paula and Matthew and their daughter Evie are amazing people. They even have Accomodation if you want a weekend away in this Bitcoin paradise 😉
Mike Beatty's avatar
mikebeatty 5 months ago
⚠️ There’s a forgotten trading system that I wish I knew about years ago. Charles Nenner found it in the 1970s. Bob Loukas applied it to Bitcoin. Once you see it — crashes stop being disasters. And you can finally stop panicking.