I just bought myself a genesis block mug, and used my own lighting node to pay for it. https://bitcoinshirt.co/shop/home-living/mug/bitcoin-genesis-block-mug/Pow. Instant. Fee: 1 sat. Now I trying a loop in to replace what I spent from my node. I never used loop in before. It's pretty interesting... not sure that it really saves on fees? But it's some interesting HTLC stuff happening in the background. |
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Oh and did anyone see Pomp annihilating Peter Schiff last night? I did not used to really respect him, but his perspective has matured and sharpened a LOT over the last few years... he's a real asset for BTC. Understands it, and delivers extremely well on TV etc.
https://www.youtube.com/watch?v=Gwmxx5o8cn4"How do I hang up"? That's how Schiff ends the podcast. Probably just thinks it funny. But he was GIVEN bitcoin and "lost the password". Seriously. This is the reality that we have to build for (I say we). When I hear Matt O'dell describing privacy best practices, and he and Marty trying to get people to run nodes, and all that I just shake my head. It's not that this is not important, but it's that it's MORE IMPORTANT to onboard all the non-geeks. Peter Schiff lost his BTC because the tech was too hard for him. There are SOOO MANY people this is true for. And they are not all boomers. This is why I still think Cash App and probably eventually Paypal will end up being the most important layer two solutions. Us geeks can custody ourselves and use multi-sig and so on. Anyway Schiff is such a bonehead. |
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I am LOVING THIS.   OK Seriously.. are we gonna spook it? I kinda feel like honeybadger is gonna do whatever he wants. Oh and did anyone see Pomp annihilating Peter Schiff last night? I did not used to really respect him, but his perspective has matured and sharpened a LOT over the last few years... he's a real asset for BTC. Understands it, and delivers extremely well on TV etc. |
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I quite enjoyed the interview. To be honest I believe the guy. Maybe I am just a fool. But I think he honestly answered the questions in the interview. I do not think he is as anti-BTC as he comes off. And I kind of understand where he is coming from when it comes to some of his decisions. I really HOPE they were blindsided by the Hacking Team thing. It's hard to imagine they would have done such an extreme about face had they not just done such a terrible job of due diligence. But I also think he comes off as naive in many ways. Still you don't build a business like that one entirely by accident. never been a customer. Never would be. Have never suggested them. With Cash App on ther scene there is no reason for them to exist anymore, frankly. All they have is first mover advantage. Very pleased that McCormack pointed out the ZCash is a lie including the recent de-anonymizing that happened, and that Monero is the king of it's realm. Armstrong seemed to recognize Monero is the best, and that's why they don't list it, but that they want to. I dunno... maybe he is just a boot licking anti-BTC statist. |
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Well I'll sum some of it up from my position.
[...]
Wouldn’t want to have missed it for the world  I know! |
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It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.
Of course, even if bitcoin is designed to pump forever, even the stock to flow model will taper off along the way. We have already witnessed a tapering off of each exponential wave in terms of the percentage increase at each 4-year fractal. So, yeah, as the BTC market becomes more saturated, it won't be able to even come close to pumping as much in terms of percentage as it did in the previous 4 year fractal, but we are still at less than 1% of world adoption.. AmiNOTrite?.... so there seems to be room for a few more BTC exponential pumpenings.. in the coming years.. especially looking at the next few years and even meaningful 12-years ish or more. No? Why so pessimistic, cAPSLOCK? Especially in the near term? And who gives any shits if BTC is not sufficiently pumpening in 50 years because the BTC market is potentially becoming more saturated? Do you really care about stock to flow model being broken (or less accurate) in 50 years or whatever? Who fucking cares? Many of us will either be dead by then or too busy banging hookers, whipping donuts in Lambos and snorting blow to even notice, right? You took my quote out of context. But I am always trying to find holes in my current hypothesis. My point is those are the very best I can do, and they are weak. The crazy thing is the contrarian in me is trying to make a case for the former:
It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.
So weak. I just can't make any of those stick... Fair enough that when we are batting around ideas, sometimes the context will be misunderstood. I did not have any ill-will in that direction, and surely I consider you to be overall bullish in regards to bitcoin and various fundamental bitcoin ideas - so hopefully neither bears nor bulls were hurt by any of these back and forth statements (well, maybe hurting bears is generally o.k.?)If you look back at the posts I was making last night I was pre-celebrating for what I saw coming today. I am so bullish it scares me a little. |
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Every big bull run after the first one (Which I did not really see start, talking about the $0-$30 miracle circa 2011) the tensions in the BTC community would build to a fevered pitch with people eventually becoming stress volcanos and then BOOM... De bool beegan hees rrrun! Many of you here can remember how everyone was so angry at each other here and on twitter back in early 2017. Blocksize debate and all the things that didn't even make sense. Well i did not want to jinx us, and I do not think I am powerful enough to. But I feel like Bob had to sacrifice himself on the angry altar for us to truly get this firework lit this time. That's what it took... and mad as he may be right now for *reasons* whatever that means. So unless I am wrong, and I am sorry if I am... BobLawblaw will forever be remembered as the man who lit the fuse on this cycles rocket.It will go down in BTC history. It's possible students in the future will consider his sacrifice as Americans have considered the sacrificial things the founding fathers did at the start of their country. Someone had to do it... he did it. I sure hope he gets much better and eventually comes back while we all wave palms and throw confetti. But NOT TOO SOON DAMNIT. For now he should keep smoldering and posting his whale-move updates. just noticed my post is whistling the same tone as yours. i did not know yours when i wrote mine. interesting.  Yes, I saw that too. I have often thought about people looking at these words in the event BTC becomes the new world reserve currency. Perusing these forms, and probably it's most dankly meme ridden pile of shitposting the WO to get and idea of what we were thinking "back then". Well I'll sum some of it up from my position. -A lot of us feel like we have awakened into a world full of sleepers, and can clearly see that what is coming, and most people think we are just nuts. -Well I guess we are a bit, and you've also noticed that. -By this point many of us are fairly hardened seeing what may have become our net worth expand 20 times, and then drop by 90%. Not once or twice, but some of us three or four times. -Right about now we are expecting this next cycles bull run to be imminent. -Sometimes we were scared, mad, or frustrated. None of us knew the future even though we all felt pretty strong about what we saw coming. -We knew the "greatest wealth transfer in history" would be hard for many. Most of us didn't want there to be pain -We also thought Bitcoin would fix a lot of the real problems caused by the slave-economy of central banking. -We also foresaw the return of Vegeta, not just at 90k. But possibly at 900k as well. -We also lived through 2020. You guys probably understand that MUCH better than we currently do. -We were libertarians, liberals, anarchists, hopeful seasteaders. -And yeah... we know you wish you had been here with us... or your parents... or your grandparents. |
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future generations will try see the wisdom in what you have written.
Or at least the banjo memes! |
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...but his mind was all rusted...
...it was Masterluc he trusted...
[...]
And if all of the above hasn't made you, mindrust,
Reconsider, and quickly get some corn in your stash,
It won't be r0aches or ants,
At the seat of your pants,
But the boot of a HoDLer in your stubborn fat ass!
Fuck I wouldn't want to be mindrust right about now  Yup, he popped into my head earlier today. Can't decide whether to think of him with sympathy or stupidity in mind. I can't help but feel sympathy for him, but the stupidity of selling at $3xxx, after he'd spent so much time here with fellow WOers, wins out. Fundamentals, etc. Sorry for his losses but he really should have known better. Never mind, just suck it up and buy back, as we all advised at the time. Then, after learning how to hodl through anything, in x years from now, he'll hardly remember the act of stupidity and will need no sympathy. But he'll know that his name will live forever as a verb: 'to mindrust' - or, 'to do a mindrust' - the act of failing to hodl verb, mind·rust·ed, mind·rust·ing. to fail to hodl; to sell, by way of panic: e.g. The foolish gambler mindrusted all of his bitcoins away. I made the largest purchases (in USD at least) I ever have of BTC right at the same time. I sort of like to think I have some of his coins. |
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It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.
Of course, even if bitcoin is designed to pump forever, even the stock to flow model will taper off along the way. We have already witnessed a tapering off of each exponential wave in terms of the percentage increase at each 4-year fractal. So, yeah, as the BTC market becomes more saturated, it won't be able to even come close to pumping as much in terms of percentage as it did in the previous 4 year fractal, but we are still at less than 1% of world adoption.. AmiNOTrite?.... so there seems to be room for a few more BTC exponential pumpenings.. in the coming years.. especially looking at the next few years and even meaningful 12-years ish or more. No? Why so pessimistic, cAPSLOCK? Especially in the near term? And who gives any shits if BTC is not sufficiently pumpening in 50 years because the BTC market is potentially becoming more saturated? Do you really care about stock to flow model being broken (or less accurate) in 50 years or whatever? Who fucking cares? Many of us will either be dead by then or too busy banging hookers, whipping donuts in Lambos and snorting blow to even notice, right? You took my quote out of context. But I am always trying to find holes in my current hypothesis. My point is those are the very best I can do, and they are weak. The crazy thing is the contrarian in me is trying to make a case for the former:
It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.
So weak. I just can't make any of those stick... |
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Not to be a downer... but king daddy kong is taking his belt to the alts.
As usual Monero seems to have the better end than *most* alts (aside from BSV and ZEC which makes me almost want to set fire to shit).
We have a LOT of support around .07. Even if it drops below it tends to pull back fairly quickly.
Would be nice to see XMR recover well along with the few other "blue chip" alts.
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Is this the first 1k candle day? Gentlemen.  |
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Oh boy...
Are we going to see an attack on 10500 today?
Observing ten-six... kind of. I meant seven, obviously. Maybe eight by the time I hit "Post". The green wall is getting more wall-like. Not gonna post a coinbase screenshot as that is like farting in an elevator I'm told. Here comes 9. |
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$11K within a few hours ?? :-p
Could be in 10 minutes at this rate.  |
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Oh boy...
Are we going to see an attack on 10500 today?
Observing ten-six... kind of. Better take a pic before it's in the rear view. Oh, and hey... when exactly are we gonna fill that CME gap? |
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Every big bull run after the first one (Which I did not really see start, talking about the $0-$30 miracle circa 2011) the tensions in the BTC community would build to a fevered pitch with people eventually becoming stress volcanos and then BOOM... De bool beegan hees rrrun! Many of you here can remember how everyone was so angry at each other here and on twitter back in early 2017. Blocksize debate and all the things that didn't even make sense. Well i did not want to jinx us, and I do not think I am powerful enough to. But I feel like Bob had to sacrifice himself on the angry altar for us to truly get this firework lit this time. That's what it took... and mad as he may be right now for *reasons* whatever that means. So unless I am wrong, and I am sorry if I am... BobLawblaw will forever be remembered as the man who lit the fuse on this cycles rocket.It will go down in BTC history. It's possible students in the future will consider his sacrifice as Americans have considered the sacrificial things the founding fathers did at the start of their country. Someone had to do it... he did it. I sure hope he gets much better and eventually comes back while we all wave palms and throw confetti. But NOT TOO SOON DAMNIT. For now he should keep smoldering and posting his whale-move updates. |
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We are the new richie, gentlemen.
 We are all Richie. Or his ghost, Casper. If BTC goes below 1k That's crazy. I never noticed that Richie and Caspar are basically the same dude. Is that a thing? Or a coincidence? |
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After so much time in a tight range, these moves are making me seasick ! In a good way though, especially since they're upwards.
Makes you feel alive! * deep breath of hopium * I reaaaaally hope we don't top out here.. Me too. But if we do... well that's just gonna make the run that much stronger. We *could* linger for a few more months in this triangle. But we have already broken it to the upside. So now it just has to prove it's not a headfake. A headfake here would be almost a black swan I think. |
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... some seriously weird behind-the-scenes charts in the gold market. https://www.kitco.com/lease.chart.html... the fiat funny farm is tearing itself apart, it's so large, has so much inertia and is taking years to play out that it is almost impossible for any one individual to describe the total collapse in detail. As an analogy, imagine if something the size of the moon crashed into the earth in ancient times and all the individual reports described their local experience but nobody had satellites or aircraft to get higher level views of the totality of the impact. There would be reports of massive waves, floods, clouds of dust reaching to the sky, fireballs streaking across hellscapes, earthquakes and ground runctions that threw people hundreds of meters, mountain ranges either appearing or disappearing on the horizon. The reports would read like an alternate reality to someone living in 'normal' times. This is what it is going to be like for a collapse of the global fiat reserve monetary system, generally craziness on a grand scale in all economic and financial affairs. Until we see thousands fat cat bankers in NYC jumping from high rise buildings en masse, we're not even close yet. That will be the sign. I should feel bad that I am looking forward to this. |
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