Did a little mental math that blew my mind just as much as those I was trying to make a point to.

2017 a house costing $300,000 would have set you back 75 Bitcoin.

That same make believe house in 2021 costs $345,000 and would set you back 6.77 Bitcoin.

Moral of the story, start pricing things in Bitcoin and all your inflation woes disappear.

Just used a pre-paid movie pass I bought years ago. The movie today cost $16.50. I bought the pass for $7 back in the day. Pretty sure my salary has not double since I bought the movie pass. But inflation is good for the economy and nothing for us to worry about…

Any other tooters in Miami for Bitcoin 2021?

Looking for some audible book recommendations. I have 4 credits to use. I've been on a history bent lately but open to any suggestions out there.

Books I've finished

Genghis Khan & the Making of the Modern World - Jack Weatherford
The Lessons of History - Will & Ariel Durant
When Money Dies - Adam Fergusson
Atlas Shrugged - Ayn Rand
The Fourth Turning - William Strauss, Neil Howe
The Price of Tomorrow - Jeff Booth
Snow Crash - Neal Stevenson
City of Thieves - David Benioff

Busy week in the Bitcoiner Chat Matrix room this week! Topics including...

- Segwit address types
- China mining FUD
- Migrating Dojo's
- Sparrow Wallet
- Specter wallet + pruned nodes

What you waiting for?


Just got this email from my legacy fiat bank. I'm so glad they're letting me know about all the opportunity I'm missing out on. What a broken system.

Hi Normie Norm,

Your Online Savings Account has a zero balance, which means you're missing the opportunity to earn money at our high-yield rate of 0.50% APY.

We also want to let you know that we may close your Online Savings Account unless you make a deposit within 30 days of the date of this email.

I heard about the Lightning Ring of Fire concept on @NunyaBidness podcast this morning.

Anyone interested in trying out a Bitcoin Mastodon Ring? The concept seems very interesting and as a LN noob I'd love to get my hands dirty, seems like a great way to learn.


@NormieNorm @flexbit I have never used this software, but it sounds like LNDHub might be what you want: bluewallet.io/lndhub/

afaiu, LND itself will only create a single wallet, but LNDHub can allow you to manage multiple (custodial) wallets from it (the LND node owner is the custodian). Found this through: github.com/lightningnetwork/ln

I'm shutting down my nicebit.net server and moving my mastodon account to @nicebit_net -- please follow me there, this one is going to get deleted soon. Thanks! bitcoinhackers.org/web/account

My niece turns 4 next week. She was born the year I fell down the rabbit hole. I decided to give her bitcoin instead of dirty fiat for her birthday and Christmas gifts. The amount I’ve given her has appreciated over 900%. Hopefully by the time she turns 18 it will help give her some degree of financial independence. Bitcoin is the greatest savings technology we’ve we seen.

Even the Mongols knew the importance of a sound monetary policy back in the 13th century. Amazing how people forget the failure of debt and an inflationary currency over and over again throughout history.

Current Open Positions:

Sold 2021-03-26 Call $75,000
Premium Price/BTC $790
1.8 BTC mini (0.018 BTC)
Collateral locked: 0.18 BTC
Premium: $14.22
Fees: $0.09
Net Gain: $14.13

Sold 2021-03-26 Call $60,000
Premium Price/BTC $1,425.68
18.8 BTC mini contracts
Collateral locked: 0.188 BTC
Premium: $268.03
Fees: $2.82
Net Gain: $265.21

Baseline Comparison
Trading Options: +26.65%
Buy and HODL: +27.71%

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My 3/12 puts expired out of the money so I collected $28.48 in premiums. With the collateral released I had a total of $1038.48. I decided to buy 0.018 BTC at $54,600 giving me a total of .206 BTC. LedgerX settles BTC purchases the next business day so I had to wait before I could sell more covered call options.

Woke up this morning and BTC broke new ATH and by the time my 0.018 BTC purchase settled the price was $61,300. I decided to sell 3/26 call options with a strike price of $75k.

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What is worse?

I don't like the smart dumb people getting in this cycle. If they didn't hold bitcoin through 2017/2018 there is a good chance I don't care what they think.

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