Pinned post

Bitcoin is the 2.1 quadrillion sat answer to the 1 quadrillion dollar problem. I couldn't think of a more ambitious, more important, more fulfilling goal than to help make a world that runs on Bitcoin a reality.

Bitcoin is the 2.1 quadrillion sat answer to the 1 quadrillion dollar problem. I couldn't think of a more ambitious, more important, more fulfilling goal than to help make a world that runs on Bitcoin a reality.

Satoshi Nakamoto mined a million Bitcoin and then left the fucking planet.

Vitalik Buterin mined 72 mllion ETH and sold them for personal gain.

Greetings, fellow Bitcoin Hackers. I just published a new article! This one I'm quite proud of; if you want to know why, go ahead and read it, and let me know what you think!

cryptoquick.substack.com/p/how

Some commodities can be money, but most aren't. Similarly, some cryptocurrencies can be money, but most aren't.

btcmerchant will be able to use your bitcoin core node directly (picture of me working on this here). it has descriptor wallet support, so you can accept payments directly into your hardware wallet. it already is integrated with clightning as well, lnd soon.

Show thread

@lain Last time I tried to sync Ethereum mainnet on a decent desktop computer, it wasn't possible anymore for me. That was 2 or 3 years ago.

πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚@Jack
---
RT @DocumentingBTC
Nic Carter just had to explain an inside Twitter joke on one of the most popular financial news stations in the world.
twitter.com/DocumentingBTC/sta

What’s the hotel to stay at in south beach for @TheBitcoinConf?

The million dollar DCA play.
---
RT @michael_saylor
MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per . As of 5/18/2021, we ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. $MSTR
microstrategy.com/en/investor-
twitter.com/michael_saylor/sta

Patience is a virtue,
Virtue is a grace.
Hodling all your #bitcoin,
Is how you win the race.

#BTFD #stacksats & #Hodl

So, I just learned about the whole #Freenode debacle. What in the actual hell. This completely fragmented things because I don't know if all the channels I'm on will move over to libera.chat. I hope they do, but it might be a matter of time at best before they do. I guess we'll find out soon enough. πŸ˜–

I do see from this toot that there's a relay, but for how long will that work?

mastodon.social/@cr1901/106262

I guess it was inevitable given the move to PIA. πŸ˜•

During times like these, ETH's utility as money is compromised, and ETH's utility for L1 smart contracts such as defi and tokens are even more so.

Should EIP 1559 be implemented pre-merge, what would happen if $2.5M in ETH were to be permanently removed from the money supply in only ten minutes? And post-merge, how could such a liquidity problem be solved if those who secure the network have no real incentive to sell their earnings? (since at least physical miners have physical costs to mining)

Show thread

I heard ETH gas fees were high today, so I went back and added up the mining rewards between the following blocks:

etherscan.io/block/12465153
and
etherscan.io/block/12465200

It totalled up to be over 1039 ETH, spread out over 47 blocks

Minus the 2 ETH block reward, that's nearly a thousand ETH in gas fees, within only ten minutes

That's $2,525,650.27 USD

Meanwhile, Bitcoin mined only one block around that period:

mempool.space/block/0000000000

It had 1.36 BTC of fees, about $50,630 at present prices.

thanks for the warm welcome yesterday, everyone! it's much appreciated. I'm somewhat new to bitcoin, but not to blockchain. I've come to really appreciate the elegance in its simplicity, and I appreciate being around others who think the same.

google is a declining company that hasn't found another way to make money other than spying on their own users and selling that data over and over to corporations that want to manipulate them

Bitcoin Mastodon

Bitcoin Maston Instance