Now running gittr 🫡 Gittr.btcforplebs.com
This is a LOT of fun! I just got this running today and moved over BTCforPlebs.com to be hosted there
gittr
BTCforPlebs/btcforplebscom
BTCforPlebs.com
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Woke up this morning to a really cool notification! My Apple-touch-icon PR got merged with @LNbits and is slated to be included in a massive v1.4 release cut later today. Even thought it’s just 19 lines of code, the thought that thousands of people will use code I contributed is so inspiring! View quoted note →
Switching from IBIT to FBTC is like two kids endlessly trading the exact same Bitcoin IOU back and forth, but the actual Bitcoin never leaves Coinbase Custody’s vault. - Kid A sells his “BlackRock Bitcoin IOU” and uses the dollars to buy Kid B’s “Fidelity Bitcoin IOU.” - Both IOUs are backed 1-to-1 by the very same stack of Bitcoin sitting untouched in a Coinbase cold wallet. - No Bitcoin is ever handed from BlackRock to Fidelity. - No Bitcoin is handed from Fidelity to BlackRock. - Coinbase Custody doesn’t move a single satoshi between segregated client wallets — why would they? Net exposure for the entire system hasn’t changed by one atom. - The Bitcoin ledger (the real blockchain) never nothing, zero transactions, zero fees, zero anything. Dead silence. 🔕 Yet the price on every exchange, every Bloomberg terminal, every ETF ticker jumps around like crazy because millions of kids (institutions, retail, algos) are frantically swapping these IOUs on a regulated playground called the stock market. The actual Bitcoin never moved as much as a brick in a bank vault moves when you swap a BlackRock vault receipt for a Fidelity vault receipt. There was no tree in the woods that fell, so of course it didn’t make noise. The only thing that made noise was a bunch of tourists trading colored paper claims while the real Bitcoin sat there, perfectly silent.
Consensus doesn’t care  View quoted note → View quoted note →
Bitcoin can’t go to zero because like 10% the supply is lost in some dude’s old Dell from 2013 and those coins ain’t ever hitting the market again. So the rest of us are basically passing around the only sats that are left, and someone’s always going to need it to escape inflation, that’s worth something; to someone, somewhere. You can’t have $0 Bitcoin when some Chad from Omaha is still stacking $5 a week.