๐—Ÿ๐—ผ๐—ผ๐—ธ๐—ถ๐—ป๐—ด ๐—™๐—ผ๐—ฟ๐˜„๐—ฎ๐—ฟ๐—ฑ ๐˜๐—ผ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ As a follow-up to my thread covering major #Bitcoin events in 2023, here's an overview of some of what we can expect in 2024.๐Ÿ‘‡ image In ๐—๐—ฎ๐—ป๐˜‚๐—ฎ๐—ฟ๐˜†, (and in only a few more days!), Bitcoin will turn 15 years old. We can also expect the first Bitcoin ETFs to be approved by the SEC in the first week or two. In ๐—™๐—ฒ๐—ฏ๐—ฟ๐˜‚๐—ฎ๐—ฟ๐˜†, schools in El Salvador will start their next term, and will include education on Bitcoin. In ๐—”๐—ฝ๐—ฟ๐—ถ๐—น, the BitBlockBoom conference will take place in Dallas, TX. And likely late in the month, the amount of new bitcoin being mined with each block will be halved from 6.25 to 3.125. This will push Bitcoin's Stock-to-Flow ratio from ~59 to ~120, the highest of any money in history. In ๐—๐˜‚๐—น๐˜†, the Bitcoin Conference will take place in Nashville, TN. In ๐—”๐˜‚๐—ด๐˜‚๐˜€๐˜, the Baltic HoneyBadger conference will take place in Riga, Latvia. In ๐—ข๐—ฐ๐˜๐—ผ๐—ฏ๐—ฒ๐—ฟ, the Bitcoin Whitepaper will turn 16 years old, adding another year to Bitcoin's history of soundness and reliability. In ๐——๐—ฒ๐—ฐ๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ, the new FASB accounting rules will go into effect, allowing businesses that hold bitcoin to report their bitcoin ๐˜จ๐˜ข๐˜ช๐˜ฏ๐˜ด, and not just their losses. image Know anything else that will happen in the Bitcoin space in 2024? Let me know in the ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ Give this a ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and a ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„, and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– it to refer back to throughout the year! Happy new year!๐ŸŽ‰
๐—ง๐—ต๐—ฒ ๐—Ÿ๐—ฎ๐˜€๐˜ ๐—™๐—จ๐—— ๐—™๐—ฟ๐—ถ๐—ฑ๐—ฎ๐˜† ๐—ผ๐—ณ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ! Itโ€™s Friday again, so itโ€™s time for me to respond to some common FUD, and let it die, just like the year 2023. This weekโ€™s FUD: โ€œ๐˜ฝ๐™ž๐™ฉ๐™˜๐™ค๐™ž๐™ฃ ๐™ž๐™จ ๐™ฉ๐™ค๐™ค ๐™˜๐™ค๐™ข๐™ฅ๐™ก๐™ž๐™˜๐™–๐™ฉ๐™š๐™™ ๐™›๐™ค๐™ง ๐™ฉ๐™๐™š ๐™–๐™ซ๐™š๐™ง๐™–๐™œ๐™š ๐™ช๐™จ๐™š๐™ง.โ€ A lot of people feel intimidated by new technology, and no one alive today has seen a new money arrive on the scene, so understanding #Bitcoin can sometimes seem daunting. Thereโ€™s nothing to worry about, though. Hereโ€™s why๐Ÿ‘‡ image The notion that Bitcoin is too complex for the average user is a myth perpetuated by a general misunderstanding and fear of the new. Bitcoin is an innovative solution ๐˜ฅ๐˜ฆ๐˜ด๐˜ช๐˜จ๐˜ฏ๐˜ฆ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ฃ๐˜ฆ ๐˜ข๐˜ค๐˜ค๐˜ฆ๐˜ด๐˜ด๐˜ช๐˜ฃ๐˜ญ๐˜ฆ ๐˜ง๐˜ฐ๐˜ณ ๐˜ฑ๐˜ณ๐˜ฆ๐˜ต๐˜ต๐˜บ ๐˜ฎ๐˜ถ๐˜ค๐˜ฉ ๐˜ข๐˜ฏ๐˜บ๐˜ฐ๐˜ฏ๐˜ฆ, and tools for using it are continuously evolving to make it easier to use. Critics sometimes liken Bitcoin's creation to going through the process of inventing the whole universe, just for the ability to bake an apple pie. While its foundational concepts are intricate, and designed to address deep systemic flaws, ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ปโ€™๐˜€ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜…๐—ถ๐˜๐˜† ๐—ถ๐˜€ ๐—ผ๐—ณ๐˜๐—ฒ๐—ป ๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐˜๐—ฎ๐˜๐—ฒ๐—ฑ. Once demystified, Bitcoin's true nature as a practical and essential innovation becomes clear. ๐—จ๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€๐˜๐—ฎ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฑ๐—ผ๐—ฒ๐˜€๐—ป'๐˜ ๐—ป๐—ฒ๐—ฐ๐—ฒ๐˜€๐˜€๐—ถ๐˜๐—ฎ๐˜๐—ฒ ๐—ฑ๐—ฒ๐—ฒ๐—ฝ ๐˜๐—ฒ๐—ฐ๐—ต๐—ป๐—ถ๐—ฐ๐—ฎ๐—น ๐—ธ๐—ป๐—ผ๐˜„๐—น๐—ฒ๐—ฑ๐—ด๐—ฒ. It's akin to driving a car without knowing the intricacies of its engine. As an average user, you donโ€™t need to learn every part of how it works, you only need to know ๐˜ต๐˜ฉ๐˜ข๐˜ต it works, and how you can use it effectively. Individual sovereignty โ€” and therefore also personal responsibility โ€” is Bitcoinโ€™s core principle. This might seem like a new and even uncomfortable concept to some, but it means that ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—ฎ ๐—ฝ๐—ผ๐˜„๐—ฒ๐—ฟ๐—ณ๐˜‚๐—น ๐˜๐—ผ๐—ผ๐—น ๐—ณ๐—ผ๐—ฟ ๐—ฝ๐—ฒ๐—ฟ๐˜€๐—ผ๐—ป๐—ฎ๐—น ๐—น๐—ถ๐—ฏ๐—ฒ๐—ฟ๐˜๐˜† ๐—ฎ๐—ป๐—ฑ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ถ๐—ป๐—ฑ๐—ฒ๐—ฝ๐—ฒ๐—ป๐—ฑ๐—ฒ๐—ป๐—ฐ๐—ฒ. Bitcoin's design makes it resistant to censorship and inherently robust. For those intimidated by Bitcoin's perceived complexity, ๐˜ฉ๐˜ฆ๐˜ญ๐˜ฑ ๐˜ช๐˜ด ๐˜ข๐˜ญ๐˜ธ๐˜ข๐˜บ๐˜ด ๐˜ข๐˜ท๐˜ข๐˜ช๐˜ญ๐˜ข๐˜ฃ๐˜ญ๐˜ฆ. Bitcoiners tend to love talking about Bitcoin, and most of them will be willing and able to answer your questions. And ๐—œ ๐˜„๐—ฎ๐˜€ ๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜๐—ฒ๐—ฑ ๐—ณ๐—ฟ๐—ผ๐—บ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ผ๐—น๐—น๐—ฒ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—ธ๐—ป๐—ผ๐˜„๐—น๐—ฒ๐—ฑ๐—ด๐—ฒ ๐—ผ๐—ณ ๐—ฎ๐—น๐—น ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป๐—ฒ๐—ฟ๐˜€, so I can simplify Bitcoin's concepts, and guide you through understanding its principles and functionality. To all new or potential Bitcoiners, don't be swayed by this or any other fear, uncertainty, or doubt about Bitcoin. ๐˜Œ๐˜ฎ๐˜ฃ๐˜ณ๐˜ข๐˜ค๐˜ฆ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ซ๐˜ฐ๐˜ถ๐˜ณ๐˜ฏ๐˜ฆ๐˜บ ๐˜ฐ๐˜ง ๐˜ญ๐˜ฆ๐˜ข๐˜ณ๐˜ฏ๐˜ช๐˜ฏ๐˜จ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ง๐˜ข๐˜ญ๐˜ญ๐˜ช๐˜ฏ๐˜จ ๐˜ฅ๐˜ฐ๐˜ธ๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ณ๐˜ข๐˜ฃ๐˜ฃ๐˜ช๐˜ต ๐˜ฉ๐˜ฐ๐˜ญ๐˜ฆ. With each step, what may seem complicated now will become clear, and empower you with confidence, self-sovereignty, and generational wealth. image How was that answer? Give this a ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and a ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ so more newcoiners can rest assured that Bitcoin is not too complicated for them. And ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– this for whenever you see this FUD again! Think you can write a better response? Share it in the ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ ๐Ÿฑ๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐˜€๐—ฎ๐˜๐˜€ ๐˜„๐—ถ๐—น๐—น ๐—ด๐—ผ ๐˜๐—ผ ๐˜„๐—ต๐—ผ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ ๐˜„๐—ฟ๐—ถ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ฒ ๐—ฏ๐—ฒ๐˜€๐˜ ๐—ฟ๐—ฒ๐˜€๐—ฝ๐—ผ๐—ป๐˜€๐—ฒ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ป๐—ฒ๐˜…๐˜ ๐Ÿฎ๐Ÿฐ ๐—ต๐—ผ๐˜‚๐—ฟ๐˜€!
๐—š๐—ถ๐˜ƒ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—š๐—ถ๐—ณ๐˜ ๐—ผ๐—ณ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ง๐—ต๐—ถ๐˜€ ๐—ฌ๐—ฒ๐—ฎ๐—ฟ? Here are a few suggestions to ensure the best experience. image First, itโ€™s recommended that you use services like @lightsats or @River, which provide a user-friendly way to gift #bitcoin to someone, along with step-by-step instructions on how the bitcoin can be claimed. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ฆ๐˜ญ๐˜ช๐˜ฎ๐˜ช๐˜ฏ๐˜ข๐˜ต๐˜ฆ๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฏ๐˜ฆ๐˜ฆ๐˜ฅ ๐˜ง๐˜ฐ๐˜ณ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ณ๐˜ฆ๐˜ค๐˜ช๐˜ฑ๐˜ช๐˜ฆ๐˜ฏ๐˜ต ๐˜ต๐˜ฐ ๐˜ฉ๐˜ข๐˜ท๐˜ฆ ๐˜ต๐˜ฆ๐˜ค๐˜ฉ๐˜ฏ๐˜ช๐˜ค๐˜ข๐˜ญ ๐˜ฆ๐˜น๐˜ฑ๐˜ฆ๐˜ณ๐˜ต๐˜ช๐˜ด๐˜ฆ, so they can receive and store their bitcoin safely and easily. Additionally, itโ€™s important to provide them with advice on how they should custody their bitcoin. This includes explaining ๐˜๐—ต๐—ฒ ๐—ถ๐—บ๐—ฝ๐—ผ๐—ฟ๐˜๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ผ๐—ณ ๐˜€๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ฝ๐—ฟ๐—ถ๐˜ƒ๐—ฎ๐˜๐—ฒ ๐—ธ๐—ฒ๐˜†๐˜€, and the potential risks associated with ๐˜€๐˜๐—ผ๐—ฟ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ฏ๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐—ป ๐—ฎ โ€œ๐—ต๐—ผ๐˜ ๐˜„๐—ฎ๐—น๐—น๐—ฒ๐˜โ€, or an app thatโ€™s connected to the internet. Encouraging the use of hardware signing devices can help protect their bitcoin from potential theft or loss. And lastly, the recipient should be informed that for the time being, ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ผ๐—ณ ๐—ฎ ๐˜€๐˜๐—ผ๐—ฟ๐—ฒ ๐—ผ๐—ณ ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฒ ๐˜๐—ต๐—ฎ๐—ป ๐—ฎ ๐—บ๐—ฒ๐—ฑ๐—ถ๐˜‚๐—บ ๐—ผ๐—ณ ๐—ฒ๐˜…๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ, so their bitcoin gift should be kept somewhere safe for several years while Bitcoin matures in price and acceptance. Theyโ€™ll need to understand that despite Bitcoinโ€™s volatility, ๐˜ฏ๐˜ฐ ๐˜ฃ๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ธ๐˜ข๐˜ด ๐˜ฉ๐˜ฆ๐˜ญ๐˜ฅ ๐˜ง๐˜ฐ๐˜ณ ๐˜ข๐˜ฏ๐˜บ 4 ๐˜บ๐˜ฆ๐˜ข๐˜ณ ๐˜ฑ๐˜ฆ๐˜ณ๐˜ช๐˜ฐ๐˜ฅ ๐˜ฐ๐˜ณ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ฉ๐˜ข๐˜ด ๐˜ญ๐˜ฐ๐˜ด๐˜ต ๐˜ฑ๐˜ถ๐˜ณ๐˜ค๐˜ฉ๐˜ข๐˜ด๐˜ช๐˜ฏ๐˜จ ๐˜ฑ๐˜ฐ๐˜ธ๐˜ฆ๐˜ณ, so they should treat this as a gift that will help them in the long-term. By providing guidance on these matters, your friend or family member can make informed decisions about how to handle their bitcoin gift and ensure its safekeeping. If they follow your instructions, ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ฃ๐˜ฆ๐˜ฏ๐˜ฆ๐˜ง๐˜ช๐˜ต ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ช๐˜ต ๐˜จ๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ญ๐˜บ, not only financially, but also simply by owning some money thatโ€™s outside the control of the central banking system. And even if you arenโ€™t planning on gifting bitcoin to anyone this year, whether because you donโ€™t want to or because you donโ€™t celebrate Christmas, the suggestions above will still be helpful if you choose to give someone bitcoin at a different time. Regardless, I would like to wish you a good weekend, a merry Christmas, and a happy new year! image Make sure you ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– this, in case you want to gift a friend some sats later. And give this a ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and a ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„, so those who want to gift bitcoin to others will know how to do it. Know any other ways to give bitcoin as a gift? Let me know in the ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ