Genuinely interested in knowing the answer to this: How many others get excited, as I do, when Bitcoin's price "crashes" because it's cheaper to accumulate more of it? My impression is that anyone who truly understands #Bitcoin will understand that, over the long term, fiat currencies will continue to decay in value relative to it. This is a long game...
On its yearly chart, Bitcoin is poised to achieve its highest closing value ever against the U.S. dollar liquidity index. image
I've only been posting on #Nostr for just over a week and it's already feeling like home. The feed on #Nostr is filled with quite a lot of positive content, which is the opposite of my feeds on other social media. It's refreshing to have a social media platform where there isn't some opaque, centrally-controlled algorithm that feeds you highly controversial and emotional content to keep you addicted. Going to brainstorm ways that I can meaningfully contribute to the community here.
When I posted on Twitter that I would be winding down my use of the platform to focus on developing content on #Nostr my tweet was met with the most hostility I've ever seen from my followers. Very rarely have I ever been faced with denouncement from the people who I thought supported me the most. I am perplexed by how quick some people are to defend a centrally controlled platform. Perhaps my post was perceived as an affront to Elon Musk, which isn't the case. It was merely based on my realization that centralization of social media is the problem. No human is immune from bias, and thus content moderation, when placed in the hands of any individual, is always susceptible to bias and corruptibility. Power tends to corrupt and absolute power corrupts absolutely. Since centralized social media are controlled by centralized governments, content moderation indirectly falls into the hands of politically motivated governments. The original goal of my tweet was not to criticize Twitter -- I have gained so much knowledge and valuable real-world life experiences through Twitter and the people I met on there. Rather it was to enlighten my followers about the next step in the evolution of social media: Nostr, a decentralized social media protocol that possesses a unique ability to weather the vicissitudes of ever-changing political winds and to persist as a perpetual non-arbiter of truth. To whomever on here who reads this, and who likewise understands the limitless potential of building a decentralization basis for social media -- alongside the decentralized monetary basis that Bitcoin is creating -- cheers to you for being the facilitators of innovation and evolution! We need not worry about the resentment of centralized social media. History will be on our side.
✅ It's official now. After more than 15 years on #Twitter, I'm finally leaving... Thank you @jack for championing this protocol and supporting the devs. At first, I didn't quite understand #Nostr, but now that I do, I realize the watershed change that it will cause in the years ahead. image
The temporary bank term funding program that was meant to rescue failing banks should be winding down by now. Instead, it's surging to new highs. image There is no way forward for the insolvent banking system except to create more currency, which is exactly what's happening. #BTFP = currency creation
Here's yet even more evidence that #Bitcoin is going to become the global risk-free asset, as I described in my June 2023 TradingView article. Bitcoin achieves zero counterparty risk far more efficiently than does physical gold, in large part because of the decentralized nature of its ledger. image By the time most people realize it, not even their entire annual salary can afford one #BTC. To read my full article on TradingView: image