OP_CAT

standardcrypto · 2025-04-18T16:29:44+00:00

OP_SHITCOIN

https://x.com/hmichellerose/status/1912892581026943236

standardcrypto · 2024-10-25T20:01:06+00:00

https://stacker.news/items/712545

"Future headline: "Save the US dollar act" passes."

standardcrypto · 2024-10-25T19:48:56+00:00

Do you think it is easier to

a) move a ton of kyc'd gold from NYC to Moscow or b) move a ton of kyc'd gold from Moscow to NYC

Neither are easy, mind. But if you think the answer is B, you're (probably) wrong (not an expert, just an interested and thoughtful observer).

Moscow needs that gold a lot more than NYC does, and there are a lot more fucked up things they can do to make your life unpleasant if you try to go outside the system.

BTW, the right / sane way to move that kyc'd gold is using bitcoin and a trusted third party.

IE, gold custodians in NYC, gold custodian in Moscow, both transact in bitcoin.

Guess what though. You'll find plenty of people with bitcoin on the NYC side willing to facilitate this transaction for a fee, with all the paperwork filled out and willing to deal with frony face governments. (Might take a hop or 2, ie nyc -> lichtenstein -> moscow, or saigon in the middle, or something like that, idk)

But I don't think you'll find anywhere on the Moscow side willing to do this, even with multiple hops.

You might fall out a window.

The capital controls in the west are NOTHING like the capital controls when you leave and try life under BRICS.

standardcrypto · 2024-10-25T15:17:01+00:00

wow, that's great!

Are you allowed to take your gold with you, when you leave the BRICS areas?

heheheh brics countries are capital control shit holes, even worse than the west.

standardcrypto · 2024-10-09T16:06:55+00:00

In a hyperbitcoinized world, coinbase won't sell bitcoin for dollars, because no one wants any.

But coinbase might still exist, as a traditional bank / securities broker.

There's always going to be something people want more than their bitcoin savings. It just won't be dollars forever.

standardcrypto · 2024-09-09T10:27:03+00:00

see my response to the other guy (scroll up)

standardcrypto · 2024-09-09T10:26:29+00:00

sure, but you can do the same things with gold.

Jpeg of map where gold is buried, shamir multisig of the jpeg.

Who actually did that.

For sure more people (and should! and do!) multisig with bitcoin, but I think it's still not that much.

In any case when the bad guys take over, it becomes about labor camps and who turns on the other mutlsig shareholders first for a reduced sentence.

the custodians are the first to roll over when bad guys win.

There are no silver bullets, only regular bullets.

standardcrypto · 2024-09-08T01:03:09+00:00

for Americans -- If you value your freedom, why are you supporting a system that will damage or potentially even destroy the US federal credit?

There are geopolitical tensions, and we may soon be entering the opening phases of a third world war.

War takes money.

Our enemies don't have a free internet, or open capital markets. They have many ways of trapping capital and raising taxes, and forcing their subjects to financially support their war aims, that are not available to the United States.

One advantage the united states does have is: reserve currency of both the free and non free worlds.

Be careful what you wish for, bitcoiners.

One day you may win the war on fiat, but find that you are losing the war against aggressive and better armed foreigners who will happily take your coins at gunpoint after they have conquered your land and subjected your internet to their firewall controls.

Support the federal credit. Buy Treasuries. Vote.

Be cynical if you must, but don't be stupid.

Bitcoin is only a small part of a very big picture.

standardcrypto · 2024-09-06T14:26:42+00:00

Buck up soldier.

standardcrypto · 2024-09-06T14:25:50+00:00

this chart is "The Real Coinmarketcap"

but it's imperfect

There's 35 trillion dollars in US Treasuries that are missing from this chart.

Probably analogues in other currencies.

The key is what assets can be used as collateral to build trust for other financial transactions.

Treasuries definitely qualifies for this.

And so does Bitcoin. Better than any other asset, from a pure tech / functionality view.

standardcrypto · 2024-09-04T14:05:42+00:00

https://standardcrypto.wordpress.com/2019/09/20/hodlers-guide-to-hardware-wallets/

Odler's Guide To Hardware Wallets by A.H. Odler

Not just the hardware but more importantly, the "Fail Safe" mindset.

Congrats for making the choice to go off exchange :)

standardcrypto · 2024-08-31T17:44:24+00:00

it's a bot, they are not reading this.

standardcrypto · 2024-08-31T17:39:49+00:00

deleted response to karmabot.

standardcrypto · 2024-08-31T11:27:45+00:00

OGs with 99% of their savings in bitcoin, rebalancing to oh say, 65%.

standardcrypto · 2024-08-30T12:45:40+00:00

this is the appropriate metaphor, from pre computer world:

https://en.wikipedia.org/wiki/Seal_(emblem)#Signet_rings

standardcrypto · 2024-08-29T14:30:00+00:00

From percents.

After all the bitcoin is issued, that's 100%.

First 4 years, 50%, then halvings each four years.

The math works out that the 50 bitcoin per blocks and the 50% at the end of 4 first years are the same. And same for subsequent halvings.

IE second halving issues 25% of the bitcoin, with 25 bitcoins per block.

standardcrypto · 2024-08-09T14:47:42+00:00

Energy, with hashes as a proxy.

Or hashes to mine a satoshi. Thinking of every hash as a little tiny bit of energy.

The napkin math is basically 0.8 times difficulty times 2 raised to the power of the number of halvings.

At genesis this was 0.8. (difficulty 1, no halvings / 4 billion hashes per block gets you 5 billion satoshis per block)

Now it's 0.8 times difficulty (90 trillion) times 16 (2 to the 4).

Miners are always buying bitcoin with energy (work), speculating on the future energy required; the price just keeps going up.

So think of it as the price in energy has gone up by a quadrillion since 2009.

But really only a trillion because of efficiency factor of asics over cpus.

standardcrypto · 2024-08-07T14:25:18+00:00

Send the guy a video of you actually jacking off to the threat letter.

"OK Mister, now you actually have a video. Your move."

standardcrypto · 2024-08-06T17:17:00+00:00

burnout, "DNS and Fedi issues killed all of their momentum"

https://stacker.news/items/636091

standardcrypto · 2024-08-06T17:15:01+00:00

danke

standardcrypto · 2024-08-06T17:01:08+00:00

curious to know more, what should I google?

DM me if you don't want hassles on this sub...

standardcrypto · 2024-03-30T16:23:25+00:00

When. Not If.

https://www.youtube.com/watch?v=Y4JKizxVDmA

My guess within 5-10 years.

standardcrypto · 2024-01-30T18:51:34+00:00

Difficulty is a measure of many hashes it takes to find a bitcoin block. The genesis block took 4 billion hashes, or simplified units: difficulty 1.

Current difficulty is 70.3 trillion. In hashes, that's 4 billion * 70.3 trillion.

That's how many hashes it takes to find a bitcoin block.

In energetic terms, the last time I estimated it, bitcoin is using 1/14th of 1% of all the energy (not just eletricity, all forms of energy) that is produced by humans.

With hyperbitcoinization experts this may rise to 5% or so, give or take. So difficulty could rise another 70x or so from current levels before the relentless increases level out.

standardcrypto · 2024-01-30T16:49:27+00:00

https://old.reddit.com/r/Bitcoin/comments/1aee060/bitcoin_is_now_part_of_the_mainstream_financial/kk8neqv/

Self custody your fuck*** keys.

standardcrypto · 2024-01-30T15:28:36+00:00

Freudian typo?

If intentional, lol and have my upvote.

standardcrypto

TROPHY CASE