image Morning ! #btc #bitcoin #siamstr #nostr
image Trump’s campaign has raised $7.85 million in crypto donations between July 1 and Sept. 30, the filing shows. Data from Arkham Intelligence, which tracks Trump’s crypto donations, revealed that the portfolio’s assets do not include Bitcoin, despite the former President wanting to use it to pay off the national debt. #siamstr #btc #bitcoin #nostr
image The quote expresses Satoshi Nakamoto’s belief that Bitcoin is important and revolutionary. If someone doesn’t understand or believe in it, there’s no time to try to convince them. It reflects a focus on reaching those who are open to the idea, without wasting time on those who aren’t ready to grasp it. #siamstr #btc #bitcoin #nostr
image The “Financial Structure Pyramid” diagram illustrates a shift from the current centralized financial system, where US Treasuries and traditional banks play key roles, to a decentralized model where Bitcoin, CBDCs, and stablecoins are central. In the future structure, Bitcoin sits at the top as a non-sovereign reserve asset, with CBDCs and private-sector-issued digital assets (like Bitcoin deposits and stablecoins) taking the place of traditional bank deposits. Banks play a reduced role, while the private sector and central banks become more involved in digital currency management. This model suggests greater decentralization, digital asset adoption, and potential changes to traditional banking roles. #nostr #btc #bitcoin #siamstr
Schrödinger’s Coin Model
Swan Bitcoin
Schrödinger’s Coin Model
Valuing Bitcoin as a Store of Value
image Senator Cynthia Lummis proposed a U.S. Strategic Bitcoin Reserve as part of a draft bill, the “Bitcoin Act of 2024.” The plan includes acquiring up to 1 million BTC over five years, with funding partly sourced by revaluing Federal Reserve gold certificates to reflect their true market value. This strategy aims to integrate Bitcoin as a strategic asset, hedging against inflation and reducing federal debt over time. The proposal emphasizes long-term Bitcoin storage with limits on asset liquidation to maintain financial stability. #siamstr #btc #bitcoin #nostr
image #siamstr #btc #bitcoin #nostr
image Friedrich Hayek, in The Denationalization of Money (1976), advocated for the removal of government control over money issuance, which he believed led to inflation and economic instability. He envisioned a system where private entities could issue competing currencies, with market forces determining the most trusted and stable options. Hayek’s views align closely with decentralized money like Bitcoin. He supported the idea that money should not be monopolized by governments and trusted market competition to regulate quality. Bitcoin embodies these principles through its finite supply, transparency, and resistance to manipulation, offering individuals financial sovereignty and choice outside traditional systems. #austrian #siamstr #btc #bitcoin #nostr
image Bitcoin differs from other coins that copy its code mainly in two areas: 1. Proof of Work (PoW): Bitcoin uses a PoW consensus mechanism, which is energy-intensive but offers strong security. Other coins may use alternative mechanisms like Proof of Stake (PoS), which can be more energy-efficient but less secure. 2. Network Effect: Bitcoin benefits from the largest user base, market cap, and liquidity, making it more valuable and secure. Other coins, even if they share similar technical features, struggle to achieve the same level of adoption and support. #siamstr #btc #bitcoin #nostr
image Psychohistory in Isaac Asimov’s Foundation series is a science that predicts the behavior of large populations, but not individuals. The key idea is that while individual actions are random and shaped by numerous unpredictable factors, the behavior of large groups follows statistical patterns, making it predictable. This is why psychohistory is only effective on a mass scale—individual decisions are too chaotic and influenced by personal free will to be forecast with accuracy. The secrecy of the Seldon Plan is also crucial. If individuals knew the specifics of the plan, they could act to subvert it, altering its course and undermining the predictive nature of psychohistory. Therefore, key parts of the plan must remain hidden to prevent human intervention, ensuring the future unfolds as predicted. This secrecy is enforced by the Second Foundation, a group responsible for guiding the plan’s progression without revealing it to others . #seldon #btc #bitcoin #siamstr #nostr #psychohistory