Blockchain Believers

Bitcoin enthusiast and researcher since 2012. Expert in IT, security, networking, cloud, Bitcoin, blockchain, and cryptocurrency.

[Blockchain Believers @BlockchainBlvrs]

@pete_rizzo_ Uh oh... you said "bitcon" business

[Blockchain Believers @BlockchainBlvrs]

Proof of work... you do the work, you get the reward

[vryfokkenou @vryfokkenou]

I bought my first sats in December 2013 and subsequently watched the price drop by about 80%.

I didn't have much money then, I was a self-employed surf coach, living off money earned from one surf lesson to the next.

I bought the sats with physical cash, and had to learn how to run a Bitcoin Core full node to receive my first payment. (The person selling me those sats didn't know any other wallets.)

I will never forget the experience, bumming public wifi, waiting for more than a week for the blockchain to download...

Despite my modest means, I did buy enough to make it a painfull experience watching the price go down, down and down...

That bear market forced me to learn.

And I acquired more Bitcoin by adopting it as a method of payment for @UnravelSurf in 2015.

Obviously, running a business and using Bitcoin as medium of exchange, I couldn't hodl everything, but I could save some of what I earned, and, more importantly, it taught me the true value of what I was holding. Which is NOT accurately reflected by the fiat price. Not even today. Not nearly.

When 2017 rolled around, and again turned into a brutal bear market in 2018, people who knew me and knew I used Bitcoin kept asking: "Are you selling?!?!"

The answer was: "NO!! Bitcoin is the most valuable thing I own, and the most stable thing I know of."

The moral of the story is this:

People who panic sell when the price drops, or sell when it goes up, to make 'profit' measured in fiat, only understand one thing about Bitcoin, and that's the price as its measured in some shitty fiat currency.

That's the least interesting thing about Bitcoin.

And people like me (and probably you too, if you're reading this) will be called lucky when, ten or twenty years from now, the price of Bitcoin cannot be measured in fiat, but only in how many sats you need to buy a new house.

The fact is, and the reason I share this, is to put it out there, on the record, at a time when the price is dropping and some people are again panicking, that in fact, no.

We were not lucky.

We did the work to understand what we own. And that is why we will still own it, one day, when Bitcoin goes to infinity against fiat.

The only luck I had was that I stumbled accross it.

But that's nothing compared to what it takes to hold it through multiple draw downs.

And the fact that so many people still don't get it, shows how early we still are.

I still own Bitcoin, today, and for the rest of my life, not because of luck.

But because I learnt, and am learning, to understand it.

[Blockchain Believers @BlockchainBlvrs]

This Bitcoin action reminds me of 2017 when Bitcoin crashed from over $3,000 to $2,000 and change... we all know what happened after that

[Blockchain Believers @BlockchainBlvrs]

Holy shit... metal rulez...

[C-Reason🇺🇸 @CreasonJana]

I am not a heavy metal music fan … That being shared … I could get behind this song.

Let me know how you feel about it!

FAFO!

[Blockchain Believers @BlockchainBlvrs]

@CaitlinLong_ Awesome, always love your insights, thanks!

[Blockchain Believers @BlockchainBlvrs]

@rogerkver @realDonaldTrump Some things never change...

[Blockchain Believers @BlockchainBlvrs]

@BitmundFreud He also freed him on the 21st... there's that #21 again...

[Blockchain Believers @BlockchainBlvrs]

@PeterLBrandt 30k-50k depending on the risk/reward ratio

[Blockchain Believers @BlockchainBlvrs]

@TylerDurden The first step to recovery... well done... lol

[Blockchain Believers @BlockchainBlvrs]

@HHorsley I assume you mean 2025... had to believe we're there already

[Blockchain Believers @BlockchainBlvrs]

@Bitcoin_Teddy I understand Bitcoin, markets, moores law, metcalfs law, and power laws. 1M in 2025 is out of the question without some Weimar Germany type shit... and I don't see that happening

[Blockchain Believers @BlockchainBlvrs]

@Angel_H_70 @Rothmus This 👆

[Blockchain Believers @BlockchainBlvrs]

@IanCarrollShow It didn't blow up... according to Elon, it was an unscheduled rapid disassembly... heheheh

[Blockchain Believers @BlockchainBlvrs]

Live to Stack - Stack to Live

[Blockchain Believers @BlockchainBlvrs]

@nic_carter I think it actually did that once... heheheh

[Blockchain Believers @BlockchainBlvrs]

@SullyMichaelvan Generally speaking, max profit capped and max loss unlimited is not where you want to be. In fact, you want the opposite ...

[Blockchain Believers @BlockchainBlvrs]

Respect...

[halfin @halfin]

Hi to all Bitcoiners, it’s Fran here posting from Hal’s account. 💛
The #RunningBitcoinChallenge is in full swing! Join us in running or walking 21km in 21 days to support ALS research and honor Hal’s legacy. 🏃‍♂️
🌐 Sign up here: https://t.co/sp2ObTEPF1
That’s not all…
🎨 The incredible Running Bitcoin Challenge art auction is ending VERY soon! 🎨
Rare, Bitcoin-inspired art pieces created by talented Bitcoin artists are up for grabs, with proceeds going to the Hal Finney ALS Research Fund.
📢 Get your hands on these one-of-a-kind pieces before it's too late: https://t.co/w96IlriUu1
A HUGE thank you to the amazing artists who made this possible:
@Coinkite @Marsmensch @HeroOfBitcoin @hitomi_matsui @KanutoTakumi @fiatfire @seaismedicine @m__btc @yonatvaks @asanoha_gold @ModeotecArt @zetra_art @MLOdotArt @flomontoya_ @MarcusConnorNH @crayonsmell @Jethroe111
Your creativity fuels this mission—thank you for supporting ALS research through your work! 🙌
We’re also incredibly grateful to our sponsors who’ve generously donated to the Running Bitcoin Challenge:
@satsconf_ @bitrefill and @Strike
Your contributions are making a real impact, helping fund research and keep Hal’s vision alive.

Bitcoiners, this is your chance to run, collect unique art, and support a meaningful cause. Go join the cause at 🌐 https://t.co/sp2ObTEPF1

[Blockchain Believers @BlockchainBlvrs]

@chetan_kaul

[Blockchain Believers @BlockchainBlvrs]

@RussellOkung

[Blockchain Believers @BlockchainBlvrs]

@TylerDurden