The Bitcoin Mindset Newsletter

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[Michael Saylor @saylor]

Let me recap the Q&A. $MSTR

[Tony | thebitcoinway.com @V4BTC]

🟠If you measure Bitcoin’s success in dollars, you still don’t understand what Bitcoin is. It was created to bury the entire fiat circus, not beg for validation from the dying paper they print out of thin air. Snap out of it or you're NGMI.

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@elonmusk Your money in X Money...
Is not your money,
Is not in X Money,
Is not money.

[Michael Saylor @saylor]

#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.

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20 million bitcoins have now been mined! Just 1 million more to go!

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@saylor #only1millionleft

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@BitchatMe_

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@BTCsessions

[Leo @Leooweb3]

🚨BREAKING: Every Bitcoin seed word has been leaked.

[Michael Saylor @saylor]

Go bitcoin today. The money won't fix itself.

[Root 🥕 @therationalroot]

I was there during the blocksize wars. What really happened is that Roger had a business using Bitcoin and depended on cheap on-chain transactions. He was super passionate and wanted businesses to flourish using bitcoin, but when fees spiked his business suffered. In his view adoption by businesses (and in specific his own) was vital for Bitcoin’s success. He couldn’t believe people would choose a path where his business would have to stop using Bitcoin. He simply wanted to use Bitcoin as digital cash. In his passion he was willing to compromise on decentralization, go for the quick fix, a blocksize increase. What he didn’t understand was that his business (and the handful at the time) in the grand scheme of things didn’t matter, but how could he, he put tons of effort into it. Next to that, Lightning, as a scaling solution, was mostly theory. He teamed up with the ‘corporate bitcoiners’ at the time to push for big blocks.

We (the UASF proponents) didn’t want to compromise on decentralization. We understood that a short-term solution (a blocksize increase) to save a few companies was not worth it. It was better to first try long-term solutions, as Bitcoin needed to be used for centuries, even if that meant (unfortunately) a few companies would have to go out of business.

The analogy I used at the time was internet’s scaling solution. In the early days of the internet there was a similar problem. There was too much traffic, and routers often were bottlenecks. The quick (and expensive) fix, was to replace routers with more capacity (blocksize increase equivalent). But instead, through scientific research, we got smart algorithms (deployed via firmware updates) that allowed existing routers (think of nodes) to have much better efficiency. This was a much cheaper and better solution. Bitcoin SegWit came forth out of scientific research.

Today, Bitcoin can be used as digital cash through Lighting. We got instant transactions, better than Roger’s zero conf transaction method at the time.

[Bryan @Bryan10309]

Re: THE BLOCKSIZE WAR

Based Bitcoin Maxi: I was there. I lived it.

“B” Cash dunce: I read a book about it and you are wrong.

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@RWMaloneMD Love your work @RWMaloneMD but spreading this misinformation doesn't help. Please listen to those that were around at the time or read The BlockSize War.

[Knut Svanholm ∞/21M @knutsvanholm]

Bitcoin is the crazy idea that human beings might be capable of keeping track of who owns what without giving away the exclusive right to perpetually counterfeit money to those warmongering cannibal pedos that can't even provide us with semi-decent roads.

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@CorySwan @Excellion Ready for up or down. No leverage, self-custody only! LFG! 🔥

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@alanbwt

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Bitcoin

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@SenLummis @SecScottBessent

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@willreeves It would be cool if they received it after every hour worked, zapped to them instantly.