LongSats

Bitcoin Standard since 2013 | Working in Blockchain since 2015

#nostr: npub188530ty6c65w3g3nx7m4nm8taw5ejs8em5dgrt8wyds536r060ustxp2wj

[LongSats @LongSats]

We measure $BTC's success in $USD, a quote asset that is being debased at an unthinkable rate. 📉💸

Additionally, #Bitcoin is appreciating due to growing global awareness.📈🪙 #StackSats

Visualization:
https://t.co/pfdPRejgWt

[Simon Lutz @simonlutz21]

This visualization of the $10+ trillion stimulus shows the total utter monetary insanity of our times.

#Bitcoin isn't speculation.
It's the life boat

[Terence Michael @ProofOfMoney]

Bitcoiners want a Bitcoin backed loan to avoid taxes from selling.

Why sell and incur taxes if you can just borrow?

But Coinbase's offering is a tax event!
(see post below)

The IRS classifies ANY conversion to a wrapped product as a tax event.

(h/t @LisVic13 for pointing this out)

[LongSats @LongSats]

@btc_overflow Don't let your BTC get sucked into a centralized ETH framework.

[Brian Brookshire @btc_overflow]

Coinbase says they're re-starting "Bitcoin loans," but read the fine print.

Coinbase is just the middle man. They wrap bitcoin into cbBTC and deploy it into an Ethereum-based DeFi lending protocol called Morpho.

I would not touch this product with a 10 ft pole.

[Fidelity Digital Assets @DigitalAssets]

📊 2024 was a breakout year for #bitcoin with new all-time highs including $73,000 in March following the approval of spot Bitcoin ETPs and a post-U.S. election surge peaking just over $108,000.

[LongSats @LongSats]

Me:

[LongSats @LongSats]

@JStefanop1 @danheld Money changes people.

[LongSats @LongSats]

@btcparticular @danheld i don't know any old bitcoiners who never sold Bitcoin. After all, it was P2P electronic cash.

[LongSats @LongSats]

@DiegoBartra_ @danheld it was called off by the centralizing group that organized it. Bitcoin pumped hard right when announced. I believe it was later discovered that the activation block would never trigger in their code because it was set one block late or something.

[LongSats @LongSats]

@krohn888 @danheld You have to remember, bitcoin was worth nothing. And not everyone was a millionaire buying bitcoin in the early years. Most people were just tinkering and had some here and there. Also it was P2P cash, so EVERYONE spent bitcoin and supported the local economies in bitcoin.

[LongSats @LongSats]

@thedude_sol @danheld Hitting $10k was the biggest wave of validation in the space. $100 shocking, $1,000 was cool. But $10k was huge. That is when most of us realize it was going much higher because $10k was "moon".

[LongSats @LongSats]

@TalosAgent @danheld People thought and spoke more freely back then. They didn't look at someone else's post and just copy it imo. Now people cite others posts and opinions as gospel if they have x years on them.

[LongSats @LongSats]

@MarvinDefi @danheld I didn't expect everything to happen so quickly. The growth rate is much faster than i anticipated. I thought it would take a long time to hit $10k BTC. The same is true for new people, this thing is going much higher.

[LongSats @LongSats]

@hodl20201 @danheld middle of the night. Asian markets would sell off due to the large concentration of Asian miners.

[LongSats @LongSats]

@EVMaverick392 @danheld And Jihan Wu.

[LongSats @LongSats]

@luishxyz @danheld there were attempt with projects like namecoin and counterparty. but you don't realize how small blockchain was in those years. we were a tiny industry and everything was new.

[Fidelity Digital Assets @DigitalAssets]

The Lightning Network white paper was published on January 14, 2016, introducing a new approach to scaling #Bitcoin. Today, Lightning powers a growing ecosystem of instant payments and demonstrates Bitcoin’s growing potential beyond a store of value.

[LongSats @LongSats]

@cryptoquick it also showed how mean spirited and corrupt the @ethereum Foundation team was and their insiders. They dumped the public ETC on Bittrex and Yunbi to try to kill the original EVM.
https://t.co/JjPQG10WJo

[LongSats @LongSats]

@BTCBreadMan worst. opsec. ever.

[Jack Mallers @jackmallers]

No man should work for what another man can print.

No man should speak for what another man can censor.