CactusHodl

bitcoin

Reddit is doomed

nullcount

Reddit has decayed each year. The mods have ruined many aspects but overall the algorithm has been changed and subs banned for a decade now. It's not anything it used to be. 

Also, as bitcoiners you have to find content you appreciate to actually like and want to give away sats. This place is much more useful in terms of content you can find and quality. Reddit has been pretty much copy pasta for a while now.

How do you like to use Stacker News?

felix

It's my go to place now. The traffic and content is picking up. 

What does it mean to be free
Uncensored communication to those who disagree
Learn from the plebs who foresaw it all
Save yourself before a CBDC firewall

Run a node, it'll be fun
Validate history and what has been done
Cheat a block and you shall be shun
Equal system that cannot be forerun
​
Money used to be complicated
Easily created and manipulated
A money badge and certification
Bitcoin solved the infinite duplication

Now a world without petty spats
A world connected and using sats
Solving the problem of the General Byzantine
Decentralized network running on a machine

A free market divided by 21 million
While nations keep printing by the trillion
Bitcoin is code and code is law
Satoshi Nakamoto created what other only foresaw



"Free From Moneypulation"

Binance just dumped 30-40 MB worth of UTXO consolidation transactions in the Mempool

k00b

I learned the hard way to never buy bitcoin on Bianace.

The first time I moved it to cold storage it was like a 50k sats fee, I said never again and have never touched it since. They don't need to dump it or bump the fees when they already charge well above and beyond what the fees are. 

Please for the love of god stay far away from them.

The winds were strong and a tsunami was brewing​
Grappling hook ready for the next in queuing
The pillaging pirates approached the shore
After searching for treasure on the ocean floor

The treasure was locked away in cold storage
24 words outlasted the captains' porridge
The pirates grew hungry and had to flee
Ravaging away but never finding the key

As time passed they had to change
Their force weakened and grew estrange
Lessons were learned from the past
Stealing from others was not so fast

The more work the pirates had use
The tighter got their own noose
With each new law they tried to introduce
Another freed citizen was set loose

No more were the days of walking the plank
Muskets, blunderbus, and cannon all ran blank
Plebs were not a constantly robbed bank
The ship heavily damaged and finally sank

The plebs came together to have a drink
As they knew freedom was on the brink
But after pirates comes a tank
So never keep your keys at a bank




Plebs vs Pirates

i write poems about bitcoin

maybe i publish a book one day but first i should learn how to write properly 

@CactusHodl's bio

It's probably a common story in you group of friends. That friend who said the "government" can stop it or that it seemed like some kind of scam. The first time I came across bitcoin was roughly 2014 when I played a lot of Runescape. I know what a waste of my life but it was a social thing to get on and just play with my cousin or some of my close friends more than it was a game to me. We would get on and just chat and do meaningless things. At that time some people were trading in-game items and I came across some people offering it but in my eyes it was too difficult to trade for "real money" and I didn't participate.

In that same time one of my close friends was telling me about. We sat around drinking beers and he was a passionate bitcoiner at that time (still is) and really wanted to bring me in. He expended a lot of time and energy but I refuted his many great points at the time with simple things that I was oh so very wrong and inaccurate about. He would spend his coins on laptops, microwaves, ect and showed me how it could be used. I pretty much ignored it. I saw the volatility and just didn't understand it's purpose at the time. I was arrogant and ignorant to learn. 

Around 2017 I became a little more interested in it but there were so many tokens and I just didn't understand why things would move towards bitcoin when anyone could just create a token. So, in 2019 I started buying tokens. Not bitcoin however! I bought small amounts as I felt I was too late to bitcoin and well I'll never be able to get a full coin or let alone more.

After some volatility in the alt market I had started to read a lot. I mean I would read each white paper and I stared getting a better understanding of what I was participating in. I couldn't believe that I was buying so much meaningless stuff. It's as if a lightbulb clicked in my head as to proof of work vs proof of stake or any other mechanism that was being advertised. I fell deep into the rabbit hole and started reading every book I could get my hands on. From the Bitcoin Standard to the Internet of Money to Everything Divided by 21 Million.

I loved the different perspectives and the one thing I loved the most was that not one single person who I disagreed with had authority to change the mechanisms. I've spent the past couple years sharing as much information with all of my friends but they like me have the same view point as I had many years before. Some went into alts and got destroyed this past year or two and others went into NFTs and so on. Most refused to buy bitcoin and now are slowly starting to see things click. I wouldn't say any have turned the page just yet but they are asking some of the good questions.

I deserved to buy Bitcoin at the price it was. I have shared it with friends as tips or instead of venmo or something else I will always give them small amounts. I love spending with people I care about because to me it's something of value that I don't want to spend unless I really find the need for it.

I just don't want people I know to get trapped into alt coin market. It's uses and marketing are some of the most potent lies. Sometimes you have to learn the hard way such as I did myself and other times people who have open minds will learn far easier than I did. I'm just thankful that there are so many educators out there that have spent time to provide the information to get the message out.


How I turned from "nocoiner" to a "bitcoiner" and bought bitcoin at the price I deserved.

I work in construction and own my own business. We are family owned and over the past nearly 20 years my father has built it himself. It's labor intensive and as he's grown at times he's been forced to accept credit card payments and ACH payments.

Sometimes he has swallowed the pill and lost 3% or more of credit card fees. These are massive losses for transacting and I know some places in the world have far larger fees. A lot of the clients we work for aren't up to speed on what Bitcoin is outside of what they have heard on the news or some are just closed off.

There have been a few instances where people have owned bitcoin but are not willing to part ways with it. I've offered 3% incentives as discounts and up to 5% but have not closed any bitcoin deals. I understand this isn't like exchanging a piece of bubble gum for $1 as these invoices can be a lot larger in work.

Do any of you operate businesses who have come across ideas to incentivize the use of bitcoin? I don't mind losing a small percentage of my labor for bitcoin as I don't see owning something like that as a 3% loss or even if it was slightly more. I value each and every sat that I gain. I would love to hear if any of you have suggestions or how you have worked for bitcoin.

