Bitcoin Not Crypto And Why It's Important To Make That Distinction

 On May 1st 2022 I wrote Not Your Keys Not Your Coin - It's Your Bitcoin so Truly Own It just before the collapse of crypto companies like: Celsius Network, Blockfi, Three Arrows Capital and later FTX where people lost all their bitcoins, I didn't know how bad they were rehypothecating their customers bitcoins, but I simply needed to look at the pass and understand the nature of these crypto scammers, leading me to today writing about "Bitcoin and Not Crypto". 

  Unfortunately, most people who comes to Bitcoin these days often think that Bitcoin is part of the "Crypto universe" that is baseless and constitute of an infinite number of scams without exception. But no, Bitcoin is living in its own economy based on real world energy and value for value payments and savings. It's important to make that distinction between Bitcoin and crypto, the 21Million hard cap decentralized timechain, that doesn't require you to trust any group of technocratic developers, validators, not even the miners that are doing the proof of work. Once you run your own Bitcoin node you couldn't care less about what somebody say or what a group of people say. Bitcoin is a bear asset(a property you can own, hold or move yourself). Which is the opposite of what all the cypto projects out there are, let me explain.

 Bitcoin put an end to the fiat money printing, crypto reintroduced the money printer by creating their own coins(money) out of nothing to scam the owners of those coins by dumping them on the market. What makes Bitcoin deferent is the fact that it requires real world energy, time and proof of work to be released out of circulation and nobody is in control of it nor in a priority advantage than others, but based on ground level competition for anybody with enough energy or computation power. This leads me to also say that Bitcoin is the real signal and everything else are noises., this chart says it all.

  But still, some people including myself at some point thought that I could outperform Bitcoin with a collection of these *shitcoins but no I took a huge lost and wish that I only staked to Bitcoin only instead of letting myself be scammed by those grifters, and I learned my lesson ever since. 

Conclusion, Here you have it, it is up to everybody to do their due diligence on finding out the real truth on these things including Bitcoin. Bitcoin is trustless no trust is required, run your own node just like it is important to hold your own private keys in multiple locations if you can. Crypto are scams that require a team of technocrats to infinitely upgrade and tweak their softwared to change their monetary policy to steal from the holders.

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Mornings! Good Bitcoin Morning

  Good morning everyone! I usually talk about Bitcoin(the money) on this blog[piecover.com] but today is an unusual day where my work called me and ask me to stay home due to bad weather and job cancellations so I decided to bring a deferent vibe today. So I decided to talk about "mornings' today. Some mornings are beautiful on an observers perspectives like me because they are a reset on the brain and the beginning of a brand-new day, that's why we often say Good morning to everyone we interact with in the morning, this is an automatic way to salute but also serves as a positive vibe spreader. In Haiti there is a saying "Pi bonè se granm maten" translated to "The earliest you have to do something is in the morning", I often think about this when I want to get something done specially in todays fiat world we live in where everything is moving so fast to insure the rich get richer and the poor get poorer, I talked more about this in A world full of crazy rats working for fiat overlords, I am surprised I am still writing this and it's not already time to go to bed and get ready for work tomorrow. But thanks to Bitcoin I can now take my time to appreciate and degustate the beauty of the mornings, because Bitcoin allows me to lower my time preference in level that's low enough so I can see beyond the darkness of this world of wars, viruses, propagandas funded by fiat money printing. Speaking of darkness(Night) the thing that precedes Mornings, it's important to appreciate that too because even if we want to characterize it as the hard/bad times but there is lessons to be learned there for example there is another Haitian saying "Lè li fè pi nwa se lè sa li pral kòmanse fè jou" meaning "When it's the darkest that's when the morning will starts appearing". Now I would like to illustrate the current fiat world of deep darkness to the beautiful Bitcoin morning arising, it feels like midnight now, we are still far away from the Bitcoin morning lights but it keeps shining in places where it is(El Salvador) with full of energy, brightness, warmth, joy, excitements, etc. You are welcome to come to Bitcoin now where it shines the most by simply converting some of your time, savings and energy to it, bring your family and your friends with you and have a

Good Bitcoin Morning!

Pie

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HOW TO UNSTUCK YOUR UNCONFIRMED BITCOIN TRANSACTION

 In case you find yourself losing sleep over your bitcoin transaction that's stuck for days in the mempool due to either a high fee rate environment or other circumstances, here are two practically easy things you can do to solve your problem

1. Replace by fee(rbf), if you are the sender, 

2. Child pay for parent(cpfp), if you are the receiv

  To use number one: replace by fee(rbf), you simply need to go on the transaction and replace it using the bomp the fee feature(in some wallets), make sure the new fee is higher this time so miners can be willing to process the transaction faster for you. but what if your wallet software does not support rbf? this is where the second solution comes in, cpfp(child pay for paren

 To use cpfp, you need to be the receiver of the tx. the step is also simple just send the unconfirmed amount that is stuck to an address you the receiver fully control with a higher fee rate that miners will be willing to confirm the first stuck transaction and then confirm the second you are about to create. reason being is miners cannot confirm the fresh(second) tx without confirming the previous one(fisrt), so if the second tx's fee is that attractive to miners they cannot resist other than process both transactions to get the sat

  I hope this saved you some spleep! feel free to zap me sats at getalby@piecover.com ! :)s.t)eror:  

WHY BUY BITCOIN INSTEAD OF A SECOND HOUSE?

WHY BUY BITCOIN INSTEAD OF A SECOND HOUSE? THE MORAL AND ECONOMICAL CASE FOR BITCOIN OVER A SECOND HOUSE

FIRST OF ALL, A HOUSE IS AN ILLUSION OF WEALTH BUT NOT TRUE WEALTH IT'S A BAD VEHICLE TO STORE WEALTH SINCE IT WAS NEVER MAENT TO BE USED AS MONEY BUT A UTILITY OBJECT, PEOPLE ONLY USE IT TO STORE THEIR WEALTH IN PLACES WHERE THE MONEY IS BROKEN, BUT NOW WE HAVE PERFECT MONEY(BITCOIN) THERE IS ALMOST NO NEED TO SAVE IN HOUSES THEREFORE NO MORE DRIVING HOME PRICES HIGHER TO PRICE OUT LESS PRIVILEGED PEOPLE WHO ARE IN NEED OF A PLACE TO LIVE.

INSTEAD OF SAVING IN A BANK FOR A DOWNPAYMENT TO BUY A HOME THAT WILL PROBABLY DOUBLE IN PRICE(IN DOLLAR TERM) BY THE TIME YOU REACH YOUR PERCENTAGE GOAL(20%), YOU CAN SIMPLY SAVE THE MONEY IN BITCOIN WHERE YOU CAN REALLY BUILD TRUE WEALTH THAT WILL LAST AND APPRECIATE IN VALUE FOREVER. 

CONVERTING YOUR HARD EARNED MONEY TO A HOUSE YOU MAY NEVER OWN IS A NET NEGATIVE FOR YOUR FAMILY AND YOUR FUTURE AND MOST IMPORTANTLY BECAUSE THE REAL VALUE OF THE HOUSE DECREASE OVERTIME THEREFORE IT NEEDS MORE MONEY AND WORKS TO MAINTAIN A LIVABLE STATE.

THE BENEFITS OF OWNING BITCOIN OVER A HOME ARE: YOU CAN SELL THE BITCOIN ANYTIME YOU NEED IT(IT'S LIQUID GLOBALLY), IT'S BORDERLESS ie YOU CAN TAKE IT WITH YOU ANYWHERE(BECAUSE IT CAN BE IN YOUR MIND), ALMOST MAINTENANCE-FREE, YOU CAN CALL THE SAVINGS IN BITCOIN YOURS THE MOMENT YOU START AQUIRE IT IN CONTRAST TO A HOUSE YOU CANNOT CALL THE HOUSE YOURS TILL YOU'RE DONE PAYING IT IN FULL WHICH IS ALMOST AN UNATTAINABLE GOAL FOR MOST PEOPLE. YOU SEE, THE MOST VALUABLE THING IN LIFE IS YOUR TIME AND YOUR ENERGY, WHEN YOU WORK YOU ARE TRADING THEM FOR MONEY BUT THE MONEY IS BROKEN BECAUSE IT'S LOSING IT'S VALUE OVERTIME AS FAST AS THEY ARE PRINTING THEM. BITCOIN IS HARD MONEY BECAUSE NO ONE CAN CREATE MORE OF IT AND IT IS LIMITED IN TIME ONLY 21MILLION BITCOINS TO EVER BE CREATED. THAT'S WHY YOUR SAVINGS IN BITCOIN DO NOT DEGRADE IN VALUE OVERTIME BUT UPGRADE IN VALUE. 

IN CONCLUSION, MY HOPE IS THAT MORE PEOPLE REALIZE THE POTENTIAL AND BENEFITS OF HAVING BITCOIN IN THEIR SAVINGS PORTFOLIO INSTEAD OF A SECOND HOUSE TO PROTECT THEIR WEALTH, SO THAT HOUSES CAN GO BACK TO THEIR UTILITY VALUE ONLY AND BITCOIN CAN BE USED AS THE SAVINGS TECHNOLOGY, BECAUSE THE PRICE OF BITCOIN GOING UP CANNOT PREVENT PEOPLE FROM HAVING A ROOF OVER THEIR HEAD BUT THE HOUSE PRICES GOING UP DOES.

THIS IS HOW MUCH Buying $100 of Bitcoin every week for

9 years starting 9 years ago would have turned $47,000

into $889,150 (+1,791%) HERE AT DCABTC.COM

The Podcast Version, Join me on my way to work talking about that

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HOW TO BUILD WEALTH FOR THE FIRST TIME?

 

PLEASE SUPPORT MY WORK WITH BITCOIN, VALUE4VALUE APRECIATION: getalby.com/p/piecover  or  use LNURL: piecover@getalby.com

FOLLOW ON NOSTR: npub1442cldwt7575fuqtrae7hwtkeelyedp9k6eh8xjqj6728sln2k5q0a09ae

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NOSTR: npub1442cldwt7575fuqtrae7hwtkeelyedp9k6eh8xjqj6728sln2k5q0a09ae

#savings #Buildwealth #bitcoin #wealth #fiat #bitcoinmining #btc #citadel #inflation #saving

#bitcoin #proofofwork #bitcoinmining #blackrock

BLACKROCK WILL HAVE TO SHOW THE PROOF OF WORK FOR FIRST TIME

 

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NOSTR: npub1442cldwt7575fuqtrae7hwtkeelyedp9k6eh8xjqj6728sln2k5q0a09ae

#savings #TOXICTALK #bitcoin #crypto #fiat #bitcoinmining #btc #citadel #inflation #savings

#bitcoin #proofofwork #bitcoinmining #blackrock

THE VALUE SAVING TECHNOLOGY - BITCOIN #TOXICTALK

 

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How To Partially Live On Bitcoin: An Easy Roundabout Way

 The other day I got pumped after buying $2 of phone minutes using Bitcoin-lightning for a friend in Brazil on this amazing website called bitrefill.com where it only costed me 7967Sats and 0 fee. [I want to mention that I am not being paid for commission by Bitrefill nor any other apps and services, but I give you a chance to support me using a lightning address somewhere here on this blog.] 

 Now, this transaction got me thinking deep about getting myself and friends ready to start living on Bitcoin where we can pay for goods or some services using Bitcoin(Sats) and the lightning network. 

I am already used to pay my friends in Bitcoin(Sats) and some of them seems to be getting it now, they are willing to hodl for the long run. But I also would like to make sure that they know they can use their bitcoin(Sats) in case of an emergency. 

My experience with Bitrefill so far is amazing, it gives you the opportunity to buy gift cards with your Sats(bitcoins) to purchase real stuff online on: amazon, ebay, phone refill, gaming, travel, etc. Or in your local community such as: walmart, grocery stores, pizzas, gas stations, cloths stores, coffee shops, home hardwares, etc. I think we need way more of these types of services like the one offered by Bitrefill. I am sure they are already few of these services out there already serving you as well such as coincards.com, bolt card, etc. Please share more of them with me below if you like.

In conclusion, I am not advocating to overspend your Sats right now in stuff you don't need today so you can buy them Sats back in higher price later but, keep accumulating your Sats if this is what you want to do right now and wait to enjoy them Sats later when you are not able to make the same amount of money or simply when you are in need. My purpose in this post was to simply help the people who are looking for the option to spend their bitcoin(Sats) to find an easy roundabout way to do so.

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Find yourself in a lost world of lies and fakeness "from a bitcoin pleb perspective"

                    

                                  

The world around me is becoming more and more unreal. Everything is fake, the money is fake which ultimately faked the food that also faked the people. 

We live a world run by fake money, advertisements, propagandas, manipulation and lies. Now I tend to believe that the root cause of all these is the fiat money but my focus today is on how to skip this world while we still live in it.

You see, the problem is because we let ourselves being used and abused by the system. Imagine not using: their fiat money, their fake schools, their fiat foods, their fiat contents, not listening to their fake news, not participating in the fiat selections"elections" and so on. I understand those are very hard things to do specially when you are already deeply indoctrinated by the system, those ideas sounds so crazy to you that you even find them unfair, but in contrast to losing our whole self I think it might worth it.

Imagine being a youtuber, there is nothing wrong in creating contents for people to enjoy but the incentives are misaligned. Youtube is not incentivized to let you be who you are but they want you to obay to a set of rules that they just made up based on what their advertisers want, for example you may not do good on their platform if you go against the narratives or what the algorithm wants. So you are still forced to push their propagandas regardless you are for or against them. This is why I used a provocative term to describe some content creators"fiat excrements".

Now imagine you as a viewer, you might think those free contents are made in good faith but in contrary, they are there to influence your behavior and make you buy on all sorts of wasteful products. That's the fiat world.

It is not surprising that I feel so lost some time it is because of these automated manipulations. So in order to find myself I will need to start cutting off myself from these consumptions, like using less algorithmic products such as contents, using less google products as much as I possibly can since they are designed to harvest everything inside my brain, use less social media like: twitter, tiktok, facebook, instagram and so on. And instead, go out in nature more, be in contact with real people in the real world. 

One of the reason why people feel the need to be constantly hookup to these social media  and government services is because we think we may get something more in ''fiat'' return, like fake likes, friends with interest, followers, status, fiat jobs, etc. But the truth is most of these things are not really necessary. 

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<Picture from Motionographer>

BITCOIN vs AI Fight Which One Will Win

 

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