Hedraios

It's a constant challenge for me to adjust out of fiat measuring and into Bitcoin measuring. It's like changing from imperial to metric, or being at the start of learning a new language.
A paradigm shift.
I try to think in descending Moscow time, not ascending dollars.
But it's really hard. I have to untrain the brain.
On that note...
All the new "Bitcoin Treasury Companies" that popped up this cycle are fiat thinking, right?
I mean, I understand Preston Pysh's analogy that they are a transmission; and Saylor's analogy that they are like a pump or refinery.
But they do not of themselves provide individuals with custody of #Bitcoin in the end.
If, say, the focused end goal for an individual is to own (have custody of; bearer asset only) sound money and exit fiat, then all these complex stock offerings and financial vehicles are really disposable, aren't they?
Disposable = useful for a bit, but definitely meant to be discarded.
Like a game of hot potato. "Hold it, but not too long..."
They use Bitcoin price appreciation to offer fiat users more fiat...but that fiat must be eventually dumped for sound money if a guy is a Bitcoiner.
So they are just a slow motion, long time frame, pump and dump?
They are adjacent to #Bitcoin...but are filled with so much fiat conversations and terminology.
shares and stakes
durations and dividends
rates and risks
shareholders and CEOs
options and regulations
disclosures and capital drives
investor interest and ATMs
mNavs and Josh Manns
I think I will just keep trying to get rid of fiat and get more of what Saylor really wants to get his hands on.
What we all really need to get our hands on.
Sound money.
I don't want a leveragable derivative of sound money.
I just want sound money.
An ethical, accessible, non-jurisdictional, accurate, opt-in standard for measuring, preserving and exchanging value.
#Bitcoin

2025-08-15 06:20:50 CEST

https://blossom.primal.net/5a4b6e083678fb102c04cf0eec6b689996002d83fd43857f33292094071b5010.jpg

2025-07-28 03:36:22 CEST

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Great picture; looks like a Death Stranding screenshot

2025-07-27 20:01:43 CEST

#Bitcoin: A peaceful, principled, opt out.

2025-06-29 21:04:15 CEST

Not your keys, not your coins.
#Bitcoin
#Plebchain

2025-06-06 16:30:25 CEST

Before #Bitcoin I rarely thought about property right.

2025-05-29 14:54:03 CEST

Find the baselayer.
#Plebchain

2025-05-26 16:02:13 CEST

In the late 1400s, Oresme referred to two key duties of the State, which are connected, and when carried out justly bring benefit to a people, but when corrupted lead to tyranny.
These ideas are relevant to many conversations Bitcoiners engage in today.
Oresme was writing from within a Christian/Biblical worldview, and also as a Scholastic who valued the acquired wisdom of prior ages. He thus quotes Scripture, Cassiodorus' Variae, Ovid and Aristotle's Ethics (V). He is not novel, nor flippant, but based. Principled.
The first key duty of the State (in his time, the form of the State was "The Prince") was to battle FOR the defense of his people. The reason there was a Prince at all was due to a need to protect the property rights of a weaker individual against a stronger or more numerous aggressor intent on unjust theft or robbery. This defense duty was viewed as a legitimate justification for why tribute / tax was due from the common countryman, who had incentive to pay because benefit exceeded cost.
The second key duty of the State was to ensure accurate coinage. Oreseme reasoned it was necessary for SOMEONE to ensure that the weight and material of a gold/silver coin matched its face value. Assuming the Prince was the most trusted entity, Oresme argued the Prince should also ensure accurate and standardized coinage. (He states that falsifying coinage was penal even for a Prince, and justification even for war!)
Under just government, the citizen and his endeavors would flourish.
But under corrupt government, the citizen would be doubly threatened - first by the effective monopoly on violence aimed not at an aggressor but against the citizen himself; secondly by a dilution of the coinage that resulted in a stealthy loss of the citizens' purchasing power.
----
Takeaways: How sad that the corruption of humankind's morality ruins both Prince and People. (In Christianity, this corruption is "sin", for which reason Christ the Savior was sent to us).
How blessed we are to have access to a new money (#Bitcoin) that is a protocol - a consensus system built not on the unreliable hope of a man's noble character, but upon the realization that man is so consistently and inevitably corrupted that math must be used to govern the money instead of the State.

2025-05-24 14:48:29 CEST

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Good morning, Tomer

2025-05-24 12:58:42 CEST

No, I can't eat #Bitcoin...but:
"Mmoney is called artificial riches, and not the other way around, seeing that a man who abounds in it may still die of hunger; as appears from Aristotle's example of the greedy king, who Ovid calls Midas, who prayed that everything he touched should turn to gold, a mad request which the gods granted, and thus he perished of hunger while awash in gold, as the poets tell.
For money does not directly relieve the necessities of human life, but is an instrument artificially invented for the easier exchange of natural riches.
And it is clear without further proof that coin is very useful to the public community, and convenient, or rather necessary, as Aristotle proves in the fifth book of the Ethics."
Nicholas Oresme, De Moneta
https://www.google.com/books/edition/De_Moneta_of_Nicholas_Oresme/-9USzpT0t3AC?hl=en&gbpv=1&printsec=frontcover
https://blossom.primal.net/6023e19b1f8e7e6c25df451213b7f3b307677e6a241bba638d3e7421d8c51328.png

2025-05-08 00:18:34 CEST

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Yeah, I can't get enough of those tracer guns on the Roci

2025-04-25 23:56:13 CEST

"The Founders were adamant that fiat currency was a form of counterfeiting, and they worked hard to ban it via the Constitution."
- The Big Print, Lawrence Lepard, p. 43

2025-03-08 15:05:29 CET

One of the #Bitcoiners I met shortly after my orange pill awakening talked about how a way to show respect for other humans was by paying them in sound money instead of low quality fiat.
#Plebchain

2025-03-08 15:00:43 CET

Over the years, #Bitcoin has led me into a deep appreciation for property rights.

2025-03-06 03:23:02 CET

I am so sick of fiat.

2025-02-20 15:56:46 CET

https://m.primal.net/PEOE.png
#Bitcoin
#Plebchain

2025-02-13 07:02:37 CET

He who takes the king's coin
Becomes the king's man

2025-02-12 23:40:24 CET

Boy, do I 🧡#Bitcoin!

2025-02-12 22:50:11 CET

Base58 and hashing and ASICs and elliptical curve and nonces are cool and all, but wait until you get down into the ethics of money production...
#Bitcoin
#Plebchain
https://mises.org/library/book/ethics-money-production

2025-02-12 21:45:13 CET

Just think on it for a while:
A money that keeps (even increases) its value over time.
And if you run your own node and hold your own keys, you're into sovereign finance.
#Bitcoin
#Plebchain

2025-02-12 03:29:54 CET

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What are some of the contents or topics that set it apart from other Bitcoin books?

2025-02-12 03:27:47 CET

An #Umbrel node is very simple to setup and run. Plug and play. Has a beautiful user interface too.
Have also used an old Mac Mini as a node.
If you don't have your node up yet, considering add it to your to do list.
#Bitcoin
#Plebchain

2025-02-05 03:56:19 CET

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For those who value historical affirmation from wise minds in the past on the corrupt ethics of states printing money, you'll enjoy reading Nicholas Oresme's "De Monetia" from the 14th century. It's pretty short. It reaches back even further to Aristotle, Cassiodorus, Solomon and Moses. It's referenced in Hülsmann's 2009 "Ethics of Money Production", which inspired the more recent book, "Thank God for Bitcoin".
Here's where you can read it for free:
https://www.deigratia.org/treatise-oresme/

2025-02-05 03:38:00 CET

One key characteristic of #Bitcoin is that it has no issuer - whether that be the state or a corporation or a celebrity influencer or a tech wiz.
#Plebchain

2025-01-29 09:13:13 CET

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If someone has to be in charge of the peg, the peg will fail.

2025-01-29 03:57:55 CET

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Yeah. I'm good, ty. Just making a point: #Bitcoin is profound.

2025-01-29 03:48:00 CET

As you study #Bitcoin, you'll come to appreciate property rights.

2025-01-29 02:38:54 CET

#Bitcoin is new tech solving an age-old problem: the debasement of money.
Whether in the form of printed paper, digital IOIOIIOOs, or hunks and chunks of metals, money has always been susceptible to debasement.
We just couldn't store value in a way that wouldn't leak.
Until #Bitcoin.
HODL it.

2025-01-29 02:15:53 CET

#Bitcoin is profound.

2025-01-18 17:55:06 CET

Thoughtful piece by @npub1l59…q78u
Recommend the read:
https://livingonbitcoin.substack.com/p/the-autonomous-individual

2025-01-18 06:46:24 CET

I've been falling falling falling down the #Bitcoin rabbit hole, falling for 3 years straight, falling every day and every night, tired eyes and highlighters in books, headphones in at night, more than 1,000 consecutive days of falling each day and every day and I have not yet hit the bottom or lost interest.
And what is coming next?
What will come when the absoluteness of #Bitcoin infiltrates and reprices this cheap fiat world???
BooksvideospodcastssoftwarehardwarefiatcorruptionphilosophypoliticswarstatesocietysovereigntytimepreferenceenergyhistoryprivacycoinagemintsbondscustodycentralbanksfractionalreservenymsnostrcryptographygametheorymultisigopensourcefractalencryptbitaxenoderunnersoundmoneyexchangesethicscounterpartytimevaluemempoolhoneypothalvingoresmedergigivirtuesmeaningtruthGodSHA256elipticalcurvemeetupsspacesplebskeysstayhumblestacksatsbase58elsalvadorxpubzpubsparrowwalletwatchonlybtcpayserverorangeorangeorangepillllllllledPlease:WhenwillIfindthebottom?
#Plebchain

2025-01-18 06:10:36 CET

Question 1: Can the total supply of #XRP be expanded?
Question 2: Can the total supply of #BTC be expanded?
#Plebchain

2025-01-18 03:55:09 CET

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I have hopes...
https://m.primal.net/Nlqn.jpg

2025-01-17 18:42:54 CET

KEET: It's been interesting and encouraging to watch Keet.io emerge and improve.
It's a communication app. It's in Beta, but already impressive.
I think it may be profoundly helpful - maybe essential - to those interested in private property and private personal communications in the coming years.
Keet's claim: direct, end-to-end encrypted data between the participants in every interaction: Text messaging. Voice calling. File sharing. Video chatting. Bitcoin Lightning payments.
Yet no middlemen, third-parties, or servers. Nobody to snoop on calls, leak or collect data. No ads.
https://keet.io/

2025-01-15 01:49:22 CET

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I like listening to these two people talk about stuff.

2025-01-04 03:57:02 CET

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.......because the supply of Bitcoin is inelastic!

2025-01-04 03:55:17 CET

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Find a Nostr user you like and follow people from their follow list
Or, search the #Bitcoin hashtag, and then over time follow the users from that hashtag that you want to hear more of

2025-01-02 16:44:54 CET

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Congratulations, Dr. Jeff. I'm proud of you and the principled and intelligent work you do for your investors.

2024-12-30 06:21:21 CET

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Inevitable. 👍

2024-12-30 06:18:30 CET

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IMO, this is where incentives come in. If #Bitcoin is what we think it is, then it will be naturally attractive to anyone who uses money.
The only way to slow adoption will be coercion...which will itself only make the case for #Bitcoin more evident. (In my mind, this is what we mean when we say Bitcoin is antifragile.)
Trying to stop #Bitcoin is like squeezing a hand full of sand.
The sand will find a way out.

2024-12-30 06:10:03 CET

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Gone are the days where buildings make for better money than actually money

2024-12-30 06:08:30 CET

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Keep at it 💪

2024-12-30 06:06:22 CET

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"Bitcoin doesn't produce anything"
How does he not understand what money is?

2024-12-30 06:02:48 CET

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Surreal how the axiom holds true:
You don't change Bitcoin
Bitcoin changes you

2024-12-30 06:00:58 CET

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Sometimes it doesn't seem real (what Bitcoin is, and will become)

2024-12-30 05:59:17 CET

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NGU technology over time due to its inherent characteristics!

2024-12-30 05:55:11 CET

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Fear of the IRS and the complexity of Capital Gains taxes.

2024-12-30 05:54:06 CET

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"If it works, don't mess with it."

2024-12-30 05:48:21 CET

Read "The Ethics of Money Production" by Hüllsmann.
It came out in 2008, just before #Bitcoin.
Available as a free .PDF from the Mises Institute website:
https://mises.org/library/book/ethics-money-production
#Plebchain

2024-12-30 05:42:24 CET

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Just sats

2024-12-30 05:31:59 CET

-1 and 1 look similar, except for that little inverse "-" sign.
Altcoins and #Bitcoin are categorically different.
#Bitcoin is the inverse of a Ponzi scheme.
Proof of work + difficulty adjustment + decentralized protocol = hardest money known to man.
Freaking impressive.
#Plebchain

2024-12-30 05:18:48 CET

Trying this on for size:
What if gov't existed solely to assist individual citizens in the protection of their property rights against theft or seizure by aggressors?
#Bitcoin
#Plebchain

2024-12-27 15:23:38 CET

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I have not needed to pay anything to use Primal's wallet

2024-12-25 21:27:31 CET

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Why is it desireable to have the meat dry out?

2024-12-25 21:25:38 CET

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Find a Nostr user you like and follow people from their follow list
Or, search the #Bitcoin hashtag, and then over time follow the users from that hashtag that you want to hear more of

2024-12-22 06:12:02 CET

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Mmm, I can taste the butter

2024-12-22 06:11:13 CET

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How many tastes of 46% ABV can a guy get through in one sitting?

2024-12-22 06:03:53 CET

It's a big deal that #Bitcoin is opt-in.
There's no bodily threat aimed at anyone; no demand it must be used - or else! ( Not dependent upon legal tender laws for adoption ).
We use it because we like it.
It has utility.
And our nodes are like our heads nodding together in consensus on this, as we agree to cooperate.
Don't like it? Make your own fork.
#Plebchain

2024-12-22 04:40:59 CET

#Bitcoin Class of 2021.
I see fiat everywhere now.
#Plebchain

2024-12-16 04:29:47 CET

What is hard to fully grasp is the significance of absolute scarcity.
Digital scarce assets which can be owned, transferred, and audited, make a sound digital money possible.
This new absolute scarce money will devour fiat monies.
As fiat dilutes in value,
Bitcoin gets denser in value.
#Bitcoin
#Plebchain

2024-12-15 20:37:04 CET

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Reminds me of: "It's not the healthy who value the doctor, but the sick"

2024-12-15 20:35:37 CET

It's fun checking in on my #BitAxe every so often to see if this little number in #AxeOS has gone up:
#Plebchain
#Bitcoin
https://m.primal.net/MxFG.jpg

2024-12-15 05:06:19 CET

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#Bitcoin is ethical money

2024-12-14 20:39:15 CET

What would cause my Nostr Profile Pic to disappear?
#AskNostr

2024-12-14 20:35:55 CET

Gresham's Law:
"Bad money drives out good."
Meaning that when two forms of currency with the same nominal value exist, people will tend to hoard the more valuable currency (good money) and spend the less valuable currency (bad money), ultimately leading to the devaluation of the monetary system.
#Bitcoin
#Plebchain

2024-12-14 20:24:15 CET

What is money useful for? -> What traits make something useful as money -> Which things posses those traits?
#Bitcoin
#Plebchain

2024-12-14 06:44:21 CET

Digital. Scarcity.
#Plebchain
#Bitcoin

2024-12-04 03:53:19 CET

This thing is solid.
Weighty. Heavy.
Bright screen, satisfying buttons.
#Bitcoin
#Passport
#Foundation.xyz
https://m.primal.net/MnIY.jpg

2024-11-21 01:33:36 CET

Sometimes we hear comments about the complexity of #Bitcoin self-custody.
I feel like I have a pretty good handle on that...
...but I don't understand most of the technical language of the #Microstrategy fiat printer.

2024-11-17 00:36:38 CET

Q: What's the only thing that's better than #Bitcoin?
A: More Bitcoin
---
- Saylor, at the Cantor Crypto, Digital Assets and AI Infrastructure Conference in Miami, Florida, Nov 13-14, 2021

2024-11-16 17:15:47 CET

#Bitcoin is a hybrid information stream, anchored to reality in the concrete world of physics by Proof-of-Work, and aligned with accuracy in the abstract world of information by mathematics.
Almost like DNA, it's physically-bound information.
So it's not fiat.

2024-11-16 16:22:51 CET

My #Bitcoin rabbit-hole journey, which started in 2021 with Coinbase's "free $30 credit for a shitcoin if you create an account with us", has led me further and further backward into history.
"Thank God for Bitcoin" 2020 AD, cites ->
"The Ethics of Money Production" 2018 AD, cites ->
"De Moneta" 1360 AD, cites->
Cassiodrus of Rome 500 AD, cites ->
Aristotle, 350 BC, cites ->
King Solomon, 1000 BC, cites ->
God, the Father Almighty, maker of heaven and earth.

2024-11-16 15:50:03 CET

Proof-of-work makes Bitcoin a commodity money - the commodity being nature's own energy.
The importance of this money-trait was explained in 1786 by Thomas Paine:
--------
"I remember a German farmer expressing as much in a few words as the whole subject requires:
'Money is money, and paper is paper.'
"All the invention of man cannot make them otherwise. The alchemist may cease his labors, and the hunter after the philosopher’s stone go to rest, if paper can be metamorphosed into gold and silver, or made to answer the same purpose in all cases.
"Gold and silver are the emissions of nature: paper is the emission of art."
...Read More:
https://mises.org/mises-daily/thomas-paine-paper-money
#Bitcoin
#Plebchain

2024-11-16 15:38:33 CET

March 16, 1967
"A BILL: To eliminate the requirement that the Federal Reserve banks maintain certain reserves in gold certificates against Federal Reserve Notes."
https://m.primal.net/MXxi.png
https://www.google.com/books/edition/Gold_Cover/wBY3AQAAIAAJ?gbpv=1

2024-11-15 20:41:06 CET

Stay humble
Stack sats
#Bitcoin
#Plebchain

2024-11-05 15:10:18 CET

"All is chaos where there is deceit in the unit of measurement."
- Cassiodorus, a Christian Roman statesman, a renowned scholar and writer who served with Theodoric the Great in the 5th century.
#Bitcoin
#Plebchain
https://m.primal.net/LtXH.jpg
https://m.primal.net/LtXI.jpg

2024-11-04 00:11:50 CET

#Bitcoin tells the truth.
That's worth something.

2024-11-03 18:19:24 CET

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Yeah, I think about this! And then feel so incredibly fortunate/lucky/blessed that I found #Bitcoin (or Bitcoin found me).
At just the right time. Feels surreal.

2024-11-03 04:21:39 CET

Anyone else feel relief when #Bitcoin dips, but nervous and unsettled when it pumps?

2024-11-03 04:02:52 CET

#Bitcoin gave me an increased understanding of ownership. I'd not given property rights much serious thought until Bitcoin.
#Plebchain

2024-11-03 03:59:33 CET

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Thanks for sharing your insights on volatility, liquidity, prices, risk, optimism, age of legends...and especially your mention of your one core belief

2024-10-28 09:00:15 CET

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Part of my delight for the #Bitcoin rabbit hole is all the paradigm shifting realizations that keep popping up.

2024-10-27 17:14:22 CET

I plan on getting a solar #Meshtastic node up and running for my area.
I don't have anyone to talk to on it just yet, but I like the idea of contributing to a local mesh communication network

2024-10-27 17:08:55 CET

I enjoy thinking about #Bitcoin

2024-10-14 02:22:33 CEST

I 🧡 #Bitcoin

2024-10-14 02:19:30 CEST

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This is one of my favorite dergigi pieces

2024-10-14 02:18:15 CEST

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I am continually impressed with your prolific posting
Blasting signal through the noise 💪

2024-10-13 18:28:33 CEST

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I think it provides the advantages of division of labor, but in the information realm instead of the physical realm.

2024-10-12 04:35:51 CEST

I. Want. Control. Of. My. Money.
#Bitcoin
#Plebchain

2024-10-12 04:17:26 CEST

All it takes is a good hurricane (and the loss of power, cell service, and WiFi ) to highlight the use case for #Meshtastic

2024-10-12 03:45:56 CEST

I'm hooked on #Meshtastic already.
Can't wait to get my next radios and learn more about all the quirks and settings!
Looking forward to contributing to/creating to the mesh network infrastructure in my area...

2024-10-09 17:56:08 CEST

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Buy the Heltec V3s; they are $25 or so a pop, which is a pretty cheap entry point. Get a two pack from Amazon that includes a little plastic case and an antenna; just adds a little durability when you're playing around with them.
I needed to dig up a *data-capable* USB-C cable to connect the devices to my computer to update the software (firmware) before using them.
You'll likely need to follow directions such as the ones at Meshtastic's website. Some things were l not self-explanatory to me.
Part of the fun is that it's a little technical, so if you like figuring stuff out, you'll enjoy it.
There's something delightful about transmitting your first message and seeing it pop up on the other device while knowing it's on your own self-created mesh network.
Is also fun to see what nodes/coverage pop up near by. Depending on your context, it may be just you, or 20 others.
Was helpful for me to just ChatGPT for specific instructions. There will be no instructions with the product; so either you read Meshtastic website's helpful walkthroughs, or just ask ChatGPT specific questions about settings and terms when you encounter them.

2024-10-09 17:40:07 CEST

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Awesome, thanks!

2024-10-09 13:03:33 CEST

Day two as a #Meshtastic user!
Love these little guys (Heltec V3)
Question for other users:
1) What is the significance of the lock icon next to each node in the node list? (I notice that some are yellow/unlocked, and others are green/locked.)
My clients seemed to be set to green/locked by default, while most others are yellow/unlocked.
How do I change that setting, and why might I want to?
2) Also, if I broadcast a message in the default primary "Channel 0", who can see it? Is it a public channel for any clients in hop range? What is the significance of setting that channel's encryption setting to "empty" instead of "default"?
https://m.primal.net/LPpr.jpg

2024-10-05 23:37:57 CEST

Ordered my first mesh toys to play with...
#meshtastic
#LoRa
#plebchain
https://m.primal.net/LMQh.png

2024-10-03 22:30:06 CEST

#Nostr is great because it just lets people talk.
#Plebchain

2024-10-03 22:28:17 CEST

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Ha, spot on