Dstzcg

bitcoin

deleted by author

![20240104_200159.jpg](https://m.stacker.news/10746)

Bitcoin is all of these 👇

![20240103_143912.jpg](https://m.stacker.news/10577)

On my way to a Bitcoin dinner. Mining in the subway is the right way, is it? 😂

As an American millennial, I love our country but I oppose our money.

I'm all in on Bitcoin. Setting my sails toward prosperity or going down with the ship.

I believe it's important to take a stance now more than ever

![20240103_132324.jpg](https://m.stacker.news/10566)

I no longer own any US dollars. Not even a penny.

![20240101_210257.jpg](https://m.stacker.news/10354)

Happy new halving year!  🙌🥂

An experiment in kilo-zapping

elvismercury

![20231226_085343.jpg](https://m.stacker.news/9564)

Thanks to bitcoin, I look forward to every new year, do you?

      🎅🎅
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              🎅🎅       🎅🎅 
            🎅🎅        🎅🎅
           🎅🎅    🎅🎅 
      🎅🎅🎅🎅🎅🎅
          🎅🎅       🎅🎅
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        🎅🎅      🎅🎅
 🎅🎅🎅🎅🎅🎅
     🎅🎅

Merry Christmas! Bitcoin    

⇒ Wouldn't surprise me, if it would include the Bitcoin    Lightning Network.

![20231224_135013.jpg](https://m.stacker.news/9348)

X IS LAUNCHING A PAYMENT SERVICE IN 2024!

![20231223_231740.jpg](https://m.stacker.news/9289)

Make it merry, make it Bitcoin   

![20231223_223424.jpg](https://m.stacker.news/9283)

You can never have enough Bitcoin   

![20231223_171100.jpg](https://m.stacker.news/9244)

My new Ledger Nano X!  Thanks Everyone.

Are you going to hodl, sell or buy more?

![20231222_225810.jpg](https://m.stacker.news/9162)

You wake up and Bitcoin is $1M.


You just had to maintain a bullish bias throughout the last bear market,

Now, it is only a matter of time.

Bitcoin will be recognized by the masses as a risk-off asset.

2024-2025 will be insane for bitcoin

If you are here now, congratulations! 🥳

Working smarter, investing in sound assets, and using a currency that appreciates in purchasing power is a path to prosperity.

In the future, Bitcoiners will have access to every tool at their disposal to help move the world from dystopia towards an Earth utopia.

Huge respect to everyone who has remained in Bitcoin, even as its value dropped from $69k to $15k and then went to $44k.

Insane!

It is a pleasure to hodl alongside those of you who have stayed the course.

Let's continue to stack harder.

Everything is intercalating perfectly.




![20231220_162901.jpg](https://m.stacker.news/8907)

2024-2025 will be insane for Bitcoin

![20231220_105001.jpg](https://m.stacker.news/8873)

Using Credit Card vs Bitcoin   

✅ 350 Bitcoin miners being deployed this week.

![20231219_230910.jpg](https://m.stacker.news/8844)

The quiet before the storm.

Here's The Fiat standard


![20231219_203743.jpg](https://m.stacker.news/8830)

Fiat money is fundamentally inflationary:

Unlike Bitcoin or other hard assets, fiat currency has no intrinsic value and its supply can be increased at will by central banks. 



Inflation is a hidden tax:

When governments inflate the money supply, it's like they're taking money from everyone without their consent. 

This is a particularly harmful tax for savers and retirees, who rely on their savings to maintain their standard of living.



Fiat money makes it easier for governments to finance wars and other interventions:

Because they can simply print more money, governments are not as constrained by fiscal responsibility as they would be under a sound money system.

Infinite money = Infinite wars



Fiat money leads to boom-bust cycles:

Central banks try to manage the economy by manipulating interest rates and the money supply. 

However, these interventions have unintended consequences, leading to periods of economic boom followed by bust.



The fiat standard benefits the wealthy and powerful at the expense of everyone else:

Those who have access to cheap credit and inside information are able to profit from inflation and economic distortions, while everyone else is left worse off.



The fiat standard is unsustainable in the long run:

As the money supply continues to grow, inflation will eventually spiral out of control. 

This could lead to a complete collapse of the monetary system.

Fiat currencies are batting 0%. 

(Not one has worked in history)




Bitcoin offers a potential solution to the problems of fiat money:

Bitcoin  is a decentralized digital currency that is not controlled by any government or central bank. 

It has a fixed supply of 21 million coins, which means it is impossible to inflate.



Bitcoin is still in its early stages of development:

It’ volatile and lacks some of the features that would make it suitable for everyday use. 

However, it has the potential to become the world's dominant currency in the future.



The transition to a Bitcoin  standard will be challenging:

There will be resistance from vested interests who benefit from the current system. 

However, the long-term benefits of a sound money system make it worth pursuing.



Everyone has a role to play in the transition to a Bitcoin    standard:

We can learn about Bitcoin and share our knowledge with others. 

We can invest in Bitcoin and support businesses that accept it. 

And we can advocate for policies that promote the adoption of Bitcoin.



By understanding the problems of fiat money, we can be better prepared for the future of money.


It’s impossible to understand Bitcoin without understanding fiat first. 

This is a mayor pharmacy chain in the country. They started accepting Bitcoin earlier this year (in town), but they’re re-thinking it due to the low demand. 

To think that as a predominantly cash-based area, it’s fertile ground for adoption.

![20231219_202453.jpg](https://m.stacker.news/8828)

![20231219_202451.jpg](https://m.stacker.news/8829)

Spotted in Sayulita, Mexico 👀🇲🇽

In November 2021, American police officers surrounded a lakeside mansion in Georgia.

 In the basement, they found a safe.

 Inside, there was $661,000 in cash, gold bars and a jar of Cheetos.

 The pot held 15 BILLION REALS in Bitcoin

![20231219_113901.jpg](https://m.stacker.news/8753)


To understand how this fortune ended up there, we need to meet James Zhong - the owner of the mansion.
 
 A typical nerd, he loved to scour obscure online forums.

 One day in 2009, a post caught his attention.

 8 years later, James would become one of Bitcoin's biggest whales.

![20231219_113933.jpg](https://m.stacker.news/8754)

![20231219_113929.jpg](https://m.stacker.news/8755)


Stunned, Zhong mined a few thousand BTC at home.  To see what he could do.

 He had just entered college with almost perfect grades on the entrance exam.

 As any 18-19 year old would do, he spent a lot of his BTC on parties.

 Alcohol, hallucinogens, and harder things.

![20231219_114041.jpg](https://m.stacker.news/8756)

![20231219_114039.jpg](https://m.stacker.news/8757)


Ironically, James' addiction made him even richer.

 For convenience, he started buying his powder on a website called Silk Road.

 The biggest bitcoiner marketplace at the time.
 
 One fine day, when he went to withdraw BTC from the website, our protagonist came across something strange...

![20231219_114110.jpg](https://m.stacker.news/8758)

![20231219_114108.jpg](https://m.stacker.news/8759)


The website was slow.

 Impatient, James strafed the "loot" button with the mouse 😤

 When he went to check his wallet, he saw that he had received DOUBLE the BALANCE that he actually had to withdraw 😮

 He rubbed his eyes.  He checked.  And boom.

 He had met the real-life "Klapaucius."


Silk Road had a vulnerability that allowed the user to exploit a second function while the program was performing another task.
 
 In this case, “spend double bitcoin”.
 
 The next few days were the happiest of Zhonginho's life ☺️
 
 It drained ~8% of the site's bookings😱

![20231219_114310.jpg](https://m.stacker.news/8760)


Afterwards, he reported the bug to the owner of Silk Road, and received a few more coins as a gift.

 He sent 40,000 BTC to one address, and 10,000 to another, where they rested for almost a decade.
 
 James Zhong, aged 22, was now one of the biggest Bitcoin holders on the planet 👑

![20231219_114342.jpg](https://m.stacker.news/8761)


What would you do if you had  BTC saved?  🤔💭

 James chose to cause on the net.

 I bet many of you would opt for the same.

 He pretended to be an “asset manager” on Bitcointalk, and built a legendary persona, which would go down in history.

 His name there was “LOADED” 

![20231219_114434.jpg](https://m.stacker.news/8762)


robbery was in 2012.

 Zhong's coins were worth $1 million. He entered college "with his life sorted out."

 But #BTC rose from $10 to $1000 between '12 and '14 📈

 When he graduated at 24, his coins were worth +U$30M.

 He bought a house, a car and started to pay for the "colleagues" party.

![20231219_114528.jpg](https://m.stacker.news/8763)


Until now, he had only spent the BTC he earned mining.
 
 If he continued like this, he probably would never have been caught.

 But, intoxicated by euphoria, he made a mistake...

 ... and planted the seeds of ruin, when it was going through its 3rd boom cycle, in 2017.

![20231219_114607.jpg](https://m.stacker.news/8764)


At the height of the #Bitcoin "civil war", LOADED got carried away on Bitcointalk.

 Challenged Roger Ver in a $20M bet, BTC vs. BCash.
 
 To prove his seriousness, he signed a message with the key to a wallet that had $44M in BTC.

 But then, on-chain "rats" entered the scene...

![20231219_114649.jpg](https://m.stacker.news/8765)



... and soon linked the wallet to the infamous 1DkyBEK address...

 ... known to be related to the Silk Road drainage years earlier.

 🫥 After this revelation, LOADED disappeared from the forum.  And she never posted again.
 
 He knew he had messed up.

 And he seemed to already sense the worst.

![20231219_114741.jpg](https://m.stacker.news/8767)



The bull of 2017 came. James went into "heir" mode.

 The #BTC he had mined at $10 was now worth $10,000.

 He bought several Lambos, rented yachts, traveled even more, and invested almost $10M in real estate.

 The ostentation caught attention.

 And then, one fateful night, in 2019...

![20231219_114839.jpg](https://m.stacker.news/8768)



James' house was robbed.

 They took US$400K in cash.
 
 The broken windows scared our Bitcoin tycoon.

 He called the police.  A case was opened.

 Inconclusive investigations.
 
 The thief was never caught.
 
 But the case caught the attention of American revenue...

![20231219_114923.jpg](https://m.stacker.news/8769)

![20231219_114920.jpg](https://m.stacker.news/8770)



After all, who keeps $400k in cash at home?!

 They asked for browsing records from Jaminho’s ISP 👀

 They mapped their wallets.

 And eventually, they discovered the connection that was raised on Bitcointalk years earlier:

 between LOADED wallets... and the original Silk Road h4cker 🫢

![20231219_115003.jpg](https://m.stacker.news/8771)



James never sold any of the BTC stolen from Silk Road.
 
 The site owner even thanked him for reporting the bug.

 I would remain free if it weren't for that message and that bet in 2017.

 Or, thinking about it, maybe it was just a matter of time before he got caught 🤔

![20231219_115050.jpg](https://m.stacker.news/8772)

In 2021, American police officers surrounded a lakeside mansion in Georgia.

"On Saturday April 18, 2009 at 8 AM Pacific time Hal Finney, an avid runner, began a 10 mile race in Santa Barbara, California."

"Why is this noteworthy? Because Satoshi was performing activities at the same time that Hal was running."

![hal-finney-running.jpg](https://m.stacker.news/8749)

Hal Finney Was Not Satoshi Nakamoto

The beginning of a beautiful relationship 🥰

![20231219_002044.jpg](https://m.stacker.news/8712)