Howdy there, partner! Welcome on into the Stacker Saloon.
Saddle on up to a stool and spill the beans about your day, fire away with them questions, or let loose and give us the lowdown on your wild and woolly life. We're all ears, so don't hold back!
We're open round the clock, so mosey on in whenever you please!
⚡️Will be recording SNL tomorrow at 4pm Texas time, stackers!
If you haven't yet, or haven't from all of your alt accounts, cast your votes for the quarterly ~econ award.
#1020294
I sometimes wonder if the way I viscerally dislike the Bitcoin treasury company shenanigans and am convinced they are scams is in anyway related to how no-coiners feel about bitcoin due to a lack of understanding...
No keys, no coins! What is so hard to understand about that? If you don’’t have the keys you have no coins no matter what the other side of the deal says.
It is beginning to look like the deal the banks have with deposits! They are the bank’s possession, you are only an unsecured creditor. Not a good situation.
It could be, but it could also be that buying MSTR has a different ethos than Bitcoin.
MSTR is essentially a leveraged bet on the price Bitcoin. If bitcoin goes up, the price of MSTR goes up more. But if bitcoin goes down, the price of MSTR would go down even more.
So, buying MSTR means you're betting on bitcoin to rise in price... which is fine if you're in it for the fiat gains, but for a lot of bitcoiners we don't really see ourselves as in this for the gainz
Probably, but it doesn't mean there's a relationship between your correctness and theirs.
This would be fun to explore in writing because I have the same confused feelings.
Unlike ICOs, or even other bitcoin-denominated, bitcoin-adjacent scams (like fake L2s), no one is being lied to about utility. Folks are buying in to speculate on the company's ability to attract more speculators while acquiring more bitcoin (which they are speculating will rise in price). It's not much different that the 'scam' of any other stock. In some ways it's better than other stocks because I can't easily verify if Apple is innovating relative to whether Microstrategy bought more bitcoin for example.
The scammiest part imo is that none of these companies actually hold the bitcoin. So the stock's claim on the underlying asset is actually just a claim on a claim. It's layers of legal promises all the way down to the custody of the bitcoin.
It's obviously in a company's interest to own bitcoin, and should make the company more durable, so it make sense to prefer owning stock in such companies all else being equal. But, does it make sense to invest in a company whose sole purpose is acquiring more bitcoin? If you yourself have access to debt at reasonable interest rates, and have so much excess capital you're speculating on treasury companies, I'd think acquiring more bitcoin for yourself via debt is better - because the risk profile is pretty straightforward and there's no premium.
Day 353 of nut 🌰 dropping 🥜 in the Saloon
cashu:cashuBpGFteCJodHRwczovL21pbnQubWluaWJpdHMuY2FzaC9CaXRjb2luYXVjc2F0YXSBomFpSABQBVDwSUFGYXCBpGFhAmFzeEA2YTdhOTlkZTEzODcyOWU2Njk0OWNhNmZmMzcyMDYzMmQyZTMzMmIxN2JiMDA4MTMwOTc4MzU4OGU2M2M0MTFhYWNYIQKay5JOOrqdpn7U6UNzRmU-O9_smriB-vp3KUaazVpgw2Fko2FlWCCEAPkJQs63FuNyTnkXYgPMgPy6DfUkQ5HnO6gqLNU75WFzWCB801xpyO1VbUi2DfzfIFIx-mLnTKK2LdzMb3qM8viuL2FyWCAIeFMwagXd096WKMJn7VANY4tGCY7mMez75OefS-CcKGFkakJvb2dlci5wcm8
Want to harvest? Go here to get a Wallet to harvest this nut!
Quick question, what exactly are these users? cc/ @k00b @ek
They are reserved in the stacker nymspace for
/login,/signup, etc.Can you just, quickly explain why they're needed?
So that a stacker does not change their nym to @login and not get a profile.
why do they have so many referrals and stacked sats?
Because we didn’t exclude those paths from referrals initially.
https://survey123.arcgis.com/share/2ec6794bfffa44f983d45eefd7c3ab9f nobody go make a false report
probably one of the jury keke
Learning, the key to everything💪
https://media.tenor.com/AZh0pzx9MssAAAAM/the-good-the-bad-and-the-ugly-clint-eastwood.gif
I see you've got the SN meme game down already haha
Dudes at work are organizing a poker Texas Holdem tournament I said I will come play only if I can pay my entrance fee in bitcoin
so you won't go?
Apparently not. I’m not paying in fiat so either they accept my payment form or do without me
Tried to buy a fold bitcoin gift card with the fold card and it was immediately rejected with no explanation.
💰This week Comics & Meme ~Design bounty #43 is about :
Bitcoin American GothicBitcoin American Gothic
Check it out here #1020544 or simply use the sticker shortcode to create something fun in your next SN post and comments.
Bounty prizes update:Bounty prizes update:
The bounties (including previous ones) will stay open undefinitely, so you have plenty of time to craft your entry. Once 9 stackers submit an entry, the prizes will be allocated as follows:
Day 554 of posting mining earnings from the day before: 641 sats on 1Jul2025! Running total: 375,875 sats!
Yesterday's comment
Day 555's comment
Happiness Journal 2/7/25
Felt an inexplicable sense of melancholy. I think it’s because work assignments have been piling up from all directions, so I have to grapple with the fact that my time isn’t really my own.
Will focus on the positive nevertheless!
Had lunch for the first time with a new colleague, JW. He was surprisingly candid, sharing unreservedly the conflicts he had run into at our school. Learnt that he’s ten years younger than me, so brotherly instincts swelled up within me, haha. Grateful to have forged a new connection, I am looking forward to having lunch with him again.
Get SN Badges on your nostr profileGet SN Badges on your nostr profile
XXdays?XXXk sats?Leave your
npuborNIP05below, and we'll verify and gift you the SN badges according to your SN achievements. Read more: #711428npub12kfw9742tpchc0ycqphjmvxsx0t89g3d5cjfvq8cc04v8ljdgr9skszpze
You got it ;)
A Story by “Satoshi,” Your Invisible Guide You wake up each morning, check your bank balance on your phone, and head out—coffee, rent, groceries, maybe a movie ticket. You chase money so you can live. Yet, how many of us have ever paused and asked, “What is money?” Not “Where did my paycheck go?” but, “Why do we trust paper bills and digital numbers more than real things we can hold?”
Most of us are so busy earning and spending that we never stop to understand the invisible force guiding our lives. Today, let’s take fifteen minutes to answer that question in three simple acts, each told like a story you can see yourself in. By the end, you’ll know why a new kind of money—Bitcoin—matters more than you realize.
The Never-Ending Swap: Barter’s Big ProblemThe Never-Ending Swap: Barter’s Big Problem
It’s Saturday morning at your local market. Emma sells eggs; Carlos sells bread. Emma needs bread, Carlos needs eggs—but Emma eats cereal, and Carlos’s kids hate eggs. They stare at each other, arms full, frustrated.
This is barter—the oldest form of trade. It only works when both sides want exactly what the other has.
For most of human history, that meant:
But barter falls apart when wants don’t match. One day, a clever merchant introduces cowrie shells—tiny sea-shell coins everyone agrees to accept for any goods. Now Emma trades eggs for shells; Carlos trades shells for bread.
Victory! But soon new problems appear:
1 - Too many shells? The village chief stamps more whenever he pleases—suddenly everyone’s shells feel less special. 2 - Heavy shells? Carrying fifty shells is like lugging a bowling ball bag. 3 - Fake shells? Enterprising villagers paint stones to look like cowries, fooling the unwary.
Over centuries, humans switched to metal coins, then to paper notes promising “Redeemable for gold.” Each step solved one problem—yet created another. By the 1600s, goldsmiths stored your gold and handed you paper tickets (receipts) instead. People realized paper was lighter than gold, so they began trading paper.
The Invisible Trap: Modern Banks & Fiat MoneyThe Invisible Trap: Modern Banks & Fiat Money
Fast-forward to today. You tap your phone to buy coffee—4.50vanishesfromyouraccount,replacedbyalineofcomputercode.Thatcodeisbackedbyabank’spromise:“Weoweyou4.50.” But banks and governments have a secret power: they can create as many digital promises as they like.
Imagine you work two weeks to save 200.Thenyourbankquietlyextendsabigloantoacompanyacrosstheglobe—suddenlyanother200 pops into existence. Your $200 is now mixed in with the new money, and each dollar you saved is slightly less valuable. It’s like adding extra water to a can of soup—you poured in the same chunk of noodles, but the flavor is weaker.
That’s inflation—the silent thief of savings. Today’s 500emergencyfundmightbuyyouaweek’sgroceries,butnextyearyou’dneed525. And if you live or work internationally, your digital dollars can:
Yet we rarely question this invisible system. We hustle for more dollars, never stopping to ask: Who really creates this money? Why do we trust numbers we can’t hold more than gold we can?
The Promise of Bitcoin: Honest, Open, YoursThe Promise of Bitcoin: Honest, Open, Yours
Picture this: it’s early morning and you’re grabbing your daily coffee. You tap your phone, and four dollars vanish in an instant—no paper bills exchanged, just lines of code shifting on a screen. That code represents a promise: today’s digital dollar you trust will buy tomorrow’s coffee. But what if that promise could never be broken by hidden money printing or overnight freezes?
Enter Bitcoin. First, there will only ever be 21 million coins—no central bank can quietly press “print more.” Every ten minutes, exactly 3.125 BTC is released by the network. You know, down to the last satoshi, how many coins exist and when the last one will appear.
Imagine having a jar of coins that never gets diluted by secret additions—your savings stay intact.
Next, every transaction lives in a public, unchangeable ledger. If you receive 0.01 BTC for helping a friend move apartments, you—or anyone—can trace that tiny payment back to its very origin. There are no hidden back-room deals, no off-book bailouts. This radical transparency builds trust without relying on banks or governments.
Finally, Bitcoin gives you true self-custody. You hold a unique seed phrase—your private key—and nobody else has a copy. No bank can freeze your account, no court can seize your coins, and no glitch can lock you out. Want to send value to a cousin in Kenya at 2 AM? Just share your address and press “send.” The network of miners around the globe will verify and record it—permissionless, peer-to-peer, for just a few cents.
In these three ways—fixed supply, transparent ledger, and self-custody—Bitcoin fixes the invisible traps of both barter’s mismatches and fiat’s hidden inflation. It’s not just a new currency; it’s a promise of true ownership, honesty, and freedom—yours to live.
Your Turn: Step Into the GameYour Turn: Step Into the Game
You’ve seen money’s true origin—from awkward swaps to invisible digital promises—and glimpsed Bitcoin’s bright promise of fairness and freedom. But theory only carries you so far. The real magic happens when you live the story.
That’s why I created The Game of Satoshi: an interactive, cinematic puzzle series that turns these ideas into an adventure you play.
Ready to stop chasing money and start mastering it?
Claim your FREE ticket now and join tens of thousands of solvers:
Click to Sign Up In this game, you’ll not just learn money’s secrets—you’ll live them, solve them, and own them.
I’ll see you on October 18.
— Satoshi
Next week: the day money truly broke free of gold—August 15, 1971.
Stay curious!
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