BTC Beaufort

BTC Beaufort Bitcoin education and advocacy in Beaufort, SC. Not financial advice. Not an investment club.

You might have seen the recent Greenpeace art exhibit that attempted to disparage Bitcoin from an environmental perspect...
03/26/2023

You might have seen the recent Greenpeace art exhibit that attempted to disparage Bitcoin from an environmental perspective. There is a LOT to unpack in this event, ranging from Greenpeace’s corrupt sponsors to the fundamental misunderstanding of Bitcoin’s role in planetary energy expenditures and pollution. Caught in the middle of all this controversial discussion is the artist commissioned by Greenpeace, Von Wong, who has demonstrated enough wisdom to listen to counterpoints and foster further discussion on these complex topics. I wanted to draw attention to one Bitcoiner’s response to that artist.



An open letter to artist and activist Von Wong, written by Cosmo Crixter (Bitcoiner)

At one time the United States Dollar was a grand beast, backed by gold, stronger than authoritarian despair. Sadly, it has been brought to heel. A mere fiat currency now, it is backed by debt. Through inflation it rapidly atrophies, but still crushes weaker currencies in its wake. At war with the poor, the Dollar is a terrible master and a grim slave, serving an endlessly exploding debt scheme. Yoked ever more tightly to deficits and liabilities, it soaks up the energy of the less fortunate. And, by God, it is wasteful.
Because war and oppression are the eventual clearinghouses of sovereign debt, many people and even some nations are now learning to think beyond Dollar-debt madness. With Bitcoin.

I have an image in my mind that I can't shake. A photo taken in 2021 by Japanese photographer Keiko Kanasugi. In it, a wild stag carries the head of its dead sparring partner on its antlers as it grazes on dried winter grasses. 'The wilder, stronger beast won some terrifying overzealous clash, and the loser's decaying skull is stuck in its horns. The victor lives on. Nature is brutal, but fair.

Bitcoin is now that wilder, stronger creature. Fiat currencies, backed only by debt, militarism, and waste, are dying on its horns. Because Bitcoin is produced and secured by something better than debt: work.

Work that can be done anywhere and that spurs the production of efficient and clean energy, especially in the Global South. And because Bitcoin cannot be inflated, it cannot be degraded by the macabre incentives of profligate governments. For this reason, oppressive governments fear it.

'The Bitcoin community, as you have now seen, is a wild party. It's a celebration of thought, memes, freedom, and of a superior monetary and savings technology. With its fixed issuance policy Bitcoin inspires holders to save and think long term, and deincentivizes wastefulness and decadent spending. As such, Bitcoin conserves energy, even as it utilizes it properly. And, unlike the company that paid Greenpeace to engage in a smear campaign against it, Bitcoin is decentralized. It has no rulers.

Thus, Bitcoin is the embodiment of a cooperative human effort that transcends governments. I liken it to many millions of people across the globe joining hands, holding tightly, and saying, directly to the powers that be, "We value truth, peace, full awareness of the structures that oppress us, and resistance to censorship. Join us." After all, we know the stakes: to heal the planet, or let it die. To quote Jurassic Park: The Lost World: "No, thank you. I believe I've spent enough time in the company of death."

Bitcoin travels at light speed, ever more available to those who would transcend grey cycles of debt-slavery, war, and waste. It distributes value and optimism as it roams: a natural force for good. As it moves into the places where it's needed it strengthens people who have been disenfranchised by endless debasement and doom. As wasteful and debt-bedeviled fiat central banks reel and buckle, Bitcoin advances with fairness. In the short term, because it is beholden to no nation, even its price fluctuations resemble the leaps of a fierce, charging animal. In the long term, it soars.

Open-sourced, and accessible to all, Bitcoin now spars with every currency and asset on Earth.
Unconfiscatable, it empowers the oppressed with censorship resistance. It embodies the real human values of liberty, bravery, and optimism in the face of all odds. And it grants Bitcoiners the seemingly contradictory qualities of celebratory wildness and humility, as we use this new technology and commit to a more just and decentralized world. A world based upon cooperation and hard work, and not on dominance and decay.

To me, understanding these ideals of Bitcoin are what it truly means to enter the Skull of Satoshi. I thank you for your vision, your energy, and your heart. I love the skull you made in appreciation of the transformative power of Bitcoin, even if your intentions were different when you began building it than they are now. I am proud that you have joined the conversation. I am hopeful that before long you too will call yourself a Bitcoiner. I would love to send you a satoshi, not as tip or payment, but as a brotherly spark of joy.

Very sincerely yours,

Cosmo Crixter (Bitcoiner)

(In this infographic, Bitcoin is the 18th most valuable asset in the world.  However, due to recent "shaking of the bran...
03/21/2023

(In this infographic, Bitcoin is the 18th most valuable asset in the world. However, due to recent "shaking of the branches" of the financial tree, Bitcoin is actually currently 11th.)

( Distant time travelers to this post can check on the current status here: https://companiesmarketcap.com/assets-by-market-cap/ )

In spite of having no corporate structure, no leadership, no executives, no marketing team, no specific purpose, no governmental backing, and no legal protections... Bitcoin has grown larger than the likes of JP Morgan, Walmart, and Meta. In due time, it will grow past the likes of Tesla, ExxonMobile, and eventually precious metals such as silver and gold.

Bitcoin is the apex predator of money, and it is coming for us all.

This announcement aged like a fine milk.On November 2, 2017, the price of Bitcoin (BTC) was around $6,930 USD.  It later...
03/21/2023

This announcement aged like a fine milk.

On November 2, 2017, the price of Bitcoin (BTC) was around $6,930 USD. It later spiked to an all-time high of around $20,000 USD, which was achieved on December 17, 2017. That was the 2017 bull run for Bitcoin.

Nowadays, as Credit Suisse teeters on the brink of collapse, Bitcoin is at the low low price of around $27,000 USD, which is down from its most recent all-time high of $69,100 USD on November 10th, 2021. That was the 2021 bull run for Bitcoin.

Bitcoin’s price spikes can be caused by factors such as supply and demand dynamics, investor sentiment, news and events, mining difficulty, and market manipulation. Long after Credit Suisse is gone or neutered beyond recognition, Bitcoin will continue to periodically spike. Plus, Bitcoin doesn’t stop working on weekends and holidays.

While we wait for the next episode of this riveting banking system saga, along with the eventual 2025 bull run for Bitcoin, feel free to read up on Credit Suisse and its many controversies. To rephrase their tweet, Credit Suisse is the “Very Definition of Corruption”. https://en.m.wikipedia.org/wiki/Credit_Suisse

Historically, whenever the Federal Reserve starts cutting interest rates after a series of rate increases, the market in...
03/14/2023

Historically, whenever the Federal Reserve starts cutting interest rates after a series of rate increases, the market inevitably recoils into a recession. Who's to say this trend won't continue in 2023-2024? The writing is on the wall.

Stay humble.
03/14/2023

Stay humble.

And now, your Moment of Zen.
03/09/2023

And now, your Moment of Zen.

Be aware, learn a trade, know your neighbors, stay humble, and stack sats.
03/09/2023

Be aware, learn a trade, know your neighbors, stay humble, and stack sats.

Friends, I am still getting things figured out as far as how to run and manage the page.  In the meantime, I'll recommen...
03/08/2023

Friends, I am still getting things figured out as far as how to run and manage the page. In the meantime, I'll recommend Trader University (run by Matthew Kratter), which is an amazing video resource for Bitcoin information and general warnings about the many alternative coins that exist. Here's Matt's latest video, which discusses the recent weakness seen in one of the last remaining mainstream cryptocurrency exchanges, Binance. If you haven't gotten the news yet... get your coins off the exchanges. Not your keys, not your coins. I'll be happy to talk to anyone in the comments about how to self-custody your Bitcoin (or any coin).

Get the "Ultimate Guide to Bitcoin" course:https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoinUse the discount code YT99 to get the bes...

Every now and then, humanity discovers some kind of remarkably simple formula which, once fully understood by the popula...
02/24/2023

Every now and then, humanity discovers some kind of remarkably simple formula which, once fully understood by the populace, is utterly transformative for the species.

Check out these old logos for Bitcoin, which were released by Satoshi Nakamoto on 24 Feb 2010 (thirteen years ago today!...
02/24/2023

Check out these old logos for Bitcoin, which were released by Satoshi Nakamoto on 24 Feb 2010 (thirteen years ago today!). They were replaced later in the same year by the iconic orange logo we know and love today.

Building in the bear market 📉
02/14/2023

Building in the bear market 📉

The Bagworm Moth Caterpillar collects and saws little sticks to construct elaborate log cabins to live in.

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