Why freedom then?

Who’s influencing the changes? So what you really want is a very very simple idea — the simplest idea: I’m just going to keep track of who owns 21 million parts of energy.

Important things

No ICO-

I think the lack of an initial coin offering is also important. I think the lack of a corporate sponsor is important. I think the fact that it traded for 15 months with no commercial value was also important. I think that the simplicity of the protocol is very important. And I think that the outcome of the block size wars is very important.

Digital property vs security

The gift

And so I see the entire story as Satoshi giving a gift of digital property to the human race and disappearing.

Permission-less and open

30 pounds of fat, you can go 60 days without eating

On the other hand, three entrepreneurs in Nigeria on the weekend could create a website that would trade in this Lightning economy using open protocols without asking anybody’s permission. So you’re talking about something that’s like a million times cheaper, less friction, and faster to do it if you want to get money to move.

How do you give a full education through PhD-level to 8 billion people on the planet? And the answer is: a digital version of the 20th century thing running on a mobile phone.

The metaphor I think is relevant here, the biological metaphor, Lex, is Type I diabetic: if you’re a Type I diabetic, you can’t form fat, and if you can’t form fat then you can’t store excess energy. Fat is the ultimate organic battery, and if you’ve got 30 pounds of it you can go 60 days without eating.

If you think about the big picture: the big picture is 8 billion people with mobile phones served by a hundred million companies doing billions of transactions an hour, and the companies are settling with each other on the base layer in blocks of $80 million at a time, and then the companies are trading with the consumers in proprietary layers like layer three, and then on occasion, people are shuffling assets across custodians with Lightning layer two because you don’t want to pay $5 to move $50 — you want to pay a twentieth of a penny to move $50.

You don’t have as much optionality with any other form of property on Earth

Kids and children are ultimately not culpable for anything; 99% of their worldview is shaped by their parents.

For example, if society bones the fact that kids are on devices all day, it is because their parents are on devices all day.

As a consequence, if you want to “fix” the kids, you first got to fix the parents!

I am anti fragile things, people, tools etc.

The insane glory of Monument Valley — transports and transcends you into a new world and universe!

Layer One

Michael Saylor: Yeah. So the layer one is the foundation for the entire cyber-economy. And we don’t want it to move fast. What we want is immortal, incorruptible, indestructible. That’s what you want: integrity from the layer one.

So if I give you a million dollars and you want to hold it for a decade, you might go buy a house with it. And the house is low frequency money — you converted the million dollars of economic energy into a structure called a house. Maybe after a decade you might convert it back into energy — you might sell the house for currency, and it’ll be more worth more or less depending upon the monetary climate.

property is low frequency money.

Bitcoin is going to go up forever?

In terms of ethics, I want to make one more point: I might say to you Lex, I think Bitcoin is the best, most secure, most durable crypto-asset network in the world, is going to go up forever, and there’s nothing better in the world. I might be right, I might be wrong, but the point is: because it’s property, it’s ethical for me to say that. I

common property which is fair is Bitcoin —

Nation agnostic

The US Government, if they took 1% of the money they spend on the department of education and they simply poured it into digital education and they gave degrees to people that actually met those requirements, they could provide 100x as much education for 1/100th of the cost and they could do it with no new technology — that’s a marketing and political challenge.

technologist-philosopher

debt— bleeding of money:

Stop the bleeding. Single first thing, right? You show up after any action, I look at you — stop the bleeding, because you’re going to be dead in a matter of minutes if you bleed out.

The term “iatrogenic” comes from a combination of two Greek words: “iatros,” meaning physician or healer, and “genes,” meaning origin or source. Thus, iatrogenic refers to any condition, disease, or complication that arises as a result of medical treatment or advice. Essentially, it denotes an illness caused by the medical examination or treatment itself, not due to the underlying condition of the patient.

This term is used across the medical field to describe outcomes that are not necessarily the result of medical error, but rather are unforeseen or unavoidable consequences of the treatment process itself. It underscores the complex nature of medical care, where interventions aimed at healing can sometimes lead to new health issues.

iatrogenic: attempting to do something good will actually yield more bad.

Michael Saylor: They will attempt to do good and they will and they will do good imperfectly and they will create oftentimes more damage than the good they do. Most government policy will be iatrogenic: it will create more harm than good in the pursuit of it — but it is what it is. The secondary issue is they will unintentionally pay for it by expanding the currency supply

What is inflation?

We’d have inflation as long as we have government that is capable of pursuing any kind of policies that are in themselves inflationary, and generally they all are.

Michael Saylor: The significance of laser eyes is to focus on the thing that can make a difference. and if I look at the civilization, I would say half the problems in the civilization are due to the fact that our understanding of economics and money is defective — half, 50%. I don’t know, it’s $500 trillion dollars worth of problems? Like, money represents all the economic energy in the civilization, and it kind of equates to all the products, all the services, and all the assets that we have and we’re ever gonna have — so that’s half. The other half of the problems in the civilization are medical and military and political and philosophical and natural.

Here are the visualizations of Plato’s Cave, illustrating the concept of perception versus reality. These images depict prisoners interpreting shadows on a wall as reality, unaware of the actual source of light and the true nature of the objects casting these shadows.

I have a passion for the light, physiologically literally and let us not forget that photography means painting with light.

For me, one of the greatest joys in life is just having direct light, the direct sun on my face and my body. I’ve also realized that having the light directly on you is 1 trillion times different than “reflected light”.

Even worse, some buildings, cars, the tint is so strong that even if you’re getting some lovely light that’s coming in, the tint blocks most of it.

Certainly tint is useful if you live in Arizona or Nevada and it is 120° outside. But, if it is just a moderate 70°, you want as much light, sunlight and direct light as possible!

Taking this further as an analogy, I wonder if the majority of civilization, adults kids etc., everyone is just devoid of the light. Everyone is living in Plato‘s cave, and what we think is light, it just reflected light, refracted light, or worse artificial light.

If you had put a hundred thousand dollars in this house you would have 305x return over 92 years.

But if you had put the money a hundred thousand dollars in a safe deposit box and buried it in the basement, you would have lost 99.7% of your wealth over the same time period. So the expansion of the currency creates a massive inefficiency in the society — what I’ll call an adiabatic lapse. what we’re doing is we’re bleeding the civilization to death.

This is why money is so bizarre; let us say that you just took $1 billion, and put it into a very simple 10% yield fund. Your money will naturally grow, $100 million a year — by sitting on your butt and doing nothing. And that number will continue to expand indefinitely.

10% of a billion dollars is $100 million.

My passion

It seems that in the world of bodybuilding, the general ideas that the more you eat, the better. However, I think a better way to think about it is about nutritional density. For example, better to eat 1 pound of 100% grass fed beef liver than maybe even 4 pounds of typical ground beef. 

The two are price adjacent

Wisdom

“Do not touch black tails: that is, do not associate with bad men”

Excerpt From
Plutarch’s Morals
Plutarch
https://books.apple.com/us/book/plutarchs-morals/id511195428
This material may be protected by copyright.

“Do not wear a tight ring: that is, let your life be free, do not bind yourself by a chain”

Excerpt From
Plutarch’s Morals
Plutarch
https://books.apple.com/us/book/plutarchs-morals/id511195428
This material may be protected by copyright.

“Do not poke the fire with a sword: that is, do not provoke an angry person, but yield to such”

Excerpt From
Plutarch’s Morals
Plutarch
https://books.apple.com/us/book/plutarchs-morals/id511195428
This material may be protected by copyright.

“Do not eat the heart: do not wear away the heart by anxiety. Abstain from beans: that is, do not meddle in state affairs, for the voting for offices was formerly taken by beans. ”

Excerpt From
Plutarch’s Morals
Plutarch
https://books.apple.com/us/book/plutarchs-morals/id511195428
This material may be protected by copyright.

“Do not put your food in the chamber-pot: that is, do not throw your pearls before swine, for words are the food of the mind, and the villany of men twist them to a corrupt meaning”

Excerpt From
Plutarch’s Morals
Plutarch
https://books.apple.com/us/book/plutarchs-morals/id511195428
This material may be protected by copyright.

Taking on the sun topless — don’t people also realize this is another form of hormesis?

GOOD

GET FIT LIKE EK:

DOWNLOAD

LIFT & WALK IT OUT–

THE NEW LIFT OF THE GODS:

Eat more organ meats!!!

Anti scalar —

Whoa.,, also don’t trust call of duty mobiles; it is made by Tencent— timi studio group!

No Riot Games, no Epic Games, no Roblox, no Discord.

No league of legends, Fortnite,

Tencent Games owns several divisions and studios, each responsible for developing and publishing a variety of games. Key divisions include:

• Aurora Studio Group: Focuses on games like “Moonlight Blade” and “Azure War.”
• LightSpeed Studios: Known for “QQ Huaxia” and “Freedom Fantasy.” It includes several subsidiaries, including LightSpeed LA and Lucid Games.
• Morefun Studios: Develops games such as “The Roco Kingdom” and “Naruto Online.”
• NExT Studios: Produces titles like “Unheard” and “SYNCED: Off-Planet.”
• Riot Games: Fully owned by Tencent since 2015, the studio behind “League of Legends.”
• TiMi Studio Group: Develops popular games like “Honor of Kings” and “Call of Duty: Mobile.”
• Tencent Institute of Games: Focuses on nurturing talent and professional development within the gaming industry.

Additionally, Tencent Games launched Level Infinite, a game publishing brand, collaborating with studios worldwide to publish various titles oai_citation:1,Tencent Games – Wikipedia.

Certainly! Here’s a numbered list detailing Tencent’s involvement in media outlets and significant investments:

1. Tencent Games: Known as the world’s largest video game publisher, Tencent Games is a key division of Tencent Holdings, focusing on the development and publishing of video games. The company has stakes in several international game studios, including Riot Games (developer of “League of Legends”), Epic Games (creator of “Fortnite”), and others oai_citation:1,Tencent – Wikipedia.
2. Tencent Music: This subsidiary of Tencent operates some of the biggest music streaming services in China, such as QQ Music, Kugou, and Kuwo, catering to millions of users by providing access to vast music libraries and streaming services oai_citation:2,Tencent – Wikipedia.
3. Fanbyte: Tencent acquired this online gaming publication but later faced controversy for laying off nearly all of its editorial staff. This move highlights the challenges and decisions multinational corporations like Tencent navigate in the tech and media landscapes oai_citation:3,Tencent lays off nearly all of staff at its gaming site Fanbyte | TechCrunch.
4. Investments in Social Media and Tech Companies: Tencent is not just limited to games and music; it also owns WeChat, a superapp that combines messaging, social media, and mobile payment functionalities into a single platform. It has also made significant investments in other tech companies, contributing to its status as one of the largest venture capital firms and investment corporations globally oai_citation:4,Tencent – Wikipedia.
5. Venture Capital Activities: Beyond its direct subsidiaries, Tencent has stakes in over 600 companies, including various tech startups across Asia. This broad portfolio demonstrates Tencent’s role as a major player in supporting and shaping the future of the digital economy worldwide oai_citation:5,Tencent – Wikipedia.

For more in-depth information on Tencent and its operations, consider exploring their official website or detailed profiles on platforms like Wikipedia, which offer comprehensive insights into the company’s vast range of activities and investments in the technology and media sectors.

Tencent is a vast Chinese multinational conglomerate that has significantly impacted various sectors, including media and technology. It is recognized as the world’s largest vendor of video games and has made substantial investments across the global tech landscape. Here are some key highlights of Tencent’s media ownership and investments:

1. Tencent Games: A division focused on publishing video games, Tencent is the largest in the industry globally, holding stakes in multiple international game studios such as Riot Games, Epic Games, Roblox, and Discord.
2. Tencent Music: Another major entity under Tencent, it encompasses music streaming and download services, catering to a vast audience with a variety of musical tastes.
3. Fanbyte: This is an online gaming publication that experienced nearly all of its editorial staff being laid off by Tencent. Despite Tencent’s vast revenues and significant presence in the global gaming market, this move indicates the complexities and challenges within the tech industry, including financial adjustments and restructuring efforts.

Tencent has positioned itself as a leader in multiple domains, including social media, through platforms like WeChat, venture capital, and investment corporations. Its strategic investments span over 600 companies, focusing on areas such as artificial intelligence, entertainment, and other technology-related services. The company’s influence extends beyond its own products to a broad portfolio of investments in tech startups across Asia and globally, emphasizing its role as a key player in shaping the digital landscape oai_citation:1,Tencent – Wikipedia oai_citation:2,Tencent lays off nearly all of staff at its gaming site Fanbyte | TechCrunch.

For more detailed information on Tencent and its vast array of subsidiaries and investments, visit the Tencent official website and their Wikipedia page.

To the ancient Romans or the ancient Greeks; either your Roman or Greek, or a barbarian. Simple binary.

to me, America is the new Greece, America is the new Rome. Therefore, a simple thought I have is we should treat America, being American as a race and nationality and ethnicity;

Are you American, or a barbarian?

I think the thing which is ridiculous is there are too many strange Interamerica politicking that happens, whether you’re from the south, Republican Democrat whatever. This is a foolish thing: instead it should be—

America vs China

Anyone in cahoots with China should be seen with deep suspicion. This includes Apple, who is essentially best buddies with Foxconn in mainland China to make your beloved iPhone Pros, TikTok, or any of these other social media video game companies which are combined with Tencent (which is essentially mainland China)—

A funny thought while looking at my beautiful suntanned body:

The pigment and melanin in my skin is assigned and an indicator of my own wealth and my bodily wealth.

Essentially I captured the power of the sun, and I converted it into my body. In modern daytimes, especially where everyone is office leaves, to have a full body tan is assigned that you’re either really really rich, or some sort of beach bum; and the funny thing is that a lot of these beach bums, and surfers are actually very successful.

Dump the banks, break up with the banks. JP Morgan chase; they outsource all of their customer support, and their stuff, all to the Philippines. You could tell very simply; I’ve been to the Philippines a bunch of times, and Filipino people have a certain accent and friendly upswing.

The reason why this is so problematic is because the whole system is inefficient. If I wanted to just transfer $125,000 to my crypto account, why did this whole process take three weeks?

Certainly to a large extent, we still need banks, I don’t want to just have my fiat currency just lying around at home, too much anxiety.

But perhaps the simple thought is to think beyond the banks. To not be stuck in this ghetto state of mind, in which these greedy banks and landlords are just milking you for every single cent and profit.

I think the number one reason why I hate the banks is because they are gatekeepers of your money. Which means;

I want to wire my own money into my own crypto account, and I signed all the goddamn paperwork, in person, at a real life banking branch, why did you hold my money hostage for two weeks and prevent the wire transfer, because you have some bullshit “fraud protection” program, somewhere outsourced to the Philippines?

The purpose and the point isn’t to go off the grid, but rather to create your own grid. 

Crypto Economist

Upon much thinking and consideration in terms of what bitcoin actually is; my personal thought is bitcoin is solidified energy.

For example, I find the economics on my name insanely fascinating. Basically you have a bunch of nerds with super computers, consuming lots of electrical energy and power in order to solve mathematically very difficult equations, to be rewarded with bitcoin per block.

As a consequence, this computing power, and electrical energy power is then converted and solidified into bitcoin.

***

Is Bitcoin bad for the planet?

No this is the annoying question that everyone asks, whether it is bad for the planet or not. People talk about all of the Chinese producing cheap energy through coal power plants, in order to mind these bitcoins. Yet nobody seems to have any problems talking about how the same mainland Chinese companies like Foxconn also burn through cheap sources of energy like Cole in order to make your iPhone Pro. 

Also, the lithium batteries in your Tesla are bad for the planet. Your Amazon prime subscription is bad for the planet. You streaming Netflix and Spotify all the time is bad for the planet.

Therefore I feel like this question of whether something is good for the planet or bad for the planet is the red herring. Which means, it isn’t really a significant question.

In fact, who knows maybe all this desire to mind more bitcoin or crypto will encourage more innovators and industrialist to perhaps invest in solar power. Truth be told there is no power more powerful than the sun. Even for myself is a human being, biological human being, I drive the most car in energy when I am in the direction. In fact my idea a paradise, or a perfect house or a home is a house or a home that gets sunlight, From sunrise to sunset. Kind of like a panopticon of the sun.

 This is where Elon Musk and Tesla is so genius; if you end up getting the Tesla solar roof, and getting a Tesla vehicle, in theory you can become your own energy producer your own utility, and to some extent, create your own grid.

---

What is the point of bitcoin anyways? 

This is where we have to delve into a more critical line of inquiry about the purpose of wealth and money in general.

For example, some things that money is good for include paying for airline airplane airline tickets, paying for rent, maybe paying your mortgage, buying a car, buying meat food and groceries at Costco, etc. 

Also money is good for paying for your Internet connection, preferably a gigabit fiber optic Internet connection, I just got thing.com connected at my apartment and I love it, and also using money to buy your digital camera, your iPad Pro or whatever.

So basically, the purpose of money is on one hand to acquire beneficial tools for you and your thriving.

As a creator, innovator, artist, certainly you need some tools. You need some sort of camera digital camera, some sort of computer laptop or iPad device, some sort of Internet connection or Wi-Fi network somewhere. And also you gotta eat; so certainly you got to spend some money on groceries food and meat, once again, Costco is a good bet because Costco doesn’t make a profit on their proceeds; they just make profits off of their membership. Therefore as consequence, you know that when you’re buying anything at Costco, you’re essentially paying rock bottom prices. 

How you could use your bitcoin to buy real life things

A very subtle and massively innovative thing is the Coinbase Visa debit card. Basically you could link it with your crypto account, and you could essentially pay for your trips to Costco or whatever using your bitcoin or your crypto balances. The reason why this is such a big deal is that the number one critique about bitcoin and crypto that people have is that you can’t Use it to buy real life things now you can.

Also, interesting innovations in the world of Jack Dorsey, Square, block.XYZ, the cash app, the bitcoin lightning network which makes it possible to send bitcoins and Satoshis in a fraction of a second. The reason why this is such a big deal is that now, you could use your bitcoin for real life transactions, pretty much instantaneously, if you want to.

---

So should I spend my bitcoins? 

Now this is the $10 trillion question; should you spend your bitcoins?

The first interesting thought is according to Michael Saylor, you should never spend a single bitcoin or a Satoshi. His idea is ideally you just keep borrowing Fiat money that, and hedge that against the historic rise of the price of bitcoin, and essentially forever maintaining your own lifestyle simply through debt.

To me, this is really fascinating, also not intuitive. For example if you could get a loan from the bank at 4%, 4.5%, 5% whatever, assuming that historically bitcoin value goes up 100% year over year, on average, Then if you think about the basic math, hundred percent versus 4%; you cannot lose.

I think the tricky thing here is patience, and thinking insanely long-term. Trying to think for at least 100 years into the future.

This is difficult because we humans are not programmed to think that far into the future. This is where it’s useful having children, because if you think about intergenerational wealth, creating your own family Empire, then what that means is you don’t just think about your kids, you think about your kids kids, or your kids kids kids.

This for my kids kids kids for when my kids kids kids have kids — Ye

---

Why build intergenerational wealth? 

I suppose this is where it is useful to think of like a philosopher, an emperor, a titan a tycoon etc. The basic idea is you don’t just think about yourself and your own life, you think about your future lineage.

No this is where things get interesting; why care about your own future lineage, if it is not you?

First, I think everyone should have at least one kid. Why? It transcends you.

It is impossible to convey the phenomenal amazingness of seeing your own blood child grow up, develop, gain greater intelligence, etc.

For example, Seneca at age 3 years, about two months old… His intelligence is getting out of control. And truth be told I think all kids are born geniuses, I really think that intelligence and knowledge in a kid is really 99.9% upbringing. It just depends on how much engagement and resources they get from their parents, their teachers etc.

 I was randomly reading a book by Plutarch on the art of child rearing. He brings up an interesting example from Lycurgus, one of the great Spartan kings in which he took two puppies from birth, separated them, had one raised hunting and strong, the other one living a pampered life of luxury. When the two dogs grew up, he then brought out a rabbit, a hare, and one of the dogs confidently demolished the rabbit, while the other pampered dog ran away in fear. Lycurgus then says —

“See! Both of these dogs were born from the same mother, yet how they were raised dramatically changed how they became.”

---

Think your future lineage

American Society is a bit strange; we are too individualistic, we are two into ourselves. I think the primary reason why a lot of people, young people or slightly older people no longer want to have kids is that it is a strange backwards myopic self interested idea:

I don’t want to have kids, because the kids will positively ruin my life.

This makes zero sense. In fact, having a kid is like having a mini clone of you. All of these silicon valley fools are trying to upload their consciousness to the cloud or live 1 trillion years or whatever; isn’t it just easier and more effective to have kids instead? 

Especially being a man, having at least one male son, one male air; I think any and each and every man, assuming that you have at least male son, you can die happy.

Once again, if you’re a man, and your first kid is a son; and fingers crossed your kid did not have any tragic mortality issues early on, consider yourself instantly blessed, life is all just upside from there, no downside. All the additional kids are just “BOGO” kids (buy one, get one free).

This is actually why I find it very impressive when people I know, or people I see, when they have multiple kids, and the oldest kid is a boy, it is truly a sign in a signal that they indeed do love kids, or wanted to have multiple kids. I always find it entertaining whenever I see families with two girls, three girls, four girls, or even five girls; it is a short tail sign that they were shooting for a boy, but eventually gave up. 

If you believe in Bitcoin it’s obvious. If you don’t believe in Bitcoin, maybe you shouldn’t be in the business. If you’re going to look me in the face and you don’t think Bitcoin is going to $1 million per coin and then $10 million per coin, I don’t think you should be a Bitcoin miner. I don’t think you should be a Bitcoin exchange. I don’t think you should be a Bitcoin wallet. I just don’t think you should be pure-play focused in the business at all, because you’re already a loser.

#

Typically, we put our money where our belief is 

…

#
Filthy

The Spartans grant permission to the Chians to be filthy.’10

“Are stones so scarce?”

When someone saw almonds of the hard sort11 selling at double the price of others, he
said, “Are stones so scarce?”

.

15 A man plucked a nightingale and finding almost no meat, said, “It’s all voice ye are, and naught else.”12

You are all voice, no meat

courage over skill

They appointed no trainers to instruct in wrestling so that the rivalry might not be in skill, but in courage.21 This is the reason why Lysanoridas, when he was asked how Charon had conquered him, said, “By his great resourcefulness

.

Neither

Philip wrote at the time when he entered their country, asking whether they wished that he should come as a friend or as a foe; and they made answer, “Neither.”

Friend or foe., neither,

–

Quick enough, brave enough.

Boy

become more manly!

Some people, encountering Spartans on the road, said, “You are in luck, for robbers have just left this place,” but they said, “Egad, no, but it is they who are in luck for not encountering us.”2

They are lucky for not encountering us!

**

How to be free

Womanish archer

Womanish Gun Owner

**

Guns are for weaklings

Maybe we should make hand-to-hand combat cool again

.

ships

In answer to the man who called Lampis36 of Aegina happy, because he seemed very rich in having many cargoes on the sea in ships, a Spartan said, “I do not pay much atten- tion to happiness that hangs by ropes!”

.

Throw up the peace sign!

“ What you wrote about, no”

When Philip of Macedon sent some orders to the Spartans by letter, they wrote in reply, “What you wrote about, ‘No.’ “4
.

Better to die than to live like a slave
.

Collections for the gods?

A Spartan, seeing a man taking up a collection for the gods, said that he did not think much of gods who were poorer than himself.

The gods are poor than you?

.

Never stay in the shade

There are certain things which are shameful

#

Die twice

Another, passing by a tomb at night, and imagining that he saw a ghost, ran at it with uplifted spear, and, as he thrust at it, he exclaimed, “Where are you fleeing from me, you soul that shall die twice

.

Another, in the thick of the fight, was about to bring down his sword on an enemy when the recall sounded, and he checked the blow. When someone inquired why, when he had his enemy in his power, he did not kill him, he said, “Because it is better to obey one’s commander than to slay an enemy..

.

Or energy?

**

Flowing from the analog world into the digital world?

Capital appreciation

Making money — what everyone wants to do with money

Money is capital

Convert analog wealth into digital wealth?

What kind of power do we want, when?

**

Liquid power in the form of oil, rocker feller

Digital power, digital power providers; bitcoin and mining

Weakness is the sole bad.

Anything which gives you more power is good,

52 weeks a year … just add 1 pound of muscle each and every week?

Seems doable …

Played outside linebacker sophomore year of high school, middle linebacker my junior year!

1.4 million bitcoins left —

As of January 2024, there are approximately 19.6 million bitcoins in circulation, with about 1.4 million bitcoins left to be mined until the maximum supply cap of 21 million is reached. The Bitcoin network releases new bitcoins about every 10 minutes with each new block mined, and this issuance rate is halved approximately every four years in an event known as “Bitcoin halving.” The most recent halving in May 2020 reduced the block reward to 6.25 bitcoins, and the next halving, expected in April 2024, will further reduce the reward to 3.125 bitcoins. This decreasing issuance rate contributes to Bitcoin’s scarcity, making it a deflationary asset over time.

It’s also important to consider the significant number of bitcoins that are lost due to reasons like unrecoverable wallets, forgotten wallets, deceased owners without shared private keys, and burnt coins, further contributing to Bitcoin’s scarcity. The exact number of lost bitcoins is challenging to quantify, but estimates suggest that a significant portion of the total supply may never be recovered or used again.

For more detailed insights on Bitcoin’s total supply, the process of halving, and its implications, you can refer to the information provided by Crypto News oai_citation:1,How many Bitcoins are there? | Bitcoin’s total supply and Crypto.com oai_citation:2,How Many Bitcoins Are There in Total?.

Not “pound for pound” or weight class …

Rock passion