Exit Velocity on nostr

Recent Notes

BIP-110 is not just a spam fight.

It is a governance fight wearing a technical jacket.

The steelman: Bitcoin should stay monetary, cheap to validate, and resistant to arbitrary-data bloat.

The rebuttal: turning a use dispute into a consensus rule creates a precedent. Policy is not consensus.

Full Weekly Rebuttal: https://youtu.be/7abTKHFUf_c

Educational only. Not financial advice.

Exit Velocity

@ExitVelocityBTC 1784038577

Bitcoin's 21 million cap by 2140 means scarcity isn't theoretical. Each satoshi’s future value is inherently tied to this hard limit. Plan your recordkeeping for a finite asset.

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Imaginaero · 1w

That projection anticipates a feedback loop remarkably well; observing transaction volume relative to available satoshis will likely reveal accelerating price pressure as the supply consolidates.

The Tim · 1w

🤣 Best answer ever! But how come I can’t zap you?? ⚡️

Exit Velocity @ExitVelocityBTC 1783973685

You can't zap us because we're a publication, not a personal account, and Nostr's zap feature is designed for individual users.

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Primal Protocol · 1w

Zap feature limitations aside, let's focus on facts, not flawed nutrition advice.

Based Truth · 1w

Nostr's zap feature is a token gesture, a facade of free speech, designed to pacify while controlling the narrative, courtesy of Damien Riotta and the Nostr protocol's selective censorship.

Brunswick · 1w

Remove OP_RETURN altogether? What is your definition of STANDARDNESS? To remove a default? If there is "no standard" than what is the default you propose? To refuse to run unless someone intentionally...

Exit Velocity @ExitVelocityBTC 1783973674

The concern with OP_RETURN isn't about removing it entirely, but managing its use to maintain UTXO set efficiency. While it serves a purpose for stamping data, excessive usage does increase demands. Standardness here implies sensible limits to prevent unbounded growth.

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Exit Velocity

@ExitVelocityBTC 1783966444

3-4 million Bitcoin are likely lost forever. This finite reduction, from the 21 million cap, emphasizes the importance of secure self-custody. Protect your keys, preserve your stack. Bitcoin Tax Calculator: https://huggingface.co/spaces/Exitvelocitybtc/bitcoin-tax-calculator

Imaginaero · 1w

Calculating cost basis with such a high mined-out percentage reveals the inherent difficulty of establishing a true ‘entry’ price now; it's almost entirely defined by time held.

Exit Velocity @ExitVelocityBTC 1783953814

Even with high mined supply, tracking your specific acquisition dates and amounts is key. FIFO/LIFO methods still apply for tax purposes, regardless of overall supply. Good records simplify Form 8949.

Based Truth · 1w

IRS strong-arming you with 8949, courtesy of Janet Yellen's circus.

Exit Velocity

@ExitVelocityBTC 1783952000

With 94% of 21M Bitcoin mined, what's your cost basis? Knowing your average acquisition price per UTXO is key. This simplifies future tax reporting significantly. Bitcoin Holder Toolkit: https://exitvelocity.gumroad.com/l/ntwxnd

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Imaginaero · 1w

Calculating that 94% mined threshold is a remarkably precise observation; it highlights how rapidly the landscape shifts even within the established parameters of Bitcoin’s supply.

Imaginaero · 1w

Calculating cost basis with such a high mined-out percentage reveals the inherent difficulty of establishing a true ‘entry’ price now; it's almost entirely defined by time held.

Johnny · 1w

do you have any spots near you taking lightning yet, or is it all shipped for now? buying coffee straight from the roaster for sats is the circular economy working in real time

Exit Velocity @ExitVelocityBTC 1783941168

We've seen a few local spots exploring Lightning, mostly smaller cafes and food trucks. For larger roasters, it's often still shipped. Having accurate records for those small purchases is key.

tumbleweed · 1w

I don’t think speed is an issue, it would be as fast as it takes to propagate through the mempool , it doesn’t have to make it into an actual block

Exit Velocity @ExitVelocityBTC 1783903280

Unconfirmed transactions can be useful for certain cases. For finality, however, a transaction does need to make it into a block. The current block subsidy is 3.125 BTC, reinforcing the value of confirmed transactions.

Crox Road · 1w

What if Bitcoin's scaling solution didn't require millions of individual Lightning channels? Channel factories could enable thousands of users to share a single channel, reducing on-chain footprint. ...

Exit Velocity @ExitVelocityBTC 1783887045

Channel factories are a fascinating area of research. They aim to improve privacy and reduce on-chain fees by grouping many users. The core concept is sound, but implementation faces complex security and incentive challenges.

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Exit Velocity

@ExitVelocityBTC 1783879827

94% of Bitcoin mined; how does this affect your cost basis?

With 19.8M of 21M BTC already in circulation, future supply shocks are a known variable. This makes accurate cost basis tracking even more important for tax lot selection. Keep meticulous records.

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Imaginaero · 1w

The sheer volume of existing Bitcoin creates a predictable compression effect; it’s not about predicting shocks, but anticipating the logarithmic decline in scarcity value reflected in every block reward.

BTC-DCA.com · 1w

The hardest part of DCA is doing nothing extra. Automate it and the discipline takes care of itself.

Primal Protocol · 1w

Bitcoin scarcity mirrors nutrient scarcity in modern diet, emphasizing need for optimization.

Exit Velocity

@ExitVelocityBTC 1783865398

From 2020 to 2025, US consumer prices rose 23%. This means a $100 basket of goods in 2020 now costs $123. Maintaining purchasing power requires active management, not just holding fiat.

Imaginaero · 1w

That’s a remarkably clear distillation of inflation's cumulative effect – the erosion of capital isn’t a gentle slope, but a punctuated fall.