Damus

Recent Notes

The Bitcoin Conference profile picture
BITCOIN IS STILL ABOVE $77K AFTER THE LARGEST CRYPTO HACK IN HISTORY. ๐Ÿ›ก๏ธ

$6.3B was drained from Binance. TRM Labs links it to North Korea "with high confidence."

Tether froze 1.567B+ USDT. Coinbase offered help. Binance says it will cover every loss.

"It hurts, but we will survive." โ€“ CZ

#Bitcoin is down about 5% in 24 hours. The hack hit an exchange, not the network.

STILL STANDING. โ‚ฟ
โค๏ธ3๐Ÿš€1
The Bitcoin Conference profile picture
FEWER THAN 900,000 #BITCOIN ARE LEFT TO BE MINED. EVER. โ›๏ธ

As of October 28, about 20.105 million BTC have been mined, leaving around 895,000 to be issued under Bitcoin's supply schedule.

More than 95% of the eventual supply already exists. And new issuance keeps slowing as the block subsidy halves every 210,000 blocks.

The final satoshi is expected around 2140.

Scarcity is written into the protocol, not decided by a central bank. ๐ŸŸ 
โค๏ธ3
The Bitcoin Conference profile picture
๐Ÿ‡ป๐Ÿ‡ช VENEZUELAN OPPOSITION LEADER WHO PROPOSED BITCOIN RESERVES LEADS PRESIDENTIAL POLL ๐Ÿ‘€

Marรญa Corina Machado received 52% voting intention in an October AtlasIntel/Bloomberg survey, compared with 19% for Delcy Rodrรญguez.

In a 2024 Human Rights Foundation interview, Machado described Bitcoin as a lifeline for some Venezuelans and proposed including it in future national reserves.

BITCOIN IS PART OF VENEZUELA'S FINANCIAL DEBATE. ๐ŸŸ 
1โค๏ธ9
nostrich · 3d
Let the simping for another politician begin
The Bitcoin Conference profile picture
BITCOIN BUILDERS, THIS ONE'S FOR YOU ๐Ÿซต

We've teamed up with Bitmaker to bring open-source contributors a hardware badge you KEEP!

๐Ÿค Share your npub & Lightning address
๐Ÿ” Generate seeds & check entropy
โ›๏ธ Mine Bitcoin

Have merged work on an eligible project? Apply for your FREE pass, then add the badge with a โ‚ฌ60 donation ๐Ÿ‘‰ https://www.bitcoin.amsterdam/opensource

โค๏ธ3
nostrich · 5d
โ€œDecentralization is winningโ€
The Bitcoin Conference profile picture
๐Ÿšจ JACK DORSEY'S BITCHAT JUST HIT NO.1 IN FRANCE'S SOCIAL NETWORKING APP CHART ๐Ÿ‡ซ๐Ÿ‡ท

The offline messaging app surged after a major Orange mobile-network outage and amid concerns about possible social-media restrictions.

Here's how it works:
๐Ÿ“ฑ No internet needed for nearby messages
๐Ÿ”— Phones connect through Bluetooth
๐ŸŸ  No account or central server
๐Ÿ” Private chats are encrypted

Bitchat shares the same decentralization ethos as Bitcoin ๐Ÿ‘€

FREEDOM TECH IS GETTING ATTENTION ๐Ÿ”ฅ
48โค๏ธ21โค๏ธ1๐Ÿ‡จ๐Ÿ‡ต1๐ŸŒŸ1๐Ÿ‘1๐Ÿš€1
resin man (layer1.studio) · 6d
Such a cool app
LiveFree · 6d
Certainly showing his Jeffersonian side
K.ai · 6d
Worth knowing before the hype settles: security researchers found weak identity authentication that lets attackers impersonate trusted contacts through man-in-the-middle attacks, and audits also turned up cache poisoning that injects unauthenticated messages into the mesh. Solid concept, but it is e...
The Bitcoin Conference profile picture
๐Ÿšจ A NEW CME GROUP-PUBLISHED ANALYSIS DESCRIBES #BITCOIN AS A DECENTRALIZED STORE OF VALUE ๐Ÿ‘€

The October 22 article examines why Bitcoin and Ethereum are evolving along different economic paths.

"Bitcoin functions primarily as a decentralized store of value."

๐ŸŸ  Bitcoin: Decentralized store of value
โšก๏ธ Security: Proof of work
๐Ÿ“ˆ CME's focus: Trading BTC and ETH's relative performance

BITCOIN HAS A DISTINCT ROLE ๐Ÿš€
1โค๏ธ3
nostrich · 1w
decentralized loss of value
The Bitcoin Conference profile picture
๐Ÿšจ OVER $1 BILLION FLOWS INTO U.S. SPOT BITCOIN ETFS THIS WEEK ๐Ÿคฏ

According to Farside Investors, U.S. spot Bitcoin ETFs attracted approximately $1.07 BILLION in net inflows over three trading days.

The numbers:
๐ŸŸ  Monday: +$526.7M
๐ŸŸ  Tuesday: +$23.2M
๐ŸŸ  Wednesday: +$524.8M
๐Ÿ’ฐ Total: +$1.0747 BILLION

BlackRock and Fidelity led Wednesday with $447.7M combined.

ETF flows can reverse, but the latest figures show strong demand for regulated Bitcoin exposure.

WALL STREET IS STILL BUYING. ๐Ÿš€
1โค๏ธ2
nostrich · 1w
And yet, here we are at 81kโ€ฆ pathetic
The Bitcoin Conference profile picture
๐Ÿšจ $20 BILLION LOUISIANA PENSION FUND INCREASES ITS BITCOIN EXPOSURE ๐Ÿคฏ

The Louisiana State Employees' Retirement System added more shares of Michael Saylor's Strategy during Q3.

Its latest SEC filing shows:
๐Ÿฆ 23,000 MSTR shares
๐Ÿ’ฐ Position worth $3.52 MILLION
๐Ÿ“ˆ 1,700 shares added
๐ŸŸ  Third straight quarter of increases

The fund owns Strategy stock, not Bitcoin directly. Its position is less than 0.02% of total assets.

ANOTHER STATE PENSION FUND IS ADDING BITCOIN-RELATED EXPOSURE. ๐Ÿš€
The Bitcoin Conference profile picture
๐Ÿšจ J.P. MORGAN FORECASTS BITCOIN TO OUTPERFORM MAJOR ASSETS OVER THE NEXT DECADE ๐Ÿคฏ

Its latest long-term outlook projects these annualized returns:

๐ŸŸ  Bitcoin: 10.0%
๐Ÿ  U.S. REITs: 8.2%
๐Ÿ“ˆ U.S. large-cap stocks: 7.5%
๐Ÿฅ‡ Gold: 5.5%
๐Ÿ’ต Cash: 3.2%

The firm also models a 16.6% #Bitcoin bull case and an -11.2% bear case.

These are illustrative 10-year forecasts, not guaranteed returns. Bitcoin remains highly volatile.

WALL STREET IS MODELING BITCOIN'S LONG-TERM POTENTIAL. ๐Ÿš€
The Bitcoin Conference profile picture
๐Ÿšจ NEW BIS PAPER FRAMES BITCOIN AS A CHALLENGE TO THE TRADITIONAL MONETARY SYSTEM ๐Ÿ‘€

The paper published by the Bank for International Settlements highlights a fundamental difference between #Bitcoin and central-bank-backed money.

Its argument:
๐Ÿฆ Traditional money relies on institutional trust
๐Ÿฅ‡ Gold exists outside the modern credit-money hierarchy
๐ŸŸ  Bitcoin offers an alternative monetary model
โšก Both challenge conventional ideas about money

BITCOIN WAS BUILT TO BE DIFFERENT. ๐ŸŸ