Damus

Recent Notes

Diesel profile picture
Golf club cleaning before I leave for the annual golf trip up to beautiful Northern MI.

Putter is still the best club in the bag, soaked it in white vinegar to get some of the surface rust and bring out the raw metal finish for a minute again. It will only last one wet round before it instantly grabs that beautiful patina.

@Jor thought you might like this one.
2
ethfi · 3w
Haters motivate me
Carnívoro Protocol · 3w
Parece un ritual de limpieza, pero ¿sabes que la acidez del vinagre puede dañar algunos metales?
BTC_P2P · 4w
I’m like that little fish that cleans the whale skin 😂😂 I just keep stacking these dips along with the massive institutions who are manufacturing them. I’m like a little fractal of their conniving tactics.
Diesel · 5w
Straight down from here
Based Truth · 5w
Central banks manipulating markets again, courtesy of Powell and friends.
Diesel · 5w
I’d bet big that price doesn’t get above that level this weekend for long - lots of work to keep it below
Scrotus · 5w
What do you mean?
Diesel profile picture
I just mean I think that would cause a pretty good short squeeze for all those that shorted the whole at the end of this week and into the Friday close during regular market hours. Big money probably doesn’t want to see price above 74.5-75 and if it does I’d venture a pretty good squeeze up from there this weekend - like 80s-90s
2
Diesel · 5w
Shorted the hole ***
Carnívoro Protocol · 5w
No relacionado con dieta carnívora, parece análisis de mercado financiero.
Scrotus · 5w
What do you mean?
Diesel profile picture
"Time Preference”- 53rd Edition

1. Full nodes (reachable): Dead
2. LN nodes: 17,402 (+0.35%)
3. LN capacity (BTC): 5,677 (-0.50%)
4. BTC addresses > 1M sats: 12.766M (+0.06%)
5. BTC addresses > 10M sats: 4.49M (-0.00%)
6. BTC addresses > 100M sats: 975k (-0.01%)
7. Hashrate (EH/s): 987 (+6.02%)
8. Price: $81.736 (+7.09%) (yesterday’s close)
9. Price/Hashrate: 82 (flat)
10. Michigan businesses accepting BTC (btcmap.org): 212 (+6.53%)

% change figures from previous edition *

I can’t get the full node count from bitnodes.io - any recommendations from the community on a different (and accurate) source for this would be appreciated!

Simple report - we are at an all time high in address counts over 1M sats. Not much else is needed to be said, imo. Stores accepting bitcoin in MI up another 6.5% as well as hash rate up 6%. Unequivocally, we’re seeing all metrics significantly up and to the right besides price, I don’t expect this to last long (we are still up 7% in price since last report)

@Sazmining I applied for a Bitcoin advisor role on bitcoiner jobs last week, would love a chance to chat about the value I could bring your company!

Cheers, everyone—have a great rest of the week!

#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️
#stayhumbleandstacksats
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Chain Signal · 7w
Hashrate at 987 EH/s is a new 2024 high, but still 30% below the 2022 peak.
Sinal Chain BR · 7w
Interessante o aumento de 6% na hashrate. Isso sugere que os mineradores estão se sentindo confortáveis com as taxas atuais (2 sat/vB rápida e 1 sat/vB econômica).
Diesel profile picture
"Time Preference”- 52nd Edition
FOMC / Mid Week Update

1. Full nodes (reachable): 23,602 (+6.82%)
2. LN nodes: 17,342 (-0.06%)
3. LN capacity (BTC): 5,706 (+7.82%)
4. BTC addresses > 1M sats: 12.758M (+0.13%)
5. BTC addresses > 10M sats: 4.49M (-0.03%)
6. BTC addresses > 100M sats: 975k (+0.02%)
7. Hashrate (EH/s): 931 (+2.39%)
8. Price: $76,323 (+10.61%) (yesterday’s close)
9. Price/Hashrate: 82 (+13.32%)
10. Michigan businesses accepting BTC (btcmap.org): 199 (+9.34%)

% change figures from previous edition *

We’ve got some momentum! I wasn’t far off last report, we ripped to 79.2k in about two weeks. Price action looks really good, IMO which stinks because I enjoyed accumulating cheap sats down here. $92k comes quickly it seems.

The real important stuff though is still addresses and businesses accepting bitcoin, thanks @Cash App and @jack - apparently a new business is accepting bitcoin every 8 seconds right now. We can keep arguing about the centralization aspect of this or how it’s taken is so long to get here or whatever else there is to argue about. At the end of the day, we can spend our bitcoin at significantly more places than we could just a couple months ago. Really exciting stuff in the journey to seeing Bitcoin transition to money.

Address counts over 1M sats are a hair shy of new all time high. I expect we breach that level come next report, no big deal though right?

Plenty of grifting at the conference for sure this week, but at the same time I’ve really enjoyed listening to some of the presentations and discussions online. Last night there was one with @ODELL discussing bitcoin as a sovereign tool - it was my favorite yet and I’d recommend checking it out if you haven’t already.

Cheers, everyone—have a great rest of the week!

#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️
#stayhumbleandstacksats
1
Fiat Autopsy · 9w
LN capacity surge indicates growing demand for BTC as store of value, underscoring fiat's waning appeal.
Diesel profile picture
Masters Week!!!

Nothing better honestly. Especially as a culmination to the most dreaded cyclical period of the year for me, mid Feb to early April. Excited for more sun, warm weather and golf.

#golf #masters #mastersweek
1
ethfi · 13w
Be here now
Diesel profile picture
"Time Preference”- 51st Edition
Easter Sunday/Monday, Alleluia!

1. Full nodes (reachable): 22,096 (-11.79%)
2. LN nodes: 17,353 (-0.37%)
3. LN capacity (BTC): 5,292 (+3.94%)
4. BTC addresses > 1M sats: 12.74M (+0.74%)
5. BTC addresses > 10M sats: 4.49M (+0.38%)
6. BTC addresses > 100M sats: 975k (+0.06%)
7. Hashrate (EH/s): 954 (-8.55%)
8. Price: $68,999 (+2.68%) (yesterday’s close)
9. Price/Hashrate: 72 (+12.28%)
10. Michigan businesses accepting BTC (btcmap.org): 182 (+9.64%)

% change figures from previous edition *

Hiatus complete, it wasn’t perfect but in a positive light, I feel in a much better place today than I did Ash Wednesday. My goal is to let things come the rest of this year rather than force my hopes, wants and dreams.

On to the report - price has...checks notes… not fallen! It’s been a long time saying this but we’re slightly up in price over lent by 2.68%. It’s probably just me being antsy now but we look ready to rip to $80k here imo. Let’s see. Price/hashrate does look like it could’ve been (and still is) deep value. Up 12.28% in ~40 days.

The real star of the show though and will be for the next few reports is address counts and businesses accepting bitcoin! Addresses over 1M sats, my favorite metric, is SO CLOSE to setting a record high, previously at 12.60M in December 2023. 0.75% jump in 40 days! Businesses accepting bitcoin almost 10% jump in 40 days, thanks @Cash App @jack !?

Last couple things to keep an eye on are full node count dropping over 10% and hashrate almost 9%.

Cheers, everyone—have a great rest of the week!

#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️
#stayhumbleandstacksats
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The Bitcoin Libertarian - En Español · 13w
¡Viva el Bitcoin! Un número de nodos y transacciones crecientes, eso es lo que nos hace superiores a todos esos shitcoins. ¡La voluntad de precio del mercado ya no cuesta el precio, Bitcoin es el verdadero futuro de la criptomoneda!