BITCOIN JOURNAL 003
The Bitcoin Journal: Weekly Wrap
You know itâs been an interesting week in Bitcoin when weâre talking about football stadiums filling with water and aunts potentially becoming uncles (more on that wild analogy later). Letâs dive into this weekâs philosophical musings and mathematical meanderings in the world of Bitcoin.
Letâs start with a mind-bending revelation: that $300 worth of bitcoin today could potentially be worth $300,000 in 2068. Speaking as someone who still has a gift card from 2015 gathering dust in a drawer somewhere, the real challenge isnât buying â itâs remembering where you put your digital gold! Pro tip: Maybe donât store your seed phrase in the same place as those âIâll definitely use these somedayâ gift cards.
The weekâs posts took an interesting turn with a lesson in exponential growth, comparing Bitcoin adoption to a football stadium filling with water. After 45 minutes, itâs only 7% full, but somehow manages to completely fill up in the last 5 minutes. Kind of like my coffee consumption during deadline week â starts slow, ends in a caffeinated tsunami.
A particularly sobering moment came when discussing UTXO management. Jor learned the hard way that ignoring UTXOs cost them 225,000 sats. Thatâs like discovering those coins in your couch cushions are actually rare collectibles â except in reverse. Remember folks: what seems like pocket change today might be a down payment on a Mars condo tomorrow.
Pro Tip: If âUTXO managementâ sounds as appealing as dental surgery, start small. Use Sparrow wallet and pretend youâre playing Tetris with your Bitcoin â the goal is to keep things neat and consolidated
We tackled the perpetual âwhat ifâ questions that plague bitcoin skeptics. As the great philosopher Don Cherry wisely noted, âIf my aunt had nuts, sheâd be my uncle.â Sometimes the biggest risk isnât in taking action, but in sitting on the sidelines wondering âwhat if?â
Finally, we concluded with a deeper reflection on bitcoin as an intelligence test. Itâs not about raw IQ points â itâs about understanding the value of proof of work and playing the long game. Think of it as planting a digital tree whose shade you might not sit under, but whose fruits might just change the world.
Quick Wisdom: Start stacking sats today, manage those UTXOs wisely, and remember â sometimes the smartest thing you can do is stop asking âwhat ifâ and start asking âwhy not?â
Personal Note: Reading through these posts, I canât help but notice they possess the same infectious enthusiasm as my grandfather had when he tried explaining why his vintage stamp collection would one day make us all millionaires. The difference? Bitcoin actually might.
Letâs keep stacking the sats so we can all live on the same block in Mars.
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