@sstackmore Profile picture

Steven Smith

@sstackmore

God. Fam. ₿itcoin. Miner. CEO, Celestial Mining Management

Joined June 2008
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Saylor is so far ahead in understanding that the only real yield or earnings is ₿ on chain. At Celestial, we have developed an accounting ERP system for businesses who do understand this.

Last week, $MSTR's treasury operations delivered a BTC Yield of 12.3%, providing a net benefit of ~40,738 BTC to our shareholders, or ~5820 BTC per day. At $93.5K per BTC, that would equate to $3.8 billion for the week, or $544 million each day.



Steven Smith Reposted

Since we have a lot of new people from tradfi here these days I think this bares repeating. If you haven’t.. 1. Made transactions 2. Taken custody of your keys 3. Ran your own a node Then you haven’t yet performed even the most basic due diligence on your investment.


Have always felt this way about patents. Seems like only people who have few or no ideas of their own care about patents. If you are a true fountain of ideas, ideas are not scarce. The know how, structure, and capitalization to realize them is much more valuable.

Only patents for things that are super expensive to prove work, but are then easy to manufacture (like stage 3 drug trials) have any merit



Money and capital is a tool to accomplish things. Not an end in itself. And the most visionary things like colonizing Mars are things no one with capital will “invest” in. You must accumulate the resources under your control and direct them accordingly.

That is how I would do it. Powered by your own resources and the blessing of the Almighty. I was too busy carousing in my 20s and too proud to sweep the floors at PayPal when I met your guys in Anguilla in 2000. Now playing catch up.



Steven Smith Reposted
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You cannot stick a Lamborghini engine in a Corolla and expect to win formula one even with the best driver.


This is when the late majority arrives.

Bitcoin will have a one time 100,000,000 for 1 split around the time we pass $1M. Then “bitcoin” will start a new price regime at $0.01. The jump to $0.02 will be fast. It will no longer be “too expensive” for the people who don’t understand it.



Bitcoin will have a one time 100,000,000 for 1 split around the time we pass $1M. Then “bitcoin” will start a new price regime at $0.01. The jump to $0.02 will be fast. It will no longer be “too expensive” for the people who don’t understand it.

If you buy 1 bitcoin on an exchange (or buy 1 bitcoin directly to cold storage at @unchainedcom), you're not actually buying 1 bitcoin. You're buying 100,000,000 bitcoins. Values in bitcoin are something called 64-bit integers, where 1 coin is represented within Bitcoin Core,…



For people who do not understand how @elonmusk thinks, boring tunnels will be essential to the Mars colony. These things will ride starship to Mars eventually.

Prufrock-3 undergoing final checks on “The Monster.” Once complete, Prufrock-3 will launch directly into the ground and start digging - zero civil site prep needed!

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Steven Smith Reposted

Money is whatever people use as money. What you can legally force a lender to accept in payment -- that is legal tender. Bitcoin is not yet suitable for settling dollar liabilities without consent of both parties. Bitcoin liabilities however can only be settled in bitcoin.


Can we just freeze exchange rate here around $100k for a good long while? It makes mental math conversions so much easier!!!


My 8th grader made me this nice custom keyboard for my birthday. It’s really cool and heavy. Metal base and frame. Keys are so smooth. Only one “clacks” — the space bar, otherwise butter soft and silent. But you can do anything. He’s looking for clients. Accepts bitcoin.

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Steven Smith Reposted

Buying/staying in bitcoin is answering the question of "Would you like to buy this?" with "No." What is the value of being able to say "No"?


We could have this again!

For most of our country’s history the federal government was funded by tariffs, there was no income tax, the budget was (mostly) balanced, and federal spending was less than 10% of GDP.

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I have explained bitcoin's growth via the technology adoption curve for over 5 years but this curve can be misleading when trying to relate to the value or price of bitcoin in dollar terms. Many think we are in a regime of declining cycle "returns" and rely on curve fitting and…


What if the last epoch was the "moderate" cycle in the middle of a rotated S-curve which begins and ends vertically? There is no top.


Every four years it becomes harder to stack a bitcoin. You must provide 10X more value to the world. It challenges you to become that much better! Are you improving 10X every four years?


Steven Smith Reposted

Imagine if we were to consider and reconsider all of the required functions of government using a blank-sheet-of-paper approach and then rebuild from the ground up the necessary agencies to fulfill these requirements, bearing in mind the technologies available today, ie, AI and…


Had a dream I was at a party hosted by Elon Musk and some gal who was like his financial advisor/assistant. They were doing some kind of mixology science experiment that resulted in a presumably alcoholic drink for the party goers. I don’t think he drinks. She says he hired her…


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