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2024-11-23 17:12:13The Bitcoin Journal: Weekly Wrap You know it's been an interesting week in Bitcoin when we're talking about football stadiums filling with water and aunts potentially becoming uncles (more on that wild analogy later). Let's dive into this week's philosophical musings and mathematical meanderings in the world of Bitcoin. Let's 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 isn't buying – it's remembering where you put your digital gold! Pro tip: Maybe don't store your seed phrase in the same place as those "I'll definitely use these someday" gift cards. The week's posts took an interesting turn with a lesson in exponential growth, comparing Bitcoin adoption to a football stadium filling with water. After 45 minutes, it's only 7% full, but somehow manages to completely fill up in the last 5 minutes. Kind of like my coffee consumption during deadline week – 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. That's like discovering those coins in your couch cushions are actually rare collectibles – except in reverse. Remember folks: what seems like pocket change today might be a down payment on a Mars condo tomorrow. Pro Tip: If "UTXO management" sounds as appealing as dental surgery, start small. Use Sparrow wallet and pretend you're playing Tetris with your Bitcoin – the goal is to keep things neat and consolidated We tackled the perpetual "what if" questions that plague bitcoin skeptics. As the great philosopher Don Cherry wisely noted, "If my aunt had nuts, she'd be my uncle." Sometimes the biggest risk isn't in taking action, but in sitting on the sidelines wondering "what if?" Finally, we concluded with a deeper reflection on bitcoin as an intelligence test. It's not about raw IQ points – it's 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 – sometimes the smartest thing you can do is stop asking "what if" and start asking "why not?" Personal Note: Reading through these posts, I can't 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. Let’s keep stacking the sats so we can all live on the same block in Mars. In addition to the Daily Bitcoin Journal, we have a live show on YouTube every morning at 9am EST! The show is called the Daily Bitcoin Journey and it’s focused on actionable and logical discussion for bitcoiners AND future bitcoiners! You can find the show here on the 88 SATS Radio Channel! Consider stopping by sometime and join us in the live chat! Jor 871644