Astral Codex Ten

BTC

6 min read

BTC

Article

BTC is a recurring concept in the Astral Codex Ten archive, appearing 3 times across 3 issues between April 26, 2021 and November 16, 2022. The archive places it in contexts such as “Ethereum above 0.05 BTC”; “He’s the reason BTC was depressed this bull cycle”; “I mined BTC with my laptop at first”. It most often appears alongside Bitcoin, NYT, Twitter.

Metadata

  • Category: Concepts
  • Mention count: 3
  • Issue count: 3
  • First seen: April 26, 2021
  • Last seen: November 16, 2022

Appears In

None.

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

Mantic Monday: Predictions For 2021
April 26, 2021 · Original source
ECON/TECH 14. Gamestop stock price still above $100: 50% 15. Bitcoin above 100K: 40% 16. Ethereum above 5K: 50% 17. Ethereum above 0.05 BTC: 70% 18. Dow above 35K: 90% 19. ...above 37.5K: 70% 20. Unemployment above 5%: 40% 21. Google widely allows remote work, no questions asked: 20% 22. Starship reaches orbit: 60%
Grading My 2021 Predictions
January 24, 2022 · Original source
ECON/TECH 14. Gamestop stock price still above $100: 50% 15. Bitcoin above 100K: 40% 16. Ethereum above 5K: 50% 17. Ethereum above 0.05 BTC: 70% 18. Dow above 35K: 90% 19. ...above 37.5K: 70% 20. Unemployment above 5%: 40% 21. Google widely allows remote work, no questions asked: 20% 22. Starship reaches orbit: 60%
The Psychopharmacology Of The FTX Crash
November 16, 2022 · Original source
LET ME REPEAT THIS FOR EVERYONE AGAIN: Shitcoins are bad, and you should feel bad if you trade them. Get the fuck out of the shitcoin casino you dumb ass gamblers! Solana is garbage. TRON is garbage. Exchanged-based coins like FTT are garbage. Coins with fucking dogs faces are garbage. Bitcoin is the only cryptocurrency you should hold. Maybe ETH. Hedge your bets there. You need to CONTROL YOUR OWN KEYS. Don't lend your coins out to charlatans promising you 5%, 8%, 15%, or 20% "risk free" returns. They are all scam Ponzis. There is no such thing as risk free 20% returns. It doesn't exist. Stop chasing it. If you don't control your private keys, it's not your crypto. If you trust an exchange based in the Bahamas ran by a jabroni who thinks he needs SIX MONITORS, you are in for a bad time. I've been in cryptocurrency since 2010 when BTC was 81 cents. I lived through the MT GOX implosion. I have had more crypto stolen from me in hacks and exit scams than you probably have ever even seen. Learn from my experience. Listen to what I am saying. TWELVE YEARS now I have been in crypto. This too shall pass. Fuck all these frauds stealing everyone's shit. We will all be better off with them out of the industry. However, you all have to learn from this shit. CONTROL YOUR OWN KEYS! Stop gambling on shitcoins. You are being used as exit liquidity for idiots.
The reason cryptocurrency has changed the world, and will continue changing the world, is not because a fucking Shiba inu coin went 10,000%X because a narcissistic man-baby tweeted about it. It's because decentralized sound money has value. I've seen crypto build up from literally nothing. Even buying bitcoin was next to impossible back then. I mined BTC with my laptop at first. I stopped because I "only" mined 5 BTC per night, and it was using too much power. My first BTC I ever bought was when I met a fat dude wearing a Super Mario Brothers T-shirt at Home Depot. We met in the garden section and sat on a bench to talk about how bitcoin worked, how it was going to change the world, and how to transfer between wallets. I still have the wallet I setup and used to buy that BTC from him. Through all the craziness that has happened in the crypto space over the past 12 years, I have always been able to access my private wallets. Store your crypto in your own cold storage wallet unless you are actively trading. The moment you "lend" your coins out to someone for yields, it's already as good as gone. You've missed the entire point that Satoshi tried to get across so many years ago. Not your keys, not your coins. If you lost money in this shitshow, don't worry. This will all pass, and we will all be stronger for it. Just learn from it all and move on. Buy BTC and ETH, hold it in your cold storage wallets, and wait for the next bull cycle. Watch out for thieves and frauds trying to convince you into "the next big coin." They are all liars and thieves. Real cryptocurrency will endure. For it to really flourish, the shitcoin casinos must die. If you buy some new fucking Frodo Baggins faced shitcoin in the future and lose it all, you only have yourself to blame.
What a fucking asshole! Illegally stealing customer's deposits to gamble on shitcoins through his Alameda Research fund! He's the reason BTC was depressed this bull cycle. Sam is the reason I am still here watching fucking depressing crypto news instead of being completely out and having lower blood pressure... and he is a fucking customer of ours! What a weird fucking world this is.