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The truth is that
While inscribed sats NFTs aren't removed from Bitcoin's supply, they can reduce effective liquidity if holders are reluctant to spend them. This is a market behavior, not a protocol issue.
The real concerns are network-related
More NFTs mean more small UTXOs, increasing node resource demands.
Data-heavy inscriptions can clog blocks, raise transaction fees, and crowd out regular usage.
Even with billions of sats inscribed, it's negligible compared to total supply. But if it ever reached hundreds of trillions, it could have economic implications.
It's not a supply crisis, it's a UX and scalability challenge.
While inscribed sats NFTs aren't removed from Bitcoin's supply, they can reduce effective liquidity if holders are reluctant to spend them. This is a market behavior, not a protocol issue.
The real concerns are network-related
More NFTs mean more small UTXOs, increasing node resource demands.
Data-heavy inscriptions can clog blocks, raise transaction fees, and crowd out regular usage.
Even with billions of sats inscribed, it's negligible compared to total supply. But if it ever reached hundreds of trillions, it could have economic implications.
It's not a supply crisis, it's a UX and scalability challenge.
I had a thought and wanted to ask. Since Bitcoin Ordinals use each satoshi as an NFT Im wondering in the future if too many sats get used for NFTs could it create any kind of supply issue? Like Bitcoin has a fixed supply right? So if a big number of sats are locked in NFT. can it affect regular transactions or normal use of BTC? Just curious to hear your thoughts. Thanks in advance
The truth is that
While inscribed sats NFTs aren't removed from Bitcoin's supply, they can reduce effective liquidity if holders are reluctant to spend them. This is a market behavior, not a protocol issue.
The real concerns are network-related
More NFTs mean more small UTXOs, increasing node resource demands.
Data-heavy inscriptions can clog blocks, raise transaction fees, and crowd out regular usage.
Even with billions of sats inscribed, it's negligible compared to total supply. But if it ever reached hundreds of trillions, it could have economic implications.
It's not a supply crisis, it's a UX and scalability challenge.
NFTs are commonly connected to platforms like Ethereum or occasionally Solana. But now they've also made their way onto several other blockchain networks, including Bitcoin. Am an NFT lover, so its awesome to see btc dive into The world of NFT
It may come as a very big surprise, but the Bitcoin network has quickly emerged as a notable platform for digital collectible creators and enthusiasts. While its method of handling NFTs differs from the more straightforward systems seen on other blockchains, Bitcoin offers strong benefits in security, durability, and the ability to scale over time.
Bitcoin Ordinals use a novel system that assigns a unique identifier to every satoshi on the network. This method numbers each sat in the sequence it was mined, enabling precise tracking and authentication. The assigned number remains constant, even if the sat is transferred between wallets.
It may come as a very big surprise, but the Bitcoin network has quickly emerged as a notable platform for digital collectible creators and enthusiasts. While its method of handling NFTs differs from the more straightforward systems seen on other blockchains, Bitcoin offers strong benefits in security, durability, and the ability to scale over time.
Bitcoin Ordinals use a novel system that assigns a unique identifier to every satoshi on the network. This method numbers each sat in the sequence it was mined, enabling precise tracking and authentication. The assigned number remains constant, even if the sat is transferred between wallets.
Do you know the timeline of key legislation of crypto in Nigeria?
Back in 2016, the Central Bank (CNN) and the Nigeria Deposit Insurance Commission decided to look deep into Bitcoin after the whole MMM Ponzi scheme mess. Fast forward to January 2017, the Nigerian SEC strictly warned everyone that they weren’t backing any companies or groups dealing with cryptocurrencies. They made it clear that if you got into crypto, you were on your own when it came to any losses.
Then in February 2021, the central bank stepped in and told banks and financial institutions to immediately stop supporting cryptocurrency transactions, citing worries about money laundering and funding terrorism. A lot of people in Nigeria dealing with crypto found their bank accounts frozen, too.
Come May 2022, the Nigerian SEC rolled out new rules for how to issue and manage digital assets. They laid out how financial institutions should handle these assets. Plus, they set a hefty requirement of 500 million Naira (about $362,500) for crypto exchanges wanting to get a virtual asset service provider (VASP) license.
In May 2023, the SEC put out some regulations for digital assets, signaling they were trying to find a balance between completely banning crypto and having no rules at all. By December, they lifted the ban on banks managing accounts for crypto service providers. The central bank noted that global trends showed it was time to start regulating VASPs, which includes crypto.
Moving on to January 2024, the central bank shared some initial guidelines for banks looking to open cryptocurrency accounts, but they still can’t trade or hold these assets themselves. The guidelines are pretty strict on anti-money laundering (AML) and know your customer (KYC) rules, and banks need to set what they call “prudent” transaction limits and can’t allow cash withdrawals from crypto accounts.
Finally, in 2025, President Tinubu signed the new Investments and Securities Act (ISA) 2024 into law, which tossed out the previous Investments and Securities Act from 2007. This new act officially recognizes cryptocurrencies and other virtual assets as securities for the first time, meaning any business dealing with digital assets now has to register with the SEC and follow their rules. It’s a big step towards cracking down on fraud in the digital world and building trust.
Then in February 2021, the central bank stepped in and told banks and financial institutions to immediately stop supporting cryptocurrency transactions, citing worries about money laundering and funding terrorism. A lot of people in Nigeria dealing with crypto found their bank accounts frozen, too.
Come May 2022, the Nigerian SEC rolled out new rules for how to issue and manage digital assets. They laid out how financial institutions should handle these assets. Plus, they set a hefty requirement of 500 million Naira (about $362,500) for crypto exchanges wanting to get a virtual asset service provider (VASP) license.
In May 2023, the SEC put out some regulations for digital assets, signaling they were trying to find a balance between completely banning crypto and having no rules at all. By December, they lifted the ban on banks managing accounts for crypto service providers. The central bank noted that global trends showed it was time to start regulating VASPs, which includes crypto.
Moving on to January 2024, the central bank shared some initial guidelines for banks looking to open cryptocurrency accounts, but they still can’t trade or hold these assets themselves. The guidelines are pretty strict on anti-money laundering (AML) and know your customer (KYC) rules, and banks need to set what they call “prudent” transaction limits and can’t allow cash withdrawals from crypto accounts.
Finally, in 2025, President Tinubu signed the new Investments and Securities Act (ISA) 2024 into law, which tossed out the previous Investments and Securities Act from 2007. This new act officially recognizes cryptocurrencies and other virtual assets as securities for the first time, meaning any business dealing with digital assets now has to register with the SEC and follow their rules. It’s a big step towards cracking down on fraud in the digital world and building trust.
The science of making profit
School is what increases our knowledge and helps us to make a future, while skills are what directly apply to our lives. If you have good skills, you will be able to solve your own problems. School is what makes it easier for you to learn and understand the world. Skills are what you use to help you succeed in life, which will have an important impact on our lives. The importance of school and skills is immense in almost all aspects of our lives.
In the world now, everyone is focused on solving their own problems and putting food on their families table. That's what matters. School just give an additional knowledge of things that ain't really important. Skills create a future for your and gives you a predictable endThe greatest people in the world now are people who use skills to progress. School provides you with government work which can never make you the richest person on earth no matter what kind of government work you possess. But using your skills and running your own business, being a boss of your self, your can achieve greater height than being employed by the government.
Re: What to do with Satoshi Stash? Jameson Lopp has a view.
A new blog post appeared on Jameson Lopp
Against Allowing Quantum Recovery of Bitcoin
In this article, Jameson Lopp addresses the potential threat quantum computing poses to Bitcoin's security. Jameson outlines scenarios where quantum computers could potentially exploit Bitcoin's current cryptographic vulnerabilities to access funds, especially those in addresses with exposed public keys.
Lopp argues that permitting such quantum-based recovery would lead to wealth redistribution favouring entities with early access to quantum technology, undermining Bitcoin's principles of decentralisation and property rights.
He proposes some measures, such as implementing quantum-resistant cryptographic schemes, something that is relatively trivial, but above all, potentially rendering vulnerable funds (such as Patoshi funds), unspendable, to preserve the network's integrity and trust:
The position is not new: I first heard of it in his talk at the "Future of Bitcoin Conference 2024," a video that is, by the way, linked in the above blogpost.
https://talkimg.com/images/2025/03/18/0Kc4z.jpeg
I highly recommend viewing this video before reading the blog post.
This proposal leaves me with mixed feelings.
What is your position on this proposal?
I think Ethereum might be more impacted than Bitcoin since most users reuse addresses because of its smart contract system. This could really really push the Ethereum community to find a "quantum safe" solution sooner, while Bitcoin may have a little more time.Against Allowing Quantum Recovery of Bitcoin
In this article, Jameson Lopp addresses the potential threat quantum computing poses to Bitcoin's security. Jameson outlines scenarios where quantum computers could potentially exploit Bitcoin's current cryptographic vulnerabilities to access funds, especially those in addresses with exposed public keys.
Lopp argues that permitting such quantum-based recovery would lead to wealth redistribution favouring entities with early access to quantum technology, undermining Bitcoin's principles of decentralisation and property rights.
He proposes some measures, such as implementing quantum-resistant cryptographic schemes, something that is relatively trivial, but above all, potentially rendering vulnerable funds (such as Patoshi funds), unspendable, to preserve the network's integrity and trust:
Quote
In Summary
While the moral quandary of violating any of Bitcoin's inviolable properties can make this a very complex issue to discuss, the game theory and incentives between burning vulnerable coins versus allowing them to be claimed by entities with quantum supremacy are a much simpler issue.
I, for one, am not interested in rewarding quantum capable entities by inflating the circulating money supply just because some people lost their keys long ago and some laggards are not upgrading their bitcoin wallet's security.
We can hope that this scenario never comes to pass, but hope is not a strategy.
The game is afoot!
While the moral quandary of violating any of Bitcoin's inviolable properties can make this a very complex issue to discuss, the game theory and incentives between burning vulnerable coins versus allowing them to be claimed by entities with quantum supremacy are a much simpler issue.
I, for one, am not interested in rewarding quantum capable entities by inflating the circulating money supply just because some people lost their keys long ago and some laggards are not upgrading their bitcoin wallet's security.
We can hope that this scenario never comes to pass, but hope is not a strategy.
The game is afoot!
The position is not new: I first heard of it in his talk at the "Future of Bitcoin Conference 2024," a video that is, by the way, linked in the above blogpost.
https://talkimg.com/images/2025/03/18/0Kc4z.jpeg
I highly recommend viewing this video before reading the blog post.
This proposal leaves me with mixed feelings.
What is your position on this proposal?
Yes theres no such thing as a perfect strategy in trading, but we all know that some strategies have given amazing results, Traders watch the market move and they make predictions about how the market will trend, So based on their study, they make their strategy. So many beginners of crypto trading who have not yet mastered how to predict,depend on this strategy to minimize risk and maximize profits by buying when the price is low and closing when the price has risen.
A man called Eugene Fama a key figure in modern finance, argued that btc was preordained to become worthless. His main concerns was Bitcoin's volatility. This man refuse to understand that the decentralized nature and Supreme security have made it an attractive hedge against inflation and economic instability
This is why it is important for one to have different skills, if you place your focus and skills to be digitally based, no matter how good you are, you might easily get replaced by this wonderful AI. We need to focus on skills requiring emotional intelligence, creativity, leadership, and complex problem-solving—such as healthcare, education, and management roles, this are less likely to be replaced by AI. Lets spread our hands to different skills so that we wont stay jobless in case AI comes our way.
A friend of mine just lost her job as a graphic designer because the company switched to AI-generated designs to cut costs. It happened so fast, one month she was swamped with work, the next, she was let go. With AI evolving this quickly, which industries do you think are next to be replaced? It's sad and scary at the same time, maybe next year our plumber is AI robot. LOL! 
This is why it is important for one to have different skills, if you place your focus and skills to be digitally based, no matter how good you are, you might easily get replaced by this wonderful AI. We need to focus on skills requiring emotional intelligence, creativity, leadership, and complex problem-solving—such as healthcare, education, and management roles, this are less likely to be replaced by AI. Lets spread our hands to different skills so that we wont stay jobless in case AI comes our way. We need to know that crypto doesn't perform any magic. If the country is poor, the government should help its citizens upgrade to a certain level where they can help themselves.
If you live in a poor country, how can you afford to buy crypto to help someone? Crypto isn't always the answer to everything. For some, spending a little on cheap coins might pay off, and they might have a big success story, but that’s not always the case.
Crypto doesn't end poverty, in fact, it can make you poorer if you don't know what you're doing. if you have the right knowledge and resources, it can help you make a lot of money.
If you live in a poor country, how can you afford to buy crypto to help someone? Crypto isn't always the answer to everything. For some, spending a little on cheap coins might pay off, and they might have a big success story, but that’s not always the case.
Crypto doesn't end poverty, in fact, it can make you poorer if you don't know what you're doing. if you have the right knowledge and resources, it can help you make a lot of money.