Daniel [dnabg]

a bitcoin pleb from Bulgaria

Last Notes

2025-11-14 10:50:38 UTC

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thanks to @nprofile…sqfg @nprofile…3dnj @nprofile…m4pw @nprofile…eymm @nprofile…rc5j for participation in the conference

2025-09-28 07:08:31 UTC

GM stay humble stack sats

2025-09-27 12:53:15 UTC

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yummy

2025-09-27 09:05:25 UTC

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Nice!

2025-09-14 19:57:05 UTC

NOSTR vlog 5
#vlog #NOSTRvlog
In this short episode I will show you what I gave my colleague as a gift for leaving the company. Giving bitcoin books to kids is a nice way of trying to orange pill the parents
I dont have kids but what are your thoughts on the topic @nprofile…0fd0 @nprofile…q0jg @nprofile…fm4n @nprofile…hevn @nprofile…mgee
https://blossom.primal.net/c8a67f866fc95ff41e7370d19c86441dcc022f1be668997ada0e41874ffe3566.mov

2025-09-09 08:54:21 UTC

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I tend to think most people do not want to engage in discussions and listen to any opposing views so the easiest answer to me is to focus on educating kids, and I am not joking. Social media really fucked up thr way adults communicate and I think there needs to be a major event that might make adults think if they should reconsider some of their beliefs. And btw I do not write off this 15 minute conspiracy theory, I dont give it 51% probability but it is not 0% either. You are right about CBDCs and ecash but I highly doubt they will choose that route

2025-09-05 12:51:55 UTC

https://fountain.fm/clip/tr2jU5gEM4rYa313lZ0x
a short segment of @nprofile…0fd0 and @nprofile…q0jg on @nprofile…fkn5 explaining why bitcoin is both SoV and MoE and bitcoiners should try to expand the merchant network and spend some sats. That is what we are trying to teach Bulgarians at the Sofia Bitcoin Club as well.

2025-07-10 11:24:48 UTC

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new version release every hour or what lol

2025-03-10 16:53:49 UTC

Is Bulgaria quietly becoming the bitcoin hub of Eastern Europe? While many people know about countries like El Salvador and Costa Rica embracing Bitcoin, Bulgaria is adopting bitcoin from the ground up, with a number of initiatives across the country.
The film, Build on Bitcoin will SHOW not just what Bulgarians are doing, but also how bitcoin is impacting peoples' lives across the country. If you're interested in helping us bring this story to life we created a Geyser crowdfund with 2 levels of rewards.
If you donate $89 you will be listed in the credits of the film. And if you donate $500 we will book you a hotel and reserve a seat for you at the film's premiere in Sofia, Bulgaria early next year. At the end of the day our goal is to inspire bitcoiners to take action
Get in touch with us if you want to learn more or get involved: you can DM me, @nprofile…l67p or @nprofile…ssme

2024-07-06 10:31:28 UTC

The theory of a speculative attack on fiat currencies was born around 2014 (Marty Bent had a show on this topic yesterday but I haven’t watched it yet so consider listening to it). Bitcoin at the time had a very small cap and it was unreasonable to expect a corporation or government to buy and hodl as a reserve asset on their balance sheet. Individuals who have realized what bitcoin actually is were also few. Fast forward 10 years and we have initial steps in the realization of this theory. Companies like MicroStrategy, Tether, Block, MetaPlanet use various means such as retained earnings or issuing stock and bonds in order to purchase bitcoin. The government of El Salvador has even launched a website where we can track how many bitcoin they own. All of these to me are the initial steps on the road to hyperbitcoinization. But we could all be wrong...
My bet is certainly far smaller than that of the American entrepreneur and one of the founders of MicroStrategy - a business intelligence company - namely Michael Saylor. This move of his to be able to figure out what bitcoin is and at the same time sell the idea to the other c-suite and shareholders at MSTR could turn out to be one of the most significant actions of this century. That's because at the moment, with the exception of exchange-traded funds buying bitcoin, no other company owns 1% or more of the limited 21 million supply. And it cost them under $10 billion. There are quite a few companies that have larger cash holdings, one of which is Dell Technologies. I mention it for a reason, because its owner Michael Dell made waves on Twitter with 2 bitcoin posts. Their problem is that it takes time to accumulate 210,000 bitcoin, and if the price remains stable around $60,000 it would cost them almost $13 billion. But the price of something with limited supply and relatively stable or even rising demand can almost never be stable.
But let's go back to the other Michael. Because it is a publicly traded company, we have all the data we need for some simple calculations. Their first recorded purchase was in August 2020, when they paid $250 million for 21,454 bitcoin (an average price of almost $12,000). The surveilance sickness and lockdowns in 2020 caused Saylor to think about how to transform what he says a dying company referring to MSTR, and after an extensive search he comes across bitcoin. The source of funds for their initial purchase were retained earnings. So his goal was to transform the US dollar sitting as retained earnings on the company's balance sheet and depreciating slowly as time goes by into bitcoin. Over time, the conviction of everyone involved in this operation became greater and greater, and they decided to use other means - issuing convertible bonds and common stock. MicroStrategy transformed from a business intelligence software company into a bitcoin fund. Investors wanting exposure to bitcoin are happy to finance the company at super low interest rates of under 1%. Let's take a look at was this worth it? The most important thing for a company right after being profitable is to properly allocate capital. In the case of MicroStrategy, their strategy is quite simple – raise funds and purchase bitcoin.
In the following Excel spreadsheet, we can analyze how successful they have been in their strategy to maximize the amount of bitcoin per share. If the bitcoin that 1 share buys steadily decreases, it means diluting the current shareholders, 1 share buys them less and less of the thing they want. This metric is also essential for a company operating in the fiat world where the end goal are things such as buildings, machinery, intellectual capital, cash. Some brief clarification on the columns - date, bitcoin hodl and number of shares need no explanation. Number of convertibles means all options/bonds that can be converted to shares in the future under certain conditions, i.e. they are not shares at the moment, but we have to take them into account in the calcs because they can dilute current shareholders and their shares in the company. That's what the next column is, it just adds up the previous two. The last 4 columns are the result of our analysis, namely how many bitcoin (or in this case satoshis) we own if we have 1 share of the company. The ideal scenario is that the number of sats increases over time. The same applies to the number of sats per convertible plus share. We can see that over a period of nearly 4 years this has been the case - with 1 share at the end of 2020 we could have held 735,058 sats, and by March 2024 this had increased to 1,214,246 (65% growth).
The number of shares or number of convertible instruments + shares to 1 bitcoin is also an interesting metric. As expected it is in a positive trend for the company's shareholders – as at 31 December 2020, 136 shares were needed to own 1 bitcoin, and by March 2024 they had dropped to 82.
The takeaway from this data, at least in my opinion, is that the strategy of using leverage in the form of bonds or shares in order to purchase bitcoin has been quite successful so far for MSTR. In almost 4 years they have managed to reach 1% of the total supply for just a 75% increase in stock and convertibles.
cc
@npub15dq…lm5m @npub1guh…6hjy @npub1cj8…rz4u @npub1t8a…56yu @npub1a2c…w83a @npub1sg6…f63m @npub19jf…8rx0 @npub1hxw…40pf @npub1s5y…6q7z @npub14mc…frlx @npub1r8l…x5dk @npub15vz…k4um
https://m.primal.net/JJRt.png

2024-04-10 13:14:13 UTC

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who is dan

2024-04-09 19:53:36 UTC

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yes i think fidelity as well
"I bet if this is true then this must be fidelity. they are their own custodian, have seemingly pro bitcoin people before it was cool and am surprised they have not tried beating blackrock for #1 with supporting devs narrative"