It’s worse in some places than others. If you don’t drive in Los Angeles people pretty much treat you homeless, But smaller towns where you live locally some people think you are rich because you can walk to work or shop.
@ODELL tether looking more unruggable by the day. Becoming a state proxy means tether will be backed by men with guns. Good for state actors but bad for privacy maxis. But can plebs really work their way up without capturing profits? The plot thickens.
Looks to me like if you are not using tether for child trafficking, Cartel drug money laundering, Or sending payment to Hamas you are probably safe. Also using platforms that are non exchange swap token will also be safe.
Yeah, I don’t ever see a collapse of every government in the world. I do see bitcoin becoming base layer money that needs no government, But not an inevitable end of all states. Like maybe in 1000 years when AI is the primary population, But definitely not in my or any person alive today’s lifetime. If you are alive you need FIAT and bitcoin is a luxury.
Bitcoin Standard by Saifdean Amous if they are academic. Mastering Bitcoin by Andreas Antinopolus if they are technically proficient in computer programming, Or Programming Bitcoin by Jimmy Song if they are new to coding.
Honestly these are advanced bitcoin books I think every bitcoiner should read, But if that is too much for you maybe go buy some gold.
The little hodlr cartoons by Line Seiche would be good for people who are just learning to think in bitcoin instead of FIAT.
No I mean I think the correct answer is both. But I guess most bitcoiners think bitcoin is what is for the greatest good. I think both are correct, But the immediate benefit can be felt personally in society. So many people just don’t get it, And always knowing you have money available to you that only you control is a very reassuring feeling. The benefits for everyone will be felt when that 37 sats becomes generational wealth.
Base case against lightning as a scalability solution. Lightning is never non-custodial, But L-2 solutions are. Lightning requires liquidity on two nodes to create a channel that people using the service can transact on. Liquid seems to be a great solution for this but in that sense the creation of endless L2 side chains will create endless companies offering services. I guess ultimately it is a financial product and pulling clients onto your platform is not really that hard, But I consider this from a perspective where bitcoin is not just being used as a financial instrument as much as a transaction method in everyday social environments. We have seen the split between whales and “full coiners”. It hit is still realistic for people to recognize the bitcoin value proposition and buy a whole coin. Plenty of millennials are learning about investment technology and will come into money before bitcoin has a low price of 250,000 dollars. At the point where people inherit money from boomer parents is not possible anymore is the point that everyday bitcoin transactions will be the way people acquire bitcoin primarily. Someday someone will go to work for 8 hours and come home with 100 sats. L2 solutions seem more like ways for people who own the company those people work at to transact inside their corporations, Or between corporations.
GABA. Gamma Amino Butyric Acid, Supplements are for sale at Whole Foods, Sprouts, Vitamin Cottage, Natural Grocers. Alcohol releases GABA in the brain to induce relaxation. Your body produces GABA in the small intestine during REM pattern sleep. When you drink too much your body stops producing GABA naturally and this induces alcohol addiction. Supplements help to keep a balance of enjoyment and non addiction, Or to help you relax when you go totally sober.
Every BIP 300 side chain is a soft fork. Liquid BTC is in my mind the example. Faster settlement times, Two block confirmation instead of six. The 2106 problem where bitcoin ticks it’s last block is the only realistic reason to consider a hard fork, Which will eventually happen or be solved for, But ultimately it really is still a soft fork in any example of a BIP 300 protocol.
It could be that America is still the largest army in the world? Russia is corrupt and big, But not well equipped. China was smart and played the money game.
I think the ultimate reality is becoming that ownership is just an expense. Products developed need to be justified by the market, And building the company is a personal expense until a product is profitable. It’s actually easier to just buy and hold the bitcoin than try to build something that might or will likely fail. There is an initial hardware investment, There is a cost of purchasing bitcoin which varies, And building something outside that is a personal decision. I make things but I make them because I want them, Not because I am worried about finding funding for a faceless company that people mindlessly work at. If I like you enough to talk to you about the things I make you might get a chance to buy them from me, Of course in bitcoin, But otherwise I find building the company out to have employees and an office sounds like a waste of resources to me. I am the bank, I am the finance I am the company. Like it or love it.
Not sure if you have visited or are in America. Baja Blast is a limited flavor of Mountain Dew, That is only available at Taco Bell. A kid in college made a video of his idea to get a cup and bring home Baja Blast soda to drink when he wants. The rules about this are that you get free refills of soda at these kind of corporate American restaurants, So it is not really against the rules, Many people keep their cups and fill them up with soda without buying another cup, It’s basically a really cheap thing that explains American obesity. It’s like 26 cents in soda they charge people 4 dollars to drink. The video details the actual kid going with his backpack and how he built his thingamajig. Another girl did it with a reusable shopping bag and two liter bottles. I thought it was hilarious. Then I thought about how bitcoin does this same thing to the Federal Reserve and made a meme.
Notes by Theory of Everything | export