Just thinking about the next step for Bitcoin success. I think Wall Street with ETF’s and all other types of investment and trading schemes is not what Bitcoin was meant to be. All and All OK, but what do we need to do to get the every day person to get what it’s really all about. Other than getting rich trading it in and out of Fiat Currency. I Orange Pilled some people a few Thanksgivings ago. They went out and bought some through Coinbase. Most of them forgot about it, and some of them just sold it when it went up, and did not buy any more. They just don’t seem to have the time, or incentive to take it any further in understanding it. Too technical for them they say, and they don’t see the point in the time needed to learn it. So I think to myself, what can I do to take this further. I started with my sister. She has 2 daughters 6 & 7 years old. She is very busy just bringing them up, and has a full time job herself. It dawned on me how I could help her and her children to understand this thing that I feel is very important for their future. What if I established a Bitcoin wallet and a Lightning wallet for my sister, and also for each of their 2 children. Then I said that I would fund a Bitcoin wallet to my Sister, and from that wallet she would give the children their allowance in Bitcoin. They are already receiving a Fiat allowance, so I would match the Fiat Allowance with Bitcoin. I would want her to move some Bitcoin to a Lightning wallet, and then transfer Lightning Bitcoin to the Kids wallet as she pays the allowance out to them. As the Lightning Bitcoin grows in the Kids wallet, I would want them to transfer larger sums to their Bitcoin wallet from their Lightning wallets. The kids could even go as far as to trade Lightning Bitcoin between each other for favors, or in payment for doing chores for the other. I need to figure out what wallets will work best to make this as simple as possible for them. I don’t think at this point that a hardware wallet is what I want them to have to mess with. Still too complicated at this point. I would however want them all to have Bitcoin wallets that require a 12 word seed phrase that they need to protect and save. The parent would be the responsible one to handle that. I would hope this catches on, and others they know will give it a try. It will be interesting to see how their Fiat allowance stacks up compared to their Bitcoin allowance.
Just thinking about the next step for Bitcoin success. I think Wall Street with ETF’s and all other types of investment and trading schemes is not what Bitcoin was meant to be. All and All OK, but what do we need to do to get the every day person to get what it’s really all about. Other than getting rich trading it in and out of Fiat Currency. I Orange Pilled some people a few Thanksgivings ago. They went out and bought some through Coinbase. Most of them forgot about it, and some of them just sold it when it went up, and did not buy any more. They just don’t seem to have the time, or incentive to take it any further in understanding it. Too technical for them they say, and they don’t see the point in the time needed to learn it. So I think to myself, what can I do to take this further. I started with my sister. She has 2 daughters 6 & 7 years old. She is very busy just bringing them up, and has a full time job herself. It dawned on me how I could help her and her children to understand this thing that I feel is very important for their future. What if I established a Bitcoin wallet and a Lightning wallet for my sister, and also for each of their 2 children. Then I said that I would fund a Bitcoin wallet to my Sister, and from that wallet she would give the children their allowance in Bitcoin. They are already receiving a Fiat allowance, so I would match the Fiat Allowance with Bitcoin. I would want her to move some Bitcoin to a Lightning wallet, and then transfer Lightning Bitcoin to the Kids wallet as she pays the allowance out to them. As the Lightning Bitcoin grows in the Kids wallet, I would want them to transfer larger sums to their Bitcoin wallet from their Lightning wallets. The kids could even go as far as to trade Lightning Bitcoin between each other for favors, or in payment for doing chores for the other. I need to figure out what wallets will work best to make this as simple as possible for them. I don’t think at this point that a hardware wallet is what I want them to have to mess with. Still too complicated at this point. I would however want them all to have Bitcoin wallets that require a 12 word seed phrase that they need to protect and save. The parent would be the responsible one to handle that. I would hope this catches on, and others they know will give it a try. It will be interesting to see how their Fiat allowance stacks up compared to their Bitcoin allowance.
Apparently retail holds approximately 57% of all available Bitcoin. I feel it’s extremely important that retail remains in the lead over institutions. People must learn to hold and move Bitcoin without these Wall Street pirates being in control of this new freedom currency.
Been realizing this for a while now. Add based business that sell your info, or consume your precious time with stupid content you have no interest in so that you can consume the content you are interested in. Or subscription based content that feeds you a continual swamp of undigestible crap you have no interest in, so you can have the right to consume the small amount of content you are interested in. Crypto currency is the currency of AI. AI will allow us to consume only what we are interested in, and Crypto will facilitate micro payments to pay only for what you consume.
My solution for assault rifle gun control; 1) every citizen 18 yrs old should be required to take a course, and pass a test in proper handling of this type of weapon. 2) Each community should have a specified lock down armory with these weapons for each registered citizen of said community. 3) Each registered citizen, shall be allowed by appointment only to enter the armory to practice, or maintain their registration. 4) In the event of a community, or national emergency, the armory can be electronically unlocked by 3 of 5 keys provided to select community leaders. Upon entering an unlocked armory, a registered citizen would need a personal key to unlock their own weapon. 5) Vetted citizens may also have the right to have a certified installed gun locker in their own homes. This in home gun locker can only be accessed when the unlock code is sent to the armory in the case of emergency. The in home weapon would also require the personal code from the owner to access it.
Let’s face it. These assault rifles are only fellow human mass killing machines. 99.9% not needed for the normal defense of your own home.
It’s difficult to imagine that any World Reserve Currency that is controlled by any government, would not eventually be abused by the politicians or rulers of that government. In that context, the only currencies that make sense are precious metals, and a decentralized digital currency (Bitcoin). Being that precious metals are difficult to store, transact with, and move around; Bitcoin makes the most sense.
I read somewhere the other day, that NASA is tracking a space rock that comes by earth every so often. The value of its precious metals are worth 5x the world economy. NASA has a probe out there that will visit it in the next year or 2. I wonder if they found a way to mine that rock what would happen. Everybody on earth could have a gold plated car, house, furniture, etc. Where would the scarcity value in that be?
I honestly don’t have a problem with Corporations, Germany, and the US for that matter selling off their stock pile of Bitcoin. Get it back into the hands of the people, where it belongs. I’d also rather not see any countries backing their currencies with Bitcoin. They are notorious for printing more than they have backed anyway. Of course if they get caught at it, they will make excuses, or claim the fiat is backed with other assets instead. Kind of like Gold sitting in Vaults with Lead on the inside, and a layer of Gold on the outside.
I hope that I or my children never have to look back on these days and say; “If only the promise of world peace and freedom was delivered by the decentralization of what money can be (Bitcoin), but instead fell into the destruction of world war that the fight over who controls the world fiat currency ignited.
Even if True that Kennedy can’t win, do not see voting for him as a waisted vote. Show instead the power of the Bitcoin community to whomever wins, that this community is a force that deserves their respect. A vote for Kennedy is a vote for freedom of Bitcoin development.
Thinking about Bitcoin and World reserve currency. If any world government or power to claim world reserve status, how could that government ever be trusted to not abuse that status. Do they back there currency with precious metals or even Bitcoin. Can you trust them to not print more currency than they really have. Wasn’t that the problem when the US took us off the gold standard. Was there more currency sloshing around in the world then there was gold to cover it. Even if we backed this world reserve currency with Bitcoin, can we trust the government to not print more Fiat then there is Bitcoin to cover it. Why not just proclaim Bitcoin is the world reserve currency. You can’t print money to buy it. You have to earn it by mining it, or trading some natural resource or service to get it. That’s what a fair for all World currency would look like.
Don’t drink the Cool Aid Yet. Trump is very Pro USD. Trump is shrewd. He’s After the funding and votes he will get from the Crypto community. If Bitcoin usurps any of the US dollar dominance in the world, he will do what he can to suppress it.
How surprising was it really? Moved it through public exchanges most likely to affect a price drop rather than moving through auction or OTC desk as they normally would. Watched the price collapse and then bought it back.
Wall Street just does not get it, when it comes to Bitcoin. They think it’s another vehicle for them to build a stack of cash by trading it. Bitcoin does not need Wall Street. Wall Street will find out their stash of cash might make pretty good toilet paper.
Even Tho I really feel like The US would be powerless to stop the peoples adoption of Bitcoin, just like China is unable to stop it’s people from continuing to adopt Bitcoin;
I don’t know if anybody else feels the way I do. Rather than voting for a political candidate, I vote against a party that is negative on Bitcoin. I’ll start with voting for Trump. Then against every other candidate in a party that is negative to adoption of Bitcoin.
If governments would only accept the fact that Bitcoin would stabilize their energy grids, and also their fiat production. They would soon recognize that printing Fiat will devalue the currency, and people will just turn to the better currency “Bitcoin”, unless they stop their reckless spending habits.
Would the government telling us that we cannot Self Custody our Bitcoin, the same as telling us we cannot keep Gold Coins in our own safe at home. We could even take it farther to say why would they let us keep US cash in our wallet or a safe at home. How about Baseball card, or Art for that matter. All commodities, aren’t they.
Someone invited, and wanted Wall Street invited to partake in this promising new network. These people, and the people they bring with them are only interested in filling their fiat ($) bags. They buy with $, and sell for $ when they feel that they have made the $ they want out of it. Bitcoin has the chance of separating money from state. The state has abused its power over money. Other states of the world will go to war to own the right to be the world reserve currency. If you see the wrong that can be righted, use any fiat ($) you have to buy Bitcoin. Buy from non-KYC sources if possible. Do not exchange your Bitcoin for fiat ($). Exchange it only with other Bitcoiners for product and service. The people that know the potential of a Bitcoin economy.
Can happen on BTC main chain also. Be careful with copy and paste. Check the entire address before hitting send on any substantial transactions. If you receive anonymous small transactions from anybody, check the address and delete from your transactions list.
Privacy already exists if you need it. Buy from non-KYC sources. Do not exchange into fiat currencies thru KYC exchanges. Trade Bitcoin for service and product with bitcoiners that understand this principle. They’ll never know who you are.
Satoshi gave the gift of Bitcoin to the world, and then disappeared. May the anonymity, and the mystery of Satoshi’s existence remain in our minds and souls for eternity.
An interesting perspective on what is truth. Maybe it’s really just a point of view. Something may be true to a person because someone they trust or in a position of power told them it is true. Or they could witness something and from their own perspective believe what they witnessed is true. But upon further examination of a truth, a persons idea of what is true can change, or the truth from another persons point of view can be different upon witnessing the same event.
I’m still being mocked by Wall Street, and Banker friends. Then I show them a chart compared to the Nasdaq and S&P since 2016. They go what the “F” Bro. “Well it’s too Late now!” They are clueless.
I get a kick out of ECB people saying Bitcoin failed because nobody uses it to buy anything. I use it every day to buy stuff. Soon they will eat their old shit words.
Posing a question here?
How do the builders, developers, clients, relays, etc. who do all of this work to make Nostr better get compensated for their efforts? I get how Zaps will incentivize creators, and that’s a good thing.
But what about the developers, putting in their time to make this work.
I don’t think a PBS style, let’s go on the air and beg for funds is viable.
But what if with Zaps going into funds to support these developers;
A small Zap is initiated with;
Each new signup.
Each post.
Each response to a post.
Each follow.
Each relay hookup.
And then to keep those Zap amounts small enough that it does not discourage persons from joining in;
Creators would share a small percentage of Zaps sent their way in some automated way, to go to these funds.
There should also be a way that the amounts flowing into these funds is completely public, and viewable by all participants in the system.
Distribution of those funds to the people doing the work could be automated in some way, and also made public for all to view.
If you really want this to work, go ZAP. Volunteers are great, but they need to make a living also.
They have no F’n clue yet what it will be like to live in a political system that everything thy need will be provided to them, as long as you follow their rules, and expect no more than they decide your worthy of.
Apparently there is no incentive to fix a broken system. There is too much profit to be made by the people running that system to want to fix it. The only way to stop those people from raping their constituents is to opt out of their system. If enough people opt out, then that diminishes their power over us. At that point maybe some people entering into governmental or political positions will actually be more concerned and caring about their constituents, than they do about their own profits. Bitcoin is the opt out, if you learn how to use it properly. The ETF’s are just another way to Opt in to their system, that they can fix for their own profits. Educate and Simplify the use of Bitcoin so even a 3rd grader could understand and safely use it is of paramount importance.
This is why everybody with any kind of computer sitting around that can spin up a mining algorithm, should do it. Let the Government run around like Chickens with their heads cut off trying to run down everybody doing it.
I had a dream last night. The establishment leveled its biggest weapon against Bitcoin in the shape of an ETF. It blasted it with every bit of ammunition they had at their disposal. With sweat dripping from their brows, and dead ASICs in crumbles lying in large piles of rubbish, they declared it defeated. Out of the ruble, a small blue light lit up. Tick Tock, Next Block!!
My 2 cents on this subject. Sure it’s not easy. You start it as a hobby consuming some of your spare time for the love of it. It blossoms into something that is consuming more than just your spare time, but it’s still for the love of it. However, you have to put a roof over your head, and feed the family. 1 million people seeing one of your blog posts, or videos in a months time contributing 1 or 2 cents. Not there yet! Possibly using your expertise, to sell your services one on one to people needing that training! Speaker fees at paid events. Etc. Good luck and much appreciated.
I think we are on a roller coaster on its way to a better world with Bitcoin. Just like a roller coaster with its very frightening ups and downs, it eventually comes in for a soft and calming landing. If you like the thrill, you get back on for the next go of it.
I have always had a problem with Traders! I work at a shit show job, to earn money to put food on the table and a roof over my head. I use any extra money that I can put aside to invest. I invest in things or people I believe in. I buy into a company that makes stuff that I use, and like the product. I invest in a company that provides a service that I like, and make use of. I want to own a piece of that, and hopefully be rewarded by the successes of these companies that I put my hard earned money into. I’m not interested in swapping in and out of investments just to see how well i can play the game. Just to stack a few more pennies on my Cash stack. I buy Bitcoin with some of my hard earned money because i believe it is the future of money. I like the way it works. I like to study it, and use it the way it was designed to be used. I like to see the work that developers are putting forth to improve its use case for the average non technical person. I don’t trade it. I Stack it, and use it.
Somebody told me the other day, that Redit is going to IPO. He also told me that Redit is his only source for truthful news. I seriously doubt that any entity held on any stock exchange is not influenced by its whale shareholders, that clearly want you to believe what they want you to believe.
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