I'm sitting around thinking, in order to hedge against currency collapse, ETF approval can be seen as part of nation-state strategy to secure bitcoin within its borders. Likewise, to ensure frequent access to block space and permissionless/secure/immutable communication, you can see nation-states maximizing hashrate within their borders. Also, all of it is good for Bitcoin, and part of the societal change it is designed to effect. 🤫
GM, and Happy Birthday to Satoshis everywhere!!
Your inner Nakamoto turns 49 today.
...as we also remember the anniversary of FDR's signing of Order 6102 in 1933, confiscating gold from US citizens....
https://m.primal.net/HrYA.jpg
Keep after it, ODELL. The hypocrisy of these supposed bitcoin personalities who spend most all of their time on centralized, captured platforms, and come up with all the stupid reasons justifying their decision to do so, only reveals to the world what they really care about. Hint: It isn't you, or freedom.
For the newcomers to nostr who might wonder why all the freaks here are so passionate and focused on #bitcoin, let me try to simply capture the big idea.
Assume that when you work, instead of being paid in your local currency (like Yen, Euro, dollars, etc), you were paid in water.
You aren't going to drink all the water in the moment you earn it, so you need to find a jar or container to store it Obviously, you are going to choose a jar that is strong, secure, and does not leak.
Your local currency is the equivalent to a leaky jar. The leak is called price inflation. If you are using US dollars, over the long term, it leaks at around 7% every year. This leak can threaten the quality and length of your life.
Now, what if we also told you that the bankers and politicians were the ones that made the jar, and determined how much your jar leaks, and that bitcoin was a jar that didn't leak, and bankers and politicians could not change the bitcoin jar?
Would you view bitcoin as a source of freedom? Would you want some bitcoin?
Welcome to the discussion. #introductions
You see some of the biggest distortions in the microcosm of college campuses, where faculty and kids live in a protected bubble, ironically secured by the sweat, hard work and generosity of alumni most on today's campus openly claim to despise. It is so disrespectful and disingenuous, it is grotesque.
Society's broad reliance on a detached reality will also create a lot of trauma and hardship for folks. The trauma can lead to all sorts of other bad outcomes, that impact generations of innocents. Stay humble, because the world is very uncertain.
Some people are happy to give up their freedom, if it means that they gain entry into a community. Others are willing to hurt others when trying to solve their own hurt. Zuckerberg was an outcast. He solved his own hurt by creating FB and reigning as its Supreme God. But hurt people hurt others, and Zuckerberg has seemingly not cared about hurting others.
If you want to hang out with him, and you think what he is cool, have fun. But give thought as to whether this is really healthy for you. Why do you feel this way? But also respect those who choose to not trust him, or compromise their standards.
If nation states are plugging in miners and driving hashrate, do they care more about a) bitcoin as a reserve asset, or b) bitcoin as an uncensorable/secure communication network, and the ability to control what gets included in upcoming blocks?
Succinct and right on.
nostr:nevent1qqsqv8fgava0nsgrmjx05tl4zn7mpj0snla250yesg9uvmvu5dxva0gppamhxue69uhkummnw3ezumt0d5pzpw9n7gz7qq45st406yzs04nxccwrvxtqhg8vsjwgrlgpexsfnnvjqvzqqqqqqy987wfq
Sats are the smallest particle in the bitcoin ecosystem, which can travel at the speed of light, bringing the entire world together on a common communication network.
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Notes by Toby McMann | export