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Don't be daft, NXO will never be money.

DOGE might with vice-president Musk's backing.

I heard WLFI is the future.

Bitcoin Worm 11mo ago

xno will never be *the* money because it is not fungible.

it is however *a* money, right now.

you can send 10k around the world through 10 different people and back to yourself without a single fee and in less than 60 seconds, Final confirmation each time.

The major stupidity of Bitcoin's narrative at the present date is assuming there will only be one crypto winner. This is the economic equivalent of saying there will only ever be one kind of underwear.

Some people want simple dumb rough winter work wear, some want sexy lattice work lace with frills. That's Xno.

this is so wrong. go to el salvador or any of the places on this map that has high density of bitcoin-accepting businesses

www.btcmap.org/map

if you scroll around you'll see quite a few hotspots, eg https://btcmap.org/map#13/46.00261/8.93870

i've been in bitcoin for a while and i can tell you in the context of bitcoin's history this is an absolute explosion of growth - driven mainly by lightning fwiw

lightning is critical to merchant adoption

yep and it works perfectly now. for many businesses it is simply cheaper to accept lightning than any other payment method

(and yes, I paid at this business with bitcoin)

lightning is literally the cheapest, fastest payment network ever devised, it's faster than any of them, 90+% of the time and the fees are absurdly low

also, i don't know if this is inherently different to credit cards, but i really like that you get the invoice on your phone, showing the amount, and then choose to pay it (or not)

rather than you just ok whatever the merchant has on their terminal

(i guess paying with a card on a phone will be able to do this, but i have never done that)

the only thing i dislike is that it means i need to have a phone - but hopefully dedicated devices will be available

yeah, unfortunately so far the cards i know of all have some serious downsides and quite high costs

from the perspective of adoption, almost everyone has phones, and some sort of lightning custodial wallet or semi-custodial LSP based client is easy enough to get... phoenix is pretty good, wallet of satoshi, but that isn't accessible to americans, they can use stuff like phoenix just fine, idk about xapo there but they have lightning built in now, you can receive and make payments with it as well

it's just gonna take time, i guess, and that's the thing, it really needs to be concentrated in small areas, like el salvador and there's that thing in boracay (philippines i think?) and here in madeira

i probably would join in more here if i could live somewhere quiet while not being so far away from where all the community is based in funchal

honestly, check out www.btcmap.org/map - there are a lot of apparent hotspots in unexpected areas

of course, they might not be real but the guys who run the map are legit

eg, the isle of man in UK.. ...lugano in switzerland.. ..some islands i never heard of off belize!

if this is at all real, it's a grassroots uprising

yeah, most of them are legit but some not very serious... there is a pharmacy in the next town west of me but they haven't got their shit together... the guy i was working with on https://github.com/p9c/p9 - you can find him on the map in Novi Sad, no idea what he's actually up to, but he's a web dev mainly, he used to run Bitstickers

for sure it is an uprising, maybe i should look closer at the map because i have some regions in my mind that i'm interested in, if they are bitcoiner hotspots that might help me pick my next move... i have the idea of leaving here in may or so, and i need to plan my next stop, i want it to be the place that i build my hermitage, i mean citadel, whatever, depends on whether i catch myself a wife i guess

yeah, nah, it's really just not happening in former yugo, i think even that there is less now in Split than there was, i'm not gonna put too much weight in it at this point... partly why i paid the insane fees for xapo bank was to have the freedom to not care if they accept sats or not wherever i am, just need either ATM or EFTPOS that accept mastercard

optout 1y ago

Nowadays virtually all merchant adoption uses Lightning. And lightning is 100% up to that. Anybody who says otherwise lives in the past. OK, I concede 99+% :)

But the big problem is with incentives. The vast majority of merchants don't have the incentive to accept btc. And nobody can force them.

In the west, that's probably true - and they'd need another reason, like ideology. But it's still happening - eg see lugano - and that just means they are Our People, you can go along and meet your family..

But in other parts of the world modern payments are very problematic and have much greater costs. In this case it is perfectly possible that what seems to be true, is true: lightning is cheaper for them.

I feel you are very optimistic.

That's not incorrect but I invite you to consider the evidence I am proposing as well!

El Salvador is a very specific case.

In Europe it is impossible to live with Bitcoin because it is not accepted anywhere.

If you have to travel 400 km every day to use your bitcoin it is not very practical.

The only thing we have in Europe without KYC is bitrefill.

OK you need to read my posts please - i even linked you to somewhere in lugano where there is huge bitcoin acceptance according to the map

I'd rather not fly weekly to Lugano or El Salvador for my grocery, so I'll stick the local money. It's accepted everywhere.

But actually I have another reason beyond business adoption that I am optimistic.

I have recently travelled quite a bit, and for the first time met bitcoin communities in person. This is a very new thing for me, they simply didn't exist during most of the time I've been in bitcoin. And the wonderful thing is, they are into bitcoin not to get rich, not because they get the tech.. ..they are into it because they have found out in their lives that the governments are not to be trusted, and that they need a way to resist them an build a future for themselves.

Most of them discovered this during covid, and when they looked around - in genuine desperation - to find something to give them hope, they found bitcoin.

I thought when I met actual bitcoiners most of the talk would be about the tech, or closely related, or the price maybe or adoption.. ..but it's mainly about the fact that something is rotten in the western mainstream, and they don't trust their kids to be part of it, and they want to build a new world based on freedom and respect.

Many of these people had taken significant risks to choose their paths - including selling all fiat property, moving to places like el salvador. They are doing it because they are completely committed to freedom.

And the wonderful thing is, they all know now they're not alone. I'm not alone. We are a global family and we are rising up..

So yeah, I am optimistic 😆

Totally agree with you

i turned maxi in part because of the scamdemic, i was always interested in a lot of "conspiracy theory" stuff and it makes sense that a lot of bitcoiners are because bitcoin was born out of a movement that was against the control of secret police over society and against secret cabals of bankers, what flipped the switch on me finally was the great crypto crash of 2022, as i was just getting into my first year full time working as a crypto dev

i wish i could get more into the local areas of bitcoin community but i don't really want to live in any of those places lol... i am in madeira because of this but i hate madeira

BitcoinSandy 1y ago

There were never any conspiracy theories, just critical thinkers questioning what became facts.

preaching to the choir

and i like to think stay on the cutting edge of the important stuff... big focus right now is space weather for me, i think this is of way underestidated importance and the best part is it totally shows a way to debunk this fake eco agenda cult

BitcoinSandy 1y ago

Please feel free to post links, I’m always open to info

mainly at the moment the highlight of my day is watching this pod https://www.youtube.com/watch?v=klrscLgxkD0

i was following that Donut Factory guy for a while but i am inclined to think that most of his stuff was nonsense, but it was interesting

i don't follow it closely but stuff relating to Atlantis and ancient egyptian artifacts and other archaeology that hints towards this, the book The Apocalypse of Yajnavalkya really opened my eyes to a lot of really interesting stuff, got me to read things like the book of Enoch and other apocrypha, Hair of the Alien - this stuff also relates to the space weather because the history of Atlantis and the War in Heaven is connected to the disaster cycle and is referred to in especially Enoch, and there is also mentions of things in ancient Hindu books and lots of other stuff, i would dig more into it if i weren't quite so busy with my dev work

BitcoinSandy 1y ago

Fascinating. I’ll have a look thanks

Niel Liesmons 1y ago

Chris Horlacher and this solar storm dude are both scammers, selling you fake space, invented DNA helices and aliens.

Reading The Apocalypse of Yajnavalkya , Enoch, Ezra 2, etc... only lead my more away from these sort of guys and toward a more Biblical history, cosmology and morality.

If you can, I recommend taking a holiday to el salvador. You will meet people just like you, with very similar stories and history.. It's incredibly wholesome!

What's wrong with madeira?? I was literally thinking of visiting there..

noisy people, really noisy noisy people

plus transport is a nightmare because of the terrain - i just plop myself down somewhere and if it's more than an hour on foot i won't go there more than once a season probably

Those are anecdotes.

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 1y ago

It is crazy that the securitization of money is advancing, but let's remember, it is still only a small part of the overall Bitcoin stack.

What do you mean by a small part?

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 1y ago

Self custody still dominant

nostr:nevent1qvzqqqqqqypzpl8hpfzul2qha25p8wd63gm46ufax95lfgnl8h9v84y3zt0k05m7qqspr7m09h3u8m2l9mpnr2xrfdqgm6zrmcr3pn7gljxazjcxmv2d73s9xtxm6

But we are not talking about a custody issue....

Cyph3rp9nk 1y ago 💬 4

If Bitcoin is used as money, its traceability is almost impossible, Bitcoin + Lightning + Liquid + ARK + RSK + Boltz

Everything will be an amalgamation of untraceable jumps.

If bitcoin is used as money it will be very difficult for states to apply capital gains.

It is true that right now Boltz is centralized but it is opensource, it does not work with fiat and clones can be created in favorable jurisdictions or simply under Tor.

whit 1y ago

🫡🇺🇸🗽

88de21f4... 1y ago

#Bitcoin is many things to many people.

Neo 1y ago

Acceleration of superhyper bitcoinization.

leadbyexample 1y ago

I don't agree with the above, but I see your point.

The real issue is owning KYC bitcoin, and with that, it is irrelevant whether "owners" of KYC bitcoin want to hodl or buy things with it, someone else will still be able to control it.

I see your post as "do this and that so governments will understand and do what it's better for you". That will never happen.

Self-custody hodl lets users stick to their own coins and start spending them whenever they decide it's time. Before then, Grasham's law says everyone will spend their worthless fiat while keeping in store the better money.

I don't think you understood my post or the importance of using bitcoin as money.

If you don't, bitcoin will only serve you to buy four silly things on the internet.

Try buying a house or a car with bitcoin.

You must understand what capital gains means.

Bitcoin must be money if we want to earn, otherwise it only serves to further enrich the state.

BoomTown 1y ago

If NGU it will be used as money. The biggest threat the states/corporations bring is the ability to fractional reserve bank bitcoin which will keep the price suppressed.