Nostr Web Client

So you think 99.9% of the world using federated mints/banks through mobile apps from Apple and Google app stores will defund the State?

Jeff Swann 2y ago

Competitive federated mints, networked by LN, & run on open source apps, & eventually on open source phones & other hardware are a very real potential solution given what is available right now without requiring any other major breakthroughs.

The very existence of Bitcoin, no matter how usable or unusable for day to day things, threatens everything about the way the State currently functions. All of the largest govts cannot exist in anything like their current forms without the power to inflate away people's savings.

We are already winning. Don't let how far we have left to go stop you from appreciating how far we have come.

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Discussion

Toxic Bitcoiner 2y ago

Long term, I’m optimistic for the reasons you mentioned. The near term could be ugly, especially with rapid price appreciation and influx of adopters.

I’ve been bringing this up mostly to bring attention to the dishonesty of people, like Saylor, who talk about how revolutionary self custody is, but leave out the fact that only a few million people will be able to do it. Plus, in his case, advocation for no more soft-forks ever (to address limited availability of self custody) and KYC/AML/tax compliance built into the LN bank apps, so as to not threaten the power of the State.

bitjoon 2y ago

Isn’t threatening the power of the state the entire reason for Bitcoin? 🤔🤷‍♂️💜

Toxic Bitcoiner 2y ago

For most of us, yes. Not as much for Saylor, at least based on what he says publicly.