Nostr Web Client

A hilarious normie moment on LinkedIn this weekend:

The Wall Street Journal posted an article about the bitcoin ETF approvals. Of course, it was paywalled and requires a $10 weekly subscription to read it.

I commented:

It would be great to be able to pay for the content of this single article using bitcoin, as opposed to a subscription.

And (I shit you not) someone with a PhD in computer science (according to their bio) replied:

Why? What would make it great?

Waiting several hours to see if the transaction goes through?

Complex management of your bitcoin address?

I think you're confusing 'bitcoin' with 'micro-transactions'. And if there is one thing bitcoin is totally unsuited for, it's micro-transactions. Only 8 transactions per second, shared between the whole planet. Nobody wants to wait hours or days or weeks to find out if a micro-transaction payment cleared on-chain and they can finally view the article.

My response:

Have you not heard of the Lightning Network? It's not 2015 anymore.

Just unbelievable. 🤣

Lebanese Hodl 2y ago

PhD iN cOmPuTeR sCiEnCE 🤡

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Discussion

The Daniel ⚡️ 2y ago

Clearly Mensa material we’re working with here. His other comment was:

Presumably, a Beanie Baby ETF won't be far behind.

Can you imagine how valuable Beanie Babies might have become, if only asset managers had thought to make ETFs from them?

Spot ETFs for Beanie Babies would have brought further legitimacy to Beanies, brought in new Beanie leadership, increased Beanie adoption, especially among investors who previously had limited or no access to the Beanie Baby asset class.

nobody 2y ago

Proof that a degree does not bestow sense.

The Daniel ⚡️ 2y ago

We front-ran the ETFs and the PhDs.

nobody 2y ago

I’m not surprised brother. Most of the more brilliant people I’ve worked with either dropped out, or were brilliant before they enrolled.

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