Replying to Avatar Sikto

Also, if you want a bitcoin standard you need the government on board……there are millions of people who do not have the wherewithal to think on their own. Unfortunately, they need to be told what is legitimate and what is worth something and they look towards their government, experts, and financial planners. I don’t know about you, but in all these years I’ve only been able to convince 6 people to hold bitcoin and one of them I sleep with and the others have been a result of me sleeping with the first. Mu hope is that once they do buy it, they eventually self custody, and then make some gains which maybe leads them to learn more and to further expand their understanding of what they hold.
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Zach⚡️ 11mo ago

Bingo. The Bitcoin standard is not 8 billion self-custody lighting nodes and cashu mints. I wish it was, but it's not, and that's not our fault.

Take banks being able to hold Bitcoin as an example. Most people would love a Bitcoin savings account at their traditional bank. Is it captured Bitcoin? Yes. Is it a Bitcoin standard? Still yes.

If you think Bitcoin fails because of fractional reserve or scaling limits or mining regulations or bitcoin loans etc. etc. You haven't thought it all the way through. Dishonest people fail. Honest people win. That's the game Bitcoin presents and that's why it continues to win.

They can FAFO if they want, but allowing it into the financial system like this is a huge positive development.

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Sikto 11mo ago

It blows my mind that the president of the US is even talking about any of this. Senators too. I don’t know how people can’t see that all of this means we are winning. Trumps trump. I think a lot of people weren’t around in the 80s and 90s.

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u32Luke 11mo ago

Why don't you vote for better money?

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Zach⚡️ 11mo ago

Doesn't work like that. Better money needs to be organic. Cannot be created by a politician. I can vote for politicians who will be more friendly to my better money though.

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u32Luke 11mo ago

And yet you are describing two contradictory systems. One which relies on the permission of the state and the other which does not. Voting does nothing to secure bitcoin.

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Zach⚡️ 11mo ago

Wow it doesn't? I thought that was part of the white paper.

I'm not sure what is complicated about this. I use better money - Bitcoin. It exists like a force of nature. It doesn't need my vote. But I do also vote for politicians who will promote my better money.

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u32Luke 11mo ago

What happens when KYC is mandated on all transactions and a unrealized gains tax is levied relative to yearly returns?

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Zach⚡️ 11mo ago

Guillotines? Idk. You don't have any more of a plan then I do. At least I'm trying to support people who won't do that.

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u32Luke 11mo ago

My point is white market bitcoin is no different than voting for better dollars. You have to be willing to use bitcoin without permission (black market) in order to gain it's main value prop (tax avoidance)

The better the tools become, and the more people who transact + mine, the less the risk of punishment becomes.

ed
ede3d957... 11mo ago

The ideological bankruptcy declaration always precedes the economical one.

It's time to leave Bitcoin.

If you are on Nostr you already know about the spiritual successor of Bitcoin.

If you still want to become rich of Bitcoain, that is one thing but please stop shilling the freedom, libertarian, bullshit. The system embraced you and you embraced the system.

I opted-out in 2010. Found a home for more than a decade in Bitcoin. Now life forces me to opt-out again.

Let's see if Monero is a longer term play.

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