We’ve created a fiat system that promotes wealth inequality on a global scale. Resources and property are scarce and fought over by countries.
We are on the precipice of A.I and Robotics being used in warfare. That power in the wrong hands will be catastrophic.
The #Bitcoin when allowed to flourish, will promote global economic abundance and allow society to focus on more productive endeavours instead of using that energy to fight over property and resources.
It’s mind blowing that The World 🌎 has not got behind The #BTC & that there are humans that will oppose it for various reasons.
With time, the world will value The #Bitcoin , for what it is…a gift from our Maker to get us on the right path again to what the meaning of Life is.
“It’s the most important technological tool for future capitalization and for allowing democratic access to currency on a global scale” - Lule.Demmissie eToro US CEO on #Bitcoin
What’s important for The #Bitcoin mining industry is to continue geographic decentralisation of mining facilities and aim to utilise energy from sites at zero cost (renewable energy, methane gas from oil mining and landfills etc) to power mining facilities.
The #Bitcoin mining industry are the buyers of last resort for cheap energy. They invest in infrastructure and provide jobs for the local community.
Thoughts taken from a mining panel at The #Bitcoin Miami 2023
The Changing World will belong to those who master the code and application of The #Bitcoin and A.I
Hopefully this #Nostr post ages well.
With The #Bitcoin block reward becoming less than 1BTC in the next decade, transaction fees will be critical for incentivising investment in mining servers contributing electricity and hash-rate to the strength and security of the network to deter attackers.
When fees are low, The #BTC base layer will need apps developed on it that will increase the need for block space, thus increasing TX fees whether it’s Ordinals, NFT’s or smart contracts. Do not see these as spam but rather self regulating mechanisms that improve the firewall.
The #BTC was created for P2P TX of value with minimal intermediaries and human intervention.
History does not repeat but it rhymes. In 2017, similar scenario played out resulting in The BlockWars. Back then Lightning⚡️ was a conception but now it’s implemented as a payment layer
⚡️ is the solution to the possible problems of a congested meme pool.
The #BTC is an ecosystem of Rules and when stress is placed on it, it will grow and develop around those stresses to become more resilient and anti fragile.
Thoughts taken from the brilliant Tuur.Demeester
All my resources (time,energy, social & monetary) have gone towards Stacking SATS. However after the recent MicroStrategy Lightning conference,I’m bullish AF on companies that adopt #Bitcoin in their infrastructure. #BTC will go far,but combined with human capital can go further.
When #Bitcoin & #Nostr become common tools taken for granted by the masses, Cypherpunks and Coders will focus on the next challenge. The #Bitcoin will never be complete. It will constantly grow and develop with apps and protocols being built on it just like the internet.
Hash-rate always lags behind price appreciation. Buying #bitcoin is instant but setting up a mining rig facility can take time. When #BTC price appreciates, it can become more lucrative to partake in mining (due to energy required to accumulate a SAT) then to purchase #btc .
Due to the current cyclic nature of #Bitcoin, what happens by the time the mining rig facility is complete is that either the #btc price has depreciated or is performing bearishly.
Either way, increased Hash-rate is great for the security and strength of The #Bitcoin network.
Payment channel protocols will be our greatest tool against the spam wars that will result from open source AI. It’s function won’t be to make a profit but to filter out the noise on the World Wide Web. The #Bitcoin allows this.
“FEDI will allows the creation of community banks that are aligned with the specific incentives of the community” - Lyle Pratt
“Gamification of Employee Engagement” - MicroStrategy using the power of The #Bitcoin
Giving low to middle management the ability to zap/tip company employees SATS for a job well done on the spot will definitely contribute to a better productive work environment.
One of the ways The #Bitcoin will change how we do business and achieve desirable work outcomes.
Fedimint is confusing AF but just like trying to understand the technicalities of The #BTC , it only really clicks when understanding the possible practical applications of the protocol and giving examples of how it can be used, this helps with getting a grasp of its significance
The best way to store your Bitcoin is cold storage through Multi-Sig. But not everyone will want to or can do this. Either because of effort and technical difficulties or because they live in a environment that won’t allow this.
Communities that have poor living infrastructure that limits personal privacy and security of possessions, makes cold storage very difficult.FEDIMINT allows for these communities to have community banking done very easy on The Bitcoin protocol.
Salute FEDI 🧡🫡
Fast forward the timeline:
Tele-Bitcoin, a layer 5 scaling solution that allows the user to communicate with The #Bitcoin Ecosystem telepathically by installing a chip in the users brain.
Combining powerful technologies to achieve cosmic results.
The #Bitcoin is perfect money.
Money is not the root of all evil but reading the history of individuals who made massive contributions towards The #Bitcoin and discovering that 2 of its contributors deceased due to mental and medical illness does raise an eyebrow.
Wow that was quick! Was it The Flash⚡️? Nope, it was The Lightning Network⚡️…sending the same single SAT 40 times to different recipients within a second.
Bullish AF for The #Bitcoin
I predict that with what is going on in South Africa, there will be grid collapse , hyperinflation and collapse of the Rand. It will result in citizens being forced to use the digital Yuan.
But what do I know…I’m just a #Bitcoin guy.
“Stack SATS” is a way of life for a Bitcoiner.
This very popular mantra not only applies financially.
You “Stack SATS”by partaking in The #Bitcoin eco system.
You “Stack SATS” when you spread the word of #BTC
You “Stack SATS” when you create and consume #BTC content.
Every neighbourhood has that homeless guy who every Sunday morning walks down the street yelling about The Holy Word.He gives zero f*** about validation. He does it for the Love of what he knows and wants to share it with the world ♥️.I am that guy everyday on Twitter about #BTC
The #Bitcoin community must stand together and troll NoCoiner accounts on different social media platforms that comment on the dire state of economies and politics. We must do this in the most Cypherpunk, Professional, Loving Toxic BitcoinMaxi way possible🫡🧡