Even if #bitcoin remains a niche, many would consider it a digital collectible and symbol of ingenious computer engineering. It’s a collectible with utility & inelastic supply. Demand is guaranteed to increase as our world becomes more digital & dystopian.
Does the type of wallet address on the ledger that holds the UTXO set determines the additional function & utility for your bits of data?
A pay-to-taproot (P2TR) wallet address I assume is different to your pay-to-script hash (P2SH) with how it interacts with your #bitcoin.
Updated my CV with:
-Aspiring Cypherpunk.
TCP/IP was the base layer for the internet of Information.
BTC will be the base layer for the Internet of value.
We are still extremely early to #BTC to suggest ossification in the base layer.We are still in the subsidy phase of #Bitcoin ,block rewards will continue till 2140,there are still many BIP’s to be implemented, Halvings,nodes and miners to come online & decentralisation to occur.
The #Bitcoin is no where near completion Anon.
We are still studying #Bitcoin to understand what it is and what its potentials are.
All we know is that the immutable, permissionless, open source Ledger’s digital token has perfect monetary properties.
Where The #Bitcoin protocol standard is a reference implementation in Bitcoin Core, The Lightning ⚡️ Network is defined by a series of standard documents called BOLT (Basis of Lightning Technology) .
I hope #Bitcoin culture and code will always be open source. Everyone can collaborate, share and have community participation in the development process🧡.
I’m not a know it all Anon and I don’t want to be one either but as I’m learning about The Lightning ⚡️ Network and how amazing it is, I was to share it’s awesomeness with The World🫡🧡⚡️
Nano payments are possible on The Lightning ⚡️ Network with millisatoshis which is a thousandth of a Satoshi.
For the Lightning ⚡️ Network, The #Bitcoin Timechain acts as a robotic judge in a court system. When Lightning channels are opened and closed, #BTC approves and penalises any bad behaviour from parties through smart contracts.
Free market dynamics are complex.
When every participant has access to a super computer with the world’s knowledge at their finger tips, further layers of complexity are added.
And now every participant has access to an automated central bank on their phone via TimeChain technology.
Every participant can have a 24 hour world class personal assistant through AI applications.
Legacy institutions cannot manage or control what the economy & world are becoming.
It’s becoming Borderless, Open, Permission-less, Decentralised Freedom.
lol when those who do not study and learn #Bitcoin ask & ponder on the silly question…will #Bitcoin ever reach its ATH again🧡⚡️
The World is not ready Anon but it will adapt.
The killer app for the Internet wasn’t the web, but the ability to ‘surf’ the internet. The HTTP (hypertext transfer protocol) is what allowed users to surf the Internet, click on links and dive down a topics rabbit hole of their choosing.
It created a ‘living’ internet. You were not just looking at a file of data.HTTP & the systems that organised the internet,made the internet navigable.The ability to travel through the information you were looking at. Before this, all internet information was static & curated for the user
What will be the killer app for The #Bitcoin protocol?
In the permissionless, decentralised ecosystem it is not only #bitcoin that is scarce.
On The #Bitcoin network a scarce resource is block space.
On The Lightning network⚡️ a scarce resource is channel liquidity & channel connectivity.
The Bitcoin is scarce and abundant.
In #Bitcoin ’s simplicity, there is complexity. Through chaos, it finds order.
It’s bright orange but has been described as a black hole.
It’s been analogised to things in nature like a colony of ants, the planting of a tree, a honeybadger, a mycelium network & a form of SoftWar
The ‘Great Multifaceted Paradox’ #Bitcoin
I’m thinking a-bit ahead with this one but if an asset manager is well connected and heavily invested in #Bitcoin they would dedicate resources towards recruiting top talent to work on #Bitcoin and make it a very lucrative venture for professionals.
It will interesting to see the innovation and development that will happen in the space with the quality talent that’s going to enter as #Bitcoin grows and becomes more adopted. It could accelerate HyperBitcoinization🧡 nostr:note1j8ykuztjs0cuzh2jqrzw5kmqht0lz8l72pdcek9wj8zkvnwezl5qehajqd
‘Biggest concern with the ETF is if we have a situation playing out where the fund manager wants to enforce changes on the Bitcoin protocol that’s not true to #Bitcoin ’s code that makes it presently very valuable.We could have a situation similar to 2015 fork debates’
Thoughts taken from @adam3us on @Swan podcast episode 131 ‘The Future of Bitcoin nostr:note1kxxhvsdsf9rxmafgd06eyyjdz0p6y4egh5vz29es83syxgxdreusdlwvhn
What if the creator(s) of The #BTC gave thought into who needs this tech the most and how do you allow the organic growth to benefit those from the ground up.
What if it was decided that generations and demographic that were most disadvantaged through FIAT should have dibs?
Anon, why are you excited?
Because your own pockets will be getting heavier or because of the benefits those that really need it will gain from the increase in market price?
It can be both. More of anything related to #Bitcoin is great for the world.
Sometimes I wonder and daydream what being a #bitcoin 🐋 is like. What would your social connections, perception & experience of life be. It be interesting to have an interview with different 🐋 ‘s and what their coin story & life must be like?
@natbrunell make it happen🧡
Feeling cosmic as f**k this evening🧡⚡️