CHRINOs….
Christians In Name Only…
CHRINOs love dishonest Fiat money and Forever Wars.
Exit CHRINO Clown World through the #Bitcoin Gift Shop.
You’re not a real Christian, Jew, or Muslim if you aren’t advocating for honest money like Gold & #Bitcoin.
I don’t care how much you believe in the Torah, Jesus, or Mohammed… or how often you pray.
If you aren’t pushing for sound money, then your “Faith” is a Fugazi.
About those Stablecoins like @Tether_to and USDC they’re just a Parasitic Mimic/Fiat Trojan Horse attack vector against Bitcoin & Liberty.
I urge #Bitcoin influencers of all stripes to admit that Stablecoins backed by US Treasuries are as much of a trap as Dollars in a Fiat bank account.
The best growth vector for #Bitcoin Plebs to focus on is Ending the Fed and Abolishing Income Taxes.
P.S. Abolishing Income Taxes and Central Banking is just another way of saying Abolishing Slavery.
I am Scam. Scam I am.
Do you like DickButts & Spam?
Do you like them on a rock?
Would you like them in a block?
Do you like them on a train?
Would you like them in the chain?
Do you like them on your groin?
Would you like them in #Bitcoin?
Would you like DickButts & Spam?
It’s not that I think SegWit & Taproot were categorically bad for #Bitcoin.
It’s that I think:
1) They weren’t absolutely necessary.
2) The 2nd order economic effects of witness discount/block size recalibration weren’t fully considered.
3) SegWit emerged from contention.
4) It’s not unreasonable to say that building user understanding of Sound Money should have been the #Bitcoin community’s primary objective back in 2017 and is still our primary objective today
Building understanding in human mental nodes 1st is the optimal order of operations.
If enough Fire users behave irresponsibly with Fire, then we won’t be able to use Fire productively for our benefit.
If enough #Bitcoin users behave irresponsibly with their BTC, then we won’t be able to use #Bitcoin productively for our benefit.
If enough users are deliberately wasteful and irrational with how they use #Bitcoin, then this irrational behavior will be reflected in the #Bitcoin Difficulty, which diminishes the protocol’s utility as a rational price discovery tool.
If fees aren’t high enough, then the most inefficient miners shut down, and the #Bitcoin difficulty adjusts down until an equilibrium is found.
If you don’t believe in the efficacy of free market price discovery, then it’s easy to be scared about fees sustaining the network.
The Spam Grift driving up fees on #Bitcoin is “easy come easy go”.
The fees can fall back down as easily as they spiked up.
This could lure many unsuspecting #Bitcoin miners into a trap if they’re turning on ASICs because of higher fees.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcT-fnw0eTD8UAfwq6njKY5ZN63C1bPBeSSIVcmuThltgg&s
We become stronger in #Bitcoin if we synchronize our behavior responsibly in the direction of freedom.
Spending & saving responsibly in #Bitcoin is a positive sum game.
Trading DickButts using #Bitcoin are zero to negative sum games.
Understood?
Swim down. Swim together.
When you say “we should be worried about the security budget”…
I say “Difficulty Adjusts + Proof of Work + Free Will + Fiat Dollars still suck = you’re wrong to be worried about the security budget”
#Bitcoin Plebs need to step their game up on the critical thinking front.
Scales, weights, and measures are tools for verification and accountability.
Without tools like these, commercial and scientific pursuits would be a lot harder.
What these kinds of tools do for humanity is taken for granted.
#Bitcoin reminds us not to take them for granted.
I disagree that fees are designed to “pump forever”.
Fees & #Bitcoin difficulty are in a never ending equilibrium seeking dance.
Fees will rise & fall. Only super predictable & fixed design constants seem to be ~10 min block interval & 21M #BTC.
The Dollar is a corrupt money.
Tether is a tokenized Dollar.
Therefore, Tether is a corrupt tokenized Dollar money.
#Bitcoin is what you need. Stay away from Tether.
Do #Bitcoin miners understand how intentionally driving fees up with spam distorts their own economic cost functions and price signals?
My guess is some miners will turn on more ASICs in response to these distorted price signals.
Caveat emptor as always.
If the high #Bitcoin fees right now are primarily being driven by spam, grift, and money laundering, then all I can think about is how much miner economic and investment modeling could be/is being distorted.
Beware the price distortion attack from Fiat Grift Culture.
Security budget fear-mongers conflate idiosyncratic risks for individual miners with systemic risk for the entire #Bitcoin Protocol.
They under-appreciate price elasticity (difficulty adjustment), demand for Sound Money, and #Bitcoin’s Infinite Game qualities.
#Bitcoin Plebs remain the most honest, vocal, skeptical, passionate, and diligent critics of #Bitcoin.
This helps explain why we’ve been able to keep dunking on the haters every 10 minutes for the last decade.
“Money gained by cheating others will soon be gone. Money earned through hard work will grow and grow.”
-Proberbs 13:11 comparing the Fiat Standard vs. #Bitcoin standard.