sorry to hear that and hope things are getting better. Looking forward to the music !
reminded me of this.
I don’t know if people understand how valuable this innovation is.
When it comes to bitcoin, there’s the asset camp, dude owns 20% of Bitcoin, potentially gaining significant market influence if used as asset only. Then there’s the other camp that genuinely believes monkey jpegs will prevent state attack, and justify high fees - and the aftermath tokens and small banks in a bankless environment.
And there there is this camp - one I believe in, on spreading use cases and operation (layer and power) far and wide to the people in all corners of the world as a means to prevent single point of attack. Nodes, decentralised mining, high computing power with nanotech so that everyone can mine independently are all in the right direction.
those are very passionate chat bots lol! but interesting read and good info. Is this 2 diff LLMs debating with each other? That's crazy, insanely wild and cool!
thanks for sharing. i think a lot of changes happened the last 10 months hence not sure of the relevancy of this comparison. What may have been a special feature then could be a basic feature now. I hope someone else has a better and more recent matrix or rework this.
that's wise. I don't know if i could have demanded for a total loss but if i did, i would have cut my losses early, saved a lot more money and no drama.
i think when corruption becomes part of culture, its very difficult to combat it head on.
A couple of years back when I took on my first job, one of the first things I did was to buy my dad a new car. My dad has only driven old cars. I remember when we were kids, he had this old Morris Marina and on the way to church there was a thunderstorm, the wiper stopped working and the bonnet flew up covering the window. I have no idea how he managed to pull over and close the bonnet back, but that was probably the best car we had growing up. And so it was really nice to get him a brand new car. He was so happy.
After a few months, the new car had a small dent (it happens) so my dad sent it to a workshop for a paint job. Unfortunately at the workshop, a 3 tonne lorry smashed into the car.
Coincidentally the workshop claimed to represent the car manufacturer and the police were there recognizing the credibility of the workshop. They claimed to be able to replace all brand new parts as the car was under manufacturer's warranty. I agreed to the repair.
Unfortunately they half-cut the car and patch it with another junk car. It only cost them 10% of the insurance amount they filed for the repair.
It was fraud and an illegal move but they paid off the car legal inspection to claim it was safe. There are certain angles that you can half cut the car so that it won’t split open, but they did not abide by any engineering rules either.
I refused to take the car and filed a police report but they also paid off the cops. I filed 11 reports, and no actions were taken. There was a time I remembered the cops just laughed.
And all throughout this time I served the car loan for my dad’s car (and my car) so that my credit scores didn't get hammered. And I also had to pay off the numerous summons under my name and parking tickets the workshop caused me as they were using it.
I asked the bank to repossess the car but they could not enter private premises. I spoke to the car insurance and that’s when they told me they had many cases like this and it was a massive car scam.
Eventually I took the case to court. I won the case, and was awarded a very decent sum of money as reimbursement. My dad passed away before this so he never knew I won the case.
But I soon learned that winning a case and getting the money is two different things.
The workshop filed for bankruptcy, as they also defaulted payments to the banks.
There is a gov’t insolvency agency who is in charge of liquidation and after 4 years of me following up on the money, they sent a letter 2 weeks ago saying the workshop has no assets and they will not be pursuing liquidation.
I don’t know if they were paid off too but corruption is so common here, it won’t be surprising to me.
The workshop is humongous, with a lot of tractors and big machinery. Ironically, they are still in operation, just registered under a diff company name.
A lawyer friend of mine asked me to go down the path of engaging the courts to hire private liquidators instead.
It would be nice to have the money but the thought of another legal process is just overwhelming. I have not been able to decide.
Sometimes I want to stand for what I believe in, but sometimes I’m so beaten down I just want to give up and move on.
A splatter a rumble, Bumbershoot barrels of rain
It's tough when the state and elites both leeches off people. I think the goal of bitcoin is to spread the operation far and wide to overcome a single point of attack, instead of pursuing who has bigger balls to jack up the fees - ego wars never benefited mankind.
But I appreciate you and and I appreciate your perspective and thoughts, it's always a pleasure speaking to people who widen my perspectives. I think the more we can speak about the challenges in the real world, the closer we would get to finding solutions.
On a diff note, you might enjoy the exchanges Martti had with Satoshi, I think it's on his note here. For some reason, Satoshi was under the assumption Moore’s Law would kick in at full force to overcome the hash power needs. You and I probably built on the micro and millimeter range, but nanotech has been around for over 30 years so it's really great that Block picked it up in building the mining machines based on it. I don’t know how much it can decentralize the mining operation but that’s one solution to look forward to.
I think if we spread the operations and user adoption far and wide in terms of Bitcoin as money, and speed up entry points for the people before the gov’t catches up, we would derisk a lot of problems. But I might also be on the hopeful end of things.
you can replace ordinals with any terms, cause and effect that induces the rise of fees and its the same thing - it makes market entry points for the people difficult
It’s a great video, but it has certain assumptions that take too many shortcuts. If it's with the assumption that thanks to ordinals and their high fees, it prevents gov’ts, well that’s only because high fees prevent easy market entry points, which prevents users - and if no users, no gov’ts. Another assumption was that people are in power to decide whether to receive it or not, and if they chose not to receive it, then the other parties have to do better - which is great theoretically. But in reality, this led to creators building tokens and shitcoins out of bitcoins as a representation of bitcoin to reduce the fees from the aftermath of the previous problems and became their own small little banks defying the overall bankless goal. The moment we start complicating the simple things, it gets messy and it compounds.
i think the probability of it happening would be diff then and now, but more so the piece was on the purpose of Bitcoin. I should have framed it better.
no it's not, lol.
Maybe TikTok ban is a good thing. It could serve as a wake-up call on how gov’ts can control their lives. Try to cut off an instant gratification / dopamine hit for people, they are going to react.
Question is - how do we educate people in understanding what they are going through? There is no better time than now in creating awareness on how the real world works and how they can break free.
We don't even have to sell them Nostr, as i think Nostr would come naturally to them once they have this awareness.
sigh. how does it work though ? you mint memecoin from bitcoin ?