Agree. I meant supply and demand of computing power vs demand to include transactions. I would imagine if there are 100’s of millions of little solo miners, connected to a small solar panel, I would process transactions for free. Just to keep the mining network decentralized.

Would the supply and demand equation change if everyone runs a solo miner (I’m talking multiple millions of people)? Also, re attacks, we somehow lost momentum on nodes, 18,000 and decreasing…not enough.

Everyone should rund a small solo miner. Millions of solo miners would do the trick.

Make it easier for Nostr to be a market place…go.

Yes #Bitcoin will rise forever. I’m even more optimistic. IMHO this version of the Power Law uses the USD as a proxy for adoption. As the value of the dollar inflates at an increasing rate AND Bitcoin adoption accelerates, the USD/Bitcoin exchange rate will accelerate and detach from the above equation. A more accurate representation of the Power Law would be Bitcoin in terms of goods and services, or another direct representation of adoption.

What needs so much development?

Yes, ala George Orwell‘s Animal Farm or Shakespeare‘s MacBeth. People are a bitch :)

Luckily-#Bitcoin cuts off large scale corruption at its feet. The initial increase in purchasing power caters to greed, but the more it’s being adopted as MoE and SoV, the more there are consequences for corrupt decisions. It turns toward altruism whether people like it or not.

It should be pointed out that these are store of value (SoV) assets today. One should, at this point, also use the proper words, as their definition vs their use has changed to confuse us. An investment is a case where you give your Bitcoin to someone in return for a share of their profit. Let’s say your associate wants to open a bakery and it costs 4 #Bitcoin for the equipment. But he only has 2 Bitcoin. You can invest 2 of your Bitcoin in his business for a share of the profit. That’s different from SoV.

Is #Bitcoin an investment or is it money? You can’t invest money in money. Is the increase of #Bitcoin‘s purchasing power a ROI in fiat money to you? Bitcoin turns greed into altruism, so it ultimately doesn’t matter….

Do we have a #Bitcoin adoption problem, if we rely on the Chinese, Russian and US governments (via ETFs) for adoption? What if the ETFs don’t create the desired snowball effect? Is adoption momentum stalling? What’s next?

Are the fiat world ETFs the only thing currently going on in terms of #Bitcoin adoption? Is this a problem?

We are already there…with it goes architecture, beauty, sense of place. The belle époque ended in 1913. Old metro/new metro

We are already there…with it goes architecture, beauty, sense of place. The belle époque ended in 1913. Old city/new city

We are already there…with it goes architecture, beauty, sense of place. The belle époque ended in 1913. Old mall/current mall.

People are very surprised they don’t get a lot of likes, followers and responses on Nostr. On Twitter it’s all automated and a lot of it is “fake” to stimulate endorphins.

“People will come to love their oppression, to adore the technologies that undo their capacities to think.” - Huxley

So the real world community, the movement may always be small.

I think it’s similar with Bitcoin, most people live paycheck to paycheck. They don’t care and don’t have time to think.

Luckily with Bitcoin, it turns greed into altruism. Since during hyperbitcoinization it has an extreme upside in purchasing power. And after hyperbitcoinization there will be consequences for bad behavior.

I personally see the power of Nostr as a market place. Peer to peer. We can communicate globally and pay with Bitcoin. Immutably documenting everything.

Seized Bitcoin? FUD

Mixed mode, greed and freedom. I would say, Bitcoin turns greed into altruism.

IMHO we can’t vote ourselves out of this, a couple of thoughts by other people:

H.L. Mencken explains why democracy is doomed in 10 points:

1. People don't want freedom but safety: "The average man wants the peace of a hog in a comfortable sty."

2. Democracy INTENSIFIES groupthink: "Democratic man is quite unable to think of himself as a free individual; he must belong to a group, or shake with fear and loneliness."

3. Democracies are plutocracies; they're run by the aristocracy of money. But the plutocracy "lacks all the essential characters of a true aristocracy: a clean tradition, culture, public spirit, honesty, honor, courage—above all, courage. It is transient and lacks a goal."

4. The plutocrats lack "an aristocratic disinterestedness born of aristocratic security." He submits. He can be bullied and broken.

5. Democracies birth their intellectual apologists - Mencken calls them "pedagogues." These are not genuine thinkers; they’re "men chiefly marked by their haunting fear of losing their jobs." This describes most journalists.

6. Democracy is anti-excellence. Freud said we repress our sex drive as it’s frowned upon...but there’s nothing that democracy frowns upon more than a CLEAR proof of superiority. Democracy says "the most worthy & laudable citizen is that one who is most like all the rest."

7. Mencken explains how this era demands we repress our greatness: "A man who has throttled a bad impulse has at least some consolation in his agonies. But a man who has throttled a good one is in a bad way indeed. Yet this great Republic swarms with such men, & their sufferings are under every eye."

8. Mencken on the two worst crimes in a democracy: "There is only one sound argument for democracy, and that is the argument that it is a crime for any man to hold himself out as better than other men, and, above all, a most heinous offense for him to prove it."

9. Mencken: "The democratic politician, confronted by the dishonesty and stupidity of his master, the mob, tries to convince himself and all the rest of us that it is really full of rectitude and wisdom." To gain power in a democracy, men sacrifice their self-respect...

10. Mencken believed democracy will cancel itself out: "Democracy may be a self-limiting disease, as civilization itself seems to be. There are thumping paradoxes in its philosophy, and some of them have a suicidal smack."

-a tweet from @oldbooksguy

Cognitive dissonance?