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Stephan Livera
19fefd7f39c96d2ff76f87f7627ae79145bc971d8ab23205005939a5a913bc2f
#Bitcoin Podcaster and Advisor to Bold
Replying to Avatar dgy

Has nostr:nprofile1qqspnlha0uuujmf07ahc0amz0tnez3dujuwc4v3jq5q9jwd94yfmctcprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcpr3mhxue69uhkummnw3ez6ur4vgh8xetdd9ek7mpwv3jhvtcgllzeu been corrupted by some (hidden) interest conflict as well? This is certainly not a Austrian argument https://x.com/stephanlivera/status/1917983490605498599?t=vYHYczywIDNH4mzMvfyzig Who owns the houses being distorted? That's communist ideology. The house owners are free to use spam filters if they like to do so to prevent their houses to be distorted would be the correct analogy.

Of course you are free to run software with filters on it. There's a difference between what works at the network level and what people individually do.

Reasoning by analogy isn't going to work here IMO

Yeah I find this an interesting dynamic where AI replacing search changes the model on ads. Maybe it drives people to get their info from 'trusted' personalities and people on social media instead of old school corporate.

But that also can drive bad tendencies too with low effort engagement farming and clickbaity 'influencer' type behaviour.

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With bitcoin on chain transactions this cheap, arguably the bottleneck to adoption is not a technical one, it's economic.

all the AI news of the last few days makes it even clearer that bitcoin is essential for individuals, businesses and even governments.

it will be the main way to store value sooner or later.

Enjoyed my chat with Andrew Hohns of Newmarket Capital / Battery Finance on bitcoin collateralized lending and where this market may go. Check out the ep here https://stephanlivera.com/episode/630/

Even so, this is the difference between earning revenue in bitcoin vs holding bitcoin on your balance sheet.

One is on your income statement, the other is a balance sheet asset.

Could be saving for uncertainty in the future, career and learning opportunities for the kids, could be business opportunities in future.

Of course housing is one of those things, but the point here is more like: wait until it's a very small fraction of your stack to do it, and view it more like 'consumption' or a lifestyle purchase at that time. Not as an investment.

Bitcoin will demonetise housing and change the nature of the property ponzi.

So in 2025 where there are still a lot of people who think rental property investment is a good idea, aren't they effectively holding the bag?

Isn't it more efficient to rent a place, let them own the demonetising asset, and they pay for the substantial maintenance, take on depreciation and other risks - while you HODL on?

True! But even there, there are limits to how much they can print before facing negative consequences e.g. less people wanting to use their fiat or hold govt debt bags.

I wonder to what extent this 'tempers' their theft/printing

Many governments will go through the same mistakes that individuals and businesses made over the years:

- shitcoining

- thinking they have to mine

- not being serious about accumulation and self custody of bitcoin

Examples:

- The pension ponzi (why should young talented people sacrifice themselves on the fiat altar)

- "just go to uni and get a good job" - not when universities are overpriced, woke indoctrination centres

- Over taxing and over regulating nation states - people will 'take their ball and leave' if they're not offered a reasonable deal

Whatever "social contracts" there were in the fiat money era, they will be renegotiated in the bitcoin era.

Low quality money, low quality behaviours.

High quality money, high quality behaviours.

Silent Payments is a new approach to improving privacy and useability of Bitcoin. Imagine not needing to manually create new addresses? Josie and Ruben Somsen join me to discuss how it's possible.

Silent Payments overview

Contrast with other techniques such as BIP47

Light client support

Stopping address re-use

Base layer privacy discussion

https://stephanlivera.com/episode/579/

Agree its an interesting idea.

All the swaps could get expensive though, remains to be seen if it would as attractive as it is now. Though perhaps now is being sort-of-subsidized by Muun?