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bluethroat
1a584d925103385240ac514dd7d8439cd30217015d192906889d2e2b580a5969
A stranger and a pilgrim
Replying to Avatar Alice

Some kind of morning glory I suppose

I'm with you in striving for the fearlessness and vitality exhibited by the character of Tom Bombadil. Honestly though, I doubt if Bombadil would be a bitcoiner, since his sole refuge seems to be the eternal Spirit. Recall, in the council of Elrond it is said that Bombadil would probably, if begged to do so, agree to be keeper of the Ring but "he would soon forget it, or most likely throw it away. Such things have no hold on his mind." Would he have done otherwise with a seed phrase? 🌿

Frans Hals museum and Teylers museum in the medieval city of Haarlem, Netherlands

Weird times ahead. Both may be true though. Yes. There may be et presence. And yes. Govt lies about it.

Replying to Avatar Narwhal Tacos

I feel the doom-porn about Blackrock introducing a hard-fork of Bitcoin is dismissed far too casually. We need to have far more imagination about this.

Here’s my elevator pitch for how this thriller plays out:

BTC ETFs get approved across almost every large investment institution, become massively funded as the coming bull market ensues. None allow self-custody.

A narrative-friendly hard-fork of BTC is rolled out, Proof of Stake, ESG-friendly, yadda yadda.

Western/WTF Gov’ts worldwide pass legislation that all financial institutions must convert BTC holdings to this new fork.

To backstop any disruptive market-responses, Central Banks guarantee to support the price of the new offering at par w/ BTC, even provide new inflows as they announce programs to take the new & better BTC into gov’t treasuries.

Of course, trading in old BTC is banned, and miners receive massive incentives/subsidies to support the new protocol, essentially becoming public utilities.

Retail/Service businesses of all sizes are incentivized to accept BetterBTC, led by Amazon - most banks now gladly accept it as collateral for mortgages, loans, etc.

China leads an influx of non-Western countries along this same path. BTC was a threat to them as well, and they fomo to gain influence in the new Proof of Stake BTC.

Normies throughout the richest countries of the world notice nothing other than that Gov’ts ‘solved’ BTCs problems they’d been hearing about for years, and their net worth has soared.

The maxis of today flee to their respective El Salvadors, but find that even Bukele’s successor begrudgingly adopts BetterBTC alongside BTC & $US as currency because “market forces should decide which is best”.

Maxis continue to play “Don’t Stop Believin’” over the next couple decades, waiting for the great rug-pull the new Proof of Stake BetterBTC must eventually become, but secretly harbor fears their children have come to think of them as old tin-foil crazies like the gold-hoarder generations before them.

ANYWHOOO - my only point in spinning the above narrative is that I genuinely think if you’re going to doom-porn, you should throw yourself into it wholeheartedly.

Don’t care, not selling.

Effectively, back to the fiat standard. The need for a pow, capped supply money would remain though. Btc can't be uninvented. Let's pray for game theory to prevail 🙏

Replying to Avatar Gigi

GN

Is that viggo mortensen?

Dude, it's weird. I zapped your reply with 21 sats but they never showed up under the reply. Probably because they were sent to a lnurl different from the one in your profile: ln...pts

I assume this was generated by your wallet?

No matter, just wonder about the technicalities.

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