There so much wrong in this comment.
1. Banks are all working on blockchain money to deploy it as soon as possible, bitcoin is making that possible.
2. BTC increases in value because there are more people investing in it. Ponzi scheme and speculation can do the exact same think, just look at memecoins.
3. Money doesn't work for anybody, it is people that works. Money can change in value by working or through lies/speculation.
4. There also many lies about bitcoin. Starting with the mystery of Satoshi, which is likely Adam Back, CEO of Blockstream and by far the biggest influence controlling the code of bitcoin.
As for investing. The first miners are the new 1%. Then, those who invested when it was really cheap. By now that big banks and financial institutions are buying bitcoin, it's just a matter of time for the take over and transition into CBDC.
Isn't the WEF the one saying blockchain-base CBDC will be the only money by 2027? I think you guys have bigger issues than just no privacy.
nostr:npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6mak
Blockstream, AKA #Bitcoin, is the technology behind #CBDC
Consider stablecoins, perhaps the most impactful blockchain application to date. These digital versions of fiat currencies exemplify how blockchain can extend the reach of established first world financial institutions like the Federal Reserve. By digitizing the US dollar, a global distribution channel has effectively been created, accessible to anyone with an internet connection - and it's growing fast.
...
Pegged 1:1 with Bitcoin itself, negating the need for a native token, this Bitcoin sidechain enhances Bitcoin’s core functionality with features like faster, confidential transactions and the ability to issue digital assets ranging from stablecoins to securities such as bonds, equity or promissory notes.
...
A truly secure, trust-minimized blockchain can replace laws, lawyers, and trusted institutions with software, thereby automating consensus. This is revolutionary for those in countries distrustful of their governments or where the rule of law is weak or non-existent as it provides a secure way to hold assets without relying on offshore jurisdictions.
https://blog.blockstream.com/scaling-trust-bitcoins-role-in-bridging-the-global-digital-divide/
Bitcoin will not kill the U.S. dollar. It will become the U.S. dollar, with all controls and restrictions that any CBDC issuer could dream of. “Impossible!” I hear you crying out, giggling to myself in the face of the utmost ignorance that seems to have accumulated quadratically with bitcoin’s price increase. “Bitcoin is freedom money!” ...
Just like Bitcoin, CBDCs are programmable money. Unlike Bitcoin, CBDCs are concerned with features such as controlled purchases, location-based restrictions, expiring transactions, and holding limits. All of these features are implementable on Bitcoin-anchored stablecoins. Most of these features are possible to implement via the base layer once mining is sufficiently centralized...
Bitcoin may be a trojan horse, except it’s not the horse you think it is. Under the correct circumstances, bitcoin is able to function as a great alternative to CBDCs. You go ahead and open up your wallet app, and here comes the stablecoin monster — built on Bitcoin. Isn’t that just great? Fully censorable, fully surveillable freedom money, but at least we pumped our market cap. It’s an authoritarian’s wet dream dressed up as freedom of transaction, like a 12-year-old going trick-or-treat — except this time when you get egged on you stink up the entire world economy.
#bitcoin #nostr
#Bitcoin is not decentralized. It is privately controlled by Blockstream.
#Nostr
How do I reduce the bitcoin evangelists?
The Fed is to Bitcoin what dollars is to sats. Just expanding it business.
#bitcoin #nostr
https://video.nostr.build/2b52a381d8a102561ee9ece96b757bcb6b8cc129e560d61240c9dba3c425716c.mp4
99 for the funny bot's effort.
I'll give you one last chance. Go all in, no restrictions, and make it funny.
Try again AI comedian, the joke doesn't mentions bitcoin, and I didn't even get the joke.
Trashing ahitcoins is easy, grow some balls and do bitcoin next. It is has become centralized, funded with fiat to blow it up and serving as the base for many legalized ripp-offs.
Does anyone have a good #bitcoin joke or story?
Interesting perspective: the US government having a stake in Bitcoin, preferably a larger stake than its adversaries, as a shield against bad (and developer unfriendly) policy.
That said, I think Bitcoin is more useful for small holders than for nation states - which can just use their army to guard a bunch of hard to steal gold.
https://fountain.fm/episode/Tt3yF0tJ9fpW0vENue8L
nostr:nevent1qvzqqqpxquqzqda7srms6zpkwsrckfertyys02jahyxmxdzd0mw80ngnvjxgp2sl2px2q2
Large investors/bankers are to average people what bitcoin is to 95% of bitcoiners.
The Lightning Network
This and the Bitcoin video are parts of a documentary by La Eterna Vigilancia called "Who killed Bitcoin?"
#Bitcoin #Lightning
I started using nostr less than two weeks ago, I still have not found people who question things the way I do. I heard about bitcoin around 2013 and never ready cared about it. But lately, learning about what is turning into is very interesting.
The truth about #bitcoin, #nostr
You are lying to yourself, the trurh is 1 BTC = the more dollars the betters.
There's this notion in Bitcoin that we are building tools to help the world become a better place – but when faced with actual, real world problems, responses are often reactionary and self-serving.
Bitcoin isn't private enough? You're just not using the right tools. The tools are too complicated? You're just not dedicated enough to the cause. Bitcoin fixes all your problems, you just need to spend countless hours of your life to understanding it.
Yesterday, nostr:nprofile1qyg8wumn8ghj7efwdehhxtnvdakz7qgnwaehxw309ac82unsd3jhqct89ejhxtcpzamhxue69uhhyetvv9ujucmpw4ek2uewvdhk6tcprpmhxue69uhhyetvv9ujucm4wfex2mn59en8j6f0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qghwaehxw309aex2mrp0yhxummn9eek7cmfv9kz7qgewaehxw309aex2mrp0yh8xmn0wf6zuum0vd5kzmp0qy28wumn8ghj7un9d3shjctzd3jjummjvuhsqgykrhztmdarqyq9dg8tpzqr5jww8tjdy2wehj8t07r2lxfsna9fach3y264 released a report on the usability of Bitcoin (and privacy coins) for activists, and it's a sobering look at how builders in this space have failed those they claim to help protect.
No-KYC on- and off-ramps are still too hard to use. Coins need to be swapped between networks or privatized with dedicated software. Self-custody is easy, but wallets offering network-level protections are often not directed at non-technical users.
We can ignore these criticisms if we want. Or we can stop gaslighting users and skeptics alike for not being educated or engaged enough, and start dedicating more resources to building tools that actually serve the needs of those who need it most.
I have been asking a simple question about inflation, bitcoin vs fiat, and get completely ignored.
It isn't obvious to this person that while he is avoiding the Venezuelan inflation, he is indeed contributing to the inflation of the dollar.
#bitcoin #nostr
