People are not good at compartmentalizing
The government can print an infinite amount of dollars, when bitcoin becomes the money they can no longer print "money" making them beholden to tax payers and giving the power back to the people which naturally reduces government size drastically forcing government to focus on a few key issues resulting in libertarianism.
On Twitter I was purely a consumer. My goal on #nostr is to be a contributor.
The mental shift happening by normies and boomers to pricing things in gold is the gateway drug to bitcoin.
When a rock outperforms stocks, people start waking up.
You canāt fix anything politically if the government can just print money. The only way to bring about libertarian small government is to defund the government by taking away the money printer.
Met with an older guy who had gone down the rabbit hole after a few discussions with me. About a year later he decided he was going to buy 15 bitcoin. He wanted me to show him how to do cold storage.
Long story short I told him āthereās a non-zero chance that bitcoin fails.ā
The shock on his face Iāll never forget. It shook him that I could be 100% all in on bitcoin and say something like that.
I donāt know if he ever bought.
These are the dumbest kinds of bitcoin posts
So one could argue he has done a lot of good but people are mad because he isnāt going ALL THE WAY.
Very well could be. Iāve heard positive things from Argentinians.
Same. Plus it is such a better consistency than any other tallow product Iāve tried. None of those worked for washing hair and I use my bar of soap for that too.
Young and volatile. Long term I think Bitcoin will be the most pristine collateral for many reasons.
The market will have to change that. When someone starts allowing 75% LTV others will have to follow. When they start charging 7% API others will follow.
Rates are already way down from 1-2 years ago when unchained was charging 18% API after fees.
That is my understanding. And it would take years to move all coins to quantum resistant addresses.
Yes but obviously a reason for a sudden move. Just wondering who said what this time.
Saw bitcoin popped to 113k. Why?
If I still had twitter I would know. Who should I be following on here?
I think when it comes to a network like bitcoin you have to always assume the worst and assume that a bad actor with enough resources will try to break bitcoin. What that actually looks like, I don't know.
I remember hearing from someone about moving bitcoin to quantum resistant addresses (way over my pay grade) or something and the shear amount of time it would take to move all bitcoin with the limited block space means that an upgrade of that type would take many many years.
Again, over my head but I would think that instead of discussing how quantum isn't a realistic threat right now we should address what to do if it is in 10+ years.
Yes, I understand that. And many have argued that if bitcoin is breakable, many other things would have been broken first (like bank accounts). However, a centralized organization or company will more easily and quickly adapt than a decentralized one, correct?
Can we talk about quantum threat to bitcoin?
I understand that it is years away, but won't it take years to upgrade bitcoin? Isn't this where we need to be focused instead of waiting until its a real threat?
Most of you on here are much more informed than I am. What's the current status on the quantum threat to bitcoin and potential long-term solutions?
I know some people who live in argentina and they are (or were) excited about Milei. However, he has definitely not done what he said he was going to do. Just like all politicians.
I tried nostr:npub1zzmxvr9sw49lhzfx236aweurt8h5tmzjw7x3gfsazlgd8j64ql0sexw5wy a few months ago for the first time based on recommendation from nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy on Twitter.
Mind blowingly good product. Iāll never use anything else.