Too many #ordinals pfp projects are all male like wtf

Maybe I am missing something here, but I don’t seen the point in #ordinals on the #bitcoin chain.

1st, It’s trying to give more value to sats than what they are actually worth… which is odd to me. Are people just trying to make a quick buck here?

2nd, It’s taking up space that could rather be used by legitimate transactions. (maybe there is a general benifit for increasing network usage, but I get the feeling it’s not a great balance).

3rd, I think it makes Bitcoin look like other crappy web3 chains with magic NFTs that are suddenly worth massive amounts of money. That’s not what Bitcoin is. Bitcoin is more than that.

Bitcoin is not designed nor intended for ordinals, and I don’t think that it should be.

That’s my 2 cents.

Please feel free to comment if you disagree. I always look for different views. Perhaps there are additional benefits that I don’t yet see.

When you don’t understand #bitcoin you think it has risk. After you understand it you see that it’s the only risk free asset on earth.

do you think that satoshi was stupid? that you are smarter than satoshi? why do you ignore his whitepaper?

Rip VanWinkle ⚡️

@danieleripoll

If Bitcoiners are rightly called "Bitcoin maxis", then BSVers and Bcashers should be called "White Paper maxis".

This group of white paper maxis believe that #Bitcoin was meant to be a day-to-day medium of exchange. The evidence they point to most often is the title of the white paper. 👇

"Bitcoin: A Peer-to-Peer Electronic Cash System"

However, they ignore everything else that Satoshi did.

They don't ask the simple questions like:

If Satoshi meant for Bitcoin to be a medium of exchange, then why did he cap the supply of coins to 21 million? That's clearly not something you do to optimize payment velocity. Clearly that incentives people to hold it, and not to spend it. Maybe they think Satoshi was dumb. That he didn't know what he was doing. Maybe they think they know better than Satoshi.

If Satoshi meant for Bitcoin to become a medium of exchange, why propose 10-minute blocks? Does that lend itself to a rapid, scalable medium of exchange? Obviously not.

Why would he release the code in the wake of the Great Financial Crisis of 2008? Why would he include in the Genesis Block, "Chancelor on brink of second bailout for banks"? Is it because a scalable payment system would have solved the problem? Of course not. Clearly, he's insinuating that a form of hard money that no government could make more of would have solved the problem. It would have prevented anyone from printing more money to bail out greedy bankers at the expense of the plebs.

Finally, Satoshi spent years writing the code for Bitcoin. He might have spent a week writing the white paper, and maybe 5 minutes coming up with a title for the white paper. And the white paper didn't even include the block times, the block limit, or the supply cap. Clearly the paper was a marketing document because critical aspects of Bitcoin weren't even included within it.

To me, it makes no sense to bet the farm on the title of an incomplete white paper. Pay attention to the work that Satoshi did.

Bitcoin was very obviously meant to be digital gold. Satoshi knew exactly what he was doing.

Need advice on multisig storage. Best practices to store the keys. I’m looking at a 2/3 setup. 2 HW and one offline laptop. Will keep laptop one at home and 2 off site but honestly not sure where to keep everything. Was thinking one safety deposit box and maybe one with family for three HW but not sure how to manage the keys. Will be on metal but not sure how to store them. With the wallets?? That does not seem safe. Do I get 2 deposit boxes? On with second HW and one with private keys? Again seems like that is a single point of failure. Maybe overthinking this. #bitcoin

Every bitcoin meet up should do a set amount Sats card swap. Everyone comes with the amount loaded and just swap with others. Off chain mixing. Why is some form of this not a standard thing at every meet up or conference? Every time you see a "Bitcoin excepted here" sticker the vendor is ready to swap..... Especially at farmers markets and mobile type businesses.

Speak easy level physical swaps, Nostr code words, underground railroad resistance networks.

#Bitcoin #Nostr #Sats

Don’t know Jade Juancho :). Can’t say much

In Spanish: todo dependerá de para que la uses. Coldcard es bitcoin only con lo cual tendrías que además tener otra si usaras stablecoins y otras cosas

I understand where you are coming from, I have people around me like that. Even, calling us stupid.

We are in some monumentally earth moving times. The world is changing fast. Consequently, a vast majority of people are not going to see the change. They will hold on to the past.

In my own life, I have been able to see things that others can't. I used to think that they should see the same things. I have only recently realized that there are some that see things way before others.

That sounds like your gift.

A gift that comes with vast frustrations.

I now think that it is not my job to wake people up; that is beyond my pay grade. A job that only the Good Lord can do. But, I can plant seeds.

God can later do the harvest.

Maybe the podcast is a good way to just plant seeds... That's all.

I look forward to to seeing your journey. Cheers!

Well, that's refreshing.

not about that.

i have learned that the argentinans have fought about getting lethally injected. even millai had to get himself lethally injected otherwise he would have had no chance to even get nominated. morbid outlook. land grab probably..

will there be any argentines in argentina

10 years from now?

5 years from now?

Why did Javier Milei campaign on a platform that included a vision of reinstating monetary freedom in Argentina?

The answer is that it's because he is a student of the Austrian School of Economics who also understand his country's history.

Monetary freedom, sometimes referred to as having a system with competing currencies, is properly defined as the right for the people to use the money they like best.

Few are aware that the Argentine people enjoyed monetary freedom from the revolution in 1816 until the government adopted the gold standard in 1881.

The number of people who knew that this made Argentina one of the most prosperous countries in the world, is even smaller.

But Milei, luckily for us, is one of them. Being an economist of the Austrian School, enables him to understand the significance of the monetary system.

Between 1783 and 1857 the people of the United States also enjoyed the right to use the money that they liked best.

Monetary freedom transformed Argentina and the US into powerful magnets.

The two countries attracted capital and talent from all over Europe.

It happened so quickly that it's almost impossible for us to grasp it today.

The economic growth Argentina and the US achieved was unprecedented.

It was almost magical.

Immigration to Argentina and the US was huge:

“In the peak period of the world’s oversee migration,  1821-1932, six countries absorbed 90 per cent of the total, and among these six, Argentina ranked second in the number of immigrants, with a  total of 6,405,000. The only other Latin American country on the list is  Brazil, with 4,431,000. The United States, of course, came first with about 5 times as many as Argentina.”

North America practically drained my country, Norway, of people.

Only a few thousand Norwegians emmigrated to Argentina, which first of all recei an inflow of people mainly from Spain and Italy.

But why did people flee from Europe?

One reason was that the rulers in Europe clinged on to their national monopolies in money creation.

They loved their money printers, just like Gollum loved his precious ring.

The governments shared the privelege of money creation with powerful banks, because it made the system more effective for them.

The European rulers let the banks organize themselves as cartels who could create money out of nothingness when they issued loans.

Each country had a central bank that coordinated how rapidly the banks could create new money.

It had been like this since the Swedish nobility creates the world's first central bank in 1669.

Today almost all countries in the world have the same system as the European nations have had for centuries.

While the rulers and the banks could create money out of nothingness, the people had to work to get the money, or take out loans, to pay taxes to the rulers, and to stay alive.

Over time these monopolies in money creation ensured centralization of wealth and power.

It also made it near impossible for the citizens in the working and middle class "to climb the social ladder."

The banks and governments used their monopolies to extract enormous wealth from their people, something which also enabled them to wage endless wars against the neighboring countries.

Furthermore, flooding the economy with money created out of thin air was like pouring sand in the machinery of the economy.

It hampered capital formation, just like it does today.

And it corrupted the society, and again, just like it does today.

In contrast, the monetary freedom in Argentina and the US enabled a high level of capital formation, broad distrubution of wealth and much less centralization of political power.

You see, the monetary system is society's cornerstone.

Monetary freedom builds civilization and attracts economic resources.

Monopolies in money creation, on the other hand, destroy civilization and consume economic resources.

It's a shame that they don't teach us this when we go to school.

I think we have a right to know, especially since the governments force us through education and dictate what we must learn.

Not telling the people about this is in my opinion a terrible form of gaslighting, whether its intentional or not.

Milei has enligthened the world about the evils of modern monetary policies.

He has also said that he wants to reintroduce monetary freedom, and let the private sector take responsibility for money production, as it has done in the past.

But now Milei has become president.

And while others fear for his security, I fear more for his ability to resist the temptation to control the production of money.

Because, you see; man's lust for securing himselves the exclusive control of a money printer is terribly strong.

To Milei I would like to say the following:

You have enlightened millions around the world about the importance of the monetary system.

This is a priceless gift that I will never forget that you gave us.

But now it's time to take action, Milei.

You must destroy the central bank of Argentina once and for all, just like you promised.

And you must be careful not to let a monopoly in money creation enter into your office via the back door.

And finally:

The fastest way of reinstating monetary freedom in Argentina is probably to abolish the capital gains tax on #Bitcoin   .

Good luck!

***

If you found this piece interesting, I appreciate that you push the like, share and follow buttons.

You may also want to check out the books I’ve done together with my partner, graphic designer wiz Mattis Storhaug, on UNDOQO’s website.

Hundreds of genetically incompatible species of mycelium inhabit a single plant organism at any given time. The plant is a node in the network whose chemistry is compatible with every hosted mycelium. Each species connects that plant to other plants. Chemistry is the common language and therefore acts as a potential universal translator between the species.

If Telegram messages can propagate to a node that can translate meaning and final resting place to nostr then nostr could intake any message from any siloed platform and make sense and positioning of it.

Example: I start a book club community on Satellite.earth. If you know the address of the community (say, satellite.earth/n/NunyaBookClub/) then anyone can post a message to that community from any platform if their npub is known to that community.

Why? If users of other platforms can natively use what they are comfortable with to interact with nostr then they are one step closer to using nostr natively.

How? Listening posts on either side and a single intake node to write to the group?

I know it's not easy but it's worthwhile to figure out, I think.

#Bitcoin the great equalizer.

Just ask me from a third world country 🇿🇲

Who's the next bitcoin president going to be 🤔?

What country?

China's Technocracy needs the world's fastest internet

As of November 2023, the world's fastest internet is in China, with a speed of 1.2 terabits per second (Tbps).

This network, which is part of China's Future Internet Technology Infrastructure (FITI), can transmit data equivalent to 150 high-definition films in just one second.

The network spans over 3,000km of optical fibre cabling, linking Beijing, Wuhan, and Guangzhou. This achievement was a collaboration between Tsinghua University, China Mobile, Huawei Technologies, and Cernet Corporation.

However, it's important to note that this speed is not yet available to the general public.

For average internet speeds accessible to consumers, Taiwan leads with an average connection speed of 85.02 Megabits per second (Mbps), followed by Singapore with 70.86 Mbps, and Jersey with 67.46 Mbps.

In terms of mobile internet speeds, South Korea tops the list with an average connection speed of 52.4 Mbps.

The fastest internet speed ever recorded was 319 Tbps, achieved by researchers at Japan's National Institute of Information and Communications Technology. However, this speed is not yet commercially available.

It's also worth noting that internet speeds can vary greatly depending on the country and even within regions of the same country. For instance, the average internet connection speed in the United States is 32.89 Mbps, with New Jersey having the fastest average connection of 52 Mbps.

SIX.

SIX FUCKING DOLLARS.

Inflation is real. It will happen to you too. No matter where you live. FIAT is this bullshit.