Take into consideration the sound that the miner makes. Unless you use a water cooled miner with a radiator.

As long as somebody takes care of both, exchanges and ETFs to constantly lose power, I am cool with them. Let the normies play their games one last time.

True, because ETFs are needed only for normies, who indeed are the problem. Me and you will not put our savings into ETFs. Normies will, because simply getting bitcoin is not safe or not sexy or whatever fear and conformism driven excuse they use.

Very similar with exchanges - if normie sellers of stuff accepted bitcoin, exchanges would not be needed. Normies only fool themselves. For me it is no big problem to have Binance Card and load it with some sats weekly for grocery shopping. Makes normie seller feel a good soldier of the government not touching "mafia / hamas money".

So both of them help to push bitcoin onto normies, in a way, against their will.

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No. Not accepting bitcoin for the goods or services that you sell is the problem. Exchange is just a workaround to that problem. Where there is a problem, there will be a workaround.

I have bitcoin, but I need meat. The meat seller does not accept bitcoin. So I take the most energy efficient way (for me, not for universe nor anyone else) to sell my bitcoin and get the meat.

Lithuania that I know of. Not good enough, but something at least.

There is a grammer mistake in the text: it is written "western societies have been architected" but it should be "western societies had been architected". 😉

In some achools they actually already do that.

Is https://sphinx.chat worth trying, or is there a catch?

It looks like a coincidence, but it litterally happened to me with a month's gap in between the events.

How many coincidences before it is not a coincidence?

Totally agreed about not trusting anybody to keep your savings for you, ever. Regardless of any trials, promises, and public trust.

But I actally think Binance is in a better situation today, then it was a week ago, when its fate was unknown. The chapter is closed, the worst did not happen.

To me a node in the cloud is only interesting as a sandbox, for testing things. From privacy and decentralization perspective, for me it is no different from custodial wallets like Blink, so why bother when you can just use Blink - not just hardware and OS, but everything ready for you.

Isn't a "private node in a cloud" a similar mumbo jumbo like "custodial wallet"?

Binance surely has some. 4.3bn per unit :)

They must be 4.3 times richer than Alex Jones, aren't they? 🤣 Knowing that there are also plenty of convicts in USA with 150 and more years of prison sentences, I do not assume that law makers and lawyers have studied math or physics over there.

I guess I needed to write this to understand where I am wrong.

What if bitcoin incentives actually are in line with Nature's law? Nature is cruel, but there isn't that much violence and dishonesty among members of the same species in other species like humans have now, and have had throughout the history. Hopefully bitcoin fixes this.

Humanity has forever been racing with Nature, trying to disobey its laws. Never succeeded yet. Even the incentives that bitcoin brings work in the same direction - to reduce, almost eliminate violence. This is not the Nature's way. But sure, let's see if this works.

So now hardly anyone makes a bitcoin transaction to actually buy anything. A thing. That means almost the only transactions are:

- newbies trying to figure out the best ways of handling non-custodial wallets

- exchanges

- lightning channels open/close

- whatever nonsense is ordinals

- no idea, but perhaps people in El Salvador make on-chain transactions for major purchases.

So what happens when larger countries adopt bitcoin for real? Transaction fees through the roof? Custodial lightning is the only alternative solution for larger purchases. I cannot imagine an ordinary dude running a private node with adequate balance and channels' setup to send much more than 5% of monthly salary in a single transaction.

A better noncustodial way for sending amounts in size of several montly salaries is needed, no?

I realize most of the population will remain on central solutions like banks (a.k.a. custodial wallets - stupid term) forever even with bitcoin. But it feels like even a bit more advanced ones like myself will hardly be able to transact non custodial much more than grocery shopping.

Complicated. I would prefer simple, in an ideal world.

Whatever happens, happens. But now that russians do not like Milei, then what, normies have to like him? 🤔😂

Tough call for an average voter / taxpayer. So what shall we say? Corrupt politics cannot print bitcoin, therefore prices cannot go up, therefore coke and football tickets will be cheaper?

My independent investigations led me to the same conclusions. We may have stumbled onto the same sources, but the investigation is independent nevertheless.