Who is in charge of this thing?
Work. Provide something of value to others. Save more than you spend. Save in bitcoin. Stay humble. Work on personal self custody skills. Educate others.
Work. Provide something of value to others. Save more than you spend. Stay humble. Work on personal self custody skills. Educate others.
A lot of noise and in-coming
Gershenfeld is brilliant. Lex basically just listensš. Worth your time. The concepts are so cool:
ā ribosomes literally can build an elephant
ā biology has already figured out the full stack; and produces no waste
ā digital ā->physical micro builders
ā decentralized fab-labs
ā self-assemblers
ā layered system built on solid foundation: a stack
ā āprint the thesisā - sounds like āthe information is the thingā ā¦ ā”ļø #dergigi
ā good technology is fundamentally distributed
ā trash is analog, no trash in nature is digital
ā permissionless
ā risk managed best by increasing transparency
Above starting at about min 48 - obvious parallels to Bitcoin.
This dude is wicked smart. Likely already groks Bitcoin. If not would grasp it quickly and likely be interested in āmachines paying other machinesā in an emergent digital monetary network.
RIP Maurice White. Epic talent. Bringing joy and love to the world. I wish I could go back to 1977. Spinning All āN All vinyl.
šÆhumans first. Dogs peeing on my step every morning. What if I peeād on their living space? Dog pee and human pee is 99.999% same.
BTFP š¤”š¤”š¤”
#[0]ā š„š„š„š„š„š„š„š„
Is there a witness block? A Merkel tree of of witness data separate from the transaction data?
Segwit is not straightforward.
A robust, fair, truthful lending industry will exist post bitcoinization.
Before you lend:
What is the loan for? Verify the idea and plan for the money.
At the agreed duration, whatās is the estimate of the future value of bitcoin?
āAdd it all up in your mindā and offer a rate.
You will compete against other lenderās rate estimates using the same inputs.
Market will define the going rate.
https://learnmeabitcoin.com is š„š„š„š„š„
Unlocking Script =
Code that unlocks UTXOs =
Validating part =
Witness Data
Few
People r general good, but theyāre not excessively noble. Everyone is trying to āmake itā. Ask yourself what the incentives are behind oneās Twitter rants/call-outs/etc? Running a venture capital firm focused on digital currenciesš¤Running a bitcoin only investment platformā¦š¤
Mis-allocation of resources - like excessive government subsides - is a form of money printing.
Infuses salary to people who are producing something that ultimately has low value. Sitting at home and collecting UBI (=stimmie chk) is a close-cousin to a job funded by a bad policy.
Unchained capital can not spend my UTXOs.
Unchained capital cannot move my UTXOs. Only I can.
Bitcoin is for everyone. Eventually all will use it: bad people, good people, states, dictators, banks, ā¦. everyone. Current drama about ābitcoin onlyā companies/investments will pass. All businesses will be bitcoin only.
Work, provide something people value, save in bitcoin.
On Nick Carterās recent Twitter rant.
Hereās the critical sentence IMHO:
Non-bitcoin projects are essentially trying to tokenize the investment/capital landscape. More complicated not less. We donāt need more financialization - We need less. Your average human, should be able to work and save in a hard money. The past 20-40 years has increasingly required us to be āsmart investorsā
Building in bitcoin is slow and steady, too slow for many āfoundersā - looking for faster profits. The āmarket realitiesā IMHO are warped from years of existing in system of too many middleman taking my time and effort. We have a chance at a parallel cleaner simpler system. We should put more of our efforts toward building it. 
Addresses are not just like āaccount #sā or āemail addressesāā¦. itās complicatedā¦.
Scripts r š„š„
1. Locking
2. Unlocking
Addresses contain the constraints of how coins can be unlocked (=spent)
Nodes combine and run, locking and unlocking scripts checking if they are valid
āThe script is actually a predicate. Itās just an equation that evaluates to true or false. Predicate is a long and unfamiliar word so I called it script.ā ā Satoshi Nakamoto