Easier calculations means people who are bad at math have better information. That lowers the cost of informed decision making, which lowers transaction costs, which breeds efficient markets and therefore exchanges of title to those who need it most. Ergo, 1000 sats per dollar is a price point at which a lot of people will discover Bitcoin is for them, and snatch it up!
I'm excited to see the trajectory of #MicroStrategy in the West and #MetaPlanet in the East into the future. MetaPlanet is casting a very wide net on direct venture capital investments on technology, while MicroStrategy is aiming for a wide selection of Bitcoin-backed financial products.
Both are using smart leverage and #Bitcoin for their treasury strategy. Should be fun when they become mega corps a la Weyland-Yutani and Tyrell, though hopefully, unlike in that universe, the dollar does not persist in reigning supreme and allowing slavish multi-planetary colonialism and gross abuses of power and human rights. Yes, fiat and colonial corporate governance overreach is behind a large portion of the xenomorph disasters of the Alien universe.
This is also why it might happen faster than we expect when things do start to shift. Because every company that does this will have people shifting what their measurement is in order to value them relative to each other.
And suddenly a subset of companies that all hold BTC, will get valued based on the delta of their BTC holdings and earnings. They will literally be in a class of their own.
Until then Microstrategy rides this train by themselves and gets an impossibly huge advantage over everyone in the market. nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m
Yup!!
Yeah young people are really fucked. Boomers got so used to what the socialists and other privilege seekers turned the U.S. federal government into, and just pretend that social security is some necessary thing that doesn't need to ever be reexamined.
It is actually possible for a government to offer a savings vehicle that preserved purchasing power, by just debasing it as fast as or slower than productivity growth. This would split the increased purchasing power between the government/corporate fiat system and the individual saver, typically in favor of the government and its cronies with some left for the saver. The fiat system doesn't have this much restraint however, aside from the approval of your typical broad indices like S&P 500. Additionally, most people still fall for the illusion of money and don't examine how they are either barely keeping up with the price level or getting obliterated by it.
While I sympathize with the argument that trademark law requires enforcement, Blockclock is such a generic name that a trademark should have never been issued. Equally, displaying Bitcoin data like block height on a screen is an obvious idea that certainly doesn't deserve protection.
Notably, the term "btcclock" was coined 7 years ago by rcassata, for essentially the same idea: https://github.com/eternitywall/btcclock
There's nothing wrong with another project choosing to use that generic name for yet another implementation of the same idea. Coinkite should do the right thing here and withdraw their takedown.
Agreed.
Beautiful. I like that it's complete with a cat!! And adjustable keyboard height 😂
Really one and the same thing.
How could anyone not want a gun toting dog, that's just so badass!
Already did when the price was at $58K
I was like "ok, 1000 sats is almost a dollar, and I value the sats more. It's about a dollar."
Been thinking internally 1000 sats per dollar, 0.1¢ per sat since then.
Yes that's exactly correct. They're envious, weak. Were they in the position of command, they would use violence as a master to his slaves. It is evil itself. The master/slave mindset is one and the same evil, and leads to destruction, to weakness. It is antithetical to what I call the entrepreneur/philanthropist mindset: love, strength, courage, curiosity, honesty, logic. Bitcoin rewards this latter mindset.
For real. But leftists and the originators of "copyleft" are clueless about reality. They are quite happy to fool themselves that using their masters' power structure in government & mega corps really is their best bet.
Okie dokie! In the meantime I'll be keeping an eye on Linux, in case you're onto something 🤙 I have been worried about the Linux code becoming an attack vector against essential services and key people/property, regardless of who is behind attempts at it.
Remember, they don't control you. You control you. Use your power for good. You are everything you need to be, just do your thing.
That's absurd. Communists operate in the open just as well as in private channels. It's a kind of mind virus that can spread in a rather decentralized manner.
Most of all, they're not powerful enough to end ALL meritocracy. That's ridiculous. Your attitude and bad philosophy are reminiscent of the communists', because of your awful, pessimistic takes on power and how reality operates. You're more powerful than you think you are, but for the love of God challenge your preconceptions in order to embrace it.
Yeah I get ya. Most people are slow to catch on. They're not curious types. That's why it's not $500K yet.