#Bitcoin is the world’s primary reserve asset and reserve currency.

Most of the world just hasn’t realized it yet.

Said another way, the future is here, it’s just not distributed evenly.

H/t William Gibson

Spent the day in the sun.

Didn’t put harmful chemicals on my skin.

Because the sun is my friend.

Don’t rugg your ancestors - have kids.

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Half (if not most) of the Ham radio fun (and hell) is just getting things to work. Using them seems to be entirely beside the point.

STEAK 😋 #dogstr

YOU BECOME WHAT YOU GIVE YOUR ATTENTION TO.

GOOD MORNING. 🫡

Shocking thoght of the day: Just because murderers are guilty doesn't mean their victims are innocent.

I'd bet statistically speaking people who die from murder are more horrible then the average, because at the very least somebody was inspired to murder them. Of course innocent strangers are murdered from time to time, which is why I'm talking about statistics and not making a categorical statement. There must be plenty of cases where someone murders out of anger, and that anger came about because the murder victim was being an ass. And those cases bias the statistics.

I am not victim blaming. I'm not making any categorical statements, nor am I saying anything about any particular person or murder. I'm making guesses about probabilities and I'm arguing that we shouldn't just assume all murder victims were innocent. Surely some of them weren't.

3 Body Problem 👀

You don’t hate politicians enough.

You think you do but you don’t.

I think that aerodynamics and lift would be the internet itself, along with the various technologies that bitcoin is dependent on. That would be bitcoin’s environment, so to speak.

And you could say that when altcoins do things like massively raise the block size, they crash and burn because their hubris leads them to ignore these “physical” constraints of the environment.

Mapping the analogy:

* Aerodynamics and lift = The underlying networking, computing and cryptographic primitives that Bitcoin relies on (internet, CPUs, bandwidth, storage, etc.)

* The 737 airframe = The core Bitcoin protocol itself

* The engines = Scaling solutions like Lightning, Liquid, etc. that need to be integrated carefully

However, this highlights the issue with arguing by analogy. You really have to make sure your analogy is apt, otherwise it creates more confusion than clarity.

...And, for someone like Saylor, with the gift of gab, analogies can be effectively used for sophistry.

The irony of making this analogy is that it actually illustrates the danger of NOT making protocol changes.

What happened with the 737Max is that Boeing wanted to put larger, more powerful, more fuel efficient engines on their 737. The only problem was that the physical structure of the plane (the base layer protocol, in this case) couldn’t handle larger engines.

The 737 has a relatively low ground clearance compared to competitors like the Airbus A320. Mounting the larger engines in the same position as previous 737s would cause them to hit the ground during takeoff and landing.

Instead of changing the protocol - the base, physical structure of the 737 itself - to safely allow for the new engines, what they did was a hack to try to bolt these new engines (think L2s) to work with the old 737 structure (protocol).

Boeing moved the engines forward and higher up on the wing. However, this gave the 737MAX a tendency to pitch up more during high angles of attack, increasing stall risk.

To correct for this they created flight control software to automatically push the plane’s nose down in certain situations to prevent stalls. This software relied on data from a single angle-of-attack sensor. There was no redundancy built in.

It was this faulty sensor that caused planes to go into a nosedive that the pilots (unfamiliar with how to override this overly complex software) couldn’t pull out of.

In its current state, with no added covenants or expressivity at the base layer, virtually all Bitcoin users will be forced to use bitcoin through some custodial arrangement (even if it is a collaborative custody model like Liquid or Fedimint).

You can think of these custodians as the sensor in the 737Max , where if they become faulty you lose everything.

And you can think of conservative, well-vetted covenants upgrade as redesigning and lengthening the landing gear (and making minor alterations to the wing and fuselage) to safely accommodate new engines.

Anyway, all of this to say that sometimes changing Bitcoin’s protocol is safer than not doing so. 

I believe this is one of those times.

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LEFTISM IS A DISEASE