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Chris Neal
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Orthodox Christian | Father | Husband | Firefighter

We say Bitcoin is so early and Cashu is like less than a year old so….. when it’s ready, it’s going to be amazing and the stuff that will be built will be pure majic.

These wallets I’ve found to be

Kinda finicky. Cashu is so new.

My Cashu Wallet balance increased by 21 sats when I posted the token to the wallet.

No, I don’t believe so, there is a fixed amount of data that can go into each block and users of the network essentially bid against each other for that space to have their transactions included.

The hash rate is the miners competing against each other to mine a block. More hash = higher probability of a particular miner mining a block.

The higher the hash rate the more secure the network and more resources it takes to execute a 51% attack.

More too it all but that’s my basic understanding.

High Time Preference=Impulsiveness

Low Time Preference=Patience

HBD!!! Real estate is IMO a great analogy to understand bitcoin and “crypto” and the differences. Not all real estate is created equal it’s all about positioning (location, location, Location). Manhattan or beach front San Diego vs. Death Valley desert, Antartica or mars. Sure they’re “scarce” but there’s no economic activity happening and it’s economically infeasible to develop them, Etc.

Good on you for taking the high road and maintaining a Low Time Preference. Stay humble.

Also did a bit of Aave back in the day it was a cool platform, interesting concept maybe a bit too ahead of its time.

I find what can be conceptualized vs what is sustainable/ demanded by the market don’t usually agree in a fiat economy because incentives are so messed up.

100% agree, right now the best ROI is just holding bc and building relationships/ supporting NOSTR creators/devs.

Time will tell, it’s hard to predict what the market will like and what use cases will be adopted. Options seem bullish?. Let the invisible hand decide. That’s my philosophy. The killer app of “defi” in my mind is collateralized loans. I need fiat cash to grow my businesses and create additional cash flows. If I can relatively safely and efficiently do that with, it’s a no brainer.

Never sell assets, use as collateral for loans then pay back out of cash flows to release the collateral back to your control.

Spend someone else’s fiat, retain assets. Bitcoin is the ultimate collateral, the market just has to develop.

When the weather is poor and I can’t ride, I feel it, riding this machine is my therapy. The presence and focus required is calming.

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