The Ripple CEO is a cancer to society

GM

Yes I get to promote freedom money, for a living. It’s a great job. Cope harder

A great deal of intelligence can be invested in ignorance when the need for illusion is deep

- Saul Bellow

We continue to find out that you can't possibly hate the government enough.

GM 🌞

Don't get distracted by the outrage addicted news cycle.

Stay focused, keep building.

The only control we have in life is the control we take.

Every time you watch the news and get outraged by some dumb thing that someone has done, you cede your control to them. You give away cycles you'll never get back and cycles you could have used to build something better.

Focus on building a better future, let others focus on tearing down the broken past to make way.

you mean condensation? I don't think DOGE can affect that.

> [the] inputs, productivity, thoughts and feelings of every person on earth

I was referring to the actions and opinions of the people participating.

I’ve spent a lot of hours analyzing “crypto” and keeping up with the fads, and to this day I still cannot find a problem that I have, and that it can solve.

Bitcoin solves my hard globally-portable savings problem. I don’t see better money than this. And that’s a big problem to solve.

Stablecoins solve some developing market intermediate-term money problems in very inflationary environments as a bridging tool while Bitcoin is still volatile. Okay. That’s big for now.

Digital collectibles are fine. I mean, I have cardboard Magic the Gathering cards worth thousands of dollars. So you buy an ape NFT and get membership to an exclusive ape club (which is like all dudes, nearly entirely devoid of women) and can show your status by displaying your supposedly elite avatar. I do see how there is a nonzero recurring interest in this sort of digital elitist collectible thing. But it doesn’t solve any of my problems or seem to be relevant on the macro scale. A niche thing that doesn’t appeal to me. Like, Pokémon might make a billion dollars but it won’t make a macro-scale trillion dollars.

DeFi is mainly about trading and leveraging worthless tokens. In a world where there are much more real-world tokens involved (eg tokenized Apple stock or whatever), then maybe there is more of a use for that. But until then it’s mainly a circular Ponzi. And even then, that industry is limited.

So almost 15 years into this industry, there have been a handful of interesting experiments, but barely anything other than bitcoin and stablecoins interests me at scale.

Beyond that, it is just things that they can empower.

Nostr, for example, doesn’t need a blockchain. There is no reason to go to the expense to maintain a global state. It certainly is empowered from the fact that Bitcoin and Lightning exist (new good money allows for new good technologies), so it’s a tangential technology.

The vast majority of “crypto” projects either don’t solve a problem, or just solve a smaller niche interest.

> [the] inputs, productivity, thoughts and feelings of every person on earth

I was referring to the actions and opinions of the people participating.

Bitcoin now thoughts and feelings.

why is Bitcoin violatile? Because it's a machine that is capable of taking the uncensored, permissionless inputs, productivity, thoughts and feelings of every person on earth 24 hours a day. Those inputs go into the machine and their net result is the price moving.

the world is an uncertain place filled with billions of people each with their own thoughts, feelings and productive capacity. If you expect that complex system to come to anything like consensus in the near term, I'd like to hear your thesis.

why is Bitcoin violatile? Because it's a machine that is capable of taking the uncensored, permissionless inputs, productivity, thoughts and feelings of every person on earth 24 hours a day. Those inputs go into the machine and their net result is the price moving.

the world is an uncertain place filled with billions of people each with their own thoughts, feelings and productive capacity. If you expect that complex system to come to anything like consensus in the near term, I'd like to hear your thesis.

I need to go clean the plane but having some serious motivation issues.

What’s your strategy for getting out of the house on lazy days?

The real question is why do people still use iOS. This thing sucks from all angles.

Why isn’t mainline an example of it working on a mass global scale? I’m confused why that shows it doesn’t work

Seems like that’s not an issue. Again, look at it in practice