A revolt by simply switching to a non government controlled currency could be the most powerful and yet most peaceful form of revolt. Government printing won’t help them as it would be worthless. No money printer and no taxes, no means paying the soldiers to terrorise the population. And the soldiers aint doing that shit for free.
Unelected/illegitimite/corrupt governments have no power when the population opts out. Layer 2 &3 solutions are more important than ever.
The one upside from the political rally part of the conference is that should the reserve bill be passed that means +800k btc purchases over 5 years. That means ~440 per day, basically the entire daily mined supply, double the daily supply after the next halving, and almost all of the oustanding supply ever to be created.
The anticlimactic Trump speech kinda shadowed this, but this is massive. Pretty sure others will front run if it actually becomes a reality. Its like playing poker with your cards showing. Could feasibly be a trigger for hyper btc.
Kennedy seems like he would be way more reliable
While have major political candidates trying to out do each other in support of btc we can get transactions in the main chain for under $0.50
Having politicians take away a better understanding of bitcoin is a more important outcome of the conf than what they have to say regarding it imho.
We are fortunate to live at a time when Bitcoin is still undervalued #cheapsats, but the really lucky ones will live when Bitcoin has already succeeded, many years from now.
When I got into bitcoin I told myself I’m going to stop buying at $10k. Here we are 4 years later at $70k and I’m still buying…
Bitcoin is one hell of a drug
I find it interesting that not only is btc build on proof of work, you also have to put in the work to understand it and to benefit from being an early adopter. Even if you get in early cause number goes up, you will get washed out if you don’t understand it. Also, being formally educated in finance doesn’t seem to ease the amount of work needed, it might actually make it harder to understand.
Can some pls explain in noob terms how atomic swaps work? How can Muun(onchain wallet with atomic swaps to convert to lightning if my understanding is correct) continue to offer low lighting fees when onchain fees are high?
Is the fact that there is a Solana/Cardano/ Polygon foundation/organisation defending not itself evidence that they are in fact securities?