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Dr. Bitcoin, MD
4f4f82846698ff66ae5fa9fad4c0c4eb7823afb07fa9f54ea9d15f1217ae96cc
Bitcoin OG since 2010, former laptop solo miner, blockstream satellite node runner, #2A rights user, radiologist

There are losers everywhere, to be sure. But don’t conflate people and their thoughts with things and how they actually works. Commies and losers have a well understood future, but this has no bearing on the future of Bitcoin. I’ve been around since July 2010 when you could get 10 bitcoin for a dollar.

I’ve spent years being flabbergasted at what bitcoin keeps doing…while if I were smart, I’d be a billionaire!

Saylor isn’t wrong, it’s a culture communication barrier. He doesn’t realize how what he is saying will be heard to the noble cryptoanarchists…

That said, it’s fortunate that criminals tend to be idiots…because that means eventually criminals will part with their bitcoin…the world would be awful if all the dumb evil people had all the money…oh, wait, that’s our current world.

😂

I suppose it’s not entirely clear whether that would be a hard fork or not. Bitcoin can be created indefinitely without violating the consensus rules or the 21 million cap in the pure mathematical sense.

But will 0.5 sats ever be a meaningful mining incentive? How about 0.00625 sats? I’m guessing no, but I’ve been surprised by bitcoin many times before and I’ve been wrong more often than right since 2010.

Starting in 2048, the precision of 8 decimal places for #bitcoin will cause the sub-sat block reward component to be lost. I would support a hard fork to add more decimal places. Better start planning now! We can beat 2140 back as far as we’d like by adding decimal places.

Replying to Avatar StackSats.IO

Finally, an interesting Bitcoin podcast!

It’s been a while since I’ve seen people argue in Bitcoin but nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak managed to pull Saylor into an interesting conversation about credit and lending in Bitcoin.

Saylor apparently hasn’t fully thought through the implications of 21M and remains wedded to his fiat ideas.

He expects there to be yield on Bitcoin in future, but never says where it will come from in a completely fixed supply money.. “They’ll have to sell their assets to finance themselves!” - yeah no shit Michael!

The only way to generate yield in Bitcoin terms is to mismatch duration - literally run a Ponzi scheme. But Saylor expects that because the US Government will back the banks that this can’t go wrong 🤣🤣

Saif takes nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt line that capital will flow but HODLers will take equity rather than yield. This is the correct logical conclusion.

I’m not saying Saylor is completely wrong - I do see a future where banks will get into this space and lend and pay yield on Bitcoin.

But they WILL blow up. I don’t give a fuck if they’ve got their own nuclear arsenal let alone the full faith and credit of the US Government behind them, they WILL get out over their skis and they WILL be unable to fulfill their obligations at some point because they WILL greedily try to rehypothecate it in the meantime and no Government will be able to save them.

Saif and Allen both know the economy doesn’t require interest to function, that the world won’t grind to a halt without it - people will still spend money. Saylor just isn’t ready to let go of his statism (as evidenced earlier in the conversation) because he’s become accustomed to Billionaire privileges.

This is why I love #Bitcoin. You can be the CEO of the most successful public company of the past 4 years, all thanks to Bitcoin, and you will still be totally humbled by it unless you fully embrace the system as it is because it won’t be changing for your fiat games!

https://youtu.be/k7XhzXMSAPo

Saylor is correct right now. Eventually Saif will be right. It’s a game of chicken: only a fool can’t make a fantastic yield with today’s very low bitcoin valuation, but at steady state valuation, it’s gonna implode.

Waves are like free energy just waiting to be harvested. And it only takes a lil practice and patience to start an enjoyable harvest!

Had some Vaseline lip balm. Seems to have done the trick. I appreciate your insight.

I have realized I enjoy being a man like 99.9% of the time. And like really dislike it 0.1% of the time. I’m sure dermatologists know all about this, but the internet doesn’t seem to…or web pages talk about it so obliquely or in such modest terms as to make the answer unsearchable.

Or you should fire your people

I touched ocean near San Diego yesterday. It was cold (64-69° per surf shop), but exertion to catch the waves was sufficient to become hot!

I’ll have to try a barrier / lubricant. A large amount of skin must fit into a smaller volume at ocean temperatures, and I can see how that would effectively make a large area of skin to skin rubbing.

As a physician, I’m a little stumped. Some sort of chaffing associated with surfing and only affects men. Why?

Is it the sand? The cold? It is not the wetsuit in and of itself…Dr. Google is not really helpful.