BITKEY IS STRICTLY BETTER THAN CUSTODIAL WALLETS FOR LONG TERM STORAGE.

IT IS JUST AS EASY TO USE IF NOT EASIER.

THERE ARE PROBABLY LESS THAN 2 MILLION SELF CUSTODY BITCOIN USERS WITH MORE THAN 10M SATS. NEED TO GET THIS NUMBER UP ASAP.

BITKEY IS IDEAL FOR THOSE TOO OVERWHELMED TO LEAVE EXCHANGES.

REALLY A GAME CHANGER OF A PRODUCT.

HIGHLY RECOMMEND.

Stop shitcoining. Use Bitcoin. If Bitcoin is too slow for you, use Lightning. If Lightning is too unreliable for you, use Ecash.

Just stop goddamnit. Nobody cares about your ridiculous shitcoin and you're wasting your precious life.

Sadly, when you've been in and around bitcoin circles for long enough, and meet people in real life, you realise a bunch of industry leader types are legit sociopaths, and not great people. You have to try playing nice, but yeah, they suck. A few of them are inevitably here in nostr, but beyond that, every nostr person I have met in real life is thoroughly lovely.

AI vs Bitcoin

The AI hype has been non-stop for the last 2 years ever since ChatGPT came out with its 3.0 chat. Since then, there's been an insane amount of investment into AI tech from every direction. There are hundreds of startups, every tech giant has been making investments and companies in between have been putting a lot of money toward it as well. It's not a small amount, either, as the AI hardware costs make Bitcoin mining look like discount bargains.

Yet after two years, what have we to show for it? Maybe some faster image editing on newer phones? Slightly faster answers to questions you would normally ask Google? Some productivity increase among junior programmers? The investment was enormous, as can clearly be seen in NVIDIA's growth, but the results are pretty underwhelming. As with any hyped technology, the possibilities have run past the actual use.

One of the supposed benefits of fiat money is that capital accumulation is unnecessary to create real value. You can build roads, for example, without having to save up for it. What this misses are many obvious drawbacks, but one of them is that there has to be someone that evaluates whether something will create value and create the money out of thin air to fund the project. This is not just inherently centralizing, but also deeply political.

For whatever reason, AI passed this political test and got the blessing of the money printers, which, to a company that sells, shovels like NVIDIA has been great news. But the drawback is that there's bound to be at least *some* that don't pan out. Maybe some segment of the economy can't use AI profitably, for example. Yet the powers that be, mostly Cantillionaires, have decided that this is worthwhile and have poured insane amounts of money into this bet.

But much like hyped tech of the past, it's looking more and more likely that there's little profit to be made here. Yes, there's some useful things that can be made, but the costs are simply too high right now to justify spending that much. It's a luxury item that mostp people simply don't need, and hence don't want to pay for. AI has become an expensive solution looking for costly problems to solve.

This was always my analysis with another hyped tech: blockchain. It never really made any sense as the cost was too high for what was really just a distributed, very redundant but hard to upgrade database. It, too, couldn't find costly problems to solve, with the exception of one. That, of course being Bitcoin.

What differentiates Bitcoin from AI is that people *need* Bitcoin. It's its own killer app. AI is not so popular that people will pay for what it costs right now. And that means that most of the investment will be wasted. Like most hyped things in a fiat economy, it's doomed to have significant malinvestment.

A lot of people complain about Bitcoin businesses and how hard it is to make them profitable. In a sense, I get it. You want more people to have steady jobs and so on. But in another sense, I think this is the market speaking. You're not going to get paid from Bitcoiners easily and there's no flood of printed money looking for a place to go. At least there won't be once fiat money has run its course. Building a profitable company is hard and so few meet that mark, especially in a new segment as AI has shown.

So in that way, I'm encouraged, because the companies that survive in Bitcoin will have something truly worthwhile. By contrast, the companies that survive in AI will probably be the ones that get subsidized the longest.

I don’t get it.

#Bitcoin price action is slight negative if people think Kamala Harris is going to win.

But wouldn’t you want Bitcoin if you think she’s an evil commie? Wouldn’t you want resistance money?

And if Trump wins, and you think he’s an evil fascist, wouldn’t you want resistance money?

I honestly feel so disconnect from these fiat games and politics with Bitcoin. Jesus, just buy Bitcoin not matter what! Stack it, hold it, save it, use it. It’s not rocket science. It will be good for you, no matter what your background or ideology is.

Do bitaxes really only mine 100 sats per day

I should have checked this before I bought 5

Twitter was paramount in bitcoins growth and its battles. Was a very cool quirky place eons before that too. Even though I have a very old account, bitcoin was the reason I started using it more frequently.

I met an incredible amount of good ppl there. Some of the best ppl I know was directly or indirectly because of the bird app. Hired ppl. Connected ppl.

There was/is absolutely nothing like it.

It's hard to imagine how the direction of my life would have gone, it was greatly impacted by it.

Crazy place! A true public square, I'm incredibly grateful for it.

Covid killed it, or at least accelerated its dystopian trajectory.

US politics gravitational force also doesn't help. Nothing on earth can scape use politics, everyone and everything deal with its consequences.

Even decentralized things. But they fare better. See bitcoin.

Anywho... Being with the X account deactivated over the weekend was quite nice, it had been a very long time since I fully disconnected. It is still a lot of signal, a lot of Lindy. But is also became an open sewer. (Why?)

The algorithm evolved for maximum conflict. It's hard to even describe how much it makes your skin crawl. It finds all the shit you don't want to read by the ppl you don't even knew about existed and vomits on you. Even with the large muted word list. It's not a healthy place.

Maxium engagement = more ad views?!

I don't want the firehose all the time. Humans are not designed for that. Different moods different content. Different types of engagement. Maybe even different clients for different sub network graphs. It's time time evolve. I think Nostr takes us there.

BUT I think Twitter's value can't be ignored. It is still a ginormous network.

That's aside from good ppl I know there, where it is our only comms channel.

I plan on drastically decreasing my use of it, truly limiting to posts about Nostr, projects I like and amplifying bitcoin things I believe in. The goal is to trend towards end of use. Hopefully it gracefully coincides with Nostr rising as the new public square. Protocols must be open. There must algo choice. Or we are doomed to doom scroll and ad target conflict.

I no longer will allow myself to scroll.

And will try to starve the beast as much as possible.

GN

HODLing is a psychological battle with yourself. How much pain and scorn can you handle from the normie world? What is your pain tolerance for sustaining your HODLer conviction through big 50% or even 80% drawdowns?

Are you willing to think independently and ignore TradFi influencers who preach about being allocated to govt bonds or stock indexes or trying to be a property mogul?

If you do it correctly, you are richly rewarded for HODLing over time - both financially and mentally. If you do it poorly, you risk selling during the drawdowns or hard times.

Short of it is I brought up how the algos on social media are designed to manipulate us, told it was a conspiracy theory, and proceeded to give them a 5-min monologue on the history of government propaganda and surveillance while pretty much everyone looked at me like I was a weirdo.

GM

What would be the primary rule of: a “rules based international order” sitting on top of money that steals from people?

Can we define “Fiscal Dominance”?

The official opening of the new Bitcoin space in Chiang Mai has been an exciting milestone, and the energy from the community has been nothing short of inspiring. It's clear this space is set to become a vibrant hub for innovation, collaboration, and growth within the Thai Bitcoin ecosystem. We're thrilled to see where this journey takes us!

#Bitcoin

ONLY THE RIDE OR DIES MATTER.

TOGETHER WE WILL CHANGE THE WORLD FOR THE BETTER.