I bet my bank is wondering why I send 69 satoshis to so many people
Oh wait - I forgot about giving info to those losers a long time ago!
It’s what a handshake used to mean - moreso the eye contact during the handshake
It will certainly break. That’s all we can know.
These hubristic imbeciles thought they can treat the price of money as the same harmless numbers on a screen as their account t balances.
Now is the time to establish Lightning liquidity.
Forget fees - it always costs something to establish a Lightning channel on chain.
Think about the hardness of the collateral as confirmations continue.
The Lightning network makes a concrete medium of exchange based on the immutability of the currency it is based on.
This immutably is only achievable through time - start now!
The only valid attack on Bitcoins fungibility would be on the number of confirmations a UTXO has.
A UTXO with 1 confirmation is harder than any Fiat money but not nearly ad hard as a UTXO with 2 confirmations.
The difference in hardness decreases towards zero as number of confirmations increases.
If the medium of exchange is Lightning then liquidity channels are based on UTXOs who have exceeded the threshold and then all money moved across those channels are perfectly fungible:
FTX was destroyed because it’s reserves were supported by its own shitcoin token - and that triggered a run
5 months later, a large regulated bank failed because its reserves were supported by US TREASURIES - and that triggered a run
BRRRRRRRRRRR
I always end up just getting the book and reading it. Audio is great for conversations not for long-form written material
Pura Vida!
Nostr improves your posture. Built on Bitcoin, it has backbone and confers that power to its users.
Decentralization accumulates far more power than a centralized entity ever can. Powerful enough to solve the double spend problem.
Nostr gives the decentralization of Bitcoin an even deeper network effect. Tightening the joists and strengthening the cement. The future will be built on this structure.
Citadel21 is an incredible credit to Bitcoin and humanity. Sad its coming to an end but I look forward to seeing how that creative energy is plied next.
Guilty - this is why people build the bridge.
Autism?
Bitcoin is a bucking bronco. You can’t HODL without exerting great force. The force you give is given back in terms of strength and wisdom.
When I hear people talking about bitcoin strictly as investments I want to flip tables.
Pura Vida
Fiat is a confusing and disorienting beast but Bitcoin is the North Star that makes it easier to be lost at sea.
Nostr is the coms system for those of us flinging around the viscous ocean. We know where the True North is and we know where each other are.
We’re gonna make it!
The good news for them is by 2050, $131T won’t actually be much.
The fiat game is tough. It took me 9 years to solve pensions and another 18 years to solve annuities. Nobody benefitted from my discovery except for a few executives.
I plan to live for another 50 years so I need at least one or two more worthwhile projects to solve before I’m gone - hopefully having a bigger impact