They are haha, I’ll zap you again for the trouble with the invoice🫡
Only if you want to, just responding with an invoice to your last post.
Zaps shooting everywhere
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Boom
Add a lightning address to your account so I can send you ⚡️s
Appreciate the positive comments. #stacksats #zap
Thanks for adding to the conversation! Just zapped you. Keep adding good content.
Followed
#plebchain #zap #spraysats
This is certainly true, but the reason fedimint is such a major upgrade from the current system is the majority of the signing quorum has to be involved to issue more fm-sats then sats in reserve. So it is very much like Gold banking from the 18th century. As long as you trust the bank (mint) then you can leave your money there. One of the big differences from the gold system banking and fedimint is money can be zapped out of mints at the speed of light (with the permission of the majority of the quorum). This doesn’t reduce the trust model, but it may mean these rehypothication schemes get snuffed out faster. I am assuming that money moves in and out of different fedimints as people find better UX or a more trusted group. Since money flows quicker, there is less time to build up considerable rehypothication.
But who knows, I may be wrong.
#plebchain #bitcoin
Bitcoin adoption will only come so fast. The majority of people don’t understand money and have no desire to understand money. Frankly, I believe many of them will never learn about money, even in a hyperbitcoinized world. They will use Bitcoin but they won’t understand it.
As a financial planner I work with people every day who invest in stocks, bonds, real estate and a host of other things and have little to no real understanding of what they own. They sound like they understand because they parrot socially normal statements about markets, earnings, inflation. They even make statements about Bitcoin, but most of those statements are negative because 1.they don’t understand Bitcoin and 2. They are communicating they are in the part of the in-crowd because of their views on this particular asset
Most people will never understand Bitcoin or money. Even after they own it they will parrot truth that Bitcoin is uncensorable, in addition to other facts about Bitcoin. They will likely shun risky investing activities and taking on debt when providing advice to friends and family. But they will do this because this is the socially acceptable way to talk about Finance in the future. Most people don’t understand, they just vaguely know the rules broader society informs them to follow. This is not good or bad, it is just what I encounter daily.
People outsource their sanity. If they are engaging in an activity that others in their social circles consider idiotic, they will shy away from it (like buying bitcoin)
Adoption will take time, because the social consensus will take time to shift. But give 2 decades 3 decades and we may be in a hyperbitcoinized world!
Hello all,
I would like to dedicate myself to learning and reading more. All who would like to join me in this May join this keet room below. We can share book recommendations and insights.
Thanks, #plebchain
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The internet became pervasive because of its utility. As tools were built out that served a specific use case people slowly started to adopt the internet more broadly.
So to will be the case with Bitcoin. In a couple years, many people will be using Bitcoin, but may not be aware of it. Once it’s that pervasive, it’s only then Bitcoin will become more socially integrated and acceptable by the broader society to #hodl
The majority living in the present will always see those talking about the future as crazy.
The Majority: Cars will never make sense… We will never be able to fly… The internet is a fad… Bitcoin is a scam
The future always seems impossible until it’s a reality. These people will never recognize their failure to identify the next big thing after the fact. It’ll be a slow grind and it won’t happen overnight. But just as everyone slowly began to use the internet until everyone used it. So to will be the fate of #Bitcoin
What they always say! “This is the most unprecedented bubble of all time. Whatever idiot buys Bitcoin at these prices deserves to lose all their money when this goes to zero”
They won’t understand Bitcoin for awhile
Here’s the coolest part of that idea. #[1] could creat an AI not that helps remind people things. You could set that AI up, give it instructions to go market for business on nostr or elsewhere. And as it earns revenue it can pay any associate expenses directly, and pass any residual profit onto you the owner. And you could have dozens of these little profit centers working for you all around the internet without any human intervention.
Bitcoin is the only money AI can work in. With all government monies or gold you run into the oracle problem and AI could not directly verify whether contracts get paid or not. Bitcoin is the money of the future.
Bitcoin is speech, Bitcoin is property, some even believe Bitcoin to be armament.
The past 100 years have been dominated by weapons of tyranny. The next 100 will be dominated by tools defending individual sovereignty.
#plebchain #brightorangefuture
Bitcoin allows people to effectuate change even after they die.
In todays world, after you take your last breath, courts, executors and trustees take the reigns and in some cases due a horrific job of distributing your life’s earnings in the way you intended. Beneficiaries can get screwed and families can be torn apart.
Now, at least with your Bitcoin holdings, unimpeachable money contracts can be put in place to determine the destination/use of money. In the future this will be the norm. In the future, you could dedicate your estate to long term meaningful projects for humanity that will be your legacy. And with the help of AI (which soon will actually be able to store, manage, and distribute your wealth, possibly with occasional human confirmation, if you wish to set it up that way) you will be able to avoid the abuse of your estate after your passing.
#brightorangefuture #plebchain #bitcoin
Technology has decimated every industry with two exceptions, finance and healthcare. Hopefully this will be the decade that changes. Could United health care or Wells Fargo be the next Blockbuster?
The world always changes faster then people think. Hopefully a change in either/both of this industries could make for a better more productive society.
#plebchain
For some reason my wine filter relay is down, just thought I’d let you know in case you were unaware!
Keep up the good work!
Are we ever going to move to a pay/instance model? Probably makes better business sense, but maybe I’m wrong.
Love Wine Relay🤘
I forget to check twitter these days. Been having too much fun on Nostr!