This was painful to read:
"This process involves looking up all of your followers, then inserting a new row into each of their Timeline tables in reverse chronological order with a reference to your post."
Because *the majority* says they can't
There's a classic finance aphorism: the market can stay irrational longer than you can stay solvent
🤷🏻♂️ When very large institutions want your coins they're worth more. When they stop wanting your coins, they're worth less
No one! But the inter-bank markets will have different pricing. If non-bank UTXOs are used to pay a bank, they'll use a lower, non-bank exchange rate
Logically it should. Properly timed, no, it will be a painful betrayal at a vulnerable time.
I'm coming at this constructively: I want Bitcoin to succeed! But for that to happen, we also need to recognize the magnitude of what that means.
Plus, the economy is always growing! Have to account for that, so approved miners will vote for raising the supply cap (or lose approval)
Only UTXOs controlled by banks are liquid. Only blocks mined by approved miners are valid.
It can do that too:
1. "Wait for" an emergency
2. Print a few $T to deal with emergency
3. Suggest the dollar might fail due to emergency
4. When people are afraid and turn to Bitcoin, start aggressively dumping it
5. When confidence is lost, quietly buy most of it in a coordinated fashion that doesn't raise the price
Voilà, Bitcoin is now a reserve currency
Fair.
1. Introduce energy regulations that require miners be certified
2. Introduce financial regulations that require client libraries be certified
3. Introduce consumer protections that require key recovery
4. Introduce AML regulations
Voilà, Bitcoin is now a CBDC
Wealth is power, and power has a lot of options. Consider XZ/LZMA Utils
There is more wealth that wants Bitcoin to fail than wants it to succeed.
All progress is science:
Something is wrong.
What is wrong?
Why is it wrong?
How can we change it?
How will we know it worked?
Be the change.
Did that work?
Is it still wrong?
"What can I tell ya, kid? Computers never lie"
LLMs are funny
ChatGPT, what is HAARP for?
HARP is an atmospheric research facility
ChatGPT, what are China's HAARP-like facilities for?
Ionospheric modification technology has concerning potential dual-use military applications
You can fool AI, but AI isn't fooled by the same things people are