Just as El Salvador took a leap of faith to become Bitcoin country, there's a limited time for trad companies to gain customers, publicity, & a treasury by embracing Bitcoin!
If it's rolled out right, we'll come & spend sats (eg SteaknShake). But they need to be one of the 1st to gain our attention & favour & they need to be on the same wavelength (eg tallow fries)
I've run the #'s for the most controversial new investment:
-Teeth are are not as scarce as Bitcoin: 21M vs 210B (poetic #s actually)
-S2F model favors bitcoin > teeth > gold
-Fair/decentralized distribution of teeth > gold
Conclusion: ๐ฆท are a better investment than gold, but Bitcoin reigns king
PS And the most expensive tooth ever sold is Sir Isaac Newtonโs tooth, auctioned in London in 1816 for ยฃ730. Adjusted for inflation, this is ~$35,700 today, with its historical value estimated ~$62,000. Not a bad store of value!
The sauce for the DD:
Dear scammer, I think I'm winning, ergo I will not report or undo this tx ๐ซก
It started with cypherpunks. Now the state wants in
Here's how adoption will unfold:
1. Nation-states mining Bitcoin โ ๏ธ
2. Nation-state reserves โ ๏ธ
3. Nation-states funding core devs โณ๏ธ
If there is controversy in the Bitcoin community for corporations funding bitcoin developers, wait until core devs are on various government's payrolls
Coinbase custodies 2.7 million Bitcoin... the ultimate heist
Unpopular opinion: Quantum is a bigger threat to Bitcoin than spam, and the community should be putting in more energy and time into quantum resistance than the knots/core drama
Bitcoin podcasters on each other's show
Black Mirror called, they want their plotline back...
New rules in Spain: cash withdrawals over โฌ3,000 require strict reporting rules to tax agency to avoid heavy fines
Alliances between sovereign Bitcoin mining pools will be as strategically vital as NATO, SWIFT & WTO participation is now
7.5km
18.7k steps
One incredible view
Bonus pic :)
๐ง๐ต๐ฒ ๐ณ๐๐๐๐ฟ๐ฒ ๐ผ๐ณ ๐ป๐ฎ๐๐ถ๐ผ๐ป-๐๐๐ฎ๐๐ฒ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐บ๐ถ๐ป๐ถ๐ป๐ด: ๐ฎ ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฐ ๐ฝ๐น๐ฎ๐๐ฏ๐ผ๐ผ๐ธ
๐ญ. ๐ฆ๐ฒ๐ฐ๐๐ฟ๐ฒ ๐ฑ๐ผ๐บ๐ฒ๐๐๐ถ๐ฐ ๐ต๐ฎ๐๐ต๐ฝ๐ผ๐๐ฒ๐ฟ. Treat mining like any other strategic infrastructure. Incentivize domestic mining companies by lowering regulatory/administative burdens. Development of joint gov/private projects on stranded hydro, flare-gas or wind-curtailment sites.
๐ฎ. ๐๐๐๐ฎ๐ฏ๐น๐ถ๐๐ต ๐ฎ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ถ๐ด๐ป ๐ฝ๐ผ๐ผ๐น. Even a small pool guarantees block templates free from external censorship and ensures the governments' and its citizens' transactions are included in blocks.
๐ฏ. ๐๐ผ๐ฟ๐ด๐ฒ ๐ฝ๐ผ๐ผ๐น ๐ฎ๐น๐น๐ถ๐ฎ๐ป๐ฐ๐ฒ๐. Pacts with allied pools can backstop national capacity during fee shocks.
๐ฐ. ๐ ๐ผ๐ป๐ถ๐๐ผ๐ฟ ๐ฏ๐น๐ผ๐ฐ๐ธ-๐น๐ฒ๐๐ฒ๐น ๐บ๐ฒ๐๐ฟ๐ถ๐ฐ๐. Observe for signs of exclusion, censorship, or manipulation within the network - eg a pattern of omission may signal selective censorship or regulatory compliance to foreign policies (eg OFAC). Track template distribution and orphan-block rates for early signs of censorship, manipulation or collusion attempts.
Vanguard: No Bitcoin for you
Also Vanguard: Hereโs a hot new bond ladder and a brochure from 1995
The next breakout company will solve the problem of subscription overload. A one-time fee.
I just want to own things again
Bitcoin transactions are forever
Nostr notes are forever (unless relays act nice)
The alternate timeline where North Korea becomes a quantum powerhouse so it can hack Satoshi's coins or vulnerable Bitcoin addresses
๐๐น๐ผ๐ฐ๐ธ๐๐ฝ๐ฎ๐ฐ๐ฒ ๐๐ฎ๐ฟ๐
Bitcoin blockspace and hashrate will emerge as strategic resources on par with airspace and maritime lanes: essential infrastructure for exercising financial sovereignty and a nations ability to access global commerce and trade
Without access to blockspace, users cannot send or receive Bitcoin. Hashrate secures access to blockspace.
Thus, nations that pair domestic Bitcoin mining with sovereign mining pools (or allied pools) will ensure:
1. Censorship-resistant payment rails for their citizens
2. Insurance against economic warfare or sanctions
3. A new export industry: blockspace
Nations that ignore this new domain risk discovering that future sovereignty... will be settled one block at a time