When you thought you were building a global monetary system that would remove power from the state and put money in the hands of the people.

But instead you get ETFs, KYC, jpegs, shitcoins and custodians while governments and institutions are the biggest holders

There are 60 million millionaires in the world, and every single one of them has a store of value problem. And so does everyone else in the world.

The cost to ship a sizable amount of gold internationally costs hundreds of thousands or millions of dollars. Even if you just buy hundreds of thousands of dollars worth of gold domestically and bring it home, you're paying a spot markup of thousands of dollars. The cost to close a luxury mansion real estate deal (which many wealthy people just own and leave empty as a store of value) can be hundreds of thousands of dollars or more, and then depending on their jurisdiction they pay hundreds of thousands of dollars per year in property taxes on it. An international wire transfer often costs like $30 and takes days and is entirely permissioned/centralized/credit-based. Credit card fees are like 3%. The global banking industry generates hundreds of billions of dollars in fees per year even though it's all centralized.

Bitcoin is a decentralized global liquid store of value and settlement network. You can send money to any internet-connected person in the world generally in an hour or less depending on desired block confirmations. You can indefinitely self-custodially store value in a unit that is scarcer than gold and scarcer than real estate and that unlike both gold and real estate is globally portable. It currently costs like $35 to do this and everyone is losing their minds at how expensive that seems. But $35 is an *outstanding* price for this service, and in ten years I have no idea what the price will be but there are many scenarios where it could be way higher.

Right now, bitcoin fees are higher than normal because people are trading frogs on the timechain and so forth. But regardless, people need to be ready for the prospect of sustained high fees if bitcoin adoption continues to grow structurally with limited block space. This means users, developers, businesses, etc. To put it into this bigger context, fees are still insanely cheap compared to other alternatives listed above that give similar store of value and global payment properties at scale.

I'm a bit surprised fees haven't *already* been $35 on a regular basis by now. So to flip it around; fees aren't expensive because there are frogs on the timechain; fees are still cheap because relatively few people are using bitcoin to send and store money compared to the total addressable market that could be doing so.

Does this price out small users? Unfortunately, yes. That's where layers come in, and the options vary depending on if someone is a power user or not. Hal Finney wrote about that in 2010; it's not a new narrative.

A couple Lightning channels can open a lot of payment liquidity for you. Sidechains like Liquid didn't get much attention when fees were low but now people are giving them a second look. Chaumian mints allow communities around the world to set up their own community banks/custodians with built-in privacy. Places like Cash App allow people to buy bitcoin with decent custodial assurances run by serious people (eg it's not some crazy-haired idiot in the Bahamas). These are all tools that people can use to have bitcoin price exposure, pay in bitcoin, etc. And a unique aspect of bitcoin is the ability to split control. Multi-institution multi-sigs, or federated sidechains: the fact that ownership can be broken into several different entities is not something available to gold or similar assets, and yet a lot of people take it for granted on bitcoin. These are all tools that businesses can offer and people can use for smaller amounts, and then pull into on-chain self-custody if they have a sizable balance for longer-term storage.

In the future, some soft forks or non-form upgrades might allow other types of models. I think the ecosystem is still in its infancy. But in the meantime, it helps to have perspective on what bitcoin offers compared to alternatives, and to be realistic about the long-run inevitability of substantial base-layer fees if any meaningful adoption becomes sustained, and thus the importance of preparing for them.

Yeah, for example,

people on nostr write their simplex profile. Everyone can see nostr metadata. So if you write someone on nostr , then a hacker can write back on simplex saying to talk here its safer

Rockefeller tree with my mom 🎄♥️

This is the second time I have heard this from people working on Bitcoin Core. Any other core contributors feel the same way?

ignorance was bliss on this one. guess that extra wallet.dat file can be deleted.

Better get out of the USA before they start prosecuting people for money laundering for sending their sats into a coin join transaction though. It's going to happen. Doesn't matter if they can't see where those sats went on the other side. They can see that you sent them into that transaction and that will be enough.

Ordinals and inscriptions aren’t using bitcoin the money. They are merely using #Bitcoin  *nodes* to store their garbage, and the bitcoin *name* to sell it to people.

It makes perfect, and necessary,

logic to build, optimize, and restrict the #Bitcoin  system to only allow and facilitate the bitcoin *money.*

This isn’t a contradiction, it isn’t censorship, it’s necessary to defining what the protocol even does.

Any other arguments you want to have about the difficulty, feasibility, or foolishness of making or trying to reverse changes or certain data that is already included are valid. But the above point is true no matter what side you take.

Nostr is weird now. Yesterday I did a giveaway and got some dislike for it. #Zapathons are gone and dead now. The culture is changing for sure. But one thing for sure, never forget the early days. There was so much more love being spread all around. I'm not talking about zaps, I'm talking about community love. Giveaways are a way to give back, not get self promotional attention. People here now must be used to the old fiat ways from other social platforms.

DETOX SUPPLEMENTS FOR VACCINE INJURED VICTIMS

🖲Magnesium — plays many crucial roles in the body, such as supporting muscle & nerve function and energy production.

🖲NAC — (a precursor to glutathione) provides a variety of protective antioxidant effects, block damages to DNA, strengthening all organs, including the brain — dissolves mucus, improves breathing & respiratory problems. NAC powers up the immune system, boosting antibodies, increasing glutathione, which fights disease & aging. NAC has been around for decades, proven to be very safe, with NO SIDE EFFECTS.

🖲Glutathione — is the body's most powerful antioxidant & counteracts the harmful effects of graphene oxide. Human bodies produce glutathione naturally but over as humans age & absorbs toxins, the production of it slows down. Children naturally have high glutathione levels. Glutathione is a body-specific antioxidant that cells need to function & survive. When you get sick, the level of glutathione can drop.

🖲Selenium — a trace element that is naturally present in many foods & available as a dietary supplement. Selenium, which is nutritionally essential for humans, is a constituent of more than two dozen selenoproteins that play critical roles in reproduction, thyroid hormone metabolism, DNA synthesis & protection from oxidative damage and infection.

🖲Quercetin — have significant capability to interfere with SARS-CoV-2 replication and multi-faceted anti-inflammatory and thrombin-inhibitory actions.

🖲Vitamin D/C/A – promotes immune cell proliferation, stimulates antimicrobial peptides, cytokines and immune cell proliferation, enhances mucosal Integrity, antioxidant, protects healthy cells, activated immune cells, antiviral, coordinates cellular immune response.

🖲Zinc – essential for binding capacity & optimizing lethality of immune cells. Promotes antiviral enzyme blocking viral replication.

🖲Zeolite — has a strong attraction to many heavy metals including mercury, lead, cadmium, and arsenic. It also binds to & removes many chemicals like fluorine & chlorine, eliminating free radicals of all types, and it reverses acute chemical & allergic reactions, all without removing vital nutrients from the body. This makes it a maximum detoxifier.

🖲Pine Needle Tea, Fennel See, Star Anise — contains shikimic acid, high levels of antioxidants & DNA-protective properties.

🖲Dandelion Root —  blocks interaction between ACE2, spike protein & variants.

🖲Black Cumin Seed Oil — is natural alternative for Ivermectin. Nigella sativa has been used as traditional medicine for centuries. The oil from its seeds are effective against many diseases like cancer, cardiovascular complications, diabetes, asthma, kidney disease — also effective against cancer in blood system, lung, kidney, liver, prostate, breast, cervix & skin.

🖲Fulvic Acid & Shilajit — have long been used in traditional medicine & reduces inflammation and boost immunity. Fulvic acid has been well studied for its effects on immune health and inflammation. Improve disease resistance, increase your immune defenses, fight inflammation, chronic diseases & enhance antioxidant activity.

🖲Bio-Fibrin — is a proteolytic enzyme (a process known as proteolysis - help dissolve proteins. There are over 700 identified human enzymes, and each enzyme has a specific biochemical reaction involving a specific substance.

Activated Charcoal, Chlorophyll, Chlorella, Spirulina, Irish Sea Moss, C-60, Power Immunity, Infrared Sauna, Green Tea, Alkaline Water, Probiotics, Cinnamon & Raw Honey, Avocado, Garlic, Turmeric, Cilantro, Ginger, Cruciferous vegetables & leafy greens are also great detoxes for the body.

It’s a bad idea to sell bitcoin to institutional investors. They’re harder to get back.

Eh, also be careful how you launder your KYC Bitcoin. Everybody in the USA sending KYC Bitcoin into coin join transactions is in for a rude awakening in the future I predict.