““Bitcoin 2023 will celebrate the power of Bitcoin as a defensive tool for anyone who chooses to use it and should help many see they have the ability to opt out of our broken system without permission,” he concluded. “Bitcoin is a lifeboat, but it is up to individuals to get off the sinking ship themselves.””
“Our politicians are corrupt and our institutions are broken, freedom tech is the only real option we have.”
“It is easy to dismiss Bitcoin as tech, as code, but ultimately, it is a movement of individuals. This movement will succeed on the shoulders of those individuals who choose to stand up and contribute.”
“…the entire game is now about liquidity in global financial markets. …central bank largesse has created a monstrosity that knows nothing other than fiscal and monetary support during times of even the slightest distress.”
“Tokenization is just another perpetuation of the current system in a faux peer-to-peer wrapper, disguised as financial innovation.”
“A system without any central point of control is referred to as being decentralized. Bitcoin is designed to avoid having a central point of control, or more precisely a central point of censorship. Decentralization is a means to achieve censorship resistance.
There are two major aspects of decentralization in Bitcoin: miner decentralization and full node decentralization. Miner decentralization refers to the fact that transaction processing isn’t performed nor coordinated by any central entity. Full node decentralization refers to the fact that validation of the blocks, i.e. the data that miners output, gets done at the edge of the network, ultimately by its users, and not by a few trusted authorities.”
“Texas has shown itself to be open to the Bitcoin mining industry becoming a leader in the space… This legislation would put that in jeopardy with no benefits to the people of Texas.”
“…the redeemability of a single fiat dollar stems from governments’ ability to have indebted themselves by issuing treasuries and subsequently taxing the future productivity of their citizens to pay those debts.”
“…in order to issue vast amounts of dollars globally, the Eurodollar system borrowed gargantuan debts from future generations, while taking on devastating levels of leverage, all while being hidden under a veil of shadows.”
“…for many developing countries with large energy resources, including hydropower capacity, it is often too expensive to build the transmission and distribution infrastructure to move electricity from where it is produced to where it is consumed. They do not have the money or the production capacity to readily use electricity. These resources are at this stage available for profitable bitcoin mining, which would be a potential source of income for these countries.”
“By allowing relays that are already aligned with end users to broker connections with extensions, they form a circuit breaker for delegated trust. This is more convenient for end users, and makes it easier to switch extensions if needed, since relay operators are more likely to have their finger on the pulse than end users.”
blog.coracle.social/posts/c1c74b4b60f36a29b77c358e72eb0452bf742ed7fec1d5f5625e84b54c1cc05
““Truly disintermediating traditional banks at scale will require a level of technological accessibility for bitcoin self custody that isn’t there yet,” she concluded. “But there are many brilliant people working to solve this problem. Universalizing bitcoin self custody is akin to universalizing literacy…”
“…I can admit to having bit bias. That can be chalked up as a belief that the fundamental attributes of Bitcoin technology — decentralization, self custody, ownership and control — will morph in ways we cannot fully comprehend today.”
“For all the troubles of the West, the US and the EU are coherent actors with deeply embedded institutional structures that are difficult to replicate. The costs associated with the introduction of the euro were unequally distributed among member states, but the vision of a common currency as a unifying symbol was seen to be worth the sacrifice. There is no similar shared vision between India, Brazil, China, Iran, Russia, and those other states that would allow for the replication of a common currency. For now, and for some time to come, the dollar is here to stay.”
“A question I love to ask people is, “What have you changed your mind about in the last decade?”…
I am always so suspicious of people who say, “nothing.” They act like it’s a sign of intelligence – that their beliefs are so accurate that they couldn’t possibly need to change. But I think it’s the surest sign of ignorance and stubbornness.”
Opting out with Bitcoin > protesting to the authorities
According to the team, "the name Blink represents the glimmer in the eye of a person who just received their first sats. It's the embodiment of a transaction zapping across the world, connecting two people who never before could transmit value to each other."
“Platforms like Boerse Stuttgart Digital and Fidelity have made bitcoin trading available to investors on these platforms, but do not necessarily further enable the true potential of bitcoin adoption.”
“…it seems that anyone who wants the U.S. government to grow a pair of cyber-antlers will first need to master other forms of non-lethal resource competition: argumentation and bureaucratic jockeying.”
"We think the inattentiveness threshold has been reached, and the second wave of deposit outflows has begun, and we expect banks to compete more aggressively for deposits," Abate noted.