“After thousands of interactions attempting to educate about Bitcoin, the most effective path seems to be not mentioning Bitcoin at all but rather illuminating the house of cards that fiat currency has become.”
https://blog.encryptedenergy.com/lightnings-interest-income-opportunity-a-revolution-in-finance/
“Lightning as a payments layer was created for the main chain to enable the best medium of exchange possible for the best money ever created.”
https://blog.encryptedenergy.com/lightnings-interest-income-opportunity-a-revolution-in-finance/
“It is unlikely that ETH will experience a significant price decrease because there are mechanisms in place to prevent it.”
“…the push by governments to classify Bitcoin as a commodity is largely motivated by their desire to maintain control over their economies. By subjecting Bitcoin to heavy taxes, regulations, and price manipulation, they hope to limit its potential as a currency and reinforce the existing system of government-issued money. However, it is important to remember that Bitcoin’s decentralized, trustless nature is what makes it so valuable in the first place.”
https://dailycoinpost.com/why-governments-are-pushing-for-bitcoin-to-be-a-commodity/
Thank you for the counter-view.
It will be fascinating to see what value the market assigns to one’s preferred asset/s over the next few decades.
“Bitcoin is beautiful in that it provides an elegant solution to both the unit and the ledger. The unit provides all of the characteristics of sound money and the ledger is reliable, unattackable, verifiable, global, accessible, provides fast final settlement and is trustworthy. An individual can personally interact with the ledger and provide verified final settlement across the globe in a matter of minutes on a ledger that doesn’t require a trusted intermediary.”
“On page 209, the author expresses his support for war as a normal part of culture and society by stating: “We must be willing to entertain an uncomfortable but potentially valid hypothesis that wars provide an irreplaceable social and technical benefit to society.”
This is a very controversial perspective and opinion. Reading academic work about a strategic national security tool by an author that believes in facilitating war as a culture – makes it difficult to interpret subject matter objectively.
With a topic as peaceful and technical as Bitcoin, operational systems and educational guidance is necessary without the opinion and rhetoric for personal pro-war ideology.
On page 217 JPL states that “oppression happens when people refuse to fight for what they value.” This is incorrect. Oppression can happen incrementally, in a population of distracted citizenry who have no idea they are in a fight for their very existence.”
“Cross-community collaboration could be improved by adhering to a few principles:
Minimise vendor lock-in. You’ll only get cross-pollination if you make it easy to come and go.
Check for prior art first. The problem may have been solved before, and it’s worth joining forces on existing efforts in any case.
Be open-minded to other approaches. There are great ideas in all communities.
Listen to the little guys. They’re the ones you’re building for!
Decouple and share core modules. Anything from your UI logic to your bridging code could be handy to somebody else!”
https://buttondown.email/whatever_jamie/archive/stop-building-closed-ecosystems/
“As it stands, attempting to remove the monetary system from the hands of the government is a tall order. Historically, governments haven’t tended to concede power for the betterment of the economy. However, we are in a unique period of history where we have another option, an alternative monetary system, one that is voluntary and therefore not forced upon us. That monetary system and currency is Bitcoin. What makes Bitcoin unique is that it displays the properties needed to take advantage of our deflationary world. With its decentralized network and a fixed total supply of 21million, as technology advances, value will only accumulate, causing Bitcoin to appreciate. You no longer have to hold a currency that can be devalued at will when the centralized power decides to increase the money supply.”
https://lookingglasseducation.com/bitcoin-inflating-the-prospects-of-deflation/
“By creating the Bitcoin system, Satoshi Nakamoto has given us all the ability to use an alternative system that allows us to protect ourselves from the risk of collapse of the current system.
When you buy Bitcoin, you are voting for a system that gives power back to you. A system that gives power back to the people. By becoming a Bitcoin HODLer, you are strengthening that system that takes power away from the bankers and the Fed.”
https://inbitcoinwetrust.substack.com/p/alone-against-the-current-system
“The West and the US are increasingly moving away from fossil fuel. In fact, both the EU and the US are bringing in new regulations that will make it harder for emerging economies in Asia, Africa, and Latin America to trade with the EU and the US. Take for example, the Carbon Border Adjustment Mechanism in the EU and Inflation Reduction Act in the US, both of which are aimed towards aligning trade rules with climate change mitigation policies pursued by the developing countries.”
Just published an introduction to hashrate estimate volatility, an explainer of why you should always question "newsworthy" hashrate changes. https://blog.lopp.net/what-is-the-bitcoin-networks-real-hashrate/
Thank you for this article!
Extract:
“Remember that Satoshi chose the difficulty adjustment to happen every 2,016 blocks and thus it recalculates the difficulty based upon a hashrate estimate that uses the trailing 2,016 blocks. While Satoshi didn't explain why they chose that specific value, it's quite likely that they understood that shorter time periods could result in too much volatility and thus inaccurate difficulty adjustments.”
“My story isn’t a prescription for anyone but me. I pulled off a pretty great trick: creating space to recover from burnout in one area of my life, while coasting in others, then rotating until I finally had the mental and emotional space to plan my full escape. …Burnout is a structural issue, built into the dysfunctions of our industry. Burnout is made out of individualism, and meritocracy, and doing too much with too little….
Structural problems require structural solutions. Healthy organizations, healthy people. …at the root of our problems is the belief that individuals can bear responsibility for personal failures caused by societal oppression. …At its worst, people die while trying to earn enough money to escape this environment. How can any of us get better if we can’t afford to extract ourselves from the environment that caused the harm?”
#grownostr #Bitcoin
There is no neutrality. You’re either contributing to a better money solution, or you’re part of the fiat money problem.
I hope that enough good initiatives are being worked on now to prevent a Mandibles type scenario from occurring in America.
"So many definitions of underlying inflation that you can almost always find a number that confirms your priors. But this report still looks like 'immaculate' disinflation — inflation falling without any rise in unemployment,"
“The reopening "doubles down" on an initial proposal that would force centralization and undercut new technologies, Republican Commissioner Hester Peirce said at the meeting.
"No longer does this commission worry that regulatory bullheadedness often produces absurd consequences," she said. "Rather, today's commission aggressively expands its regulatory reach to solve problems that do not exist."”
“…the yuan is poorly suited to become the world's central currency, as it is virtually pegged to the dollar, Earle said. The yuan is only allowed to trade in a 2% range against a midpoint determined daily by China's central bank.”