“The Lightning Network has a flourishing ecosystem that is continuously growing, with micropayments being integrated into paywalled media content, value-for-value platforms, crowdfunding opportunities, tipping on social media (Hello nostr)…”
#nostr
“"Payment reliability is of critical importance to the enterprises and institutions now considering, currently using, or actively preparing to onboard to the Lightning Network in 2023," Stillmark Managing Partner Alyse Killeen said. She added that “These businesses are seeking the superior efficiency and availability of Lightning compared to other payment protocols generally and traditional payment systems specifically.””
“Should the UK courts rule in Tulip Trading’s favor, open-source developers could be considered fiduciaries to users of software that they have contributed to, even in projects without any formal assumption of duty or compensation for costs and associated risks. Alex Morcos, the co-founder of Chaincode Labs and the Bitcoin Legal Defense Fund, said, "the Tulip Trading case threatens not only the MIT License but also the very notion of freedom of speech."”
“…Bitcoin's disruptive potential extends beyond just providing a more efficient and transparent means of buying and selling art. It has the power to fundamentally change the traditional art world's structure by offering a decentralized, peer-to-peer relationship between artists and collectors. This shift is crucial because it enables artists to have direct relationships with their collectors, rather than relying on galleries to control access to their work.”
“According to María, "Bitcoin redefines the right to property by making it absolute and poses a new challenge to states, opening the door to new political forms by changing the current bargaining power. If gunpowder accelerated the passage from the Middle Ages to the Modern Age, Bitcoin will help accelerate the passage to the Information Age."”
“It’s often said that gold is the king’s money, and fiat is government money. If so, then bitcoin is undoubtedly the people’s money.”
“…bitcoin is built for the digital age. Its supply is strictly regulated by its code and enforced by those who use it. It’s a system of rules without rulers, that allows transactions to be transmitted globally in mere seconds and settled within minutes without incurring the exorbitant expenses and approval typically associated with traditional financial systems.”
#plebchain
“Decentralization ensures that nobody, nowhere, can have their money confiscated or blocked from usage. Censorship resistance is a relatively new monetary property for those who want to be sure their wealth is untouchable.”
“Established history — The Lindy effect suggests that the life expectancy of certain non-perishable entities, such as technologies or ideas, is directly related to their current age. In essence, the longer these entities have survived and remained relevant, the greater their chances of continued existence into the future. This longevity indicates resistance to change, obsolescence or competition, which increases their chance of survival over time.”
“Money that doesn’t store value into the future results in a society that concerns itself less about the future.”
“Andreas Antonopoulos, a long-time Bitcoin educator, argues that technology and network systems in the modern era may have given rise to a darker side of money. He introduced a fourth function:
4. System of Control (external link): Money as a system of control refers to how money can be manipulated to serve political agendas. This has turned financial services companies into deputies of the system.”
“…the lack of inflationary pressures on the unit of account would also promote more responsible economic decision-making by governments and businesses. Since the temptation to print more money to fund government programs or stimulate the economy would be removed, policymakers would have to find other ways to manage economic growth, such as through innovation, productivity and investment.”
“Inflation doesn't make the Unit of Account (UoA) function worse; however, price instability does make it challenging to compare the worth of goods and services over time. The unit of account serves to facilitate the understanding of supply and demand dynamics in the economy, but its reliability is severely eroded by inflation.”
“Technical development of Bitcoin Core has proceeded carefully, avoiding inducing risk associated with fast changes, yet the growth of the Bitcoin startup category has begun to accelerate in the last two years… In addition, technology enablements such as SegWit (2017) and Taproot (2021) activations gave rise to the Lightning Network and other areas for entrepreneurial exploration and development.”
Optimism is a belief in a brighter future.
#Bitcoin #plebchain #nostr
A politician who likes #Bitcoin is still a politician. The #plebchain should forever retain the adversarial mindset when analysing the words and actions of the establishment.
While it’s convenient and easy to build up a decent #Bitcoin position via fiat-based on-ramps, these moves by the establishment highlight the importance of the p2p aspect of decentralisation.
While it’s convenient easier to build up a decent #Bitcoin position via fiat-based on-ramps, these moves by the establishment highlight the importance of the p2p aspect of decentralisation.
“A recent Fed rule "is the most egregious example of the banking regulators' discriminatory and unlawful efforts to shut crypto out of the banking system," writes Marisa Coppel, policy counsel for the Blockchain Association.”
These nuances have the potential to fuel paradigm shifts.