Buen día 🫂☕🫡
Un poco de humor 🤣🤣 https://cdn.nostrcheck.me/36d27d676a53a364d9d4e47a30edaf1171477ae355707332274e2478eb359d80.mp4
Donde es?? Quiero visitarlo!
Explica un poco más! Suena interesante 😁
Still figuring out how to use Nostr, support and advice appreciated!
Bitcoin is a mathematical certainty 🧡
Best of luck!
Congrats on this big step!
Will you be home-schooling her, Deutsche Schule, local school, international school? Asking for a friend 😅
My 🍊💊-ing response to someone with a sharp mind inquiring about #Bitcoin:
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About my reasoning, it has taken me a few years to reframe my mental models and gain further conviction. I try to summarise it:
- Bitcoin cannot be stopped (no controlling party)
- It cannot be censored (decentralised)
- It cannot be hacked or confiscated (public key cryptography)
- It cannot be regulated (well it can, but it cannot be enforced, since it lives outside the system)
- It cannot be co-opted (51% attack impossible even when the network was 100 times smaller)
- It doesn’t have counter-party risk (digital commodity)
- It has solved the double-spend problem forever (problems are solved only once)
- It has created the only digital scarcity it exists (one can argue even the only scarcity at all)
- it can be used anonymously (no need to ask permission)
- It is open source (no dependence on any "app")
- It is verifiable (the whole history of transfers and balances can be audited by anyone, anytime)
- it doesn't have a pre-mine (like most other cryptocurrencies have)
- it has a fixed supply forever (decentralised)
For me, it was when I rationally realised that all those statements are true at the same time and thought about the implications of all of them when put together, that I came to the conclusion that Bitcoin is inevitable.
This is so even without considering that fiat currencies need to be constantly depreciated over time (supply expanded) by definition, which they are, yet still people cannot realize from within the system that this means that their past time and efforts (their savings) are and will be constantly devalued.
To the point on the alternative cryptocurrencies, most of the statements above are not true for any other coin (most have a founder and company behind), currency or asset, let alone at the same time. Additionally, it would be impossible to replicate again all those characteristics at the same time without compromising on decentralisation, so zero chance for competitors.
For that I think Bitcoin will necessarily keep growing in its use case as the ultimate savings technology (current market cap $2T out of $900T of total assets), demonetising stocks, real estate (affordable living!), bonds, etc on its way, while also continue to provide a payment solution for those who need to transfer value without being censored, tracked, or who don't want to ask for permission (think criminals, but also people living under authoritarian regimes or sovereign individuals). This dynamic would repeat until the value of fiat currencies collapse, and people collectively decide to use Bitcoin not only as a store of value, but also as a means of payment and unit of account. The tipping point will be when the people and businesses you interact with don't want your fiat money.
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Liked it? 🙏 Give it a like or repost. I’m new to #Nostr and would love to interact with more people
#Hispano
Well, what I can share is that not long ago I left wunderschönes Bayern for a place that shares some similarities with Cyprus, for the good of my family
Lucky that my job allows for that, but is still a fiat job, and I feel the struggle every second of my life. My humble stack does not allow for more, but Bitcoin helps me think in decades
So far I could build with my own hands a garden, a chicken house, a wooden house for the kids and things like that. An own house would be an amazing project
I wouldn’t mind a -50% to stack even harder though
Nice!! Where are you??
I find building things manually is 10x more rewarding than an business job, even if it’s fulfilling
Let me know when you start building your house, I might start another!
Let’s go! I don’t know you but from what you describe I might be 2-5 years behind you, so you are the future me I’m chasing
I have a different set of interests, but being able to work in and for bitcoin is the ultimate ikigai kind of thing
I believe with POW you’ll add value, and this value will be compensated and you’ll be able to provide for your family in an honest way.
Keep it up
Monetary activity can never out compete spam, the same as shitcoins will never die.
Some will go. New will grow. Like weed in your garden, it will keep growing.
I’ve always been a moderate, and I’m switching to Knots. Because I’m an egoistic economic actor.
I am also very suspicious of the paternalistic (we’ll decide for you), aggressive (just propose a consensus rule change) and defeated (we can’t stop it anyhow) approach of Core.
But honestly, the good thing about being a pleb is that I’m not tied to any reputation I need to maintain. I’ll be equally critical when listening to both sides moving forward. No shame in being wrong.
I also like watching Bitcoin’s resilience real-time
Peace 🧡
Para alguien que nunca ha practicado artes marciales cuál recomendarías para empezar y por qué?
El boxeo siempre me ha atraído pero entiendo que las mixtas, muay thai, etc son un reflejo más fiel de la realidad
Sunday reminders:
Central banking is a Ponzi scheme. Act accordingly.
Politicians are not the solution. Don’t idolize anyone.
Human reason will deform the perception of reality until it fits our preconceived solutions. Always keep an open mind and think critically.
IMO they are competing with Strategy. Leveraging Bitcoin’s growth to provide cantillioners with a higher return in a fiat-denominated unit of account
Me ha hecho entender tantas cosas! Difícil resumir, pero tres destacan:
Al final, todo se reduce a los incentivos
Prueba de Trabajo
Bitcoin traerá abundancia de energía para la Humanidad
No faith in that Bitcoin will also change *them*?