Afternoon in good company. #bitcoin
It is quality of one's convictions that determines success, not the number of followers.
- Remus Lupin on why bitcoiners will win
#bitcoin
New thought intruded into my head.
What if nation-states, instead of directly fighting #bitcoin, start creating subsidies for miners.
As everything that states provide subsidies for becomes immeasurably corrupt and broken, it might start incentivize only the bad actor miners and pushing out the good ones.
I don't have any opinion or idea 💡 about the potential outcome yet. Need to let it rot it in my head for a while. It would probably have to happen in jurisdictions where electricity is cheap. In other jurisdictuons it would only bring miners which would otherwise not be profitable to mine.
But what do you think?
Hyperinflation is here already. All fiat is hyperinflating through four-year lens of #bitcoin. It's up to you if you decide to witness the world through grim fiat glasses or hopeful orange bitcoin glasses.
Choose bitcoin as your unit of account.
Working on presentation about my #bitcoin travels in El Salvador & Guatemala...
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Did you train it on that M2 it runs on or on some heavyweight desktop or GPU rig? 🤔
#Bitcoin literally arrived last minute. With the upcoming financial totality (CBDC) and rapid growth in efficiency (AI), non-state money is absolutely crucial.
Imagine – and this will happen soon – that central bankers will try to maintain x% inflation in a world of dramatically increasing efficiency.
Instead of growing prosperity corresponding to human progress, braindead central bankers will try to maintain inflation, "because it is essential for the economy."
The only thing they will achieve is massive theft of wealth from the population.
Fortunately, we already have an opt-out strategy. We have bitcoin.
Working for corporate bullshittery with crap products is sucking life out of me. Gotta bootstrap my own #bitcoin business ASAP...
Have a beautiful day everyone.
Gold panning in Costa Rica. What you can see is about 4 hours worth of work of these three gentlemen. It's macro-shot, it's actually worth only about 15$. But every once in a while they find larger nugget.
If you ask me, mining #bitcoin is way easier...
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Shouldn't he now pay you like a gazillion of fiat money for your legal costs as well as damages?
And would you accept it in #BSV? :D
I took these pictures of a motorcycle in El Salvador on my way from Santa Ana volcano. I don't know, it somehow felt fitting... 🤷 #bitcoin
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Stickity stickeroo #bitcoin
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Why is #bitcoin the future and why won't any better technology in the form of altcoins emerge?
In my opinion, future global money must meet several conditions. All are necessary, but none alone is sufficient. Only bitcoin, in my view, fulfills them all.
#1 It must be independent of states, organizations, or any individuals.
#2 It must operate on Proof of Work consensus; PoS leads to long-term centralization, violating condition #1.
#3 Precise monetary policy with a limited maximum supply.
#4 Network/Viral effect. It must be a widespread technology, and Bitcoin is the most widespread.
#5 It must technically enable both secure storage of funds and instant, convenient, and inexpensive exchange. (Ahem... Lightning, which 99% of altcoins pretend not to have heard of)
#6 It must be an open protocol that anyone can freely use and build upon.
Am I forgetting something? Add whatever comes to your mind. :-)
Bit of orange-pilling here and there... #bitcoin
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Show me a person who truly understands #bitcoin and honestly despises it. Do such people exist?
Our numbers are only growing, we are explaining bitcoin to newbies, converting others, and raising little biitcoiners as well.
How can we lose?
Bitcoiners turn attacks, lies and propaganda into impenetrable shield of humour and memes.
Just like #bitcoin turns human greed and selfishness into the network's prosperity and resilience.
It's mind-boggling that someone can actually think that something cannot be money if state doesn't force it upon us. Unbelievable. I'm speechless.
#ProofOfInternet #RogueMoney
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Fiat standard started in 1971 - 53 years ago.
Most people alive never experienced the pseudo gold standard of the pre-1971 era. And noone alive experienced true sound money.
Yet many fiat folks stubbornly talk about the intrinsic value and speculative nature of #bitcoin. Funny.
Could Gary be Satoshi? 🤔 Imagine that... Protecting "his child" for all that time from potential ETF centralization. Kind of like Snape/Potter relationship.
Compared to PoS coins, ETF for PoW based #bitcoin has much more limited centralizing potential.
It's good. But Talisker just clicks with me so much better.
The taste seems more complex and rich, keeps being interesting to me. But I often get Ardbeg or Laphroaig when Talisker's not on the store's shelf.