Avatar
Mulecolt
794be744102320c5b47bd88907b9842f79b16b8a2c82db09a02d2fa3052fbe8b
I don’t exist

Nothing wrong with being scared. The only sin is acting on it.

Moonlight Sonata. The juxtaposition of major/minor, tension/release, quiet/loud, simple/complex. You feel the greatest joy after emerging from the deepest sadness. It’s just very human.

Replying to Avatar bitcoinlimit

There’s a cult on Nostr that only zaps nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m and a few other high-profile people. You’d never see them zapping 3k sats to a regular pleb regardless of the quality of their posts. I call them the “ass-licking zappers”.

As I get more wealth people give me more free things. When I was poor nobody gave me shit. Humans are weird.

Awesome. Try getting direct customer support from the CEO of your bank. Or anyone at your bank.

I’m sure strangers on the internet told him to tell bitcoin and buy VOO and now he’s asking strangers on the internet if he should buy bitcoin again. Root problem: trusting internet strangers more than himself.

My dog and I watched some ducks come in on a frozen pond this morning. Way more real and interesting than anything that has ever happened or ever will happen on social media.

Most of Castle Island’s portfolio companies would benefit much more from “crypto” regulation as it’s mostly DeFi and stables. I don’t believe he’s a patriot worried about the reputation of the dollar. It’s more likely he prefers to promote the dollar via stable coins and DeFi as it would be far more lucrative for him. He’s probably also worried about a “bitcoin not crypto” attitude as regulations are formed.

It seems a bitcoin bill of rights that upholds the core tenets of bitcoin would be simple enough. Kind of the way bitcoin’s principles are inherited by L2s, they would be inherited by the bill.

What I thought was a fartcoin was actually a shitcoin. And I was driving.

Replying to Avatar L0la L33tz

David Bailey just posted the draft for an executive order for the Bitcoin Strategic Reserve under Trump – and it's an absolute nightmare for anyone using bitcoin as money.

First, the draft order defines Bitcoin as "a finite store-of-value asset, akin to digital gold."

As someone who has lived on Bitcoin for a fairly long time, I can say that Bitcoin is not merely a "store-of-value asset", but a money for payment and day to day purchases.

Defining Bitcoin as a "store-of-value asset" reinforces the ossification narrative (who needs to move a stonk several times in a day?) which may put developers at risk when prioritizing changes to btc to make it more usable as money (think scaling for example).

With this definition, a softfork to activate covenants may become an issue of US national security that goes against the US' definition of its primary goals - directly putting developers in the firing line of the United States Government.

The draft states that federal agencies, such as the US Marshall's Service, may not auction seized Bitcoin off, but must contribute them to the strategic reserve.

This not only reduces the Bitcoin in circulation available to the public, but additionally sets the incentive for the US to increase its seizing efforts – think increased AML/KYC.

While I'm no fan of the strategic reserve in general, this draft is an even bigger disappointment than Sen. Lummis' proposed Bitcoin Act.

To compare this to how El Salvador has implemented Bitcoin, which I admit I initially wasn't a fan of either, ES directly gives citizens rights to use Bitcoin as money - which is a huge upside to benefit the people, and not just the national security state.

No offense, but letting a couple of children that just graduated college and a guy who runs a magazine draft US policy is a scene straight out of idiocracy.

Next time, maybe try speaking to the people actually building and using bitcoin, not just to the boomers and national security goons that sit on the money like a fat kid at the cake buffet.

Incredibly unprofessional conduct here by BPI, a huge risk to anyone using Bitcoin for anything other than an investment, and a testament to the people involved being more interested in furthering their own importance than to empower people with a money without state.

Sincerely hope that this EO is drastically challenged on all levels and hopefully somehow deemed unconstitutional to protect btc and the people developing it.

Maybe write a counter proposal. What does good look like?

To be fair ES gave the people the right to use bitcoin as money and they don’t. They much prefer dollars because they need to know that the value isn’t going to drop so much that they can’t buy groceries. Countries that have access to USD use USD over everything else including bitcoin.

One could argue bitcoin needs to go through a store of value phase to get to a valuation where it’s stable enough to be used as a medium of exchange.