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Jellyfish🪼⚡️
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New here! I like to learn about bitcoin :)
Replying to Avatar boston wine

One place I’ve repeatedly gotten stuck, is on the fact that there will not be enough UTXOs for every person on earth to own even one.

Layer-2 and 3 (and 4, 5, etc) solutions are the only ways to “reach” everyone, and some of those implementations will invariably involve trust, fractional reserve banking, and custodial third parties.

Humans are amazing, but we’re also short-term opportunists by default, and there will always be “fiat” pursuits. At least until we are all collectively so enlightened that the need for a medium of exchange ceases to exist (lol, different rabbit hole).

Real, actual bitcoin won’t (can’t) be the way that everyone manages their daily transactions — even in a “post-hyper-bitcoinized” world. It’s not possible (at least as I understand it, based on the minimum UTXO size for a transaction).

But also, I think that’s okay…

I think it will be “enough” for Bitcoin to be recognized and implemented as a global monetary base layer. A transparent and free market for money can force participants (banks) to be transparent about risk tradeoffs. It can force governments to only spend tax revenue on things the citizens actually want and approve of, at risk of being “busted” and voted out. It can still give every user the ability to save in a money (or a monetary “layer” atop a consistent base) that can’t be devalued — and when a bank or government tries to devalue it, the citizen retains their permissionless freedom, to chose a better custodian.

I don’t think every global citizen needs to hold Bitcoin for this to work. Bitcoin just needs to work.

Everyone can’t own a whole oz of gold either :/

What’s wrong with lightning ?

Just tipped my barista in ⚡️

Still don’t know what’s the #zapathon

Repost & get #zapped #nostr #ad

Thinking about putting together a #Nostr bot 👀 what sounds cool?

This person is literally paralyzed from the neck down,

They couldn’t play their fav game but now they can..

I think if you’re handicap it might be a fair trade off ?

I use phoenix to send zaps & Satoshi lightning wallet to receive them. Kinda a pain in butt, but it working okay so far!

Whenever I look at mempool I always wonder why every block there is someone willing to pay 25-100x the going rate to push a transaction though.

The block isn’t coming any faster..