#Debanking and #Cashless banks, these two growing trends will add fuel to the next #Bitcoin bill run. #BTC #Crypto #CBDC https://www.technocracy.news/extent-of-de-banking-revealed-nearly-one-million-uk-accounts-shut-in-past-four-years/
Good breakdown of Russell Napier’s predictions on the coming financial repression. #Economics #Inflation #Bitcoin #Crypto https://youtu.be/Avvv7c8xEok
Until $BTC breaks $30,800 we aren’t out of the wood yet. #Bitcoin #Crypto #Trading
A last one that I heard not too long ago: « The US dollar is backed by gold »
Another one: « Fluoride is good for your teeth »
« That’s a conspiracy theory » or « He’s a white supremacist »
#Bitcoiners, would you be favorable for #Bitcoin to switch to proof-of-stake if you could easily and safely earn a yield on your staked #BTC rather than having the coinbase distributed to miners?
Why would you be for or against this change?
#Nostr is to social content what #Bitcoin was to money. Nostr and Bitcoin are decentralized and allow for self-ownership (content and money), #Twitter and #fiat currencies aren’t. Nostr is the first protocol to build the network effect in the category of decentralized platforms for social content publishing. nostr:note1ndyekhl56temt54s3mpgclp7s9hhfj9wuy9thulyp2wfaq6ef7lsktvs0g
A lot of fair points but « want to be where bitcoiners aren’t to keep reaching normies », really? Do they realize that #Twitter #X algorithm is designed to keep users in their echo chambers? So far, you have a more chance reaching a more diverse audience (but certainly smaller) audience on #Nostr.
#Bitcoiners, what would you respond to counter this argument?
« Currently, the acceptance of #Bitcoin to purchase goods and services in every day situations is extremely low. As such, even though holding #BTC has proven to be a good investment choice, it wouldn’t be good choice for the purpose of having a liquid non-fiat alternative asset that you can spend. This is especially true in a scenario in which you would be forbidden to transact in fiat.»
Do we get AMZ tokens for scanning our palm?
The continuous draw-down from the Strategic Petroleum Reserve is one of behavior among many that is indicating to me that the stage is being set for something very bad to happen to the US. #CCP #WWIII #Oil https://www.zerohedge.com/economics/biden-energy-secretary-secretly-consulted-top-chinese-energy-official-spr-release-sales
If only it was just Wikipedia… All major platforms where narrative forms have been manipulated for years.
I don’t think we can compare Bitmain’s firepower with the one of #BlackRock. If this is a planned attack on #Bitcoin we can expect the regulators and the controlled media to fight along with BR in this war.
Overall, I think you’re missing the point I was making about the Bitcoin brand which will be the focal point of BlackRock. To them, it won’t matter if the original Bitcoin users don’t accept their fork as long as they can steal the brand. Exchanges have always played a crucial role in deciding which side gets to keep the brand. They make their determination based on hashpower, community support and other factors. One related risk, is that centralized exchanges are increasingly getting tied to BlackRock and many may have to bargain something for the regulators to let them alone.
The nodes have no Sybil resistance mechanism. If #BlackRock really wants to go to war you can be sure that they’ll make sure to control enough of the share of validators.
#Bitcoin hard forks are not about the code or the tech. They are all about the Bitcoin brand. Whichever side get to keep the brand, controls the narrative. Whichever side controls the narrative has the gift to claim they are the real Bitcoin. Who are the brand makers? Historically, it’s been the centralized exchanges. For the next war, centralized exchanges will be controlled by fewer players. I bet the controlled media will also play a key role in the outcome of this future war. Be ready. #HashWar #BlackRock
But realistically, a lot of people are going to go along with verifying their identity. They won’t pass on their daily dose of dopamine. #X #Twitter #KYC #DigitalID nostr:note1s7x9frz0ypypnddx4jc8wkjsd7xv30u73hjl00qa0700c398e98s9502md
Government ban and supercomputing risk are valid steelman arguments but I would suggest the following as a stronger steelman argument:
“Currently, the acceptance of #Bitcoin to purchase goods and services in every day situations is extremely low. As such, even though holding #BTC is a good place to park your money. It wouldn’t be very liquid in a situation in which you couldn’t not exchange your bitcoins for fiat. As such, Bitcoin isn’t a good hedge against government ability to restrict individuals from using fiat or #CBDC.”
What would you respond to this steelman argument?
I agree on #Goldback. People like them even if they don’t know anything about gold. They are a great choice for tipping. For buying it’s still a hit or a miss depending on where you live. You can hand a goldback to anybody even if they’ve never seen one but you can’t give #crypto unless the person already has a wallet set up and ready to use.
Any alternative currency to fiat that requires to be exchanged for fiat or be processed through a custodian in order to be spent isn’t ready to be used in time of crisis. In your opinion, what are the alternatives to fiat that best pass this test? #Bitcoin #Goldback #Crypto