“The Bitcoin money supply will continue increasing”.
“People are going to vote for more taxes”.
nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe
how do you give this complete 2nd principles fiat-thinking sophisticated clowns the time of day.
Because the conversation opens the eyes of many others still trapped in the matrix 😉
Even George himself has gone from Bitcoin is nonsense, to everyone should own some Bitcoin over a period of about 6 months.
We are so early! Even among those who hold #Bitcoin, the vast majority price it in dollars - subtly reinforcing it as a “trade”
We all stand on the shoulders of those before us!
nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Hi Jeff, I’m listening to you talking about 3-5% ‘yield’ via lightning.
I presume this is by managing a lightning node and locking some of my corn in there.
I’m reasonably tech savvy and am curious about learning more due to greed but a bit cautious about locking capital up.
Can you recommend me some material or a good place to start learning about this?
It is early and the rate will be variable because of the market. Also - it is not “yield”, It is fees from lightning that are shared with providers of liquidity.
Follow Breez, as they are building this in a non custodial function where you still control your keys.
Others will follow and the “market” rate will be based supply and demand.
Thank you - I just consider that most of George’s followers and people in his circle reinforce his blind spots…..which makes me have curiosity & humility in seeing my own.
In a strange way, this is connected to why George is still confused because he thinks the existing system (that he hates AND makes stronger with each of his actions) will always look that way versus losing its power slowly as more individuals (nodes) move their time and energy.
Or in simple terms - We are all #Satoshi
Just listened to this on my run. The wind was howling and the rain was bucketing down. But the calm conviction of nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe in my ear was pure #Bitcoin signal!🏃☔
😀 - Thank you!
The winners write the history books!
😀 - Pretty sure you’ll enjoy it!
Highly recommend that you watch the General Magic documentary if you have not seen.
The story of a huge vision for a connected device long before the iPhone, the role of timing in a start ups success, how open networks win, and how many of the greatest names in tech got it wrong….and then right.
“Failure is the start of success”
Link:
Looking forward to this one as we have some pretty cool things lined up!!
Join me if you can. nostr:note1s00vgn2twdn8pgush8893uzcwm546u4u6mvr7kv227drxl9hvgnqutkxx9
nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Given "prices fall to the marginal cost of production" dosen't bitcoin go to infinty and cost us only as much as we think it should?
Kind of - What it means is that the “real” value of #Bitcoin goes to infinity even as energy and processing/or the cost to produce Bitcoin falls.
1 bitcoin equals 1 bitcoin
Ie - everything else would fall in price faster.
Bitcoin empowers people in freedom stricken regimes.
Please share this video of Bitcoin in Cuba far and wide.
🧡
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc nostr:npub1tjkc9jycaenqzdc3j3wkslmaj4ylv3dqzxzx0khz7h38f3vc6mls4ys9w3
I will send any sats you Zap to this note to bitcoincuba@getalby.com ⚡️
But if you wanna zap me personally (thanks!), use joe@coincorner.io
Viva Cuba, Viva Bitcoin 🇨🇺 🧡
Just watched your latest video Joe - So cool!!
Good question and probably more nuanced than I have time to answer now but - I think many of the fees on layer 1 for inscriptions etc will move to layer 2 since there is no economic reason to introduce an oracle into layer 1. Most of these (and the fees from them) are only get rich quick schemes base on short term incentives. That will play out while layer 2 and 3 mature and then move to where it makes economic sense and fees from them will fall. Keep in mind - I’m talking about a long term process and not the fear and greed combined with recency bias that will have everyone forecasting the future by projecting the present. As for changing bitcoin core to artificially create more fees here for miners that aren’t profitable in a free market - it is ludicrous.
I believe the combination of the above + what is coming on Lighting + what is coming on Fedimint (which removes/reduces the load on Lightning) allows the scaling of Bitcoin to billions. That is without breakthroughs created from these innovations and constraints.
Hope that helps!
Great write up from Roy at Breez about removing roadblocks to scale lightning and what can happen when you do.
The talent in this ecosystem is mind blowing!
Look forward to that Tim!