😂

“People don't buy altcoins because of features, they buy altcoins because they want to gamble.”

That’s really all you need to know. nostr:note1dc2lpq452859gqjz6cl2zll6hkss9d586lswzrzruaweqc70fhcqxf86ju

Mankind’s greatest invention

My daughter just drew this fine piece of nostr art.

If anyone wants to send her a tip, her address is soniccourse07@walletofsatoshi.com

Drivechains Won't Eradicate Altcoins

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There's a prevailing belief among advocates that drivechains will spell the end for altcoins. The logic is simple: if drivechains exist, they can replicate any function of an altcoin on Bitcoin itself, eliminating the need for the altcoin. For example, if an altcoin boasts privacy features, those could be integrated into Bitcoin using drivechains, making the altcoin redundant.

Technically, this perspective has merit. Many altcoin innovations can indeed be integrated into Bitcoin via sidechains. For example RSK is a Bitcoin sidechain that uses Ethereum's scripting language to copy its "features."

However, this viewpoint misses a fundamental point. Altcoins don't thrive purely due to their technical features. In fact, their primary purpose isn't technical at all. Altcoins mainly serve to profit their founders and early investors.

Take ZCash and ZClassic as examples. They are technically identical and the only difference is political. ZCash had a premine and a dev tax, ZClassic did not. They are completely redundant, yet, their coexistence remains undisturbed.

At its core, the altcoin world revolves around profit and politics, not technical features. Most of these "features" are not just dubious but actively harmful, as can be seen in the many different exploits of their bad designs. Technical features are significant only if they attract new investors. In essence, they serve more as promotional tools than as core functionalities.

Many mistakenly see Bitcoin's value solely in its technical attributes. While these are crucial, Bitcoin's real strength lies in its monetary nature and the decentralized scarcity it creates. Overemphasizing its technical aspects risks overlooking this foundational economic characteristic.

Drivechains are an intriguing technological development, but they're not going to suddenly stop new altcoins from launching or even succeeding in getting new people to buy in. People don't buy altcoins because of features, they buy altcoins because they want to gamble.

Besides, if it was just technical features, wouldn't other sidechains like Liquid and RSK be more popular than the thousands of altcoins out there? The past seven years suggest that drivechains won't change this.

Shitcoins are schemes, not assets.

The happiness and misery of men depend no less on temper than fortune. - Francois de La Rochefoucauld

- #zap this if you like to see more. #Quote

In order to mate, a male deep sea anglerfish will bite a female when he finds her. The male will never let go and will eventually merge his body into the female and spend the rest of his life inside the female mate. The males internal organs will disappear apart from the testes that are needed to for breeding

- #zap this if you like to see more. #Fact

I suggest you attempt to separate Progressivisms rhetorical ideology from their actual actions in the real world. Progressivism is not about equality, it’s about the dominance of group interests over the individual (i.e. corporatist or fascist), and only officially sanctioned groups.

Progressives highjacked the real left’s concepts and emptied them so they could trick people. It’s a shell game. If you dig under the surface of most mainstream political ideologies in the west, you see the same thing: dominance of group interests.

I have said this before on here, there is no actual left in the West. There are no real revolutionary actors on the good side, they are all already dead or still in prison since the 1970’s. What we have instead are fascists on all sides, in total agreement on fundamentals, wearing different masks to trick normies.

In fact, at the risk of sounding crazy, the real ideas of the left and of democracy dovetail nicely with bitcoin and are adjacent to those of Bitcoin. Of course, there are no real democracies, they are simply inverted totalitarian states since WWII.

Actual democracy, emphasizing thinking, deliberation over quick action, individual participation in power, non-scalability, and hence fundamentally decentralizing is nonexistent. They tricked everyone by pretending that voting = democracy. Even the civil right leaders in the US back in the day knew we were being tricked by getting the vote.

Why there should be a February 30th? So dentists can have a day to celebrate

- #zap this if you like to see more. #Joke #Funny

I think that’s right, basically it helps clients process relay events faster.

This is going to trigger so many people and I love it 🤌

On this day in 1991, Metallica released the ‘Black Album.’ #classicrock #pics #music