"Owning" a "rare satoshi" is a bit like calling a prostitute "your wife."
Since value is subjective it cannot be stored.
What you've got is a Medium of Exchange over time and space. If you cannot exchange it with your future self (over time) it becomes useless as a Medium of Exchange over space too.
This is fake news.
Vitalik is not South Korean, not a professor, and doesn't look like that at all.
🚨ANNOUNCEMENT!🚨
On #BitcoinInfinityDay 2024, my new book #BITCOIN: THE INVERSE OF CLOWN WORLD will be released!
The book is co-written with nostr:npub1fk8h6g8zhftw8c7pga2zjd84p2z949up5lc3qdchm9v4m0q7mwws7jcwld from the nostr:npub1h727rfzm6hk9egx5yr602hxszezu0pyl2l7azwuvttlvf67uepyq559jmf and we're making an ENTIRE BOOK VIDEO SERIES with Ioni Appelberg and nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
∞/21M = 1/🤡
It's more important for the cost of running a #Bitcoin node to stay low than for the cost of on-chain transactions to stay low.
Freedom of Speech is the right given to you by your gracious masters to semi-openly complain when they take your stuff against your will.
Freedom of Speech is the right given to you by your gracious masters to semi-openly complain when they take your stuff against your will.
Value is indeed subjective. Which is why your argument contradicts itself. Whether or not you find the idea of Bitcoin useful is up to you. The satoshis does not exist, except in your head. They're literally a secret you keep. How much you are willing to give up that secret for, is up to you. It is also up to you what you're willing to pay for someone else's secret.
Don't find Bitcoin valuable? Then don't use it.
There is no second breakfast.
The bills they print are claims on your stuff.
∫MoE dt -> ∫MoE ds
Few
There is no second use case!
Ask not what your Bitcoin can do for you – ask what you can do for your Bitcoin
You will, in my upcoming book.
You cannot own #Bitcoin.
What you CAN do is rely on the fact that the risk of someone else knowing the same Private Key as you is so infinitesimally small that it makes sense to use satoshis as a communications tool for expressing value.
You cannot "own" #Bitcoin in the traditional sense of owning stuff.
No matter what governments, courts, chain-anal people, or anyone else tells you, there is no way of proving that someone DOESN'T know a string of information such as a private key.
From this perspective, satoshis aren't ever transferred but rather reorganized on the timechain for communication purposes.
The twelve magic words do not belong to anyone. They're just twelve words.
What Bitcoin makes so blatantly obvious is that money was never anything but information.
A ban on "self-hosted wallets" is as absurd as a ban on using your brain.
Such a ban would have severe consequences.
It would deny you the right to keep a secret while granting the government the right to claim that you do, making everyone a criminal.
YOU would have to prove that you DON'T know something, which is impossible.
You would be guilty until proven innocent, which cannot be proven.
Any law trying to stop or restrict Bitcoin usage is nothing less than a crime against humanity.
IMHO, the Bitcoin community should do everything in its power to prevent such laws. Your ability to use a communications network shouldn't depend on where you were born.
Do your part and educate as many people as you can as often as possible.
Speech is never free but always costly. It's high time to separate speech and state!
From FFS ep. 100 👀
