“We cannot know the future. The best that we can do is analyze the present envision what we think the future should be like, and then play our individual roles to move toward that vision.
In my view, open-source decentralized money that empowers individuals, that is permissionless to use, and that allows for a more borderless flow of value, is both powerful and ethical. The concept presents an improvement to the current financial system in many ways and provides a check on excessive power, which makes it worth exploring and supporting.” nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
#BrokenMoney
Implementing multi-layer solutions like the #LightningNetwork, #FedimintProtocol, or #Liquid can be instrumental in scaling #Bitcoin.
The #LightningNetwork, for instance, enables faster and cheaper transactions by conducting certain transactions off the main blockchain.
This reduces congestion and enhances scalability while maintaining the security of the underlying #Bitcoin network.
Similarly, protocols like #Fedimint or #Liquid address scalability challenges through innovations like sidechains, allowing for improved transaction throughput without compromising the core principles of decentralization and security.
These multi-layer solutions contribute to a more scalable and efficient #Bitcoin ecosystem.
What is happening?
With the introduction of a #BitcoinETF, institutional investors may feel compelled to invest in #Bitcoin as part of their #fiduciarDuties.
Diversifying portfolios with assets exhibiting different correlations becomes crucial, especially when traditional assets like bonds and stocks show increasing #correlation.
Meeting fiduciary responsibilities involves seeking optimal risk-adjusted returns, and incorporating #Bitcoin can provide a non-traditional, uncorrelated asset that aligns with this objective.
Challenging #conventionalWisdom, exemplified by innovators like Elon Musk with #Tesla and Satoshi Nakamoto with #Bitcoin, fosters progress by pushing boundaries and redefining possibilities.
This mindset encourages critical thinking, sparks innovation, and prevents complacency in the face of emerging technologies. It's through such challenges that breakthroughs occur, shaping the future in unexpected and transformative ways.
Examining #Bitcoin through the lens of #firstPrinciples allows us to understand its fundamental components and functions, encouraging a deeper analysis beyond superficial knowledge or assumptions.
This approach fosters a more insightful evaluation of the technology, enabling a comprehensive understanding of its potential impact and challenges.
#bitcoin is for everyone, for deniers, skeptics, traders, investors, maximalist 🙌
#bitcoin is for everyone, for deniers, skeptics, traders, investors, maximalist 🙌
In the existing financial system and with a global reserve currency, the potential threat lies in deflation rather than inflation.
Persistent deflationary pressures can compel central banks to employ unconventional measures like quantitative easing (QE) and negative interest rates to stimulate economic activity.
However, these tools may not always be sufficient, leading to prolonged economic challenges. #Bitcoin, as a decentralized and deflationary digital asset, offers an alternative perspective.
Its scarcity and fixed supply present an antidote to the risks of excessive monetary stimulus, providing a hedge against potential pitfalls associated with deflationary forces in the traditional financial system.
Understanding Bitcoin becomes crucial in diversifying strategies to navigate the complexities of economic stability. https://youtu.be/qGklNgVmCaA?si=QsX7j5NttbsuJmpo
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx sent me a generous zap during my first week on Nostr and I decided to try to send it all out by zapping 42 sats every time I saw a post that made me smile or made me think. I've probably worked my way through that first chunk of sats by now but the habit has remained.
I love zapping!
#grownostr #plebchain
Thank you 🙏
Stablecoins represent a potential disruption to the current legacy system of over 160 currencies worldwide. While bitcoin is a better store of value, stablecoins offer a quick way to exit an existing financial system and tap into the U.S. financial system.
Stablecoins are digital currencies that are pegged to the value of a particular asset, such as the U.S. dollar. This makes them more stable than other digital currencies while retaining the advantages of decentralization and transparency.
By embracing technologies like stablecoins, individuals can quickly and easily move money between different systems, taking greater control of their financial future in the process. As more people recognize the benefits of these technologies, we are likely to see a shift away from traditional financial institutions and towards more innovative approaches to managing wealth.
#Bitcoin mining has the potential to play a pivotal role in advancing civilization on the #Kardashev scale from Type 0 to Type 1. By economically incentivizing the use of stranded energy, Bitcoin mining can turn previously untapped resources into valuable assets.
Locations with excess or stranded energy, which were overlooked in the past, can now benefit from the economic opportunities created by #BitcoinMining. This not only promotes sustainability but also encourages the development of new technologies that might not have been financially viable before.
In this way, #BitcoinMining becomes a key driver in leveraging energy resources efficiently, contributing to the progression towards a Type 1 civilization.
https://www.youtube.com/live/9J2K-KQ2psk?si=bvlt3AIWO6nAS49E
The criticism surrounding #FUD #Bitcoin's energy consumption may pivot towards #AIlanguage models as their energy needs rise. This shift could prompt a broader reconsideration of energy sources, including a potential change in the narrative around nuclear energy.
Alternatively, emerging technologies like Ocean Thermal Energy Conversion (#OTEC) might gain attention as more sustainable alternatives, influencing the ongoing discourse on energy consumption and environmental impact in the tech landscape.
In the early 80s, people valued hardware more than software due to its tangible nature, dismissing software as mere 1s and 0s without tangible form. Similarly, skeptics of #Bitcoin liken it to gold, arguing that it lacks physical presence and dismissing its value as mere digital code.
However, like the shift in perception towards software's importance, #Bitcoin's intangible yet secure properties are gaining recognition as a valuable asset in the evolving landscape of finance and investment.
A #multisig setup and an inheritance plan are crucial when hodling #Bitcoin to enhance security and ensure the seamless transfer of assets across generations.
#Multisig adds an extra layer of protection by requiring multiple private keys to authorize a transaction, mitigating the risk of single-point failures or unauthorized access.
Simultaneously, having a well-thought-out inheritance plan addresses the challenge of passing on #Bitcoin wealth. It prevents potential loss due to mishandling or lack of access.
Safeguarding your holdings with these measures not only protects against immediate risks but also secures the long-term legacy and financial well-being of your heirs, making them indispensable for responsible #Bitcoin ownership.
#Bitcoin elicits a spectrum of intellectual perspectives.
#Deniers reject its value, dismissing it as a fleeting trend.
#Skeptics approach cautiously, questioning long-term viability.
#Traders capitalize on price fluctuations for short-term gains, detached from its principles.
#Investors see it as a hedge and long-term store of value. "Invertir" refers to investors in Spanish, emphasizing a global perspective.
#Maximalists ardently champion #Bitcoin as the supreme cryptocurrency, advocating for its role as digital gold and a global reserve currency, often excluding other alternatives.
These diverse views encapsulate the complex landscape of beliefs and attitudes towards #Bitcoin.
Which one are you? Or where are you in your proof of work to learn why?
“…everyone you encounter is an opportunity to improve the world by gaining their support for #bitcoin.” MS
#Families serve as the bedrock of humanity, providing essential elements for a thriving society: compassion, community, continuity, and hope.
#Bitcoin, with its decentralized nature and potential to safeguard one's work, aligns with the aspirations of securing a better future for families.
As a hedge against economic uncertainties, #Bitcoin becomes a symbol of hope, offering a means to store value and preserve the fruits of labor for the well-being and prosperity of future generations within the familial context.
The interconnection between #Bitcoin, energy, and matter lies in the fundamental principles of physics. Energy and matter are interchangeable according to #Einstein's famous equation, E=mc².
#Bitcoin, as a digital asset, relies on energy-intensive processes like mining, converting electrical energy into computational power to secure its network.
In this context, #Bitcoin's existence and operations can be viewed as a manifestation of the conversion between energy and matter, highlighting the interconnected nature of these concepts within the framework of physics.
Survival in a dynamic economic landscape demands converting work into assets with specific traits.
#Bitcoin, as a decentralized digital currency, aligns with scarcity, desirability, portability, durability, and maintainability better than traditional assets.
Its limited supply (scarcity), global demand (desirability), ease of transfer (portability), resilience to physical damage (durability), and resistance to centralized control (maintainability) position it uniquely for individuals seeking robust financial instruments in the modern era.