I don't know if it's my perception but people are acting strangely. They seem to be desperately hanging on to the pre-2020 reality in the hope they don't have to face their current circumstances. This manifests in lots of odd behavior like discussing particularly trivial things. I find myself having to talk to them like an adult talks to a child about the tooth fairy. It's a very shallow interaction with lots of unspeakables hanging in the air.
How strange that a digital sound money protocol opens the door for so many to the way
Never going to happen. This is hard fork territory, nobody wants to fork the King.
Change introduces risk
Bitcoin has a 15 year record of running as it is. You change the code this much, you start over from zero.
“I've been warning Bitcoin developers for ten years that privacy needs to be provided for at the protocol level. This is the final warning. The clock is ticking.”
- - nostr:npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9
If attempts were made to alter the base layer to this extent I'd seriously consider selling down my stack. There is no way I'm leaving my entire net worth in protocol change of this magnitude.
L2 is where you fuck around and find out not L1.
Satoshi made lots of tradeoffs, it's safe to assume privacy was one of them.
Ship has sailed to be making sweeping changes to the base layer. People are storing their life savings in this now. L2 of gfy. Satoshi surely considered this already and decided the tradeoffs weren't worth it.
“I've been warning Bitcoin developers for ten years that privacy needs to be provided for at the protocol level. This is the final warning. The clock is ticking.”
- - nostr:npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9
If he means base layer, then no. If he means L2 then yes. Can fuck around and find out on L2.
One of my favs of the conference. Even a small island can have great wealth on a sound money standard. I'd love for it to regain it's former glory through Bitcoin and become a sanctuary for stateless eu plebs.
I'm getting better, it dips less after I've run out of fiat than it used to
Even if / when you use Bitcoin to pay for everything, it will be a small liquid % of your overall stack. The majority % will be remain a SOV. Bcash already lost this argument.
Saylor calls government bonds toxic. He argues against real estate because the state can confiscate it from you. He says money supply, unemployment and inflation figures are all fake to underestimate theft. The argument he's allowing the state to keep is medium of exchange, which for an billionaire public figure is a smart move.
Memba when Bakkt was major news cus it was going to bring all the trad fi bros lol There's wall to wall mainstream shilling of the corn now and people still bearish.