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techfeudalist
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Blessed by tech; working to bring the benefits to everyone. Freedom, incorruptible money, privacy.

Bitcoin isn’t broken. Be patient and play the long game. If you’re sad and angry, get outside and relax.

Yes, Lightning is not as decentralized as it should be but why not make Lightning better?

Are Lightning’s deficiencies a reason to bring those same deficiencies into bitcoin?

There are a lot of reasons to dislike the DC proposal, but I can’t get over how much of a hack it is. Overloading a transaction type is honestly something a junior dev would propose. It’s not how we should build the world’s money.

She probably just works a second job like many Americans.

It’s not the mining that’s a problem. It seems they’re just reselling the same hashes. The problem is that they shouldn’t have power to validate bitcoin transactions. That power is reserved to bitcoin nodes.

Don’t have a problem with federations either. Federations are fine, whether Liquid or RSK. The chain validators are outside the bitcoin ecosystem. No forks necessary. Something happens to that chain, it’s not a problem with bitcoin.

You might see it as a fuzzy, but I see one as inside bitcoin and the other as outside bitcoin.

Honestly, I don’t understand why DC proponents don’t just create their own federation. It just needs to be separate from bitcoin.

It’s a bad idea to give miners power they don’t currently have.

Miners have a tendency to be centralized because of how they access capital. By giving them any additional power we reduce bitcoin’s decentralization. We need to make bitcoin more decentralized, not less.

☀️ the sun never sets on nostr ☀️

Yes, ratios not clear but I think the overall point is valid. Democrats own traditional institutions.

Trump broke the system the first time because he used their outrage to get free airtime. Democrats then used mail in ballots to their advantage, which they might replay in 2024.

Freedom oriented people can move and build communities and push their states to separate monetarily from the Feds and socialist blue states. Let their broken system crash down on them.

Adopt bitcoin, push state banks to support bitcoin, create strong privacy laws, etc.

Look closely and you can see the signposts.

Fiat —> Gold —> bitcoin

https://twitter.com/GoldSeabridge/status/1704597511023808690#m

It’s unbelievable that a few people have the power to control some people’s money.

The fiat world is in for a lot of hurt next year. Rates higher for longer means…

Bankruptcies

Job losses

Asset prices fall

Falling tax revenue

US debt spiral accelerates

Stay humble and stack sats

https://twitter.com/JackFarley96/status/1704701494006558953#m