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mark tyler
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Bitcoin & šŸ«‚ Oh and dimly trying to think through interesting issues. I think that I don’t have a right to force you to do anything other than not harm me or others. Seems like most people I interact with in the real world disagree with this statement. To be fair.. the devil is in definition of ā€œharmā€.

ā€œZettleā€? Really? What are these people thinking… BITCOIN PEOPLE, BITCOIN nostr:note1d0zhd9axf3mvpmhpu6purv989pmdfqx72p4xv8jr4y3wpjr7na6qund5zg

ā€œAmid mounting pressure to not halve, Bitcoin CEO fled to the jungle, insists ā€˜halving will proceed as planned’ ā€œ

That’s only what people reported šŸ˜

My prediction: all in-debt countries will print to buy Bitcoin, which will be a race once it gets going, everyone vying for the early, cheap sats. This process will be a wealth transfer the likes of which nobody has ever seen, it will erase national debt loads, and kill their currencies. It will moon Bitcoin. It will move the world to a new sats-only standard that will be extraordinarily durable because everyone will have felt or seen the pain caused by the dying throes of fiat.

Hmm… bitcoin can only appear to have a deflationary effect as long as fiat inflation keeps going right? Seems to me like fiat would explode in frenzy of inflation, and then the deflationary effect of Bitcoin would go to zero. No?

It must be that the Walmart C level folks were thinking ā€œwait I thought we were bitcoin onlyā€ yeah that’s gotta be what happened

I’ve been thinking about this. I think each planet will have its own time chain for sure.

I think people will be hashing earth-bitcoin entirely in earth’s gravity well. The moon is about a light second away, which means the speed of light based latency will cost you maybe 2/10tof a percent of your net revenue when hashing on the moon. That grows the further way you get.

Now, when it comes to where people will store their money, who live on Mars, transactions will definitely be slower if they are using the earth bitcoin time chain, but using the time chain of the place with the highest rate will be valuable for security and also for maximizing the likelihood that the time chain will keep operating.

I think some people will want their assets on the Martian time chain because they expected to grow, I suppose this would be a speculative play at the future value of the martian time chain.

I think this probably also means that asteroid belt minors will have regional time chains. Because the sign is too far away, maybe the asteroid belt would be split up into tens of different regions. I think asteroid belt time chains that would happen a lot later than a flourishing Martian time chain.

As we go out to other stars, I think it’s very unlikely that people will still try to use a time chain whose transactions require years and maybe decades of centuries to settle.

Replying to Avatar Uno

Enuts

Ohhhhhhh I love that!

The person running the bot should really add their parsing code to the popular cashu wallets so we don’t have to keep isolating the nut before receiving in the app lol