I have been amazed and underestimated how many people out there wanted price exposure without responsibility of holding keys

Kudos to us, it's good to take credit of ourselves sometime. 🫂

I think the only things that have “intrinsic” value are those things which prolong life (e.g water, food source, sunlight, etc.) and everything else only assumes the value we put in it.

All life wants to preserve energy and thus we assign value to Bitcoin because it preserves our energy for the future without that energy being stolen from us from others.

That’s my take on the whole “intrinsic value” “what’s it backed by” debate

The government is literally stealing your life with taxes and fiat monetary inflation…

As a conservative example:

You start working at 20.

You work until you’re 65.

You pay +/- 33% of your income in taxes.

The government takes 1/3 of your working life…

They have stolen **15 YEARS** of your time, energy, and work.

And for what?

For roads? (LOLOLOL)

For a broken education system?

For a medical system that wants to keep you sick and medicated?

For the military industrial complex which gets rich off foreign forever wars you never agreed to?

And while they are stealing 1/3 of your life, they are PRINTING MONEY OUT OF THIN AIR, stealing MORE of your time/energy/life force through the destruction of your purchasing power.

The taxes you pay don’t even fund the government; an ever-growing pile of national debt does, fueled by money created out of thin air by the Federal Reserve System. The dollars in your bank account are worth less and less every year, as your purchasing power is systematically destroyed.

I am grateful #Bitcoin exists so I can opt out of this nonsense and save the value of my time and energy.

Anyway, have a beautiful day.

Thinking it’s “too late” for you to get into bitcoin is an illusion of the ego.

Sure you didn’t get in at $6 or even $6,000 and others who did are higher status than you. Put that aside. That’s your ego fucking with you.

This isn’t about pride, it’s just about money.

We are still early in bitcoins story.

$66,000 is still cheap believe it or not.

We have 100x left to go at a minimum.

Your ego is not your amigo, it’s trying to keep you from riches.

Do not listen to it.

Pathetic to blame a private company for the consequences of their own criminally usurious fiat money printing #bitcoin

The flaw with this counter argument is it assumes these critics have an appreciation for rules-based order or decentralized consensus. When they raise questions about a change to the 21m hard cap, they aren't even informed enough to be suggesting a change to the underlying code. They are used to a fiat system, where "reality" is dictated by verbal decree from a centralized authority. These people think one day Satoshi will resurface and decree (by fiat) that there are now 50 million bitcoin.

“What if someone changes the #Bitcoin protocol rules, such as by removing the 21M supply cap?”

They can certainly try. But at this point, it’s not feasible. Here’s why.

Let’s use chess as a metaphor.

You and I can agree to start playing chess by some new rules, such as allowing pawns to move like queens, or expanding the size of the board.

We can even spend billions of dollars paying chess influencers, chess organizations, and chess board manufacturers to promote our new version. However, the classic version of chess has enormous staying power, so good luck getting the rest of the world to follow our new rules.

At best, all we’ll do is create some new, lesser, alternate version of chess that a minority of people play. Most will still opt to play the old version.

One exception to this is that we might successfully introduce some tiny new edge-case rule that improves the game while keeping the essence of the classic version in tact. For example, pawn en passé was adopted in the 15th century, 900 years after the original game of chess arose.

Still, it’s hard to force small edge-case rule changes like that. Typically, they emerge naturally as players of the game realize a slight way to make gameplay more fair or enjoyable.

The same is true for Bitcoin. Hard forks are out of the question at this point, as the majority of nodes will always follow the classic rules of the protocol out of their own self-interest. If the 21M hard cap was removed, that version would no longer be Bitcoin.

The only rules that might change henceforward are small and relatively insignificant to the essence of Bitcoin. And even then, these soft forks will only be adopted if a majority of nodes decide on their own to adopt them, which will only happen if they legitimately improve the protocol.

My node, for one, will never adopt fundamentally different Bitcoin rules. And there are many like me.

For context — nostr:note1w7ks74drqq7l24l38hn8yahyzznaxhnauaxddr4g64g2arcfgq9ssp45ps

Vangaurd RIA on deck . . . now that they took out the trash.

You can ignore Bitcoin, but you cannot ignore the consequences of ignoring Bitcoin.

Guys, help me here. I’m a restaurante owner and decided to accept bitcoin as payment method. Should I precify my meals based on BRL/BTC conversion or precify in bitcoin? If I precify in bitcoin, how can I know how many sats to charge since we don’t have people doing that already… for example, how many sats a bottle of water is worth?

I mean, I know I can simply convert at the time of payment.. but I would love to have a fixed price in sats for those things..

#bitcoin #sats #zap #help #food #future