I was just reflecting on Peter Todd's argument in [1] and thinking what are the realistic possible endstates for Bitcoin in these terms.
The first is along the lines of what Peter is implicitly advocating: adding a tail emission with, asymptotically, a fluctuating supply (because loss rates will fluctuate, for whatever reason). Note "fluctuating" does actually mean it will sometimes go down as well as sometimes go up (though that won't be measurable). Read the article carefully to get the point; if you're not comfortable with first order differential equations, no worries, he explains the point after writing the math. And if you still don't get it, ask me, I can explain.
The second possible endstate is "fuck that" and supply endlessly goes down, *but* we have a mechanism to hard/soft fork such that we divide sats into smaller and smaller units. I think this is what a lot of people hope will happen.
The third one is the funny one: all software changes end (ossification) but supply keeps going down. Sats are worth 10 squillion dollars, but at some point, nobody has any any more.
(of course in reality a fourth option, which we can't envisage, is what will actually happen, but where's the fun in that).
[1] https://petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary
The end game will be as depicted by nostr:nprofile1qqsve2jcud7fnjzmchn4gq52wx9agey9uhfukv69dy0v4wpuw4w53nqpz4mhxue69uhkummnw3ezummcw3ezuer9wchssmgd97; we have a few decades to let people swallow the pill about breaking the mindshare narrative of the 21 million cap.
Every religion has been able to change its dogmas over time.
https://bitcoincore.org/en/2025/06/06/relay-statement/
ACK
I haven't contributed directly to Core for quite a while. But this statement is a good policy.
Worth reading.
ACK, makes total sense to me.
i now spend 2-3 hours per day reading research papers and building something with goose that i didn't think it capable of doing. i never see a line of code, and never trapped in an IDE.
it works nearly every time, but does requires some nudging every now and then. incredible.
all open source, model independent, full autonomy. use it or fork it today: https://block.github.io/goose/
I tried Goose some time ago with local Qwen-3, but it was never able to call the right tool.
I thought it was a limitation of Qwen's orchestration capability, given its size.
Muscles absorb excess glucose,
just as Bitcoin absorbs excess liquidity.
Bitcoin is the muscle the financial system needs.
I heard nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqnz0fd0 say today he doesn't believe Nostr is inevitable.
It was a mini 💔 heartbreak moment. 😢
How do you feel about that?
#grownostr #asknostr #freedomtech
I agree with him; there are no strong incentives.
humanity is about to be ddos'd by a flood of ai generated engagement baiting slop
the only real mitigation will be cryptographically verifiable reputations and webs of trust
https://blossom.primal.net/d0840c002715b2c0ceaafce0756fbf5301b5d5ad193bbfa27a88140acf048a19.mp4
Take into account the fact that most people enjoy being engaged by illusory, manipulative, and dopaminergic content.
It still shocks me how quickly Antonopoulos understood it.
ross ulbricht - freedom, decentralization, unity - may 29 2025
(all zaps on this note will be sent to nostr:nprofile1qyt8wumn8ghj76rfwd6zumn0wd68ytnvv9hxgtcpr9mhxue69uhkummnw3ezumrwwp5hsetvwvhxxmmd9uqzqzyyxmxs88lcjp6ydr7nylav7cncfm4nwjgwpggc4w03fjwjv3kvuyqxun)
https://cdn.satellite.earth/86d21389189811fbe85132315bd1c7a9a48647136c8d28e317c9177a7211514c.mp4
Best speech.
The discovery of new land (cyberspace) created trade routes (Silk Road),
and trade routes implemented new monetary systems (Bitcoin).
New monetary systems spark renaissance.
Full video of Saylor’s nonsense answer for why Microstrategy won’t publish Proof of Reserves.
Every time he opens his mouth of late, he’s giving more reason for Bitcoiners to be skeptical. It might fly with financebros, it won’t with anyone who has studied #Bitcoin.
https://v.nostr.build/eRPWtrluIbxB6usg.mp4
nostr:note106nhek9mgqjsnlas24hk6dmy7nrnp82qnlalw8l37ch46ywa49zqsh5tyg
The public Saylor is addressing is TradFi, and he's doing a great job at it.
To convert a barbarian to a new religion, you have to speak their language and give them the impression that it's a polytheistic religion."
Beautiful.
The Indigenous man wearing a cross makes me think about our species.
My journey with money started 10 years ago.
The goal was to become sovereign, which I believe is the only way to fully develop your personality as a human being.
https://dscompounding.com/2025/05/07/self-sovereign-manifesto/
No matter how it ends, it’s been an incredible adventure, a chance to learn about ourselves and our species, through science, politics, economics, sociology, and history.
Boundaries are where the unknown lies.
You can't ask a large model to bring order to entropy.
To do that, you need math, physics, and cryptography.
You can't just vibe-code your way through multidisciplinary crossroads.
And yet, around 80% of pharmaceutical ingredients are produced in China and India. Imagine the West without its emotional doping, antidepressants and anti-anxiety medications.
I still think the answer to 'why' isn't about vibe coding, it's about pushing boundaries.
I still think the answer to 'why' isn't about vibe coding, it's about pushing boundaries.
"You have to understand.
Most people are not ready to be unplugged.
And many of them are so inured,
so hopelessly dependent on the system, that they will fight to protect it"
Morpheus
That’s why I’m not so sure people will rush en masse to Bitcoin if things go south.
Bitcoin is the easiest asset to hold in history, designed to redistribute wealth. It's as simple as a religion, where the only sermon is: “HODL and stack sats".










