Avatar
Low Information Voter
a96a35a224402b8075c4da20f0477896afcc3395b6fad63e30a648a8222a6a69
Caution: posts may contain poetic exaggeration, unapproved memes and general silliness. Full Member of the #Capybara Appreciation Society. Unabashed fanboi of kycnot.me. Anarchist. Dad. Interests: #FOSS #machinelearning #tor #brewing #python #anarchy #diy #solar #electronics #decentralisation #linux #bitcoin #monero #offgrid #rightToRepair #progressivemetal #speculativefiction #archeology #space #memes I believe everybody has a right to defend themselves against #Netanyahu, #Gollant and other fascist war-criminals. Not just a right, but a duty; and most of us are not doing our share.

The real threat is always our own. Other governments don't have physical access unless they invade.

Now swap Israel and Lebanon, and Hamas with Kahanists/Likudniks.

Still willing to use the same logic?

Lebanon did nothing in '48, and got colonised as a reward. Charles De Gaulle sent a fleet to un-colonise them.

There are no more Charles De Gaulles, people need to defend themselves and their property.

Levantine Arab Muslims are really, really hopeless at this. Hezbollah was limited to protesting and (re-)building hospitals until a Christian girl showed them how its done -

https://en.m.wikipedia.org/wiki/Sana%27a_Mehaidli

Bought a second hand breadmaker 11 years ago for $30. Its a "TODO", made in China. I use it at least once a week, and make up my own recipes.

Literally, my best (non-living) investment ever!

Replying to Avatar jimmysong

Altcoins Don't Lead to Bitcoin

-------------------------------------

There's a persistent myth that Bitcoiners are made through altcoins. The argument goes something like this:

1. Someone hears about NFTs, a BRC-20 token or some yield-producing DeFi project.

2. They get curious and get into said altcoin.

3. They then find out about Bitcoin.

4. They recognize Bitcoin as sound money and start using it as such going forward

There are many criticisms of this argument, but let's start with one of marketing. The order here matters. The contention is that these people *hear* about an altcoin first before Bitcoin. While this may be the case for a few people, for the vast majority, they hear about Bitcoin first. The people investing in an altcoin almost certainly are people that know about Bitcoin already. It's extremely rare that *new* people come into an altcoin, without any knowledge of Bitcoin at all.

Second, there's a persistent idea that mere *exposure* to Bitcoin is enough for people to start adopting it. That somehow, hearing about Bitcoin, whether through commercials, ATM signs and Bitcoin Accepted Here stickers, that it's enough to send them down the rabbit hole of Austrian economics, incentive systems, the nature of money and so on to get to the place where they become Bitcoin holders.

Of course, this is ridiculous on its face. I'm sure someone, who was already inclined toward sound money principles through time-preference, has become a Bitcoiner this way, but for the vast majority of Bitcoiners, exposure to the *brand* was not enough. They were exposed to an *argument* for why Bitcoin is superior as money, more moral, better for civilization or better for wealth accumulation. Exposure to an altcoin very rarely exposes people to the best arguments for Bitcoin. It's very much in the altcoiners' interest to make Bitcoin seem worse in comparison. The arguments that they *are* exposed to are the easily refutable and require Olympic-level mental gymnastics to believe, usually a token around a centralized decentralization of something that makes little sense to decentralize. Thus, they might get a little more exposure to the brand, but the arguments for Bitcoin are something that they won't get in altcoin-land.

In other words, the people involved in these altcoins have very different motivations and the marketing makes this very obvious. The hope is always the price rise in the token through further marketing. There's nothing about these that point to Bitcoin's advantages over fiat money.

And the experience of Bitcoin Maximalists is clear evidence to the contrary. Many have had some time with altcoins in the past, but that's generally way before they finally "get" Bitcoin. In large part, that moment when they get Bitcoin comes *after* getting rugged in an altcoin, not *because* the altcoin somehow made Bitcoin's virtue more obvious.

Far from bringing "people into Bitcoin," altcoins actively tempt would-be Bitcoiners into a path of gambling and rent-seeking. This is precisely what takes people away from providing value and using Bitcoin as savings and puts them in a very fiat mentality of trying to get something for nothing.

This is why it takes most Bitcoiners years to really "get" Bitcoin. Adoption does not happen through airdrops or ads. Adoption happens through each individual understanding what Bitcoin is for. What altcoins do is confuse the issue because altcoins make Bitcoin seem more like "crypto," or a speculative gamble. Indeed, this is what altcoiners and nocoiners have in common. They don't or won't understand that Bitcoin is a better money. For them, it's a better or worse lottery.

Let's dispense with this idiotic narrative that altcoins somehow benefit Bitcoin. They're leeches of the system that confuse people with their obviously flawed arguments on the need for a token for their project. Altcoins are a morally corrupt evil.

I didn't get into Bitcoin so someone in Nigeria can now gamble more efficiently online. I got into Bitcoin because that same person can keep more of their wealth by not having their money continuously stolen from them. The altcoiners deserve all the vitriol that they're getting. At best, they are naive and overestimate their economics knowledge. At worst, they are scammers that are rent-seeking off of Bitcoin's success. Either way, this argument needs to die.

Bitcoiners ARE made through Altcoiners.

A tediously-risk-averse nocoiner friend contacted me yesterday asking about Bitcoin - because his friend was bragging about his Altcoin numbers-go-up even as Bitcoin bull run sags.

Timid Nocoiners catch FOMO from Altcoins, butbyuy Bitcoin because it looks "normal" in comparison.

Oh noes!

Klepto-Conservative, (hopefully-)ex-Globalist, serial murderer Putin gonna win... That's bad :(

Fascist Globalist cabal (and local Neo Nazi allies) defo gonna lose. Hell yeah, that's (very) good. :)

#Australia, ffs don't take the crooked soon-to-be-ex politicians and torturers from the losing side, for once, mkay?

Truth.

But, Devil's Advocate, learning low time preference requires a social environment that is both predictable, and respectful of people's rights. No point planning and working for some future asshole's benefit.

People who didn't grow up like that are a large minority in the West already, and I can only see that going up in the near term...

This dystopian scenario depends on the cost of capital and energy approaching zero. And I don't believe they will be, even if current trends reverse abruptly.

Many minimally-skilled white collar jobs are entirely automatable, but since many of these positions were already primarily about stroking bosses'/clients' self-importance many will survive regardless. This includes account managers, gofers and political staffers.

Many entry level jobs in otherwise skilled white collar professions will be automated, which will be disruptive, especially for organisational cultures that don't like to invest in training.

Hotel room attendants have zero risk of automation - the capital and energy costs can't justify it.

Retail staff could be replaced, but won't be, except online, which was happening anyway.

Blue collar trades can be automated in some factory contexts, but they're otherwise safe. This includes the military.

AI is potentially coming for artists, musicians and journalists, because it already does their jobs better than most of those ever did. But it can't overdose in a bathroom, suffer an unplanned pregnancy from a patron, or vomit off a penthouse balcony while naked at 5am on a Wednesday. So even they will survive.

Ring signatures would work, but requires a hard fork. Probably not worth it.

Censoring transactions isn't all or nothing for the network. Disapproved wallets will still be able to have transactions included in the block, they'll just have to wait until a non-compliant pool finds the block first. Slower and less predictable, maybe slightly higher fees.