At some point nostr will win out and gain market share. As time goes on more censorship will take place and the people get cancelled on social the more they will migrate to #nostr
The 2 largest things that will drive #bitcoin adoption aside from liquidity and a potential bitcoin spot etf this coming bull run are:
1. L402 lightning integration with AI
2. TAPD (Taro)
Change my mind.
Any bitcoiners here willing to do a follow for follow? 🤙
Met a guy this weekend playing golf who like me works in Finance and has all the same beliefs/interests around sound economics, monetary policy etc. but solution to the problem we differed. I asked his thoughts on bitcoin. He said he avoids it because of the hacks and it can’t be trusted lol. This guy was a portfolio manager and very smart, but I could tell he hasn’t spent any time learning about bitcoin. Instead he has his own narrative based from media headlines. I couldn’t get past his barrier.
I can’t help but to keep thinking about the saying: “Everyone deserves the price they end up paying for bitcoin.”
I’m guessing his price will be around 100k-150k since he has potential
Not sure why Taproot asset protocol daemon TAPD (formerly Taro) is not talked about more. I think it’s probably a mix of bitcoiners not really interested in other assets being issued/transferred on bitcoins blockchain/network and altcoiners completely oblivious stablecoins/NFTs/assets are coming to btc. Many bitcoiners are anti other assets such as NFTs, but when issued in a scalable manner (NOT ordinals) they can offer additional liquidity and network affects to the lightning network. As we’ve seen through ordinals the demand is there, but the scalability is not. That changes with #TAPD. Layer 1=security/protocol immutability, layer 2=scalability. For Alts to die bitcoin will need to eat their utility with better faster benefits.
Some examples I envision using TAPD:
1. a “tokenized” decentralized financial system. Apple equity shares issued as a digital asset able to be bought/sold/transferred at the speed of light 24/7 by anyone in the world using lightning networks channels
2. Stable coins- high demand for these from developing countries. Problem now is to transfer and buy stables using other chains is slow and costly. TAPD fixes this
3. Deeds/licenses/titles/contracts: these don’t necessarily need the cheap fees or fast speeds, but they do need bitcoin’s security/decentralization as well as multi sig capabilities that taproot offers
4. Digital assets or NFTs- NFTs are beyond art or an in game self custody assets. NFTs offer unique items to be digitized and transacted. Ex: Tickets for specific events/sports which have unique seating
5. Etc
The point here is yes at its roots bitcoin is hard money, medium of exchange, security, decentralized bridge to freedom from the current system.. but it is also the foundational base layer for everything else to be built/scaled on top of it. To have the googles/amazons of the world we needed the internet. To have a new global financial system adopted by billions we need bitcoin. TAPD offers the next step in this process.
Many people think if #btc #dominance goes down it means bad for #bitcoin, but dominance includes stable coins. And if stable assets are issued on the #lightningnetwork bc of #taro/#taproot which will improve scalability/txn costs/security for stables, then stable coin adoption will explode because it’s in high demand in developing nations. Thus bitcoin growth could in itself self inflict reduction in dominance. I should also clarify time preference. Stables will grow until global adoption of bitcoin and the flattening of its volatility. Once there’s hyperbitcoinization there will obviously be no need for stables but that’s far off for now
Thanks! Will do, trying to get the word out..
https://twitter.com/the_apex_asset/status/1646894051667443712?s=46&t=CYim-OAFAh3UN8l4tlGsuw
Whoever has been zapping me, thank you!
This is wild, I’ve had lighting tips on Twitter enabled since the beginning and never got a tip. One post on Nostr and already have a handful of zaps.
Perhaps bc of how easy it is. Props to the those involved with the development of #NOSTR and this app #[1]
Purple pulled indeed, thanks! Love the concept here that similar to a wallet you can pack up your bags and go anywhere, essentially restoring all post history. I need to dive into this some more to fully understand it all
Thanks just got it setup! Using WOS
Jeff thanks for commenting on my first nostr post! 🙌
I had blue wallet but saw the lndhub node stopped so I just set up WOS I think I should be good now! Thanks!
I think I got my zap up? I added my WOS address