Boost

https://fountain.fm/episode/ZOACbcepHZjip9ZL6sUl

nostr:nevent1qvzqqqpxquqzpe3vtezzm5hrhr5cl24dg322f9kt8scd3usw0vnyc9y6vyj7zunr7fv50m

Boost!

https://fountain.fm/episode/kXECvtVUz0YchqJwYojt

nostr:nevent1qvzqqqpxquqzqjtwzxc954965eswh83877smu96x6xx7lvejyheh8s3kxd3c7n3v69n658

It's nice to see you post some wisdom from the dad.

Your episodes keep getting better and better. This is a topic that I wrestle with as a Christ follower and a Bitcoin maxi. You took it much deeper than my personal wrestling had gone. Thank you!

https://fountain.fm/episode/Keyhfckw10zK0t8OR8mo

nostr:nevent1qvzqqqpxquqzqztjsxk5d6jpsgqqq65xyc5qrxhzdmm5qysr8npc75r494hyvwxp2q53g7

Personally I'm focused on decentralization of nodes. Anything that diminishes node sovereignty is a departure from Bitcoin. This seems to me what core is doing.

https://fountain.fm/episode/Tw9hZ8o62HCijYfbehpu

nostr:nevent1qvzqqqpxquqzpqvjmgee5wnwny0hefdspcj5uewt4dkhudqxpjx70yu04j47cgqxh3k9pd

Every day.

When it comes to the importance of Bitcoin becoming a medium of exchange, I generally agree. But I'm skeptical about it's urgency. I think the path to that is first becoming a universally recognized store of value. I don't think we can get to medium of exchange without the majority of people wanting Bitcoin.

But I think it's going to happen on it's own. If enough people want bitcoin, they will naturally be willing to trade for it. The only question is if they'll be able to. If the infrastructure that Bitcoin has will support being able to earn and spend Bitcoin. But necessity is the mother of invention. When we get to the point where people universally want it, that will create incentive for a lot more brains to work on that problem than we have now.

I guess I'm not worried. I think it's required. And I think it's going to happen.

I'm sure there's a gap in my thinking. Would love to hear what it is.

"Fractional reserve is just banking" this seems like it translates to: If you need someone else to hold your Bitcoin for you, you risk rehypothication.

Doesn't bitcoins qualities allow me to not need an external bank?

https://fountain.fm/episode/kiUyNnsb2GCEDthCRjwu

nostr:nevent1qvzqqqpxquqzqu9vv7wvh7vkrc74lw8tgfuwhxg0d252z84e4rjkexvu8uwg95nulgr6pe

Really enjoying this series that I only discovered when #6 showed up in fountain. In the middle of #3. Good stuff!

What I wish nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy had asked in TFTC #620:

"Isn't slower block propagation a feature when there are transactions that contain OP_RETURN > 80 bytes?"

"Doesn't that create a higher cost for including spam in the chain?"

Whatever helps their political friends.

I had so much fun getting together with this great community! Looking forward to the next. Also I got some free eggshells.

https://fountain.fm/episode/NhDXEYoPLBWE4kA6ztaa

nostr:nevent1qvzqqqpxquqzqpxp7d246e5ukhquyhdm0dwlej9vf6yajs5e5q608vf8lhm5dtlu5rm4nd

Ok. You can have the last word.

Only at 90k?

First lower prices means my future purchases are cheaper.

Second, higher prices mean my previous purchases are more valuable.

So I don't really care about price. Every direction is beneficial.

I agree the money supply won't deflate. But it doesn't matter what I think or you think. Words don't have meaning because I decide they do. They have meaning based on our collective use of them. And people use deflationary to mean price deflation. I'm fine with that. Words can have multiple meanings.

If you're sticking to the idea that Bitcoin's supply is deflationary, you have a point.

But that's not the only meaning of deflationary. The effect of Bitcoin's fixed supply is increased purchasing power over time. Meaning that the price of things goes down because human innovation is constantly competing those prices down. And there's no way to inflate Bitcoin's supply to cause those prices to increase.

Hence Bitcoin is deflationary.

Men have wives.

Sure. I'll do tha... Oh. Nevermind.

Bitcoin is not crypto. That word was only after there was more than one thing that needed description and people wanted to lump what they thought of as similar things into a category.

When Bitcoin was the only, no one called it crypto. They called it Bitcoin. So when you say crypto, you're really saying "all the Bitcoin wannabes"

Conclusion: Bitcoin is not crypto.

You make a tradeoff either way. On the base layer, in exchange for security you have to pay in transaction time or fees or sometimes both.

Good morning! ☕

I'm watching Arcane. And it ranges between compelling and stupid.

I'm in a stupid stretch and I don't know if I can put up with it to get to the end.

Checks: Yep he is a politician.

So probably.

GM Nostr!

I'm trying to get my son started in Bitcoin. Suggestions for good "bitcoin for beginners" books or resources? Specifically looking for resources that do not include shitcoinery

I'm looking more for "how to" resources. Like:

- how to pick and use a software wallet

- how to pick and use a hardware wallet

- what are seed phrases and how to store them

- what is multisig and how and when to use it

NOTE: I already know all this stuff. I'm looking for reference materials for my adult son that could help him learn in addition to information from me.

nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 is already on the list of resources I've given him.

Are there any "bitcoin for beginners" books that he could read?

GM!

It's a sunny day today and I'm going to safety pilot for a friend and then fly my airplane back from maintenance.

Excited!

😂🤣